The funds from the Bayern 2 Growth Fund are intended to support innovative and technology-oriented Bavarian startups in completing large-scale financing rounds in cooperation with private investors. Bavaria's Minister of Economic Affairs Hubert Aiwanger says:
"With the first Bavarian Growth Fund, we have already supported many innovative companies. Now, with the Bavaria 2 Growth Fund, we are continuing this successful concept together with Bayern Kapital: We support young companies through growth financing to successfully position their products in the market and develop into successful, internationally competitive companies in the long term."
“Continue to support the Free State’s innovation leaders with the Bayern 2 Growth Fund”
Over the past five years, the Bavarian Growth Fund has invested 70 million euros in 23 startups and mobilized a further 300 million euros through cooperation with private investors.
"Especially in the technology sector, companies need not only development time for long-term success, but above all financial support. Internationalization strategies and the development of new markets, as well as regulatory studies and the further development or diversification of their own product range, are capital-intensive and often pose immense challenges for young companies. We are therefore pleased to be able to continue to reliably support the Free State's innovation leaders in large-scale financing rounds with the Bayern 2 Growth Fund,"
says Roman Huber, Managing Director of Bayern Kapital. The fund's previous investments include the Munich startups Robotise, Blickfeld, Proglove and GNA Biosolutions.
A condition for participation by the growth fund is that at least one other private investor participates under the same terms. This not only gives startups the prospect of larger capital volumes, but also benefits from the specialist expertise and regional and international network of the investment partners.
