On September 1, QPinch announced the completion of a €14 Million cap raise – attracting €10 million from FPIM-SFPI and Capricorn Partners as well as €4 million through pre-closing finance via The Port of Antwerp and a large group of existing shareholders.
Founded in 2012 by Wouter Ducheyne and Christian Heeren, QPinch burst onto the scene in October 2020 with their victory at Get in the Ring Antwerp, organized by our partner Stad Antwerpen. Following their win in Antwerp, they punched their ticket to the Get in the Ring Global Final 2021, where they wowed our selection of corporates, investors and governments at the dealmaking event and made it to the Energy Final Battle.
The global exposure from Get in the Ring and this funding round will help QPinch to fulfill its calling to create carbon-neutral energy by leveraging the untapped potential of waste heat. The impact of their unique tech? 50% saved on industrial energy bills, along with substantial emission reduction.
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