Lower Saxony supported start-ups with over 17 million euros in the first quarter

The money flowed into 23 young companies. The situation of many start-ups in the state is still tense even after a year of pandemic.

NBank Capital, the investment arm of Investitions- und Förderbank Niedersachsen NBank, takes stock of the first quarter of 2021: 17.4 million euros flowed into 23 young companies, the largest share of which directly with 13.5 million euros in 16 start-ups as follow-up financing or new investments. 4.1 million euros went to already more established companies "After more than a year in the pandemic, the financing situation for many young and innovative companies remains tense," says NBank Capital Managing Director Ralf Borchers.

For the most part, the bank invested through the NVenture Fund, which is made up of funds from KfW and the state of Lower Saxony and supports companies in coping with the Corona pandemic. "We are pleased that we were able to provide concrete help and open up growth prospects in many cases with the NVenture Fund," says Borchers. The highest round in which NBank Capital participated was a seven-figure sum for the Braunschweig-based life science start-up Corat Therapeutics, which is dedicated to a drug for severe Covid 19 disease. The average investment in start-ups from NBank Capital was 650,000 euros.

In total, the bank's portfolio now includes 87 companies with an investment volume of 74 million euros.

Like it? Please spread the word:


Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts