Start-up financing typically starts when a functioning prototype is available and the market launch needs to be financed. Start-up financing also refers to situations in which a company already has a product, but needs fresh capital for its production and marketing.
In general, the companies in which we invest during this growth phase are already generating sales in the range of €3 million to €10 million.
When investing in companies in the early stages of development we mostly acquire minority interests, majority interests are less frequent. The investment is always carried out by means of a capital increase or by a share purchase from existing shareholders. In the first step, financing volume ranges between €0.5 million and €2.5 million, or even more in case of a co-investment with our investors.