Munich, 11 October 2011. mic AG, the venture capital specialist from Munich, has added another promising share to its portfolio by investing in exchangeBA AG. Frankfurt-based exchangeBA AG runs the leading venture capital marketplace in the German-speaking world under www.exchangeba.com. Since 2005, exchangeBA brings together companies looking for funding and investors, including private investors, business angels, family offices as well as venture capital and private equity companies. The strategic investment was made in the context of a capital increase. For mic AG it signifies an extension of their network and it secures far-reaching synergies for the companies in their portfolio.
mic CEO Claus-Georg Müller is convinced that “exchangeBA is exactly the platform early stage companies need.” Manuel Reitmeier, CFO of mic AG, adds: “With our investment in exchange BA we have got, figuratively speaking, a foot in the door of a company with great growth potential and at the same time, the platform also ensures our access to promising start-ups.” After their successful exit from hello2morrow in July 2011, the investment in exchangeBA has again increased the portfolio of mic AG to twelve companies.
Besides the direct investment in exchangeBA, mic AG has, for the first time, acquired a silent partnership with AST GmbH (Advanced Shockwave Technology), a manufacturer of medical devices. The company, based in Jena, produces and sells innovative shock wave devices for kidney stone comminution. High efficiency and flexibility in combination with its compact design make the AST flagship “LithoSpace” a world first. Thanks to its compact size and comparably low acquisition costs, the device qualifies for use in smaller urology offices. Since 2007, AST has increasingly intensified its international activities, which resulted in a cooperation partnership with the Dutch company Philips in 2011. As a flexible shock wave generator, the innovative AST product “LithoSpace” is distributed together with Philips’ already well established UraDiagnost Eleva System.