Our weekly review of the best startup deals from November 7th has to start with Enode capital raise. The german startup completed a $15M Series A round. It is the largest deal of this week.
Equally impressive were the rounds completed by Apheris and Airly. These companies were not the only ones raising capital this week: since November 7th other sustainable startups closed more deals. The startup from our selection raised over $34M. Let’s see who they are and what they are working on.
Sustainable startup deals – November 7th
Monday – LiNa Energy
British startup LiNa Energy raised $3.4M in its late seed round. All the investors that joined this round have previously invested in LiNa. The startup, a spinout of Lancaster University, produces low-cost energy storage solutions.
Specifically, LiNa is developing a solid-state sodium battery that could be much safer than traditional lithium-ion batteries. The company will use these funds to further test the technology and begin a path to commercialize its batteries.
Tuesday – Apheris
Apheris is a deeptech German startup. It just raised $8.7M in a round led by Octopus Ventures. The company is on a mission to tackle the world’s biggest challenges by using data. Currently, companies from different sectors gather tons of data. Because of privacy and companies’ policies, those data are never exchanged.
Apheris aims to create a decentralized platform where those data could be exchanged across industries, companies, and borders without compromising the privacy and the ownership of the data. As you can imagine thanks to this collaborative approach many solutions to some of the world’s most difficult challenges could be found.
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Wednesday – Embue
Embue, a US-based startup, announced its $2.3M seed round on Wednesday. The round was led by Shadow Ventures, with participation from Avesta Fund, Leder Investments, Julie Raymond, and Robert Sheppard.
Embue is working to make buildings more energy and operationally efficient and will use these funds to further develop its platform. Embue platform is an ideal solution to make every building smart, to reduce energy consumption, and carbon emissions.
Thursday – Enode
Enode raised $15M in its Series A round. The round was led by Creandum with the participation of Lowercarbon Capital, BoxGroup, MCJ Capital, Skyfall Ventures, and other angel investors. The company will use these funds to further develop its digital infrastructure for sustainable energy.
One of the greatest challenges when using renewables is to optimize energy consumption. Enode technology could be integrated with EV chargers, thermostats, solar inverters, and other energy hardware and can help users understand and optimize their energy usage.
Friday – Airly
Airly is a Polish – British cleantech startup that monitors air quality. The company raised $5.5M this week and the round was led by firstminute capital and Pi Labs.
Currently, air pollution affects over 91% of the world’s population. Thanks to Airly users will be able not only to find out the air quality in their area but also to provide data thanks to sensors that are available to buy on the app. Furthermore, Airly is planning to add more integration between the air quality monitoring function on the app, and the healthcare section. Users will be able to understand in what ways bad air quality could affect directly their health.
Editor’s Note: The opinions expressed here by Impakter.com columnists are their own, not those of Impakter.com –In the Featured Photo: Buildings and bad air quality. Photo credit: Unsplash.
