Extorel

Extorel is the family office of the Strascheg family, based in Munich, Germany. As an independent institution, it provides comprehensive advice to the family on all investment decisions, aiming for broad portfolio diversification across nearly all asset classes. The firm's primary focus lies in alternative investments, including direct company participations, liquid alternatives/hedge funds, private markets, and real estate. Extorel employs a disciplined investment process for market analysis, value selection, portfolio composition, and risk management.

The firm was founded in 1997 and manages the assets of the Strascheg family. Falk F. Strascheg, a founding partner, is recognized as one of Germany and Europe's most experienced and successful venture investors. He previously founded TECHNOLOGIEHOLDING in 1987, which became a leading venture capital firm in the German-speaking region before its sale to 3i Group plc in 2000. Prior to that, he established Laser-Optronic in 1971, a prominent European manufacturer of lasers, which he successfully sold to Coherent Inc. in 1981. Renate Strascheg, also a partner, has been an entrepreneur for nearly 50 years and co-founded several successful companies. She established the Renate Strascheg Stiftung in 2003 to support art, culture, and monument preservation.

Extorel primarily invests in B2B companies operating in the electronics, laser & semiconductor, and information & web technology sectors across Germany. The firm targets venture and private equity investments in young, innovative technology-driven companies with high growth potential, allocating capital to early-stage and growth-stage businesses. As of July 2018, Extorel had invested in 36 companies, primarily in Series A rounds for Germany-based startups, with investments spanning high tech, enterprise applications, and life sciences. Notable past investments include companies like Torqeedo, Nextmarkets, everphone, Ayondo, and Dynamic Biosensors, with a portfolio that has seen IPOs and acquisitions.

The core team at Extorel brings extensive expertise to their investment activities. Mathias Lindermeir, the Managing Director since 2004, focuses on direct and indirect participations, including private equity and venture capital funds, as well as liquid assets. His background includes roles at 3i and TECHNOLOGIEHOLDING. Dr. Daniel Bohlmann, Investment Director, manages the liquid and illiquid asset portfolio and has experience in quantitative forecasting systems and startup consulting for technology companies. Sebastian Steuer, also an Investment Director, is responsible for the illiquid part of the portfolio and previously worked in corporate consulting for PricewaterhouseCoopers.