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Trumpf launches venture investment arm

September 14, 2016 By Fink Densford

TrumpfTrumpf said yesterday that it launched a venture capital investment arm looking to fund tech startups effective July 1.

The newly formed arm aims to invest approximately $45 million (€40 million) in “promising young companies that want to play a major role in shaping the future of industry” over the next 5 years, Trumpf said.

The venture group said it’s focused on tech companies in the fields of photonics and digitally connected production, as well as new manufacturing processes, smart components and high-tech materials.

“Once we get into our stride, we plan to participate in around five startups per year. 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. We’re already having discussions with 1st startups, and assuming that we’ll be able to make investments relatively soon. As a partner of the forthcoming CODE_n new.New Festival in Karlsruhe, we’ll soon be making contact with further interesting startups,” technology management head Christof Siebert said in prepared remarks.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Supplies and Components Index
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • MedTech Resources
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    • MedTech 100 Index
    • Subscribe to Print Magazine
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