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Virescent Ventures portfolio

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Every article we hold from Virescent Ventures portfolio.

Series A $28m

Sharks, Planes & Lasers – Our Investment into MAKO

Virescent Ventures led MAKO's A$28 million Series A with IAG, Zero Infinity, Grok, Skip, IP Group and TreeArc; the Sydney maker of drag-cutting aircraft film works with Vueling, Delta and the US Air Force.

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Unnamed stage

IND Technology: Investment Notes

Virescent Ventures announces it has invested in grid-tech firm IND Technology's inaugural institutional round, led by Energy Impact Partners and Angeleno Group, profiling the Melbourne company's early fault detection technology, founders and utility customers.

Also SmartCompany·Startup Daily·RenewEconomy·RenewEconomy·SmartCompany·Startup Daily·SmartCompany·Startup Daily

Fund close ~$125m

Queensland Investment Corporation backs Virescent Ventures' new climate technology fund

Virescent Ventures says QIC has joined Westpac and the CEFC backing its second climate tech fund, with new commitments lifting the initial close to roughly $125 million toward a $200 million goal.

Also @AuManufacturing·Startup Daily·RenewEconomy

Series B $172m

Fireside Chat: Hysata – Defying hydrogen's hype cycle

Virescent Ventures partner Blair Pritchard reflects on Hysata, the Wollongong electrolyser spinout whose $172 million Series B he led, covering its technology, culture, customers and the green hydrogen market outlook.

Also SmartCompany·Startup Daily·@AuManufacturing·Forbes Australia·RenewEconomy·SmartCompany·@AuManufacturing·Startup Daily·SmartCompany·Startup Daily·AgFunderNews·@AuManufacturing·commbank.com.au·australianmanufacturing.com.au·Crunchbase News

Seed $10.5m

Xefco: Investment Notes

Virescent Ventures explains why it invested in Xefco, a Geelong startup whose plasma-based process dyes textiles with a fraction of the usual water, energy and chemicals, as part of a round with three co-investors.

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Series B $105m

Loam Bio raises $105m Series B to boost soil carbon sequestration

Soil-carbon startup Loam Bio has secured a A$105 million Series B and is bringing its CarbonBuilder inoculant and SecondCrop offerings to Australian growers, its backer Virescent Ventures reports.

Also Main Sequence Ventures portfolio·AgFunderNews·@AuManufacturing·AgFunderNews·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Forbes Australia·TechCrunch Australia·AgFunderNews·AgFunderNews·Crunchbase News

Series A $54m

Samsara Eco banks $54m Series A funding to scale infinite recycling

Enzyme-based plastic recycler Samsara Eco has raised a $54 million Series A to build a commercial recycling facility in Melbourne, with investors including the CEFC Innovation Fund, W23, Main Sequence, Breakthrough Victoria and Temasek.

Also TechCrunch Australia·Breakthrough Victoria·@AuManufacturing·Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·@AuManufacturing·@AuManufacturing·TechCrunch Australia·@AuManufacturing·TechCrunch Australia·Forbes Australia·@AuManufacturing

Series A $21m

SunDrive raises $21m Series A to supercharge solar panel efficiency and drive down costs

SunDrive has raised a Series A round co-led by the Clean Energy Finance Corporation and Main Sequence Ventures, with Blackbird and Grok also backing its copper-based solar cell technology.

Also SmartCompany·Startup Daily·RenewEconomy·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily

Unnamed stage $40m+

Hysata raises $42m after hydrogen breakthrough

Australian hydrogen technology company Hysata has raised over $40 million to fund expansion following a breakthrough in hydrogen development, per an AFR report linked from the publisher's site.

Also RenewEconomy·@AuManufacturing·Startup Daily·Techboard·Startup Daily·RenewEconomy·@AuManufacturing·RenewEconomy·@AuManufacturing·@AuManufacturing·@AuManufacturing·Forbes Australia·@AuManufacturing·@AuManufacturing

Unnamed stage $6m

Recycling start-up scores $6m for enzyme that eats plastic

Recycling startup Samsara Eco picked up $6 million from the CEFC, managed by Virescent Ventures, plus Woolworths' W23 and CSIRO's Main Sequence, to commercialise its enzyme-based plastic recycling.

Also TechCrunch Australia·@AuManufacturing·Techboard·SmartCompany·TechCrunch Australia

Seed £1.6m

Downforce Technologies draws investor support with innovative soil carbon solution

Soil carbon measurement startup Downforce Technologies closed a $3 million seed round backed by CEFC's Clean Energy Innovation Fund, Perivoli Innovations and Tiverton, with Australia as its first target market.

2 deals

JET Charge raises $25m Series B, including $6m from CEFC (managed by Virescent Ventures)

An EV charging company has closed a Series B of over A$25 million led by RACV, with the CEFC's innovation fund, Claremont Capital and earlier individual backers taking part; its 2020 Series A is also recalled.

Also RenewEconomy·SmartCompany·SmartCompany

3 deals

CEFC congratulates Gridcognition on close of seed round at nearly $4m

Gridcognition closed a $2.25 million seed round, taking its total funding to almost $4 million. The CEFC put in $625,000, alongside Alberts Impact Ventures, Afterwork Ventures and several individual energy-sector investors.

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