HTGF | High-Tech Gruenderfonds

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.

Jens Baumgärtner

Senior Investment Manager

Nicolas Kirschner

Investment Manager

Katharina Peters

Investment Manager

Claudia Raber

Partner

Past deals in Embedded Software

Synthara

Venture Round in 2024
Synthara is a Swiss semiconductor company focused on in-memory computing for embedded chips and smart sensor applications. It develops ComputeRAM, a drop-in memory-based compute technology that performs complex calculations directly in memory, reducing CPU workload and improving performance for AI workloads. The technology targets energy-constrained environments and applications including wearables, hearing aids, biomedical monitoring, AR/VR, and industrial IoT sensors, as well as drones, autonomous navigation, space, aerospace, and automotive use cases. Synthara's approach is processor-agnostic and can be integrated with existing microcontrollers to boost energy efficiency and latency without redesigning silicon. The company supports chipmakers and device manufacturers seeking lower costs, shorter time to market, and greater computational throughput. Based in Zurich, Synthara emphasizes enabling seamless adoption of in-memory computing across embedded platforms to extend battery life and unlock new opportunities for intelligent sensing.

Emproof

Seed Round in 2022
Emproof, founded in 2019 and headquartered in Eindhoven, Netherlands, specializes in security solutions for embedded systems. The company develops a security platform aimed at safeguarding the intellectual property within embedded software. Emproof's platform addresses various layers of the software security stack, employing formally verified code transformations to protect against industrial espionage. By ensuring robust security properties, Emproof enables its clients to meet essential functional safety requirements in their systems.

Senodis

Seed Round in 2022
Senodis is a company focused on advancing the digital transformation of the industrial sector, particularly in the metal industry. It specializes in developing innovative industrial automation technology that continuously identifies hot-formed metal components. By leveraging its expertise in materials research, optical sensors, and digital data analysis, Senodis addresses the challenges of digitization, providing essential solutions and applications that enhance production processes. The company aims to create transparency for its clients, enabling them to reduce costs effectively and improve operational efficiency through tailored technological advancements.

Ceregate

Series A in 2022
CereGate GmbH is a brain-machine interface company based in Hamburg, Germany, with an additional office in San Diego, California. Founded in 2019, the company focuses on developing a computer-brain interface (CBI) technology that enhances the programming of neuromodulation systems. This innovative platform allows for the direct transmission of information into human consciousness, utilizing existing neuromodulation implants to improve medical treatments. CereGate's technology aims to support patients with neurological disorders or sensory deficits by providing new therapeutic options that enable them to adapt and enhance their conditions independently. The company's approach encompasses a broad range of applications, from sensory substitution to gait improvement.

Banxware

Seed Round in 2022
Founded in 2020, Banxware specializes in embedded lending solutions for platform-based businesses, fintechs, and banks. Its data-driven technology integrates seamlessly into platforms, enabling SMEs, e-commerce sellers, and restaurant owners to access liquidity. Headquartered in Berlin with over 50 employees, the company facilitates tailored embedded lending solutions across Europe.

Banxware

Seed Round in 2021
Founded in 2020, Banxware specializes in embedded lending solutions for platform-based businesses, fintechs, and banks. Its data-driven technology integrates seamlessly into platforms, enabling SMEs, e-commerce sellers, and restaurant owners to access liquidity. Headquartered in Berlin with over 50 employees, the company facilitates tailored embedded lending solutions across Europe.

Synthara

Seed Round in 2020
Synthara is a Swiss semiconductor company focused on in-memory computing for embedded chips and smart sensor applications. It develops ComputeRAM, a drop-in memory-based compute technology that performs complex calculations directly in memory, reducing CPU workload and improving performance for AI workloads. The technology targets energy-constrained environments and applications including wearables, hearing aids, biomedical monitoring, AR/VR, and industrial IoT sensors, as well as drones, autonomous navigation, space, aerospace, and automotive use cases. Synthara's approach is processor-agnostic and can be integrated with existing microcontrollers to boost energy efficiency and latency without redesigning silicon. The company supports chipmakers and device manufacturers seeking lower costs, shorter time to market, and greater computational throughput. Based in Zurich, Synthara emphasizes enabling seamless adoption of in-memory computing across embedded platforms to extend battery life and unlock new opportunities for intelligent sensing.

