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Luminescent: Raises $7M in Seed Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Luminescent: Raises $7M in Seed Funding

By Steve Sam

December 18, 2022

Luminescent Raises $7M in Seed Funding

Luminescent, a Tel Aviv, Israel-based provider of a liquid-based isothermal engine solution for waste heat upcycling, raised $7M in Seed funding
The round was led by Grove Ventures, with participation from Extantia Capital
The company intends to use the funds to bring its solution to market
The company is generating zero-emission electricity from any source of waste heat
The company provides a liquid-based isothermal engine for efficient, economical waste heat upcycling
The solution utilizes isothermal processes that transform any 100-550℃ heat source, enabling businesses to utilize waste heat as an additional way to turn their sustainability commitments into clean energy cost-cutting decisions

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