GÖTTINGEN CORPORATE FINANCE ACTS AS THE SOLE FINANCIAL ADVISOR TO BETTER BASICS LABORBEDARF GmbH ON ITS SERIES A FUNDRAISING

AUGUST 2023

About the Transaction
A trailblazer in providing essential laboratory supplies, Better Basics Laborbedarf's (BBL) innovative solutions have garnered industry acclaim, setting the stage for exponential growth. BBL’s products create order and organize laboratory workplaces, improve work safety, and increase user efficiency. The company uniquely combines the most advanced additive manufacturing processes selective laser sintering (SLS) with a tailormade product design according to client’s needs.
Due to Better Basics’ clear product USPs the company is well positioned to participate in the global market for laboratory equipment which is projected to grow from USD 51.44bn in 2022 to USD 84.79bn by 2030 (CAGR of 7,40%).

Transaction Highlights
In a landmark deal, Göttingen Corporate Finance proudly announces its instrumental role in propelling BBL to new heights, securing an investment from a strategic investor.

• BBL has raised a Seed Round from business angels, the Technologiegründerfonds Sachsen and Lauda Dr. R. Wobser GmbH & Co. KG in 2020.
• KNAUER Wissenschaftliche Geräte GmbH (KNAUER) emerged as a strategic partner sharing BBL's vision, infusing not just capital, but gives access to new customer groups and geographies, and opens the possibility for the cross-selling of products.
• BBL has successfully secured a first investment from KNAUER. This injection of capital provides the company with the resources to execute its growth strategies over an extended period.
• Closing of the transaction happened in August 2023.

Quotes
Mario Schneider, Co-founder & CEO of BBL, commented: "At Better Basics Laborbedarf, we strive for easy integration of our organizational system in different laboratory areas. We are therefore very pleased to be able to offer the added value of our solutions to a new, large group of users in the laboratory through this cooperation. Thanks to GCF we have closed this funding round despite the harsh funding environment in the shortest possible time with the best possible partner."

Timo Peter, Founding Partner at GCF, adds: "Again, the combination of a strong founder team with a complementary skill set, a unique product offering with clear USPs and accelerating commercial traction were important factors for the successful closing."

Alexandra Knauer, CEO und Owner of KNAUER: "At KNAUER, we strive to be innovative and open to collaborations that align with our vision. The partnership with Better Basics is one such alliance. It enables us to provide our customers with an enhanced user experience that transforms their workplace into a smart, efficient and comfortable environment."

About Better Basics Laborbedarf GmbH
Founded in 2019 and headquartered in Dresden, Germany, Better Basics Laborbedarf (www.better-basics-laborbedarf.de) is at the forefront of laboratory equipment innovation. Specializing in crafting solutions that enhance daily work convenience and safety, the company leverages cutting-edge 3D printing technology. This allows them to provide an array of modular organization products tailored to individual user requirements. As a result, laboratories can elevate their standards of occupational safety and operational efficiency to new heights.

About KNAUER Wissenschaftliche Geräte GmbH
Established in 1962 and headquartered in Berlin, Germany, KNAUER (www.knauer.net) is a renowned manufacturer of high-quality scientific equipment for research and routine applications in the field of liquid chromatography.
Serving a wide spectrum of industries, including pharmaceuticals, biotechnology, academia, chemicals, environment, food, clinical diagnostics, and life sciences research, KNAUER's chromatography and liquid handling solutions empower scientists, researchers, and professionals to achieve precise analyses and breakthroughs in their respective fields.

About Göttingen Corporate Finance
Göttingen Corporate Finance (GCF) is a leading advisory firm to small and midcap technology driven growth companies. The firm provides fundraising, M&A (buy/sell-side) and strategic advice to exceptional entrepreneurs and companies. The team combines in-depth investment banking knowledge, a passion for technology, entrepreneurial experience, financial acumen and a keen sense for what will count tomorrow. GCF advises clients from various industries ranging in maturity from first product sales to double-digit millions in revenues with a seasoned management and strong position in their market segment.