High-Tech Gründerfonds

High-Tech Gründerfonds Management GmbH is a venture capital firm based in Bonn, Germany, specializing in early-stage investments in high-tech startups. Established in 2005, the firm focuses on technology-driven companies across various sectors, including information and communication technology, life sciences, healthcare, automation, and cleantech. HTGF typically invests in companies that have been operational for no more than one year, aiming to contribute up to €0.6 million in initial funding and up to €3 million in follow-on financing. The firm seeks a minority stake, generally around 15%, and provides a subordinated loan convertible into equity, with deferred interest for up to four years to support liquidity. With a total investment volume of approximately €895.5 million across three funds, HTGF has successfully supported over 500 startups and attracted more than €2 billion in follow-on investments from external sources. The firm's investors include notable public and private entities, underscoring its role as a key player in fostering innovation and growth within the German startup ecosystem.

Daniela Bach

Principal and Authorized Signatory

Kay G. Balster

Senior Investment Manager

Jens Baumgärtner

Principal and Authorized Signatory

Gernot Berger

Investor

Kilian von Berlichingen

Investor

Anke Cassing

Principal

Tanja Emmerling

Partner

Caroline Fichtner

Senior Investment Manager

Yann Fiebig

Investment Manager

Alexander von Frankenberg

Managing Director and Founder

Bernd Goergen

Partner

Stefanie Grüter

Partner, Communications and Relations

Gregor Haidl

Principal / Authorised Signatory

Frank Hensel

Senior Investment Manager

Olaf Joeressen

Senior Investment Manager

Markus Kressmann

Partner

Maurice Kügler

Investment Manager

Klaus Lehmann

Senior Investment Manager

Dominik Lohle

Senior Investment Manager

Torsten Löffler

Principal ppa. - DeepTech Future Fonds

Fabian Mohr

Investor

Martin Möllmann

Investment Manager

Axel Nitsch

Investment Manager

Andreas Olmes

Principal and Authorized Signatory

Katharina Peters

Investment Manager

Tilmann Petersen

Investment Manager

Claudia Raber

Partner

Nikolaus Raupp

Investor

Frank Reinecke

Partner

Guido Schlitzer

Managing Director

Ulrich Schmitt

Principal

Romy Schnelle

Partner

Tobias Schulz

Principal and Authorized Signatory

Katharina Severin

Investment Manager

Niels Sharman

Investor

Esko Stahl

Investment Manager

Björn Sykora

Principal and Authorized Signatory

Angelika Vlachou

Partner

Johannes Weber

Principal

Marco Winzer

Partner

Julian Zachmann

Investor

Christian Ziach

Principal and Authorized Signatory

Markus Kückelhaus Ph.D

Partner, Industrial Tech Team

Past deals in Virtual Reality

Graswald

Seed Round in 2022
Graswald engages in the creation of natural and digital 3D worlds for the entertainment industry. The company offers nature models and 3D vegetation that can be used in virtual worlds. A variety of variant groupings are available in Graswald to produce photoreal ecosystems in various variants.

Innerspace

Venture Round in 2021
Innerspace GmbH, founded in 2017 and based in Wattens, Austria, specializes in developing virtual reality (VR) training solutions tailored for the life science industry, particularly for cleanroom operators. The company's innovative approach, known as DeepTraining, leverages psychological principles to enhance the training experience, allowing employees to practice critical tasks in a simulated environment. This method helps deepen their understanding of production processes and refine their behavior patterns in high-stakes settings. Innerspace also provides a Training Management System (TMS) for effective enterprise-wide distribution of its training modules, along with the necessary VR hardware. By decoupling training from physical equipment, Innerspace aims to minimize errors in pharmaceutical operations, reduce training costs, and improve risk assessment, making its solutions highly beneficial for international pharmaceutical companies.

