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German Tech Startups on the Rise

Record year brings Target Partners’ portfolio market cap over €1 billion

Munich, January 30, 2018: German technology venture capital investor Target Partners (www.targetpartners.de) announced the best portfolio fundraising results in company history for 2017. Startups financed by the firm raised more than €110 million in 25 financing rounds. The total market cap of the Target Partners portfolio increased by €450 million and now exceeds €1 billion for the first time.

“Consumer-related startups historically got a lot of attention in Germany. Now, however, innovative technology startups are the ones shaping the future of our industry. Tech startups and tech venture capital are on the rise“, said Berthold von Freyberg, Partner and co-founder of Target Partners.

Double-digit million funding rounds with global VCs like Accel and Intel Capital

Target Partners focuses on German tech startups, supports them to expand globally and co-invests with renowned international investors on a regular basis. In the past year, its German-born portfolio companies, like Dedrone, Instana or Swarm64, raised investments in the double‑digit € millions with participation of global VCs such as Accel, Menlo Ventures, and Intel Capital, the investment arm of the world's biggest chip maker.

“We see significant international VC participation in Germany for tech startups at the growth stage. It is no longer a question of whether Germany can become a major tech hub, but rather whether it will become the #1 European startup destination”, added von Freyberg.

Images High-resolution images are available at http://www.sprachperlen.de/target-partners-2017

About Target Partners

With €300 million under management, Target Partners is one of the leading early-stage venture capital firms in Germany. Target Partners invests in new start-up and early-stage companies and supports them with venture capital during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States.

For more details: www.targetpartners.de follow us on Twitter: twitter.com/targetpartners or Facebook: facebook.com/targetpartners.

Press contact Target Partners

Sprachperlen GmbH Agency for enterprise communication Helena Pröpster Ehrengutstraße 5 80469 Munich, Germany Email: targetpartners@sprachperlen.de

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