GRUENDELPARTNER advises Litherm Technologies on a seed funding round worth 6.5 million euros

Litherm Technologies GmbH, based in Wernigerode, has successfully completed a seed funding round totalling more than 6.5 million euros. Alongside bmp Ventures, with the IBG funds, Graymont (Canada), SkreenHouse Ventures (UK), Kalkfabrik Netstal AG (Switzerland), Zeitinger Invest, the Breakthrough Energy Foundation (USA) and UnternehmerTUM Funding for Innovators participated in the funding round.

Litherm was founded in 2019 with the aim of creating an industrially scalable pathway for the climate-neutral production of lime and cement. The company is developing a fully electric calcination technology to decarbonise the lime and cement industry, thereby addressing one of the world’s most CO₂-intensive industrial sectors. An electrically powered high-temperature process is intended to completely replace the use of fossil fuels in the thermal processing of mineral raw materials. Litherm was the first German company to be accepted into the prestigious Breakthrough Energy Fellowship programme.

The funds raised as part of the financing round will be used in particular for further technological scaling and the construction of the first industrial demonstration plants.

GRUENDELPARTNER provided Litherm with comprehensive legal advice on the structuring and implementation of the seed funding round.

GRUENDELPARTNER’s M&A, Venture Capital and Private Equity practice group is one of the most experienced and best-staffed advisory units in Central Germany and advises founders, companies and investors at all stages of corporate development – from the structuring and execution of funding rounds through growth and expansion phases to complex exit transactions.