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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 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. The founders have personally committed €25 million to the fund, demonstrating their strong belief in the potential of the companies they support.
Through strategic partnerships with global corporations, HZG Group enhances its access to international markets, allowing portfolio companies to scale effectively. The firm focuses on early-stage investments, particularly in the DACH region, which includes Germany, Austria, and Switzerland. HZG Group aims to support young technology companies that offer innovative products or services capable of transforming production processes.
Notable milestones include the successful exit of Concept Laser, a company co-founded by the Herzog family, which was acquired by GE Additive for over $600 million in 2016. This exit has provided HZG Group with deep domain credibility and a strong reputation in the additive manufacturing field.
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 operates through the HZG Additive Manufacturing Tech Fund, which provides venture capital to support the growth of innovative startups. Investment checks typically range from €1 million to €5 million, depending on the specific needs and potential of the company.
The firm emphasizes both financial performance and the potential for transformative innovation in its investment strategy. HZG Group seeks companies that can leverage advanced technologies to improve production processes and applications. They also provide access to resources at their research and application center, NADDCON GmbH, which offers valuable expertise and support to portfolio companies.
In addition to financial backing, HZG Group looks for founders who demonstrate strong technical and entrepreneurial visions. The firm values partnerships that can create synergies and enhance the capabilities of its portfolio companies, ultimately driving growth and innovation in the additive manufacturing space.
HZG Group's portfolio includes notable companies in the additive manufacturing sector:
While these are the primary companies publicly acknowledged, HZG Group is actively building its portfolio and may have additional investments that have not yet been disclosed. The firm focuses exclusively on the additive manufacturing sector, which encompasses machines, processes, applications, and services related to 3D printing.
Kerstin Herzog - Co-founder. Kerstin has over 20 years of experience in the 3D printing industry and has played a pivotal role in establishing HZG Group as a leader in additive manufacturing.
Frank Carsten Herzog - Co-founder. Frank co-founded Concept Laser, a technology innovation leader in metal 3D printing, which was acquired by GE Additive for over $600 million in 2016. He brings extensive expertise in technology commercialization and investment.
To pitch HZG Group, founders should use the contact form available on their website at hzg-fund.com. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. HZG Group prefers to receive pitches via this channel and typically responds within a few weeks.
In July 2023, HZG Group made a significant 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. The firm continues to seek out promising startups in the additive manufacturing space to expand its portfolio.
What are HZG Group's investment criteria?
HZG Group focuses on early-stage technology companies in the additive manufacturing sector. They look for startups that demonstrate innovative products or services capable of transforming production processes. The firm typically invests in pre-seed, seed, and seed-plus stages, with check sizes ranging from €1 million to €5 million.
How can startups apply or pitch to HZG Group?
Startups interested in pitching to HZG Group can do so through their website at hzg-fund.com. It is advisable to include a detailed business plan and financial projections in the pitch deck to facilitate the evaluation process.
What makes HZG Group different from other venture capital firms?
HZG Group is unique in its exclusive focus on the additive manufacturing sector, backed by the founders' extensive experience and successful exit from Concept Laser. They provide not only financial support but also access to their research and application center, NADDCON GmbH, which offers valuable resources and expertise.
What is the geographic scope of HZG Group's investments?
The firm primarily targets companies in the DACH region, which includes Germany, Austria, and Switzerland. This geographic focus allows them to leverage local market knowledge and industry connections.
What is HZG Group's post-investment involvement like?
HZG Group actively supports its portfolio companies by providing access to resources at NADDCON GmbH and offering strategic guidance. The firm is committed to fostering the growth of its investments through mentorship and operational support.
What is the size of HZG Group's fund?
The HZG Additive Manufacturing Tech Fund has a total size of €60 million, which was oversubscribed from an initial target of €50 million. The founders have personally committed €25 million to the fund, indicating strong alignment of interests between the general partners and limited partners.
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