Watttron successfully completed a €12 million Series B funding round, led by the Circular Innovation Fund and the European Circular Bioeconomy Fund, aimed at advancing sustainability in the packaging industry.
Information on the Target
watttron, based in Freital, is a pioneering company specializing in the development of innovative digital heating systems tailored for the packaging industry. The company is committed to sustainability and aims to transform the sector through cutting-edge solutions. watttron has invented the digital heating systems cera2seal and cera2heat, which facilitate thermoforming and sealing applications. These technologies empower the flexible packaging sector to utilize sustainable materials without compromising productivity or quality, while also achieving energy savings.
A growing number of global consumer goods producers, including four of the five largest food companies and leading OEMs such as Coesia, Mespack, GEA, and material suppliers like Constantia Flexibles, rely on watttron's digital heating technology. This technology offers precise temperature control at an individual pixel level, enabling increased productivity in their operations.
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Industry Overview
The packaging industry in Germany is experiencing significant transformation as sustainability becomes a central focus. With increasing regulatory pressures and consumer demand for eco-friendly products, companies are
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watttron
in 2024
in a Series B deal
Disclosed details
Transaction Size: $12M