Brandl & Talos has advises aws Grunderfonds on its entry into Viennese start-up ToolSense GmbH.
According to Brandl & Talos, in a recent financing round, ToolSense received investment from Grunderfonds and Segnalita Ventures for the intelligent networking of construction machinery. ToolSense was founded in 2017 as a spin-off from the incubator of the University of Applied Sciences Technikum Wien. The company offers a solution from hardware, firmware, analytics, Internet-of-Things cloud to frontends to manufacturers, providing a solution for digitization in the power tools industry.
Grunderfonds is an Austrian venture capital fund based in Vienna.
The Brandl & Talos team was led by Partner Roman Rericha and included Attorney Markus Arzt.