Urgent.News

What's breaking now, across thousands of outlets.

Business

Wagniskapital: Gabelstaplerhersteller Jungheinrich investiert jetzt in Start-ups

Jungheinrich startet im Geschäft mit Wagniskapital und legt einen 100-Millionen-Euro-Fonds auf. Der Manager Christian Noske steuert die Investments der Tochterfirma Uplift Ventures.

Wagniskapital: Gabelstaplerhersteller Jungheinrich investiert jetzt in Start-ups

Berlin - The warehouse equipment manufacturer Jungheinrich will now also operate as an investor. The Hamburg company, in its 70-year history, is establishing a fund for venture capital, for the first time, according to its own statements. The first fund of the subsidiary Uplift Ventures amounts to 100 million euros. The money is to flow largely directly into start-ups, but also partly into smaller venture capitalists.

The business will be overseen by experienced investor Christian Noske, who recently moved on from Nokia's financial arm NGP Capital. However, the Finnish network equipment manufacturer had decided to significantly reduce its start-up investments in the spring, making room for Noske as General Partner to Uplift. "Europe needs committed deeptech investors who stay in the long term," Noske said in an interview with the Handelsblatt.

The decisive factor for him was also Jungheinrich's long-term perspective: VC is designed for the long term. The fund has just been set up, and Noske said they have not invested yet. Now, they plan to do so as soon as possible. Noske has already a preference for the first investment.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Wednesday 2 September →