TRUMPF founds venture capital company

TRUMPF GmbH + Co. KG, a manufacturer of sheet metal processing equipment and industrial lasers based in Ditzingen, Germany, has founded TRUMPF Venture GmbH, a venture capital company for funding technology startups.

The aim of the company is to fund promising young companies that want to play a major role in shaping the future of industry. Over the next five years, the company plans to establish an investment portfolio of nearly $45 million.

"Once we get into our stride, we plan to participate in around five startups per year. As a strategic investor, we want to use our network, our industrial production expertise, and our technological know-how to assist startups with market launch and successful growth,” said Christof Siebert, head of technology management at TRUMPF.

The company is especially interested in the fields of photonics and digitally connected production, as well as in new manufacturing processes, smart components, and high-tech materials.