Ceregate

Series A in 2020
CereGate GmbH is a brain-machine interface company based in Hamburg, Germany, with an additional office in San Diego, California. Founded in 2019, the company focuses on developing a computer-brain interface (CBI) technology that enhances the programming of neuromodulation systems. This innovative platform allows for the direct transmission of information into human consciousness, utilizing existing neuromodulation implants to improve medical treatments. CereGate's technology aims to support patients with neurological disorders or sensory deficits by providing new therapeutic options that enable them to adapt and enhance their conditions independently. The company's approach encompasses a broad range of applications, from sensory substitution to gait improvement.

emteria

Seed Round in 2020
emteria develops a managed custom Android platform for industrial applications, providing a customizable embedded Android OS that supports building, extending and maintaining industrial devices. The offering combines Android’s user experience with enterprise features such as kiosk mode, remote device access, extended configuration management, and robust cybersecurity to meet industry requirements. It includes cloud-enabled services for over-the-air firmware updates, device management, automatic updates, and data monitoring, enabling clients to deploy, manage and scale Android-based IoT devices. The company operates a cloud infrastructure to securely deliver updates and controls across fleets of devices. Founded in 2017 and based in Aachen, Germany, emteria serves global customers across professional and niche industrial markets.

Ceregate

Venture Round in 2020
CereGate GmbH is a brain-machine interface company based in Hamburg, Germany, with an additional office in San Diego, California. Founded in 2019, the company focuses on developing a computer-brain interface (CBI) technology that enhances the programming of neuromodulation systems. This innovative platform allows for the direct transmission of information into human consciousness, utilizing existing neuromodulation implants to improve medical treatments. CereGate's technology aims to support patients with neurological disorders or sensory deficits by providing new therapeutic options that enable them to adapt and enhance their conditions independently. The company's approach encompasses a broad range of applications, from sensory substitution to gait improvement.

Inecosys

Seed Round in 2018
Inecosys GmbH is an innovative company based in Munich, Germany, specializing in the development and manufacturing of engine systems and subsystems. Founded in 2014, Inecosys focuses on creating solutions for test bench control, data acquisition, cylinder pressure indexing, and engine control units. The company provides software interfaces that facilitate the testing of engine control systems, supporting clients in the transition from prototypes to production-ready solutions. By utilizing their RSD development platform, Inecosys enables clients to implement control and measurement systems efficiently, ensuring cost-effectiveness and flexibility through automated and agile methodologies.

BlueID GmbH

Venture Round in 2017
BlueID GmbH, founded in 2006 and based in Munich, Germany, specializes in mobile access control solutions that allow users to interact with various objects through their smartphones. The company has pioneered the concept of a digital key ring for mobile devices, facilitating identification, access control, authentication, and secure command execution. BlueID's innovative platform integrates smoothly into applications, backend systems, and existing hardware, making it versatile for various industries. Initially rooted in developing security technology for the automotive sector, BlueID has since broadened its product range to include applications in facility management and information technology, positioning itself as a leader in secure mobile access solutions.

Synapticon

Venture Round in 2017
Synapticon specializes in advanced motion control technology for robotics and machinery. Founded in 2010, the company integrates discrete components like motors, drives, sensors, and gearboxes into seamless units, digitalizing performance factors. This enables clients to create servo drives with certified safety functions, serving industries such as robotics, automation, and machinery.

Evalu

Seed Round in 2016
evalu.run: The first running app that can tell you - based on your biomechanics - how fast you should run to maximize the training effect. evalu is a Software / mobile apps company that utilizes biomedical/biomechanical user data from a textile force sensor to offer personalized sports- and rehabilitation products. To gather the necessary data, the company offers the world's first mobile running coach (app) that can tell athletes which intensity (speed, distance, etc) is best for their training, based on their performance and a constant gait analysis during their run. This massively increases training efficiency and limits the risk of injury.

