GRUENDELPARTNER advises TGFS on Series A round of Packwise

TGFS Technologiegründerfonds Sachsen is investing a seven-figure sum in Dresden-based Packwise GmbH as part of a Series A together with Hüttenes hoch drei and Golzern Holding.

The multi-award-winning start-up from Gesche Weger, Felix Weger and René Bernhardt was founded in 2017 with the aim of setting new standards for digital supply chain management in the process industry and now works with 45 industrial customers.

TGFS has been supporting Packwise's development as a financing partner since 2018 and is also the lead investor in the current Series A. This makes Packwise one of over 80 start-ups in the Free State of Saxony that the fund has supported in realising their goals since 2008

GRUENDELPARTNER advised TGFS on the legal aspects of this Series A 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.