Infosys invests $5.4Mn in German venture fund
BENGALURU, INDIA — IT services giant Infosys has announced an investment of €5 million (US$ 5.4 million) in UVC Partners, a German venture capital fund.
The investment, capped at 20% of the fund’s size, will be made via Infosys Germany GmbH, a wholly-owned subsidiary.
It aims to bolster innovation in artificial intelligence (AI) and deep technology, enhancing Infosys’ capabilities to support clients in their business transformation journeys.
Strengthening European tech ecosystem
Infosys views Germany as a critical market and sees UVC Partners as a leading early-stage venture capital firm investing in disruptive startups across Germany and Europe.
UVC Partners focuses on sectors such as AI, software, semiconductors, and mobility. The fund’s exclusive partnership with UnternehmerTUM, a leading European technical university, provides access to a valuable network of industry professionals and talent.
“The Infosys Innovation Fund aims to partner with UVC’s ecosystem and startups to complement our capabilities and co-create next-generation solutions,” the company said in an exchange filing.
The investment will be executed over approximately five years as capital calls are made.
Meanwhile, Infosys previously acquired in-tech, a German engineering services provider focused on the automotive industry.
The deal, valued at around €450 million ($480 million), is expected to close in the first half of fiscal year 2025, subject to regulatory approvals.
Infosys’ financial outlook
Infosys reported revenues at US$ 4.7 million, with a growth of 2.1% year-on-year.
“We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation,” said Infosys CEO Salil Parekh.
“This is a testimony to our differentiated service offerings, enormous client trust, and relentless execution.”Infosys secured the #8 spot in the OA500 2024, an objective index of the world’s top 500 outsourcing companies.