Reactive Robotics

Venture Round in 2021
Reactive Robotics GmbH, founded in April 2015 in Munich, Germany, specializes in the design, manufacture, and sale of rehabilitation robots aimed at facilitating early movement rehabilitation following neurological injuries and orthopedic surgeries. The company's robots are specifically tailored for gait rehabilitation in neurological patients and for use in orthopedic patients recovering from joint replacement procedures. With a team that brings over a decade of experience in rehabilitation robotics and extensive startup knowledge, Reactive Robotics has established a robust clinical network to advance its innovations. The company benefits from a diverse group of advisors who offer guidance in engineering, legal matters, and the regulatory processes necessary for medical device registration, ensuring a comprehensive approach to its operations.

Threedy

Seed Round in 2020
Threedy GmbH, established in 2020 and based in Darmstadt, Germany, specializes in providing the instant3Dhub platform, which supports visualization, virtual reality (VR), and augmented reality (AR) applications primarily for the automotive, aerospace, and energy sectors. The platform is designed for high-performance visual computing and facilitates the use of large data sets across various applications and devices. It features a 3D streaming architecture, built-in 3D spaces for collaborative context sharing, and a unified application programming interface. By directly integrating with business data and sensors, Threedy enables customers to leverage 3D data models to drive digital innovation, enhance products and services, and optimize business processes, ultimately leading to simplified operations and cost savings.

Innerspace

Venture Round in 2020
Innerspace GmbH, founded in 2017 and based in Wattens, Austria, specializes in developing virtual reality (VR) training solutions tailored for the life science industry, particularly for cleanroom operators. The company's innovative approach, known as DeepTraining, leverages psychological principles to enhance the training experience, allowing employees to practice critical tasks in a simulated environment. This method helps deepen their understanding of production processes and refine their behavior patterns in high-stakes settings. Innerspace also provides a Training Management System (TMS) for effective enterprise-wide distribution of its training modules, along with the necessary VR hardware. By decoupling training from physical equipment, Innerspace aims to minimize errors in pharmaceutical operations, reduce training costs, and improve risk assessment, making its solutions highly beneficial for international pharmaceutical companies.

Threedium

Seed Round in 2019
Threedium Limited, based in London and incorporated in 2017, develops a cloud-based platform that enhances online brand experiences by enabling the creation of interactive three-dimensional (3D) and augmented reality (AR) advertisements and product configurators. This technology allows businesses to transform static images into dynamic 3D models that can be seamlessly integrated across various digital channels and devices, improving engagement and facilitating personalized customer experiences. Threedium's solutions are designed to bridge the gap between online and in-store interactions, permitting customers to visualize and customize products in real-time, which increases product consideration and purchasing intent. The platform serves a wide range of industries, helping brands create memorable experiences that drive conversions and foster customer loyalty.

8sense

Seed Round in 2019
8sense is the first smart back sensor and coach for the office, combining postion and movement analysis with realtime interaction and training. Games and challenges motivates you to take care about your back before it's too late.

R3DT

Seed Round in 2018
R3DT GmbH, based in Germany, specializes in providing innovative virtual reality (VR) solutions tailored for industrial manufacturing and work planning. The company, a spin-off from the Karlsruhe Institute of Technology (KIT), offers a VR software tool that enables businesses of all sizes to enhance efficiency across various processes, including development, sales, marketing, training, and maintenance. By leveraging R3DT's technology, organizations can accelerate product planning and implementation, as well as create immersive sales presentations that showcase products in their true size and a 360-degree view. The company's approach emphasizes collaboration among customers, suppliers, and employees to achieve superior outcomes in operational workflows.

VirtualQ

Series A in 2018
virtualQ GmbH, founded in 2014 and based in Berlin, Germany, specializes in providing innovative call waiting services for call centers and hotlines. The company offers a Call-In and Call-Back solution that effectively eliminates waiting times, balancing excellent customer service with cost efficiency. During peak periods, virtualQ holds the caller's place in line when wait times exceed a specified threshold. Callers receive notifications when it is their turn and are subsequently connected to the next available agent. The virtualQ service is accessible through various platforms, including voice, web, and mobile applications, enhancing the overall customer experience.

