Scheduled Shipment #47

$615 million raised across 31 startups, Blue Bear Capital raises $160M to back industrial tech startups, Italian energy company Enel goes nuclear, Defense tech funding hits $3 billion in 2024

Blue Bear Capital

Happy Friday!

What do you all think about nuclear energy? Tons of funding going into fusion startups (Tokamak raised $125 million this week). Is it a sustainable/green energy source or a network of bombs vulnerable to weaponization? Reply with your thoughts!

$615 million raised this week across industrial tech 31 startups.

Let’s dig in.

Looking for intros to customers / investors / founders? Get in touch.

Top News

Blue Bear Capital raised $160 million fund 3 to back AI founders in climate, energy, and industrials.

Italian energy giant Enel enters the nuclear arena, announcing new partnership with Ansaldo.

Defense tech funding hits almost $3 billion so far in 2024, surpassing $2.6 billion in 2022.

Massive Fundings

Tokamak Energy, a 15-year-old Abingdon, UK startup that provides fusion energy, raised a $125.0 million financing led by East X Ventures and Lingotto Investment Management with participation from British Patient Capital, BW Group, Furukawa Electric Company, and Sabanci Climate Ventures. More here.

OpenAirlines, an 18-year-old Toulouse, France startup that provides an AI-powered platform for airlines to save fuel, raised a $48.7 million financing led by Eiffel Investment Group with participation from Mirova. More here.

OneRail, a 6-year-old Orlando, FL startup that provides a last-mile delivery platform, raised a $42.0 million Series C led by Aliment Capital. More here.

Roboflow, a 4-year-old Des Moines, IA startup that provides a computer vision application development platform, raised a $40.0 million Series B led by GV with participation from Craft Ventures, Y Combinator, Guillermo Rauch, Jeff Dean, and Amjad Masad. More here.

Lightyear, a 5-year-old Albany, NY startup that provides a procurement and inventory management platform for telecom customers, raised a $31.2 million Series B led by Altos Ventures with participation from Ridge Ventures, Zigg Capital, Susa Ventures, and Amplo. More here.

CellPoint, a 17-year-old London, United Kingdom startup that provides a payment platform for airlines, raised a $30.0 million financing led by Toscafund Asset Management and Penta Capital. More here.

UniUni, a 5-year-old Richmond, Canada startup that provides last-mile logistics for ecommerce brands, raised a $30.0 million Series C2 led by Bessemer Venture Partners. More here.

Ample, a 10-year-old San Francisco, CA startup that provides an electric vehicle battery swapping platform, raised a $25.0 million financing from Mitsubishi. More here.

Prokeep, an 8-year-old New Orleans, LA startup that provides a customer communication platform for distributors, raised a $25.0 million Series A led by Dahlia Equity Partners with participation from Ironspring Ventures, S3 Ventures, and Benson Capital Partners. More here.

Mid-Size Fundings

EarthOptics, a 6-year-old Arlington, VA startup that provides a soil measurement and mapping platform, raised a $24.0 million financing led by Conti Ventures and The Production Board with participation from Cibus Capital, RuralWorks Partners, Norinchukin Bank, Leaps by Bayer, S2G Ventures, VTC Ventures, Cooperative Ventures, iSelect Fund, Serra Ventures, TO VC, Route 66 Ventures, Shell Ventures, Pappas Capital, CNH Ventures, and Rabo Ventures. More here.

Class8, a 10-year-old Toronto, Canada startup that provides an OEM-integrated fleet optimization platform, raised a $22.0 million Series A led by Xplorer Capital. More here.

Teleo, a 5-year-old Palo Alto, CA startup that provides a supervised autonomy platform for heavy equipment, raised a $16.2 million Series A Extension led by UP.Partners with participation from Triatomic Capital, F-Prime Capital, and Trucks Venture Capital. More here.

Podium, a 2024-founded Singapore startup that provides a construction design platform, raised a $15.2 million Series A-1 led by Autodesk with participation from Schindler. More here.

