GRUENDELPARTNER advises TGFS on financing round of Cyber Insight GmbH

TGFS Technologiegründerfonds Sachsen is investing a seven-figure sum in Cyber Insight GmbH from Leipzig. The company is developing an AI-based IT risk analysis to analyse the risk of cyber attacks and data protection breaches in small and medium-sized companies. The investment will be used to further expand the development team and bring the software to market maturity together with initial pilot customers.

Cyber Insight's product helps IT service providers, management consultancies, law firms and insurance companies to increase their clients' compliance (security and data protection standards) step by step.

TGFS started its third fund generation this year and has supported over 100 start-ups in Saxony since its launch in 2008.

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, corporate financing and all exit processes.