GRUENDELPARTNER advises TGFS on a follow-on funding round for Kopernikus Automotive GmbH

The Leipzig-based start-up Kopernikus Automotive GmbH is receiving a follow-on investment of EUR 3 million from its existing investors: Continental Automotive Technologies GmbH, the Technology Start-up Fund Saxony (TGFS) and Golzern Holding GmbH.

As a specialist in autonomous driving technologies based on artificial intelligence, Kopernikus develops, amongst other things, solutions for infrastructure-based automated parking in multi-storey car parks, also known as Automated Valet Parking (AVP), as well as the autonomous manoeuvring of, for example, newly manufactured vehicles at car manufacturers or on logistics sites.

TGFS is one of the most active venture capital funds in Germany, focusing on Saxony. Since its foundation in 2008, it has supported over 100 start-ups in the Free State.

GRUENDELPARTNER’s M&A, Venture Capital and Private Equity practice group is one of the most experienced and largest advisory teams in Central Germany, supporting investors and entrepreneurs throughout all stages of development, particularly in business start-ups, business development, corporate finance and all exit processes.