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Day-to-day tracker
March 5, 2024
🤝 DEALS
Amazon-Backed Hydrogen Firm Raises €500 Million to Ramp Up
https://www.axios.com/pro/climate-deals/2024/03/05/electric-hydrogen-equipment-financing?utm_source=alert&utm_medium=email&utm_campaign=alerts_pro_deals_climatetech_subs
*****Flexnode*, based out of Bethesda, MD, raised $9M in seed funding to build data centers with liquid-cooling tech to reduce energy usage. Zacua Ventures led. More here. (U.S., Industry) //
- ****SF-based PawCo Foods, a plant-based pet food maker, raised a $2m seed round led by Elevate Ventures, joined by Dropbox co-founder Arash Ferdowsi, per Retail Deals' Kimberly Chin. https://axios.link/4bSL7c3
- ****UK-based Sonichem raised £1.2m from ACF Investors to develop a biorefinery plant that would convert sawdust into chemicals. https://axios.link/3T3jRyJ
Exclusive: HData raises $10M Series A to comb grid regulator data
- ****German electrolyzer manufacturer Sunfire raised a €215m Series E from LGT Private Banking, GIC, Ahren Innovation Capital, and Carbon Equity, and insiders Lightrock, Planet First Partners, Carbon Direct Capital, the Amazon Climate Pledge Fund, and Blue Earth Capital. https://axios.link/4a2Lkrv
- Sunfire also secured an up to €100m term loan from the European Investment Bank, and disclosed that it has access to ~€200m in grant funding.
- Cyclize, a German startup developing plastic-waste-to-syngas tech, raised a €5m seed round led by UVC Partners, joined by High-Tech Gründerfonds, Aurum Impact, and UnternehmerTUM Funding for Innovators. https://axios.link/3P570uI
- Atmio, a German leak-detection developer for oil and gas infrastructure, raised a €1.3m pre-seed from HCVC, Robin Capital, and Nucleus Capital. https://axios.link/3wHXozZ
- Van Heron Labs, a Houston-based biotech focused on cell growth for food, materials, and other sectors, raised a $1.1m seed round led by FoodLabs. https://axios.link/49DGfpE
- Esper, an Australian satellite imaging startup for ag, mining, and environmental monitoring, raised $1m in pre-seed funding from Stellar Ventures, Day One Ventures, and Dolby Family Ventures, per TC. https://axios.link/3T21CK8