Sublime Systems has raised a $40M Series A funding round to produce decarbonized cement. The company is based in Sommerville, Massachusets. More: - Sublime Systems uses innovative technology that enables the manufacturing of cement at room temperature.
- This cement is considerably more eco-friendly than what is available today in the market.
- Through Sublime Systems' technology, carbon capture after the cement is manufactured is unnecessary.
- Lowercarbon Capital led the funding round with participation from The Engine, Energy Impact Partners, and Siam Cement Group.
- The company was founded in 2020 by an MIT professor and a Fellow at the university.
- This is the company's first major funding round.
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U.K.-based Zyrofisher has raised a $30M funding round to expand its distribution network for cycling parts. The funding is structured as debt. More: - ZyroFisher stocks bicycles, clothing, accessories, parts, etc., and distributes them to retailers across the U.S.
- Some of its partners are SRAM, BMC, Giro, CamelBak, Evans, and Halfords.
- The company has over 28,500 products.
- Praetura Commercial Finance led the funding round.
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Fairbrics has raised a $23M funding round to convert CO2 into high-value polyester. The company's client list includes H&M, On Running, and Aigle. More: - The funding will be used to boost the production capacity of Fairbrics' manufacturing plant to 100 kg per day by 2024 and to 1 ton per day by later by 2026.
- The company believes it can affect climate change in the polyester production industry by replacing fossil fuel polyester with CO2-based polyester.
- Fairbrics is based in Paris, France.
- The funding was led by the European Union and Partners to the Technology Upscaling Project.
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California-based CloseFactor has raised a $15.2M Series A funding round to automate sales tasks. Sequoia participated in the funding round. More: - CloseFactor uses Artificial Intelligence to help sales teams determine which accounts are likely to convert into sales.
- The AI software recommends the accounts based on different data points, such as previous sales and sales strategies.
- Vertex Ventures led this Series A funding round.
- The company currently has 20 employees and aims to use this funding to further expand its team and develop its product.
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💵 Today's funding: Logistics - Locad (Singapore), provides a cloud platform that helps e-commerce companies track their order shipments throughout different warehouses: $11M Series A led by Reefknot Investments with participation from Sequoia India, Surge, Febe Ventures, Antler, Access Ventures, JG Summit, and WTI.
No-code - Cumul (Belgium), a platform that provides white-label data plugins to SaaS companies: $10.8M A led by Hi Inov-Dentressangle, with participation from Axeleo Capital, LRM, and SmartFin.
Crypto/Web3 -
Syky (New York), has created a blockchain platform for designers to share their work: $9.5M A led Seven Seven Six with participation from Brevan Howard Digital, Leadout Capital, First Light Capital Group, and Polygon Ventures. SaaS -
HotelRunner (U.K.), a hospitality and travel booking platform: $6.5M A led by 212, Wix Capital, Founders Factory, Ascension Ventures, DHM, and angel investors. Biotech -
EnsiliTech (U.K.), a biopharmaceuticals company that develops innovative storage solutions in the field of pharmaceuticals and biological materials: $1.4M Pre-Seed led by Science Angel Syndicate and Fink Family Office, with participation from QantX, Elbow Beach Capital, angel investors and Innovate UK. Gaming Internet of Things - Trackunit (Denmark), provides real-time data to construction management teams around the world regarding works safety, business intelligence, customer behavior, etc.: undisclosed acquisition of Flexcavo.
E-commerce
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- Sona, a company founded in 2021 that aims to make frontline organizations more efficient, has been acquired by London-based Yapster, an enterprise communication app. The amount remains undisclosed.
- Global brokerage and consulting company Arthur J. Gallagher & Co. has acquired First Ireland Risk Management Limited, a retail brokerage firm based in Dublin, Ireland.
- Diverger (Australia), an accounting services company, closed a $2.25M acquisition of Priority Networks.
- Connecticut-based cybersecurity and IT consulting company TNS Group has been acquired by Pennsylvania-based Omega Systems for an undisclosed amount.
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Upcoming events at Inside: - January 12 - AMA with Gun.io - Building and managing software development teams w/ Deividi Silva (Watch On Demand)
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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Established in 2005, 3rd Element Consulting provides expert IT solutions tailored to businesses in regulated industries. Their managed services help organizations improve security, compliance, and overall IT performance.
ReplyDeleteSince 2005, 3rd Element Consulting, led by Dave and Dawn Sizer, has delivered top-tier IT and cybersecurity solutions. Headquartered in Mechanicsburg, PA, they focus on security-driven, strategic IT services. Their clientele includes law enforcement, government, and professional firms. They offer device monitoring, proactive IT management, and cloud solutions. Their mission is to keep businesses efficient, secure, and resilient against cyber threats.
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