Public Solution closes fourth financing round
October 31, 2008
Manfred, Rietzler, High-Tech Gründerfonds, the Swiss based investor Mountain Super Angel AG (Open Market Frankfurt, ISIN: CH0033050961) and KfW invest in the fourth financing round in Public Solution GmbH.
With its brand “Yvio” Public Solution is the leading the market for RFID based board games. “Applying industrial strength RFID technology to board games offers new possibilities for board games. Now it is possible for the games and its figures not only to interact among themselves but also to interact with their players. We are combining the best of classical board and computer games”, says Robert Wilm, founder and CEO of Public Solution GmbH. “We are delighted to see Public Solution positioned itself to land a big hit in this year‘s Christmas Season”, confirms Ingo Drexler, investment manager of Mountain Super Angel AG. “Two and a half years after our initial seed investment Public Solution has grown to a company that now is positioned to become the world market leader with board games, says Alex v. Frankenberg, managing director of the High-Tech Gründerfonds.
About High-Tech Gründerfonds:
High-Tech Gründerfonds invests venture capital in young technology companies that transform promising scientific research into business enterprises. The seed financing of up to 500 T€ shall result in a technical prototype, a proof of concept or a proof of market. High-Tech Gründerfonds has access to a fund volume of around 272.0 million Euro. Investors in this public-private partnership include the Federal Ministry for Economy and Technology, the KfW Banking Group as well as the six industry companies BASF, Robert Bosch, Carl Zeiss, Daimler, Deutsche Telekom and Siemens.
Dr. Alex von Frankenberg
High-Tech Gründerfonds Management GmbH
Tel: +49 228 – 965685-00
Fax: +49 228 – 965685-50
About MOUNTAIN SUPER ANGEL AG:
MOUNTAIN SUPER ANGEL AG is a public Swiss investment company based in St. Gallen. The corporation was initiated by the Mountain Partners Group and draws upon the group’s widespread network. The company considers itself as an ´institutional investor with business angel character´. Thus, Mountain Super Angel AG invests in companies and in return offers market expertise and management-know-how to support growth potential.
The investment focus is on technology-driven markets with a high growth potential – primarily in German speaking countries. The equity is mainly invested into early-stage financing, restructuring and pre-IPO transactions. MOUNTAIN SUPER ANGEL AG shares are traded under 4MS (ISIN: CH0033050961) on the Open Market of the Frankfurt Stock Exchange.
KfW gives impulses for the economy, society and ecology in Germany, Europe and the world over. It supports change and promotes promising ideas. Start-ups, tech companies and established SMEs can find tailor-made transparent offers of equity finance products.
In the area of early stage financing you will find suitable financing offers, for both the start-up and the seed phase. The ERP Start Fund provides equity finance for the start-up phase of young technological companies. The Start Fund leverages private equity since it only provides capital if a co-investor is involved. In this way, it creates incentives for private investors to enter the market. The participations by KfW and co-investor are subject to the same economic conditions.
In the later stage segment, the ERP Participation Programme offers equity finance to established SMEs. In addition, under the initiative ‘equity for the SME sector at large‘ KfW is attempting to close the ‘equity gap‘ that has been identified for participations ranging between EUR 1-5 million.