autarkize, a Pfronten, Germany-based climate tech startup, raised €2.3M in Seed funding.
The round was led by High-Tech Gründerfonds (HTGF). Other investors included Dutch impact investor Fair Capital Impact Fund, Interface Capital, Innovation for Impact, Floris Capital and business angels Lucas von Fürstenberg and Ulrich Blessing.
The company intends to use the funds to accelerate its expansion, especially in the areas of biogas technology and heat and steam production.
Led by CEO Michel Konder, autarkize has developed technology that converts biogenic residues—such as waste wood, shells, and fermentation by-products—into renewable gas and certified biochar. The gas substitutes fossil fuels in industrial processes, while the biochar acts as a CO2 sink and can also be used in agriculture and construction. Each autarkize plant can sequester between 1,400 and 5,500 tons of CO2 annually and generate up to 10 GWh of renewable energy, making a significant contribution to climate change mitigation.
FinSMEs
31/10/2024