GRUENDELPARTNER advises TGFS on Prodlane’s funding round

The Saxony Technology Start-up Fund (TGFS) has invested a seven-figure sum in Prodlane GmbH as part of a follow-on funding round. The funding round is supplemented by the first-time investment from SBG – Sächsische Beteiligungsgesellschaft mbH via the Saxony Innovation Capital Programme (RIG). The funds will enable Prodlane to expand its development, sales and marketing teams and drive further growth across the entire DACH region.

Prodlane GmbH, a tech start-up founded in 2021 and based in Leipzig, specialises in software solutions for medium-sized industrial companies. The AI assistant MAIA optimises information-intensive work processes in manufacturing companies by enabling fast and precise access to complex data.

TGFS is an equity partner in Saxony for the seed and start-up phases. The fund was first launched in 2008 by the Free State of Saxony and Saxon financial institutions and has supported over 100 start-ups since then. In 2023, TGFS launched its third fund generation.

GRUENDELPARTNER provided comprehensive legal advice to the lead investor, TGFS, during the contract negotiations as part of the financing round.

GRUENDELPARTNER’s M&A, Venture Capital and Private Equity practice group is one of the most experienced and best-staffed advisory units in Central Germany and supports investors and entrepreneurs through all stages of development, particularly in company formation, business development, corporate financing and all exit processes.