GRUENDELPARTNER advises TGFS on seed financing of Packwise

The leading industrial IoT company Packwise GmbH, based in Dresden, has successfully completed a financing round worth millions.

In addition to a follow-up investment by Technologiegründerfonds Sachsen (TGFS) and ^Hüttenes3, SBG - Sächsische Beteiligungsgesellschaft is also participating for the first time as part of the new Innovationskapital Sachsen ("RIG") programme co-financed by the Federal Government's Future Fund.

With the combination of the IoT sensor "Packwise Smart Cap" and the software platform "Packwise Flow", Packwise offers an intelligent complete solution for digital container management in the process industry. The technology enables real-time monitoring of fill levels, locations and environmental conditions of industrial packaging, thus creating data-based transparency along the supply chain.

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.

SBG - Sächsische Beteiligungsgesellschaft mbH provides equity capital for growth-oriented, innovative companies as an investment partner of the Free State of Saxony. With the RegioInnoGrowth Fund (RIG) it manages, SBG invests specifically in technology-driven companies in the growth phase as part of the "Saxony Innovation Capital" programme.

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.