All this happened in ClimateTech this week:
🧪 Bioeutectics raised $2.1M to create more natural, sustainable solvents for use in food and cosmetic and without chemical and petroleums as it looks towards their U.S. expansion.
🏢 British startup Concrete4Change secured £2.5 million in a funding round led by Zacua Ventures.
🍄 Germany’s Infinite Roots® secured $58 million Series B funding, marking “the largest investment” in mycelium technologies in Europe to date.
🦗 Dutch insect protein startup Protix, which uses waste from the food industry as feed for insects that then are processed into valuable nutrients such as proteins and lipids, secured investment from the European Investment Bank through a loan agreement.
☕️ Kaffe Bueno, based in Denmark, raised €6.2 million in a Series A funding round led by Borregaard.
🌴 New York-based C16 Biosciences received a $3.5 million grant from the Bill and Melinda Gates Foundation to expand its Palmless platform for precision-fermented palm oil alternatives and accelerate its path to regulatory approval.
🐟 Forsea Foods, based in Israel, unveiled the first prototype of its cultivated eel, and has partnered with Tokyo vegan restaurant SAIDO to create two traditional Japanese dishes with the cell-cultured fish.
🔋 Instagrid, based in Germany, secured $95 million Series C funding at a post-money valuation of $400-$500 million.
☀️ London-based Metris Energy secured £2 million in a pre-seed funding round led by Octopus Ventures and Aenu VC.
🔌 Danish startup Monta raised €80 million in a Series B funding round co-led by Energize Capital, GreenPoint Partners and Denmark’s state-backed Export and Investment Fund.
🌿 Berlin-based Vyld secured a seven-figure seed funding round backed by a blend of government funds, the EU, and a cohort of angel investors and venture funds.
🇺🇸 Innovation Endeavors announced the closure of its largest fund to date, securing $630 million in capital commitments to invest in the “intersection of science and technology” in sectors such as climate, intelligent software, engineering health and supply chain.
🇮🇩 AC Ventures, based in Indonesia, closed its fifth fund with $210 million. Its portfolio already includes Indonesian electric vehicle maker MAKA Motors and sustainable farming startup Koltiva, and it will use the funds to support startups that are growing quickly and align with its impact goals.
🔮 Our latest VC predictions including African Climate Investors: Maxime Bayen, Maelis Carraro, Romain Diaz, Victor Ndiege, Victoria Harris, Peter George, Caitlin Wale, Hossam Allam, Sherief Kesseba, Tobias Ruckstuhl, Toukam Ngoufanke, Eva Maria Stolz, Duval Van Zijl, Abby Stern, Farai Shaun Sekeso, Vova (Vladimir) D.
Plus: Eatable Adventures Vectr7 Investment Partners LLP Vidia Equity
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