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 |
|---|---|---|---|---|---|
| FOOD FOUNDERS Studio Zurich venture studio building B2B food and beverage technology companies. | €4M | Undisclosed | Foodtech · Switzerland | ||
| AceVector AceVector operates a digital-commerce group spanning Snapdeal’s marketplace, Unicommerce’s commerce software and Stellaro’s consumer brands. | ₹2.9B | IPO — fresh issue | Ecommerce · India | Helios Small Cap Fund, Saint Capital Fund, Mavira Growth Opportunities Fund, TIMF Holdings, ASAS Global Fund, Turnaround Opportunities Fund, Taurus Ethical Fund, Alchemy Long Term Ventures Series 3, LC Pharos Multi Strategy Fund, Singularity Growth Opportunities Fund II, Negen Undiscovered Value Fund, Ashika Global Finance, Emerge Capital Opportunities Scheme, Helios Mid Cap Fund | |
| Spotable Spotable automates renovation sales workflows for roofing and façade contractors, turning a property address into measurements, estimates and a customer-ready quote. | €4M | Seed | Proptech · Belgium | Family office of Hilde Cloostermans and Philip Corens, Christophe Morbee, Arne Vandendriessche, Jonas Dhaenens | |
| Vortex Vortex provides office ownership, property investment and real-estate management services for businesses and investors in Japan. | ¥300M | Private placement bond | Business services · Japan | The Yamagata Bank, Ltd. | |
| BlueWX Weather-forecasting software that helps airlines and wind-power operators anticipate local wind conditions and turbulence. | Undisclosed | Series A extension | Climate tech · Japan | Fidea Capital Co., Ltd. | |
| Tryp.com Tryp.com combines flights, trains, buses, ferries, hotels and activities into multi-destination trips, using search technology to surface route combinations and manage bookings in one place. | €1.9M | €1.9 million funding round | Travel tech · Denmark | Point Capital Partners (lead), Iberis Capital | |
| Varda Varda builds spacecraft that manufacture materials in low Earth orbit and return them to Earth. Its capsules support microgravity pharmaceutical development and materials processing, followed by controlled reentry and post-flight analysis of returned payloads. | $251M | Series D | Space tech · United States | Giant Step Capital, Lux Capital (lead), Khosla Ventures, Founders Fund, General Catalyst, Caffeinated, Natural Capital (lead), 8090 Industries | |
| EDT EDT makes kitchen and personal-care appliances, including LUMA air fryers, FLOW kettles and SUKI hair dryers. | $2.4M | Pre-Series A | Consumer · India | Arindam Paul, Anushree Tainwala, Alteria Capital, Ajith Pai, Sauce (lead), Raul Rai, Shibam Das | |
| Juxie Intelligent Juxie Intelligent develops integrated joints and drive components for robots. | >CN¥100M | Series A+ | Robotics · China | Johnson Electric, 自变量机器人, Ecovacs, 九号资本, Nanjing Innovation Capital Group, 华泰紫金 (lead) | |
| LEBO ROBOTICS Robotic inspection and repair systems that help wind-farm operators maintain turbine blades more safely and efficiently. | Undisclosed | Series B first close | Robotics · Japan | Tamashima Regional Revitalization Investment Limited Partnership, Abies Ventures Fund I, L.P. | |
| Zenithon AI Zenithon builds physics-grounded machine-learning models that help engineering teams simulate and optimize complex systems in fusion, aerospace and semiconductor development. | $10M | Seed | AI · United Kingdom | Lunar Ventures, Seraphim Space, Backed VC (lead), MMC Ventures, SOSV | |
| Bee People Bee People sells Swiss-made wellness supplements and superfoods built around honey, propolis and selected vitamins and minerals. | CHF 1.3M | Seed | Foodtech · Switzerland | ||
| Blackswan Space Blackswan Space builds simulation software and autonomous-navigation hardware that help satellite operators design, test and carry out complex missions in orbit. | €2.5M | Seed | Space tech · Lithuania | Tomas Žalandauskas, Lemonade Stand, Linas Sargautis, Iron Wolf Capital (lead), NGL Ventures | |
| Blitz Provides fulfilment and rapid delivery for ecommerce and direct-to-consumer brands in India. | ~₹287M | Pre-Series B | Logistics · India | Vishal Dhupar, ICMG Group, IvyCap Ventures (lead) | |
