Co-investor from Frankfurt invests another 20 million euros in the Viennese company TTTech, developer of Ethernet technologies, and increases its previous investment. The company was founded in 1998 by Stefan Poledna and Georg Kopetz. So far, the co-investor group has invested 12.6 million in the capital increase, which totaled 31.5 million euros. Another 7.4 million euros were invested as part of the further placement of a share package. “We are pleased that with the additional capital we are giving TTTech Group the opportunity to further strengthen its position as a technology leader in the market,” said Ralph Eric Kunz, Partner at Co-Investor.
TÜV SÜD participates as part of a strategic partnership at the Cologne startup flowtify, a provider of quality and hygiene controls. Using a cloud-based app and IoT products, the company helps to relieve the work processes in the hospitality industry with sensors and increase security. Flowtify was founded in 2015 by Daniel Vollmer, Parshin Mortazi and Gabriel Schlatter.
The Berlin Fintech Raisin, known in Germany as WeltSparen, takes over the Frankfurt MHB Bank. Founded in 1973, the bank belonged since 2005 to the orbit of the US financial investor Lone Star. The MHB Bank is already working together with Fintechs such as Exporo, CreditShelf and Bergfürst. As a result of the acquisition, Raisin, which was founded in 2013 and has recently collected 100 million, now has a banking license valid throughout Europe. The purchase price is unknown.
French investor Hi inov, who is led by Wolfgang Krause (formerly known as seventure), announces the first closing of his new fund. 100 million euros are already in the top, 120 million should be. About 20% of the new fund will be invested in Hi inov, Germany. Hi inov invests exclusively in B2B topics.