STUDIO LEGAL advises Kraftblock GmbH on its EUR 20 million Series B financing round
STUDIO LEGAL has advised Kraftblock GmbH on its EUR 20 million financing round with participation of Future Industry Ventures, Finindus, A&G's Energy Transition Tech Fund, Shell Ventures, TechEnergy Ventures and Moore Strategic Ventures.
The clean tech start-up offers a heat storage system to store and harness e.g. industrial waste heat from production processes of up to 1,300°C. As part of the recently launched project with PepsiCo, Kraftblock is building the world's largest commercial high-temperature storage facility in the Netherlands to electrify process heat. With the investment, Kraftblock wants to implement further projects and thus solve a difficult part in the energy transition.
Kraftblock was advised by: Stefanie Berges, Cristina Varela (both Venture Capital), Maria Höricke (IP) and Lukas Stähler (Labor Law).
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