Yvette Go, investment manager at SET, said: "O-Flexx's proprietary thermo-electric solution is absolutely unique. What makes the technology significant is that it opens up markets where electricity generation from waste heat was never feasible before."
O-Flexx Technologies, a Germany-based provider of parts to allow waste heat to be used, has raised €6.7m ($9.5m) in its extended series A round from a consortium including Netherlands-based SET Venture Partners, an independent firm with local utility Delta as a limited partner.
The other investors in the round were Atmos, BankInvest, Emerald Technology Ventures, Partech International, SAM and Schneider Electric Ventures, the corporate venturing unit of France-based industrial group Schneider merged to form Aster Capital.
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