GRUENDELPARTNER advises TGFS on seed funding for clarait GmbH

As part of a seed funding round, the TGFS Technology Start-up Fund Saxony, together with the HR Angels Club, is investing a seven-figure sum in clarait GmbH, Leipzig.

Founded in 2023, the HR tech start-up develops specialised B2B SaaS solutions for digital collaboration between works councils, HR departments and management. With its BRbase and HRflows platforms, clarait enables the legally compliant organisation of co-determination processes, as well as the structured, legally vetted documentation of HR measures subject to co-determination. The aim is to further expand the technological platform, integrate AI-supported functions and prepare for internationalisation within the DACH region.

TGFS is an equity partner for technology-oriented start-ups in the seed and start-up phases in Saxony. Since its launch in 2008, the fund has supported over 100 companies; the third generation of the fund was launched in 2023.

GRUENDELPARTNER provided comprehensive legal advice to the lead investor, TGFS, during the funding round, particularly in relation to due diligence and contract negotiations.

GRUENDELPARTNER’s M&A, Venture Capital and Private Equity practice group is one of the most experienced and best-staffed advisory teams in Central Germany and advises investors and entrepreneurs across all stages of development – from start-up through growth financing to exit transactions.