Recent Cleantech Deals – 16 December 2019

The latest deals compiled by our own expert analysts. 

Agriculture & Food

Netherlands-based Meatable raised a $10 million Seed round to scale production of lab-grown pork and overcome the barriers inherent in the cultivated meat industry. Investors in the round include BlueYard Capital, Taavet Hinkrikus, the CEO and co-founder of TransferWise, Albert Wenger, a managing partner at Union Square Ventures and the European Commission’s Eurostars Programme. The company plans to have a prototype of their lab-grown pork chop by the Summer of 2020.

Meatable receives investment to produce new protein
Energy & Power

Valent Low-Carbon Technologies, a provider of industrial development services focused on emerging renewable fuels and refining process innovation, raised $30 million in funding. Kensington Private Equity Fund and CFFI Ventures participated in the round. The company was founded in 2019 and has developed a business model that combines active hands-on development with financial co-investment to overcome the capital-intensive nature of scaling low-carbon innovation in oil and gas.

Valent a company in low carbon technologies receives funding
Materials & Chemicals

Paragraf, a producer of two-dimensional materials, primarily graphene, for electronic devices, raised an additional $4.5 million from Draper Esprit as part of an ongoing Series A round. The fresh capital will be used to accelerate the delivery of Paragraf’s first graphene-based electronic products to market. The company previously raised $16 million in Series A funding in July 2019.

Paragraf produces electronic materials gains funding
Resources & Environment

Founded in 2018, Crusoe Energy Systems has developed a flare reduction technology for natural gas. The company raised $30 million in equity funding led by Bain Capital Ventures with participation from The KCK Group, Founders Fund, Winklevoss Capital and Polychain Capital and $40 million in project finance led by credit fund Upper 90. The funding will be used for rapid expansion of Crusoe’s Digital Flare Mitigation technology and services.

Crusoe gets funding for flare reducing technology for the gas industry.
Transportation & Logistics

May Mobility, a developer of autonomous micro-shuttles founded in 2017, raised a $50 million Series B round. Investors in the round include Toyota AI Ventures, Sparx Group, Millenium Technology Value Partners, Cyrus Capital Partners and BMW i Ventures. The funding will be used for strategic hires across the engineering and operations teams and expanding the vehicle fleet.

May Mobility a developer of micro shuttles gets funding

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