Current Offers – 27 August 2024

Agriculture & Meals

Adamo Meals (2021) develops whole-cut meat alternate options made out of fungi. Their beefsteak various is produced by a fermentation course of that ends in lengthy, densely packed fibers of mycelium that mimic the muscle construction of whole-cut meat.

On August 21^st, De Novo Foodlabs raised $2.5M in Seed funding from UK Innovation & Science Seed Fund, Joyful Ventures, Beeches Group, SFC Capital, Katapult, SHAKE Local weather Change Accelerator, Rothamsted Analysis and Innovate UK.

The funding will assist to scale up Adamo’s whole-cut merchandise to pilot scale in preparation for commercialization. Adamo can be trying to increase its product vary to incorporate rooster breast alternate options, which this new tranche of funding will help as nicely. 

Vitality & Energy

Flower (2020) offers software program administration providers for battery power storage infrastructure.  They mix their expertise with versatile power belongings to keep up dependable enter and output into the grid, utilizing AI-powered software program to refine the predictability of power methods towards demand.

Flower raised $27.5M in Collection A funding on August 15^th from Zebki Make investments and 82an Make investments.   The spherical was led by Northzone accomplice PJ Pärson, who joined Flower’s board of administrators following the funding spherical.  

The spherical will help additional growth of their power administration belongings, as they anticipate to develop their income by 5x in 2024 following their acquisition of a giant battery park in Sweden.

Supplies & Chemical compounds

Guidewheel (2016) is software program developer working to enhance manufacturing gear optimization and scale back power and emissions. Its AI-powered platform, FactoryOps, makes use of non-invasive sensors to attach manufacturing facility ground machines by their energy draw, permitting for optimized manufacturing time, efficiency and power monitoring/administration.

Guidewheel’s August 13^th Collection B spherical raised $31M in funding from Blackrock and Temasek’s Decarbonization Companions Fund with participation from new traders Rethink Affect and GSBackers. Current traders Greycroft Companions and Breakthrough Vitality Ventures additionally contributed to the spherical alongside different undisclosed traders.

The capital might be used to scale FactoryOps by increasing its operations and growth efforts. Guidewheel has lately acquired quite a lot of key clients, together with Basic Motors, Igloo, Kimberly Clark, JELD-WEN, DRiV/Tenneco, CEMIX, TricorBraun, Reliance Metal & Aluminum, Madison Industries, BorgWarner, U.S. Metal, Berry World, Myers Industries, and Johnson & Johnson.

Sources & Environmental Administration

Optiml (2022) develops software program for actual property house owners and consultants to find out one of the best value and CO₂ methods for his or her buildings. Optiml’s software program analyses portfolio belongings throughout probably the most related ESG and regulatory knowledge factors to supply actual property builders and asset managers with a score.

On August 21^st, Optiml raised a $4M pre-Seed extension spherical from Kompas VC and Bitsone Capital.

The spherical might be used to speed up the event of the expertise and increase its workforce to serve the growing buyer demand within the DACH area and the UK. Optiml has accomplished 30 profitable pilot tasks thus far with AXA, Credit score Suisse, and Grosvenor amongst others.

Transportation & Logistics

Ather Vitality (2013) is a great electrical scooter developer. Since creating India’s first sensible and related electrical scooter (Ather’s 450 product line), they’ve expanded their product choices to incorporate the Ather Rizta, Ather 450X, Ather 450S, in addition to private and non-private charging Infrastructure.

Ather raised $71M in Development Fairness from the Nationwide Funding and Infrastructure Fund, securing unicorn standing with a valuation at $1.3B.

The funding will help market growth by reinforcing its manufacturing setup and broadening its product choices. It plans to make use of its third manufacturing plant in Aurangabad to fabricate its electrical scooter developed for households. 

Waste & Recycling

The Rounds (2021) is a developer of a milkman supply service mannequin for single-use plastic containers. Their service affords subscriptions to weekly bundles of family fundamentals, private care gadgets, pantry staples and dry items, in addition to gadgets from native bakeries, espresso roasters or different sellers, delivered in reusable luggage and refillable containers.

On August 22^nd, the Rounds raised $24M in Collection B funding from Moderne Ventures and FJ Labs.  The spherical was accompanied by the announcement of latest options for purchasers, together with one-time buying capabilities and the selection of a supply day.

The funds might be used to scale its AI-powered service, and to pursue progress in current markets and launch it to new markets, in addition to to increase its workforce throughout machine studying, knowledge science, and govt management areas. The corporate has saved over a million kilos of packaging thus far.