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Updates
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🌍 December Funding Milestone: 1KOMMA5° Raises €150M to Scale Heartbeat AI Ahead of IPO 📢 German clean-tech startup 1KOMMA5° has raised €150 million in a pre-IPO round, bringing total funding to over €650 million. 📈 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄 - 𝗥𝗼𝘂𝗻𝗱 𝗧𝘆𝗽𝗲: Pre-IPO - 𝗔𝗺𝗼𝘂𝗻𝘁 𝗥𝗮𝗶𝘀𝗲𝗱: €150M - 𝗧𝗼𝘁𝗮𝗹 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: €650M+ 𝗖𝗼-𝗟𝗲𝗮𝗱𝘀: G2 Venture Partners CalSTRS (Largest New Investor) 𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: 2150, Norrsken, Hamilton Lane, b2venture, Eurazeo, eCapital Corp. 💡 𝗛𝗲𝗮𝗿𝘁𝗯𝗲𝗮𝘁 𝗔𝗜: A Game-Changer in Renewable Energy As renewable energy production grows, Heartbeat AI offers an innovative solution to Europe’s power grid challenges by: - Dynamic Energy Pricing: - Buys electricity during low-price periods. - Sells it back when prices are high. - Grid Stabilization: Helps balance fluctuating supply and demand. - Transparent Pricing: Charges a flat software fee instead of adding margins, offering real-time personalized rates versus traditional fixed tariffs. 🚀 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻 𝗣𝗹𝗮𝗻𝘀 With the new funding, 1KOMMA5° aims to: - Accelerate its European and Australian rollout of Heartbeat AI. - Continue its mission to make all buildings CO2 neutral, leveraging solar systems, storage, heat pumps, and EV charging infrastructure. - Lay the groundwork for a future IPO, allowing customers to become shareholders. 🛠 𝗥𝗲𝗰𝗲𝗻𝘁 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻𝘀 To bolster its capabilities, 1KOMMA5° has acquired several renewable energy businesses: - @Arkana Energy - @Solaray Energy - @ZEWO Energy - @Zonduurzaam 💬 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 Micha Grueber, CFO & Co-founder, shared: "Less than 4 years after our foundation, this round is a huge success for our team, especially in the current market environment. It’s a key milestone toward the capital market." 🏢 HQ: Germany ------ ♻️ Repost to support a sustainable future. 🔔 Follow us for updates on green tech innovation. 💙 Engage if you believe in a CO2-neutral world! 👋 Stay tuned with The Big Deal ©
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Summary of 360 Capital Funding News: 💰 Fund Announcement: Paris-based 360 Capital announced the first closing of its €140 million climate tech fund, 360 LIFE II, with a target of €200 million. 🌍 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗔𝗿𝗲𝗮𝘀: - 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻: Renewable energy, energy storage, and hydrogen. - 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗘𝗰𝗼𝗻𝗼𝗺𝘆: Waste reduction, natural resource protection, and the blue economy. - 𝗨𝗿𝗯𝗮𝗻 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Pollution reduction, net-zero solutions, and smart infrastructure. 🏦 𝗞𝗲𝘆 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: - A2A: Main investor with €40 million, following a previous €25 million contribution to 360 LIFE I (2020). - CDP Venture Capital SGR: €44 million from the Green Transition Fund and the EU's NextGeneration EU initiative. - De Nora: Anchor investor and industrial partner, contributing €10 million. - Bpifrance: Institutional partner. 🗣️ 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗩𝗶𝘀𝗶𝗼𝗻: Cesare Maifredi, Partner at 360 Capital: Emphasizes the importance of multidisciplinary deeptech startups for climate change solutions and the firm's expertise in backing hardware and engineering innovations. 🚀 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 & 𝗘𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲: - 360 Capital, founded in 1997, has a strong track record in Deep Tech and Climate Tech, with 28 exits since 2018. - Portfolio highlights include France’s first industrial unicorn Exotec, Preligens (acquired by Safran), and Alsid (acquired by Tenable). 🏢 𝗔𝗯𝗼𝘂𝘁 360 𝗖𝗮𝗽𝗶𝘁𝗮𝗹: A venture capital firm investing in early-stage deeptech and digital startups across Europe. Offices in Paris and Milan with a team of 25+ professionals and over 60 portfolio companies. ------ Repost ♻️ if you find this useful. Hit the 🔔 if you enjoy our content. Engage 💙 if you like it. 👋 Follow us for more: The Big Deal ©
