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E-Commerce Furniture Manufacturing North America Retail

Outdoor Living Brand Outer Raises $50M in Series B Funding

– Outer, the fastest growing direct-to-consumer home brand of 2020, announces the close of a $50M Series B investment round.
– The new investment was led by Kathy Xu of Capital Today along with Tribe Capital, C Ventures, TRAC VC, and Upfront Ventures.
– Existing investors, including Sequoia Capital China, Mucker Capital, Mantis VC, Unpopular Ventures, and Reimagined Ventures also participated in the round.
– Outer raised $10.5M in Series A funding in January 2021, bringing the startup’s total funding to $65M.
– Outer was named the fastest growing home brand of 2020 by SimilarWeb and Business Insider, experiencing a 1000%+ increase in sales amid the pandemic.

Food and Beverage Manufacturing North America Nutrition

Immi takes in $3.8M to cook up plant-based instant ramen

– Immi, a plant-based instant ramen company, raised $3.8m in seed funding.
– The round was led by Siddhi Capital and joined by Palm Tree Crew, Constellation Capital, Animal Capital, Pear Ventures, Collaborative Fund and a group of individuals, including Patrick Schwarzenegger, Kat Cole and Nik Sharma, as well as executives from Thrive Market, Caviar, Daring Foods, Madhappy, Twitch, Kettle & Fire, MUD\WTR, Native, Amity Supply, Visionary Music Group, Italic, Tatcha and Casper.
– The company plans to launch its product in the US in 2019.

Artificial Intelligence Intelligent Systems Machine Learning Manufacturing North America Service Industry

DeepHow Raises $9M Pre-Series A Funding to Bridge the Skills Gap in the Manufacturing, Service, and Construction Industries

– DeepHow, the AI company that turns technical know-how into smart, how-to training videos, has closed $9M in pre-Series A funding.
Sierra Ventures, a specialist in early-stage VC funding, led the round with participation by Osage Venture Partners, Qualcomm Ventures LLC, and pre-seed investor Foothill Ventures.
– The company will use this additional funding to solidify its technical lead, accelerate its market expansion in Asia, and fuel its enterprise sales and marketing initiatives.

Manufacturing North America Software

Paperless Parts Announces $30M Series B Funding Led by OpenView Partners

– Paperless Parts announced a $30m Series B funding round led by OpenView.
– The round was led by OpenView and includes participation from other leading industry experts.
– Paperless Parts provides a state-of-the-art software platform that allows job shops and contract manufacturers of any size to effortlessly manage and streamline operations, improve customer service and grow their businesses.
– Paperless Parts is the preferred software for some of the fastest-growing, contract manufacturing companies, including C&M Precision Tech, The Momentum Group, Pindel Global Precision, and value-added material providers like Boston Centerless and ThyssenKrupp Materials North America.

Biopharma Biotechnology GreenTech Manufacturing North America

Solugen Raises Over $350 Million in Series C Funding Led by Baillie Gifford & GIC to Make Carbon Negative Chemicals

– Solugen, the company decarbonizing the chemicals industry, announced a Series C financing round of over $350m.
GIC and Baillie Gifford led the round with participation from Temasek Holdings.
– The latest round of funding will be used to expand Solugen’s Bioforge technology platform, which is used to produce lower-carbon and carbon-negative chemicals & materials for its key customers, and to expand the reach of Solugen’s product portfolio.

E-Commerce Fashion Manufacturing Marketplace North America Printing

Printify Raises $45M in Series A Funding

– Printify is a Riga, Latvia-based print on demand company.
– The company raised $45M in Series A funding.
– The round was led by Index Ventures with participation from H&M Group, Virgin Group, Wise, Vinted, Squarespace, RedHat and Dreamers VC.
– The new investment will be used to further expand the company’s marketplace globally.

3D Printing Machinery Manufacturing Manufacturing North America

Evolve Additive Solutions Secures Additional $30M in Funding

3D Ventures and its affiliates have agreed to a $30 million growth equity financing in Evolve Additive Solutions.
– Evolve will use these funds to accelerate commercial sales of its SVP (scaled volume production) platform in the U.S., Europe, and Canada.
– This fundraising follows a period of growth in which Evolve has meaningfully expanded its product portfolio over the past 6 months.
– Evolve’s STEP (selective thermoplastic electrophotographic process) technology sits alongside traditional manufacturing processes, such as injection molding, on the manufacturing floor and augments an organization’s production capabilities allowing freedom of design and faster time to market with “toolless” production.

