Current Deals – 8 October 2024

Liquid immersion cooling, autonomous electric airplanes, and biofertilizers derived from insects fed on agriwaste: New Deals for looking at&nbsp,

Agriculture &amp, Food&nbsp,

Entosystem ( 2018 ) produces animal feed and biofertilizers from insects fed on agri-food waste streams. Through its latest production facility in Drummondville, Canada, Entosystem now has the capacity to divert and recycle 90,000 tonnes of natural material. &nbsp, &nbsp, &nbsp,

Entosystem’s October 2nd around raised$ 58M in Growth Equity from Idealist Capital, Fondaction, and Sanimax. &nbsp, &nbsp, &nbsp, &nbsp,

By boosting current production capacity, this strategic investment aims to accelerate Entosystem’s growth. This will primarily be accomplished by creating a second professional plant as Entosystem scales to meet growing demand. &nbsp, &nbsp,

Energy &amp, Power&nbsp, &nbsp,

A computing liquid immersion cooling solution for data centers is developed by Submer ( 2015 ). Their technology cools IT equipment using thermally sensitive and membrane liquid to capture heat that can be reused for all components. &nbsp, &nbsp,

On October 3rd, Submer raised$ 55.5 million in Growth Equity, led by M&amp, G Investments, with the support of Mundi Ventures, Planet First Partners, and Norrsken VC, its former investors. M&amp, G’s investment was made through M&amp, G Catalyst. &nbsp, &nbsp,

As Submer moves into its second phase of growth, the round will be used to increase customer acquisition and more assist clients with their infrastructure needs. The business intends to expand internationally by expanding its presence in the U.S. and APAC markets. &nbsp, &nbsp,

Materials &amp, Chemicals&nbsp,

In order to extend battery life and time of use, Anaphite ( 2016 ) develops methods to incorporate graphene into Li-ion batteries. The University of Bristol spin-out creates enhanced cathode powders that can be used to create electrodes that have been dried coated. &nbsp, &nbsp,

Notpla raised$ 13.7M in Series A funding on September 27th co-led by World Fund and Maniv Energy Capital, with participation from EEI, Nesta, and Elbow Beach Capital. &nbsp, &nbsp,

The funding will be used to scale up and expand their technology through commissioning a plant for fiberglass cathode material production, as well as supporting new hires, expanding their technology portfolio, and R&amp, D. &nbsp, &nbsp,

Resources &amp, Environmental Management&nbsp,

Atlas Metrics ( 2021 ) develops an all-in-one platform for ESG metrics. Using AI, their platform simplifies and automates CSRD reporting, enabling mid-sized businesses and financial institutions to meet regulatory requirements by analyzing and communicating their impact. &nbsp, &nbsp,

On September 30th, Atlas Metrics raised$ 13.6M in Series A funding from MMC Ventures, Cherry Ventures, Redstone, and b2venture. Through its technology, Atlas’s partnership with DG Nexolution spreads to up to 700 banks in the European cooperative network. &nbsp,

The funding will allow Atlas to expand into new markets, expand its workforce, and expand its ESG compliance and performance management offering. Atlas counts TK Moore and PwC Belgium as its clients. &nbsp, &nbsp,

Transportation &amp, Logistics&nbsp,

Pyka ( 2017 ) develops autonomous electric airplanes with several applications, including crop spraying. Pyka’s Pelican Spray is the largest FAA-approved uncrewed aircraft system ( UAS ) for crop protection. Pelican Cargo, designed for long-range delivery, is the primary large-scale autonomous electric cargo aircraft. &nbsp, &nbsp,

Pyka’s Series B round raised$ 40M led by Obvious Ventures with the participation of Piva Capital, Prelude Ventures, Metaplanet, and Y Combinator on September 24th. &nbsp, &nbsp,

The investment will help Pyka’s plans to increase production and commercialization as the business grows. Pyka has flights on numerous continents and has operations in Brazil, Central America, and the United States. &nbsp,

Waste and Recycling&nbsp, &nbsp,

A circular supply chain service platform that facilitates the recycling of crucial metals is provided by Cyclic Materials ( 2021 ). Its technology transforms end-of-life products into beneficial raw materials for the production of electric vehicles, wind turbines, and motors. &nbsp,

PureCycle’s September 25th Series B round raised$ 53M led by ArcTern Ventures. New investors BDC Capital, Hitachi, Zero Infinity Partners, Climate Investment, and Microsoft participated in the round alongside existing investors Fifth Wall, BMW i Ventures, Energy Impact Partners, and Planetary Technologies. The round comes in response to a grant from Natural Resources Canada that provides funding for the operation of its corporate demonstration facility. &nbsp, &nbsp,

By expanding its team and expanding its unusual earth recycling infrastructure in the U.S. and Europe, Cyclic Materials will use this money to accelerate its global growth. &nbsp, &nbsp,