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 |
|---|---|---|---|---|---|
| Yitai Technology Yitai Technology develops spatial data infrastructure for training robotics and embodied-AI models. | Undisclosed | Angel | AI · China | 交源资产, Zhongping Capital, 上海半导体产投, 祥赢基金 | |
| Ortet Ortet is an AI research lab building models and shared computing and data infrastructure for healthcare and life-science work. | $500M | Investment commitment | AI · United States | Thoreau | |
| M-Fly M-Fly develops stabilized electro-optical payloads and gimbals for drones and other platforms. Its systems combine imaging sensors such as visible, infrared and short-wave infrared cameras, with options including laser target designation for specific models. | Undisclosed | Undisclosed funding round | Defense tech · Ukraine | Freedom Fund, Gardar, MITS Capital (lead) | |
| Aligator AI media intelligence for PR and marketing teams to monitor brand coverage, understand audience and competitor sentiment, and spot reputational risks across channels and languages. | $1.2M | Seed | Enterprise software · Qatar | Next Ventures (lead), Qatar Development Bank (lead) | |
| NOX Energy NOX connects home energy devices to electricity markets, optimizing heat pumps and solar systems for household savings and grid flexibility. | €3M | Seed | Climate tech · Belgium | Volve Capital (lead), Rise PropTech (lead), Fair Capital Impact Fund, 100IN, Seeder Fund, Uneti Ventures | |
| autoMEE autoMEE develops flowMEE, an AI accounting platform that reads and classifies financial documents, prepares ledger entries and matches bank transactions for finance teams and accounting firms. | PLN 10M | Seed | AI · Poland | Level2 Ventures (lead) | |
| Metaview Metaview provides AI agents and software for recruiters and hiring teams, from candidate sourcing and screening to interview notes and reporting. | $60M | Series C | AI · United Kingdom | Plural, GV, Intrepid Growth Partners, Garuda Ventures, Vertex Ventures US, Seedcamp, Insight Partners (lead) | |
| Aptatek Biosciences, Inc. Aptatek Biosciences develops connected diagnostic tools for metabolic monitoring at home. Its investigational PheCheck programme measures blood phenylalanine for people with PKU. | Undisclosed | Initial close of financing | Biotech · United States | Canterbury Scientific Ltd. (lead), Longview Innovation (lead) | |
| Simple Energy An Indian electric two-wheeler maker selling scooters such as the Simple One, with connected controls, battery technology and safety features for everyday riders. | ₹17.5B | Series C | Mobility · India | Suhas Rajkumar, Haran Family Office, Amit Mishra, Ankit Gupta, Dr Arokiaswamy Velumani's Family Office (lead) | |
| OuterSignal OuterSignal helps consumer brands recognize individual customers and tailor marketing to their behavior, preferences and context. | $22M | Series A | Enterprise software · — | Top Shelf Ventures, Abstract (lead), SuperAngel.Fund, BAM Ventures, Long Journey Ventures (lead), AME Cloud Ventures | |
| mutex Medical billing software that helps hospital and clinic staff identify missed charges and errors before submitting claims. | ¥281.6M | Series A | Healthtech · Japan | MTI Co., Ltd., Nihon Keiei Co., Ltd., MEDIPAL Innovation Investment Limited Partnership | |
| KHOY KHOY makes sofa beds designed for comfortable everyday sitting and sleeping, with a zip-open seat that converts into a bed or lounger. The Finnish furniture brand vacuum-packs its products into compact boxes for easier delivery and moving. | €2M | Growth funding | Consumer · Finland | Innovestor, Virta Equity (lead) | |
| WAKA A game studio that develops, publishes and acquires Roblox games, including licensed anime and manga titles. | Undisclosed | Additional mixed financing | Media & gaming · Japan | TOKI | |
