Tech Company Financing Transactions
Sweetch Energy Funding Round
Crédit Mutuel Equity and private investors invested in a $27.4 million Series A capital raise for Sweetch Energy. The financing closed on 12/18/2023.
Transaction Overview
Company Name
Announced On
12/18/2023
Transaction Type
Venture Equity
Amount
$27,380,000
Round
Series A
Investors
Crédit Mutuel Equity (Lead Investor)
Proceeds Purpose
The funding will enable Sweetch Energy to finalise its first demonstrator generating clean electricity using proprietary INOD® technology, currently under development on the Rhône delta (France) in partnership with Compagnie Nationale du Rhône (CNR). It will also be used to further expand R&D activities, deploy the first industrial assembly lines, and support the global expansion of the company, especially in Europe and North America.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
6B Rue de la Longeraie
Saint-Grégoire, 35760
France
Saint-Grégoire, 35760
France
Phone
Undisclosed
Website
Email Address
Overview
Developer of a power harvesting technology intended to exploit the difference in water salinity to generate electricity. The company's technology produces electricity from saline gradients using a filtration system, enabling consumers to have access to cheap electricity sources economically.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chairman
Nicolas Heuzé
Chief Scientific Officer
Bruno Mottet
Co-Founder
Lydéric Bocquet
Co-Founder
Alessandro Siria
President
Pascal Le Melinaire
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We report on every notable VC transaction. VC investment data records reported here come from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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