The founders of backpack brand Fond Of have joined 32 corporate investors in High-Tech Gründerfonds' third fund, which has now officially closed.

Germany-based public-private partnership High-Tech Gründerfonds (HTGF) secured €3m ($3.5m) from the co-founders of backpack and fashion label Fond Of on Tuesday to close its third corporate-backed fund at $375m. Founded in 2005, HTGF backs early-stage startups and typically provides up to $3.5m per portfolio company, though it has the option to supply more capital to…

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