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💊 December Spotlight: AQEMIA Secures €94.9M to Revolutionize AI-Powered Drug Discovery 📢 Paris-based AQEMIA, an innovator in AI and quantum-inspired physics for drug discovery, has raised a total of €94.9 million to advance its platform and expand globally. 📈 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗧𝗼𝘁𝗮𝗹 𝗥𝗮𝗶𝘀𝗲𝗱: €94.9M 𝗥𝗲𝗰𝗲𝗻𝘁 𝗥𝗼𝘂𝗻𝗱𝘀: - €30M (2022) - €36M (Latest Round) 𝗟𝗲𝗮𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿: Cathay Innovation 𝗢𝘁𝗵𝗲𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: - Wendel - Bpifrance Large Venture - Eurazeo - Elaia 🌟 𝗕𝗿𝗲𝗮𝗸𝘁𝗵𝗿𝗼𝘂𝗴𝗵𝘀 & 𝗣𝗿𝗼𝗴𝗿𝗲𝘀𝘀 AQEMIA leverages AI trained on theoretical physics principles to design novel small-molecule drugs without experimental data. Recent milestones include: - 𝗢𝗻𝗰𝗼𝗹𝗼𝗴𝘆 𝗦𝘂𝗰𝗰𝗲𝘀𝘀: Positive drug discovery results in the oncology space. - Sanofi 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽: A €132.9M collaboration, reinforcing AQEMIA’s leadership in the pharmaceutical sector. CEO Maximilien Levesque, PhD, noted: "This successful fundraising and our new London office mark a significant leap toward clinical trials and global expansion, delivering life-changing treatments to patients in need." 🚀 𝗡𝗲𝘅𝘁 𝗦𝘁𝗲𝗽𝘀 - 𝗖𝗹𝗶𝗻𝗶𝗰𝗮𝗹 𝗧𝗿𝗶𝗮𝗹𝘀: Prepare its platform for trials. - 𝗚𝗹𝗼𝗯𝗮𝗹 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻: Opening a London office (King’s Cross, January 2025) to strengthen its UK presence and tap into life sciences talent. - 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻: Continue revolutionizing molecule design by overcoming the reliance on experimental data, enabling unique molecular solutions. 💬 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗜𝗻𝘀𝗶𝗴𝗵𝘁 Jacky Abitbol, Partner at Cathay Innovation, shared: "AQEMIA embodies the future of drug discovery, merging AI with quantum mechanics to transform the pharmaceutical industry. We're leveraging our global expertise, particularly in the US and Asia, to help AQEMIA scale its impact." 🏢 𝗛𝗤: Paris, France 🌍 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻: London, UK ------ ♻️ Repost to celebrate advancements in healthtech. 🔔 Follow us for more innovation news. 💙 Engage if you're inspired by AQEMIA's mission! 👋 Stay informed with The Big Deal ©
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🚀 Funding Surge for Connectivity Innovation: ZettaScale Technology's December Highlights 𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀: 📢 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁: ZettaScale launches "Project MOORE" with a double-digit million funding round. 𝗣𝘂𝗿𝗽𝗼𝘀𝗲: To accelerate growth in global connectivity solutions. 🌍 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗙𝗼𝗰𝘂𝘀: Targeting high-growth sectors like robotics, mobility, and healthcare. Aims to eliminate connectivity bottlenecks with its low-latency, open-source solutions. 📈 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘂𝗰𝗰𝗲𝘀𝘀: Serves 100+ global customers including Fujitsu, Philips, Boeing, Rheinmetall Defence, and John Deere. 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗶𝗻 2024: €3.3M, driven by a 60-person team (50%+ hold PhDs). 🔑 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: - 𝗛𝗶𝗴𝗵-𝗚𝗿𝗼𝘄𝘁𝗵 𝗠𝗮𝗿𝗸𝗲𝘁𝘀: Positioned in €87B robotics and automotive connectivity sectors. - 𝗖𝘂𝘁𝘁𝗶𝗻𝗴-𝗘𝗱𝗴𝗲 𝗧𝗲𝗰𝗵: The Zenoh protocol powers fast, scalable, and efficient communication. - 𝗚𝗹𝗼𝗯𝗮𝗹 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻: Plans to open offices in Germany, Japan, and the USA by 2027. - 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗜𝗺𝗽𝗮𝗰𝘁: Energy-efficient solutions reduce carbon footprints and costs. 📊 𝗔𝗺𝗯𝗶𝘁𝗶𝗼𝘂𝘀 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗶𝗼𝗻𝘀: Targeting a 48% CAGR in sales (2024–2032). 𝗪𝗼𝗿𝗸𝗳𝗼𝗿𝗰𝗲 𝗲𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻: 1.5x growth by 2027. 👩🔬 𝗘𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲 & 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻: CEO Angelo Corsaro emphasizes redefining connectivity with disruptive technology. Managed by MP Corporate Finance to oversee the capital raise.
