Weekly funding picks, September 28–October 4: Varda’s next flights and Voi’s bank refinancing
Varda raises $251 million for orbital pharmaceutical processing, Voi signs a €150 million bank facility, and Reverion funds a larger power-plant factory.
Varda announced a $251 million Series D on September 30, led by Lux Capital and Natural Capital. Its spacecraft process pharmaceutical materials in microgravity and return them to Earth. After six successful reentries, the company plans to increase mission frequency and deepen pharmaceutical partnerships.
Voi replaces bond funding with a €150 million bank facility
Voi signed a revolving credit facility with Danske Bank A/S, Swedbank AB and DNB Sweden AB on September 29. It covers refinancing and fleet investment. Redemption of the scooter operator’s outstanding bonds remained subject to the conditions for first utilisation; the announcement expected it to complete on October 19.
Reverion funds a factory with 250 MW of annual capacity
Reverion closed a $175 million Series B led by Kembara. The German company makes fuel-cell power plants that generate electricity from gas and can reverse operation to store electricity as gas. It plans a new German production site targeting 250 MW of annual manufacturing capacity, a tenfold increase.
The selected financing announcements
Sources
All rounds in this edition
| Company | Amount | Round | Sector · country | Investors | Date |
|---|---|---|---|---|---|
| EQL Global EQL Global builds financial data infrastructure and AI research tools for banks, asset managers and other financial professionals. | SEK 10M | Subscribed capital; raise ongoing | Fintech · Sweden | ||
| Beltic Identity and authorization infrastructure that lets businesses verify what an AI agent represents and may do. | Undisclosed | Seed | Developer tools · United States | Norwest Venture Partners (lead), Restive Ventures | |
| Project Suppliers Project Suppliers connects construction buyers with suppliers and provides tools for managing requests for quotations. | SAR 3.8M | Pre-seed | Enterprise software · Saudi Arabia | ||
| VoltR VoltR remanufactures lithium batteries, combining collection, cell diagnostics and production to give used cells a second life. | €22M | Undisclosed | Climate tech · France | SPI 2 Fund, Decathlon PULSE | |
| Reuse Reuse operates trade-in, refurbishment and resale services for electronic devices. | $21M | Series A | Ecommerce · Chile | Coppel Ventures, Endeavor Catalyst, Dalus Capital, At One Ventures (lead), IGNIA Partners, ALIVE Ventures | |
| HiRAO INC PR, branding and creative direction for international brands and cultural projects. | Undisclosed | Capital and business alliance | Business services · Japan | KRAM Inc. | |
| eEnergy Group eEnergy Group designs and installs energy-saving and renewable energy systems for UK organisations. | ~£8.3M | Conditional placing, subscription and retail offer | Climate tech · United Kingdom | Harwood Capital LLP, Nigel Burton, Chris Poulton, John Samuel | |
| Tasaheel for Finance An Egyptian microfinance lender within the MNT-Halan group. | EGP 1.2B | Securitised bond issuance | Fintech · Egypt | ||
| Hestus, Inc. AI-powered CAD software that automates repetitive mechanical design work for hardware engineers. | $7.4M | Seed | Industrial tech · United States | Rock Yard Ventures, Garage Capital, Chalfen Ventures, Kyle Vogt, Insight Partners | |
| Supabase Provides an open source Postgres platform with databases, authentication, storage and application backend services. | Undisclosed | Funding round | Developer tools · United States | IronArc, Square Peg, CapitalG, GIC (lead) | |
| DriveX DriveX develops Smart Production Planning, AI software that helps factories build and revise production schedules. | ~¥150M | Funding round | Industrial tech · Japan | ||
| MOT MOT manages manga creators and operates Kakikomi, an online school taught by working manga artists and editors. | Undisclosed | Equity financing | Media & gaming · Japan | Shochiku Ventures Fund 1, DBJ Capital Co., Ltd. (lead) | |
| Good Tape Good Tape provides transcription and tools for working with recorded interviews and meetings. | Undisclosed | Investment accompanying management buyout | Enterprise software · Denmark | Nordic Makers | |
