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TGFS, Hüttenes hoch drei and Golzern Holding investing in Packwise GmbH 

TGFS

29 March 2021

TGFS Technologiegründerfonds Sachsen, together with Hüttenes hoch drei, and Golzern Holding, is investing a seven-figure sum in Packwise GmbH from Dresden as part of a Pre-Series‑A round. Packwise GmbH was founded in 2017 by Gesche Weger, Felix Weger, and René Bernhardt with the goal of setting new standards for digital supply chain management in the process industry. TGFS has already accompanied Packwise’s development as a financing partner since 2018 and is also leading the current Pre-Series A round as lead investor. Packwise is one of more than 80 startups in the Free State of Saxony that the fund has supported since 2008. 

Packwise specializes in the networking of industrial packaging and offers its customers a hardware-enabled SaaS solution. By creating a digital twin of their industrial packaging, Packwise’s customers gain visibility into their supply chain and can map a wide range of supply chain processes through the Packwise software platform. „In addition to automating processessuch as replenishment and product quality assurance, many of our customers are focused on reinventing customer service,“ describes Gesche Weger, Managing Director of Packwise. Both in the area of inventory management and in container logistics, the start-up’s technology opens up new customer-oriented approaches. 

The hardware-enabled SaaS solution was developed in close cooperation with mid-sized companies and global players in the process industry to meet the specific application areas and implementation requirements of the industry. The existing cooperations with the German industrial group Diehl and the Swedish sensor manufacturer Acconeer will be continued and intensified in the future. The newly acquired Pre-Series‑A capital will be used to further expand the software platform, accelerate growth in the European market , establish sales partnerships , and prepare for the market launch in North America. The team, which has grown significantly in recent months in both the development and sales , will be gradually expanded. „With its strong focus on the management of mobile containers and high-volume container fleets, Packwise has the potential to drive the digitization of the process industry internationally and at scale. We are very pleased to be able to support the excellently positioned Packwise team in successfully realizing this potential,“ says TGFS Managing Director Sören Schuster about the current transaction. 

Last year, the Packwise technology was awarded the IQ Innovation Prize for Central Germany. In a joint project with RWTH Aachen University and the company Zentis, funded by the German Federal Ministry of Food and Agriculture, special applications for the food industry will be implemented in the coming months. Packwise is currently nominated for the German Innovation Award 2021 in a joint customer project with the companies BASF and Hesse Lignal. 

Your contact
Sören Schuster | Managing Director
+49 341 256963 30
soeren.schuster@cfh.de

Deal team TGFS
Dr. Matthias Kalbus and Alexander Witt 

Advisor TGFS
GRUENDELPARTNER (legal)