HZG Additive Manufacturing Tech Fund reaches €60M investment

June 27, 2022

Kerstin Herzog and Frank Carsten Herzog, founders and Managing Directors of HZG Group, have invested €25 million of a total €60 million to support AM startups (Courtesy HZG Group)
Kerstin Herzog and Frank Carsten Herzog, founders and Managing Directors of HZG Group, have invested €25 million of a total €60 million to support AM startups (Courtesy HZG Group)

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.

www.hzg-group.com

Kerstin Herzog and Frank Carsten Herzog, founders and Managing Directors of HZG Group, have invested €25 million of a total €60 million to support AM startups (Courtesy HZG Group)

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Separation anxiety: Lessons learned at NASA from a developmental rocket engine failure
  • What is 'good' metal AM? Exploring the industry's value metrics for production
  • An inside perspective on China’s thriving metal Additive Manufacturing industry
  • Additive Manufacturing for jewellery and watchmaking: Exploring the potential of sinter-based technologies
  • Metal Additive Manufacturing for digital dentistry: An introduction for dental professionals
  • Case study: The development of a multi-material heat sink by Additive Manufacturing using Aerosint technology

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
Download PDF
Share via
Copy link
Powered by Social Snap