Florian Fritsch (businessman)

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Florian Fritsch

Florian Fritsch (born March 3, 1978) is a German entrepreneur, investor, and former racing driver. He is the founder and chairman of Fritsch & Co., based in Vaduz, and of Kalrock, an investment firm with its headquarters in Zug and branches in London and Luxembourg. Fritsch was born in Albstadt-Ebingen, Baden-Württemberg, Germany. He is married and lives in Appenzell. Due to a racing accident, he gave up his hobby as a racing driver after his last season in the 2011 ADAC GT Masters.[1] Racing is what led him to begin investing in E-mobility.[2]

Career[edit]

One of his prominent projects was the funding of the Berlin-based IoT-Startup company Relayr in 2013. For its product “Wunderbar”, Relayr won the CODE n-Award in 2015.[3] Fritsch successfully managed to get Kleiner Perkins Caufield & Byers to invest as well, who are well-known for their investments in Amazon and Google.[4] Relayr was then sold in 2018 to the German reinsurance company Munich RE for US$300 million.[5] Through his investment firm, Florian Fritsch also invested in the food delivery service Delivery Hero and the Austrian manufacturing company Kreisel Electric.[2][6]

Together with a Dubai-based investor, Murari Lal Jalan, Kalrock won the bid for Jet Airways, the formerly largest airline in India.[7] The Committee of Creditors approved the resolution plan of Jalan and Fritsch on October 17 2020. The plans for Jet Airways of the consortium include to regain lost slots, to expand the long-haul services, and modernizing the aircraft fleet.[8]

Fritsch is also a shareholder and the chairman of the supervisory board of GROPYUS, founded in 2019. GROPYUS‘ purpose is "affordable, smart, and sustainable buildings for everyone“.[9] The Family office of Florian Fritsch handles wealth management with over €1 billion.[2]

Philanthropy[edit]

Fritsch was a volunteer in Germany as paramedic and firefighter. In Austria, he is supporting the Albertina museum in Vienna through the Baumann/Fritsch Foundation. He is a longtime sponsor of the British sprinter James Ellington, who, after a serious road accident in 2017 is contesting a third Olympics.[10] He is also a sponsor of the youth sports of the Austrian association football club SC Austria Lustenau. In March 2020, together with SC Austria Lustenau and the distillery Freihof, Fritsch initiated the collection of alcohol in order to produce disinfectant from it. The disinfectant was then donated to health care facilities in Vorarlberg and Liechtenstein.[11]

References[edit]

  1. "Florian Fritsch - ADAC GT Masters - Driver 2011". ADAC Motorsport. Retrieved 25 November 2020.
  2. 2.0 2.1 2.2 Fiala, Klaus. "NACHHALTIGES RISIKO". Forbes (in Deutsch). Retrieved 20 September 2020.
  3. Burke, Elaine (20 March 2015). "'Chocolate bar' of IoT sensors wins €30,000 Code_n prize at CeBIT". Silicon Republic. Retrieved 25 November 2020.
  4. Haggin, Patience (1 November 2016). "Relayr Powers Up $23M Series B for Industrial IoT Sensors". Wall Street Journal. Retrieved 2 September 2020.
  5. Lomas, Lomas. "Munich Re buys IoT middleware startup, relayr, in deal worth $300M". TechCrunch. Retrieved 15 May 2020.
  6. Ecker, Bernd (20 November 2020). "E-DAVID TRIFFT ÖL-GOLIATH". trend Nr. 47/2020 (in Deutsch). Austria: VGN Medien Holding GmbH.
  7. Balachandran, Manu. "From Ranchi To Tashkent Via Dubai: The Mysterious Man Gearing Up To Fly Jet Airways". Forbes India. Retrieved 24 November 2020.
  8. Tyagi, Harshita (26 October 2020). "Exclusive: Jet Airways revival plan to be submitted to NCLT this week". www.timesnownews.com. Retrieved 25 November 2020.
  9. Ebner, Gerd (18 March 2020). "Completely rethought constructions". Timber Online. Retrieved 21 May 2020.
  10. McAuley, John (25 March 2021). "Olympic Dreams: Dubai-based British sprinter James Ellington 'blessed to be alive' as he targets third Games". thenationalnews.com. Retrieved 30 March 2021.
  11. "Second division Austria Lustenau asks for alcohol donations «kleinezeitung.at". World Today News. 21 March 2020. Retrieved 11 September 2020.

External links[edit]


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