Germany-based Intelligent fluids bags €10M for its sustainable industrial cleaning fluids
Leipzig-based Intelligent fluids (IFC), a deeptech scale-up that designs high-performance cleaning fluids, announced on Wednesday that it has raised €10M in a Series B round of funding. The round was led by the US-based WAVE Equity Partners, a sustainability fund. Existing institutional investors High-Tech Gründerfonds (HTGF) and IBG Sachsen-Anhalt also participated in this round. IFC says it will use the funds to increase its workforce, boost production at its German facility, and start its expansion into international markets by establishing manufacturing facilities in the US, India, the Middle East and North Africa (MENA), and Taiwan.