Enterprise Manufacturing North America Simulation Software

aPriori Raises $30 Million Series D Investment to Further Capitalize on Strong Demand for Digital Manufacturing Solutions

– aPriori Technologies, the leading provider of digital manufacturing software featuring design for manufacturability (DFM) and cost (DTC) solutions, announces that the company has recently completed a Series D investment round of $30 million.
– The digital transformation happening in manufacturing is driving significant demand for aPriori Cost Insight solutions that provide automated early design and production guidance through digital manufacturing insights critical across the product development and production lifecycle. BIS Research has estimated the market for DFM/DTC solutions at $5 billion.

Industrial Manufacturing Information Technology Manufacturing Marketplace Western Europe

Fractory Raises €7.5M in Series A Funding

– Fractory is an online metal fabrication platform based in Manchester.
– The company raised €7.5m in Series A funding.
– The round was led by OTB Ventures, with support from existing investors including Trind Ventures, Superhero Capital, United Angels VC, Startup Wise Guys and Verve Ventures.
– The new investment will be used to expand its operations internationally and accelerate the development of its technology offering.

3D Printing Advanced Materials Manufacturing North America

AON3D Secures $11.5M & Manufactures First 3D Printed Parts for the Moon

– AON3D announced their $11.5M Series A funding and a partnership with Astrobotic for their historic Peregrine Moon Lander (PM1) mission.
– This brings the company’s total funding to $14.2M.
SineWave Ventures led the round with participation from AlleyCorp, Y Combinator Continuity, BDC Capital, EDC, Panache Ventures, MANA Ventures, top social-media influencers Josh Richards & Griffin Johnson, and leading Silicon Valley angels.
– The funding will be used to invest in 3D printing R&D, continue onboarding talent to support a growing enterprise, and provide clients with best-in-class support to achieve their 3D printing needs.

Food and Beverage Food Processing Health Care Manufacturing North America

Russell Westbrook, Chainsmokers join group pouring $13.5M into prebiotic soda brand Poppi

– Poppi, a prebiotic soda brand, raised $13.5m in Series A2 funding.
– The participants in the round were CAVU Ventures and sports and entertainment celebrities like Russell Westbrook, the Chainsmokers, 24kGoldn, Kygo, Halsey, Kevin Love, Ellie Goulding, Olivia Munn, Nicole Scherzinger, Chantel Jeffries, Bryce Hall, Noah Beck, Josh Richards, Griffin Johnson and Blake Gray.
– The company is on a mission to lead in the new category of “functional soda” by offering a better-for-you product that also tastes good.

Industrial Automation Manufacturing North America

Holo Raises Undisclosed Series B Funding

– Holo is a Newark, CA-based metal additive manufacturing company.
– Company raised an undisclosed amount in Series B funding.
– The round was led by Lam Capital, Lam Research‘s venture group, and Atreides Management, with participation from Prelude Ventures, Tao Capital Partners and Lightspeed Venture Partners.
– The new investment will be used to double the company’s team and add new materials.

Manufacturing North America

Last-mile robotic delivery firm Coco raises $36M

– Los Angeles delivery robot startup Coco this week has announced $36m in funding.
– The Series A was led by Sam Altman, Silicon Valley Bank and Founders Fund, with participation from Sam Nazarian, Ellen Chen and Mario Del Pero.
– It brings the company’s total funding up to around $43m.
– The company is still young, having launched in February 2020.
– The new funding will also go toward hardware and additional city launches.

Eastern Asia Manufacturing

Japan’s B2B ordering and supply platform CADDi raises $73 million Series B funding

– CADDi, a B2B ordering and supply platform in the manufacturing and procurement industry, raised $73m in Series B funding.
– The round was led by Globis Capital Partners and World Innovation Lab (WiL), with participation from existing investors DCM and Global Brain.
– Six new investors also joined the round including Arena Holdings, DST Global, Minerva Growth Partners, Tybourne Capital Management, JAFCO Group and SBI Investment.
– The post-money valuation is estimated at $450m.
– The funding proceeds will be used for accelerating digital transformation of the platform, hiring and expanding to global markets.

B2B Consumer Goods Manufacturing Marketplace South Asia

India’s Zetwerk valued at $1.33 billion in new funding

– Zetwerk, a B2B marketplace for manufacturing items, raised $150m in Series E funding.
– The round was led by D1 Capital Partners and joined by new investors Avenir and IIFL, and existing investors Greenoaks Capital, Lightspeed Venture Partners, Sequoia Capital and Accel Partners.
– The company plans to deploy the fresh capital to broaden its technology stack and expand to more international markets.