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Deep Tech Startups in Amsterdam Raising Over €1M in 2024 : Cradle 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: AI platform for efficient protein engineering. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Raised €69.5M in Series B led by IVP, with participation from Index Ventures and Kindred Capital VC. ---- Quatt 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Develops hybrid heat pumps to reduce gas bills by up to 80%. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Raised €25M in growth equity led by Blue Earth Capital AG. ---- Monumental 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Builds autonomous ground vehicles (AGVs) to address labor shortages in construction. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Raised €23.2M in funding co-led by Plural and Hummingbird Ventures. ---- Next Sense 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Decarbonizes buildings through AI-driven lifecycle management. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Raised €11.5M in Series A funding. ---- CarbonX 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Produces sustainable carbon anode material for batteries. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Secured €14M, led by Innovation Industries and Borski Fund. ---- Ore Energy 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Develops iron-based long-duration energy storage technology. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Raised €10M from Positron Ventures and SPRIND. ---- Confocal NL.nl 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Creates advanced microscopes for live cell imaging. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Secured €5M from ROM InWest and others. ---- Findest™ 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Provides AI tools for accelerating R&D innovation projects. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Raised €2.2M led by Partinc. ---- Brineworks 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Converts waste brines into drinkable water and minerals. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Secured €2M from Pale blue dot ---- Avalor AI 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Develops AI software for unmanned systems in air, land, and sea. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Secured €2M from Keen Venture Partners. ---- Nicolab 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: AI-powered app for rapid clinical decision-making in stroke cases. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Raised €1.9M in funding. ---- Kepler Vision Technologies 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: Provides eldercare AI solutions like fall detection via computer vision. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Secured €1.5M from ROM InWest. ---- Tur.ai - Power Your Business Processes with AI Automation 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: AI-driven robotic process automation (RPA) platform for workflow automation. Funding: Raised €1.29M in seed funding. ---- Ellogon.AI 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗗𝗼: AI-driven cancer immunotherapy biomarker quantification. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Secured €1M from ROM INWEST and UvA - Amsterdam UMC - HvA Ventures Holding BV. ---- 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗗𝘂𝘁𝗰𝗵 𝗧𝗲𝗰𝗵 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 Deep tech VC investments rose to €1.07B in 2023, reflecting the growing focus on innovation despite overall VC funding declines. ----- ♻️ Repost if you find this useful. 🔔 Hit the bell for more exciting content. 💙 Engage if you like it! 👋 Follow us for more: The Big Deal © ---- Jeroen Lappenschaar Alexander Ribbink Harro Stokman Peter Brenninkmeijer Stéphanie van Rosmalen Enrico Karsten Pavlo Kozhokar Efstratios Gavves Emiel de Groot
