ERP-EIF Dachfonds signs EUR 30 million cornerstone commitment in INCOM III

European Investment Fund has signed a cornerstone commitment of EUR 30 million in INCOM III - Technofonds GmbH & Co. KG., a venture capital fund focusing on investments in German software, hardware and telecommunications early-stage companies. The target fund size is EUR 100 million. The fund is to be managed by Hamburg-based Dr. Neuhaus Technonord and will be the third fund managed by the team.

Matthias Ummenhofer, who is responsible for the management of the ERP-EIF Dachfonds at European Investment Fund, said INCOM's investment strategy has evolved, shaped through the team's management experience of two previous funds which both show a top quartile performance and which are highly relevant to the strategy of INCOM III. With its industry know-how and technology insight, complementary skill-set and strong entrepreneurial and operational experience, the team is perfectly equipped to address early-stage investment opportunities in the targeted ICT segments.