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Virescent Ventures

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Every article we hold from Virescent Ventures.

Series A $28m

Sharks, Planes & Lasers – Our Investment into MAKO

Virescent Ventures led MAKO's A$28 million Series A with IAG, Zero Infinity, Grok, Skip, IP Group and TreeArc; the Sydney maker of drag-cutting aircraft film works with Vueling, Delta and the US Air Force.

Under IP Group Australia portfolio ·leads this story in the feed

Unnamed stage

IND Technology: Investment Notes

Virescent Ventures announces it has invested in grid-tech firm IND Technology's inaugural institutional round, led by Energy Impact Partners and Angeleno Group, profiling the Melbourne company's early fault detection technology, founders and utility customers.

Also SmartCompany·Startup Daily·RenewEconomy·RenewEconomy·SmartCompany·Startup Daily·SmartCompany·Startup Daily

Fund close ~$125m

Queensland Investment Corporation backs Virescent Ventures' new climate technology fund

Virescent Ventures says QIC has joined Westpac and the CEFC backing its second climate tech fund, with new commitments lifting the initial close to roughly $125 million toward a $200 million goal.

Also @AuManufacturing·Startup Daily·RenewEconomy

Series B $172m

Fireside Chat: Hysata – Defying hydrogen's hype cycle

Virescent Ventures partner Blair Pritchard reflects on Hysata, the Wollongong electrolyser spinout whose $172 million Series B he led, covering its technology, culture, customers and the green hydrogen market outlook.

Also SmartCompany·Startup Daily·@AuManufacturing·Forbes Australia·RenewEconomy·SmartCompany·@AuManufacturing·Startup Daily·SmartCompany·Startup Daily·AgFunderNews·@AuManufacturing·commbank.com.au·australianmanufacturing.com.au·Crunchbase News

Seed $10.5m

Xefco: Investment Notes

Virescent Ventures explains why it invested in Xefco, a Geelong startup whose plasma-based process dyes textiles with a fraction of the usual water, energy and chemicals, as part of a round with three co-investors.

Under Investible portfolio ·leads this story in the feed

Series B $105m

Loam Bio raises $105m Series B to boost soil carbon sequestration

Soil-carbon startup Loam Bio has secured a A$105 million Series B and is bringing its CarbonBuilder inoculant and SecondCrop offerings to Australian growers, its backer Virescent Ventures reports.

Also Main Sequence·AgFunderNews·Startup Daily·@AuManufacturing·SmartCompany·AgFunderNews·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Forbes Australia·AgFunderNews·AgFunderNews·AgFunderNews·AgFunderNews·Crunchbase News·Crunchbase News·TechCrunch Venture

Series A $54m

Samsara Eco banks $54m Series A funding to scale infinite recycling

Enzyme-based plastic recycler Samsara Eco has raised a $54 million Series A to build a commercial recycling facility in Melbourne, with investors including the CEFC Innovation Fund, W23, Main Sequence, Breakthrough Victoria and Temasek.

Also TechCrunch Venture·Breakthrough Victoria·@AuManufacturing·Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·@AuManufacturing·@AuManufacturing·@AuManufacturing·Forbes Australia·@AuManufacturing·TechCrunch Venture·TechCrunch Venture

Series A $21m

SunDrive raises $21m Series A to supercharge solar panel efficiency and drive down costs

SunDrive has raised a Series A round co-led by the Clean Energy Finance Corporation and Main Sequence Ventures, with Blackbird and Grok also backing its copper-based solar cell technology.

Also SmartCompany·Startup Daily·RenewEconomy·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Forbes Australia

Unnamed stage $40m+

Hysata raises $42m after hydrogen breakthrough

Australian hydrogen technology company Hysata has raised over $40 million to fund expansion following a breakthrough in hydrogen development, per an AFR report linked from the publisher's site.

Also RenewEconomy·@AuManufacturing·Startup Daily·Techboard·Startup Daily·RenewEconomy·@AuManufacturing·RenewEconomy·@AuManufacturing·@AuManufacturing·@AuManufacturing·Forbes Australia·@AuManufacturing·@AuManufacturing

Seed £1.6m

Downforce Technologies draws investor support with innovative soil carbon solution

Soil carbon measurement startup Downforce Technologies closed a $3 million seed round backed by CEFC's Clean Energy Innovation Fund, Perivoli Innovations and Tiverton, with Australia as its first target market.

