TGFS, GPS invest €2m in software startup Naventik
Technologiegründerfonds Sachsen (TGFS) and GPS Ventures have invested €2m in Naventik, the German developer of high-precision positioning software Pathfinder.
The fresh capital will be used to strengthen global marketing and partnerships, as well as HR development.
Company
Naventik was founded in Chemnitz, Germany, in 2017 as a spin-out project of the Technical University of Chemnitz. The startup develops and markets Pathfinder, a software-based global navigation satellite system for cars. It works in collaboration with Volkswagen, Nvidia, Deutsche Bahn and IAV.
People
Technologiegründerfonds Sachsen – Sören Schuster (managing director).
Naventik – Robin Streiter (managing director).
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