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PRINT THIS PAGE German Triangle holds second closing of Fund IV on €30m06/09/2005. Source: AltAssets. 
 German venture firm Triangle has held a second closing of its latest fund on €30m. The firm announced the first closing on €15m in June 2004. Fund IV has a target of €50-75m. It will invest in between 12 and 15 first-round technology-driven university and research spin-offs focusing on the IT and medical device markets.
Investors in the new fund include RWB/Capvent (Germany/Switzerland), 123Venture (France), and a variety of German family offices.
Triangle founding partner Uli W Fricke said, 'Success as a first-round technology investor in a difficult venture capital climate is owed to our entrepreneurial investment approach in combination with Triangle's operations, which exceed industry standards.'
Dr Bernd Geiger, also a Triangle founding partner, added, 'Capital efficiency and a deep understanding of global markets and technologies is key. We have been sticking to our strategy since 1997 and that is at least part of the reason why we are one of the very few VC teams still around.'
Triangle's blueprint for developing start-up companies involves exploiting the strength of German high-tech innovation and commercialising it globally. It is a model Triangle will continue to apply to Fund IV portfolio investments.
Copyright © 2005 AltAssets
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