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OÖ HightechFonds is a regional venture capital fund established in 2011 and headquartered in Linz, Austria. The fund was created to address the capital market gap for high-potential young high-tech companies in the region. It operates as a public-private partnership, backed by the Upper Austrian regional government and local banks, with a total capitalization of EUR 22.3 million since inception.
As of late 2024, OÖ HightechFonds has deployed approximately EUR 20 million across 22 investments, focusing on technology-oriented startups in the market entry phase. The fund currently has 14 active portfolio companies, collectively employing around 170 people. In late 2024, the fund received a EUR 4 million capital increase, bringing its available capital to approximately EUR 6 million.
OÖ HightechFonds collaborates with tech2b, a high-tech incubator that provides business advisory services to portfolio companies. This partnership enhances the support offered to ambitious founding teams as they navigate growth and internationalization efforts.
OÖ HightechFonds specializes in investing equity in regional, technology-oriented startups that are in the market entry phase. The fund specifically targets companies that have developed a prototype and achieved initial customer revenues. It is open to both innovative hardware and software products, emphasizing scalability and the dedication of founding teams.
The fund's investment strategy includes check sizes ranging from EUR 100,000 to EUR 1.5 million, with a maximum of EUR 1 million available in the first round. OÖ HightechFonds typically engages in direct equity stakes or convertible loans, with an investment duration of up to 10 years. The fund seeks to support companies that allocate a significant portion of their resources to research and development, specifically those spending 10% or more of their revenue or 25% or more of their total expenses on R&D.
OÖ HightechFonds has a diverse portfolio of technology-oriented startups, with notable companies including:
As of late 2024, OÖ HightechFonds maintains 14 active investments, focusing on scalable software and hardware products. The portfolio collectively employs around 170 individuals, reflecting the fund's commitment to supporting job creation and innovation in the region.
In late 2024, OÖ HightechFonds received a EUR 4 million capital increase, raising its available capital to approximately EUR 6 million. This increase supports the fund's ongoing commitment to investing in technology-oriented startups in Upper Austria.
Since its inception in 2011, OÖ HightechFonds has deployed around EUR 20 million across 22 investments, focusing on high-potential young high-tech companies. As of late 2024, the fund maintains 14 active portfolio companies, collectively employing 170 individuals.
What are OÖ HightechFonds' investment criteria?
OÖ HightechFonds invests in technology-oriented startups that are in the market entry phase. Companies must have developed a prototype and achieved initial customer revenues. The fund is open to both hardware and software products that demonstrate scalability.
How can startups apply for funding from OÖ HightechFonds?
Startups interested in funding should prepare a detailed pitch that outlines their business model, market potential, and team capabilities. While specific application channels are not disclosed, reaching out through their website or networking events may be beneficial.
What makes OÖ HightechFonds different from other venture capital firms?
This fund is uniquely positioned as a public-private partnership, backed by the Upper Austrian regional government and local banks. It specifically addresses the capital market gap for high-potential young high-tech companies in the region, providing not only capital but also access to mentorship through its collaboration with tech2b.
What is the typical check size for investments?
OÖ HightechFonds typically invests between EUR 100,000 and EUR 1.5 million, with a maximum of EUR 1 million available in the first round of funding.
What is the fund's geographic focus?
The fund primarily focuses on startups located in Upper Austria, supporting the regional tech ecosystem.
What kind of post-investment support does OÖ HightechFonds provide?
OÖ HightechFonds collaborates with tech2b to offer business advisory services, mentorship, and networking opportunities to its portfolio companies, aiding them in their growth and internationalization efforts.
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