HTGF Portfolio Company Synapticon Successfully Closes Further Financing Round
January 23, 2019
- High million amount for team expansion and research and development
- Presentation of a new development at the SIAF in Guangzhou in spring 2019
Almost two years after the last capital increase and various new technological developments, Synapticon GmbH announces the successful completion of its current financing round. With its hardware and software, the young Southern German high-tech forge enables numerous international companies in the fields of robotics and automation to develop and produce more innovative and powerful products.
Synapticon GmbH, which has made a name for itself as a technology supplier for robot manufacturers with its main product line SOMANET in the area of robotic motion control, has recently started to offer ACTILINK solutions for machine and special machine construction as well as for manufacturers of automation platforms. ACTILINK builds on the experience gained by Synapticon with its solutions for fully integrated motion axes, which are already offered in the robotics and automated guided vehicle systems sectors. These customized, fully integrated drive axes combine all components, including gear reduction, and remove the hurdles associated with the development of powerful actuators in robotic applications.
“Starting out as a developer and manufacturer of embedded technology on which control systems for robots are based, we have consistently developed further over the past two years and increasingly focused on specialized high-performance components in three customer segments: Manufacturers of robot arms and cobots, developers of driverless transport systems and suppliers of automation components such as integrated servo motors,” explains CEO and co-founder Nikolai Ensslen.
Synapticon will primarily invest the additional capital in new employees and research & development. With locations in Germany, Eastern Europe, the USA and China, the company now has an international presence and plans to further expand its subsidiary in Asia. The location in China is of strategic importance for Synapticon, as the world market for industrial robots and automation technology is developing rapidly, especially in Asia. In 2018, Synapticon was named “Top 10 Robotics Solution Provider” by APAC CIO Outlook Magazine in recognition of its commitment to Asia.
“Germany is and will remain of central importance to us as a development location. Here we will invest in engineers and at the same time strengthen sales. In China, it is our goal to become even more present in order to profit from the potential of this large market,” explains Nikolai Ensslen. “As the first highlight, we plan to be represented with our own stand at the SIAF in Guangzhou in spring 2019 – as our second Chinese trade fair presence. At this leading Asian trade fair for automation and drive technology, we will in all probability be presenting a new development that will be unique for the entire collaborative robotics sector”.
“As an investor from the very beginning, we are very much looking forward to today’s success and the further growth of the company. Synapticon now has a fantastic starting position to decisively shape one of the most promising industries of the future,” explains Lucille Bonnet, Senior Investment Manager of High-Tech Gründerfonds, who has been with the company for several years.
The circle of investors now also includes the family office of a renowned German entrepreneurial family, which has decades of experience in industry and relies on the promising hardware and software of Synapticon. The capital increase by a high single-digit million amount is accompanied by another family office: 7-Industries, the international investor size with a pronounced long-term focus, has been supporting Synapticon since February 2017.
“Synapticon’s management has taken a very promising course with the latest strategic decisions and new technological developments. The company is an outstanding example of high technology from Germany,” explains Dr.-Ing. Rigbert Fischer, who accompanies the newly added Family Office as an investor. “We look forward to supporting the company on its growth and innovation course in the future. As a young high-tech company, Synapticon fits perfectly into our investment portfolio”.
About High-Tech Gründerfonds
Launched in 2005, High-Tech Gründerfonds (HTGF) is a powerful engine that drives the success of high- tech startups. Armed with expertise, entrepreneurial spirit and passion, the experienced team of investment managers and startup experts guide top companies on their journey from launch to success. HTGF focuses on high-potential startups active in the sectors of hardware, software, life sciences/chemicals. With EUR 892.5 million in investment volume across three funds and an international network of partners, HTGF has already financed more than 500 startups.
This group also includes a number of success stories, such as Mister Spex, Rigontec, 6Wunderkinder, Next Kraftwerke and Cumulocity, as well as Juniqe, an online shop for art enthusiasts. To date, external investors have injected over EUR 2 billion into the HTGF portfolio via about 1,400 follow-on financing rounds. HTGF has also successfully sold interests in more than 100 companies. Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Banking Group, and Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, BAYER, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.