| Blue Health Intelligence Blue Health Intelligence combines a one-hour health assessment with doctor-led interpretation and a digital plan for preventive care. | €3.4M | €3.4 million growth capital | Healthtech · Netherlands | Knop Investments (lead), Jeroen Tas, Anna Nooshin | |
| Pop Mint An entertainment company creating digital and in-person experiences for fans of character-based intellectual property. | ¥50M | Pre-seed | Media & gaming · Japan | EX Innovation Fund | |
| Backpacking Ten Years Backpacking Ten Years operates youth hostels built around shared travel and social spaces. | Undisclosed | Strategic investment | Travel tech · China | 新东方(珠海)文旅投资有限公司 | |
| Atomic Atomic gives supply-chain planners a configurable model of demand, inventory, production and purchasing, then simulates scenarios and recommends or executes decisions under their rules. | $12.5M | Series A | AI · United States | Madrona (lead), Klass Capital (lead) | |
| Treportal, Inc. A fan marketplace app for finding, managing and safely exchanging randomized character and entertainment merchandise. | ~¥67M | Pre-Series A | Consumer · Japan | Chiba Dojo Fund (lead) | |
| General Intuition Develops multimodal action models trained on gameplay video and player-input telemetry. | $220M | Undisclosed | AI · United States | Seven Seven Six, Khosla Ventures, Valor Equity Partners, Atreides Management, Point72 Ventures, General Catalyst | |
| Rig Security Rig Security helps enterprise teams map and protect human, machine and AI-agent identities across cloud, on-premises and endpoint systems. | $12M | Seed | Cybersecurity · Israel | CrowdStrike Falcon Fund, Ami Luttwak, Brightmind Partners (lead), Ten Eleven Ventures (lead) | |
| Tesla Designs, manufactures and sells electric vehicles, battery storage systems and solar energy products. | ≤$30B | Committed credit facilities | Mobility · United States | ||
| Reverion Reversible solid oxide fuel cell power plants that generate dispatchable electricity from gas and can store surplus power as storable gas. | $175M | Series B | Climate tech · Germany | Carbon Equity, Aurum Impact, Energy Impact Partners, UVC Partners, alfa8, Extantia, Possible Ventures, KfW Capital, Kembara (lead), Allianz, EIC Fund | |
| Amara Amara Home is a voice-controlled communication and entertainment device that helps older adults reach family and everyday digital services without navigating conventional app menus. | €3.7M | Pre-seed | Consumer · Germany | IBB Ventures, Caesar VC, Econa | |
| FIG Living Design-led lighting and home decor for consumers furnishing modern Indian homes. | Undisclosed | Strategic investment | Consumer · India | SailThru Ventures | |
| HyperGuest HyperGuest connects hotels and travel sellers through a shared platform for distribution, commercial agreements and payments. | $25M | Series B | Travel tech · Israel | AMI Opportunities (lead) | |
| spotixx Privacy-preserving collaboration software for bank fraud and AML teams | Undisclosed | Eurostars R&D grant | Cybersecurity · Germany | ||
| MoneyStack MoneyStack provides financial counselling within behavioural-health programmes, helping people address money problems alongside treatment. | $1M | Undisclosed | Healthtech · United States | Sidecut Ventures, American Heart Association Social Impact Funds, Gaingels, O’Shaughnessy Ventures, Cistern Capital (lead) | |
| WAYFARER, Inc. Hotel operator and software company building an AI operations platform that connects property systems and workflows. | Undisclosed | Series A first close | Travel tech · Japan | Canon Marketing Japan MIRAI Fund (lead) | |
| Farm to Feed Farm to Feed connects Kenyan farmers with business buyers and creates markets for surplus and imperfect produce. | €150K | Loan | Agritech · Kenya | Proparco | |
| Ordo Ordo develops camera-equipped earbuds that let people interact with an AI assistant through voice and visual context. | ₹50K | IDFC FIRST Bank Demo Day award | AI · United States | IDFC FIRST Bank |