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.