Reactive Robotics

Series B in 2017
Reactive Robotics GmbH, founded in April 2015 in Munich, Germany, specializes in the design, manufacture, and sale of rehabilitation robots aimed at facilitating early movement rehabilitation following neurological injuries and orthopedic surgeries. The company's robots are specifically tailored for gait rehabilitation in neurological patients and for use in orthopedic patients recovering from joint replacement procedures. With a team that brings over a decade of experience in rehabilitation robotics and extensive startup knowledge, Reactive Robotics has established a robust clinical network to advance its innovations. The company benefits from a diverse group of advisors who offer guidance in engineering, legal matters, and the regulatory processes necessary for medical device registration, ensuring a comprehensive approach to its operations.

VMRay

Series A in 2016
VMRay GmbH specializes in developing advanced software for malware analysis and detection, utilizing innovative hardware virtualization techniques. Founded in 2013 and based in Bochum, Germany, the company offers a suite of products, including VMRay Analyzer for comprehensive malware analysis, VMRay Detector for automated threat detection, VMRay Investigator for digital forensics, and VMRay Email Threat Defender to combat phishing attacks. The VMRay Platform features an agentless, hypervisor-based sandbox that provides high evasion resistance and complete visibility into malware behavior, allowing organizations to accurately monitor and understand malicious activities without altering the analysis environment. This capability results in precise threat detection with minimal false positives, streamlining incident response and enhancing cybersecurity efficiency. VMRay's software empowers businesses to safeguard their assets and infrastructure while delivering critical intelligence for forensic analysis of intrusion attempts.

immersight

Venture Round in 2016
ImmerSight GmbH is a German company specializing in virtual reality solutions, particularly through its innovative ImmerSight glasses. These glasses create a high level of spatial perception by providing individual images for each eye, resulting in a vivid three-dimensional experience. The ImmerSight system can be utilized with various notebooks, allowing users to visualize interior designs in real-time during the planning phases. This technology is integrated with PaletteCAD, a 3D architecture software that supports various applications, including interior design, construction of custom features, and real estate marketing. Additionally, ImmerSight offers the 3D-Showroom platform, a software solution tailored for virtual exhibitions. Founded in 2012 and based in Ulm, Germany, ImmerSight continues to expand its offerings in the realm of immersive virtual experiences across multiple industries.

Reactive Robotics

Series A in 2016
Reactive Robotics GmbH, founded in April 2015 in Munich, Germany, specializes in the design, manufacture, and sale of rehabilitation robots aimed at facilitating early movement rehabilitation following neurological injuries and orthopedic surgeries. The company's robots are specifically tailored for gait rehabilitation in neurological patients and for use in orthopedic patients recovering from joint replacement procedures. With a team that brings over a decade of experience in rehabilitation robotics and extensive startup knowledge, Reactive Robotics has established a robust clinical network to advance its innovations. The company benefits from a diverse group of advisors who offer guidance in engineering, legal matters, and the regulatory processes necessary for medical device registration, ensuring a comprehensive approach to its operations.

VirtualQ

Seed Round in 2015
virtualQ GmbH, founded in 2014 and based in Berlin, Germany, specializes in providing innovative call waiting services for call centers and hotlines. The company offers a Call-In and Call-Back solution that effectively eliminates waiting times, balancing excellent customer service with cost efficiency. During peak periods, virtualQ holds the caller's place in line when wait times exceed a specified threshold. Callers receive notifications when it is their turn and are subsequently connected to the next available agent. The virtualQ service is accessible through various platforms, including voice, web, and mobile applications, enhancing the overall customer experience.