BrightAI, a 5-year-old San Francisco, CA startup that provides a physical asset monitoring platform, raised a $15.0 million Seed led by Upfront Ventures. More here.

Cogna, a 1-year-old London, UK startup that provides an ERP platform for industrial customers, raised a $15.0 million Series A led by Notion Capital with participation from Hoxton Ventures and Chalfen Ventures. More here.

Keychain, a 1-year-old New York, NY startup that provides a manufacturing partner discovery platform for CPG companies, raised a $15.0 million Series A led by BoxGroup with participation from General Mills, Schreiber Foods, Lightspeed Venture Partners, and SV Angel. More here.

Echion Technologies, a 7-year-old Sawston, United Kingdom startup that develops fast-charging battery materials, raised a $12.6 million financing led by Barclays Sustainable Impact Capital and BGF. More here.

Tozero, a 2-year-old Munich, Germany startup that provides a battery recycling platform, raised an $11.7 million Seed led by NordicNinja with participation from In-Q-Tel, Honda, and JGC Group. More here.

Flipturn, a 2-year-old New York, NY startup that provides a charging management solution for EV fleets, raised an $11.0 million Series A led by CRV with participation from Accel. More here.

Vecmocon Technologies, an 8-year-old New Delhi, India startup that provides an intelligence platform for electric vehicles, raised a $10.0 million Series A led by Ecosystem Integrity Fund with participation from Blume Ventures and British International Investment. More here.

Four Growers, a 7-year-old Turtle Creek, PA startup that provides produce-harvesting robots for greenhouses, raised a $9.0 million Series A led by Basset Capital with participation from Y Combinator and Ospraie Ag Science. More here.

Kodiak Hub, a 9-year-old Stockholm, Sweden startup that provides a supplier relationship management platform, raised a $6.5 million financing from Oxx. More here.

Portcast, a 7-year-old Singapore startup that provides a real-time transportation visibility and predictive insights platform, raised a $6.5 million Series A led by Susquehanna Asia VC with participation from Hearst Ventures, Signal Ventures, Wavemaker Partners, TMV, and Innoport. More here.

Locad, a 4-year-old Singapore startup that provides a fulfillment platform for ecommerce brands, raised a $9.0 million Pre-Series B led by Global Ventures and Reefknot Investments with participation from Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit. More here.

Smaller Fundings

Blitz, a 4-year-old Gurgaon, India startup that provides a last-mile delivery platform, raised a $4.8 million Series A led by IvyCap Ventures with participation from India Quotient, Alteria Capital, Ramesh Bafna, Vinit Gautam, Amitabh Suri, and Arvind Fashion. More here.

Continuum, a 1-year-old Chicago, IL startup that provides a reverse logistics platform, raised a $4.1 million Seed led by Cowboy Ventures with participation from M25, Clocktower Ventures, and Cambrian Ventures. More here.

Allume Energy, a 9-year-old Melbourne, Australia startup that provides a solar energy platform for multifamily apartments, raised a $3.8 million grant from the Australian Industry Growth Program. More here.

Scannable, a 4-year-old Wānaka, New Zealand startup that provides a safety equipment management system, raised a $3.0 million financing led by DCM. More here.

Raven Space Systems, a 4-year-old Kansas City, MO startup that produces 3D-printed aerospace composites, raised a $2.0 million Pre-Seed led by Backswing Ventures with participation from 46 Venture Capital, Mana Ventures, What If Ventures, and Cape Fear Ventures. More here.

Secai Marche, a 6-year-old Tokyo, Japan startup that provides a farm-to-table marketplace, raised a $1.6 million Series A led by Mitsui Sumitomo Insurance Venture Capital. More here.

Solarbox, a 2-year-old Dakar, Senegal startup that provides solar-powered, electric commercial vehicles, raised a $1.0 million Pre-Seed led by Digital Energy Facility, Launch Africa, JLL Foundation, and Teranga Capital. More here.

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