MGA Thermal raises $8M AUD led by Main Sequence for its modular energy storage blocks
– MGA Thermal, a thermal energy storage company, raised $8m in funding.
– The round was led by Main Sequence, a venture firm founded by Australia’s national science agency that recently launched a new $250m fund.
– Alberts Impact Capital, New Zealand’s Climate Venture Capital Fund, The Melt and returning investor CP Ventures participated, along with angel investors like Chris Sang, Emlyn Scott and Glenn Butcher.
– Based in Newcastle, Australia, MGA Thermal was founded in April 2019 by Erich Kisi and Alexander Post after nearly a decade spent researching and developing miscibility gap alloys technology at the University of Newcastle.
– When asked to explain MGA tech in layperson’s terms, Kisi used a delicious analogy.
75F Raises $28M in Funding
– 75F from San Francisco provides IoT, Cloud Computing and Machine Learning for data-driven, proactive building intelligence and controls for HVAC and lighting optimization.
– The company raised $28m in Series B funding.
– Siemens AG led the round with participation from Bill Gates’ Breakthrough Energy, OGCI Climate Investments, and Wind Ventures.
– The new investment will be used to accelerate the company’s growth, expand operations and business reach.
Sealed Raises $16M in Series B Funding
– Sealed, a home wellness company based in NYC, raised $16m in Series B funding.
– The round was led by Fifth Wall, FootPrint Coalition Ventures, Cyrus Capital and CityRock Ventures.
– The company intends to use the funds to accelerate nationwide expansion efforts, starting with launches in New Jersey and Connecticut — the first locations where Sealed will be available outside of New York State.
Cortex Raises $6M in Series A Funding
– Cortex Intel is a Washington, DC-based building analytics software company.
– The company raised $6M in Series A funding.
– The round was led by 4490 Ventures.
– The new investment will be used to expand the company’s product management, sales and marketing teams, as well as build new software and machine-learning products.
PowerX Announces $4M Seed Funding
– PowerX, an environmental startup, announced a $4m investment from SpringTide Capital, Antler Global, and senior executives from Tesla and SpaceX.
– Spring Tide Capital led the round, joining Antler US and Y Combinator, who previously invested in PowerX.
75F Closes $23M in Series A Funding
– 75F from San Francisco develops a BMS system that leverages IoT, Cloud Computing and Machine Learning for data-driven, proactive intelligence and controls for HVAC, lighting, and energy optimization.
– Series A funding round was led by Wind Ventures – the corporate venture capital (CVC) group of Copec.
– Company intends to use the funds to further expand innovations in energy savings and market reach.
Ecomedes Closes $3.25M Seed Funding Round
– Ecomedes is a San Francisco, CA-based developer of building product optimization in the cloud.
– The company completed a $3.25M seed financing round.
– The round was led by M12, with participation from NOVA by Saint-Gobain, PivotNorth, Mission Innovations Network, and AM Ventures.
– The funding will be used on collaboration tools.
Bill Gates and Amazon join $80M funding round for Turntide electric motor venture
– Silicon Valley venture Turntide Technologies, which is retooling electric motors for the 21st century, says it has completed an $80m funding round that was led by Breakthrough Energy Ventures, the clean-tech fund created by Microsoft co-founder Bill Gates.
– Other investors include the Amazon Climate Pledge Fund, actor Robert Downey Jr.’s Footprint Coalition Ventures, Keyframe Capital, Fifth Wall and Captain Planet LP.
– The newly announced round brings Turntide’s total funding to $180m.
Turntide Technologies Raises $80M With Investments From Breakthrough Energy Ventures And Robert Downey Jr.’s FootPrint Coalition Ventures
– Turntide raised $80m with investments from Breakthrough Energy Ventures and Robert Downey Jr.’s FootPrint Coalition Ventures.
– The round was led by Breakthrough Energy Ventures and includes investments from Robert Downey Jr.’s FootPrint Coalition Ventures, the Amazon Climate Pledge Fund, Keyframe Capital, Fifth Wall’s Climate Technology Fund and Captain Planet LP.
– Turntide’s Smart Motor System is designed around its revolutionary switched reluctance motor (SRM) technology.
– Turntide plans to expand development and production of its Smart Motor System to meet growing demand and extend it into new applications.
– Funding will also be used to accelerate deployment and advance development of Riptide, a cloud-based building automation software platform that Turntide recently agreed to acquire.
BlocPower Raises $63 Million Series A to Green Urban Buildings and Creates Innovative Financing Solution Alongside the Goldman Sachs Urban Investment Group
– BlocPower announced a $63m Series A round.
– The round was led by American Family Insurance Institute for Corporate and Social Impact, AccelR8 and The Goldman Sachs Urban Investment Group.
– To date, the company has raised $68m from early anchor investors, including Kapor Capital, Andreessen Horowitz, MaC Venture Capital, Exelon, New York Ventures of the Empire State Development Corporation, Echoing Green, and The Schmidt Family Foundation.
– The funding will enable BlocPower to expand and scale its inner-city energy retrofit projects across the U.S., create green jobs, improve quality of life for urban residents and save the planet.
– The company will soon offer Environmental Justice Impact Green Bonds to other institutional investors to help finance BlocPower’s future green retrofit projects.
