Otego, a Germany-based thermoelectric generator producer spun out from Karlsruhe Institute of Technology, closed a seven-figure seed round (€1m = $1.2m) today backed by public-private partnership High-Tech Gründerfonds.
Vector Venture Capital, the corporate venturing division of software developer Vector Informatik, and LBBW Venture Capital, the investment subsidiary of financial services group Landesbank Baden-Württemberg, also took part in the round.
Otego is developing thermoelectric generators (TEGs) that are smaller than a sugar cube and are able to directly convert heat into…