| Inbolt Inbolt makes vision-guidance software that lets industrial robots locate parts from their CAD models and adjust their movements to real factory conditions. | €11M | €11 million funding round | Robotics · France | Bridges Climate Transition Partners, BNP Paribas Développement, Ora Global, Shift4Good (lead) | |
| Kuro Technology Kuro connects construction project documents to help contractors prepare bids and identify risks. | €10M | Seed | Enterprise software · Germany | UVC Partners (lead), HelloWorld, Realyze Ventures, Foundamental | |
| NKN Media NKN Media distributes media and television content and develops original entertainment formats, events and media partnerships. | AED 15M | Strategic investment | Media & gaming · United Arab Emirates | Dhiraj Jain | |
| Charter Space Charter is a licensed insurance brokerage focused on space and defense companies, placing coverage for spacecraft, launch missions and the businesses behind them. | $5M | Seed | Fintech · United States | Crystal Venture Partners (lead), Blank Ventures, Gaingels, Hustle Fund, QED Investors | |
| AI Librarium Inc. AI Librarium provides AI strategy, governance and organizational-adoption consulting for enterprises. | Undisclosed | Strategic investment | AI · Japan | Computer Engineering & Consulting Ltd. | |
| Cold Solutions Rwanda Cold Solutions Rwanda provides temperature-controlled handling, storage and logistics for perishable goods. | ≤$18M | Senior debt facility | Logistics · Rwanda | Africa Go Green Fund | |
| Aurachain Aurachain provides a governed workflow platform for compliance, risk and fraud operations. | Undisclosed | Strategic growth investment | Enterprise software · Switzerland | Evolution Equity Partners | |
| CScale CScale develops optical interconnects that keep large AI computing systems communicating reliably. | $145M | Series C | Hardware · United States | Sutter Hill Ventures, Intel Capital, Valor Equity Partners (lead), NVIDIA, Atreides Management (lead), Premji Invest (lead), Maverick Silicon | |
| Restate Restate is an open-source runtime that makes application code durable, recovering long-running services and workflows across failures while preserving their progress and state. | $20M | Series A | Developer tools · Germany | Redpoint Ventures, Capital One Ventures, Singular (lead) | |
| Prodoc AI Prodoc AI connects hospital systems and coordinates patient journeys from first enquiry to follow-up care. | Undisclosed | Seed | Healthtech · India | Parth D. Bhasin, Dr Arokiaswamy Velumani's Family Office (lead), Dr Kunal Shet | |
| Intentia, Inc. AI agents that help manufacturers and wholesalers prepare sales visits and process customer orders within their existing systems. | ¥10M | Debt financing | Enterprise software · Japan | Japan Finance Corporation | |
| PERPTools PERPTools is a self-custodial perpetual-futures trading platform with a no-code layer for deploying autonomous trading agents. | $5M | Seed | Fintech · Spain | NEAR, Shima Capital, BigBrain Holdings, Sfermion, Animoca Brands | |
| Onomondo IoT connectivity infrastructure combining global SIM/eSIM access with network management software for connected-device fleets. | Undisclosed | Majority investment | Enterprise software · Denmark | Aspirity Partners, EIFO | |
| Gravity An operating platform that helps interior architects, design-and-build studios and showrooms source home-interior materials through shared procurement, distribution and service infrastructure. | $15M | Funding round | Proptech · India | Info Edge Ventures (lead), 3one4 Capital (lead), Alteria Capital, Genesia Ventures | |
| GMI Cloud GMI Cloud provides GPU computing, model inference and infrastructure for AI applications. | $223M | Series B | AI · United States | KT Corporation, Kyobo Life, DSC Investment, NVIDIA, KB Investment, ARCHIV (lead), Trend Micro | |
| Flow Engineering Flow Engineering builds requirements management software and AI agents for hardware development teams. | $50M | Series B | Enterprise software · United States | SV Angel, EQT, Sequoia Capital, Roelof Botha, Valor Equity Partners (lead), Atreides Management (lead), Thomas Wolf, Jonas von Malottki, Nico Rosberg, Odyssey Ventures, Human Capital, Evantic |