WNWN Food Labs, a UK-based startup that produces cocoa-free alternative chocolate made from plant-based ingredients, has secured $5.6 million in a Series A funding round led by PeakBridge. Other investors included HackCapital, Investbridge AgriTech, Martin Braun-Gruppe, and PINC. The company’s unique fermentation process converts ingredients such as British barley, legumes, and carob into a chocolate […]
Indra Renewable Technologies has raised over £20 million in a series B funding round to advance its smart electrical vehicle (EV) charging and energy management solutions and expedite global expansion plans. The UK-based startup specialises in electric vehicle charging systems for both public and commercial use. The funding round was led by Gulf Oil International,
EV charging startup Indra secures over £20 million in series B funding Read More »
British electric-vehicle startup Arrival received a $300 million equity financing line from Westwood Capital to slow down its cash-burn rate as it prepares for U.S. production of its van in late 2024. The company aims to achieve a quarterly cash-burn rate of $35 million by the second half of 2023 by implementing cost-cutting measures. Arrival
Crurated is a UK-based wine platform that raised €6.8 million ($7.2 million) from private investors. Founded in 2021 by Alfonso De Gaetano, a former Google employee, the platform offers different levels of membership and collaborates with top wine producers in France and Italy. The company certifies wine provenance through blockchain technology, with an NFT created
Crurated raises $7.2M in private funding for innovative wine platform Read More »
Sunhero, a residential solar energy business based in Barcelona, has raised €10m in funding to scale its operations in Spain, which the company claims is one of the fastest-growing solar markets in Europe. The funding round was led by Planet A and Vorwerk Ventures, both based in Berlin, along with Redstone, All Iron Ventures, and
Sunhero Raises €10M to Scale Residential Solar Energy Business in Spain Read More »
London-based startup Phare Labs has received a £300,000 investment from the British Design Fund and angel investors to reinvent the fire alarm. Co-founded by Daniel McBride and Arnau Donate, Phare Labs uses a combination of smoke detection and indoor air quality sensors, claiming to reduce false positives with machine learning and improving fire detection accuracy.
Singapore-based lithium-ion battery recycling company Green Li-ion has raised US$20.5 million in pre-Series B funding from a group of investors, including decarbonisation VC firm TRIREC, Banpu NEXT, and Equinor Ventures. The funding will help the company scale its manufacturing to deliver 50 Green Li-ion modular units per year, which will be used to recycle and
Swansea-based biotech startup, CanSense, has raised £1.5m in funding from investment firm Mercia, the Development Bank of Wales, and liquid biopsy company Nonacus. The startup, a spinout from Swansea University, has developed a blood test that uses laser light and AI to detect bowel cancer, which is less invasive than current methods and could help
Southampton University spin-out, ViridiCO2, has raised €3.3 million (£3 million) in seed funding led by EQT Ventures for its technology that turns waste carbon dioxide into high-value chemical products. The chemicals industry, worth $5 trillion, is a significant polluter and currently relies on fossil fuel-based petrochemicals. ViridiCO2 aims to help the industry decarbonise and achieve
Abound, a UK-based AI banking startup, has secured £500m in new funding from investors to expand its customer base, invest in technology, and finance loans. The company uses real-time data from customers’ bank accounts to manage incomings and outgoings to create credit scores for near-prime customers who may be rejected by traditional lenders due to
