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
