Zach Scheel, P.E.’s Post

Daily Hard Tech Headlines: - Tactical Edge Systems has raised its pre-seed funding round, led by Fulcrum Venture Group. The startup is working on remote energy solutions for agriculture, construction, and defense end markets. - Leonid Capital Partners, a private credit firm, has announced a $20M credit investment into Elusys Therapeutics, Inc.. The company focuses on countering biological threats through medical countermeasures. - Fifth Wall has launched its next Flagship Fund. New LPs include Lowes, Public Storage, and many more. Fifth Wall is the largest proptech asset manager in the world and has invested in hard tech companies including ICON and Built Robotics. - Harbinger, the EV startup, has raised $100M. The round was co-led by Capricorn's Technology Impact Fund and Leitmotif. - Anduril Industries has announced the location of its new Arsenal-1 Hyperscale Manufacturing Facility. The selected location is Columbus, Ohio, and the facility will create 4,000+ jobs.

Naples-based venture capital firm ROC Venture Group, known for numerous investments in artificial intelligence-related technology, acquired a 45-mile fiber optic project along the Interstate 95 corridor outside of Washington, D.C., an area company officials identified as having the highest concentration of data centers and fiber optic needs in the world. https://lnkd.in/eSVpsATM

Fleet Space Technologies, an Adelaide-based space exploration company, has raised AUD 150 million (USD 96.2 million) in a Series D funding round led by Teachers’ Venture Growth (TVG). The round included returning investors such as Blackbird Ventures, Hostplus, Horizons Ventures, Artesian Venture Partners, and Alumni Ventures. https://lnkd.in/dTMeziZG

Momentum Capital is excited to announce that it is in the process of selling the last three ventures from Momentum Technology Fund I, all incubated at Amsterdam’s tech-startup Seaborough. These ventures, holding global patents in nanomaterials, life sciences, and lighting, are now ready for market entry following strategic reviews by Kearney, Yole Group, and ClearViewIP. 🔅 SunLED brings the health benefits of sunlight to everyday electronics, validated by Kearney for global market potential. 🔬 Nano Materials could cut energy consumption in LED lighting by up to 20%, supported by a market report from Yole. ⚡Ultima offers an energy-efficient alternative to mercury-filled lighting, with ClearviewIP leading the transaction team. "Our impact investors have put their money where their mouth is: 93% voted to exclusively select buyers that guarantee the future prospects of the ventures, their teams and the global impact of their Intelectual Property." - Martijn van Rheenen, Momentum Capital Read more here: https://lnkd.in/dPvBGqke Matthijs Mollema, Anne Berends, Marie Anne van de Haar, Ayhan Siriner, Pieter Six #Seaborough #MomentumCapital #ImpactInvesting

Nanotech Capital Raises in the U.S. - September 16th-30th, 2024 Several interesting transactions closed in the Nanotech sector this week. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me. Later Stage VC 1. Nomic, a protein profiling platform, raised $42 million venture funding from Avant Bio, Real Ventures, Lux Capital, SR One Capital Management, Amplitude Ventures, and others. 2. Utility Global, a clean energy technology company, raised $53 million venture funding in a deal led by Ontario Power Generation, with participation from Aramco Ventures, Saint-Gobain NOVA, ArcelorMittal, and Ara Partners. 3. Peptinovo Biopharma, a biotech startup, raised an additional $1.32 million venture funding from MichBio, Biosciences Research and Commercialization Center, and Keiretsu Forum, putting the company's pre-money valuation at $19 million. 4. MetOx International, a power delivery technology company, raised $25 million venture funding led by New System Ventures and Centaurus Capital LP. 5. Revolution Space, a nanotech firm, raised $5.7 million of venture funding from undisclosed investors. The funds will support the company's ongoing projects in space technology. #castleplacement #capitalraising #privateequity #venturecapital #nanotech #investment

Mindgrove Technologies raises $8M in Series A funding co-led by Rocketship.vc and Speciale Invest. Mindgrove will use the fresh capital to hire talent, fuel in-house engineering capabilities, along with scaling production and sales of its first chip. Mindgrove Technologies Read more at: https://lnkd.in/gwCCEFWP

University of Cambridge spinout illumion has raised £2.1 million in Seed funding, led by Foresight Group’s Ventures team, with support from Cambridge Enterprise Ventures, Parkwalk Advisors, and Cambridge Angels. This investment fuels the next phase of their journey from lab to market. illumion’s groundbreaking Charge Photometry technology enables non-destructive, real-time visualisation of battery materials during charge and discharge cycles—an essential step toward creating better, faster, and more efficient batteries. With this funding, illumion will expand their team, develop advanced analytical software, and bring this transformative technology to R&D labs worldwide. Learn more: https://lnkd.in/dhCzbjjd #LabToMarket #DeepTech #BatteryInnovation #ChargePhotometry #EnergyTransition

Scientifica Venture Capital has announced the launch of Scientifica Fund 1 (SF1), a €200 million fund — or about $209 million US — dedicated to supporting start-ups and technological projects in future computing, smart materials, advanced industry, and environmental technologies across all stages of development. 👏🏻 The fund aims to foster a new era of technological competitiveness and economic growth by leveraging a robust convergence of scientific excellence, venture capital, and industrial processes. It will support innovative companies at all stages of development, from the initial idea to the scale-up phase, optimizing research time and costs while accelerating their path to market. https://lnkd.in/dQw9zDMg #Fund #QuantumComputing #MarketDevelopment #Environmental

