Weekly funding picks, October 5–11: Waymo borrows $5bn; Zenflow pairs funding with distribution
Waymo adds debt for robotaxi expansion, Zenflow secures financing alongside a US distribution agreement, and Living Optics brings commercial collaborators onto its cap table.
Waymo closed its first debt financing on October 8. The $5 billion term loan will support autonomous ride-hailing expansion in the US and internationally, following a separate $16 billion equity investment earlier in the year. PIMCO, Blackstone and Sixth Street led the syndicated lending.
Zenflow ties a $52 million financing to a route into clinics
Zenflow announced a $52 million Series D on October 5 alongside an exclusive US distribution agreement with Cook Medical. The proceeds support commercialisation of its Spring System, an implant for urinary symptoms caused by an enlarged prostate. Cook brings an established urology sales network to the launch.
Living Optics brings camera customers into its investor group
Living Optics secured a $20 million Series A extension led by BRV Capital Management. Lockheed Martin Ventures, Applied Ventures and Lam Capital invested as the camera maker expands its work with their parent companies. The financing supports US expansion and deployment of hyperspectral cameras that reveal material information beyond ordinary colour images.
The selected financing announcements
Sources
All rounds in this edition
| Company | Amount | Round | Sector · country | Investors | Date |
|---|---|---|---|---|---|
| Tessolve Tessolve helps semiconductor companies turn chip designs into validated, tested products and embedded systems. | $75M | Undisclosed | Business services · India | Vector Line Capital | |
| Autobia Autobia is a Saudi B2B automotive-parts platform combining procurement, fulfilment and payment services. | $12M | Series A | Ecommerce · Saudi Arabia | Artal Capital (lead), Aljazira Capital, Wa'ed Ventures | |
| Nat Habit Nat Habit develops and sells Ayurvedic personal care products across hair, skin, body and baby care. | ₹1.4B | Series C | Consumer · India | Trident Growth Partners (lead), Bertelsmann India Investments, Hero Family Office, Sharrp Ventures, Mirabilis Investment Trust, Physis Capital | |
| Moxian Technology Moxian Technology develops tactile sensors and data-collection gloves. | Undisclosed | Series A+ | Robotics · China | 清水湾基金, 自变量机器人, 松山湖产投 | |
| Klarent Klarent develops software testing agents that create and maintain automated tests for enterprise web and mobile applications. | $8M | Seed | Enterprise software · Switzerland | Moonfire, Mosaic Ventures (lead), Jürgen Galler, Harris Barton, AngelInvest Ventures | |
| Jinlimen Jinlimen operates fresh-snack stores in China. | Undisclosed | Equity funding round | Consumer · China | BUER CAPITAL STAR PTE. LTD. | |
| Diffusion ONE Diffusion ONE is a US venture capital fund led by Kristian Fredrickson and Victor Lazarte. | $1.3B | Fund ONE | Business services · United States | ||
| Gramiyaa Gramiyaa produces and sells wood-pressed cooking oils. | ~₹186.5M | Series A | Foodtech · India | Sarya Global Holdings, Homegrown Ventures, Campus Fund, Rasagna Pulapaka, Optiscape Network Holdings (lead) | |
| Vatar Inc. Vatar builds multiplayer social worlds based on real cities. | $500K | Angel | Media & gaming · Nigeria | Oo Nwoye, Abdulhamid Hassan, Resilience17, Nathan Nwachuku | |
| OllyGarden OllyGarden helps engineering teams improve the quality of logs, metrics and traces before they reach observability systems. | $4M | Seed | Developer tools · Germany | Dash0, Datadog, Grand Ventures, Next Frontier Capital, Dig Ventures, Grafana Labs, ACTAI Ventures | |
| THE PHAGE THE PHAGE develops personalized preventive-health services and AI models based on continuous glucose data. | ¥570M | Series A first close | Healthtech · Japan | Fukui Capital Partners, Shoko Chukin Bank, Tokio Marine & Nichido Fire Insurance, ITOCHU Technology Ventures (lead), Vision Incubate Co, Genesia Ventures | |
| illumion illumion develops optical instruments that show how individual battery particles behave during charging and discharging, helping researchers and manufacturers understand battery materials. | £1.7M | Seed follow-on | Industrial tech · United Kingdom | Parkwalk, Foresight Group (lead), YourVC, Cambridge Angels, ZEISS Ventures (lead), Cambridge Enterprise Ventures | |
