GRUENDELPARTNER advises TGFS on seed funding for LipoCheck

The Technology Start-up Fund Saxony (TGFS) is investing in LipoCheck GmbH as part of a seed funding round, alongside GIMIC Ventures, Gateway Ventures, the Prange Group and other renowned family offices and business angels.

LipoCheck is dedicated to digitally accompanying and supporting women with lipoedema on their journey. Lipoedema is an often undiagnosed but painful fat distribution disorder. Through the LipoCheck and LipoAlly apps, those affected can document their symptoms, gain access to medical information and benefit from specialised telemedicine services. The company also works closely with health insurance providers and medical professionals to ensure better care, from the initial suspicion right through to therapy support.

TGFS is an equity partner in Saxony for the seed and start-up phases. The fund was first launched in 2008 by the Free State of Saxony and Saxon financial institutions and has supported over 100 start-ups since then. In 2023, TGFS launched its third fund generation.

GRUENDELPARTNER provided comprehensive legal advice to the lead investor, TGFS, as part of the financing round.

GRUENDELPARTNER’s M&A, Venture Capital and Private Equity practice group is one of the most experienced and best-staffed advisory units in Central Germany and supports investors and entrepreneurs through all stages of development, particularly in company formation, business development, corporate financing and all exit processes.