Last week was eventful and prosperous for many climate tech companies in terms of funding. Here’s Climate Insider’s weekly report on funding across various sectors, including carbon management, data analytics, and climate risk tools. Highlights include Downforce Technologies’ $4.2 million funding round led by Equator VC, Estuaire’s €2.2 million Seed funding led by Satgana, and GV’s £14 million investment in Climate X. Other notable funding rounds include e-Zinc securing $31 million, Samsara Eco raising AUD$100 million, and char.gy receiving a £100 million investment.
- Downforce Technologies, a global climate tech company, has closed a $4.2 million funding round led by Equator VC to scale its Downforce technology, which measures and predicts soil organic carbon levels. Read More
- Paris-based Climate Tech startup Estuaire has secured €2.2 million in Seed funding, led by Satgana, to advance its data analytics platform. Read More
- GV (Google Ventures) led a £14m ($18m) investment in Climate X, a London-based startup specializing in climate risk tools for financial institutions, to support its expansion into the US market. Read More
- e-Zinc has secured USD $31 million in additional funding, following a successful Series A round totalling $25 million, led by Evok Innovations, with contributions from Mitsubishi Heavy Industries and others. Read More
- Samsara Eco has raised AUD$100 million/USD$65 million in its latest funding round, led by Temasek and Main Sequence, with participation from other notable investors. Read More
- char.gy, a London-based EV charging company, has secured a £100 million investment from the Charging Infrastructure Investment Fund, managed by Zouk Capital LLP. Read More
- Vertus Energy, led by Benjamin Howard, an Austrian waste-to-energy startup, has secured €8.75 million in seed funding led by Energy Capital Ventures, with participation from other global investors. Read More
- Sila Nanotechnologies, Inc. has raised $375 million in its Series G round, led by Sutter Hill Ventures and T. Rowe Price Associates, with participation from new and existing investors including Bessemer Venture Partners, Coatue, and Perry Creek Capital. Read More
- Rondo Energy announced €75M project funding with Breakthrough Energy Catalyst and the European Investment Bank to support three industrial decarbonization projects in Europe. Read More
- M2X Energy announced $40 million series B Funding to accelerate commercial operations. The Series B financing round led by Conifer Infrastructure Partners, with participation from Breakthrough Energy Ventures (“BEV”), Eni Next, Add Ventures by SCG, and Autodesk Foundation. Read More
- Cleantech startup Aikido has raised $4 million for their low cost floating offshore wind solution. Read More
- LiveEO, a Berlin-based provider of satellite analytics, has raised €25 million in a Series B funding round. Previously, the company secured €19 million in funding in 2022. The investment round was led by NordicNinja (which invested in Griffin and Onego Bio) and DeepTech & Climate Fonds (DTCF). Read More
