👀 ClimateHack Vol 99: This 2-year old Climate Tech just raised 114M+

Hi There,

With two weeks out from the HackSummit, we’re lifting the veil on the 60 selected startups who will be in the spotlight at the startup fair.

The showcasing companies span across 10 diverse verticals, featuring technologies like CO2 mineralisation, shipping decarbonisation, real-time biodiversity MRV and district heating infrastructure.

With less than 80 tickets remaining, it’s high time you grab one of the final passes. Use code nevertoolate for a cheeky 20% discount.

In Today’s Edition;

💰 Germany’s Cloover raised $114M in debt and equity to help solar installers finance new sales.
📊 Sweden’s Doconomy, raised €34M for its suite of tools for banks to help their clients measure the CO2 footprint.
🇺🇸 Clean Energy Ventures raised €281M in new capital to support early-stage climate innovators across North America, Europe and Israel.

AgriFood x Climate

🍅 Iyris raised $16 million Series A funding to make fresh produce easier to grow in difficult climates. Its flagship tech involves adding an additive to polyethylene manufacturing, which blocks near-infrared radiation, significantly reducing heat while allowing photosynthetically active radiation, meaning farmers can reduce cooling costs, water usage, and electricity consumption.

🏭 Germany’s Kynda broke ground on a large-scale facility near Hamburg where it will produce 2,500 tons of its mycoprotein product, Kynda Meat, each year.

🇨🇦 Protein Industries Canada is partnering with Lupin Platform, PURIS Holdings, and YOSO Canada to invest $6.2 million in the country’s lupin protein industry.

🇦🇺 The government of Victoria, Australia, is launching a $1 million grants program for agtech startups in the region, offering $50,000 to companies driving innovation and adaptation in the agriculture sector.

Biodiversity x Climate

🌳 Swedish startup Nordluft Automation secured investment from Södra Ädla and EIT InnoEnergy for its drone technology, designed to support forest fertilisation and the spreading of bioash within the forestry sector. 

❄️ Researchers at the University of California, Irvine have found evidence of the intrusion of warm, high-pressure seawater beneath the grounded ice of West Antarctica's Thwaites Glacier.

Carbon x Climate

🛰 Berlin-based Seqana raised €2.1 million, in a seed funding round led by High-Tech Gründerfonds and Counteract, for its SaaS platform which uses satellite imagery to measure the climate impact of carbon farming projects.

👀 These are the 13 selected carbon focussed speakers of the HackSummit in June, including the CEOs of Plan A, UNDO, EARTH AI and more.

Chemicals x Climate

🧬 Nextmol, a spinout from the Barcelona Supercomputing Centre, secured investment to use molecular modelling and AI to accelerate the design of best-in-class and more sustainable chemicals.

☀️ New research, published in npj Materials Sustainability, details a new method integrating solar thermal energy-assisted direct air capture technology with the production of green methanol.

LCA x Climate

🔎 French startup Vizcab raised an additional €4.5 million in Series A funding, bringing its total round to €9 million, for its SaaS Life Cycle Assessment platform that enables construction project stakeholders to develop net-zero building strategies, and meet environmental regulations and carbon budgets.

Energy x Climate

💰 Cloover raised $108.5 million in debt alongside a $5.5 million seed funding round led by Lowercarbon Capital to help solar installers finance new sales. Its software connects installers, prosumers, manufacturers, energy providers, and investors to provide a “one-click worry free access to renewable energy”.

🔋 Relectrify, based in Australia, secured $11 million in a funding round led by At One Ventures. It will use the funds to deploy demonstration-scale projects for its “CellSwitch” technology, which allows each cell in a battery to be turned on and off individually, extending the operational life of a battery system by up to 30%.

🔌 Prague-based Delta Green secured €2.2 million to develop technologies and software solutions to make flexible electricity consumption accessible to households, promote renewable energy sources, and help to reduce emissions from power plant operations.

⚡️ Swedish startup Eneryield raised an undisclosed amount of seed funding to help predict domestic power outages. Its tech uses machine learning to forecast and identify faults in electrical systems, and integrates into existing power networks without requiring additional hardware.

Fintech x Climate

📊 Doconomy, based in Sweden, raised €34 million Series B funding. It offers a suite of tools for banks to help their clients measure the CO2 footprint of their transactions, driving positive impact on a global scale.

Mobility x Climate

🚌 British electric vehicle fleet and battery storage services provider Zenobē raised $522.7 million to accelerate the rollout of electric buses across the UK.

🔌 Paris-based Electra secured €75 million in the form of a green loan to expand its network of fast-charging EV stations across Belgium, as it works to meet its goal of installing 15,000 charging points across Europe by 2030.

🛵 Indian startup Zypp Electric secured investment from Japanese oil and energy conglomerate ENEOS to take its EV rental service into Southeast Asia early next year, with the aim of expanding to 15 markets over the next two years.

🛩 Archer Aviation is partnering with Kakao Mobility to bring electric air taxi flights to South Korea in 2026. It will use Archer’s Midnight electric vertical takeoff and landing aircraft to offer air taxi rides to its 30 million app users, starting in Seoul. 

🛢 PepsiCo is expanding its use of hydrotreated vegetable oil, derived from used cooking oil, in its trucks across its supply chain, in a move that is expected to reduce its greenhouse gas emissions by an additional 13,000 tonnes by the end of this year.

Funds x Climate

🇺🇸 Clean Energy Ventures closed its oversubscribed second flagship fund with €281 million to support early-stage climate innovators across North America, Europe and Israel, including the likes of long-duration energy storage company Noon Energy and UK-based sustainable aviation fuel company OXCCU. 

🐟 Sustainable aquaculture investor Hatch Blue secured $10 million for its second fund, with which it will support companies focused on ocean technology, aquaculture, and blue carbon. Its portfolio so far includes shellfish breeding services startup Pacific Hybreed, and GreenSage Probiotics, which is focused on the development and application of prebiotics from coconut for aquaculture.

🇬🇧 UK-based Cambridge Future Tech secured $5 million to support early-stage deeptech startups in developing their businesses to attract venture capital.

Community x Climate

🇺🇸 Here's what happened at ClimateHack NYC earlier this week on the built environment.

Join the upcoming ClimateHack Meetups happening in :

🇬🇧 London - 4th June, Carbon capture, utilisation and the balance of engineered circularity. Register here.

🇮🇱 Tel Aviv - 6th June, Exploring Opportunities for Climate Solutions in the Insurance Industry. Register here.

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Editorial by Arman, Curation by Nicola