🚀 Exciting News Alert! 🚀 I'm thrilled to announce that Matel, a pioneer in manufacturing components for electric vehicles (EVs) and other industrial applications, has successfully raised $4 million in a funding round led by Transition Venture Capital, a renowned clean energy-focused venture fund. This significant investment round also witnessed participation from Gruhas, backed by the esteemed Nikhil Kamath, and Haresh Abichandani, the visionary founder of Millennium Semiconductor. It marks a pivotal moment for Matel as it secures its first institutional funding since its inception in 2017, as shared by co-founder Netaji C Patro. Transition VC's Managing Partner, Raiyaan Shingati, expressed his enthusiasm about Matel's strategic focus on motors and motor controllers, vital components in the EV value chain. He highlighted Matel's integrated product approach, which combines controllers and motors to unlock substantial efficiencies, perfectly aligning with Transition VC's investment strategy. The newly acquired funds will fuel Matel's expansion plans, primarily aimed at bolstering its talented team, which currently comprises 60 dedicated individuals. With a sharp focus on doubling the research and development (R&D) team, Matel is poised to enhance innovation and product development. Additionally, the firm aims to ramp up its manufacturing capacity from 5,000 units per month to an impressive 20,000 units per month by FY26. Matel's expertise extends beyond EV components, encompassing machines for irrigation and industrial usage. Its comprehensive product portfolio includes power trains and motor control units crucial for EVs, with a battery management system under active development, as shared by Patro. Patro emphasized Matel's commitment to addressing key challenges in the EV sector, particularly focusing on enhancing energy efficiency and performance to reduce ownership costs. While Matel presently focuses on three-wheeler EVs, it also offers products tailored for two-wheeler and four-wheeler EVs. With a strong financial performance, boasting over Rs 30 crore in revenue in FY24 and profitability since 2019, Matel is poised for exponential growth. Patro expressed confidence in achieving over Rs 100 crore in revenue by the end of FY26, driven primarily by the burgeoning EV segment. As Matel gears up for an exciting journey ahead, we anticipate witnessing its transformative impact on the electric vehicle industry and beyond. Join us in congratulating Matel on this remarkable milestone and stay tuned for more updates on their groundbreaking innovations! #Matel #EV #CleanEnergy #Innovation #FundingRound #FutureMobility

🚀 Another week, another #deeptech funding highlight post (Aug 05 - 11, 2024)! Germany 🇩🇪 🚀 DCUBED (Series A) raised an undisclosed amount for new-space tech, from Expansion BayBG, HTGF | High-Tech Gründerfonds, etc. United Kingdom 🇬🇧 ⚙️ Monumo was awarded £750K from Innovate UK to redesign electric drive units using 3D GenAI. 🔩 New Motion Labs secured £890K for drivetrain tech development, from South West Investment Fund. 🌍 Cocoon (Pre-Seed) raised $5.4M to decarbonize the steel/concrete industries, led by Wireframe Ventures, Celsius Industries, etc. 🤖 PHINXT Robotics (Seed) raised £2M to develop AI-led robotics software, led by Sure Valley Ventures. 🔋 Gaussion (Series A) raised $12M to enhance battery performance, led by Autotech Ventures. 🔢 Riverlane (Series C) raised $75M for quantum error correction tech, led by Planet First Partners. United States 🇺🇸 ☁️ Hyperbolic (Seed) raised $7M for GPU resources and AI services, led by Polychain Capital and Lightspeed Faction. 🔬 Adept Materials (Seed) raised $4M for advanced materials, led by D.R. Horton and PulteGroup. 🪴 Plonts (Seed) raised $12M for plant-based cheese products, led by Lowercarbon Capital. 🖲 375ai (Seed) raised $5M for decentralized edge data intelligence, led by 6th Man Ventures, Factor, and others. 🔥 Cala Systems (Seed) raised $5.6M for intelligent heat pump water heaters, led by Massachusetts Clean Energy Center and Clean Energy Venture Group. 🛠️ Datch (Series A) raised $15M for AI tech in manufacturing and utilities, led by Third Prime. ⚙️ H3X Technologies (Series A) raised $20M to develop high-power density electric motors, led by Infinite Capital. 🌌 Muon Space (Series B) raised $56M to develop end-to-end space systems, led by Activate Capital. 🔋 SYSO Technologies (Series B) raised $14.5M for renewable energy and battery storage, led by Kimmeridge. 🖥 Groq (Series D) raised $640M for fast AI inference tech, led by BlackRock Private Equity Partners. 🛡️ Anduril Industries closed a $1.5B funding round for defense tech, co-led by Founders Fund and Sands Capital. ☢ Ionetix received an undisclosed amount for cyclotron tech for medical isotopes, from Eli Lilly and Tees River. Canada 🇨🇦 🌌 Perspective Space (Seed) raised $2.8M to improve space weather forecasting using AI, from Panache Ventures, Metaplanet, 7percent Ventures, etc. Lithuania 🇱🇹 🧬 Biomatter (Seed) raised €6.5M to advance enzyme design with GenAI, led by Inventure and UVC Partners. Netherlands 🇳🇱 ☀️ Solarge raised €1.5M for lightweight solar panels, from Limburg Energy Fund. 🔬 VSPARTICLE (Series A2 Extension) raised €6.5M for nanoparticle synthesis tech, led by NordicNinja VC and Plural. Denmark 🇩🇰 👓 ABH Optics ApS (Pre-Seed) raised €1M for novel eyeglass lenses using nanotech, led by High-Tech Gründerfonds. Ukraine 🇺🇦 🛡️ Rcam raised $25K for battlefield surveillance tech, from Brave1. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Stay tuned for more updates💡📈🛠️. https://www.hcvc.co/