Munich-based venture capital firm Target Partners has made a seven figure Series A investment in Theva Dünnschichttechnik. BayBG Bayerische Beteiligungsgesellschaft joins Target Partners as a co-investor in the Munich-based technology company.
Munich-based venture capital firm Target Partners
today announced a seven figure Series A investment in Theva
Dünnschichttechnik GmbH (Theva). BayBG Bayerische
Beteiligungsgesellschaft joins Target Partners as a co-investor in the
Munich-based technology company.
Theva is a specialist in 2nd generation (2G)
high temperature superconductors (HTS).
The funding will support development of
production lines for 2G HTS tape for use in
electrical power engineering applications.
Over the past ten years, Theva has
developed a proprietary, patented process
technology for manufacturing 2G HTS tape designed for applications such as electricity
transmission, generators and electrical systems. 2G HTS tape can conduct two hundred
times more electrical current than copper wire of the same dimensions. This results in
huge potential savings for electricity grid expansion and increased power generation
efficiency, while allowing for environmentally friendly electrical transmission. Theva
provides a simple and cost-efficient process that ensures a high quality product. “We are
also the only company in the industry with in-house equipment manufacturing capability,”
said Dr. Werner Prusseit, CEO of Theva.
Theva Dünnschichttechnik GmbH coated conductors
Kurt Müller, a partner at Target Partners, explained why the firm decided to invest:
“Theva’s world-class team brings the ideal background and qualifications to the table.
Their technical skills, many years of experience, and an excellent industry network are the
cornerstones of the company’s continued success.”
Alexander Ullmann, senior project manager at co-investor BayBG, added, “The expertise
of key Theva personnel and the favorable market and competitive environment are what
tipped the scales in favor of our investment.”
“We are delighted to have found long-term, strategically oriented investors in Target
Partners and the BayBG,” said Dr. Prusseit about the decision to opt for BayBG and
About Target Partners:
With €225 million under management, Target Partners is one of the leading early-stage venture capital firms
in Germany. Target Partners invests in new start-up and early-stage companies, and supports them with
venture capital during their build-out and expansion phases. With many years of experience as managers,
entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and
marketing products and services, building organizations, raising money, and taking companies public, in
Europe and the United States.
For more details: www.targetpartners.de, follow us on Twitter: twitter.com/targetpartners or become a friend
on Facebook: facebook.com/targetpartners.
Press contact Target Partners:
Agency for enterprise communication
Am Glockenbach 3
80469 Munich, Germany
Tel.: +49 89 411 53 199
Fax: +49 89 411 53 200
About Theva Dünnschichttechnik GmbH:
Since 1996, Theva has been developing flexible HTS coated conductors for power engineering. Thanks to
proprietary, independent technology access and a broad portfolio of patents, Theva is taking a leading role in
coated conductor technology. The company is backed by a team of experienced development engineers and
technicians. Theva builds specialized equipment and components for physical coating, and is a leader in
quality control of superconductor coatings. Theva instruments have become the worldwide standard for HTS
quality control. Its headquarters is located in Ismaning near Munich. The company has sales representatives
in Asia and the US.
Contact Theva Dünnschichttechnik GmbH:
Theva Dünnschichttechnik GmbH
85737 Ismaning, Germany
Dr. Werner Prusseit
Tel.: +49 89 923 346 0
Through its investments, BayBG is currently strengthening the capital base of 500 small and medium-sized
businesses. BayBG is the Bavarian market leader among medium-sized, enterprise-oriented investment
companies. Through its commitment, BayBG enables companies to implement plans for innovation and
growth, manage corporate succession, optimize the capital structure and realize turnaround projects.
Press contact BayBG:
BayBG Bayerische Beteiligungsgesellschaft
80539 Munich, Germany
Tel.: +49 89 122280 177