Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Fundraising»Nuventura raises new funding to support global expansion of SF6-free gas insulated switchgear
    Fundraising

    Nuventura raises new funding to support global expansion of SF6-free gas insulated switchgear

    March 17, 20212 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Deep Tech start up Nuventura has launched a new funding round in order to make the crucial next steps towards the product’s industrialisation and prepare for expansion into other markets. In December 2020 deep tech startup Nuventura successfully closed an equity funding round of EUR2.5 million in extension of its 2019 seed round.

    This funding round was led by new investors Cycle Eco Technology Fund and DOEN Participaties with the participation of existing investors IBB Ventures, APEX Energy and Future Energy Ventures as well as several well-known angel investors. To date, Nuventura’s total funding amounts to more than EUR8 million.

    Based in Berlin, Nuventuria is an R&D company that specialises in the development of medium voltage gas insulated switchgear (GIS). Its patented GIS technology replaces SF6 – the world’s strongest greenhouse gas and the industry-standard insulating medium for traditional GIS – with dry air. SF6 is predominantly used in the energy industry and its annual emissions are equivalent to the yearly CO2 emissions produced by around 100 million cars. Thus, Nuventura contributes to the energy transition with a greenhouse gas-free grid technology.

    Nuventura’s business model is to enable switchgear manufacturers to expand their own product portfolios. Manufacturers can licence Nuventura’s switchgear design or buy key components from Nuventura to incorporate into their own switchgear offerings. In so doing, the company facilitates a transition to an SF6-free switchgear industry, which will be demanded by regulators in the EU, USA and other regions in the coming years.

    Read more/Source: Private Equity Wire

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Fundraising funds PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Cathay Capital launches new €500m health fund

    May 24, 2022

    Pantheon passes $2.4bn in private debt secondaries as flagship fund closes at $834m

    May 24, 2022

    Venture Capital’s Billions Are Taking Over London Finance

    May 24, 2022

    Moove acquires PetroChoice from Golden Gate Capital in £479m deal

    May 24, 2022

    Comments are closed.

    Other Articles

    Apollo readies Japan private equity push, joining KKR and Carlyle

    December 28, 2020

    Growth equity booms as investors embrace private markets

    January 10, 2022

    TA-backed Backstage acquires StarNow and Mandy Network

    February 23, 2021

    NovaQuest Private Equity Closes Oversubscribed Fund II at $500 Million Hard Cap

    May 12, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?