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 |
|---|---|---|---|---|---|
| Kahua Provides enterprise software that connects planning, construction and operations across complex capital programmes. | Undisclosed | Minority growth investment | Enterprise software · United States | Bain Capital Tech Opportunities | |
| Tiny Health Tiny Health provides gut and vaginal microbiome testing and analysis to help families understand microbiome health across life stages. | $33M | Series B | Healthtech · — | Pave Health Ventures, The Venture City, B Capital (lead), Spero Ventures, Pari Passu Ventures, Overwater Ventures, Gaingels, Black Opal Ventures, Alumni Ventures Group, Denver Ventures | |
| WearSynapse WearSynapse develops wearable voice capture and clinical-note software for hospital consultations. | ₹25K | IDFC FIRST Bank Demo Day award | Healthtech · India | IDFC FIRST Bank | |
| Aptadir Therapeutics RNA therapeutics designed to restore expression of silenced genes | €40M | Seed | Biotech · Italy | Bio Lombardia Fund, EXTEND Initiative, Xgen Ventures, Kerna Ventures, Italian Angels for Biotech, 4BIO Capital (lead), CE-Ventures, Angelini Ventures, CDP Venture Capital, Indaco Bio, Club degli Investitori | |
| Sovera Security AI-native managed detection and response software that helps organizations coordinate security operations across their existing tools. | DKK 4M | EIFO match loan | Cybersecurity · Denmark | Danish Export and Investment Fund (EIFO) | |
| Pakajo Pakajo helps online retailers compare carrier rates, automate shipping and manage domestic and international fulfillment from one platform. | €1.2M | Pre-Series A2 | Logistics · Germany | ||
| Cotierra Cotierra deploys on-farm biochar systems and digital monitoring to convert agricultural residues into soil amendments and measurable carbon removal for food supply chains. | €2.6M | Funding round | Climate tech · Switzerland | GOTA Ventures, Zürcher Kantonalbank, Hungry4Impact, PINC (lead), Carbon Drawdown Initiative, better ventures, Triple Impact Ventures, Carbon Removal Partners (lead) | |
| Elio Mortgage Operates a mortgage brokerage using AI to handle loan-origination administration while loan officers advise borrowers. | $5.1M | Pre-seed | Fintech · United States | Jeff Horing, Motive Partners (lead), Social Leverage (lead) | |
| F2 An AI workflow platform for institutional credit screening, underwriting and portfolio monitoring. | $5M | Strategic investment | Fintech · United States | Golub Capital | |
| Ola Electric Ola Electric makes electric scooters, motorcycles and battery-storage products for the Indian market. | ₹10B | Rights issue (60% paid) | Mobility · India | ||
| Sirui Additive Sirui Additive turns titanium and other metal scrap into powders for 3D printing and metal injection moulding. The Shenzhen company also provides powder treatment, custom printing and precision machining. | Undisclosed | Pre-A | Industrial tech · China | SUSTech Wutong Angel Fund, Tongkai Wanwei Venture Capital | |
| Live Search Co., Ltd. Property-data services that help real estate firms produce, manage and distribute listing photos, floor plans and other media. | Undisclosed | Series C | Proptech · Japan | ||
| HiringCafe A job-search platform whose AI agent matches a person's resume and preferences to roles indexed from employer career pages. | $6.8M | Pre-seed | AI · United States | Nonfiction Capital, Silicon Gardens, Spark Capital (lead) | |
| Autoheal AI agents that automate software development workflows and incident response for engineering teams. | $7.9M | Seed | Developer tools · United States | Emergent Ventures, Savin Goyal, Batch Ventures, Innovation Endeavors (lead), Darkmode Ventures, Anshu Sharma | |
| NIO Power NIO Power provides electric-vehicle battery swapping and charging infrastructure. | CN¥640M | Strategic investment cash component | Mobility · China | Geely Holding Group | |
