TGFS - Technologiegründerfonds Sachsen

CFH Management GmbH, based in Leipzig, Germany, manages the Technologiegründerfonds Sachsen (TGFS), a venture capital fund focused on supporting technology-oriented startups in Saxony. Since its inception in 2008, TGFS has provided both early-stage equity investments and strategic guidance to over 100 startups, particularly in sectors like software, IoT, industrial tech, and healthcare. The fund's goal is to back innovative companies during the seed phase and help them grow into scalable businesses. TGFS typically invests between €100,000 to €1 million in promising startups, with the ability to offer follow-on funding for companies progressing through later stages. The fund is actively involved in mentoring and facilitating connections between startups and industry experts, ensuring that portfolio companies gain both financial backing and operational expertise. Notable portfolio companies include Peeriot and in.hub, which specialize in IoT and industrial automation. Led by experienced managers such as Sören Schuster, who brings over two decades of venture capital experience, TGFS focuses on long-term partnerships. Their team combines deep industry knowledge with hands-on involvement, working closely with founders to help navigate challenges from product development to market entry. TGFS is supported by both private and public institutions, including ERDF funds, reinforcing its role as a key driver of innovation in Saxony’s startup ecosystem. Through its strategic investments, TGFS continues to play a vital role in fostering technological innovation in the region.