
High-Tech Gründerfonds invests in Desino
High-Tech Gründerfonds (HTGF) has provided seed financing to wheelchair seating system developer Desino.
HTGF was joined by business angel Dieter Lorenzen, closing the company's initial financing round.
The capital will enable Desino to accelerate the development of its lever system and dynamic seat/backrest, and enter the market in the first half of 2015.
Previous funding
Desino previously received funding from the Federal Ministry of Economics and Technology's start-up grant Exist.
Company
Founded in November 2012 by designer Thyl Junker, engineer Daniel Levedag and sport scientist Roman Pagano, Desino spent 2013 adapting its design for a dynamic seating system as found in the office furniture industry. Operating out of Cologne, Desino works in cooperation with Köln International School of Design, RWTH Aachen and the German Sport University Cologne.
The team wanted to create a wheelchair that adapts to the customer, rather than the customer adapting to the product. A seating system has therefore been developed that maintains the continuous motion of the spine and back muscles, based on the movement of a walking person. The product is supported by a lever propulsion system designed to increase freedom of movement and preserve the wheelchair's folding mechanism.
People
Thyl Junker, Daniel Levedag and Roman Pagano are co-founders of Desino. Kay Balster is an investment manager at HTGF.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater