Munich-based AM Ventures, a VC firm that specialised in industrial 3D printing investments, has announced the initial closing of a €100 million fund to continue backing additive manufacturing startups.
For this, the company and major shareholder LANGER GROUP have teamed up with KGAL, a pan-European investment and asset manager.
AM Ventures is kicking off the fund with an already quite extensive portfolio of 15 additive manufacturing/3D printing startups in 6 countries (on 3 continents).
Dr. Hans Langer, a founding partner in the newly formed fund, says: "After 6 years of successfully investing in AM-based startup companies, we decided to jointly take our business to the next level and join forces with the international asset manager KGAL. I am thankful for the achievements the AM Ventures team has made since we started in 2015 and I am very happy to now be working alongside my two former managing directors as new Managing Partners in the fund."
The final closing of the fund, which also received backing from several entrepreneurs and 'high net-worth individuals', is expected to take place this spring.