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Germany's Kraftblock Raises €20M Series B For Sustainable Thermal Storage Technology

PRIVATEAug 09, 2023

Amount Raised

€20 Million

Round Type

Series B

EnergyRenewable Energy

Investors

Future Industry VenturesTech Energy VenturesA&G Energy Transition Tech FundMoore Strategic VenturesFinindusShell Ventures

Description

German climate tech firm Kraftbock has raised a Series B funding round of €20 million in a round which includes Shell Ventures, Finindus, Moore Strategic Ventures, A&G Energy Transition Tech Fund, TechEnergy Ventures and Future Industry Ventures

Quick answer

Kraftblock raised €20 Million in a Series B round, dated August 9, 2023. Investors: Future Industry Ventures, Tech Energy Ventures, A&G Energy Transition Tech Fund, Moore Strategic Ventures, Finindus and Shell Ventures.

How much did Kraftblock raise?
Kraftblock raised €20 Million in a Series B round on August 9, 2023.
Who invested in Kraftblock?
Future Industry Ventures, Tech Energy Ventures, A&G Energy Transition Tech Fund, Moore Strategic Ventures, Finindus and Shell Ventures are named as investors in this round.
What does Kraftblock do?
KRAFTBLOCK is an energy storage system that is able to decarbonize industries like steel, glass or ceramics.
Who are the decision-makers at Kraftblock?
Fundz holds 1 contact at Kraftblock. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Kraftblock that raised within 45 days of this round, from Fundz verified event records.

  • HPNow raised $15M (Funding Round) on September 19, 2023.
  • Red Leaf Pulp Ltd raised an undisclosed amount (Funding Round) on September 19, 2023.
  • Skyqraft raised $3.8M (Seed) on September 18, 2023.
  • Mojave Energy Systems raised $13M (Funding Round) on September 18, 2023.
  • Heliene raised $170M (Funding Round) on September 12, 2023.
  • Krucial raised $3.7M (Seed) on September 12, 2023.

Who to call at Kraftblock, and when

A new round usually means Kraftblock is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Kraftblock

About

KRAFTBLOCK is an energy storage system that is able to decarbonize industries like steel, glass or ceramics. It will even help renewables to have their break-through in industrial heating. The modular and easily scalable system is based on a newly developed storage material that consists of app. 85% upcycled materials. It can store up to 1.2 MWh thermal energy at a temperature level up to 1,300 °C. Due to its modular character, a single module might also be used as a mobile storage unit, that enables you to charge the storage in one place, transport it by truck or train to another place and utilize the heat at the new location. We decarbonize by storing and utilizing formerly lost or wasted heat. This means Kraftblock minimizes the usage of fossile fuels, avoids the formation of carbon dioxide and increases the economic value of formerly lost or wasted energy.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Kraftblock raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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