Commits investment of ?5.0 million to fund tech startups in Europe
Infosys has agreed with UVC Partners (www.uvcpartners.com), a Venture Capital fund based out of Germany, committing to invest 5.0 million. The company has completed the signing of the agreement. The
investment will be made as and when the capital is called over the
investment period of approximately 5 years
AI and Deep Tech continue to evolve rapidly and are key to Infosys’
strategy with increased usage across Infosys’ clients for creation of
intelligent products, experiences, and business transformation.
Germany is a strategic market for Infosys and UVC is a leading earlystage venture capital firm investing in disruptive startups from the
German and the European ecosystems.
Infosys Innovation Fund seeks to partners with UVC’s ecosystem and
startups to complement its capabilities, and jointly co-create nextgeneration solutions bringing the power of AI and Deep Tech to help
its clients navigate their business transformation.
In the new fund of UVC Fonds IV GmbH & Co. KG, the investment will
be made through Infosys Germany GmbH, a step down wholly owned
subsidiary of Infosys.
Unternehmertum Venture Capital (UVC) Partners is a leading
Germany based early-stage venture capital firm that invests in
European B2B tech startups. UVC invests in startups striving to solve
global challenges through technology and innovation.
The focus areas include AI, Software, Deep Tech, Space Tech,
Semiconductors, Quantum, Robotics, Decarbonization, Nuclear
Fusion, Hydrogen and Mobility.
As an exclusive partner of UnternehmerTUM, one of the most
extensive innovation and startup center in Europe, UVC has access to
an ecosystem of industrial network and talent from TUM, a leading
European technical university.
UVC brings an extensive investment and exit experience, ability to
build sustainable category leaders with a competitive advantage, and
passion for growing the gamechangers of tomorrow.
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First Published: Jul 23 2024 | 7:10 PM IST
