What does Porsche have to do with contraception? Nothing, as far as its cars are concerned. Nevertheless, the Volkswagen subsidiary has a stake in a startup fund that includes a Swedish fertility monitoring app called Natural Cycles.
The new €150 million investment fund was established by the Hamburg offices of global venture capital firm e-ventures, Handelsblatt has learned. Much of the money in the fund comes from big German companies like Porsche, the Haniel Group, Metro, Oetker, Rewe and Otto, which has been one of the main sources of e.ventures’ funds since 2008.
“The participation is a strategic element of our program for the future,” said Lutz Meschke, deputy head of Porsche AG. “We want to be sure of access to innovative startups and new technologies – as well as strengthening our network. But of course we’re also interested in seeing returns.”