GRUENDELPARTNER advises TGFS on financing round of Sunmaxx PVT

Technologiegründerfonds Sachsen (TGFS) and MAHLE New Ventures are investing a total of EUR 3.25 million in Sunmaxx PVT GmbH from Dresden.

The Dresden-based cleantech company was founded with the aim of completely decarbonising the electricity and heat supply of buildings, neighbourhoods and industrial sites. Its photovoltaic-thermal solar modules (PVT) offer a novel approach to the heat transition, which is currently still making slow progress.

This makes Sunmaxx PVT one of over 100 start-ups in the Free State of Saxony whose establishment and development has been supported by the TGFS funds since 2008.

GRUENDELPARTNER advised TGFS on the legal aspects of this 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.