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HZG Group is a venture capital firm specializing in additive manufacturing, particularly 3D printing technologies. Founded in 2021 by the Herzog family, the firm has quickly established itself as a leader in this niche sector. The firm operates from its headquarters in Coburg, Bavaria, Germany, and manages the HZG Additive Manufacturing Tech Fund, which has a total fund size of €60 million, oversubscribed from an initial target of €50 million.
HZG Group focuses on early-stage investments, particularly in the DACH region, which includes Germany, Austria, and Switzerland. The firm has a strong commitment from its founders, who have personally invested €25 million into the fund, representing 42% of the total capital. This significant financial commitment underscores their confidence in the potential of the additive manufacturing sector.
Through partnerships with global corporations, HZG Group enhances its access to international markets, providing portfolio companies with valuable opportunities for growth. The firm also operates NADDCON GmbH, a research and application center that supports its portfolio companies with technical resources and expertise.
HZG Group invests primarily in early-stage technology companies within the additive manufacturing sector, specifically targeting pre-seed, seed, and seed-plus stages. The firm provides venture capital through the HZG Additive Manufacturing Tech Fund, which is dedicated to supporting the growth of innovative startups that can transform production processes and applications.
The investment strategy emphasizes both financial performance and the potential for transformative innovation. HZG Group seeks companies that offer unique products or services capable of reshaping the additive manufacturing landscape. Additionally, the firm provides access to resources at its research and application center, NADDCON GmbH, which enhances the support available to portfolio companies.
Investment checks typically range from €500,000 to €2 million, depending on the stage and needs of the startup. HZG Group's focus on additive manufacturing encompasses machines, processes, applications, and services, positioning the firm as a dedicated player in this specialized field.
HZG Group's portfolio includes notable companies such as:
These companies exemplify HZG Group's commitment to supporting innovative technologies in the additive manufacturing sector. The firm is actively seeking additional investment opportunities within this space, focusing on startups that can leverage advanced 3D printing technologies to create new applications and improve production processes.
Kerstin Herzog: Co-founder of HZG Group, Kerstin has over 20 years of experience in the 3D printing industry. She has played a pivotal role in establishing the firm's reputation and investment strategy.
Frank Carsten Herzog: Co-founder and sibling of Kerstin, Frank has a strong background in technology innovation. He was instrumental in the founding and successful exit of Concept Laser, which was acquired by GE Additive for over $600 million in 2016.
Startups interested in pitching to HZG Group should submit their proposals through the official website at hzg-fund.com. It is advisable to include a comprehensive pitch deck that outlines the business model, technology, market potential, and team background.
Response times can vary, but founders should expect to hear back within a few weeks. Warm introductions are preferred, especially from industry contacts or existing portfolio companies.
In July 2023, HZG Group made a notable investment of €2.2 million in Q.big 3D, a manufacturer of large-format 3D printers. This investment highlights the firm's commitment to supporting innovative companies in the additive manufacturing sector.
Additionally, HZG Group has confirmed its investment in Spectroplast, a company specializing in silicone 3D printing, although specific details regarding the investment have not been disclosed.
What are HZG Group's investment criteria?
HZG Group focuses on early-stage technology companies in the additive manufacturing sector, particularly those at the pre-seed, seed, and seed-plus stages. They look for startups that offer innovative products or services capable of transforming production processes.
How can startups apply or pitch to HZG Group?
Startups can pitch to HZG Group through their website at hzg-fund.com. It is recommended to include a detailed business plan and information about the technology being developed.
What makes HZG Group different from other venture capital firms?
HZG Group is unique due to its exclusive focus on additive manufacturing and its founders' deep industry expertise, particularly following their successful exit from Concept Laser. Their commitment of €25 million to the fund also aligns their interests closely with those of their portfolio companies.
What is the geographic scope of HZG Group's investments?
The firm primarily invests in the DACH region, which includes Germany, Austria, and Switzerland, but they also have partnerships that enhance their access to international markets.
What kind of post-investment support does HZG Group provide?
HZG Group offers access to their research and application center, NADDCON GmbH, providing portfolio companies with valuable resources, technical expertise, and networking opportunities to help them grow.
What is the typical check size for investments?
Investment checks typically range from €500,000 to €2 million, depending on the stage and specific needs of the startup.
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