GERMANY – Watttron, an intelligent heating systems startup, has secured €12 million (US$13 million) in a Series B funding round aimed at advancing the company’s sustainable packaging solutions.
The Circular Innovation Fund and the European Circular Bioeconomy Fund (ECBF) led the funding round, underscoring their global commitment to eco-friendly advancements in the packaging sector.
The investment will bolster Watttron’s technical capabilities for sustainable packaging solutions and support their expansion into the US and Asian markets.
Long-term partners, including Technologiegründerfonds Sachsen, Constancia New Business, SKion, and BA Rico Kleinhempel, alongside new investors, are backing Watttron’s sustainability mission.
CEO Marcus Stein emphasized, “Sustainability is more than just a trend; it’s a commitment we take seriously. We believe sustainable practices will shape the future of the packaging industry, and we are excited to contribute with the support of ECBF and the Circular Innovation Fund.”
Established in 2016, Watttron specializes in digital heating systems for the packaging industry, with a focus on sustainability.
Their inventions, cera2seal and cera2heat, assist the flexible packaging industry in processing eco-friendly materials efficiently and with energy savings, without compromising productivity or quality.
Guillaume Gras, Investment Director at ECBF, praised Watttron’s technology for its significant impact on sustainable packaging.
He highlighted its ability to cut carbon emissions by reducing material and energy usage, enabling the use of monomaterials and enhancing recyclability while improving production efficiency and cost-effectiveness.
In another development, WASE, a UK-based startup revolutionizing waste treatment and energy production, announced raising over €9.9 million (US$10.67m), including €2.8 million (US$3.02m) in non-dilutive funding.
The financing round, led by Extantia Capital, with participation from Hitachi Ventures, WEPA Ventures, Engie New Ventures, Elbow Beach Capital, and Empirical Ventures, will support WASE’s scaling operations and execution of signed contracts and projects.
Founded in 2017, WASE’s Electro-Methanogenic Reactor (EMR) technology maximizes biogas production from biomass and organic matter in wastewater.
Their plug-and-play system increases methane concentration in biogas, resulting in more energy production and lower costs for companies.
CEO Thomas Fudge envisions a future where Waste-to-Energy maximizes economic and environmental benefits, with WASE leading the biogas market. Extantia and ENGIE, among others, will provide invaluable support in achieving this vision.
Carlota Ochoa Neven Du Mont from Extantia highlighted WASE’s innovative technology and capital-efficient approach, positioning them as leaders in waste treatment and energy sectors.
Camille Bonenfant-Jeanneney, Managing Director of ENGIE Renewable Gases Europe, emphasized ENGIE’s commitment to deploying innovative technology for greater efficiency and competitiveness, reflecting the broader ambition to strengthen Europe’s energy transition.
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