Capmont Technology, based in Munich, has announced the launch of its inaugural €100 million fund aimed at supporting early-stage B2B tech startups across Europe and the US. This new funding brings the total raised by Capmont since its establishment in 2016 to €300 million. Previously known as DI Technology, the firm has varied experience, having already invested across sectors such as enterprise SaaS, industrial technology, and robotics.
With the fresh capital, Capmont intends to partner with startups ranging from late seed to Series B stages. They are particularly focused on companies demonstrating traction and customer demand. Investments are expected to range between €2-5 million per startup, with plans to reserve about 40% of the fund for follow-on investments. Dr. Torsten Kreindl, managing partner at Capmont Technology, emphasized the firm’s commitment to support entrepreneurs beyond merely providing capital. He stated, "Startups operate in a highly competitive space, but it’s also incredibly collaborative. Our aim is to offer founders an unmatched network and we go above and beyond to help them succeed."
The firm's expertise includes software-defined hardware, industrial technology encompassing supply chain and IoT solutions, enterprise SaaS, robotics, and cybersecurity. Some notable investments from the new fund already include companies like Celus, which offers design solutions for electronic components, and Arch Systems, focusing on AI applications for electronics and manufacturing. Kreindl believes Europe has significant potential for businesses leveraging AI to improve industrial processes and efficiency due to its strong industrial customer base.
Capmont Technology's LPs (Limited Partners) consist of institutional investors, family offices, and high-net-worth individuals, including entrepreneurs and executives from the DACH region, but the specific identities have not been disclosed. The firm emphasizes investing only in sustainable businesses which provide tangible business value and return on investment (ROI) for customers. The emphasis is not only on financial gains but also on fostering innovation through strategic insights, offering go-to-market support and leveraging the team's engineering expertise.
Capitalizing on its previous successes, which include investments like Konux—an AI-driven solution optimizing railway operations—and ProGlove—an industrial IoT startup acquired by Nordic Capital—Capmont is poised to play a significant role within Europe’s growing tech ecosystem. Dr. Matthias Roth, another partner at Capmont Technology, noted, “There are many exciting opportunities to invest in industrial technology applications. Our focus is on founders who create value where resources are optimized, and nothing is wasted, leading to maximum impact.”
This launch arrives at a pivotal moment as venture capital firms witness renewed enthusiasm for investments following recent downturns. The venture capital market had been subdued for two years, but reports suggest firms are once again mobilizing capital. For example, the notable venture capital outfit Insight Partners is reportedly preparing to finalize its own substantial fund. Capmont’s recent activities signal not only resilience within the firm but also optimism within the broader B2B tech startup ecosystem.
Concluding, Capmont Technology aims to mentor and finance innovation, backing companies poised to make significant impacts on their industries. The proactive stance of Dr. Kreindl and his team demonstrates their commitment to championing enterprising founders and shaping the future of B2B technology.