CommSolid

Seed Round in 2016
CommSolid GmbH is a cellular intellectual property company specializing in ultra-low power modem solutions targeted at the Internet of Things (IoT) market. Founded in 2015 and based in Dresden, Germany, the company offers a baseband IP solution that can be integrated into customer integrated circuits, enabling efficient communication for various applications, including health care, smart homes, transport, logistics, and industrial systems. Their flagship product, the CommSolid CSN130, is designed specifically for ultra-low power cellular communication, facilitating direct connectivity of sensors and multiple devices to Internet-based networks. With over a decade of experience in wireless communication, CommSolid possesses unique capabilities for delivering highly optimized and easily integrable solutions to meet the demands of the rapidly expanding IoT landscape. As of 2018, CommSolid operates as a subsidiary of Goodix Technology.

CorTec

Series B in 2016
CorTec specializes in developing innovative medical devices for neuromodulation and brain-computer interfaces. Its flagship product is the CorTec Brain Interchange™ System, featuring flexible electrode arrays and a hermetically sealed electronics unit with custom microchip technology. The system enables permanent brain recordings and stimulation without the need for battery replacement surgery.

Revobotik

Seed Round in 2015
Revobotik specializes in the development of advanced robotic devices aimed at simplifying and automating mass production processes. Utilizing an innovative circular drive system, the company enhances the performance of Delta robots during continuous operation, achieving significant improvements in payload capacity and operational speed. This approach allows for a remarkable increase in load-bearing capability—up to 50% more compared to traditional articulated systems—while reducing the need for frequent acceleration and deceleration. Revobotik's robots are designed to meet the specific needs of small and medium-sized enterprises, enabling these businesses to innovate in their machine layouts and enhance productivity through tailored solutions.

Enoware

Seed Round in 2015
Enoware specializes in mobile sensor systems designed for the geothermal energy sector. The company offers a miniaturized geothermal measuring capsule that enhances the efficiency and quality of geothermal probes. Its technology allows users to access vital environmental data through an online portal and smartphone application, facilitating system monitoring, optimization, and operational safety. With over 300,000 geothermal probes currently in operation in Germany and an annual addition of 20,000 new systems, Enoware is positioned to expand its customer base and contribute to the growing demand for sustainable energy solutions.

EnShape

Seed Round in 2015
EnShape GmbH, founded in 2014 and headquartered in Jena, Germany, specializes in the development, commercialization, and distribution of three-dimensional (3D) sensors tailored for industrial applications. The company offers a range of customer-specific sensor solutions for optical 3D metrology, focusing on the precise measurement of surfaces and shapes. EnShape's primary product, the EnShape 3D sensor, delivers dense and accurate measurement data at high rates, making it suitable for various applications, including inline quality control, surface inspection, and robotic assistance systems. The company's sensors are designed to operate efficiently across different fields of view and working distances, achieving measurement and reconstruction rates of up to 30Hz. In addition to product development, EnShape provides after-sales support and conducts trials and feasibility studies to enhance its offerings. As of late 2016, EnShape operates as a subsidiary of Cognex Corporation.

Preventicus

Seed Round in 2014
Founded in 2014 and headquartered in Jena, Germany, Preventicus develops certified medical device software for smartphones and smartwatches. Its primary product, Preventicus Heartbeats, identifies atrial fibrillation for stroke prevention by analyzing patients' vital parameters, enabling early detection of lifestyle-related illnesses.

siOPTICA

Venture Round in 2013
siOPTICA develops display privacy solutions that enable on-demand visual privacy by integrating into liquid crystal displays to screen data from unauthorized views. Founded in 2013 and based in Jena, Germany, the company serves sectors including banking, payment, automotive, and consumer electronics, offering licensed technology, key components, and displays with integrated switchable privacy features.

Synapticon

Seed Round in 2012
Synapticon specializes in advanced motion control technology for robotics and machinery. Founded in 2010, the company integrates discrete components like motors, drives, sensors, and gearboxes into seamless units, digitalizing performance factors. This enables clients to create servo drives with certified safety functions, serving industries such as robotics, automation, and machinery.

Cuciniale

Venture Round in 2012
Cuciniale develops intelligent cooking assistance systems for consumers. Their three-piece system includes a cooktop, gourmet sensor, and pilot app that optimizes heat and cooking time, guides users through recipes, and ensures professional-level cooking results at home.

CorTec

Seed Round in 2011
CorTec specializes in developing innovative medical devices for neuromodulation and brain-computer interfaces. Its flagship product is the CorTec Brain Interchange™ System, featuring flexible electrode arrays and a hermetically sealed electronics unit with custom microchip technology. The system enables permanent brain recordings and stimulation without the need for battery replacement surgery.

