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 financing22 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 financing19 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 financingThe three financing records
Sources
All rounds in this edition
| Company | Amount | Round | Sector · country | Investors | Date |
|---|---|---|---|---|---|
| So/Facet Indian jewellery brand designing pieces with lab-grown diamonds for online and physical retail. | ₹100M | Seed | Consumer · India | Devaiah 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. | €13.3M | Selected for grant agreement preparation | Climate tech · Germany | EU Innovation Fund | |
| Flying Whales Flying Whales develops heavy-lift cargo airships for moving large loads to sites with limited transport infrastructure. | Undisclosed | Selected for grant agreement preparation | Logistics · France | EU 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. | $108M | Series B | AI · United States | Precedent.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. | Undisclosed | Announced financing | Foodtech · Spain | Clave Capital | |
| Nouscom Clinical-stage biotech developing neoantigen-based cancer immunotherapies. | €120M | Series D | Biotech · Switzerland | Indaco 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. | €7.5M | Equity funding | Climate tech · Spain | Klima I (lead), GoHub Ventures | |
| Orbital Systems Orbital Systems develops circular-water products that reduce water and energy use in buildings. | Undisclosed | Selected for grant agreement preparation | Climate tech · Sweden | EU Innovation Fund | |
| ChipChip A social buying platform connecting Ethiopian households and business buyers with farmers and suppliers. | Undisclosed | Investment | Agritech · Ethiopia | Digital Africa | |
| WHILL WHILL develops personal mobility devices and autonomous mobility services for short-distance travel. | Undisclosed | Bond-type preferred shares — mezzanine | Mobility · Japan | Shoko Chukin Bank | |
| Alice Alice provides employer-sponsored health insurance and coordinated primary care in Brazil. | $40M | Series D | Healthtech · Brazil | ThornTree 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. | Undisclosed | Strategic investment | Enterprise software · Germany | G+D Ventures | |
| NOVUS NOVUS designs and manufactures lightweight electric motorcycles with carbon-fibre frames for urban travel. | Undisclosed | Undisclosed | Mobility · Germany | 468 Capital (lead) | |
| The Pant Project Indian menswear brand selling trousers and adjacent clothing through online channels and physical stores. | Undisclosed | Venture debt | Consumer · India | Alteria Capital | |
| Sirona Technologies Norway AS Sirona Technologies Norway AS coordinates Project Furu, a modular direct-air-capture and carbon-storage project in Øygarden. | ≤€9.1M | Selected for grant agreement preparation | Climate tech · Norway | EU Innovation Fund | |
| Cemvision Cemvision develops low-carbon cement using industrial by-products and electrified production. | ≤€27.5M | Selected for grant agreement preparation | Climate tech · Sweden | EU Innovation Fund | |
| Rebill Payment infrastructure that helps businesses accept local payment methods and manage money across the Americas. | $5.4M | Pre-Series A | Fintech · Argentina | Guillermo Rauch | |
| Nabta Health Nabta Health combines digital, at-home and clinical care with preventive screening and AI-supported care navigation. | Undisclosed | Pre-Series A second close | Healthtech · United Arab Emirates | Phoenix Venture Partners Limited (lead) | |
| Go Eve Go Eve develops DockChain, a system that lets multiple parked electric vehicles share one DC fast charger. | Undisclosed | Undisclosed | Mobility · United Kingdom | Innovate UK | |
| Enzo Ventures Fund II Enzo Ventures Fund II backs pre-seed startups founded by entrepreneurs from Southern Europe and its diaspora. | Undisclosed | Fund II commitments; final close ongoing | Business services · Spain | ||
| GreenIron GreenIron recovers metals from oxidised industrial residues using hydrogen-based reduction. | Undisclosed | Selected for grant agreement preparation | Climate tech · Sweden | EU Innovation Fund | |
| Hunar.AI Voice AI for recruiting and managing frontline employees. | ₹400M | Series A | AI · India | Alakh 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. | £1.9M | Undisclosed | Enterprise software · United Kingdom | Richard 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. | Undisclosed | Selected for grant agreement preparation | Climate tech · Lithuania | EU Innovation Fund | |
| Marble Cognition Marble Cognition builds AI coworkers by first mapping how teams perform their work. | $3.8M | Pre-seed | AI · Germany | Seedcamp (lead), Heartcore Capital (lead) | |
| The Pant Project Indian menswear brand selling trousers and adjacent clothing through online channels and physical stores. | ₹1.1B | Series B equity | Consumer · India | Sorin 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. | Undisclosed | Selected for grant agreement preparation | Climate tech · Ireland | EU Innovation Fund | |
| SoVa An accounting service that combines specialist staff and software to run small businesses' bookkeeping and back-office work. | Undisclosed | Follow-on equity and bonds with warrants | Business services · Japan | Chugin Infinity Fund No. 2, Chugin Infinity Fund No. 3 | |
| Rezzil Rezzil turns sports movement data into training tools, broadcast visuals, fan experiences and games. | $10M | Strategic funding | Media & gaming · United Kingdom | Simba Investments, Jobe Bellingham (lead), Phil Kenyon | |
| ICODOS ICODOS develops integrated carbon-capture and e-methanol production technology for transport fuels and chemical feedstocks. | Undisclosed | Selected for grant agreement preparation | Climate tech · Germany | EU Innovation Fund |