Weekly funding picks, November 2–8: three energy deals
Return finances German grid batteries, Candi Solar signs a facility for Indian businesses, and 6K gets a conditional loan offer for a Tennessee cathode plant.
Return secured €835 million in portfolio financing on November 4, underwritten by Deutsche Bank and Rabobank. The framework lets it finance several German storage sites under one agreement. The first three, totalling 117 MW, are already under construction. Energy companies can contract for capacity across the sites without owning a battery themselves.
Candi Solar’s customers can buy power without buying panels
On November 5, Candi Solar signed a $50 million financing partnership with Pentagreen Capital, which manages the Green Investments Partnership. It targets approximately 400 MWp of solar and storage projects in India. Candi builds and operates the installations; business customers pay for the electricity generated rather than funding a system upfront.
6K gets a conditional loan offer for a Tennessee cathode plant
On November 5, the US Office of Strategic Capital conditionally committed up to $250 million for 6K’s proposed plant in Jackson, Tennessee. Final financing and disbursement depend on appropriations, due diligence and other approvals. The plant would use microwave plasma to make cathode material for lithium-ion batteries.
The three financing announcements
Sources
All rounds in this edition
| Company | Amount | Round | Sector · country | Investors | Date |
|---|---|---|---|---|---|
| Tallia Tallia provides AI research, drafting and review tools for tax advisers and accountancy firms. | $4.5M | Seed | Enterprise software · United Kingdom | Institute of Chartered Accountants in England and Wales (lead), Angus Miln, Paul Forster, Portfolio Ventures, Expedite Capital, Outward VC (lead) | |
| fal fal provides model APIs and GPU infrastructure for developers building image, video and audio generation into applications. | Undisclosed | Series E (closed earlier in 2026; disclosed November 3) | AI · United States | Sequoia Capital (lead) | |
| GIVA GIVA sells silver, gold and lab-grown diamond jewellery through its online shop and physical stores. | Undisclosed | Primary and secondary equity transaction | Consumer · India | Multiples Alternate Asset Management (lead), Edelweiss Discovery Fund, Epiq Capital | |
| Rise of Fearless Rise of Fearless is a free-to-play mobile battle royale game that brings African history, landscapes and storytelling into competitive multiplayer combat. | $1M | SAFE | Media & gaming · United Arab Emirates | Epic Edges Capital | |
| Viridi Viridi develops catalysts that help chemical manufacturers use captured carbon dioxide and improve production processes. | £2.2M | Undisclosed | Climate tech · United Kingdom | TOP Ventures, Alphatron, Odyssey Ventures (lead) | |
| Granter Granter provides an AI grant consultant that matches organisations with funding programmes, drafts applications and manages reporting after approval. | €1.6M | Undisclosed | Enterprise software · Portugal | Impact Innovation Fund (lead), Celtis Venture Partners, Gateway Ventures, Bracken Darrell, Deel | |
| 1nhaler 1nhaler develops a compact, single-dose dry powder inhaler made predominantly from cardboard. | £2.2M | Follow-on funding | Healthtech · United Kingdom | BBB Investments, Scottish Enterprise, Archangels (lead) | |
| Hardt Hyperloop Hardt Hyperloop develops magnetic levitation, propulsion and lane-switching systems for low-pressure tube transport. | Undisclosed | Investment round | Mobility · Netherlands | Green Rock (lead), Urban Impact Ventures, Perpetuum Ventures | |
| Unitoq Unitoq is developing a platform for fractional investment in residential property. | €155K | Pre-seed | Proptech · Latvia | ||
| Tumbleweed Tumbleweed provides modular payload containers and orbital missions so laboratories and manufacturers can run research in microgravity. | €6.9M | Seed | Space tech · Austria | EWOR, Pact (lead), Vanagon Ventures, Prototype Capital | |
| Vitroscope Vitroscope builds laboratory platforms that keep living tissue under controlled fluid flow for drug discovery and disease research. | $5M | Seed | Biotech · Norway | Arcas Ventures, YZR Capital (lead), Golden Egg Check, Oskari Pétas, Fàtima Godall, Cerberus Ventures (lead), Carles Reina, Devico Invest | |
