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firstVentury holds first Closing of its new technology fund
firstVentury announces first closing of the aeris Technology Fund and initial investments

On November 8, 2006, firstVentury, the German VC firm domiciled in Heidelberg, announced the first closing of the Aeris Technology Fund. At the end of the first closing of the subscription, a total of € 40 million was secured in new commitments for the fund. The target volume of the Aeris Technology Fund is € 100 million, with the final closing expected in mid-2007. The fund’s legal form is based on the Luxembourg SICAR (Sociétés d´Investissement en Capital à Risque), and it is accredited at the CSSF (Commission de Surveillance du Secteur Financier), the banking supervision of Luxembourg. The fund is managed by firstVentury.

The investors of the Aeris Technology Fund consist of German, British and Swiss Family Offices. “As an entrepreneurial hands-on venture capital firm, this set-up of investors suits us very much,” said Uwe R. Feuersenger, Managing Partner of firstVentury. “Family Offices, whose assets usually stem from entrepreneurial activities, are interested in long-term investments, while their extensive networks can significantly contribute to the development of our portfolio companies.”

The Aeris Technology Fund provides interested investors with access to attractive pre-market shares in companies. “The contents of the new investment portfolio will be based on the established investment criteria of firstVentury. These are the identification of future markets in the area of convergent technologies that integrate innovations from IT and life sciences, as well as the detection of companies in German speaking countries whose products and solutions have the potential to expand in world markets,” explained Uwe R. Feuersenger.

The first investments carried out by the fund are Vertico Software GmbH of Karlsruhe and TTTech Computertechnik AG, Vienna.

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