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 |
|---|---|---|---|---|---|
| M-Based Ankara biomaterials company developing mushroom-based alternatives for industrial products. | ~$700K | Seed | Climate tech · Türkiye | METU70 Ventures (lead), Elemental Ventures, Hatcher+ | |
| GX MINERALS GX MINERALS produces engineered talc fillers that help manufacturers adjust the strength, weight and other properties of resin-based materials. | ~¥460M | Series A++ | Industrial tech · Japan | NEX-T Tokai Innovation Fund, The Okazaki Shinkin Bank, Sumitomo Mitsui Banking | |
| Voltaback Fleet software using connected vehicle data to manage home charging reimbursement and vehicle usage. | €2.8M | Seed | Mobility · France | Maxime Brousse, Aurélien de Meaux, Serena (lead) | |
| Omnio Omnio develops a plasminogen-based biologic for chronic wounds, initially diabetic foot ulcers. | €2.9M | Funding round | Biotech · Sweden | ||
| Lambda Lambda provides GPU cloud infrastructure for training and running AI models. | ≤$1B | Delayed-draw term loan facility | AI · United States | ||
| Giver Link Giver Link develops software and AI agents that help Japanese care providers manage paperwork, prepare for inspections and maintain reimbursement-related documentation. | Undisclosed | Capital and business alliances | Healthtech · Japan | CB Healthcare, Taskman | |
| DoIT DoIT helps businesses adopt AI in day-to-day operations. | Undisclosed | Preliminary capital and business alliance | Business services · Japan | ||
| Clean Energy Connect Clean Energy Connect supplies corporate customers with solar electricity and the associated environmental attributes through off-site power-purchase agreements. | ¥500M | Committed credit facility | Climate tech · Japan | Resona Bank, Ltd. | |
| LAUNCHub Fund III LAUNCHub Fund III backs early-stage technology companies founded in Central and Southeast Europe and the region’s diaspora. | €65M | Fund first close | Business services · Netherlands | European Investment Fund, European Bank for Reconstruction and Development | |
| Homeward Homeward provides cash offers and bridge financing for homebuyers and sellers. | ≤$330M | Asset-backed debt facility | Proptech · United States | ||
| Homeward Homeward provides cash offers and bridge financing for homebuyers and sellers. | $120M | Series D | Proptech · United States | Norwest Venture Partners, Adams Street Partners, LiveOak Ventures, Javelin Venture Partners, Magnetar Capital, Citi Ventures, Continental General Insurance Company, Parker89, Era Ventures, Saluda Grade (lead), Harmony Partners | |
| Leafea Leafea provides employee-benefit services designed for adoption by small and medium-sized businesses in Japan. | ¥1B | Series B first close | Enterprise software · Japan | ||
| Human Physical Intelligence Human Physical Intelligence develops AI-controlled assist suits that help care workers learn and maintain less physically demanding working postures. | ¥3M | R&D grant | Robotics · Japan | Mitsubishi UFJ Technology Development Foundation | |
| Hop Aero Develops autonomous hypersonic cargo rockets for military micro-payload delivery. | $11M | Seed | Defense tech · United States | Outsized Ventures, Lunar Ventures, Initialized Capital (lead), Y Combinator (YC) | |
| Advance Composite Co., Ltd. An advanced-materials manufacturer combining metals with ceramics or graphite for thermal and precision-engineering applications. | Undisclosed | Series B | Industrial tech · Japan | Toa Electric Industrial Co., Ltd. | |
| QBITech Co., Ltd. Robot-control software that lets operators coordinate machines from different manufacturers through one platform. | ~¥600M | Series B | Robotics · Japan | Sumisho Venture Partners Co., Ltd., JIC Venture Growth Fund II Investment Limited Partnership | |
| Miter A construction operating system for payroll, human resources and field operations. | $40M | Series B | Enterprise software · United States | Battery Ventures (lead), Bessemer Venture Partners, Coatue | |
| AnaCardio AnaCardio develops oral medicines intended to improve heart muscle contraction in people with heart failure. | €62.5M | Series B | Biotech · Sweden | Innovestor Life Science, LLD Nybohov Invest AB, Sound Bioventures, Industrifonden, Pureos Bioventures, Helsinn, Flerie, Novo Holdings (lead), Ljungström family office (lead) | |
| Legmin Legmin develops crop-spraying robots and operates spraying services that help farms carry out labour-intensive field work. | Undisclosed | Strategic equity investment | Agritech · Japan | MEEQ, Agribusiness Investment & Consultation Co., Ltd. | |
| ProAttend A professional-services company that assembles accounting and finance teams for acquisitions, integration and restructuring. | Undisclosed | Angel round | Business services · Japan | ||
| Everphone Everphone provides smartphones, tablets and laptops to businesses through a managed device-as-a-service platform. | €15M | €15 million corporate loan refinancing | Business services · Germany | KfW, Commerzbank | |
| Vytalyou Vytalyou provides doctor-led preventive-health services combining diagnostics, personalised interventions and medically supervised care. | ₹90M | Pre-Series A | Healthtech · India | Chetan Jain, Ratan Jain | |
| Arivihan An online learning platform for Indian school students preparing for board curricula and competitive exams, with AI tutoring in vernacular languages. | ₹958.6M | Series A | Edtech · India | Prosus (lead), Accel (lead), Dinesh Gulati, Gaurav Kapur, Rajesh Sawhney, Dinesh Chandra Agrawal | |
| xHeron xHeron runs guest communication, coordination and issue resolution for short-term rental operators. | Undisclosed | Pre-seed | Travel tech · Germany | IBB Ventures (lead) | |
| Highlanders Inc. Develops humanoid and quadruped robots, including their mechanical systems, controls and AI software. | Undisclosed | Strategic investment | Robotics · Japan | Kaga Electronics Co., Ltd. | |
| GMI Cloud GMI Cloud provides GPU computing, model inference and infrastructure for AI applications. | ≤$445M | Credit facility | AI · United States | CTBC Bank (lead) | |
| WED Receipt-based marketing software that helps brands connect advertising campaigns with customers' actual purchases. | Undisclosed | Funding round | Consumer · Japan | TOPPAN Holdings Inc., Global Brain, giftee, Inc., Skyfall, Inc. | |
| Astrocyte Pharmaceuticals Inc. Astrocyte Pharmaceuticals develops treatments intended to protect brain tissue after concussion, traumatic brain injury and stroke by targeting astrocytes. | $9.5M | Series B | Biotech · United States | Waterstar Capital, MintPharma Capital, Angel Star Ventures, DeepWork Capital (lead), Dynagrow Capital | |
| Kutlerri.ai Kutlerri.ai operates managed AI services that carry out restaurant sales and cost-control tasks. | $4M | Funding round | Enterprise software · United States | Narahari Investments (lead) | |
| Aventix Aventix builds sensor-based analytical instruments for laboratories. Its first product, Scarlett 01, measures liquid volumes across microplate wells without touching the sample, helping R&D teams check dispensing quality and catch volume variation before it affects assay results. | €1.2M | Pre-seed | Biotech · Sweden | Kost Capital (lead), Voima Ventures (lead) |