Recent Deals – 16 February

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Agriculture & Food 

Pairwise Plants, developer of genome editing solutions for agricultural developmentsecured $90 million in Series B funding from Pontifax AgTech, Deerfield, Temasek Holdings and Leaps By BayerPairwise Plants aims to introduce more varieties of fruits and vegetables that have increased shelf life, better taste and improved yield. It is currently developing its first set of leafy greens, berries and cherries due by 2022.  

Energy & Power 

Highview Powerdeveloper of large-scale, long duration Liquid Air Energy Storage (LAES) systems for utility and distributed power systemsraised $24 million in growth equity from Janus Continental Group and TSK. This round is a continuation of the $46 million round raised from Sumitomo Heavy  
Industries last year. Highview will continue driving its global expansion and introduce new projects. Currently, the cryogenic energy storage solution can provide four hours to four weeks of energy.  

Materials & Chemicals 

Eurekitedeveloper of flexible ceramic nanofiber composites for electronics, energy and industrial applicationsraised $2.4 million in Series A funding from DemcomOost NL and other angel investors. It also secured $2.6 million in debt financing from Netherlands Enterprise Agency and HighTech Fund. Using these funds, Eurekite aims to scale production of its fibres and drive global business development. The company offers the development of custom fibres to ensure client needs are met. 

Resources & Environment 

Mighty Buildings, provider of prefabricated home building service via 3D printingraised $40 million in a Series B funding round from Khosla Ventures, Zeno Ventures, BOLD Capital Partners, Core Innovation Capital, FoundamentalArcTern Ventures, Abies Ventures, Modern Venture Partners, MicroVentures, One Way Ventures and Polyvalent CapitalMighty buildings will use the funding to increase their production capacity and expand their team. The solution combines the use of 3D printing, robotics and automation to build houses that are sustainable. 

Transportation & Logistics 

 

Rad Power Bikes, developer of electric bikes, raised $150 million in growth equity from Morgan Stanley Counterpoint Global, Fidelity Management & Research Company, The Rise Fund, T. Rowe Price, Durable Capital Partners and Vulcan CapitalThe funding will be used to drive R&D and increase product offerings. The company provides on-demand delivery, assembly and maintenance.  

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