In a significant stride towards sustainable industrial practices, cleantech leader GlassPoint has received a $2.5 million investment from German VC firm MIG Capital. This funding aims to bolster GlassPoint’s efforts in deploying large-scale solar steam facilities, pivotal in slashing carbon emissions across hard-to-abate sectors such as mining, chemicals, and construction materials. GlassPoint specializes in designing,…
RevolKa Ltd. a pioneering biotech firm at the forefront of AI-driven protein engineering, proudly announces the successful closure of its Series A extension funding, raising a total of 250 million JPY (approximately US$1.7 million). This latest infusion of capital, which includes a 100 million JPY (US$0.7 million) financing round, is poised to significantly enhance RevolKa’s…
Bio-Logical, a pioneering climate tech firm specializing in biochar carbon removal, has successfully raised $1.3 million in funding to amplify its efforts in combating climate change and enhancing the resilience of Kenyan smallholder farmers. This investment marks a significant milestone for the company as it gears up to expand its Mt. Kenya biochar facility, aiming…
iVerify, a pioneer in advanced mobile Endpoint Detection and Response (EDR) solutions, has announced the successful closure of $12 million in Series A funding, underscoring its commitment to transforming mobile security landscapes worldwide. Shine Capital led the investment round, with additional participation from Exponential Founders Capital, Mischief Ventures, Box Group, Parameter Ventures, Talons Ventures, and…
In a strategic realignment aimed at consolidating its global investment businesses, Sun Life Financial Inc. has named Tom Murphy as President of its newly unified asset management division, Sun Life Asset Management. The move is set to bring all of the company’s asset management operations under one umbrella for the first time. Murphy, a seasoned…
Switzerland-based blockchain startup RedStone, originally founded in Poland, has successfully closed a $15 million Series A funding round led by Arrington Capital. This significant investment marks a pivotal moment for the company, known for its pioneering work in multichain databases and blockchain oracles. Founded in 2021 by Jakub Wojciechowski and Marcin Kazmierczak, RedStone has quickly…
In a significant stride towards transforming B2B distribution across Europe, Finnish startup Droppe has announced the successful closure of a €3.9 million seed funding round. Led by esteemed early-stage venture capital firm OpenOcean, the funding round saw participation from notable figures including Miki Kuusi and Marianne Vikkula of Wolt, Ilkka Paananen of Supercell, and Robert…
In a major leap forward for satellite navigation, Xona Space Systems has secured $92 million in new funding, marking a pivotal step in deploying its Pulsar constellation, the world’s first commercial satellite navigation service in Low Earth Orbit (LEO). This latest round brings Xona’s total funding to $150 million, including a $20 million non-dilutive award…
In a significant advancement for the realm of generative AI, Galileo has announced the completion of a $45 million Series B funding round, led by Scale Venture Partners. This marks the largest Series B investment to date in AI evaluation and observability, following an impressive 834% revenue growth for the company in 2024 and its…
In a pivotal move for inclusive financing, JPalmer Collective (JPC), an asset-based lending firm committed to supporting high-growth, women-led, and natural products companies, has successfully raised $72 million in gross proceeds. This substantial capital infusion is set to enhance JPC’s growth trajectory and facilitate new loans for its carefully selected clientele. The capital raise comprised…
