The media reports that the venture capital company Capmont Technology, which is based in Munich, has launched a fund worth $111 million.

The mentioned firm was founded in 2016. Since then, the company has raised $334 million. This firm focuses on technology startups in the B2B area from the late stage to the Series B stage.

Dr. Torsten Kreindl, the Capmont managing partner, says that startups operate in a highly competitive environment, but at the same time, they are incredibly collaborative. In the relevant context, it was noted that the Munich-based company strives to offer the founders an unmatched network and does everything to help them succeed. Dr. Torsten Kreindl stated that in this case, it means not only deploying capital. Capmont operates within the framework of a long-term prospect-oriented approach. The company introduces the founders to decision makers, potential clients, or steps in with additional funding if such a need arises.

Capmont operates in sectors such as supply chains, manufacturing, the Internet of Things (IoT), cybersecurity, robotics, and software-as-a-service. Among the past investments of the company are Konux, the firm specializing in the optimization of railway transportation based on artificial intelligence, and ProGlove, an industrial IoT brand, later acquired by Nordic Capital.

It is worth noting that venture capital companies are currently seeking to restore funding after a period of prolonged downturn. For example, this week it became known that the venture outfit Insight Partners is preparing to close a fund worth more than $10 billion.