German VC fund Smart Infrastructure Ventures launches €30 million SIVentures II Fund to support early-stage startups

Following the success of its first fund, Leipzig-based VC fund Smart Infrastructure Ventures has announced the launch of its €30 million fund, SIVentures II to further invest in early-stage startups focused on innovative technologies in AI, IT infrastructure and energy.

The current investment strategy plans to ​invest in a total of around 30 startup teams, above all in the DACH region, with up to €500k being made available for initial investments.

“We have already recorded two successful exits, such as the sale of the Leipzig-based digital health startup mentor to the US medical technology group ResMed. This significant exit after a short period of time has naturally had a positive impact on our fundraising for SIVentures II,” explains Dirk Frohnert, one of the two managing directors of SIVentures.

Founded in 2019, the founding team – consisting of Björn Bauermeister, formerly a trader at BNP Paribas in New York and London, and Dirk Frohnert, formerly a fund manager at JPMorgan in London – is supported by Falk Trietsch as an investment manager.

The SIVentures team has more than 20 years’ experience in investment and entrepreneurship.

SIVentures also works closely with the SpinLab group, which manages several accelerator programmes in Germany and has an extensive partner network.

“As an active investor, we not only offer startups capital, but also see ourselves as a proactive sparring partner,” adds Björn Bauermeister, the second Managing Director of SIVentures.

After the successful closing of the first fund in 2024, more than 75% of the target value of €30 million has already been achieved. The fund’s management plans to double its volume compared to the first fund.

Successful investments from the first fund include the Jena-based cybersecurity-company Enginsight. According to the fund, their portfolio companies have created more than 300 new jobs in Germany to date.

The new fund will focus on B2B startups in the pre-Seed and Seed phase, and has already made four investments in the fields of AI, software development and enterprise software. Other potential investments are now in the due-diligence.

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