Peeriot completes seed funding round

TGFS Technologiegründerfonds Sachsen (TGFS), advised by GRUENDELPARTNER, and bm-t beteiligungsmanagement thüringen (bm|t) have invested a seven-figure sum in the Saxony-Thuringia-based deep-tech software start-up Peeriot GmbH as part of a seed funding round. The investment is also backed by existing investors Thomas Schmidt/be-exponential GmbH and Dr Markus Eisel, and is intended to drive forward the development of innovative solutions in the field of IoT connectivity.

Since its launch in 2008, the TGFS has funded over 100 start-ups in Saxony. The TGFS focuses on young, innovative, technology-oriented companies operating in the ICT, semiconductor and microsystems technology, medical technology, life sciences, environmental and energy technology, and new media sectors, which have their registered office or place of business in Saxony.

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