Hey Insiders, Today’s Inside.com Book Club is all about REWORK by 37signals, and we have an extremely special guest showing up: 37signals CEO Jason Fried, who happens to also be an Inside.com community member. The book club begins at 2:30 p.m. PDT, so come ready to share, listen, and learn. Whether have questions about REWORK or are just really into Basecamp or HEY, Jason will be on the call to talk about everything that went into this book. We’re excited to have him and hope you can join us. | | |
Renewable energy manufacturing company Avaada has raised a $1B funding round. The Brookfield Global Transition Fund led the round. More: - Avaada Group is an integrated energy platform that operates in verticals such as:
- solar cell manufacturing,
- renewable power generation,
- green hydrogen,
- and green ammonia production.
- Avaada currently operates a renewable energy portfolio of 4 GW and aims to use this funding to scale up to 30 GW by 2030.
- Its solar manufacturing business is in the advanced stages of developing a manufacturing facility for wafers, cells, and modules.
- Avaada is based in Mumbai, India.
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AtlasEdge has raised an $800M funding round to expand its data center network. The company currently has data centers in 12 countries. More: - AtlasEdge is an edge data center company that aims to help its clients reduce latency and improve their overall product experience.
- The company operates in 12 countries, including cities such as:
- London
- Amsterdam,
- Paris,
- Barcelona,
- Berlin,
- Brussels,
- Copenhagen,
- Madrid,
- Manchester,
- Milan,
- Hamburg,
- and Zurich.
- NG Bank led the funding round, with participation from ABN Amro, Crédit Agricole CIB, The Bank of Nova Scotia, National Westminster Bank Plc, Banco Santander, and UniCredit Bank AG.
- AtlasEdge aims to use this funding round to invest in expanding its data center network across Europe.
- The company is based in London, U.K.
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E2ip Technologies has raised a $120M Series B funding round to provide advanced printed electronics. The company is based in Montreal, Canada. More: - E2ip Technologies develops products that aim to change how people interact with the physical world through innovations in printed electronics, materials science, advanced manufacturing processes, and the development of integrated touchscreen systems.
- The company manufactures products such as:
- Smart molded parts,
- Electromechanical systems,
- Membrane switches,
- Smart touch surfaces,
- 5G Smart surfaces.
- The round was co-led by Export Development Canada and McRock Capital, with participation from Investissement Québec and DNA Fund.
- The company will use the funds to expand its embedded systems capabilities in its factory in Casablanca, Morocco.
- The company has raised $125M since its inception in 2016.
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Evommune has raised a $50M Series B to develop new ways of treating inflammatory diseases. Founded in 2020, the company has raised over $145M. More: - Evommune aims to evolve immunology through its dynamic human tissue-based approach to discover, develop and deliver therapies that address symptoms and halt disease progression.
- Arix Bioscience EQT Life Sciences and SymBiosis led the funding round, with participation from Amplitude Ventures, Pivotal bioVenture Partners, and Andera Partners.
- The company aims to use the funds to support its three prioritized pipeline programs targeting highly prevalent inflammatory diseases, including EVO101, a novel small molecule inhibitor of IRAK4.
- The company is based in Palo Alto, California.
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💵 Today's funding: Insurance tech - The Guarantors (New York), offers insurance and financial solutions for renters and landlords: $35M Growth led by CIBC Innovation Banking.
SaaS - Axoni (New York), a data synchronization technology and financial market infrastructure platform: $20M Growth led by EJF Ventures, with participation from Y-Combinator, Andreessen Horowitz, UBS, Intel Capital, J.P. Morgan, Goldman Sachs, Wells Fargo, Citi, Laurion Capital Management, Communitas Capital, CME Ventures, Coatue, DCG, Deutsche Bank, DCVC, FinTech Collective, F-Prime, Franklin Templeton, HSBC, LSEG, and Nyca Partners.
- M3ter (U.K.), aims to help companies optimize their pricing through its software platform: $14M A led by Notion Capital, with participation from Insight Partners, Union Square Ventures, and Kindred Capital.
Sustainability - Reverion (Germany), aims to build biogas power plants that can replace conventional gas engines: $9.3M Growth led by UVC Partners, Green Generation Fund, Extantia Capital, Doral Energy-Tech Ventures, and Landwärme GmbH.
- CurbWaste (New York), an operating system for the waste management industry: $4M Seed extension led by TTV Capital with participation from Mucker Capital and B Capital.
SaaS - aiXplain (California), a no-code/low-code platform: $8M Seed led by Transform VC and Calibrate Ventures.
Artificial Intelligence - AirOps (Florida), helps companies integrate and deploy AI-powered apps: $7M Seed led by Wing VC with participation from Founder Collective, XFund, Village Global, Apollo Projects, and Lachy Groom.
Fintech - Ansa (California), provides a digital wallet infrastructure platform for merchants: $5.4M Growth led by Christina Melas-Kyriazi.
Cybersecurity - AaDya Security (Michigan), a cybersecurity software solutions company: $5M A led by Left Lane Capital with participation from 645 Ventures, Firebrand Ventures, Gaingels, and Invest Detroit.
Web3/Cryptocurrency - Cata Labs (New York), offers an open-source protocol for modular blockchains: $4.2M Growth led by Spartan Group with participation from Robot Ventures, Maven11, Alchemy Ventures, HashKey Capital, Circle Ventures, Superscrypt, and angel investors.
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- Cybersecurity company France-based Bastion Technologies has raised a $2.8M Seed round led by Frst, Global Founders Capital, Kima Ventures, Motier Ventures, and angel investors. Bastion was founded by former Palantir employees.
- Scaleworks, a venture equity firm based in San Antonio, Texas, has acquired software company Centage Corporation for an undisclosed amount. Centage is based in Massachusetts.
- Barcoding, Inc., a Baltimore-based supply chain efficiency company, has acquired Pennsylvania-based warehousing solutions company Procensis. The amount remains undisclosed.
- Life insurance company Zinnia has acquired Policygenius, a New York-based digital insurance marketplace.
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Upcoming events at Inside: - April 27 - Inside Marketing Coffee Break w/Jacob Bowman (Paloma Studios) (Register Here)
- April 27 - Inside.com Book Club - REWORK by 37signals (Register Here)
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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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