gestigon

Series A in 2015
gestigon GmbH, founded in 2011 and based in Lübeck, Germany, specializes in 3D image processing software for body and gesture recognition. The company develops middleware algorithms that utilize 3D depth sensors to track human poses, recognize gestures, and identify biometric features. Its solutions are predominantly applied in the automotive industry to enhance driver and passenger monitoring within vehicle cabins, as well as to improve cabin comfort and driving assistance. In addition, gestigon offers augmented reality and virtual reality interaction design services, enabling users to control electronic devices through gestures without physical contact. As of early 2017, gestigon operates as a subsidiary of Valeo SA, a leading global automotive supplier, which has facilitated the company's growth and expansion in the market.

gestigon

Series A in 2014
gestigon GmbH, founded in 2011 and based in Lübeck, Germany, specializes in 3D image processing software for body and gesture recognition. The company develops middleware algorithms that utilize 3D depth sensors to track human poses, recognize gestures, and identify biometric features. Its solutions are predominantly applied in the automotive industry to enhance driver and passenger monitoring within vehicle cabins, as well as to improve cabin comfort and driving assistance. In addition, gestigon offers augmented reality and virtual reality interaction design services, enabling users to control electronic devices through gestures without physical contact. As of early 2017, gestigon operates as a subsidiary of Valeo SA, a leading global automotive supplier, which has facilitated the company's growth and expansion in the market.

immersight

Seed Round in 2014
ImmerSight GmbH is a German company specializing in virtual reality solutions, particularly through its innovative ImmerSight glasses. These glasses create a high level of spatial perception by providing individual images for each eye, resulting in a vivid three-dimensional experience. The ImmerSight system can be utilized with various notebooks, allowing users to visualize interior designs in real-time during the planning phases. This technology is integrated with PaletteCAD, a 3D architecture software that supports various applications, including interior design, construction of custom features, and real estate marketing. Additionally, ImmerSight offers the 3D-Showroom platform, a software solution tailored for virtual exhibitions. Founded in 2012 and based in Ulm, Germany, ImmerSight continues to expand its offerings in the realm of immersive virtual experiences across multiple industries.

HoloBuilder

Seed Round in 2014
HoloBuilder Inc., based in San Francisco, is a construction technology company that specializes in artificial intelligence-driven software solutions for documenting construction site progress. Founded in 2015, HoloBuilder offers a web-based platform that leverages 360° imagery, computer vision, and virtual reality to provide comprehensive documentation and project management tools. The platform integrates seamlessly with Autodesk BIM 360, allowing users to capture and organize construction progress through photos linked to specific locations and times. This subscription-based service enables construction professionals, engineers, and clients to virtually visit project sites at any time, enhancing oversight and decision-making. HoloBuilder's technology is utilized by many of the largest general contractors in the United States, demonstrating its significant impact on the construction industry. The company has attracted investment from various venture capital firms, positioning itself as a leader in construction documentation solutions.

bitstars

Seed Round in 2014
bitstars is located in Aachen, Germany and is doing the research & development for HoloBuilder, Inc., the San Francisco-based construction technology company that designs, develops, and sells enterprise SaaS software. HoloBuilder offers reality capturing solutions for progress documentation and construction project management. Making use of 360° imagery data, computer vision, and artificial intelligence, HoloBuilder is the fastest and most insightful solution to document construction projects. HoloBuilder is being used by 59 of the largest 100 General Contractors in the United States. Its investors include Brick and Mortar Ventures, Tandem Capital, E.ON, Foundamental, and NRW.BANK.

VMRay

Seed Round in 2014
VMRay GmbH specializes in developing advanced software for malware analysis and detection, utilizing innovative hardware virtualization techniques. Founded in 2013 and based in Bochum, Germany, the company offers a suite of products, including VMRay Analyzer for comprehensive malware analysis, VMRay Detector for automated threat detection, VMRay Investigator for digital forensics, and VMRay Email Threat Defender to combat phishing attacks. The VMRay Platform features an agentless, hypervisor-based sandbox that provides high evasion resistance and complete visibility into malware behavior, allowing organizations to accurately monitor and understand malicious activities without altering the analysis environment. This capability results in precise threat detection with minimal false positives, streamlining incident response and enhancing cybersecurity efficiency. VMRay's software empowers businesses to safeguard their assets and infrastructure while delivering critical intelligence for forensic analysis of intrusion attempts.

