Weekly · Monday, Oct 19 – Sunday, Oct 25, 2026

Weekly funding picks, 19–25 October: banking AI, machine monitoring and code validation

Picks for 19–25 October: Upstage’s ₩40bn first tranche, Tractian’s $130m industrial-monitoring round and Greptile’s $50m for code validation.

Jeonbuk Bank, Kwangju Bank and JB Woori Capital signed a ₩40 billion investment agreement with Upstage on October 20, securing an approximately 2% stake for JB Financial Group. This is the first tranche of its Series C-2, with further investment planned. The partners intend to develop financial-services AI agents and automate document processing and reviews.

Upstage financing

22 October · Tractian raises $130m for industrial monitoring

Tractian announced a $130 million Series D on October 22 led by Sapphire Ventures and co-led by M&G Catalyst, at a $1.4 billion valuation. The company combines field sensors with AI to monitor critical industrial equipment. Its platform brings vibration, ultrasound, current and temperature signals into a unified view for maintenance teams.

Tractian financing

19 October · Greptile raises $50m for code validation

Menlo Ventures led Greptile’s $50 million Series B announced on October 19 at a $750 million valuation. The company develops automated review and testing for software changes. Greptile says it reviews and tests more than 1% of GitHub pull requests daily, acting as an independent validation layer for teams using multiple coding agents.

Greptile financing

The three financing records

Sources

  1. jbfg.com ↗
  2. tractian.com ↗
  3. greptile.com ↗

All rounds in this edition

All funding rounds in this edition
CompanyAmountRoundSector · countryInvestorsDate
So/Facet

Indian jewellery brand designing pieces with lab-grown diamonds for online and physical retail.

₹100MSeedConsumer · IndiaDevaiah Bopanna, Kedar Lele, Sauce (lead), Navin Parwal, Sangeet Agrawal
C1 Green Chemicals

C1 Green Chemicals develops catalysts and reactors for producing green methanol from non-fossil feedstocks.

€13.3MSelected for grant agreement preparationClimate tech · GermanyEU Innovation Fund
Flying Whales

Flying Whales develops heavy-lift cargo airships for moving large loads to sites with limited transport infrastructure.

UndisclosedSelected for grant agreement preparationLogistics · FranceEU Innovation Fund
Town

Town is a personal AI assistant that works across email, calendars, documents and messaging to handle tasks in a user’s connected tools.

$108MSeries BAI · United StatesPrecedent.vc, First Round Capital, Menlo Ventures (lead), Sparked Ventures, Varun Anand, Better Tomorrow Ventures, Scott Belsky, Serena Ventures, Brendan Foody, Scribble Ventures, Forerunner Ventures (lead), Taro Fukuyama, Andreessen Horowitz (a16z), Romain Huet, Steve Bartel, Josh Silverman
Remolonas

Remolonas sells food that has lost its usual commercial outlet through personalised subscriptions and online orders.

UndisclosedAnnounced financingFoodtech · SpainClave Capital
Nouscom

Clinical-stage biotech developing neoantigen-based cancer immunotherapies.

€120MSeries DBiotech · SwitzerlandIndaco Ventures SGR, Bpifrance, M Ventures (lead), Xgen Ventures, Panakès Partners, European Investment Bank, 5AM Ventures, Angelini Ventures, Andera Partners, Revelation Partners (lead), CDP Venture Capital, Neva SGR, EQT Life Sciences, Angelini Investments, Versant Ventures
Linkener

Spanish energy technology company helping businesses measure consumption, validate bills and put energy-saving projects into operation.

€7.5MEquity fundingClimate tech · SpainKlima I (lead), GoHub Ventures
Orbital Systems

Orbital Systems develops circular-water products that reduce water and energy use in buildings.

UndisclosedSelected for grant agreement preparationClimate tech · SwedenEU Innovation Fund
ChipChip

A social buying platform connecting Ethiopian households and business buyers with farmers and suppliers.

UndisclosedInvestmentAgritech · EthiopiaDigital Africa
WHILL

WHILL develops personal mobility devices and autonomous mobility services for short-distance travel.

UndisclosedBond-type preferred shares — mezzanineMobility · JapanShoko Chukin Bank
Alice

Alice provides employer-sponsored health insurance and coordinated primary care in Brazil.

