Series B funding round for watttron

watttron GmbH, based in Freital, has successfully completed a Series B funding round totalling 12 million euros. This international funding round was led by the Circular Innovation Fund – CIF (Paris/Montreal) and the European Circular Bioeconomy Fund – ECBF (Luxembourg). Existing investors Technologiegründerfonds Sachsen (TGFS), Constantia New Business (CNB), SKion and Rico Kleinhempel also participated in the funding 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 any loss of productivity or quality, whilst saving energy.

GRUENDELPARTNER provided comprehensive legal advice to watttron as part of this Series B funding round. GRUENDELPARTNER’s Venture Capital practice group is one of the most experienced and best-staffed advisory units in Central Germany for equity financing, supporting investors, start-ups and business angels through all stages of financing and exit processes.