Automotive Internet of Things Manufacturing North America

Infinitum Electric Receives Investment from Caterpillar Venture Capital

– Infinitum Electric, an Austin, Texas-based-creator of an air-core motor, received an equity investment from Caterpillar Venture Capital Inc., the venture capital arm of Caterpillar Inc. (CAT), through Cottonwood Technology Fund.
– The amount of the deal was not disclosed.
– The company intends to use the funds to further expand production of its IEs Series motor systems for industrial applications and the development of a new line of alternators.

Consulting CRM Information Technology Manufacturing North America Robotics

Chasm Advanced Materials Raises $15M in Series C Funding

– Chasm Advanced Materials, Inc. from Canton, MA is a nanotube hybrids manufacturer.
– The company raised $15m in Series C funding.
– The round was led by Wave Equity Partners, joined by Birla Carbon, as well as SWM International (NYSE: SWM).
– The new investment will be used to accelerate commercial penetration of its AgeNT™ products for transparent printed electronics, NTeC™ products for energy storage and a broad range of composites applications, and to launch CHASM-H2O™ – a new category of membranes targeted at disrupting water treatment to address the world’s water scarcity problem.

Battery CleanTech Manufacturing North America Renewable Energy

Prieto Battery Raises First Tranche of $5.7M Series C Funding

– Prieto Battery, Inc. from Fort Collins, Colorado, raised $5.7m in Series C financing.
– The round was led by Pilatus Capital with participation from existing investors including Stanley Ventures.
– The new investment will be used to accelerate the company’s development of its proprietary 3D solid-state rechargeable lithium-ion battery.

Industrial Automation Manufacturing North America Robotics

Automation-as-a-service startup Rapid Robotics raises $36.7M

– Rapid Robotics, a startup providing out-of-the-box automation solutions for manufacturers, announced it has raised $36.7 million in a series B round co-led by Kleiner Perkins and Tiger Global, with participation from NEA, Greycroft, Bee Partners, and 468 Capital.
– The round, which values Rapid at $192.5 million post-money, brings the company’s total funding to date to $54.2 million.
– According to a study from Deloitte and the National Manufacturing Institute, by the end of 2020 the manufacturing industry had only recouped 63% of jobs lost during the pandemic — even with openings at near-record levels.

Consumer Electronics Manufacturing North America Personal Health

Wynd Technologies Raises $10M in Series A Funding

– Wynd Technologies from Redwood CA offers a range of smart air quality sensors, monitors, air purifiers and related software that algorithmically learn from the data and insights provided from business and consumer customers to adjust how they monitor and improve air quality.
– The company raised $10M in Series A funding.
– The round was co-led by DBL Partners and Greensoil PropTech Ventures.
– The new investment will be used to grow its enterprise-grade air quality management solutions.

Cannabis Information Technology Logistics Manufacturing North America Supply Chain Management

California Cannabis Startup Radiant Canna Raises $6M, Targets Multi-State Expansion

– Radiant Canna closed a $6M Seed Round investment.
– The round was led by D4 Investments, the investment arm of D4 LLC, part of the family office of James Kinsella and Robert McNeal. Other investors in the seed round include Donald Kivowitz and Charles Putnam, as well as Emles Venture Partners and West Creek Investments.
– The company provides tech-forward manufacturing and distribution services in California to multi-award-winning brands, including Mendocino Grasslands, Ahti Hash, SOG Army, Wonder Extracts, Arcanna, Woodstock Heritage Strains, Ridgetop Botanicals, Madame Munchie, and its own in-house extracts brand, Cosmic.

3D Printing Computer Manufacturing North America Robotics Software

AREVO Raises $25M Series B Funding

– AREVO, an advanced manufacturing technology company, has recently closed a $25M round of financing.
– The round led by Khosla Ventures with new participation from Founders Fund. Other investors include GGVC, Alabaster and Defy.
– The center hosts a range of production systems, including 70 shipping container-sized Aqua 2 systems, the world’s first high speed additive manufacturing system for continuous carbon fiber composite structures, and a growing variety of post-processing capabilities.

Biotechnology Manufacturing North America Therapeutics

Debut Biotech Raises $22.6M in Series A Funding

– Debut Biotech is a San Diego, CA-based developer of a biomanufacturing platform harnessing cell-free enzymes.
– The company raised $22.6m in Series A funding.
– The round was led by Material Impact with participation from Cultivian Sandbox Ventures, Fine Structure Ventures, ACVC Ventures, Humboldt Fund, Cantos Ventures, as well as existing investors including KdT Ventures.
– The new capital will be used to commercialize ingredients developed from its proprietary cell-free biomanufacturing platform.