| Journify Journify connects and improves customer conversion data used by performance marketers and advertising platforms. | $12M | Series A | Enterprise software · United States | Du Ventures, Bunat Ventures, Oraseya Capital, Silicon Badia (lead), Shorooq, Al Mada Ventures (lead) | |
| Apolarion Apolarion develops plasma-based seed treatments that remove pathogens using air and electricity. | CHF 100K | Venture Kick stage 3 | Agritech · Switzerland | Venture Kick | |
| Moffett AI Develops sparse-computing AI chips, accelerator cards and software for running model inference. | ~CN¥1B | Funding round | Hardware · China | Dongheng Petroleum, Haitang Fund, Paila Capital, Renai Capital, Zhongcai Capital, Biqiu Capital | |
| Nanochap Develops retinal and cortical brain-computer interfaces that use electrical stimulation to create artificial visual perception. | CN¥500M | Series C+ | Healthtech · China | Danhe Capital, Hangzhou Chantou Group, Gaorong Ventures (lead), Dongfang Jiafu, PICC Capital Equity Investment, Legend Capital, C&D Emerging Industry Equity Investment, Monolith Capital | |
| Conlio Conlio automates freight document checks, invoice auditing and payment workflows for logistics businesses. | €6.4M | Undisclosed | Logistics · Germany | Yellow, F-LOG, Piton Capital (lead), Haufe Group Ventures, Booom, Wave-X, Puzzle Ventures, System.One | |
| Tutor Intelligence Tutor Intelligence develops and deploys robots for material handling in factories and warehouses, combining its own hardware, foundation models and remote human support. | $75M | Series B | Robotics · United States | Union Square Ventures, Andreessen Horowitz (a16z) (lead), Neo | |
| bellFace bellFace develops bellSalesAI, an AI sales assistant that turns business conversations into structured CRM data. | Undisclosed | Loan financing | AI · Japan | Startup Debt Fund II | |
| GPN Vaccines GPN Vaccines develops bacterial vaccines designed to protect against a broader range of strains than conventional serotype-specific vaccines. | $10M | Private placement | Biotech · Australia | ||
| Flag Flag provides digital marketing and creative services for the entertainment industry. | Undisclosed | Strategic investment | Media & gaming · Japan | Tokyu Corporation | |
| Northwood Space End-to-End Ground Infrastructure Provider For Space Missions. | $375M | Series C | Space tech · United States | DFJ Growth (lead), Andreessen Horowitz (a16z) (lead) | |
| HAKKI GROUP HAKKI GROUP provides vehicle finance and fleet services to ride-hailing drivers in emerging markets. | Undisclosed | Loan financing | Fintech · Japan | Startup Debt Fund II | |
| BionicM BionicM develops powered prosthetic legs that use robotics to assist movement for people with lower-limb amputations. | ¥710M | Series B first close | Healthtech · Japan | B Dash Ventures, Mitsubishi UFJ Capital Co., Ltd. | |
| Octopath AI Develops AI tools that count, classify and score cells in tissue slides for pathology and cancer research. | £1.5M | Seed investment and matched grant | Healthtech · United Kingdom | Twin Path Ventures (lead), Innovate UK | |
| MI Company MI Company is the Japanese holding company for Mediagene and Infobahn, spanning digital publishing and communications services. | Undisclosed | Strategic investment | Media & gaming · Japan | Jiji Press, News2u Holdings, Felissimo, Capital Digital, U.S.I. | |
| Sortrace Sortrace turns images captured during waste collection into data that helps improve sorting and recycling. | SEK 8M | Pre-seed | Climate tech · Sweden | Almi Invest (lead), Antler, Gorilla Capital | |
| Lingshu Zhifu Lingshu Zhifu develops flexible tactile sensing materials for robotics and consumer electronics. | Undisclosed | Angel | Hardware · China | Oriza Holdings | |
| Percent Labs Percent Labs develops delivery-focused food brands that share cloud kitchens, product development, marketing and operations. | Undisclosed | Seed | Foodtech · Syria | ||
| Larridin Larridin measures enterprise AI usage, costs and work outcomes across employees and agents. | $30M | Series A | Enterprise software · United States | W23 Global, DG Daiwa Ventures, Andreessen Horowitz (a16z), Pelion Venture Partners (lead), Alumni Ventures, BYU Cougar Capital, GFT Ventures, Gradient Ventures, Thayer Ventures | |
| Next Bharat Venture Fund-2 Next Bharat Venture Fund-2 is an Indian impact investment fund backing businesses in rural supply chains, financial inclusion and healthcare. | Undisclosed | LP commitment | Fintech · India | Hakuhodo DY Holdings |