Recent Deals – 2 January 2024

Recent Deals – 2 January 2024

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Modular vertical farming; sustainable aviation and ocean fuel, 3D printing for space infrastructure– Recent deals worth looking at:

Agriculture & Food

Seasony  (2018) is a developer of an autonomous, modular, and mobile robotic solution for vertical farming that combines AI for live updates on plant health from every stage of growth.

Seasony raised $1.6M in Seed funding on December 14th that will be used for product development and to expand into Middle Eastern and North American markets. Seasony aims to make indoor farming ore scalable and profitable using edge mobile robotics.

Energy & Power

Octopus Energy (2015) is an alternative energy retailer and investor.

On December 18th, Octopus Energy successfully raised $874M in Growth Equity funding via Origin Energy, Tokyo Gas, Canada Pension Plan Investment Board and Generation Investment Management.

This funding will be put towards accelerating international growth as well as expansion of low carbon technologies such as heat pumps.

Materials & Chemicals

Aether Fuels (2010) is a developer of sustainable fuels to decarbonize aviation and ocean shipping.

Aether Fuels secured $8.5M in Seed funding on December 18th via convertible notes.

This funding will develop and scale their technologies. Additionally, Aether Fuels intends to use the funding to expand their demo facility in Chicago and grow their global team.

Resources & Environment

Blue Planet Environmental Solutions (2017) is a provider of fully integrated waste management solutions, with technologies that include advanced plastics recycling, e-waste recycling, biogas, and waste aggregate-to-concrete.

On December 18th, Blue Planet Environmental Solutions raised $35M in Growth Equity funding from Investment Fund for Developing Countries (IFU).

This round will boose Blue Planet’s capabilities in landfill reclamation and e-waste recycling, developing their offerings in India.

Transportation & Logistics

Vammo (2022) is a developer of electric motorcycles with a proprietary battery swapping network and battery rentals.

Wakeo raised $30M in Series A funding on December 12th to support the development of a production factory in Manaus for assembly of motorcycles and batteries. Monashees, Construct Capital, 2150, and Maniv Mobility all participated in the investment round.

Through this production factory, Vammo aims to drastically increase their customer base by 2025.

Enabling Technologies

Orbital Matter (2022) is a developer of 3D printing technology for satellite and space infrastructure.

Orbital Matter’s Seed funding round on December 15th raised $1M via Sunfish Partners and undisclosed angel investors.

Orbital Matter aims to revolutionize in-space manufacturing through its 3D printing technology, focusing on demonstrating its technology in microgravity. Ultimately, it is aiming towards an in-orbit demonstration.

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