HZG Group Increases Capital “HZG Additive Manufacturing Tech Fund”
up to EUR 60 million
Lichtenfels / Coburg (ots) –
– A venture capital fund of initially € 50 million a few months later
First Close Significantly Oversubscribed
– A group of investors consisting of experienced entrepreneurs and important family offices
– Created by the pioneers of 3D printing Kerstin Herzog and Frank Carsten Herzog
Early-stage start-up perspectives: capital, experience and network
Just a few months after the announcement of the premiere, the promoters of 3D printing with
The HZG Group announces another milestone: the one with a volume of 50
million euros announced the closure of the HZG Additive Manufacturing Tech Fund
and clearly over-subscribed. The subscribed capital was on the possible
The upper limit of EUR 60 million has been increased.
Following the initial investment of industry pioneers Kerstin Herzog and Frank Carsten
Duke over 25 million euros has significant family offices and experience
Entrepreneurs and investors placed subscriptions for the remaining shares of the fund. this
the group of investors is aware of the fund’s investment strategy and potential
The development in the industrial area of additive manufacturing (3D printing) is convincing.
Frank Carsten Herzog, Founder and Managing Director of the HZG Group, says: “We
we were sure that we would be able to attract investors for our offer. He has us in it
pleasantly surprised that we were able to close the fund so quickly. we
are fortunate enough to have a carefully selected group of investors
gathered together with whom we can exchange ideas intensively.
Combined experience, proven track record, and access to
excellent 3D printing infrastructure, we want young entrepreneurs to be effective
support and take it to the next level to become an industry partner
establish.”
Entrepreneur Rolf Schwind, one of the investors of the HZG fund, says: “As
A technological leader in laser eye systems, eye-tech solutions from SCHWIND are working
we are constantly working on innovative solutions. Additive technologies allow us
rethink our high-tech products and improve them. Clear direction
HZG Fund for 3D Printing and the Experience of Frank Carsten Herzog and Kerstin
As pioneers in this field, Herzog convinced me to continue in this
investing in the future ”.
As a venture capital investor, the HZG Group participates in the early stage (from
Series A) for innovative start-ups mainly from Germany, Austria and
Switzerland. The investment focuses on all areas of additive manufacturing and
adjacent industries: from machines and processes to applications
and Industry 4.0 services such as Machine
Science, Robotics, Automation, Internet of Things (IoT), and AI applications.
2-3 investments per year are planned in the future.
In addition, the group is currently building in Lichtenfels with NADDCON
own research and development center at the highest world level
on. As a technology platform, NADDCON brings together the necessary infrastructure for
Testing and optimization of practical future digital technologies. This
The offer can also be used as a service by HZG’s portfolio companies
Will.
Kerstin Herzog and Frank Carsten Herzog together with an experienced team
engineers in the HZG Group. Contact persons and supporters of innovative teams.
They bring the experience they have built on their successes
an entrepreneurial path from the founding of Concept Laser GmbH over 20 years ago
we have developed: From idea, through research, development and establishment to
to strong growth and successful integration into a global corporation
General Electric.
New technologies for medium-sized companies
Additive manufacturing goes to an increasing number of industries. According to
EY management consulting is expected by nearly half of German companies
additive manufacturing of end products as early as 2022. The main focus is on
manufacturing industry, but also in sectors such as transport and logistics
3D printing is gaining importance. It is possible with the global market in mind
Learnbonds has reported sales growth of approximately 16 billion now
up to EUR 40.8 billion by 2024.
About the HZG Group
The HZG Group comprises the areas of venture capital and business investments
Angel Investments and own R&D center with a transparent
Together, focus on 3D printing. In venture capital activities
The HZG Group focuses on investments in the DACH region. Moreover
the group is involved in the seed phase through HZG NewConcepts
promising founders as business angel investors. In Lichtenfels one of the
global beacons for 3D printing, the HZG Group builds its own with NADDCON
A research and development center that also functions as a portfolio company
separate service Access to own research and development center
at the highest international level.
The founders and managing partners of the HZG Group are Kerstin Herzog
and Frank Carsten Herzog. With the foundation of the Concept Laser in 2000
The basis of own research work, the development of the company to
Technology and innovation leader in metal 3D printing as well
They expect successful integration with the global corporation General Electric
over 20 years of experience in 3D printing and complements it
Equity investments in line with their know-how, understanding of the industry,
network and its passion for technology. Besides being enterprising
The activities of Kerstin Herzog and Frank Carsten Herzog are regionally involved as
Sponsors in the field of education and in the networking of science i
Business.
Further information: http://www.hzg-group.com
Press contact:
Hoschke & Co. Public Relations GmbH
Max Lange / Lukas Schuez
tel. (0 40) 36 90 50 – 34 / -32
mailto: hzg@hoschke.de
Further material: http://presseportal.de/pm/159177/5226889
OTS: HZG Group