immersight receives further growth capital for Virtual Reality
June 14, 2016
MBG Baden-Württemberg and High-Tech Gründerfonds increase their shares of the immersight GmbH with investing a 6-digit amount in the german tech startup. The capital will be used for technology development and growth by immersight.
immersight was founded in 2012 by students from Ulm University, who developed the roomglasses, a technology for the Virtual Reality. The Roomglasses enables to immerse completely into the virtual room as an almost real experience. Thanks to the idea of using the technology for presentation and selling of room plannings, the graduates of Ulm University received already in 2012 their first price. The Federal Ministry of Economic Affairs and Energy honors the team with the main prize of the startup competition IKT innovative.
Since 2014, immersight focus on developing the 3D-Showroom-Software and began recently with the marketing. It is the first software of its kind worldwide. The software allows to run a virtual showroom, whereby an exhibition can be created by planner and salesman under the use of VR-glasses. (For example www.panoramabrille.com).
The High-Tech Gründerfonds (HTGF) and the Mittelständische Beteiligungsgesellschaft Baden-Württemberg (MBG BW) are convinced of this software development and building a showroom platform. For this reason, both investors increased their shares of the technology startup. Dr. Torsten Löffler, Senior Investment Manager of HTGF said that even if the market is young and the fact, that VR-technology is at the very beginning, immersight has generated good revenues last year. “With the 3D-Showroom-Software, immersight acts in a highly attractive future market. Virtual exhibitions bring their operators big cost savings and many complete new possibilities”, says Steffen Gasior, Investment Manager of MBG Baden-Württemberg.
About MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH
MBG invests into SME from all branches, which are located in Baden-Württemberg,Germany. The investments reach from € 25.000 up to € 2.5 million. The MBG provides seed-investments, startup financing and growth capital for established companies.
MBG is a public supported investment company. It works close together with the Bürgschaftsbank Baden-Württemberg GmbH and is supported by the state Baden-Württemberg and the federal government.
About Seedfonds BW
The Seedfonds BW invests together with the High-Tech Gründerfonds in young technology startups, which are founded in Baden Württemberg. The investors of the Seedfonds are among the state Baden-Württemberg (Ministry of Finance and Economy), The L-Bank, LBBW Venture Capital GmbH and MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg.
About High-Tech Gründerfonds
High-Tech Gründerfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gründerfonds invests EUR 600,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Energy, the KfW Banking Group, as well as strategic corporate investors including ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gründerfonds has about EUR 576 million under management in two funds (EUR 272 million HTGF I, EUR 304 million HTGF II).