The CleanTech startup Reverion, which was part of the SpinLab Accelerator program in 2022, has secured €56 million in its Series A funding round—the largest funding round for a SpinLab alumnus to date. Alongside venture capital, the round included grants as well. The funding was led by Energy Impact Partners (EIP), with participation from Honda and the European Innovation Council Fund (EIC Fund). Existing investors, including Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures, also participated. This funding will enable Reverion to commence serial production of its power plants and fulfill more than $100 million in customer pre-orders accumulated so far.
Linh Pham
Recent posts by Linh Pham
1 min read
Biggest SpinLab Alumni Funding Round: Reverion raised €56Mio Investment
Topics: startups energy Venture Capital
1 min read
SpinLab and Energieforen Leipzig join forces to drive energy transition
The energy transition poses significant challenges for the utility industry, especially municipal utilities. These challenges include the digitalization of networks and infrastructure, the expansion of renewable energy sources, the modernization of business processes, and a cultural shift towards greater innovation. To actively shape this transformation, SpinLab – The HHL Accelerator and Energieforen Leipzig have established a partnership.
Topics: startups press release energy partner
1 min read
Reonic secures €13 Million in Series A Funding
SpinLab alumni Reonic has raised €13 million in a Series A funding round. The round was led by Northzone, with participation from existing investors Point Nine, Puzzle Ventures and several business angels.
Topics: startups energy Venture Capital
4 min read
SpinLab 17th class kicks off: nine startups selected from over 500 applications
SpinLab – The HHL Accelerator, recently recognized by the Financial Times and Statista as one of the leading startup hubs in Europe, is launching a new round with a record number of over 500 applications. From this pool, nine startups have been selected in the fields of renewable energy, Smart City, and E-Health. Among the selected startups are an AI-based health solution for detecting addictive behavior, a team using technologies for CO₂ removal through underground storage of woody biomass to sequester carbon for the long term, and a technology for direct heat generation from wind energy, which efficiently feeds heat into heating networks, promoting the decarbonization of district heating. SpinLab has already supported more than 160 startups, with a survival rate of 86 percent. By joining the accelerator program, the teams receive an extensive and tailored coaching and mentoring program, as well as access to a broad network of partners and investors.
Topics: Startup Bios startups energy ehealth smart city AI
7 min read
Summer School for diverse Startups batch #4
SpinLab - The HHL Accelerator and HHL Digital Space are organizing the fourth “Leipzig Summer School for Diverse Startups” to support underrepresented founders. It is designed to support diverse early-stage startups, providing them with a tailored program to develop their business ideas. The primary goal is to empower underrepresented founders, dismantle barriers to success, and foster an inclusive startup ecosystem. This year's summer school program is supported by the EDIH Saxony, City of Leipzig, Sächsische Aufbaubank,DELL Technologies, Technologiegründerfonds Sachsen, S-Beteiligungen, Spreadshirt and Germany Trade and Invest.
11 min read
Meeting Rooms in Leipzig
Are you tired of the monotony of working from home or bland meeting rooms? Come to SpinLab! We have free office space available in our co-working area and offer flexible desk options. At SpinLab in the west of Leipzig, you'll find a supportive community of startups, creatives and business experts, a fully equipped infrastructure, and a bunch of cool meeting rooms. These rooms are available not only to our tenants but also to external groups for workshops or other gatherings.
Topics: coworking
2 min read
SpinLab, TU Dresden and TUDAG launch new high-tech accelerator in Dresden
SpinLab – The HHL Accelerator, in collaboration with TU Dresden and TU Dresden Aktiengesellschaft (TUDAG), is opening a new location in Dresden: ExciteLab. The new accelerator for high-tech startups is supported by leading companies from the industry and region, including VON ARDENNE GmbH, Infineon Technologies AG, MBG Sachsen, Zeiss Innovation Hub, Forvis Mazars, white Ip, and SAP.
2 min read
Financial Times Ranking: SpinLab and RootCamp among Top Startup-Hubs in Europe
SpinLab and RootCamp are positioned among the top Startup Hubs in Europe, as highlighted in the recent ranking "Europe's Leading Startup Hubs 2024" by the Financial Times and Statista. We have secured the 2nd place in Germany, placing us among the top 3 Accelerators in the Germany. In an international comparison, we achieved 12th place, making us one of the top 15 in Europe.
Topics: News Startup Tips startups innovation
1 min read
SpinLab Alumni, myo, secures €10.5 Million in Series A funding round
myo was part of the 8th SpinLab class. Photo: myo
TVM Capital Life Science, a leading transatlantic venture capital firm focused on investments in life sciences innovation, announced the closing of a Series A financing round for myo, a pioneering Berlin-based digital healthcare startup. TVM led the round, investing €8 million. The proceeds will be used to further grow the business in the DACH region as well as in the UK. This will include expanding marketing capacity and enhancing service quality for existing customers, as well as developing new modules. Dr. Sascha Berger, General Partner, and Stefan Fischer, Managing Partner (Finance) of TVM, will join the myo Board of Directors.
myo was founded in 2018 with the goal of relieving employees in care homes through digital solutions and bringing more transparency, participation and appreciation to the sector. The company’s communication app enables care facilities, families and service providers to communicate with each other easily, quickly and digitally. Families are able to participate in their loved ones' everyday lives by receiving pictures, videos and documents as well as making video calls. Additional modules for the app simplify important but time-consuming administrative tasks, including ordering meals, monitoring complaints, and managing key external services such as laundry providers and pharmacies. This saves time and money and improves documentation. myo services approximately 400 customers in the DACH region and the UK.
Topics: News startups energy Venture Capital
1 min read
SpinLab Alumni Energiekoppler closes Series A funding round
Energiekoppler, an innovative software company specializing in energy management solutions and born from the collaboration of two prestigious institutes - the Institute for Electrical Power Supply and High Voltage Technology, and the Institute for Building Energy Technology at Dresden University of Technology - has successfully concluded its Series A financing round. The cleantech company ElectroFleet has entered as an additional strategic investor, joining existing investors LEAG and TGFS - Technologiegründerfonds Sachsen. This financing round ensures the continued development of Energiekoppler's products and the expansion of its sales activities.
Succesful venture clienting
The team commenced its journey in 2018 with the BMWi's EXIST research transfer funding and later secured a spot as one of nine startups in the prestigious SpinLab Accelerator program in autumn 2019. By November 2021, Energiekoppler achieved a milestone by closing its initial financing round backed by LEAG and Technologiegründerfonds Sachsen (TGFS). Notably, LEAG's partnership, fostered during the Spinlab accelerator program, resulted in them becoming Energiekoppler's first customer. Read here more about the collaboration between the energy startup and LEAG.
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