HTGF, MBG invest in CommSolid's seed round

The funding will be used to further develop the product.

MBG invests between €25,000-1m in startups. HTGF usually invests €600,000 at the seed stage for a 15% stake. In February, the investor backed a seven-digit round for German startup Baimos, which develops security products for Internet-of-Things companies.

Company
Founded in 2015 and based in Dresden, CommSolid is an Internet-of-Things company focused on communication technology for healthcare, smart home, transport, logistic systems and industrial applications. CommSolid has 30 staff.

People
High-Tech Gründerfonds – Lucille Bonnet (investment manager).
MBG Invest – Markus Michalow (managing director).
CommSolid – Matthias Weiss (managing director, co-founder).

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• Topics
• Early-stage
• Technology
• DACH
• Germany
• High-Tech Gründerfonds
• Internet of things