German government and corporate-backed venture capital firm High-Tech Gruenderfonds (HTGF) has exited two of its portfolio companies.
HTGF sold its shares in Germany-based digital image analysis business Sopat to the investment company of business angel Max Iann.The sum paid by Dr Max Iann Invest was not revealed but HTGF confirmed the exit was at a profit.
In February 2013, HTGF and venture capital firm Steelhouse Ventures took part in the first round of funding for Sopat.
Another portfolio company, Germany-based metrology specialist Luphos, was acquired by electronic equipment manufacturer Ametek for an undisclosed amount.
Luphos received financing from HTGF in 2008 and 2010, as well as from regional financial services provider Wagnisfinanzierungsgesellschaft für Technologieforderung.
Three members and the chair of the Institute of Applied Physics at Darmstadt’s University of Technology founded Luphos in 2006.