UVC Partners, the venture capital investor aligned with TU Munich, has added KfW Capital, the investment arm of state-owned development bank KfW, as a limited partner to its latest fund.
The UVC Growth Opportunities Fund II launched two months ago with a €77 million first close and a €150 million target size to be reached by the end of this summer.
The size of KfW Capital’s commitment has not been disclosed.
“We are happy to further expand our partnership with UVC through our investment in the UVC Growth Opportunities Fund II. We recognise UVC’s technological expertise and the potential within its portfolios, which makes us eager to double down on the most promising companies.
“We consider the investment to be an important contribution to further strengthening the German deep tech ecosystem. UVC’s deep roots in Munich, strong connection to UnternehmerTUM, and focus on transferring technology from academia to industry uniquely position it to accelerate this growth.”
Sarah Heinz, investment manager at KfW Capital
The UVC Growth Opportunities Fund II is stage-agnostic, investing from the early stage through to series B and later rounds.
In addition to new investments, where the firm is looking to build out its European pipeline, the growth fund also enables UVC Partners to double down on its top-performing portfolio companies.