| erad A financing platform that provides Shariah-compliant working capital to small and medium-sized businesses in Saudi Arabia and the UAE. | $22M | Series A | Fintech · Saudi Arabia | Oraseya Capital, Araya Ventures, Joa Capital, Khwarizmi Ventures, S60 Ventures, Aljazira Capital, Saudi Venture Capital, Conjunction Capital, Nuwa Capital, MEVP (lead), ANB Capital, 500 Global | |
| Yizhu Technology Yizhu Technology designs compute-in-memory chips for AI inference and post-training workloads. | Undisclosed | Strategic equity investment | Hardware · China | Suzhou Innovation Investment Group | |
| SiMa.ai SiMa.ai builds a full-stack physical AI platform that combines purpose-built silicon and software to help developers deploy machine learning on real-world devices. | $150M | Series C | AI · United States | J.P. Morgan, State of Michigan, Amplify (lead), StepStone Group, Alter Venture Partners, Dell Technologies Capital, Point72, AllianceBernstein, Baron Capital, Fidelity Management & Research Company (lead), +ND Capital, Maverick Capital | |
| Rela RELA provides Saudi employers with managed workforce housing and a platform to coordinate accommodation, transport, meals and facility services. | Undisclosed | Strategic investment | Proptech · Saudi Arabia | Yazeed Al Rajhi & Brothers Holding | |
| Galgo Galgo is a motorcycle commerce and financing platform that helps consumers buy bikes through online credit applications and a network of dealerships. | MX$1B | Credit facility | Fintech · Chile | BBVA Spark | |
| Granite Granite builds sovereign AI cloud infrastructure that combines compute, storage, GPUs and agent orchestration in modular systems organizations can own or access as a network. | €4M | Funding round | AI · Denmark | Bifrost Studios (lead) | |
| Bangalore Watch Company Bangalore Watch Company designs and sells premium mechanical watches inspired by contemporary Indian stories. | $1.4M | Seed | Consumer · India | ||
| Vela Energy AI agents coordinate procurement and permitting work for large energy and data-center projects. | $1.3M | Pre-Seed | Climate tech · United States | Andreessen Horowitz (a16z) (lead), Z Fellows (lead) | |
| Flocta Berlin software company developing tools to reduce the cost of using AI models. | $1.1M | Pre-seed | AI · Germany | Atlantic (lead) | |
| Presto Phoenix Develops Voice AI for quick-service restaurant drive-thrus | $10M | Funding round | AI · United States | ||
| Smolt Co., Ltd. An aquaculture company that breeds heat-tolerant cherry salmon and supplies seed fish and salmon products to regional producers. | ~¥200M | Pre-Series A extension | Agritech · Japan | Chugin Capital Partners Co., Ltd., Samurai Incubate, Inc., mint (lead), ANOBAKA, Inc. | |
| Balwaan Krishi Balwaan Krishi manufactures farm machinery for Indian farming conditions and sells it through dealers and ecommerce, supported by a service network. | ₹1B | Series B | Agritech · India | First Bridge India Growth Fund Private Equity (lead) | |
| Complaion Complaion combines compliance-management software with dedicated lead auditors to help growing companies obtain and maintain ISO certifications. | €13.5M | Seed | Business services · Italy | Ithaca, Vesper Holding, Vento, Eurazeo (lead), Enzo Ventures, Eden Ventures, Sella Direct Ventures, K-Fund, Shapers, 2100 Ventures, Italian Founders Fund (lead) | |
| Amaani A consumer beauty company building regional brands, starting with AÏZA skincare and haircare. | $5M | Series A | Consumer · United Arab Emirates | Homegrown Ventures, BECO Capital (lead), Peak XV’s Surge | |
| Modulate Modulate builds audio-native AI models and APIs that help developers understand voice conversations beyond their transcribed words. | $25M | Funding round | AI · United States | Lakestar, Future Ventures (lead), Hyperplane |