Skip to content
VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 7 SOURCES

TT49

Also known as TT49 Management GmbH, TT49 Fund I GmbH & Co. KG, Fraunhofer Technologie-Transfer Fonds (FTTF)

Munich pre-seed VC for German research spin-offs (Fraunhofer, DLR, Max Planck…); successor to FTTF, €90m target, first close >€70m (Jan 2026) from Fraunhofer, EIF, DLR, families.

Successor fund to the Fraunhofer Technology Transfer Fund (FTTF), run by the same GPs at the same Munich address. Not Fraunhofer Venture, Fraunhofer's internal spin-off support unit.

HEADQUARTERS
Munich, Germany
FOUNDED
—
AUM
€70M (2026)
OUTSIDE CAPITAL
Yes
TEAM LISTED
8 people

Focus

STAGES
Pre-SeedSeed
SECTORS
Deep TechIndustrial & ManufacturingSoftware & SaaSArtificial IntelligenceClimate & EnergySpaceFood & Agriculture
ASSET MIX
Venture capital
GEOGRAPHY
GermanyEurope

Investment arms & vehicles

  • Fraunhofer Technologie-Transfer Fonds (FTTF)
    Predecessor fund initiated by Fraunhofer with the EIF; financed 39 spin-offs between 2019 and 2023 (Fraunhofer, Jan 2026)
  • TT49 Fund I GmbH & Co. KG
    Current fund (SFDR Art. 8 product) managed by TT49 Management GmbH

Overview

TT49 Management GmbH in Munich manages TT49 Fund I GmbH & Co. KG, a pre-seed venture fund initiated by the Fraunhofer-Gesellschaft with the European Investment Fund as successor to the Fraunhofer Technology Transfer Fund (FTTF). The fund targets €90 million; its first closing in January 2026 exceeded €70 million, with commitments from Fraunhofer, the EIF (via several facilities), the German Aerospace Center DLR and private investors including entrepreneurial families and hidden champions. It backs spin-offs from Fraunhofer, DLR, Helmholtz, Leibniz, Max Planck and partner universities with €250k–1m initial tickets and follow-ons up to €7m. The four general partners previously ran FTTF.

Investment thesis

Pre-seed (occasionally seed) investor in science-based, technology-neutral deep-tech spin-offs from Fraunhofer, DLR, Helmholtz, Leibniz, Max Planck and partner universities, typically when research transitions into a company (average startup age about 3 months); initial tickets €250k–1m with follow-ons up to €7m. Drug research is currently excluded.

PORTFOLIO (35)

People

  • Matthias Keckl
    General Partner; managing director of TT49 Management GmbH; former head of Fraunhofer Venture Lab · source
  • Tobias Schwind
    General Partner; managing director of TT49 Management GmbH; co-founder of Fraunhofer spin-out Industrial Solar · source
  • Johann C. Siemes
    General Partner; managing director of TT49 Management GmbH; former Fraunhofer legal counsel and startup manager · source
  • Joerg Wamser
    General Partner; managing director of TT49 Management GmbH; co-founder of two Max Planck spin-offs · source
  • Liane Beckmann
    CFO · source
  • Ole Moritz
    COO / Investment Team · source
  • Dr. Thorsten Müller
    Venture Partner · source
  • Dr. Edeltraud Leibrock
    Venture Partner · source

Links

Frequently asked questions

TT49 is a VC fund based in Munich, Germany.

Yes. TT49 invests its own capital in private companies.

TT49 invests at Pre-Seed and Seed stages in Deep Tech, Industrial & Manufacturing, Software & SaaS, Artificial Intelligence, Climate & Energy, Space and Food & Agriculture.

TT49's stated ticket size is €250K–€1M.

Key people at TT49 include Matthias Keckl (General Partner; managing director of TT49 Management GmbH; former head of Fraunhofer Venture Lab), Tobias Schwind (General Partner; managing director of TT49 Management GmbH; co-founder of Fraunhofer spin-out Industrial Solar), Johann C. Siemes (General Partner; managing director of TT49 Management GmbH; former Fraunhofer legal counsel and startup manager) and Joerg Wamser (General Partner; managing director of TT49 Management GmbH; co-founder of two Max Planck spin-offs).

TT49's investments include 3D Spark (FTTF), Acalta (FTTF), AdiutaByte (acq. by MediFox DAN Group) (FTTF), Aves Reality (FTTF), Cerabyte (other GP investment), Constellr (FTTF), Credium (FTTF) and Darmstadt Graphics Group (DGG) (FTTF), among others.

The most recent publicly reported investment by TT49 is Qurie (Pre-seed (€2.2m, with HTGF and Aepikur)), announced in Apr 2026.

Yes. TT49 manages capital from outside investors.