Tech Company Financing Transactions
Luminescent Power Funding Round
Luminescent Power, operating out of Tel Aviv-Yafo, secured $7 million from Grove Ventures and Extantia Capital.
Transaction Overview
Company Name
Announced On
12/15/2022
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Seed
Investors
Grove Ventures (Lead Investor) (Lior Handelsman)
Extantia Capital (Yair Reem)
Proceeds Purpose
Luminescent's raise is a sign investors are getting more comfortable with the economics of backing climate companies with more technical, complex technology.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Yitzhak Sadeh Street 8
Tel Aviv-Yafo, Undisclosed
IL
Tel Aviv-Yafo, Undisclosed
IL
Phone
Undisclosed
Website
Email Address
Overview
Luminescent Power was founded in 2020 with a vision of generating zero-emission electricity from any source of waste heat, efficiently and cost-effectively. Headquartered in Israel and led by a diverse team of renewable energy experts, combining academia, business and technology leadership, Luminescent Power is introducing to the world the first liquid-based isothermal engine for efficient, economical waste heat upcycling.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Lior Handelsman
Chief Executive Officer
Doron Tamir
Chief Technical Officer
Carmel Rotschild
VP - Engineering
Erez Klein
VP - Product Management
Tomer Stern
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