Watttron, a Germany-based digital temperature control systems provider, has successfully secured €12m ($10.27m) in a Series B funding round.
The funding round was led by the Circular Innovation Fund, a global venture capital fund, and the European Circular Bioeconomy Fund (ECBF), emphasising their respective global commitments to eco-friendly advancements in the packaging sector.
The investment will facilitate the development of Watttron’s technical capabilities for sustainable packaging solutions.
It will also support the expansion of these solutions into the US and Asian markets.
Watttron's long-term partners, including Technologiegründerfonds Sachsen, Constancia New Business, SKion, and BA Rico Kleinhempel, along with the new investors, are supporting Watttron’s sustainability mission.
Watttron CEO Marcus Stein said: “Sustainability is more than just a trend; it’s a commitment we take seriously. We believe sustainable practices will shape the future of the packaging industry, and we are excited to contribute with the support of ECBF and the Circular Innovation Fund.”
Established in 2016, Watttron specialises in developing digital heating systems for the packaging industry, with a strong emphasis on sustainability.
The company invented cera2seal and cera2heat, which assist the flexible packaging industry in processing eco-friendly materials efficiently and with energy savings, without compromising productivity or quality.
ECBF investment director Guillaume Gras said: “Watttron’s technology represents a quantum leap in sustainable packaging, drastically cutting carbon emissions by reducing material and energy usage, and enabling the use of monomaterials, which significantly enhances recyclability.
“Simultaneously enhancing production efficiency and cost-effectiveness, this investment signifies more than financial support; it’s a commitment to pioneering a greener, more efficient future in the packaging industry.”