$40MSeries DHealthtech · BrazilThornTree Capital Partners, Kaszek Ventures, Finnfund, International Finance Corporation (lead), Canary, DEG
Impossible Cloud

Impossible Cloud provides cloud storage and AI infrastructure from European data centres, giving businesses access to S3-compatible storage, GPU computing and managed inference.

UndisclosedStrategic investmentEnterprise software · GermanyG+D Ventures
NOVUS

NOVUS designs and manufactures lightweight electric motorcycles with carbon-fibre frames for urban travel.

UndisclosedUndisclosedMobility · Germany468 Capital (lead)
The Pant Project

Indian menswear brand selling trousers and adjacent clothing through online channels and physical stores.

UndisclosedVenture debtConsumer · IndiaAlteria Capital
Sirona Technologies Norway AS

Sirona Technologies Norway AS coordinates Project Furu, a modular direct-air-capture and carbon-storage project in Øygarden.

≤€9.1MSelected for grant agreement preparationClimate tech · NorwayEU Innovation Fund
Cemvision

Cemvision develops low-carbon cement using industrial by-products and electrified production.

≤€27.5MSelected for grant agreement preparationClimate tech · SwedenEU Innovation Fund
Rebill

Payment infrastructure that helps businesses accept local payment methods and manage money across the Americas.

$5.4MPre-Series AFintech · ArgentinaGuillermo Rauch
Nabta Health

Nabta Health combines digital, at-home and clinical care with preventive screening and AI-supported care navigation.

UndisclosedPre-Series A second closeHealthtech · United Arab EmiratesPhoenix Venture Partners Limited (lead)
Go Eve

Go Eve develops DockChain, a system that lets multiple parked electric vehicles share one DC fast charger.

UndisclosedUndisclosedMobility · United KingdomInnovate UK
Enzo Ventures Fund II

Enzo Ventures Fund II backs pre-seed startups founded by entrepreneurs from Southern Europe and its diaspora.

UndisclosedFund II commitments; final close ongoingBusiness services · Spain
GreenIron

GreenIron recovers metals from oxidised industrial residues using hydrogen-based reduction.

UndisclosedSelected for grant agreement preparationClimate tech · SwedenEU Innovation Fund
Hunar.AI

Voice AI for recruiting and managing frontline employees.

₹400MSeries AAI · IndiaAlakh Pandey, Hyderabad Angels Fund, Blume Ventures (lead), Seedstars, Aditya Vuchi, Together Fund, AVNM Ventures, Prateek Maheshwari
CoComply

CoComply helps organisations identify, classify and govern external workers across contractors, agencies and supplier agreements.

£1.9MUndisclosedEnterprise software · United KingdomRichard Law, Stephen Cann, Haatch (lead), Seb Timpson, NPIF II – Mercia Equity Finance (lead)
Refinis UAB

Refinis UAB develops catalyst-recycling and precious-metal recovery operations in Lithuania.

UndisclosedSelected for grant agreement preparationClimate tech · LithuaniaEU Innovation Fund
Marble Cognition

Marble Cognition builds AI coworkers by first mapping how teams perform their work.

$3.8MPre-seedAI · GermanySeedcamp (lead), Heartcore Capital (lead)
The Pant Project

Indian menswear brand selling trousers and adjacent clothing through online channels and physical stores.

₹1.1BSeries B equityConsumer · IndiaSorin Investments, MGA Ventures, Hyperscale Ventures, B&K Securities, B2V Ventures, Mirae Asset Venture Investments (India) (lead)
XFuel

XFuel develops processes that convert waste liquids and biomass into low-carbon transport fuels and related products.

UndisclosedSelected for grant agreement preparationClimate tech · IrelandEU Innovation Fund
SoVa

An accounting service that combines specialist staff and software to run small businesses' bookkeeping and back-office work.

UndisclosedFollow-on equity and bonds with warrantsBusiness services · JapanChugin Infinity Fund No. 2, Chugin Infinity Fund No. 3
Rezzil

Rezzil turns sports movement data into training tools, broadcast visuals, fan experiences and games.

$10MStrategic fundingMedia & gaming · United KingdomSimba Investments, Jobe Bellingham (lead), Phil Kenyon
ICODOS

ICODOS develops integrated carbon-capture and e-methanol production technology for transport fuels and chemical feedstocks.

UndisclosedSelected for grant agreement preparationClimate tech · GermanyEU Innovation Fund