Austrian Biotech Efferon Secures €2.5M Seed Funding to Expand Sepsis Treatment Manufacturing Across Europe

Efferon, a biotech company developing hemoadsorption devices for treating sepsis and septic shock, has secured €2.5 million in seed funding led by private investors from the DACH region. The company will use funds to build a new EU production facility and expand manufacturing capacity. Efferon’s products include Efferon LPS for general use and Efferon NEO for pediatric patients, with the latter recently receiving CE MDR certification. The technology has been used in over 25,000 treatments across 40+ countries.

Munich-based Invertix Secures 1.7 Million EUR in Pre-Seed Funding for AI-Powered Renewable Energy Management

Munich-based climate-tech startup Invertix, which develops AI agents for solar parks and wind turbines, raised 1.7 million EUR in pre-seed funding led by Vireo Ventures. The company exited stealth mode with this funding round just two months after its founding.

German Court Expresses Doubts Over Class Action Against Amazon Prime Video Ad Introduction

The Consumentenbond Saxony is pursuing a class action lawsuit against Amazon Prime Video regarding the introduction of advertising in the streaming service. Over 200,000 people have joined the lawsuit. The consumer protection organization argues that Amazon informed customers of the change but did not obtain their consent before introducing mandatory advertisements. Users must pay an additional €3 per month to avoid ads. The Bavarian High Court has expressed serious doubts about the admissibility of the case, and a verdict is expected on July 17, 2024.

Freiburg Cleantech Startup Qurie Raises €2.2 Million for Next-Generation Cooling Technology

Qurie, a Freiburg-based startup, secured €2.2 million in funding to develop next-generation electrocaloric cooling systems that operate without compressors, refrigerants or pressure build-up. The technology is more efficient and sustainable than traditional refrigeration systems, with theoretical efficiency over 80% compared to 50% for traditional compressors.

Dunia Innovations Unveils €280 Million Berlin GigaLab for AI-Driven Materials Discovery

Dunia Innovations unveiled plans for Berlin GigaLab, a €280 million facility to industrialize AI-driven materials discovery. The 6,000 m² facility will integrate autonomous experimentation, AI-guided design, and industrial-grade characterization. Backed by an industrial consortium including Siemens, ABB Robotics, NVIDIA, AWS, and ILS, the facility is expected to create over 200 jobs and begin operations in 2028.