- 16
- July
2012
Algae startup Subitec raises €4.5 Million Series A from eCapital, Fraunhofer, HTGF and KfW
The upcoming German algae startup scene celebrates its first venture capital investment. The lucky startup is Stuttgart-based Subitec that successfully closed its Series A financing round led by eCapital. Subitec’s algae factories consist of patented vertical photobioreactors that use little space and energy while producing high yield. CEO Peter Ripplinger who pitched Subitec at Ecosummit Berlin 2011 wants to use the fresh money to grow the team, expand the lab and pilot facilities and internationalise the business. The main target market is the US where the demand for innovative algae technologies is the strongest.
Read more- 25
- July
2011
Alexander von Frankenberg introduces High-Tech Gründerfonds, Germany’s leading Seed VC
Alexander von Frankenberg, Managing Director of the German seed VC High-Tech Gründerfonds (HTGF), presents the fund at ECO11 and shares his lessons learned during 5 years of seed funding the German High-tech startup ecosystem. HTGF makes every 2nd seed deal in Germany and currently has 18 portfolio firms in the Cleantech industry. At ECO11, 6 HTGF Cleantech portfolio companies were on stage: Entelios, Subitec, ZIM Plant Technology, Next Kraftwerke, Ecointense and Wesustain.
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