watttron Raises €12M in Funding to Expand Operations and Develop Sustainable Packaging Solutions
watttron Raises €12M in Series B Funding
watttron's Series B Funding
Key Highlights:
- Series B Funding: watttron, a sustainable packaging tech solutions developer, raised €12 million in Series B funding.
- Investors: Circular Innovation Fund led the round, with participation from Demeter, Cycle Capital, and the European Circular Bioeconomy Fund.
- Expansion and Development: The funding will be used to expand operations and further develop watttron's digital temperature control systems.
watttron's Target Market
- Target Market: Companies in the packaging industry, particularly those focused on sustainable packaging solutions.
- Manufacturers and Suppliers: Packaging manufacturers and suppliers looking to enhance their thermal processes and improve control over temperature.
- Sustainability-Focused Businesses: Companies committed to reducing their environmental impact through sustainable packaging practices.
What watttron Needs to Buy
- Research and Development Partnerships: Collaborations with research institutions and technology providers to enhance their digital temperature control systems.
- Manufacturing and Supply Chain Solutions: Partnerships with manufacturers and suppliers to scale up production and ensure a reliable supply chain.
- Marketing and Sales Support: Services to help promote watttron's sustainable packaging solutions and reach potential customers in the packaging industry.