Tech Company Financing Transactions
Efenco Funding Round
Efenco, based in Tallinn, received $4.9 million from private investors.
Transaction Overview
Company Name
Announced On
11/16/2023
Transaction Type
Venture Equity
Amount
$4,880,000
Round
Undisclosed
Investors
private investors (Lead Investor) (Ivo Remmelg)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
Valukoja 8, Building D (12th floor)
Tallinn, Undisclosed
Estonia
Tallinn, Undisclosed
Estonia
Phone
Undisclosed
Website
Email Address
Overview
Developer of the forefront of sustainable technology designed to revolutionize the utilization of waste heat generated by natural gas combustion. The company's principles of quantum and plasma physics, nanotechnology, electronics, and electrochemistry, have created an innovative tool that converts waste heat from redox reactions and other heat sources into a flux of ionizing radiation through low-temperature plasma generation and offers numerous benefits for industries seeking to increase their thermal conversion efficiency by utilizing high-temperature boilers, enabling industries to optimize energy usage to increase thermal conversion efficiency and reduce environmental impact.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kristjan Tiik
Chief Financial Officer
Kristo Tuurmann
Chief Technical Officer
Endo Viires
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