February, 3 2021 Revincus – a Start-up with a Unique Technology in Drain-Water Heat Recovery Successfully Closes First Financing Round with bm|t

  • bm|t, Sparkasse Jena-Saale-Hol­z­land and MBG Thürin­gen have invested a seven-digit sum in the Thuringian envi­ron­men­tal-tech­nol­ogy firm Revin­cus GmbH
  • This first financ­ing round will fund Revin­cus´ growth and mar­ket development
  • Revin­cus is devel­op­ing an inno­v­a­tive regen­er­a­tive energy sys­tem for the hous­ing market

Towards a sus­tain­able future and alter­na­tive renew­able energy sources, bm|t invests along with Sparkasse Jena-Saale-Hol­z­land and MBG Thürin­gen in Revin­cus GmbH. Revin­cus focuses on the recov­ery of waste­water heat as an inno­v­a­tive energy source in res­i­den­tial hous­ing. The aim of the seven-fig­ure invest­ment round is to fur­ther expand the company’s oper­a­tions and to suc­cess­fully enter the market.

Innovation in Renewable Energy

Revin­cus GmbH devel­ops effi­cient solu­tions for heat recov­ery from waste­water. The ‘Revin­cus Sys­tem’  is a waste­water heat exchanger with wide appli­ca­tions span­ning from res­i­den­tial con­struc­tion to cruise ships. An inter­na­tional patent has already been filed to pro­tect the system´s inge­nu­ity. «On aver­age, around 75 liters of usable drain-water are pro­duced per per­son every day, which lit­er­ally goes unused down the drain. Warm water rep­re­sents a large part of the total energy demand of res­i­den­tial build­ings. Our goal is to use the ther­mal energy con­tained in waste­water and thereby to reduce the annual pri­mary energy demand of res­i­den­tial build­ings,» said Felix Drech­sel, Co-Founder and Head of Research & Development.

Sustainable Operations

In times of a global energy tran­si­tion, envi­ron­men­tally friendly solu­tions and sus­tain­able busi­ness con­cepts are of great impor­tance. Revin­cus GmbH puts sus­tain­abil­ity first, both in the devel­op­ment of its prod­ucts and the pur­pose of the entire com­pany. Revin­cus is an R&D‑driven firm in the area of renew­able energy. Cou­pled with mod­ern tech­nol­ogy and soft­ware, the ‘Revin­cus Sys­tem’ meets cur­rent energy trends and moves inno­v­a­tive build­ing tech­nol­ogy for­ward. «Sus­tain­able solu­tions like our waste­water sys­tem, are impor­tant to meet the biggest chal­lenge of the 21st cen­tury – the cli­mate change  — and our top pri­or­ity at Revin­cus,» said Jere­mias Pol­ster, Co-Founder and Head of Sales & Marketing.

Thuringia as an Innovation Hub for Environmental Technology

Revin­cus GmbH is rooted in Weimar and Jena,  a region with strong growth and an excel­lent ecosys­tem for inno­v­a­tive envi­ron­men­tal tech­nolo­gies. The prox­im­ity to the Bauhaus Uni­ver­sity Weimar and the Uni­ver­sity of Applied Sci­ences Erfurt also builds a strong foun­da­tion for coöper­a­tion and research regard­ing envi­ron­men­tal and sci­en­tific top­ics. «We are very happy to have a strong and inter­na­tion­ally con­nected part­ner in the region with bm|t, who shares and under­stands the vision and neces­sity of inno­va­tion in the field of envi­ron­men­tal tech­nol­ogy,» said Co-Founder Lars Matting.

Investing in a Climate-Neutral Economy

The invest­ment by bm|t together with Sparkasse Jena-Saale-Hol­z­land and MBG Thürin­gen is a con­scious step towards an envi­ron­men­tally effi­cient future. «With Revin­cus, we are pleased to wel­come another inno­v­a­tive Thuringian clean-tech start-up as Investee Part­ner» said Katja Butz­mann, Senior Invest­ment Man­ager, bm|t. The Chair­man of the Board of Sparkasse Jena-Saale-Hol­z­land, Michael Rabich, added: «We are con­vinced of the idea and the deep know-how of Revin­cus and are thrilled to expand it together to become the next mar­ket leader for heat recov­ery sys­tems from drain water in Ger­many and Europe.»

About Revincus GmbH

The aim of the ‘Revin­cus Sys­tem’ is to estab­lish an alter­na­tive energy sys­tem for res­i­den­tial con­struc­tion, hotels, gas­tron­omy, indus­try and cruise ships through care­ful use of valu­able energy resources. Due to an exist­ing inno­va­tion gap in energy recov­ery from accu­mu­lat­ing grey water, Revin­cus strives for the mar­ket leader posi­tion in the field of drain water energy recov­ery. Revin­cus GmbH con­sists of an inter­dis­ci­pli­nary team of founders. The ini­tia­tors Felix Drech­sel and Jere­mias Pol­ster joined forces while study­ing civil engi­neer­ing at the Bauhaus Uni­ver­sity in Weimar. In early 2020, Mr. Drech­sel and Mr. Pol­ster founded Revin­cus GmbH together with Mate-Founders UG, con­sist­ing of an expe­ri­enced team of entre­pre­neurs and experts.

About bm|t – beteiligungsmanagement thüringen gmbh

bm|t is the first address for invest­ments in Thuringia, Ger­many. bm|t invests in start-up teams and com­pa­nies in the Free State of Thuringia with a clear aim of gen­er­at­ing pos­i­tive invest­ment returns. This is how inno­va­tion and eco­nomic growth in Thuringia are financed. bm|t cur­rently man­ages ten funds with a total vol­ume of over EUR 440 mil­lion and invests in inno­v­a­tive com­pa­nies in nearly all sec­tors and in all phases of com­pany devel­op­ment — from the start-up and growth phases to buy­outs and other suc­ces­sion cases.

About Sparkasse Jena-Saale-Holzland

Sparkasse has been rooted in the region since 1828 and is famil­iar with the objec­tives and needs of cit­i­zens and com­pa­nies. As the largest regional finan­cial part­ner, it is impor­tant to Sparkasse to ensure a bet­ter qual­ity of life in the region: through the pro­gres­sive dig­i­tal­iza­tion of its ser­vices, the expan­sion of its advi­sory ser­vices, pub­lic sup­port pro­grams and financ­ing. Sup­port­ing the econ­omy, edu­ca­tion, sport, and cul­ture through mate­r­ial and finan­cial con­tri­bu­tions is an impor­tant part of its oper­a­tions. There­fore, Sparkasse Jena-Saale-Hol­z­land will con­tinue to sup­port busi­ness start-ups and thereby set the foun­da­tion for the jobs of the future.

Recently, Sparkasse and the Busi­ness Angels Club Jena e.V., has estab­lished a plat­form for start-ups and pri­vate investors to sup­port the region´s dynamic start-up scene by bundling strong regional know-how and networks.

About MBG Thüringen

As a strong and reli­able part­ner, Mit­tel­ständis­che Beteili­gungs­ge­sellschaft Thürin­gen mbH (MBG) offers small and medium-sized com­pa­nies mez­za­nine and pri­vate equity financ­ing to strengthen their equity base dur­ing busi­ness foun­da­tion, con­sol­i­da­tion or suc­ces­sion. This is aimed to pro­vide com­pa­nies with a strong basis for solid devel­op­ment and sus­tain­able growth.