TLDR:
- Munich-based VC firm Capmont Technology has launched a $111 million fund for B2B tech startups.
- Capmont focuses on industries like supply chain, manufacturing, IoT, enterprise SaaS, robotics, and cybersecurity.
Munich-based venture capital firm Capmont Technology has announced the launch of a $111 million fund specifically targeted towards B2B tech startups. Since its establishment in 2016, Capmont has raised a total of $334 million. The focus of the company lies in supporting B2B tech startups from the late seed stage up to Series B, providing them with a network and resources to help them achieve success. Dr. Torsten Kreindl, Managing Partner at Capmont, emphasized the collaborative nature of the startup ecosystem and highlighted their dedication to assisting founders beyond just financial support.
Capmont’s investment areas include supply chain, manufacturing, IoT, enterprise Software-as-a-Service, robotics, and cybersecurity. Some of their previous investments include Konux, an AI-powered railway optimization company, and ProGlove, an industrial IoT firm that was later acquired by Nordic Capital. This fund announcement comes at a time when VC funding is beginning to rebound after a period of decline.
The resurgence in funding can be seen with firms like Insight Partners preparing to close a $10 billion-plus fund, signaling a renewed interest in the tech investment space. Other prominent VC firms, including Andreessen Horowitz and Iconiq Growth, have also raised significant amounts recently, indicating a positive trend in the market. Early-stage VC firm Patron also announced the successful closure of its second fund, raising $100 million to support innovative ventures in the gaming industry.
Overall, Capmont’s fund launch represents a step towards supporting and nurturing B2B tech startups in various sectors, providing them with the necessary resources and connections to thrive in the competitive market.
