In a significant boost for the Nordic startup ecosystem, venture capital firm node.vc has successfully closed a €71 million fund aimed at fostering early-stage entrepreneurial ventures across the region. The firm, composed of seasoned professionals from leading startups and scaleups—including eye-tracking innovator Tobii and video game powerhouse Paradox Interactive—is committed to creating a robust support…
Citroniq Chemicals LLC, a pioneer in producing carbon-negative materials, has successfully closed a $12 million Series A financing round. The funding was spearheaded by a major multinational energy technology firm renowned for providing large rotating equipment across the oil & gas, energy, and industrial sectors globally. Additional backing came from Lummus Technology Ventures and a…
Codeium, a leading generative AI-powered coding platform, has announced the successful closure of a $150 million Series C funding round, elevating the company’s valuation to an impressive $1.25 billion. This funding round was spearheaded by General Catalyst, with continued backing from existing investors Kleiner Perkins and Greenoaks. With this new capital, Codeium solidifies its position…
Zen Educate, an innovative online platform revolutionizing teacher recruitment, has successfully raised $37 million in a Series B funding round to address the pressing global teacher shortage. Founded in London in 2017 by Slava Kremerman and Oren Cohen, Zen Educate aims to streamline the hiring process by eliminating expensive third-party recruitment agencies, making it easier…
In a significant move poised to transform the world of sustainable materials, PACT has successfully raised £9 million in a Seed funding round. This capital will accelerate the development of their innovative biomaterials, with a special focus on their flagship product, Oval—a versatile material crafted from natural collagen. Located in the heart of Cambridge, PACT…
Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP), the pioneering force behind the British electric vehicle brand Zapp, has announced a substantial enhancement in its financial backing to propel the global deployment of its innovative i300 electric urban motorcycle. Under a new standby equity purchase agreement (New SEPA) with an affiliate of Yorkville Advisors Global, LP,…
Kimmeridge, an influential alternative asset manager in the energy sector, has appointed David Lawler as Chief Executive Officer of its affiliate, Kimmeridge Texas Gas (“KTG”). With over 30 years of distinguished experience in the energy industry, Mr. Lawler assumes leadership at KTG, tasked with advancing its vision to become a leading provider of LNG from…
Sidecar Health, a pioneering force in revolutionizing health insurance accessibility and transparency, proudly announces the successful closure of a monumental $165 million Series D financing round. Koch Disruptive Technologies spearheaded this investment, marking the largest private funding initiative in employer health benefits this year. Joining forces with existing investors such as GreatPoint Ventures, BOND, and…
Under the pioneering leadership of CEO Raquel Urtasun, Waabi has rapidly become a cornerstone in the autonomous vehicle sector, specifically in the domain of self-driving trucks. With a recent $200 million Series B funding infusion, spearheaded by Uber and Khosla Ventures, Waabi is on a trajectory to redefine logistics and transport through cutting-edge AI technologies….
FREYR Battery (NYSE: FREY), a leading developer in clean, next-generation battery cell production, has reached a significant milestone in its operations with the successful completion of its first production trial at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway. This accomplishment marks FREYR as the first company to achieve automated production trials on…
