Leading manufacturer of magnetic buckles with mechanical closure in a multitude of formats and with consumer products like bike bottles and hermetic bags
Entry
2017
Exit
2017 sold to KNIPEX owner
Reasons to invest
I was fascinated by the innovative prototype Joachim Fiedler brought to me in 2007 and also by his personality which is a rare combination of Daniel Düsentrieb/Gyro Gearloose creativity, commercial sense and acumen, hard work mentality and the will to succeed. So I was the first investor and gathered a first round including the HTGF. I was also involved a bit operationally in the beginning, finding the name and logo and naming the first products and have always enjoyed the exchange with Joachim.
Learnings
Companies practically almost need more time and money than forecast in the first business plan and resilience plays out in the end