HZG Additive Manufacturing Tech Fund reaches €60M investment
June 27, 2022
HZG Group, a venture capital investor based in Germany, has completed an investment round resulting in €60 million for its HZG Additive Manufacturing Tech Fund, which will support Additive Manufacturing startups, primarily based in Germany, Austria, and Switzerland across all areas of Additive Manufacturing and related industrial fields.
The investment fund was reported to be significantly oversubscribed, initially having an upper limit of €50 million and later increased to €60 million. Following a €25 million investment by HZG Group founders Kerstin Herzog and Frank Carsten Herzog, the remaining funds came from entrepreneurs and other investors.
“We were sure that we would be able to win investors for our offer,” stated Frank Carsten Herzog, founder and Managing Director of the HZG Group. “We were pleasantly surprised that we were able to close the fund so quickly. We are in the fortunate position of having a to have brought together a handpicked group of investors with whom we can exchange ideas intensively. With combined experience, a proven track record and access to an excellent 3D printing infrastructure, we want to effectively support young entrepreneurs and take them to the next level in order to establish them as industrial partners.”
In addition to its current investment in Additive Manufacturing, the group is currently building its own research and development centre in Lichtenfels with NADDCON. As a technology platform, NADDCON offers the necessary infrastructure for testing and optimising practical future digital technologies.
Kerstin Herzog and Frank Carsten Herzog are the original founders of Concept Laser GmbH, having established the company more than twenty years ago before it was successfully integrated with GE in 2016. Their experience, along with their team of engineers at HZG Group, allows them to contribute to support and further develop the industry.