Manufacturing North America Pharmaceutical

Sydnexis Secures $45 Million Series B Financing Led by Visionary Ventures and Blue Stem Capital

– Sydnexis, Inc. completed a $45m Series B financing led by Visionary Ventures, Blue Stem Capital, and SC Master Fund, with participation from existing investors RA Capital Management, Longitude Capital, and Medicxi.
– The financing will be used to fund Sydnexis’ lead candidate, SYD-101, through completion of the fully enrolled pivotal Phase 3 STAAR study for the treatment of progressive myopia in children.
– Sydnexis’ STAAR study is the largest pediatric myopia study globally to investigate the use of low dose atropine to retard progressive myopia. In this study, Sydnexis is evaluating two different concentrations of its proprietary atropine formulation SYD-101 (0.01% and 0.03%) versus a placebo control group.

Analytics Enterprise Applications Manufacturing North America Productivity Tools Software

Tulip Interfaces Announces $100M Series C Led by Insight Partners to Help Frontline Industries Bring Their Operations to the Cloud

– Tulip Interfaces announced today that it has raised $100m in Series C funding.
– The round was led by New York-based global private equity and venture capital firm, Insight Partners.
– New investors Pitango Growth and Marc Benioff’s TIME Ventures joined the round, as well as existing investors DMG MORI, NEA, and Vertex Ventures US.
– Tulip plans to expand its international operations to better support its hundreds of global enterprise customers like Terex, Delta Faucet, and Outset Medical, spanning more than 35 countries.

Energy Energy Storage Manufacturing North America Oil and Gas Renewable Energy Solar

Ambri Raises $144M in Financing

– Ambri from Marlborough, Massachusetts develops a new, long-duration battery technology that will enable widespread use of renewable energy sources, reduce electricity costs, and enable power systems to operate efficiently.
– The company raised $144m in Series C round.
– The round was led by strategic investors Reliance New Energy Solar Ltd, a wholly owned subsidiary of Reliance Industries Limited, Paulson & Co. Inc., and includes Ambri’s largest shareholder, Bill Gates, new investors, Fortistar, Goehring & Rozencwajg Associates, Japan Energy Fund and others.
– The company intends to use the funds to commercialize and grow its daily cycling, long-duration system technology, and to build a domestic manufacturing facility.

Battery Eastern Asia Electric Vehicle Energy Energy Storage Manufacturing

SVOLT Energy Closes RMB10.28 Billion Series B Financing

– SVOLT Energy Technology Co., Ltd. is a Beijing, China-based EV battery manufacturer.
– Company raised a total amount of RMB 10.28 billion ($US 1.58 billion) in Series B funding.
– The round was led by Bank of China Group Investment (BOCGI), Country Garden Venture Capital, Shenzhen Capital Group (SCGC), CCB Investment, IDG Capital, Sany, Xiaomi Corporation, Oceanpine Capital, CHINA RENAISSANCE among others.
– The Series B funds will be mainly used for R&D of new technologies and construction of new factories.

Consumer Goods Manufacturing North America

Fable Secures CAD$3.4M in Seed Funding

– Fable is a Canadian sustainably produced direct to consumer brand of tablewares.
– The company completed a CAD$3.4m in seed funding.
– The round was led by True alongside Sandpiper VC and Mavan Capital.
– The new investment will be used for international expansion and new product development across several key business verticals.

Advanced Materials Electronics Manufacturing North America

Pajarito Powder Receives Series B

– U.S.-based startup Pajarito Powder has received a Series-B investment from Hyundai Motor Company.
– The company is a leader in the development and commercialization of advanced electrocatalysts for fuel cells and electrolyzers.
– Pajarito Powder manufactures a range of catalyst products using its own intellectual property as well as intellectual property licensed from the University of New Mexico, Los Alamos National Laboratory, and Institut National de la Recherche Scientifique.

Eastern Asia Health Diagnostics Manufacturing Medical Device

Scivita Medical Technology Receives RMB0.4 Billion in Series B Financing

– Scivita Medical Technology Co., Ltd. from Hong Kong is a maker of endoscopy products.
– The company received nearly RMB0.4 Billion in Series B financing.
– Backers included new investors such as Hudson Bay Capital Management and Prime Capital, as well as existing shareholders such as GL Ventures, Lilly Asia Ventures and Matrix Partners China.
– The new investment will be used for research and development, capacity expansion, and domestic and international commercialization of innovative products in endoscopy and related fields.

