Betterfront completes seed financing from HTGF to bring private equity fund raising to the next level

September 16, 2020

Private equity fund managers can say goodbye to the madness of the capital-raising process thanks to Betterfront’s data-driven fundraising platform. The company provides fund managers with a fundraising and data analytics platform, which generates insights that drive allocators’ investment decisions. High-Tech Gründerfonds led the seed round and was joined by a group of angel investors.

Betterfront closed an oversubscribed seed round. HTGF led the financing with the participation of a group of founders, investors, and executives as angel investors.

We are fortunate to have the backing of professional investors and experienced founders so early in the journey of the company. With the right partners at our side, Betterfront is well- positioned to transform the investment technology market.

Michel Geolier, CEO and co-founder of Betterfront

Betterfront’s end-to-end fundraising platform breaks up with outdated incumbent technology providers. The company has developed a set of industry-specific data analytics that connects fund managers’ track record to their fundraising story. Combined with a fundraising platform, customers use Betterfront instead of standard data rooms to successfully raise capital from and deliver a better experience to institutional investors.

The private capital market has historically been low-tech, relying on Excel and data rooms to operate. With currently more than 4,000 funds looking to secure capital from institutional investors, fund managers who want to stand out from the competition and successfully close their next fund will need to leverage new technologies. The investment from HTGF alongside angel investors will allow us to accelerate product development and launch more customers.

Michel Geolier, CEO and co-founder of Betterfront

For us, the high added value for Betterfront’s customers was a key factor in our investment decision. We are looking forward to working with this great and passionate team on their journey!

Simon Math, responsible Investment Manager at High-Tech Gründerfonds

Founded in 2019 by Michel Geolier (former investor with Siemens Fonds Invest), Worathti Manosroi (former co-founder & CTPO at combyne), and Sergi Case (former software engineer at Check24), the team combines investment, product design, and software engineering experiences to build the next generation of private market technologies.

About Betterfront
Betterfront is a Munich-based investment technology company. The firm provides a fundraising and data analytics platform that helps fund managers attract, engage, and retain institutional investors.
www.betterfront.io

Press contact
Betterfront Technologies GmbH Kaufingerstraße 15
80331 Munich
Michel Geolier, CEO & Co-Founder
michel@betterfront.io

About High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start-ups. With around EUR 900 million in total investment volume across three funds and an international network of partners, HTGF has already helped forge almost 600 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and startup experts help guide the development of young companies. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial technology, life sciences, chemistry and related business areas. To date, external investors have injected over EUR 2.6 billion into the HTGF portfolio via more than 1,600 follow-on financing rounds. HTGF has also successfully sold interests in more than 100 companies.

Investors in the public-private partnership include the Federal Ministry of Economics and Energy, KfW Capital, the Fraunhofer-Gesellschaft and 32 companies. Our Fund Investors
www.htgf.de/en

Contact
High-Tech Gründerfonds Management GmbH
Simon Math, Investment Manager
T.: +49 (0) 30 4036648 61
s.math@htgf.de