MBG Baden-Württemberg closed Start-up BW Innovation Fonds at EUR 45m.
Jan 27, 2023
The MBG Baden-Württemberg has successfully fundraised and closed the Start-up BW Innovation Fonds at EUR 45m.
The MBG will manage the fund and act as a co-investor in the fund’s portfolio companies. Other investors include insurance companies, banks and the state of Baden-Württemberg.
The fund will be investing in technology companies in the start-up phase with a special focus on information and communications technology (ICT), digital transformation, industrial innovation and healthcare/life sciences.
Some investments have already been made, for example into a company developing implants for long-term measurement and stimulation of brain and nerve activity.
This fund is part of Baden-Württemberg’s Start-up campaign, which aims at making the region into one of the most founder-friendly places in Europe. According to the Minister for Economy, Labor and Tourism of the State of Baden-Württemberg, Nicole Hoffmeister-Kraut, Start-ups drive innovation and are important when meeting current economic challenges.
The MBG Baden-Württemberg is one of the most important capital providers and a key partner for medium-sized businesses in Baden-Württemberg. It has invested more than EUR 200m into approximately 750 companies since its founding in 1971 in Stuttgart.
Orbit has advised on all legal, regulatory and tax aspects as well as fundraising.
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