PolyTechnos Venture-Partners, a German venture capital firm, has raised one of the largest high-tech investment funds in Germany in the last year, giving a boost to an industry struggling to keep afloat.

PolyTechnos raised €130m ($140m), beating TVM Techno Venture Management, a German-US technology venture firm, which closed its fund at €128m last October. Both firms were below original target level: PolyTechnos planned to raise €150m to €180m when it started a year ago, and TVM missed its target of €250m.