AM Ventures launches €100 million venture capital fund for industrial AM
March 8, 2021
AM Ventures, Munich, Germany, has announced the initial closing of its venture capital fund for industrial Additive Manufacturing. Along with its major shareholders the Langer Group, AM Ventures has partnered with KGAL, Grünwald, Germany. This closing brings the fund to nearly half of its targeted commitment.
The parties involved have stated that this closing represents a strong signal, not only for the AM industry itself, but also for investors looking to benefit from the strong dynamic in advanced manufacturing. The fund is expected to continue to strengthen support in seed and early-growth stage hardware, software, materials and applications in AM globally.
Dr Hans Langer, representative of the Langer Group and a founding partner of the newly-formed fund, added, “After six 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. This step is a massive opportunity for all AM startups around the world and will help to further accelerate the adoption of Additive Manufacturing.”
KGAL, is a leading independent investment and asset managers for capital investments in Europe. With an investment volume of €15 bn and more than 390 funds launched since its foundation in 1968. Alongside the Langer Group and managing partners Johann Oberhofer and Arno Held, KGAL has become a shareholder in the newly formed AM Ventures Management GmbH.
“This is a perfect match,” stated Dr Klaus Wolf, Chief Investment Officer at KGAL. “The expertise of AM Ventures and KGAL ideally complement each other. AM Ventures, through their shareholder base, bring in-depth knowledge of industrial 3D printing, thanks to their long commercial presence in this field; KGAL in turn has a proven track record in access to investors. Additive Manufacturing offers impressive potential to produce industrial goods in a resource effective and sustainable way. Through this joint venture we are laying the foundations for a long-term partnership and for further funds in a strong growth market.”