O-Flexx Technologies GmbH, a Duisburg, Germany-based company that develops and manufactures thermo-electric elements which enable the economic use of both low and high grade waste heat in a broad variety of applications, completed a € 6.7m extended Series A round of financing.
The investment was made from SET Venture Partners, which joined existing investors ATMOS, BankInvest, Emerald Technology Ventures, Partech International, SAM GmbH and Schneider Electric Ventures.
The new funds will enable the company to run a manufacturing plant and to roll-out O-Flexx Technologies’ high-efficient, low-cost thermo-electric elements.
In connection with the financing, Rene Savelsberg, CEO of SET Venture Partners, has joined the company’s board of directors.
FinSMEs
11/05/2010