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 |
|---|---|---|---|---|---|
| Ordo Ordo develops camera-equipped earbuds that let people interact with an AI assistant through voice and visual context. | ≥₹2.5M | Investment commitment | Hardware · United States | DraperU India, Rathnakar Samavedam | |
| Bharat Housing Network Bharat Housing Network channels secured credit to lower- and middle-income borrowers and clean-technology businesses through its lending network. | $5M | Green bond | Fintech · India | Symbiotics | |
| Edison IA Edison IA helps small and mid-sized businesses put AI to work through executive training, process diagnosis and deployed business agents. | €1M | Seed | AI · France | Bpifrance, CIC Ouest, GO CAPITAL (lead) | |
| RiskScout RiskScout provides financial-crime compliance and fraud-prevention software for banks and credit unions. | Undisclosed | Undisclosed | Fintech · United States | Castle Creek Launchpad, Bankers Helping Bankers Fund, LiveOak Ventures (lead), C3 Ventures, Alloy Labs, Brue2 | |
| EliseAI Agentic AI software for housing operators and healthcare providers that automates customer conversations and operational workflows. | $350M | Growth financing | AI · United States | Bessemer Venture Partners (lead), Andreessen Horowitz (a16z) (lead) | |
| Efficient Computer Efficient Computer develops general-purpose data-flow processors and software tools for computing and AI systems. | >$97M | Series B financing agreements | Hardware · United States | TQ Ventures (lead), Triatomic Capital, Union Square Ventures, TO Capital, Giant Ventures, Borderless, Mana Ventures, TF Capital, Eclipse, Toyota Ventures, Overmatch | |
| flowscope flowscope automates enterprise work by connecting business processes and using AI to reduce repetitive operational tasks. | $3.8M | Seed | Business services · United States | Outbound Capital, Red Forest Capital, Latitude, Y Combinator (YC) | |
| Marble AI-powered fraud and anti-money-laundering software for banks, fintechs and crypto exchanges. | €6.5M | Series A | Fintech · France | Hexa, Passion Capital, 42Capital, Smartfin (lead), ADNEXUS | |
| Breye Therapeutics Breye Therapeutics develops oral medicines for retinal diseases. | €67.5M | Series A | Biotech · Denmark | Innovestor Life Science, Sound Bioventures, Catalyze Capital, Modi Ventures, Mission BioCapital (lead), Novo Holdings (lead), Ljungström family office, Danish Export and Investment Fund (EIFO), Pappas Capital | |
| Billding Billding helps households and small businesses compare utility offers using their actual bills. Customers upload a bill to see potential savings, switch to a selected provider through the platform, and monitor tariffs for later price increases. | €530K | €530,000 funding round | Consumer · Italy | Alberto Mazzetti, Alberto Dalmasso, Michelangelo Bottesini, Giuliano Messina, Umberto Lentini, Dario Brignone, Alessandro Cillario, Daniele Ratti | |
| Kyndred Kyndred builds real-time AI characters that combine voice, live animation and memory for consumer conversation and creator experiences. | €500K | Pre-Seed | AI · Romania | Early Game Ventures (lead) | |
| Ahron Ahron connects enterprise HR systems and uses governed AI agents to carry routine employee workflows across them. | €2.2M | €2.2 million funding round | AI · Germany | Sabine Kohleisen, Cusp Capital (lead) | |
| WearSynapse WearSynapse develops wearable voice capture and clinical-note software for hospital consultations. | ≥₹2.5M | Investment commitment | Healthtech · India | DraperU India, Rathnakar Samavedam | |
| Reco Cybersecurity software that helps security teams discover, govern and secure SaaS applications, identities and AI agents. | $55M | Series B extension | Cybersecurity · United States | Forestay Capital, Quadrille Capital, AT&T | |
| Nudge Nudge rewards shoppers for submitting purchase receipts and helps brands measure purchasing behaviour. | Undisclosed | Funding announcement covering two rounds | Consumer · India | Adani Family Office, Jhaveri Credits and Capital Limited | |
