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 |
|---|---|---|---|---|---|
| Photon Photon provides messaging infrastructure that lets developers run AI agents inside iMessage, WhatsApp and other communication channels. | $4.5M | Seed | Developer tools · United States | Llama Ventures, A* (lead), Karman Ventures, HongShan, Gradient (lead), Vercel, Z Fellows | |
| Revnu AI agents that run growth marketing, advertising and search optimization for software companies. | $3M | Seed | Enterprise software · United Kingdom | Y Combinator (YC) | |
| WAT WAT develops and operates cafes and community spaces for public facilities, property owners and local neighbourhoods. | Undisclosed | Capital and business alliance agreement | Business services · Japan | ||
| AIBORN AIBORN develops Katanashi, an AI tool that drafts medical records from clinical conversations. | Undisclosed | Strategic investment | Healthtech · Japan | Medical Data Vision | |
| Augmeta AI operators monitor business KPIs and take action to protect revenue or find growth opportunities. | $3M | Seed | Enterprise software · United States | Next Wave, Sequoia Capital, Depth Ventures (lead), Flybridge Capital, Index Ventures | |
| Satlyt Software that lets satellite operators run additional applications and AI workloads on existing spacecraft. | $8M | Seed | Space tech · United States | Enza Capital, Slauson & Co., Demos Fund II, Gaingels, non sibi ventures (lead), BAG Collective, AXIAN Investment, TLcom Capital, Antler, Launch Africa Ventures, Askya Investment Partners | |
| wakai wakai provides online mediation that helps people organise disputed issues and work towards an agreement with a neutral lawyer mediator. | Undisclosed | Additional financing | Business services · Japan | ||
| Prado Power Renewable-energy developer supplying off-grid communities and businesses in Nigeria. | Undisclosed | Senior debt facility | Climate tech · Nigeria | Camco REPP 2 Holdings One SCSP | |
| Komugino Komugino develops, operates and franchises restaurant and bakery brands, combining new store formats with the renewal of established regional businesses. | ¥360M | Equity financing | Foodtech · Japan | Kei Tanaka, Solid Capital, 株式会社ホワイトアンドストーン, 株式会社ファイアーキッズ, Hibishin Capital, Seibu Shinkin Capital, アインコンサルタント株式会社 | |
| ImVisionLabs ImVisionLabs develops 3D point-cloud and image-analysis technology for forestry, agriculture, infrastructure inspection and autonomous-driving maps. | Undisclosed | R&D grant | AI · Japan | ||
| Armadin Armadin develops AI agents that test attack paths across enterprise systems and show defenders how connected weaknesses could be exploited. | $255.5M | Series B | Cybersecurity · United States | In-Q-Tel, Redpoint Ventures, GV, Kleiner Perkins, Menlo Ventures, 8VC, Andreessen Horowitz (a16z) (lead), Ballistic Ventures, Accel (lead), Bain Capital Ventures | |
| Agibank A Brazilian bank combining digital services with physical outlets, including accounts, cards and payroll-deductible lending. | R$2.1B | Third FIDC Class A issuance | Fintech · Brazil | ||
| Devoted Health Devoted Health brings Medicare Advantage coverage together with medical care, virtual visits, in-home services and Member Service Guides for older adults. | $555M | Series G | Healthtech · United States | Temasek (lead), Centricus, The Space Between, Franklin Templeton, VZVC, Premji Invest, Andreessen Horowitz (a16z), GIC, Advent (lead), Emerson Collective, Generation | |
| Headline EU VIII European early-stage venture capital fund managed by Headline. | $400M | Venture capital fund final close | Business services · Undisclosed | European Investment Fund, KfW, Otto Group | |
| Volantis Photonic computing and interconnect technology for fast, large-scale AI inference. | $88M | Series A | AI · United States | Triatomic Capital, Lachy Groom (lead), Abstract (lead), Jeff Dean, Sam Altman, Susa Ventures | |
| Time Prediction Time Prediction combines patient-derived iPS-cell research and digital methods to develop diagnostic tools for neurological diseases. | Undisclosed | R&D grant | Healthtech · Japan | ||
| Foundational Foundational supplies satellite-positioning data through automated laser-ranging infrastructure. | £8.2M | Pre-seed | Space tech · United Kingdom | Final Frontier, Inflection, Adjacent, Type One Ventures, Backed VC | |
| Wellhub credit fund Wellhub’s Brazilian credit fund finances partner gyms and wellness studios. | R$100M | Credit fund expansion | Fintech · Brazil | ||
| Unveilr AI Unveilr AI provides managed search optimisation services that help brands generate leads from Google and AI answers. | Undisclosed | Pre-seed | AI · India | ajvc | |
| FRANK AI workflow software that handles administrative tasks for insurance brokers. | Undisclosed | Undisclosed | Fintech · Portugal | Armilar, Start Ventures | |
| STRI STRI develops hydrogen-related hair, scalp and personal-care products for salons, distributors and consumers. | Undisclosed | Capital and business alliance agreement | Consumer · Japan | ||
| Fronte Fronte is developing financial tools for families whose members live in different countries. | Undisclosed | Pre-seed | Fintech · Colombia | Base Ecosystem Fund, Bankless Ventures (lead), Rally Cap VC (lead) | |
| Asaas Asaas provides payments and financial-management tools for Brazilian businesses. | R$280M | FIDC senior receivables financing | Fintech · Brazil | ||
| VISION IV VISION IV develops synthetic-diamond materials and precision-processing technology for research equipment and next-generation semiconductor applications. | Undisclosed | R&D grant | Industrial tech · Japan | ||
| Aignosis Aignosis helps clinicians identify children who may need further assessment for autism and developmental conditions. | ₹40M | Seed | Healthtech · India | Varun Dua, Nikhil Kamath (lead), IIMA Ventures, Antler (lead) | |
| GlobalB GlobalB develops LITONE, a no-code service that connects frontline data entry in LINE WORKS with business records in kintone. | Undisclosed | Strategic investment | Enterprise software · Japan | Saishunkan System | |
| Deepslate Berlin company developing speech-to-speech AI for automated customer conversations. | €7.7M | Seed | AI · Germany | Alstin Capital, 42CAP (lead), SIVentures | |
| DIG Ventures Fund III DIG Ventures Fund III invests in early-stage enterprise software, AI and cloud infrastructure businesses. | $120M | Fund close | Business services · Guernsey | Cal Henderson, Tomas Okmanas, Mirko Novakovic, Sofina, Eimantas Sabaliauskas, The Hillman Company, Thomas Dohmke, Olivier Pomel, Horsley Bridge Partners, Granite Capital Management | |
| EBO EBO builds AI software that automates patient engagement and administrative healthcare workflows. | Undisclosed | Growth investment | Healthtech · Malta | Olea Venture Partners | |
| Zaperon Zaperon helps enterprise IT teams control access to applications, sensitive data and cloud infrastructure. | ₹70M | Seed | Cybersecurity · India | Inflection Point Ventures (lead) |