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– German DeepTech company intelligent fluids wins €10 million for the global success of its revolutionary cleaning technology

LEIPZIG, Germany, March 15, 2023 /PRNewswire/ — Intelligent fluids, an award-winning German deep-tech company, has announced a €10 million Series B round of financing. The round has been led by WAVE Equity Partners, a US-based sustainability fund, and has included the participation of institutional investors High-Tech Gründerfonds (HTGF) and IBG Sachsen-Anhalt.

Commenting on the fundraising, Christian Römlein, CEO of Intelligent fluids®, said: “The funding by WAVE Equity Partners demonstrates the value of the innovation we have developed, and allows us to provide direct support to our global client base through local production facilities WAVE has a tremendous track record of supporting sustainable technology innovation, and we are delighted to have their support on this journey.”

Intelligent fluids (IFC) are revolutionizing industrial and commercial cleaning. Conventional cleaning products are aggressive, dangerous to health and harmful to the environment. IFC has developed a proprietary water-based, non-toxic, and biodegradable technology.

These “intelligent fluids®” also offer superior performance over solvent-based cleaners, with significant reductions in carbon emissions, material consumption and energy costs. The technology has a wide range of applications, from oil and gas to LED displays, adhesive removal and microelectronics. IFC has received several awards, such as the Global Green Product Award 2021 and the European Business Hero Award for Sustainability 2022, key among them.

Christian added, “We have shown that sustainability and superior performance can coexist. Our goal is to set new benchmarks in this industry and usher in the era of post-solvent cleaning.”

IFC will use the funds to expand equipment, increase manufacturing capacity at its German plant, and begin expansion into global markets by establishing manufacturing entities in the US, India, the Middle East and North Africa, and Taiwan.

Praveen Sahay, Founder and Managing Director of WAVE Equity Partners, said: “The companies we invest in have exceptional green innovations for global markets, enabling a healthier planet. We are delighted to have added a pearl of German engineering to our portfolio with intelligent fluids®, and with our massive support we foresee an impressive development for the company in the coming years.The ambition to make a real impact with a combination of performance and sustainability will benefit not only the environment, but also the many companies and their ESG balance sheets.

Chairman of the Advisory Board and founding member of the ARMATO investment group, Armin Eiche, said the investment marked a valuable milestone in the path of Intelligent Fluids.

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Media Contact: Bharat Jakati 49 3413196810 info@intelligent-fluids.com

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