The largest this week:
🇺🇸 Watershed - a company that helps businesses to report, measure, and reduce their carbon emissions raised a $70M Series B round at a $1B valuation led by Sequoia Capital and Kleiner Perkins. Watershed was just founded in 2019 and is now the first ESG measurement unicorn startup. Watershed is now the most valuable ESG data provider globally followed by Persefoni and Clarity AI. On impact.dealroom.co we track 100+ other startups working on carbon accounting, diversity measurement, and sustainability assessment for real estate: here
🇳🇱 Protix Biosystems - a Dutch insect farming startup - raised $57.2M in Growth Equity to further R&D and international expansion. Investors include European Circular Bioeconomy Fund (ECBF), BNP Paribas, the Prince Albert II Foundation, and The Good Investors, with support from existing shareholders Aqua-Spark, Rabo Investments, and Invest-NL.
🇬🇧 Bramble Energy - a London-based startup - secured €42M for its hydrogen fuel cell tech, contributing to the goal of net-zero. The investment will fuel further expansion that will unlock the adoption of hydrogen at scale. This investment has been led by HydrogenOne Capital Growth plc and is supported by the existing institutional investors (BGF, IP Group, Parkwalk Advisors, and the UCL Technology Fund)
Other notable impact deals:
🇺🇸 Quaise, a geothermal startup with MIT origins, has secured $40M for ultra-deep drilling in a Series A round led by Safar Partners. The funding will allow the startup to double its engineering team to 40 people and begin scaling its advanced drilling system from laboratory experiments to real-world demonstrations.
🇧🇪 Instagrid, the Ludwigsburg-based off-grid battery expert, raises $33M in a Series B financing round from climate tech investor Energy Impact Partners. The technology offers a mobile power supply from renewable sources entirely disconnected from the power grid. The funding will drive the international expansion of the company.
🇰🇪 BasiGo Kenya-based EV startup BasiGo has closed $4.3 million in seed funding to provide clean-energy mass transit vehicles. The funding will be used to set up an assembly plant in Nairobi and launch the sales and delivery of electric buses. The round was led by Novastar Ventures, with participation from a number of existing and new Silicon Valley investors.
🇧🇪 Sunvigo, The Cologne-based solar start-up has raised a total of € 15M in early VC. Investors include Sparta Capital and Eneco, who, in collaboration with existing investors Ecosummit, High-Tech Gründerfonds (HTGF) and Übermorgen Ventures, invested € 10M, while Deutsche Kreditbank AG invested € 5M in debt capital.
Read up on all the latest impact deals in Dealroom.co
Notable exits:
🇫🇮 Finnish wind turbine gearbox maker Moventas has been acquired by the
Drivetrain specialist Flender.
