Recent Deals – 2 March

Looking for the latest market movements in cleantech? Find the insights you’re looking for right here. 

Agriculture & Food 

Standard Cognition, developer of artificial intelligence powered smart checkout systems, raised $150 million in growth equity from SoftBank, CRV, EQT Ventures, SK Networks and TI Platform ManagementFunding will be used to scale operations to reach a goal of 50,000 retail locations over the next 5 years. Currently in the pilot phase, the technology tracks and bills customers as items are taken from the shelves. This new round of funding pushes Standard Cognition’ valuation to $ 1 billion.  

Energy & Power 

Malta, developer of electro-thermal energy storage solutionsclosed a $ 50 million Series B round led by Proman Goup. Other investors include Breakthrough Energy, Alfa Laval and Dustin Moskovitz. Malta will also partner with Proman Group to leverage their complementary engineering expertise. This deal will support development of Malta’s first commercial scale plant. 

Materials & Chemicals 

Bloom Biorenewables, developer of high-yield process to convert cellulose and lignin into chemical products, raised $4.75 million in seed funding from Breakthrough EnergyBeyond Black Venture Capital and other undisclosed angel investorsBloom has developed its first set of marine biofuels, plastics and fragrances, and will use this funding to establish market validation. The funding will also be used to expand team and form an R&D facility.  

Resources & Environment 

Everdrop, developer of dissolvable cleaning tablets to reduce the need for plastic containers, secured $21.8 million Series A investment from Felix Capital, HV Capital and Vorwerk Ventures. The company plans to expand its product offering and increase market reach across Europe and the U.S. Everdrop has also developed alternatives for single-use plastics such as dishwasher tablets.  

Transportation & Logistics 

Kakao Mobility, a Korean provider of online taxi-hailing and parking services, raised $200 million in growth equity from Carlyle Group. Kakao offers ride-sharing services as well as solutions for businesses. It also offers electric bike rentals, with multiple service and drop-off points. The investment values the company at above $3 billion. 

 

 

Track Cleantech Deals And Find Start-ups in Seconds

Get fast and accurate insight into the deals, investors and technologies driving sustainable innovation with our data platform, I3. From agriculture to energy and mobility to IA, you can see both the big picture and the fine details. And best of all, you can start a three-day trial for free.