Deutsche Venture Capital Gesellschaft
200 Million Euro in new Fund
Delticom's first investment
On Monday, the CEO of the Deutsche Venture Capital Gesellschaft mbH, Dr. Werner Schauerte und Hansjörg Thomas presented the third fund amounting to 200 million Euro in Berlin. Fund III is managed independantly by the VCG Venture Capital Gesellschaft mbH & Co. Fonds III KG), explained Schauerte. Arounf 50 million Euro of the new fund will be invested in the market every year. Investors include Deutsche Bank AG, the Gerling corporation, the Hannover Finanz Projekt GmbH as well as private investors.
"The fund will annually invest on average a sum of between 3 to 4 million Euro in up to 15 companies", explained Schauerte. Emphasis will lie on the future markets information and communication technology, life sciences, as well as micro- and system technology. In the IT and life Science sectors the venture capitalist will invest in the early stage phase, while in the micro and system sectors it tends toward investing in the expansion phase. Schauerte added that "all investments in Fund III must be disclosed and that only minority stakes are made.".
At the same time the CEO presented the first investment of the new fund: Delticom AG. Delticom was founded in July 1999 and is the first internet tyre dealer. The company headquartered in Hanover offers a comprehensive selection of tyres at www.ReifenDirekt.de at lower prices, including online advice and references to installation service partners. Frank Schuhardt, the responsible investment manager at DVC is convinced of the business plan and the three founders. "Here the internet shows its advantages, offering advice 24 hours a day, seven days a week.The lower prices ensure an added buying incentive.", explained Schuhardt.
Schauerte and Thomas are convinced, that the third fund will be successful in its four year run: "The need for venture capital in the early stages is very high in Germany."