| IPercept Hardware-enabled software that monitors CNC machine condition and production without controller integration. | $16.5M | Series A | Industrial tech · Sweden | Luminar Ventures, 2150 (lead), RunwayFBU, J12 Ventures, AI.Fund, Isogon Ventures (lead) | |
| Voi Technology Voi operates app-based e-scooter and e-bike sharing services in partnership with cities and local communities. | €150M | €150 million revolving credit facility | Mobility · Sweden | Danske Bank A/S, DNB Sweden AB, Swedbank AB | |
| RemoteThreat RemoteThreat provides an offensive cyber-operations platform for enterprise red teams, government mission teams and vetted defence partners. | $7M | Pre-seed | Cybersecurity · United States | Osage University Partners (lead), DataTribe (lead) | |
| Ororo Waste Management Ororo Waste Management collects used cooking oil and supplies traceable feedstock to biofuel producers. | ≤NGN 1.4B | Corporate note | Climate tech · Nigeria | Rising Tide Africa | |
| knewit, Inc. A delivery-operations platform that combines business software, AI agents and operational services for trading companies and manufacturers. | Undisclosed | Pre-Series A | Logistics · Japan | KUSABI Fund I Limited Partnership | |
| ai3Bio ai3Bio develops therapies designed to remove disease-causing Th17 immune cells, using antibody and lipid-nanoparticle platforms to address autoimmune disease. | $48M | Series A | Biotech · United States | Tanis Ventures, Ziff Capital Partners (lead), UPMC Enterprises (lead), Cockrell Interests | |
| froots Austrian wealth manager that builds and actively manages investment portfolios tailored to each client. | €2.3M | Funding round | Fintech · Austria | Paul Fattinger, Andreas Treichl, Reinhold Baudisch | |
| Something & Nothing Something & Nothing makes botanical sparkling drinks and premium sodas in fruit-led flavors as an adult alternative to conventional soft drinks. | $6.4M | Series A | Foodtech · United Kingdom | The Source Ventures (Spadel), ACF Investors, Rianta Capital, Venrex (lead) | |
| Creator Studio Creator Studio develops AI tools for planning, generating and editing videos, with shared creative context across scenes, assets and subtitles. | ₹15K | IDFC FIRST Bank Demo Day award | Media & gaming · India | IDFC FIRST Bank | |
| hello again White-label customer loyalty software that helps businesses run branded apps, rewards programs and targeted customer communications. | Undisclosed | Growth investment | Business services · Austria | EMERAM Capital Partners (lead) | |
| Blue Fire AI Blue Fire AI develops AI-powered company research and investment decision tools for asset managers. | $9M | Funding round | Fintech · Singapore | Asset Management One | |
| Jeeves Jeeves provides a financial platform for global businesses, combining corporate cards, cross-border payments, expense controls and treasury tools. | $110M | Series C-1 | Fintech · United States | Vista Credit Partners, CRV, ParaFi, Wintermute, Global PayTech Ventures, Andreessen Horowitz (a16z), CoinFund (lead), GIC, AllianceBernstein, Coinbase Ventures, Y Combinator (YC) | |
| Hertha Metals Develops a continuous process for producing iron and steel from different ore grades using natural gas or hydrogen. | $133.7M | Series A | Industrial tech · United States | Siemens Financial Services, Niterra SUISO no MORI Fund, CEV, Khosla Ventures (lead), U.S. Government, Toyota Ventures, Pear Ventures, Doerr Capital (lead), Gates Frontier | |
| WEH Ventures Fund III WEH Ventures Fund III invests in early-stage Indian companies across technology and the physical economy. | Undisclosed | Fund III first close | Fintech · India | Heritage Investments, Twin & Bull Investments, Play Capital, Eraya | |
| ANote Music ANote Music gives rights holders an auction and trading venue for music royalty interests | €2M | Funding round | Fintech · Luxembourg | Seventure Partners (lead), ScaleFund III |