Peeriot closes seed financing round

TGFS Technologiegründerfonds Sachsen (TGFS), advised by GRUENDELPARTNER, and bm-t beteiligungsmanagement thüringen (bm|t) have invested a seven-figure sum in the Saxon-Thuringian deep-tech software start-up Peeriot GmbH as part of a seed financing programme. The investment is additionally supported by existing investors Thomas Schmidt/be-exponential GmbH and Dr Markus Eisel and is intended to drive the development of innovative solutions in the field of IOT networking.

The TGFS has financed over 100 start-ups in Saxony since its inception in 2008. The TGFS focuses on young, innovative, technology-orientated companies from the ITC, semiconductor and microsystems technology, medical technology, life science, environmental and energy technology and new media sectors that are based or have their place of business in Saxony.

GRUENDELPARTNER's M&A, Venture Capital, Private Equity practice group is one of the most experienced and strongly staffed advisory units in Central Germany and supports investors and entrepreneurs in all phases of development, in particular in company formation, company development, company financing and all exit processes.