GRUENDELPARTNER advises TGFS on seed financing of Flexora

TGFS Technologiegründerfonds Sachsen (TGFS), together with TUDAG and another private investor, is investing a seven-figure sum in Flexora GmbH as part of a seed financing programme.

Flexora is a spin-off from Dresden University of Technology (Institute of Applied Physics). The start-up develops sensors printed on flexible film that are inexpensive to produce and easy to install. These enable area-based sensor technology with real-time data analysis to improve systems and processes as well as other innovative applications.

The TGFS has financed over 100 start-ups in Saxony since its inception in 2008. The TGFS focuses on young, innovative, technology-orientated companies in the ITC, semiconductor and microsystems technology, medical technology, life science, environmental and energy technology and new media sectors that are based or have their place of business in Saxony.

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