Hi everyone,
August has been a month of rapid execution across our team, our technology, and our global partnerships. As we prepare for our live Texas deployment next month, the momentum behind Kreneon continues to compound.
Here is where our key milestones stand:
- Fundraising Progress & Capital Factory Acceptance: We continue to close capital into our $1.0M Pre-Seed SAFE round to fund our field deployments and regulatory filings. As a major catalyst for our US strategy, Kreneon was officially accepted into Capital Factory's All Access 2026 program, Texas’s premier startup accelerator. This partnership gives us direct access to regional innovation networks and infrastructure stakeholders as our live Texas field pilot hits the ground in September.
- European Sovereign & Capital Markets Execution (September Travel): Next month, Stan and I are traveling to the UK and Denmark to anchor key sovereign, regulatory, and financial partnerships. In London, we are aligning with lead government sponsors and investment banking advisors to structure our Q4 regulatory sandbox filing and explore national utility collaboration. In Denmark, we are discussing the establishment of our European hub alongside sovereign investment agencies, regional utilities, and equipment OEMs as part of the European Institute of Innovation and Technology (EIT) Water Knowledge and Innovation Community (KIC). How's that for a name? EIT Water KIC.
- Watch Our Pitch Video: We recently had the opportunity to pitch for the Lake Oswego Tech Forum. For a quick version of our investor pitch, you can watch me present here: Watch the Kreneon 4-Minute Pitch Video.
The physical deployments, European utility partnerships, and London regulatory steps are all aligning quickly. Thank you to our investors, advisors, and partners for your continued support as we build the financial operating system for the global water economy.
Best,
Mike Ulwelling
CEO & Co-Founder, Kreneon