GRUENDELPARTNER advises TGFS on seed financing round for Mindance GmbH worth millions

High-Tech Gründerfonds (HTGF), Technologiegründerfonds Sachsen (TGFS), Elevation Investments and a business angel are jointly investing a seven-figure euro amount in Mindance GmbH.

Through their platform MINDANCE, the start-up company located in Leipzig provides a customised comprehensive package of digitalised training programmes and measures to companies in order to maintain and promote the psychical health of their employees.

TGFS ( provides technology-oriented founders with venture capital for the seed and start-up phase. The fund was launched in 2008 with a volume of EUR 60 million and was increased to more than EUR 124 million in March 2016. The target companies of TGFS are young, innovative, technology-oriented founders and companies that are active in the sectors of information and telecommunication technology, semiconductor and microsystems technology, medical engineering, life science, environmental and energy technology as well as new media. TGFS is aimed at young companies with their seat or place of business in Saxony.

GRUENDELPARTNER has provided legal advice to TGFS regarding the transaction with a team led by Dr. Steffen Fritzsche. The Venture Capital practise group of GRUENDELPARTNER is one of the most experienced and best staffed advisory units in Central Germany and supports investors and founders in all development stages, in particular regarding business formation, development, and financing as well as during all exit processes.

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