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Target Partners invests in Theva Dünnschichttechnik

Munich-based venture capital firm Target Partners (www.targetpartners.de) has made a seven figure Series A investment in Theva Dünnschichttechnik GmbH (Theva) (www.theva.de). BayBG Bayerische Beteiligungsgesellschaft (www.baybg.de) joins Target Partners as a co-investor in the Munich-based technology company.

Theva is a specialist in 2nd generation (2G) high temperature superconductors (HTS).

The funding will support development of production lines for 2G HTS tape for use in electrical power engineering applications.

Over the past ten years, Theva has developed a proprietary, patented process technology for manufacturing 2G HTS tape designed for applications such as electricity transmission, generators and electrical systems. 2G HTS tape can conduct two hundred times more electrical current than copper wire of the same dimensions. This results in huge potential savings for electricity grid expansion and increased power generation efficiency, while allowing for environmentally friendly electrical transmission. Theva provides a simple and cost-efficient process that ensures a high quality product. “We are also the only company in the industry with in-house equipment manufacturing capability,” says Dr Werner Prusseit, CEO of Theva.

Kurt Müller, a partner at Target Partners, says: “Theva’s world-class team brings the ideal background and qualifications to the table. Their technical skills, many years of experience, and an excellent industry network are the cornerstones of the company’s continued success.”

Alexander Ullmann, senior project manager at co-investor BayBG, says: “The expertise of key Theva personnel and the favorable market and competitive environment are what tipped the scales in favour of our investment.”

“We are delighted to have found long-term, strategically oriented investors in Target Partners and the BayBG,” says Prusseit about the decision to opt for BayBG and Target Partners.
 

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