GRUENDELPARTNER advises on SMELA's seed financing round

bmp Ventures, together with the IBG venture capital fund it manages and the Companisto network, is investing over EUR 2.5 million in the seed financing of SMELA GmbH (SMELA).

SMELA develops, produces and distributes electromechanical actuators for linear movements in automated industrial plants. Compared to pneumatic systems, up to 90% energy can be saved and compared to existing electrical solutions, up to 80% installation space can be saved in the systems. The actuators are used in production lines, machine tools, the packaging industry and logistics.

As a venture capital fund of the state of Saxony-Anhalt, the IBG funds based in Magdeburg support young, innovative technology companies with above-average growth potential and based in Saxony-Anhalt with equity capital. The new RKF IV venture capital fund with a volume of EUR 63 million was launched at the end of 2023. It is financed by funds from the state of Saxony-Anhalt and the European Union and invests in start-ups in the seed, early stage and growth phases. As one of the most experienced venture capital investors in Germany with more than 250 investments in almost all technology segments, bmp Ventures manages the IBG funds in Saxony-Anhalt.

Companisto is a leading crowdinvesting platform in Europe that enables private investors to invest in innovative start-ups and growth companies. Since its foundation in 2012, Companisto has offered numerous investment opportunities and built a strong community of investors.

GRUENDELPARTNER has provided SMELA with comprehensive legal advice on financing issues since its foundation (in particular on the previous business angel rounds), including now in the context of the seed financing round.

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