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.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 8/9/2023: Cube3.AI venture capital transaction
Next: 8/9/2023: ADARx Pharmaceuticals venture capital transaction
Share this article
About Database of VC Transactions
We do our best to document every notable VC transaction. VC investment data records on this site come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs