
Follow-up investment:
watttron secures M€ 12 Series B Funding
TGFS
27 March 2024
Our TGFS portfolio company, watttron, based in Freital, has successfully closed a M€ 12 Series B funding round. The round was led by the Circular Innovation Fund (CIF) and the European Circular Bioeconomy Fund (ECBF). Long-standing partners such as TGFS, Constancia New Business (CNB), SKion GmbH and BA Rico Kleinhempel, joined forces with the new investors to support watttrons mission of advancing sustainability in the packaging industry.
“Sustainability is not a passing trend for us but a serious commitment. We are convinced that the future of the packaging industry will be shaped by sustainable practices. Therefore, we are thrilled to contribute to this vision with the support of the ECBF and the Circular Innovation Fund,” said Marcus Stein, CEO of watttron.
watttron is a leading company in developing innovative digital heating systems for the packaging industry. With a clear focus on sustainability, the company aims to revolutionize the sector with groundbreaking solutions. watttron is the inventor of the cera2seal and cera2heat digital heating systems. The technologies for thermoforming and sealing applications aim to help the flexible packaging industry to process sustainable materials without loss of productivity or quality and to save energy in the process. An increased number of global consumer goods producers (including four of the top five food companies and leading OEMs such as Coesia, Mespack, GEA and material suppliers such as Constantia Flexibles) rely on digital heating technology with full temperature control at individual pixel level to increase their productivity.
The TGFS has accompanied the company since 2020.
Your contact person
Sören Schuster | Managing Director TGFS
+49 172 2001097
soeren.schuster@cfh.de
TGFS deal team
Dr. Matthias Kalbus and Sören Schuster