GRUENDELPARTNER advises TGFS on follow-up financing round of Kopernikus Automotive GmbH

Leipzig-based start-up Kopernikus Automotive GmbH has received a follow-up investment totalling EUR 3 million from existing investors Continental Automotive Technologies GmbH, Technologiegründerfonds Sachsen (TGFS) and Golzern Holding GmbH.

As a specialist for autonomous driving technologies based on artificial intelligence, Kopernikus develops solutions for infrastructure-based automated parking in car parks, also known as Automated Valet Parking (AVP), as well as autonomous manoeuvring of, for example, newly produced vehicles at vehicle manufacturers or in logistics areas.

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

GRUENDELPARTNER's M&A, Venture Capital, Private Equity practice group is one of the most experienced and well-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.