2 deals

JET Charge raises $25m Series B, including $6m from CEFC (managed by Virescent Ventures)

An EV charging company has closed a Series B of over A$25 million led by RACV, with the CEFC's innovation fund, Claremont Capital and earlier individual backers taking part; its 2020 Series A is also recalled.

Also RenewEconomy·SmartCompany·SmartCompany·RenewEconomy

3 deals

CEFC congratulates Gridcognition on close of seed round at nearly $4m

Gridcognition closed a $2.25 million seed round, taking its total funding to almost $4 million. The CEFC put in $625,000, alongside Alberts Impact Ventures, Afterwork Ventures and several individual energy-sector investors.

Under CEFC ·leads this story in the feed

2 deals

CEFC congratulates Zoomo on $80m raise

Electric delivery vehicle maker Zoomo has closed an oversubscribed Series B of US$60 million (A$80 million), led by new investor Grok Ventures with Skip Capital and ArcTern, plus follow-on from existing backers and a new debt facility.

Also Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily

Under Virescent Ventures ·leads this story in the feed

2 deals

Using microbes to accelerate carbon removal – Loam Bio raises AUD $40m Series A

Australian microbial carbon-removal startup Loam Bio raised a $40 million Series A led by TIME Ventures, with CEFC, Main Sequence, Horizons Ventures and others joining; Virescent Ventures says it has invested $5.8 million.

Also Startup Daily·AgFunderNews·SmartCompany·Cut Through Venture·@AuManufacturing·Forbes Australia·Forbes Australia

Seed $2.5m

Novalith sets sights on global lithium industry with backing of the CEFC

Novalith raised a $2.5 million seed round backed by the CEFC's Clean Energy Innovation Fund and a Grantham trust vehicle, funding a Sydney pilot plant for its low-carbon lithium extraction technology.

Also RenewEconomy·Startup Daily·Cut Through Venture·SmartCompany·SmartCompany·SmartCompany

Seed $16m

Australian made, low carbon and delicious: the All G Foods recipe for alternative proteins

All G Foods, a Sydney maker of alternative proteins, has secured $16m in seed funding, with $5m of it from the CEFC's Clean Energy Innovation Fund, and its burgers reach IGA shelves.

Also Startup Daily·@AuManufacturing·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·@AuManufacturing

Unnamed stage $5m

CEFC makes first hydrogen-related investment, alongside lead investor IP Group

Electrolyser developer Hysata has raised $5 million, led by IP Group with a $750,000 commitment from the CEFC through its Clean Energy Innovation Fund, to commercialise technology developed at the University of Wollongong.

Also RenewEconomy·@AuManufacturing·RenewEconomy·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing

2 deals

Tenacious Ventures closes first agrifood tech fund, oversubscribed at $35m

Tenacious Ventures closed its debut agrifood tech fund oversubscribed at A$35 million, after a March 2020 first close of just over $20 million backed by the CEFC's Clean Energy Innovation Fund and Grok Ventures.

Also Startup Daily·AgFunderNews·SmartCompany·SmartCompany·Startup Daily·Startup Daily·AgFunderNews·evokeag.com·farmingahead.com.au·Dynamic Business·agriinvestor.com·@AuManufacturing·AgFunderNews·globalaginvesting.com·@AuManufacturing·globalventuring.com

Under Tenacious Ventures portfolio ·leads this story in the feed

2 deals

Electric bike maker Zoomo announces second round of funding

Australian e-bike firm Zoomo has announced a $16 million round led by AirTree, with the publisher investing a further $2.2 million, and has appointed four US industry figures to its advisory board.

Also Virescent Ventures·RenewEconomy·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily

Funding announcement

Relectrify launches uniquely affordable 120kWh – 2MWh commercial and industrial second-life battery product

Battery technology developer Relectrify has released its ReVolve second-life EV battery storage product for commercial and industrial customers, with rollout support from ARENA; the article also recalls CEFC's earlier investments in the company.

2 deals

CEFC backs cattle and sheep farmers with technology to lift productivity and boost soil carbon

The Clean Energy Finance Corporation committed $5 million to livestock software firm AgriWebb within a larger capital raising led by TELUS Ventures, funding emissions-tracking tools; an earlier Loam Bio investment is also recalled.

Also SmartCompany·Startup Daily·Crunchbase News·RenewEconomy·AgFunderNews·Cut Through Venture·SmartCompany·SmartCompany·Startup Daily·TechCrunch Venture·Beef Central / Grain Central

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