HTGF backs Enoware
High-Tech Gründerfonds (HTGF), LBBW Venture Capital and KIC InnoEnergy have provided seed financing for Enoware, an operator of near-surface geothermal probes.
The investment will allow Enoware to further develop its technology and to accelerate the product's market entry.
LBBW Venture Capital is a subsidiary of German banking group LBBW. It offers venture capital financing for technology companies in the industrial technology, IT and life sciences sectors. The VC invests up to €3m per company.
Company
Founded in 2014 and based in Karlsruhe, Enoware is a spin-off from Systec & Services. The company offers mobile sensor systems and software for fluid environments, focusing on geothermal energy and environmental monitoring, and also provides research and development services in this field.
People
Karl Linder is founding partner and CEO of Enoware. Torsten Löffler is an investment manager at HTGF. Christoph Sagemann is an investment manager at LBBW Venture. Jens Ortgiese is business creation officer at KIC InnoEnergy.
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