Portfolio News
VAIRE funding of $10m
Vaire Computing, has now raised $10 million in seed funding. New investors include Lifeline Ventures, alongside Seedcamp, 7pc Ventures and Energetik Ventures. Vaire Computing is a reversible computing startup developing what it calls “near-zero energy chips,” otherwise known as “resonant adiabatic reversible computing.” Compute power in AI data centres is using vast amounts of energy and water. And Moore’s Law is coming closer to its limits.
VAIRE raises seed round
Vaire Computing, based in London and Seattle, is betting that reversible computing will be the way forward to reduce the energy costs for AI data centres. It has now raised $4.5 million in a seed round to work on building silicon chips that would consume negligible amounts of energy. Backers include Seedcamp, 7pc Ventures and Energetik Ventures.
IGS raises £22.5m series C
Intelligent Growth Solutions has raised £22.5m in Series C funding round for its vertical farming technology. The investment comes after IGS announced at COP28 UAE that it had partnered with Dubai-based ReFarm to build a game-changing 900,000 square foot “GigaFarm” in the United Arab Emirates, capable of replacing 1% of food imports to the country. The Series C fundraise was led by COFRA Holding AG , S2G Ventures, Ospraie Ag Science and Scottish Enterprise.
Xlinks raises £20m
November 29th 2023
Oil and gas giant TotalEnergies has invested £20m in Xlinks, a project to bring solar and wind power from Morocco to the UK through a 3,800 km cable. The £20bn project also backed by Octopus Energy will provide 8% of the UK's electricity, using the world’s longest sub-sea cable
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Echion raises $40m series B
September 6th 2023
Echion has raised a big investment round from US-based investor Volta Energy Technologies to accelerate the scale-up of their advanced niobium-based battery anode materials. Joining existing investors BGF and Cambridge Innovation Capital.
Puraffinity raises $14m series A
September 5th 2023
Congrats to Puraffinity on raising $13.9m in a Series A funding round led by Octopus Ventures with participation from existing investors Kindred Capital VC, HG Ventures and Verve Ventures. Puraffinity has developed technology for the removal of PFAS "forever chemicals".
EV.Energy raises $33m series B
July 27th 2023
Congrats to the team at ev.energy for raising $33 million in Series B funding from investors including National Grid, Aviva, Energy Impact Partners and Future Energy Ventures, to expand across North America and Europe, connecting millions of vehicles and drivers to their EV Flex Virtual Power Plant.
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Piclo raises $10m series B
March 22nd 2023
Piclo, the world’s leading grid flexibility services marketplace, has closed its Series B funding round, led by Future Energy Ventures and Clean Growth Fund. The funding will support Piclo’s growing team and investment in further product development.
Lunar Energy acquires Moixa
Mountain View, California, 1st August 2022
Lunar Energy has emerged from stealth announcing its acquisition of Moixa. Led by former Head of Tesla Energy, Kunal Girotra, Lunar has raised $300 million in funding from Sunrun (NASDAQ), the leading US residential solar and battery storage provider, and South Korea's SK Group. Moixa is the leading global software company for distributed energy resources (DER) management. ITOCHU and Honda, previous investors in Moixa also joined Lunar's team of investors.
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Deepki acquires Fabriq
Paris, 28th June 2022
Deepki, the leading SaaS energy efficiency platform for real estate owners, has acquired UK-based competitor, Fabriq, as part of its ambitious international growth strategy. This follows Deepki's announcement of €150 million of new funding in March 2022.
IGS raises £42m series B
November 4th 2021
Intelligent Growth Solutions the Scottish agritech business, has announced the conclusion of its Series B funding round with a total raise of £42.2 million with backing from COFRA (Switzerland), Ospraie Ag Science (New York City), S2G Ventures (Chicago) and AgFunder (San Francisco);
