Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Energy start-up Kraftblock secures million-dollar investment
September 25, 2020
The start-up Kraftblock has gained a new investor in the Dutch entrepreneur Kees Koolen. The entrepreneur's fund is investing a mid single-digit million euro amount in the energy storage company. This means that the heat storage technology of founder Martin Schichtel has already brought on board the second prominent investor after Frank Thelen. Koolen is to invest just over EUR 4m in the young company from Saarbrücken. This means that Kraftblock will be fully financed for the next one and a half to two years.
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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