btov closes first EUR 80m Euros for new Industrial Technologies Fund

13.02.2019 17:02

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Industry 4.0

Venture capital company btov announces the second closing of its new btov Industrial Technologies Fund, one of the largest early stage funds with a full focus on European Deep-Tech start-ups with industrial use cases.

The 80m Euros have been raised from the btov private investor network, which includes many successful entrepreneurs and executives from industry, from strategic investors, family offices, foundations, a number of banks, the EIF – and the management team itself. The fund will invest in European start-ups that develop innovative software and hardware for industrial applications. Conversations with additional investors are already underway to further increase the fund volume over the coming months.

The btov fund invests in robotics and autonomous agents, AI for industrial process optimisation, industry 4.0 and IIoT (Industrial Internet of Things), cyberphysical security, electronics and photonics, disruptive and resource-efficient production technologies such as additive manufacturing, power generation and storage, as well as medical and quantum technologies.

The partner team of the Industrial Technologies Fund, consists of Benedikt Kronberger, Christian Reitberger, Christian Schütz, and Robert Gallenberger, a team with excellent know-how combining more than 50 years of investment experience in the European High-Tech sector with strong financial returns.

Christian Reitberger, with his background in physics, says: “We usually invest EUR 1-3mio as lead or co-lead investor in Seed, Series A, possibly also Series B rounds and reserve significant further capital for subsequent rounds; we like to understand the underlying IP and favor cross-domain innovations, ie. bringing maturing technologies to new industrial applications – for example the application of new quantum technologies for sensor technology, the use of new computer architectures for hybrid high performance computing, generative algorithms for design automation or photonic integration for medical technologies.“

(Press release)
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