Herbst Kinsky has advised Statkraft Ventures and Junction Growth Investors on their investment in EET-Efficient Energy Technology during its EUR 6.5 million series A financing round.
According to Herbst Kinstky, Norway-based Statkraft Ventures was the lead investor in the round that saw Belgium-based Junction Growth Investors participate alongside the Green Fortress Group. “The fresh capital will be used to further implement the expansion strategy. In addition to Germany, France, and Italy, the market is also to be opened up in Spain and Portugal in particular.”
EET is a Graz-based battery storage start-up. Founded in 2017 as a spin-off from the University of Technology in Graz, EET specializes in the production of small-scale solar power plants with integrated battery storage.
Statkraft Ventures places an investment focus on climate tech and energy transition in Europe and North America.
Junction Growth Investors is a sustainable investment fund focused on European SMEs and scale-ups.
The Herbst Kinsky team included Partner Philipp Kinsky, Attorney at Law Christina Bernhart, and Associate Leopold Gottsauner-Wolf.
Herbst Kinsky did not respond to our inquiry on the matter.