Inreal Technologies

Venture Round in 2013
Inreal Technologies GmbH, founded in 2011 and headquartered in Karlsruhe, Germany, specializes in virtual reality solutions for architecture visualization. The company provides tools that enable clients to immerse themselves in planned environments using VR goggles, enhancing decision-making capabilities for both residential and commercial real estate projects. Inreal Technologies has expanded its presence with office locations in Switzerland and New York, reflecting its commitment to serving a global market in the real estate sector.

gestigon

Seed Round in 2013
gestigon GmbH, founded in 2011 and based in Lübeck, Germany, specializes in 3D image processing software for body and gesture recognition. The company develops middleware algorithms that utilize 3D depth sensors to track human poses, recognize gestures, and identify biometric features. Its solutions are predominantly applied in the automotive industry to enhance driver and passenger monitoring within vehicle cabins, as well as to improve cabin comfort and driving assistance. In addition, gestigon offers augmented reality and virtual reality interaction design services, enabling users to control electronic devices through gestures without physical contact. As of early 2017, gestigon operates as a subsidiary of Valeo SA, a leading global automotive supplier, which has facilitated the company's growth and expansion in the market.

Data Virtuality

Seed Round in 2012
Data Virtuality is a data integration and management platform that facilitates instant data access and centralization while enhancing data governance. It allows organizations to integrate and manage data from multiple sources through a unified interface, significantly reducing data integration efforts by up to 80%. The platform features two main solutions: the Logical Data Warehouse, which creates a reliable virtual layer for improved data quality and governance, and Pipes, a user-friendly tool for data replication that enables integration from over 200 data sources into any data warehouse within five minutes, without the need for coding or API maintenance. Numerous prominent companies, including Bosch, Audi, and DHL, along with various financial institutions and small to medium-sized enterprises, utilize Data Virtuality's offerings to optimize their data utilization and gain timely insights.

EyeSight & Vision

Seed Round in 2011
Eyesight & Vision GmbH, founded in 2010 and based in Nürnberg, Germany, specializes in the development and marketing of diagnostic equipment for refractive errors, particularly in the context of cataract surgery. The company produces the Intraoperative Ocular Wavefront Aberrometer (I-O-W-A), which assists surgeons in optimizing the selection and positioning of intraocular lenses (IOLs). This innovative system employs patented "flying spot" technology to deliver real-time measurements of refractive errors and features a 3D Head-Up Display for binocular input reflection. By integrating seamlessly with existing surgical microscopes, the I-O-W-A aims to enhance the predictability of refractive outcomes and improve overall patient satisfaction during lens surgery.

Caterna

Venture Round in 2011
Caterna Vision GmbH, based in Potsdam, Germany, specializes in the development and marketing of treatment software for ophthalmological applications, particularly focusing on amblyopia, commonly known as lazy eye. The company provides a telemedical therapy platform that allows physicians to offer visual training as a supplementary treatment to traditional occlusion therapy for children. This innovative e-health solution enables patients to engage in web-based exercises combined with interactive online games, enhancing their therapy experience from the comfort of their homes. Through its platform, Caterna aims to improve visual acuity and stimulate the brain's connection with the eye, making it a significant player in the field of pediatric ophthalmology.

Fliplife

Series A in 2011
Fliplife is an international browser-based life simulation game platform that allows players to create their virtual identities and pursue their dream jobs. Users can engage in multiplayer projects, participate in various activities, and build friendships within the game. Fliplife distinguishes itself by incorporating crowdsourcing concepts and collaborating with established brands, enhancing the gaming experience beyond traditional gameplay. Players can spend both virtual and real money on in-game items, making it a dynamic platform where social interaction and personal development are central to the experience.

