High-Tech Gründerfonds has raised $525M to invest in early-stage startups based in Europe. The company manages $945M worth of assets. More: - The firm invests in startups that were founded in the last three years, are based in Europe, and have business interests in Germany.
- High-Tech Gründerfonds' investment per startup could reach $4M across all rounds.
- The company has already invested in startups such as:
- Reflex Aerospace,
- Phialogics,
- VisioLab, etc.
- The fund was backed by the Federal Ministry for Economic Affairs and Climate Protection, KfW Capital, Volksbank, Deutsche Post, the Schwarz Group, etc.
- Since its inception in 2005, the firm has invested in over 600 companies and has had over 100 exits.
- High-Tech Gründerfonds is based in Bonn, Germany.
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Everfuel and Hy24 have launched a $213M fund to develop eco-friendly hydrogen projects in the Nordics. The two companies have over $2B in total received investments. More: - The two companies aim to accelerate the use of green hydrogen in Europe, North America, South America, and the Asia Pacific region.
- This fund will invest $231M to develop green hydrogen infrastructure in Denmark, Norway, Sweden, and Finland.
- According to estimates, the companies will operate 1 GW of green hydrogen projects by the end of the project.
- The fund has already acquired HySynergy Phase 1, a 20 MW green hydrogen production facility in Denmark.
- Denmark-based Everfuel will own 51% of this newly formed joint venture, while Hy24 will own 49%.
- HY24, based in France, is backed by Border to Coast Pensions Partnership, the CMA CGM Group, ERAFP, Nuveen, Ballard, Schaeffler, and Société Générale.
Zoom Out: - By 2030, Denmark aims to build 4 to 6 GW of electrolyzer production capability, utilizing the potential of the country's wind-based energy generation.
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Temporal has raised a $75M Series B funding round to improve app efficiency for enterprises. Netflix, Snap, Stripe, and Coinbase use the platform. More: - The company aims to help developers eliminate complex errors or retry logic, avoid callbacks, and ensure that every workflow they launch is completed.
- Temporal offers Software Development Kits in programming languages such as Go, Python, PHP, TypeScript, and Java.
- In addition to Netflix, Snap, Stripe, and Coinbase, other companies that use the platform are:
- Instacart,
- Comcast,
- Datadog,
- Box, etc.
- Greenoaks led the funding round with participation from Amplify Partners, Index Ventures, Sequoia Capital, Madrona, and Addition Ventures.
- Since its inception in 2019, the company has raised over $200M.
- Temporal is based in Seattle, Washington.
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Air Company has signed a $65M deal with the U.S. Air Force to turn carbon dioxide into aviation fuel. The company aims to test its solution in aircraft carriers. More: - Air Company creates its own green hydrogen through on-site electrolysis using renewable energy. Its electrolyzer splits water into hydrogen and oxygen and converts the released gas through its Carbon Conversion Reactor.
- According to company officials, the startup aims to help the U.S. Air Force learn how to use the company's technology and make the fuel itself.
- In addition to its industrial use, this technology can also be used to create perfume, hand sanitizer, and vodka.
- The company is headquartered in New York and was founded in 2016.
- Since its inception, the company has raised a confirmed $35M.
- Air Company has refused to clarify whether a portion of this deal will be used as funding.
- Its previous backers include investors such as Toyota Ventures, JetBlue Ventures, Parley, Carbon Direct, etc.
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💵 Today's funding: Artificial Intelligence - SESAMm (France), a natural language processing company that does due diligence for global investment firms: $37M B extension led by Elaia and Opera Tech Ventures with participation from Unigestion, Elevator Ventures, AFG Partners, CEGEE Capital, Carlyle, and New Alpha Asset Management.
Venture Capital - Sure Valley Ventures (Ireland), invests in high-growth software companies in verticals such as enterprise, XR, and cybersecurity: $32M fundraise led by external investors.
B2B - Bonusly (Colorado), helps companies build connections between teams: $18.9M B led by Ankona Capital, with participation from FirstMark Capital, Access Venture Partners, and Next Frontier Capital.
Telecommunication - Really (Texas), enables users to compare 56 carriers and 379 plans and choose from those plans instantly: $18M Seed led by Polychain.
Gaming - Avalon (Florida), enables users to create games and virtual experiences: $13M Seed led by BITKRAFT Ventures, HASHED, Delphi Digital, and Mechanism Capital, with participation from Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild, and Morning Star Ventures.
Biotech - Verismo Therapeutics (Pennsylvania), develops therapies that aim to help patients with aggressive tumors: $7M Pre A led by BRV Capital Management with participation from Ignite Innovation.
- Thymmune Therapeutics (Massachusetts), a biotech company that develops therapies to restore immune function in aging and disease: $7M Seed led by Pillar VC, with participation from NYBC Ventures and other investors.
Food tech - WNWN Food Labs (U.K.), produces vegan, caffeine-free, and cocoa-free food that tastes like chocolate: $5.6M A led by PeakBridge, with participation from Martin Braun-Gruppe, Mustard Seed Maze, PINC, Investbridge AgriTech, and HackCapital.
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- Virginia-based trackd, a cybersecurity company that specializes in making patching security flaws more efficient, has raised $3.35M in Seed funding. Flybridge led the round, with participation from SaaS Ventures and Expa.
- European Innovation Council Fund and Impetus Capital led a $2.6M funding round for Transmetrics, a Bulgaria-based startup that offers an AI platform that aims to help companies manage their logistics.
- Cordless, a U.K.-based provider of AI-powered conversational software for call centers, has raised $2.3M in a Seed funding round led by Fly Ventures.
- Sourcerie, a beauty company cofounded by former Palantir and L'Oreal executives, has raised $2.1M in a funding round led by Playfair Capital.
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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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