Microstim

Venture Round in 2011
Microstim GmbH specializes in the development of implantable myostimulators aimed at assisting cardiac function while preserving tissue integrity. The company's innovative device enables muscle-powered cardiac assistance, allowing patients to monitor stimulation loads and mitigate the risks associated with overstimulation. Microstim's strengths lie in its advanced microcontroller technology, which facilitates the acquisition and processing of data, as well as the control of cardiac and muscle stimulator impulses. Additionally, the device features wireless communication capabilities for in-body monitoring. In recognition of its innovative approach, Microstim was honored as one of the winners in the concept phase category at the national business plan contest "Science4Life" in 2008.

eyefactive

Venture Round in 2011
Eyefactive develops interactive multimedia systems featuring multi-touch and multi-motion technology. They offer LCD systems like multitouch displays and video walls, along with software including touchscreen apps and object recognition technology. Founded in 2009, the company is based in Wedel, Germany.

BlueID GmbH

Venture Round in 2011
BlueID GmbH, founded in 2006 and based in Munich, Germany, specializes in mobile access control solutions that allow users to interact with various objects through their smartphones. The company has pioneered the concept of a digital key ring for mobile devices, facilitating identification, access control, authentication, and secure command execution. BlueID's innovative platform integrates smoothly into applications, backend systems, and existing hardware, making it versatile for various industries. Initially rooted in developing security technology for the automotive sector, BlueID has since broadened its product range to include applications in facility management and information technology, positioning itself as a leader in secure mobile access solutions.

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 like fulldome displays, and VIOSO Anyblend, an embedded warping and blending solution suitable for simulators, signage, and interactive experiences. VIOSO also provides technology for military and non-commercial simulators with its Anyblend VR & SIM product, as well as a media server solution, Wings VIOSO, for large venues and events. Additional offerings include high-resolution display solutions like VIOSO Blackbox 4K, autoalignment for video walls, and fulldome solutions for immersive content display. The company is committed to enhancing presentations and delivering innovative software solutions, leveraging expertise and experience gained since its inception.

Microstim

Seed Round in 2009
Microstim GmbH specializes in the development of implantable myostimulators aimed at assisting cardiac function while preserving tissue integrity. The company's innovative device enables muscle-powered cardiac assistance, allowing patients to monitor stimulation loads and mitigate the risks associated with overstimulation. Microstim's strengths lie in its advanced microcontroller technology, which facilitates the acquisition and processing of data, as well as the control of cardiac and muscle stimulator impulses. Additionally, the device features wireless communication capabilities for in-body monitoring. In recognition of its innovative approach, Microstim was honored as one of the winners in the concept phase category at the national business plan contest "Science4Life" in 2008.

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 like fulldome displays, and VIOSO Anyblend, an embedded warping and blending solution suitable for simulators, signage, and interactive experiences. VIOSO also provides technology for military and non-commercial simulators with its Anyblend VR & SIM product, as well as a media server solution, Wings VIOSO, for large venues and events. Additional offerings include high-resolution display solutions like VIOSO Blackbox 4K, autoalignment for video walls, and fulldome solutions for immersive content display. The company is committed to enhancing presentations and delivering innovative software solutions, leveraging expertise and experience gained since its inception.

mimoOn

Venture Round in 2008
mimoOn GmbH is a pioneer in the development of LTE software for mobile devices and wireless infrastructure, specializing in end-to-end software implementation and system design on Software Defined Radio (SDR) platforms. The company offers a range of scalable and modular infrastructure software solutions, including mi!Femto and mi!Pico for small cells, as well as mi!Mobile for terminal devices. Its offerings encompass physical layer and protocol stack development, advanced scheduling, self-organizing network support, and IP development focused on advanced PHY algorithms for multi-core SDR platforms. Additionally, mimoOn provides comprehensive services for porting, optimization, and verification, along with a strategic roadmap to align with future 3GPP releases.