Vioso

Series B in 2010
VIOSO GmbH, founded in 2007 and based in Düsseldorf, Germany, specializes in automatic digital edge-blending and geometry alignment solutions for various visual applications. The company offers a range of products including VIOSO player, a professional video playback software designed for custom screen surfaces such as fulldome displays and 3D objects; VIOSO Anyblend, an embedded solution for simulators and digital signage; and wings VIOSO, a media server for large events and installations. VIOSO also provides high-resolution display solutions with products like the VIOSO Blackbox 4K and auto-alignment technology for video walls. Additionally, the company offers training services to support its clients. With a focus on enhancing presentation experiences, VIOSO continues to develop innovative software that simplifies the setup of complex projection systems.

Vioso

Series A in 2008
VIOSO GmbH, founded in 2007 and based in Düsseldorf, Germany, specializes in automatic digital edge-blending and geometry alignment solutions for various visual applications. The company offers a range of products including VIOSO player, a professional video playback software designed for custom screen surfaces such as fulldome displays and 3D objects; VIOSO Anyblend, an embedded solution for simulators and digital signage; and wings VIOSO, a media server for large events and installations. VIOSO also provides high-resolution display solutions with products like the VIOSO Blackbox 4K and auto-alignment technology for video walls. Additionally, the company offers training services to support its clients. With a focus on enhancing presentation experiences, VIOSO continues to develop innovative software that simplifies the setup of complex projection systems.

StageSpace AG

Seed Round in 2008
Die StageSpace AG entwickelt und vermarktet 3D-Lösungen für Agenturen und Communities

Vioso

Series A in 2007
VIOSO GmbH, founded in 2007 and based in Düsseldorf, Germany, specializes in automatic digital edge-blending and geometry alignment solutions for various visual applications. The company offers a range of products including VIOSO player, a professional video playback software designed for custom screen surfaces such as fulldome displays and 3D objects; VIOSO Anyblend, an embedded solution for simulators and digital signage; and wings VIOSO, a media server for large events and installations. VIOSO also provides high-resolution display solutions with products like the VIOSO Blackbox 4K and auto-alignment technology for video walls. Additionally, the company offers training services to support its clients. With a focus on enhancing presentation experiences, VIOSO continues to develop innovative software that simplifies the setup of complex projection systems.

VisuMotion

Series A in 2007
The VisuMotion Team consists of accredited experts having profound and long-lasting experience in the field of 3D visualisation. Their team members have been involved in far more than 100 protective right applications pertaining to 3D visualization and have been instrumental in the development of the world-wide largest glasses-free Multi-View 3D-display, the first live/live broadcast from a stereocamera onto a Multi-View 3D-display, the first glasses-free 3D projection suited for daylight as well as in various Cutting Edge software products for spatial representation.

VisuMotion

Venture Round in 2006
The VisuMotion Team consists of accredited experts having profound and long-lasting experience in the field of 3D visualisation. Their team members have been involved in far more than 100 protective right applications pertaining to 3D visualization and have been instrumental in the development of the world-wide largest glasses-free Multi-View 3D-display, the first live/live broadcast from a stereocamera onto a Multi-View 3D-display, the first glasses-free 3D projection suited for daylight as well as in various Cutting Edge software products for spatial representation.

eWave Interactive

Venture Round in 2006
eWave Interactive GmbH offers multiagent and AI technology that enables the video game industry to develop video and mobile games. Its products include eWave GameServer, a platform for multiplayer mobile games using GPRS or UMTS; eWave LicenceServer, a tool for copyright protection of video and mobile games; and eWave Synapse, an AI engine based on argumentation technology. eWave Interactive GmbH was founded in 2006 and is based in Ravensburg, Germany.
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