Observed Signal · Apr 2, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Neutral
Austrian Startup Serwas Technologies Closes €300K Pre-Seed Round
Serwas Technologies, an Innsbruck-based startup, has completed the first closing of its pre-seed round, raising nearly €300,000. The round is led by Gateway Ventures, with participation from Pioneers Club business angels and MCI Innsbruck, where the company was incubated. Serwas installs its own servers directly in buildings with high and constant heat demand—such as swimming pools, hotels, care facilities, and apartment blocks—using proprietary direct-to-liquid cooling to feed waste heat into building heating and hot water systems. The first site is a public swimming pool in Innsbruck (Freizeitzentrum Amras), operated in cooperation with Innsbrucker Kommunalbetriebe. A second closing is planned for October to expand to further buildings. Founded by Manuel Untergasser, Timo Berkmann, and Lucas Bolte, the startup targets AI workloads and bitcoin mining, aiming to address data center construction bottlenecks while reducing heating costs and CO₂ emissions for building operators. The page also contains a promotional world4you guide for founders establishing an online presence.
Genuine news of a small pre-seed funding round for a niche server/heat-reuse infrastructure startup, relevant to AI compute infrastructure but only tangential to the AdTech industry. The world4you portion of the page is promotional advertorial content.
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Key Takeaways & Evidence Grounding
- Serwas Technologies closed the first closing of its pre-seed round, raising nearly €300,000.
- Gateway Ventures led the round as lead investor; Pioneers Club business angels and MCI Innsbruck also participated.
- The startup installs servers in buildings with high heat demand, feeding waste heat into heating systems via direct-to-liquid cooling.
- The first operating site is the Freizeitzentrum Amras public pool in Innsbruck, in cooperation with Innsbrucker Kommunalbetriebe.
- A second closing is planned for October to expand to additional buildings.
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