BlueID GmbH

Venture Round in 2008
BlueID GmbH, founded in 2006 and based in Munich, Germany, specializes in mobile access control solutions that allow users to interact with various objects through their smartphones. The company has pioneered the concept of a digital key ring for mobile devices, facilitating identification, access control, authentication, and secure command execution. BlueID's innovative platform integrates smoothly into applications, backend systems, and existing hardware, making it versatile for various industries. Initially rooted in developing security technology for the automotive sector, BlueID has since broadened its product range to include applications in facility management and information technology, positioning itself as a leader in secure mobile access solutions.

microNet Automation

Seed Round in 2008
microNet Automation GmbH, founded in 2005 and based in Grasbrunn, Germany, specializes in innovative communication solutions for various automation sectors. The company offers a range of products centered around its microX software platform, including microX.server, which integrates digital field devices and Ethernet communication into a single controller. Additional offerings include microX.commander for system configuration, microX.driver for integrating existing field devices, and microX.engine for interfacing control programs. The company also provides microX.io, which features interoperable field devices, and microX.gate, decentralized gateways for device connectivity. Moreover, microX.port facilitates communication with supervisory systems and enables the interconnection of microX.servers. microNet's solutions cater to diverse industries such as building automation, process automation, discrete manufacturing, energy management, and wastewater treatment, positioning the company as a key player in the automation landscape.

CONTROS Systems & Solutions

Seed Round in 2008
CONTROS Systems & Solutions GmbH is a German company based in Kiel that specializes in the development, production, and marketing of underwater sensor systems. The company focuses on detecting dissolved gases, including hydrocarbons, carbon dioxide, and oxygen, as well as measuring pH and total alkalinity. By providing advanced subsea gas measurement and environmental monitoring solutions, CONTROS plays a critical role in ensuring effective monitoring of underwater environments and addressing environmental concerns related to gas emissions.

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 like fulldome displays, and VIOSO Anyblend, an embedded warping and blending solution suitable for simulators, signage, and interactive experiences. VIOSO also provides technology for military and non-commercial simulators with its Anyblend VR & SIM product, as well as a media server solution, Wings VIOSO, for large venues and events. Additional offerings include high-resolution display solutions like VIOSO Blackbox 4K, autoalignment for video walls, and fulldome solutions for immersive content display. The company is committed to enhancing presentations and delivering innovative software solutions, leveraging expertise and experience gained since its inception.

Kröhnert Infotecs

Venture Round in 2007
Kröhnert Infotecs GmbH specializes in the development and production of embedded systems for condition monitoring. Based in Baden, Germany, the company focuses on preventing failures in technical machines by analyzing their behavior, including noise and parameters. Kröhnert's solutions help manufacturers and operators recognize early signs of potential machine failures and deviations in performance. The company provides tools for condition monitoring and tele service to support the maintenance and operation of technical machines and plants.

mimoOn

Venture Round in 2006
mimoOn GmbH is a pioneer in the development of LTE software for mobile devices and wireless infrastructure, specializing in end-to-end software implementation and system design on Software Defined Radio (SDR) platforms. The company offers a range of scalable and modular infrastructure software solutions, including mi!Femto and mi!Pico for small cells, as well as mi!Mobile for terminal devices. Its offerings encompass physical layer and protocol stack development, advanced scheduling, self-organizing network support, and IP development focused on advanced PHY algorithms for multi-core SDR platforms. Additionally, mimoOn provides comprehensive services for porting, optimization, and verification, along with a strategic roadmap to align with future 3GPP releases.

Symtavision

Venture Round in 2006
Symtavision GmbH is a provider of timing-analysis solutions aimed at processors, control units, buses, and integration within the automotive and consumer electronics sectors. Established in 2005 and headquartered in Braunschweig, Germany, the company specializes in identifying bottlenecks caused by software and system integration, debugging timing errors, and optimizing system performance. Symtavision's product offerings include an analysis engine, various plug-ins, and import/export interfaces that facilitate efficient system evaluation. In addition to its software tools, the company provides a range of services such as custom analyses, tool integration, performance specification support between OEMs and suppliers, and optimization services tailored to specific data sets. This combination of products and services enables clients to enhance the functioning of their embedded real-time systems effectively.

Particle Computer GmbH

Seed Round in 2005
Particle Computer is engaged in the development of sensor network technology solutions in Europe. It offers devices, circuits, boards, and various other parts to sense physical phenomena via sensors, compute the data on the sensor node, and to communicate the resulting information to other IT systems. Particle Computer is headquartered in Karlsruhe, Germany.
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