Chammas & Marcheteau advises Water Horizon on €18 million fundraising

"Chammas & Marcheteau advised Water Horizon on a €18 million fundraising from its historical shareholders Banque des Territoires (for the State under the France 2030 Programme Territoires d’Innovation) and Delmas Investissements et Participations, alongside new strategic investor Groupe EREN, to accelerate deployment and international expansion."

Chammas & Marcheteau represented Water Horizon in a €18 million capital raise from its historic shareholders Banque des Territoires (for the State under the France 2030 Programme Territoires d’Innovation) and Delmas Investissements et Participations, together with new strategic investor Groupe EREN. The transaction consists of an €18 million equity funding round that will enable Water Horizon to accelerate its deployment in high-potential areas and to develop its international presence. Founded in 2017, Water Horizon specialises in energy recovery from thermal discharges. Its Cooling As A Service (CAAS) technology supplies cooling on demand by using local waste heat, a solution that reduces carbon footprint and energy costs within a rapidly growing European cooling market. In France, the new funding is expected to strengthen Water Horizon’s territorial impact by supporting sustainable reindustrialisation and contributing to job creation in regional areas. Chammas & Marcheteau represented Water Horizon with a team composed by: Denis Marcheteau (partner), Romain Penloup (counsel), Jeanne Cormerais (lawyer) and Nessrine Berrad (lawyer).

Chammas & Marcheteau advises Water Horizon on €18 million fundraising

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