Series B financing round watttron

Freital-based watttron GmbH has successfully completed a Series B financing round totalling 12 million euros. This international financing round was led by the Circular Innovation Fund - CIF (Paris/Montreal) and the European Circular Bioeconomy Fund - ECBF (Luxembourg). The existing investors Technologiegründerfonds Sachsen (TGFS), Constantia New Business (CNB), SKion and Rico Kleinhempel also participated in the financing round.

watttron is a leading company in the development of innovative digital heating systems for the packaging industry. Its proprietary technologies for thermoforming and sealing applications are designed to enable the flexible packaging industry to process sustainable materials without loss of productivity or quality and to save energy in the process.

GRUENDELPARTNER provided comprehensive legal advice to watttron in the context of this Series B financing round. GRUENDELPARTNER's Venture Capital practice group is one of the most experienced and well-staffed advisory units in Central Germany for equity financing and supports investors, start-ups and business angels in all financing phases and exit processes.