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.
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.
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.
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.
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.
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