German technology investor Target Partners posted the most active year for investment in 2015 since the founding of the firm in 1999, putting EUR25 million to work in 17 financing rounds for tech startups.
New portfolio firms included Dedrone (drone protection, Kassel), Swarm64 (database acceleration, Berlin and Oslo), Sicoya (silicon photonics chips, Berlin) and NavVis (3D indoor mapping and navigation, Munich). Follow-on rounds with new co-investors included Falcon Social (social media management, Copenhagen), tado° (intelligent home climate control, Munich), adjust (mobile app tracking and analytics, Berlin) and So1 (individual price promotions, Berlin).
“2015 was the most active year in our 16-year company history,” says Kurt Müller, Partner and co-founder of Target Partners. “Especially in the early-stage, we are seeing more experienced teams with excellent products and well-thought-out business plans. We anticipate that the entire ecosystem will continue to grow in 2016.”
The Munich-based venture capital firm focuses on investments in young technology companies in Germany, Austria and Switzerland, with typical first-round investments of EUR1 to EUR3 million. In 2015, the financing rounds (some together with co-investors) ranged in size from EUR1.0 to EUR15.2 million.
