High-Tech Gründerfonds and Bayern Kapital to invest in CargoGuard GmbH
December 17, 2008
CargoGuard GmbH offers a web-based access and control system for portable security containers. The system includes a variety of security and administration functions allowing the sender to choose who, with whom together, when and where access to transported goods is granted. CargoGuard is the most innovative security solution for enterprises demanding freedom from manipulation, theft and data protection as well as quality protection for shipments.
“With CargoGuard, it is now for the first time possible to control shipments until they reach the addressee and, for example, to open them from a distance. Further possibilities to secure shipments are i.e. the four-eye-principle, time lock control or GPS locating technology. Besides, the virtual seal (vSeal) confirms the transport was free from manipulation,” says Thomas Wilde, acting partner of CargoGuard GmbH. “The Smart Security System can be operated from any PC via the USB interface. The software required for this is automatically started on the PC and requires no further hardware or software installation.”
“The convincing unique characteristics and the high market potential of the CargoGuard solutions ultimately tipped the scales in favour of our investment decision,” says Monika Steger, Senior Portfolio Manager at Bayern Kapital.
“We look forward to investing in a company that has recognized the worldwide growing demand for more security in logistics and provides innovative products for this purpose,” says Dr. Björn Momsen, Investment Manager at High-Tech Gründerfonds. “In addition to its innovative functions, CargoGuard offers an immense economical value,” says Jean A. Blaufuß, acting partner of CargoGuard GmbH. “A savings potential of up to 75% is being achieved for our customers by technization of security solutions. That way we revolutionize the market for supply chain security from the ground up. In the midterm, CargoGuard will take up a leading role in the logistics world and grow as a strategic partner for large international logistics companies.”
About High-Tech Gründerfonds:
High-Tech Gründerfonds invests venture capital in young, high-opportunity technological companies implementing promising research results in an entrepreneurial manner. The start-up companies are planned to lead their R&D projects to the production of a prototype or a “proof of concepts” or market launch by means of the seed financing of up to 500k EUR. The High-Tech Gründerfonds has a fund volume of around 272m EUR. Investors of the public-private partnership are the Federal Ministry for Economics and Technology, the KfW bank group as well as the six industrial groups BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss.
Dr. Björn Momsen
High-Tech Gründerfonds Management GmbH
53175 Bonn, Germany
Tel: +49 228 – 965685-00
Fax: +49 228 – 965685-50
About Seedfonds Bayern managed by Bayern Kapital:
The Seedfonds Bayern was started in 2003. With a fund size of 22 million Euros it is focused on investments in early stage technology companies in Bavaria. The fund is managed by Bayern Kapital which was founded in 1995 by the Bavarian Government as part of the campaign “Initiative Bavarian Future” and to provide young and innovated Bavarian companies with venture capital. From the seed phase through to expansion phase Bayern Kapital provides funding for Bavarian start-up teams and technology companies.
Up to date Bayern Kapital has invested in over 170 innovative high-tech companies with a total investment volume of about 138 million Euros. Overall, Bayern Kapital now manages a fund volume of almost 190 million Euros and prepares the cluster fond concept with a fund volume of another 75 million Euros. Further information at: www.bayernkapital.de.