Tech Company Financing Transactions
Kraftblock Funding Round
Kraftblock, based in Saarland, raised $21.9 million from A&G Energy Transition Tech Fund, Finindus and Future Industry Ventures.
Transaction Overview
Company Name
Announced On
8/9/2023
Transaction Type
Venture Equity
Amount
$21,910,000
Round
Series B
Investors
Proceeds Purpose
The company will use the funds to expand its sustainable thermal storage technology globally.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
Industriestraße 2, Sulzbach/Saar
Saarland, 66280
DE
Saarland, 66280
DE
Phone
Website
Email Address
Overview
Kraftblock is a multifunctional Energy Storage for heat and power. The Kraftblock energy storage system has two application forms: It can be used a Waste-Heat Recycling System for the conversion and reuse of waste heat and as Net-Zero Heat System to replace fossil energies with renewable ones.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Martin Schichtel
Chief Financial Officer
Susanne König
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