Trumpf Creates Venture Capital Firm
DITZINGEN, Germany — Manufacturing solutions provider Trumpf GmbH & Co. KG has founded Trumpf Venture GmbH, a venture capital company to fund technology startups.
The company aims to fund promising young companies that want to play a major role in shaping the future of industry. Over the coming five years, Trumpf Venture GmbH will establish an investment portfolio of around 40 million euros.
”Once we get into our stride, we plan to participate in around five startups per year,” said Christof Siebert, head of technology management at Trumpf. “As a strategic investor, we want to use our network, our industrial production expertise and our technological know-how to assist startups with market launch and successful growth,”
Trumpf says it is especially interested in the fields of photonics and digitally connected production as well as in new manufacturing processes, smart components and high-tech materials.
”We’re already having discussions with first startups and assuming that we’ll be able to make investments relatively soon,” Siebert said.
Trumpf provides manufacturing solutions for machine tool, laser and electronics markets.
MORE FROM PHOTONICS MEDIA