GRUENDELPARTNER advises TGFS on seed financing of LipoCheck

Technologiegründerfonds Sachsen (TGFS), together with GIMIC Ventures, Gateway Ventures, the Prange Group and other renowned family offices and business angels, is investing in LipoCheck GmbH as part of a seed financing programme.

LipoCheck has set itself the task of digitally accompanying and supporting lipoedema patients on their journey. Lipoedema is an often undetected but painful fat distribution disorder. The LipoCheck and LipoAlly apps allow those affected to document their symptoms, gain access to medical knowledge and benefit from specialised telemedicine services. The company also works closely with health insurance companies and medical professionals to ensure better care from initial suspicion to therapy support.

The TGFS is an equity capital partner in Saxony for the seed and start-up phase. 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. The TGFS entered its third fund generation in 2023.

GRUENDELPARTNER provided comprehensive legal advice to the lead investor TGFS as part of the 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, corporate financing and all exit processes.