| MUKA MUKA develops botanical spirits and an integrated farming and distillation business in Amakusa, Japan. | ¥80M | Loans and grant award | Foodtech · Japan | Kumamoto Bank, Japan Finance Corporation | |
| Autentic AI Autentic AI runs consumer and expert research through AI interviews and human analysis. | €1.5M | Pre-seed | AI · Spain | Baobab Ventures, Acurio Ventures, Lanai, Masia | |
| Ocean, Inc. Tax-refund software that helps Japanese retailers serve international shoppers and manage refund-based tax-free purchases. | Undisclosed | Series A second close | Travel tech · Japan | Shizuoka Capital Co., Ltd., KURONEKO Innovation Fund II (Yamato Holdings) | |
| Sava Technologies Sava Technologies develops wearable microsensors for continuous monitoring of molecules beneath the skin, starting with glucose. | $36M | Series B | Healthtech · United Kingdom | Ascensia Diabetes Care (lead), Pentland Ventures, JamJar Investments, Simplyhealth Ventures, Norrsken VC, Balderton Capital | |
| Oxide Computer Company Designs and manufactures integrated on-prem cloud computing systems | $445M | Series D | Hardware · United States | Eclipse (lead) | |
| TypeSafe AI Developer infrastructure that turns unstructured inputs into typed decisions and probability scores for automated software workflows. | $870M | Series A | AI · United States | Sequoia Capital, DCVC, Andreessen Horowitz (a16z) (lead) | |
| Ultra Robotics Warehouse robots that pack orders, sort items and assemble kits at existing workstations. | $50M | Series A | Robotics · United States | Framework Ventures (lead) | |
| RadioNano Therapeutics RadioNano Therapeutics develops boron-containing nanoparticle medicines for boron neutron capture therapy. | Undisclosed | Series B first close | Biotech · Japan | Mitsui Kinzoku, Innovation Kyoto 2021 Investment Limited Partnership | |
| eGaranti egaranti helps brands and retailers digitise warranty records and manage aftersales services and extended protection products. | $1.1M | Pre-Series A | Enterprise software · Turkey | Hedef Holding, Techpoint, AloqaVentures | |
| ASTRA FOOD PLAN ASTRA FOOD PLAN turns unused food materials into ingredients using its JOSEN processing equipment. | Undisclosed | Pre-Series B | Foodtech · Japan | Bugin Capital, Hanno Shinkin Chiiki Mirai Sozo Fund, KIBOW Social Investment Fund 3 (lead), NCB Venture Fund 2 | |
| SpectaCell SpectaCell develops cell analysis instruments that combine chip-based imaging and data analysis for drug development and manufacturing. | €6M | Seed | Biotech · Belgium | VIB, InnovationQuarter Capital, QBIC, imec.xpand (lead), Flanders Future Tech Fund | |
| One Trading One Trading operates a European derivatives venue with integrated trading, risk management and settlement. | Undisclosed | Strategic investment | Fintech · Netherlands | Nasdaq Ventures | |
| Yunige Yunige helps overseas consumer brands enter Japan through import compliance, logistics, ecommerce and retail support. | Undisclosed | Equity financing | Business services · Japan | Brand New Retail Initiative Fund | |
| Verso Consumer research software that turns interviews into a reusable knowledge base. | $6M | Seed | AI · France | Olympe Capital, 100IN, Roxanne Varza, Sharpstone Capital, Kima Ventures, Angular Ventures (lead) | |
| Waymo Waymo develops autonomous driving technology and operates a fully driverless ride-hailing service. | $5B | Term loan | Mobility · United States | Diameter Capital Partners, PIMCO (lead), Sixth Street (lead), Oaktree Capital Management, Blackstone (lead), Franklin Templeton, Apollo Global Management, Loomis Sayles, HPS Investment Partners, T. Rowe Price, Blue Owl Capital, Fidelity Management & Research Company, Capital Group | |
| Better Nutrition Better Nutrition sells biofortified staple foods through a seed-to-shelf business operated by GreenDay. | Undisclosed | Strategic investment | Foodtech · India | Varun Dhawan | |
| TrueLayer A European Pay by Bank network for accepting payments and making payouts. | $27M | Undisclosed | Fintech · United Kingdom | CDP Venture Capital Large Ventures Fund (lead) | |
| Oratomic Oratomic develops fault-tolerant quantum computers built from reconfigurable arrays of neutral atoms. | $475M | Series B | Hardware · United States | Bezos Expeditions (lead), Khosla Ventures (lead), Index Ventures (lead), General Catalyst (lead), ARCH Venture Partners (lead), Spark Capital (lead) |