| Halluminate Training environments and benchmarks that measure how AI agents perform financial services work. | $30M | Series A | AI · United States | Oak HC/FT (lead), Orange Collective, Y Combinator (YC) | |
| Halan Consumer Finance An Egyptian consumer finance business within the MNT-Halan group. | EGP 528.5M | Securitised bond issuance | Fintech · Egypt | ||
| Conway Research Conway Research develops on-device personal AI, including the Underdog assistant and Husky inference engine. | Undisclosed | First financing | AI · United States | Menlo Ventures’ Anthology Fund, SV Angel, Khosla Ventures, Deedy Das, Noam Brown, Andreessen Horowitz (a16z) (lead), Patrick Collison, Guillermo Rauch, Hummingbird Ventures | |
| Trustly Trustly provides pay-by-bank payments that connect merchants and consumers through open banking. | >$40M | Binding equity commitments | Fintech · Sweden | Alfvén & Didrikson, Nordic Capital | |
| Tasaheel for Finance An Egyptian microfinance lender within the MNT-Halan group. | EGP 2.3B | Securitised bond issuance | Fintech · Egypt | ||
| Agrimedia Agrimedia connects consumers, farmers, businesses and local authorities through agriculture-related services. | Undisclosed | Equity stake acquisition | Agritech · Japan | OPTiM Corporation | |
| Contents X Contents X creates manga, animation and video for businesses and helps turn that content into sales and recruitment opportunities. | Undisclosed | Strategic equity investment | Business services · Japan | ASOBISYSTEM | |
| Osavul Osavul uses AI to detect and investigate hybrid threats across information, cyber and physical domains for governments and critical organizations. | €8.5M | Series A | Cybersecurity · — | Balnord, 33N Ventures (lead), G+D Ventures, 42CAP | |
| JAOPS JAOPS supplies mission-control software, infrastructure and operators to help spacecraft teams prepare and run their missions. | ¥260M | Seed | Space tech · Japan | Midtown Frontier Fund, UntroD Capital Japan, Inc. | |
| doxx.net doxx.net provides private networking for people and AI agents, including direct file transfers, calls and messaging. | $38M | Series A | Developer tools · — | Focal.vc, ANIMO Ventures, Andreessen Horowitz (a16z) (lead) | |
| QioN QioN develops electrochemical ammonia-production technology that uses clean electricity to supply fertilizer, chemical feedstocks and energy applications. | Undisclosed | R&D grant | Climate tech · Japan | ||
| Anthropic Develops Claude and conducts research into reliable, interpretable and steerable artificial intelligence. | ≤$42B | Convertible financing facility | AI · United States | Broadcom | |
| Joe AI AI agents that handle customer communications and operations for real estate professionals. | €2M | Undisclosed | Proptech · France | Plug and Play Ventures, Thierry Herrmann, Rémy Sultan, Renaud Dalbera, Julien Madar, Benjamin Chemla, Patrick Safar, Xplore (lead), Justine Cazalière, Cyril Madar, Olivier Safar, Marc Menasé | |
| 1club 1club provides operating software for sports clubs, gyms and studios. | €2.2M | Seed | Enterprise software · Bulgaria | LAUNCHub Ventures, BrightCap Ventures | |
| White Crow White Crow designs, produces and operates drone light shows for municipalities, tourism events and corporate promotions. | Undisclosed | Fund investment | Media & gaming · Japan | Osaka Regional Revitalisation Fund | |
| Spectronix Spectronix develops and manufactures short-wavelength, ultrashort-pulse lasers for precision processing of semiconductors, electronic components and other materials. | ¥518M | Series F extension | Industrial tech · Japan | Nissay Capital Fund 15, NOBUNAGA Growing Fund, JM Strategic Innovation Fund, Japan Post Bank Spiral Regional Innovation Fund 1, JAFCO V7 Investment Limited Partnership, DBJ Capital Investment Limited Partnership, Chushin Venture Investment Fund 9, JAFCO SV7-S Investment Limited Partnership | |
| Seeds Fincap Seeds Fincap provides business loans to underserved micro and small enterprises in India. | >₹1B | Series B | Fintech · India | Lok Capital, Alteria Capital, Michael & Susan Dell Foundation (lead), Norinchukin Capital, Z47 |