By Tanja Tanskanen

Climeon secures 6 M€ in funding

Climeon is a Swedish company with a technology that transform low temperature heat to into electricity. The company recently concluded a new issue delivering up to 6,05 M€ in a cash-injection into the company. This far exceeded the initial targets of 2,2 M€ and will radically improve the financial stability and credibility going forward.

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By Tanja Tanskanen

Finnish cleantech company Enevo raises 15.8 M$ in funding round

Former Nordic Cleantech Open top 25 company, Enevo, announced on the 30 of June that their funding round has closed with 15.8M$ invested.The round is led by Foxconn, Ginko Ventures and Mistletoe, with Earlybird, Lifeline Ventures, Finnish Industry Investment and private individuals joining as existing investors. Enevo has earlier secured $ 10.3 million funding in 2012 and 2013. Enevo was founded in 2010 and has its headquarter in Finland. The company has created ONe, a comprehensive waste logistics solution that saves time, money and the environment. It uses wireless sensors to measure and forecast the fill-level of waste containers and generates smart collection plans using the most efficient schedules and routes. The solution provides up to 50 % in direct cost savings for smart cities with higher quality as overflowing bins and excess fleet utilization are eliminated. More information.