Turning waste-wood into skyscrapers; mycoprotein for fish farming; saving landfill-bound merchandise from the hangman’s noose– Current offers value taking a look at:
Agriculture & Meals
EniferBio (2019) is greening-up the business of sustainable fish farming with its biotech meals and animal feed protein merchandise. The one-cell protein is extracted from fungi Pekilo mycoprotein and protein-rich cell biomass pulled from underutilised facet or meals waste streams. This waste-to-high-value-product expertise differs from the unique fermentation strategies developed by forestry scientists within the Nineteen Sixties, and gives 70% protein, 20-30% fibre, 10% fat and minerals, and a excessive focus of vitamin B for high-quality animal feed.
EniferBio has secured $12M in Sequence A funding from Aqua-Spark, TESI, Valio, Voima Ventures, and Nordic FoodTech VC.
The funding will go in the direction of scaling its expertise and manufacturing capacities.
Power & Energy
Power Dome (2019) is preventing local weather change with its CO2 battery. The vitality storage resolution provided by Power Dome is predicated on the thermodynamic transformation of CO2, a closed loop course of utilizing CO2 to retailer vitality and make renewable energy dispatchable. This revolutionary long-term vitality storage system permits giant portions of vitality to be saved in any web site dependency, permitting companies to retailer electrical energy affordably.
Power Dome has closed a $44M Sequence B spherical from Eni Subsequent, Neva SGR, Barclays Sustainable Affect Capital, CDP Enterprise Capital, Invitalia Ventures, Novum Capital Companions, 360 Capital Companions, Japan Power Fund Ventures, and Elemental Excelerator.
The funding will go in the direction of enabling additional commercialization of Power Dome’s expertise around the globe and can help the enlargement of Power Dome’s workforce in key markets, with a selected deal with the U.S.
Supplies & Chemical substances
WooDoo (2016) has developed dieback bionic wooden, a molecularly-enhanced translucent wooden that overcomes all commonplace wooden limits for its software within the constructing business. Its expertise transforms broken wooden species at a molecular scale into high-performance materials alternate options for metal, glass, leather-based, and plastics. These supplies are claimed to ‘outperform metal and concrete in energy, weight, look and value’.
The Parisian firm has secured $31M in Sequence A funding from One Creation, Lowercarbon Capital, and Purple Ventures with angel traders additionally taking part within the spherical.
The funding will go in the direction of scaling its manufacturing capabilities to fulfill their rising demand whereas exploring different business alternatives. The transformation of lifeless wooden right into a skyscraper is not any small feat, taking the world’s bottom-line and aesthetics-based tradition and aligning them with environmental wants.
Sources & Surroundings
Cyclic Supplies (2021) gives recycling providers to help round provide chains by saving one landfill-bound product at a time. It’s a round provide chain service platform particularly aiming to facilitate the recycling of essential earth metals and supplies used for high-performance magnets to get them re-circulated and again into the manufacturing course of. Emission-reducing industries receiving these supplies embrace wind turbine, electrical car, and electronics for CO2 producers.
Cyclic Supplies has raised $27M in an oversubscribed Sequence A funding spherical led by Power Affect Companions (EIP) and BMW i Ventures (BiV), together with Fifth Wall, Bioindustrial Innovation Canada (BIC), and Planetary Applied sciences.
The funds might be used to scale up its progress in North America, Europe, and Asia.
Transportation & Logistics
Virta (2013) is bringing electrical mobility nearer to day by day routines with its providers protecting the entire electrical charging worth chain. Its worldwide charging community connects EV drivers and supplies entry to over 350,000 charging factors for each companies and native communities.
Virta has raised a cumulative of $91M in progress fairness funding to help its European and APAC area enlargement plans; $71M is from Jolt Capital, co-invested by Future Power Ventures, with the remaining $20M from Enterprise Finland.
The intention is to be the connector for all key gamers inside the electrical car ecosystem by providing a channel to launch, scale and function business providers inside the EV business.
Enabling Applied sciences
Ursa Main Applied sciences (2015) brings high-performing rocket engines, hypersonics and a spread of turnkey propulsion options to the microsatellite launch business. The thought is to convey a brand new mannequin for area entry by ensuring that each hyperlink on this huge worth chain isn’t restricted by these round it.
To pursue its expertise growth, Ursa Main has closed its $100M Sequence D spherical from traders together with BlackRock and House Capital. These funds come a 12 months following its $85M Sequence C spherical, with a cumulative whole of $234M raised and a $400M pre-money valuation.
Ursa Main is working to proceed constructing ‘Hadley’, its 5,000-pound liquid oxygen and kerosene engine, and ‘Ripley’ a a lot bigger engine which is 10x extra highly effective with its 50,000-pound thrust. This spherical of funding will go in the direction of persevering with to develop its applied sciences that are targeted straight on the development of rocket engines.