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🔄 Backflip Secures $30M Series A to Revolutionize 3D Design with AI 📢 Backflip, a Boston-based startup, has raised $30 million in Series A funding to launch its AI-driven platform for 3D model creation. The round was co-led by Andreessen Horowitz (a16z) and New Enterprise Associates (NEA), with participation from top tech leaders like Microsoft CTO Kevin Scott and Android founder Rich Miner. 📈 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: Andreessen Horowitz, NEA, Kevin Scott, Rich Miner, and Ashish Vaswani 𝗥𝗼𝘂𝗻𝗱: Series A 𝗔𝗺𝗼𝘂𝗻𝘁: $30,000,000 🌟 𝗔𝗯𝗼𝘂𝘁 𝗕𝗮𝗰𝗸𝗳𝗹𝗶𝗽 𝗙𝗼𝘂𝗻𝗱𝗲𝗿𝘀: Gregory Mark and David Benhaim (also co-founders of 3D printing company Markforged) 𝗧𝗲𝗰𝗵: AI-driven foundational models trained on 10 million 3D parts, enabling simple prompts, sketches, or images to generate 3D models 𝗠𝗶𝘀𝘀𝗶𝗼𝗻: Democratize 3D design for manufacturers and everyday users 𝗙𝗼𝗰𝘂𝘀: Safeguards for responsible AI use 🏢 HQ: Boston, Massachusetts ------ ♻️ Repost if you’re excited about AI and 3D design innovations. 🔔 Follow us for more game-changing startup news. 💙 Engage if you believe in the power of democratized design! 👋 Stay updated with us: The Big Deal ©
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Summary of Juniper Ventures Funding News: 🌱 Firm Launch: Juniper Ventures, founded by Michael Luciani and Jennifer Kan, PhD, spun out of Climate Capital to focus on synthetic biology for climate solutions. 💰 𝗙𝗶𝗿𝘀𝘁 𝗙𝘂𝗻𝗱: - Raised $10.6 million in an oversubscribed fund. - Plans to invest $100,000–$500,000 in early-stage startups. 🧪 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗙𝗼𝗰𝘂𝘀: - Industries contributing to carbon pollution, including: - Industrials, chemicals, plastics, food, agriculture, and buildings. - Startups working on sustainable solutions like: - California Cultured (sustainable coffee and chocolate). - Cache DNA (innovative DNA/RNA storage). 🌟 𝗠𝗶𝘀𝘀𝗶𝗼𝗻: To be the first institutional investor for scientists commercializing climate-focused synthetic biology research. Nick Fitz Griffin Bohm Boston Nyer Esben K. Savannah Malkin Taylor ----- Repost ♻️ if you find this useful. Hit the 🔔 if you enjoy our content. Engage 💙 if you like it. 👋 Follow us for more: The Big Deal ©
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Summary of Bluenote Funding News: 💰 Funding Secured: San Francisco-based Bluenote, a generative AI platform for life sciences companies, raised $10 million in financing. 🏢 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗙𝗼𝗰𝘂𝘀: - Streamlines regulatory workflows for life sciences, including regulatory filings, technical reports, and manufacturing documentation. - 15+ applications already deployed across various life sciences teams. 🌟 𝗙𝗼𝘂𝗻𝗱𝗲𝗿𝘀: Fatima Sabar and Katsuya Noguchi. 🌱 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗼𝘂𝗻𝗱 𝗟𝗲𝗱 𝗕𝘆: - Lux Capital. - Notable investors include Elad Gil, Anthropic, Menlo Ventures Anthology Fund, and prominent executives such as: - Othman Laraki (CEO of Color Health). - Fidji Simo (CEO of Instacart). 🔗 𝗔𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: Mike Nohaile, Kristen Fortney, Eric Morgen, Qasar Younis, Linus Upson, Jeffrey Low, MD, McKesson Ventures, Avichal Garg, Moxxie Ventures, and Carbon Silicon Ventures. 🌍 Headquarters: San Francisco, California. ------ Repost ♻️ if you find this useful. Hit the 🔔 if you enjoy our content. Engage 💙 if you like it. 👋 Follow us for more: The Big Deal ©
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Hadrius Hiring : 𝗙𝗼𝘂𝗻𝗱𝗶𝗻𝗴 𝗨𝗜/𝗨𝗫 𝗗𝗲𝘀𝗶𝗴𝗻𝗲𝗿 $130K - $170K / 0.01% - 0.15% Location New York, NY, US Job Type Contract Experience 1+ years ----- 𝗔𝗯𝗼𝘂𝘁 𝗬𝗼𝘂 - Exceptionally skilled: You are highly competent as a designer, coming from 1,000s of hours of practice. - Coachable: Open to learning the Hadrius way and raising the bar while you’re at it. Grit: You’re consistently the hardest working person on your team. - All-in: This is not a 9-5. We have a massive opportunity ahead of us and are looking to multiply our engineering speed. We are optimizing for the best folks and are happy to compensate generously. - Passion for our mission: Genuinely excited about our tech and our mission to end financial crises. - Team-first mentality: You are interested in building for the long-term alongside founding team members, and committed to mentoring others and being mentored. - Autonomy: Exercise a high-degree of autonomy and design authority ----- Apply : https://lnkd.in/es6_KWsN