Industrial

The biological ingredient technology developer, which counts BASF Venture Capital and Baidu Ventures as investors, raised more than $100m.

Amazon Climate Pledge Fund committed capital to battery recycling services provider at a reported $3.7bn post-money valuation. GCV Analytics data suggest there is a heightened interest in deals from this space and an upward pressure on valuations.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Niron has collected $21.3m in funding from investors including Volvo Cars Tech Fund to build a pilot production facility for its rare earth-free magnets.

Novo led the sustainable materials producer’s series C round, three years after a round backed by investors including Ginkgo Bioworks.

TU Munich spinout Isar Aerospace has added $75m to its series B round, bringing the round’s total to nearly $166m and its overall financing to more than $183m.

Venture capital funding for Indian firms hit a six-year high of $12.1bn in the first six months of 2021

Koch Industries and Oshkosh are backing a $540m private placement supporting the merger between advanced battery maker Microvast and a special purpose acquisition company.

Tracker Capital Management has led a $42m series C round for Accion Systems, acquiring a majority stake in the MIT-linked company in the process.

NC State spinout Phononic has added $50m to its coffers thanks to a consortium led by Goldman Sachs.

Based on research at University of Bristol, Albotherm’s technology could revolutionise how greenhouses and buildings are cooled.