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 |
|---|---|---|---|---|---|
| bilt.me Bilt.me turns a written app idea into a native iOS and Android application, with an in-browser simulator, AI editing and app-store deployment tools. | $700K | Pre-seed | AI · Estonia | Markus Villig, Martin Sokk, Superhero Capital (lead) | |
| Sofinnova MD Start IV Medtech venture fund creating companies around clinical needs in Europe and the US. | €82M | Medtech venture fund final close | Healthtech · Undisclosed | ||
| Alive App Alive App helps urban consumers discover and book curated leisure experiences, bringing activities from creators and local partners into one app. | $1M | Seed | Consumer · India | Powerhouse Ventures (lead), Flipkart Ventures | |
| Outmarket AI Outmarket AI automates workflows for insurance agencies and brokers through connections to agency management systems. | $34.5M | Series B | Fintech · United States | Dash Fund, TTV Capital, Permanent Capital Ventures, SignalFire (lead), Fika Ventures | |
| Arovia Consumer Arovia Consumer partners with regional Indian packaged-food businesses to expand their brands and distribution. | ₹1B | Capital commitment | Consumer · India | Fireside Ventures | |
| Graneet Construction-focused ERP software that helps small and midsize contractors manage estimates, invoices, purchasing, labor and project margins. | €7M | Funding round | Proptech · France | ||
| Quartermaster Equips ships with sensor packages and analytics to create a distributed real-time maritime intelligence network | $140M | Series B equity + debt facility | Defense tech · United States | Stifel, First Round Capital, Insight Partners (lead), Overmatch | |
| Menos AI Menos AI connects institutional investors’ research, portfolio information and investment reasoning so AI agents can assist with research and operating workflows. | $5.1M | Pre-A financing | Fintech · United States | Alpha Square Group, Copper Sky Capital (lead) | |
| Mona Helps small businesses find grants, loans and government funding, prepare applications and access financial coaching. | $3.5M | Oversubscribed round | Fintech · United States | Sandberg Bernthal Venture Partners (lead), Alumni Ventures, Eric Schmidt, Wisdom Ventures | |
| DoD Solution DoD Solution builds onboard computing hardware and autonomy software that help unmanned vehicles navigate and carry out missions when GPS or remote control is limited. | $2.1M | Pre-Seed | Defense tech · Ukraine | Angel One Fund, Draganfly, UAID Fund, 4C-Next Holding AG, Defence Builder Fund, Newfund, Better Angle, Network VC, WildField Ventures | |
| BridgeSmile Co., Ltd. An installation-services operator that coordinates retailers, customers and field technicians through software and managed operations. | ¥819M | Series A | Business services · Japan | Aflac Ventures Japan, Inc., Kanpo NEXT Partners Co., Ltd., Mobile Internet Capital, Inc., DE-SIGN Capital, Inc., New Commerce Ventures, Inc., GIB, Inc., Mitsubishi UFJ Capital Co., Ltd., mint, INNOVATION V Capital, PARTNERS FUND, Innovation Engine, Inc., Gazelle Capital | |
| Biossil Biossil uses AI to identify and develop drug candidates that other companies have discontinued. | $153M | Equity financing | Biotech · Canada | OpenAI Startup Fund (lead) | |
| RheoCarti RheoCarti is developing titanium–hydrogel orthopedic implants designed to reproduce the low friction and shock absorption of natural joint cartilage. | CHF 150K | Venture Kick support | Healthtech · Switzerland | Venture Kick (lead) | |
| MOYOM Biotech Develops absorbable biomaterials and implantable medical devices for regenerative aesthetic treatments. | Undisclosed | Financing round | Healthtech · China | Cathay Consumer Co-Creation Fund | |
| Daedal Systems A developer of standardized plasma measurement systems for fusion reactor companies. | $4M | Funding | Hardware · Canada | OMERS Ventures (lead), Garage Capital, MaRS Investment Accelerator Fund (IAF), Ripple Ventures, Panache Ventures | |
| Instinct Develops a personal AI assistant that carries out everyday tasks through text and phone calls. | $1B | Series C | AI · United States | Sequoia Capital, Benchmark, Coatue | |
| Humanos Humanos provides infrastructure for measuring and controlling AI-agent risk, turning identity, authority, controls and runtime activity into verifiable risk evidence that can travel across organizations. | $3.2M | Seed | AI · Portugal | Start Ventures, Transatlantic Highway Ventures, Anthemis Group (lead), SpringBank, Critical Ventures |