+- Nanofreeze Raises 7.4 MSEK (about US$1.15)

From the NanoFreeze.com website, the Lund, Sweden based company founded in 2005 "develops a thermoelectric coolchip having a high efficiency, 10-15 times higher than so called Peltier-elements working on the same basic principle."   Their website assures us they are using nanotechnology, that they have raised some 7.4 MSEK (US$1.15) venture capital and plan to have their first product in 2010.

Honestly, I didn't think you could get 10-15 tiems better than Peltier devices.  That seems like Carnot efficiency, or even better.  But then, I don't have any startup funding.