Holger Ulland pitches O-Flexx
Ecosummit TV: Waste heat is a very big but rarely used energy resource. Being back at Ecosummit, Holger Ulland pitches O-Flexx at ECO14 Berlin. The smart green startup develops and manufactures in their Duisburg-based 1 MW factory thermoelectric generators that convert heat to electricity. The thermoelectric generators can be used in the steel, automotive and locomotive industries as well as for heating systems and autonomous sensors. The first customers are SMS Siemag (steel plants) and Bombardier (diesel locomotives). O-Flexx is backed by Emerald Technology Ventures and NRW Bank whom they met at ECO12 Berlin. O-Flexx has got a very strong IP portfolio, first revenues and is currently fundraising to accelerate its growth.
Read moreMaximilian Erb presents the cleantech investment strategy of NRW Bank
Ecosummit TV: Maximilian Erb presents NRW Bank at ECO13 Berlin. The regional development bank of North-Rhine Westphalia (NRW) is pretty active in cleantech venture capital. Smart green startups in their direct portfolio inlude Direvo, Greenpocket, Evocatal and O-Flexx. The cool thing is that Max of NRW Bank met Holger of O-Flexx at ECO12 Berlin for the first time. This is a wonderful testimonial that the Ecosummit platform really works and matchmakes cleantech startups and VCs. We are proud of it. And we also appreciate the great work that NRW Bank is doing for Germany’s cleantech startups.
Read moreHolger Ulland pitches O-Flexx and its thermoelectric generators
Ecosummit TV: Holger Ulland pitches O-Flexx at ECO12 Berlin. The German cleantech startup develops and manufactures thermoelectric generators that convert heat to electricity. After difficult times, O-Flexx recently raised €2.4M and achieved a quantum leap in their lab improving the output of their energy conversion process by a factor of 100. This is what their investor Markus Moor, Partner at Emerald, told me at the Global Corporate Venturing Symposium last week in London. Enough good reasons to watch this promising smart green startup on Ecosummit TV. Update: O-Flexx and NRW Bank met at ECO12 Berlin for the first time and NRW Bank invested in early 2013.
Read moreSmart green dealflow: Ubitricity, Saperatec, Skeleton, Waste2Chemical, O-Flexx and Romo Wind
Financing cleantech startups is a tough game these days. You need a strong team, product market fit and, even better, customers and revenues. In this difficult market environment, it is a great pleasure to report that 6 smart green startups managed to raise new venture capital: Ubitricity (around €3.5M, Germany), Saperatec (€3.3M, Germany), Skeleton (€2.2M, Estonia), Waste2Chemical (undisclosed, Netherlands), O-Flexx (€2.4M, Germany) and Romo Wind (€4.8M, Switzerland). The active cleantech VCs include Earlybird, IBB, NRW Bank, HTGF, eCapital, Dutch Greentech Fund, Emerald, Yellow&Blue, ABB and b-to-v. Let’s take a closer look at the startups and their new investors.
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