High-Tech Gründerfonds, which looks like is in an investment spree, and BBAF Business Angels Fondsgesellschaft have invested €550,000 into car diagnostics software startup Autoaid
Flash: HTGF and BBAF invest half a million in Autoaid
Posted by On October - 29 - 2009
Yoochoose gets its seed round from High Tech Gruenderfonds
Posted by On October - 26 - 2009
German startup Yoochoose just closed its seed-round with High Tech Gruenderfonds and the Connected Life and Work Fund which is managed by T-Venture.
The Cologne-based company is a spin-off from Deutsche Telekom Laboratories and provides its customers with a high-end recommendation engine.
HTGF is a really impressive VC, they’re very active at the moment and are really pushing in this end-of-recession stage. The amount of the round was not disclosed, but we understand it will allow the company to improve their product in order to offer it to a diverse kind of customers such as e-commerce, media and publishing companies.
“It increasingly becomes a critical success factor for eCommerce companies to offer to its customers the right value at the right time. With a Recommender System as advanced as the YOOCHOOSE engine you know your customer and create a unique selling point,” says Oliver Fietz, Fund Manager T-Venture. “Besides the team we are convinced by the B2B-business model. This made our investment decision easy.”
The company was just founded last February by Dr. Alkemper as CEO and M. Friedmann as CTO.
“Personalized recommendations currently are among the hottest topics requested by customers. With Yoochoose we invest not only in a superior technology but also in highly professional team in this market.” says Holger Heinen, senior investment manager of High-Tech Gründerfonds.
ReCoTech raises €500,000 to launch its office space allocation software
Posted by On July - 27 - 2009
High-Tech Gründerfonds, one of the most active venture capital firms in the german startup scene, just announced a half-million euros investment into software startup ReCoTech, a developer of IT-based solutions to optimise strategic large scale office space allocations.
The new capital will be used to finish the product and enter the marketplace with a license base revenue model.
“ReCoTech’s mathematically innovative algorithms and its large efficiency potential in construction projects convinced us to invest”, says Dr. Björn Momsen, Investment Manager at High-Tech Gründerfonds. “As indicated by the first successful customer projects on the way, ReCoTech’s services are in huge demand, especially for user managed office buildings.”
ReCoTech’s customers are companies and organisations with large office and administration facilities, whom will benefit from their software thanks to the calculation of large scale and strategic office space allocation planning. This enables the fast generation of different variants with customized settings concerning individual demand, desired adjacencies, complete or partial preferences for individual departments and many more.
“The early practical applications already demonstrate the enormous potential to save space and resources”, says Michael Marchionini, CEO of ReCoTech GmbH. “It is interesting to note that almost all customers intend to reduce CO2 emissions as well as costs and recognize the dispassionate objectivity of the resulting plan as an immediate non monetary benefit. The latter contributes in many ways to the eventual implementation of potentially controversial decisions.”
