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fayteq AG receives growth finance from bm|t and an angel investor consortium led by Dr. Cornelius Boersch

  • 2015

On August 6, 2015, fayteq AG obtained a cap­i­tal increase to finance fur­ther growth and inter­na­tion­al­iza­tion. In addi­tion to the exist­ing investors, a con­sor­tium under the lead­er­ship of Dr. Cor­nelius Boer­sch was incor­po­rated into the cir­cle of share­hold­ers. The fund­ing amount and con­di­tions have not been disclosed.

The pur­pose of this cap­i­tal increase is to finance the con­tin­ued growth of fayteq AG and, in par­tic­u­lar, to accel­er­ate the devel­op­ment and mar­ket­ing of our prod­ucts and tech­nol­ogy. fayteq is a pio­neer in real-time video mod­i­fi­ca­tion tech­nol­ogy and the mar­ket bench­mark in the field of object removal. We thank our new and exist­ing share­hold­ers for the trust placed in us,” said André Mün­nich, CEO of fayteq AG.

fayteq’s suc­cess­ful path – from a spin-off of the Tech­ni­cal Uni­ver­sity of Ilme­nau to an inter­na­tion­ally rec­og­nized tech­nol­ogy provider with a highly inter­est­ing patent and cus­tomer port­fo­lio – has con­vinced us to scale up our finan­cial com­mit­ment,” added Stephan Beier, Invest­ment Man­ager at the Erfurt-based bm|t, which has been invested in the com­pany since 2013.

I believe that the fayteq team will be able to suc­cess­fully roll out their tech­nol­ogy glob­ally,” said Dr. Cor­nelius Boer­sch about his invest­ment decision.

About fayteq AG

fayteq is a spe­cial­ist in soft­ware solu­tions for real-time video mod­i­fi­ca­tion, video inpaint­ing and camera/object track­ing for authen­tic inte­gra­tion and removal of objects in videos. fayteq’s Dimin­ished Real­ity tech­nol­ogy enables the smooth removal of objects from video streams. “We see the great­est poten­tial in the areas of film and tele­vi­sion post-pro­duc­tion as well as indi­vid­u­al­ized vir­tual adver­tis­ing,” says CEO André Mün­nich. With fayteq tech­nol­ogy, mis­takes that are appar­ent in video, such as vis­i­ble micro­phones, can be removed; desired objects, such as logos on foot­ball jer­seys, can be integrated.

fayteq AG is head­quar­tered in Kin­der­Me­dien­Zen­trum in Erfurt. It was founded in August 2011 as a spin-off from the Tech­ni­cal Uni­ver­sity of Ilme­nau. The com­pany cur­rently employs 10 employ­ees and is con­tin­u­ing to grow.

Con­tact: André Mün­nich, CEO, Tel.: +49 361 3494 8252–0

About bm|t

bm|t (beteili­gungs­man­age­ment thürin­gen GmbH) is a sub­sidiary of the Thuringia Devel­op­ment Bank and the pre­mier part­ner for invest­ments in Thuringia. bm|t cur­rently admin­is­ters six funds with a total vol­ume of around €250 mil­lion. bm|t invests in inno­v­a­tive com­pa­nies from all high-yield sec­tors and in all stages of a company’s life cycle, from start-up to IPO or MBO.

Con­tact: Stephan Beier, Invest­ment Man­ager, Tel.: +49 361 74 47 607

About Dr. Cor­nelius Boersch

Conny” Boer­sch is the founder of Moun­tain Part­ners. He has been an entre­pre­neur since 1990 and is the founder of ACG AG, a leader in the RFID seg­ment. In 1999, he achieved a suc­cess­ful IPO of ACG AG on the Frank­furt Stock Exchange. Conny Boer­sch sup­ports, among other things, the devel­op­ment and IPOs of tech­nol­ogy com­pa­nies, such as Smar­trac and Iden­tiv. Smar­trac debuted on the Frank­furt Stock Exchange in 2006, and Iden­tiv has been listed on NASDAQ since 2010. Conny Boer­sch is cur­rently one of the most active busi­ness angels in Europe. In 2009, he was elected “Euro­pean Busi­ness Angel of the Year”. He stud­ied at the Euro­pean Busi­ness School in Oestrich-Winkel and has a doc­tor­ate from the Uni­ver­sity of Duisburg-Essen.

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