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Trumpf Founds Venture-Capital Company

November 1, 2016

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Trumpf has founded a venture-capital company for funding technology startups, Trumpf Venture GmbH. The aim is to fund promising young companies that look to play a major role in shaping the future of industry, according to company officials. Over the next five years, Trumpf Venture GmbH looks to establish an investment portfolio of about $45 million, and is especially interested in the fields of photonics and digitally connected production as well as in new manufacturing processes, smart components and high-tech materials.

"Once we get into our stride, we plan to participate in around five startups per year,“ says Christof Siebert, in charge of technology management at Trumpf. "As a strategic investor, we want to use our network, our industrial production expertise and our technological knowhow to assist startups with market launch and successful growth.”

See also: TRUMPF Inc.