Sustainable Packaging Innovator watttron Secures €12M in Series B Funding
April 9, 2024, 9:34 pm
Location: Germany, Saxony, Freital
Employees: 11-50
Founded date: 2016
Total raised: $13.02M
Germany-based watttron, a pioneer in digital temperature control systems for sustainable packaging solutions, has successfully raised €12M in a Series B funding round. The investment, led by Circular Innovation Fund (CIF) and European Circular Bioeconomy Fund (ECBF), highlights a global shift towards sustainable innovation in packaging.
watttron, founded in 2016, focuses on developing digital heating systems like cera2seal and cera2heat, which enable efficient processing of sustainable materials in flexible packaging without compromising quality or energy efficiency. This technology not only reduces carbon emissions by cutting material and energy usage but also enhances recyclability by enabling the use of monomaterials.
The company's CEO, Marcus Stein, emphasizes that sustainability is not just a trend but a serious commitment. watttron believes that sustainable practices will shape the future of the packaging industry and is dedicated to contributing to a greener future with the support of ECBF and CIF.
Investors like TGFS Technologiegründerfonds Sachsen, Constancia New Business (CNB), SKion GmbH, and BA Mr. Rico Kleinhempel, along with new supporters, are backing watttron in its mission to advance sustainability in packaging. Guillaume Gras, Investment Director at ECBF, praises watttron's technology as a game-changer in sustainable packaging, enhancing production efficiency and cost-effectiveness.
Leading brand owners and OEMs are already embracing watttron's digital heating technology with precise temperature control at the individual pixel level. The company's recent initiatives, such as the "Packolution" podcast series and the opening of a US office, demonstrate its commitment to serving a growing global customer base.
With this latest funding, watttron aims to expand its sustainable packaging solutions and broaden its presence in American and Asian markets. The investment signifies more than just financial support; it represents a collective commitment to pioneering a greener, more efficient future in the packaging industry.
watttron, founded in 2016, focuses on developing digital heating systems like cera2seal and cera2heat, which enable efficient processing of sustainable materials in flexible packaging without compromising quality or energy efficiency. This technology not only reduces carbon emissions by cutting material and energy usage but also enhances recyclability by enabling the use of monomaterials.
The company's CEO, Marcus Stein, emphasizes that sustainability is not just a trend but a serious commitment. watttron believes that sustainable practices will shape the future of the packaging industry and is dedicated to contributing to a greener future with the support of ECBF and CIF.
Investors like TGFS Technologiegründerfonds Sachsen, Constancia New Business (CNB), SKion GmbH, and BA Mr. Rico Kleinhempel, along with new supporters, are backing watttron in its mission to advance sustainability in packaging. Guillaume Gras, Investment Director at ECBF, praises watttron's technology as a game-changer in sustainable packaging, enhancing production efficiency and cost-effectiveness.
Leading brand owners and OEMs are already embracing watttron's digital heating technology with precise temperature control at the individual pixel level. The company's recent initiatives, such as the "Packolution" podcast series and the opening of a US office, demonstrate its commitment to serving a growing global customer base.
With this latest funding, watttron aims to expand its sustainable packaging solutions and broaden its presence in American and Asian markets. The investment signifies more than just financial support; it represents a collective commitment to pioneering a greener, more efficient future in the packaging industry.