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Finance & Economics

Capmont Reportedly Launches $111 Million Fund

The media reports that the venture capital company Capmont Technology, which is based in Munich, has launched a fund worth $111 million.

Capmont Reportedly Launches $111 Million Fund

The mentioned firm was founded in 2016. Since then, the company has raised $334 million. This firm focuses on technology startups in the B2B area from the late stage to the Series B stage.

Dr. Torsten Kreindl, the Capmont managing partner, says that startups operate in a highly competitive environment, but at the same time, they are incredibly collaborative. In the relevant context, it was noted that the Munich-based company strives to offer the founders an unmatched network and does everything to help them succeed. Dr. Torsten Kreindl stated that in this case, it means not only deploying capital. Capmont operates within the framework of a long-term prospect-oriented approach. The company introduces the founders to decision makers, potential clients, or steps in with additional funding if such a need arises.

Capmont operates in sectors such as supply chains, manufacturing, the Internet of Things (IoT), cybersecurity, robotics, and software-as-a-service. Among the past investments of the company are Konux, the firm specializing in the optimization of railway transportation based on artificial intelligence, and ProGlove, an industrial IoT brand, later acquired by Nordic Capital.

It is worth noting that venture capital companies are currently seeking to restore funding after a period of prolonged downturn. For example, this week it became known that the venture outfit Insight Partners is preparing to close a fund worth more than $10 billion.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.