GRUENDELPARTNER advises on seed financing for FlyNex

Leipzig-based FlyNex GmbH, a provider of digital solutions for drone-based data collection and analysis, has successfully completed a financing round worth millions.

In addition to a follow-up investment by Technologiegründerfonds Sachsen (TGFS), SBG - Sächsische Beteiligungsgesellschaft is also participating for the first time as part of the new Innovationskapital Sachsen ("RIG") programme co-financed by the German government's Future Fund. The fresh capital is to be invested specifically in the expansion of the technology platform, the expansion of the team and international scaling.

FlyNex is one of the leading providers for planning, executing and analysing drone missions for the predictive maintenance of infrastructures. With the FlyNex Enterprise Suite, the company offers a scalable solution for airborne inspections.

The TGFS is an equity capital partner in Saxony for the seed and start-up phase. 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. The TGFS entered its third fund generation in 2023.

SBG - Sächsische Beteiligungsgesellschaft mbH provides equity capital for growth-oriented, innovative companies as an investment partner of the Free State of Saxony. With the RegioInnoGrowth Fund (RIG), which it manages, SBG invests specifically in technology-driven companies in the growth phase as part of the "Saxony Innovation Capital" programme.

GRUENDELPARTNER provided comprehensive legal advice to TGFS as part of the financing round.

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