Automotive Energy Information Technology Manufacturing North America

Niron Magnetics Raises $21.3M to Commercialize Rare-Earth Free Magnets for a More Sustainable Electric Economy

– Niron has raised $21.3M in new financing.
Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota.
– Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet™ technology.
– Surging global demand for electric vehicles (EVs) and other motorized devices has highlighted global dependency on the unsustainably-produced rare earth materials currently required for the magnets needed in electric drivetrains and motors.
– Niron’s Clean Earth Magnet™ technology, developed from a decade of research, leverages materials science innovations to eliminate the need for rare earth content in magnets. Instead, Niron utilizes some of the most common elements on earth – iron and nitrogen – to deliver better performance and lower costs.

Chemical Engineering CleanTech Manufacturing North America Renewable Energy

Genomatica Raises US$ 118M in Series C Funding

– Genomatica from San Diego develops sustainable materials using biology to replace widely-used chemicals and materials.
– The company raised 118m in Series C funding.
– The round was led by Novo Holdings.
– The new investment will be used to scale production for its portfolio of products and invest in new technologies to amplify the impact of sustainable materials across a range of industries.

3D Printing Advanced Materials Hardware Industrial Manufacturing Manufacturing North America

Continuous Composites Closes $17m Series A Financing

– Continuous Composites Inc. announced the successful closing of its $17m Series A financing led by B. Riley Venture Capital, a subsidiary of B. Riley Financial, Inc.
– This latest investment follows prior funding rounds led by strategic partners Arkema S.A. and Saint-Gobain S.A.
– BRVC employs a strategy focused on investing in late-stage private growth companies with a path towards public markets. BRVC’s mission closely aligns with the company’s growth strategy, and access to B. Riley’s full suite of investment banking solutions makes BRVC an ideal partner for Continuous Composites.

Automotive Electric Vehicle Manufacturing North America Transportation

Amazon leads $2.5B funding round in Rivian, maker of the tech giant’s future electric delivery vans

Amazon is pouring more money into Rivian, as the electric vehicle maker announced that the tech giant was among lead investors in a $2.5 billion financing round.
Amazon made the investment through its Climate Pledge Fund, which is aimed at backing companies that accelerate Amazon’s pledge to be net zero carbon across its businesses by 2040.
– The company previously backed Rivian in 2019 in rounds of $700 million and $1.3 billion, and it’s planning to buy 100,000 electric vans from the automaker for its delivery fleet.
Amazon said last October that it will have 10,000 custom electric delivery vehicles on the road as early as 2022, and all 100,000 by 2030.

Aerospace Hardware Manufacturing North America Product Design

Accion Systems raises $42 million in Series C to accelerate development of 4th-gen propulsion system

– Space propulsion developer Accion Systems raised $42m in a Series C funding.
– The round was led by Tracker Capital and joined by existing investors, including Draper Fisher Jurvetson, Lux Capital, and Space Angels Network.
– The company plans to use the funding to develop and manufacture its fourth generation propulsion system, dubbed the tiled ionic liquid electrospray (TILE) system.

Biotechnology Health Care Manufacturing Western Europe

Orbit Discovery Announces $7.6 Million Funding to Accelerate Growth in Peptide Discovery Business

– Orbit Discovery has raised $7.6m in funding.
– The financing was led by Oxford Sciences Innovation with participation from Borealis Ventures, Perivoli Innovations, and other institutional and individual investors, including Kapil Dev Joory.
– Proceeds from the financing will be used to accelerate Orbit’s growth trajectory as a leading provider of peptide discovery services to the biotechnology and pharmaceutical industry.
– Orbit’s novel bead-based and microfluidic technology platform enables the screening of peptide libraries for target binding and subsequent activity in cell-based functional assays.
– This makes the platform ideal for identifying active peptides against both soluble proteins and membrane bound targets such as GPCRs.
– Until now, researchers have struggled to unite high throughput affinity screens with functional screens utilising peptide libraries of very high chemical diversity.

3D Printing 3D Technology Manufacturing North America Printing

Metal 3D printing company Fabric8Labs raises $19M

– Fabric8Labs, a metal 3D printing company, raised $19.3m funding.
– The round was led by Intel Capital and featured Lam Capital, TDK Ventures, SE Ventures, imec.xpand, Stanley Ventures and Mark Cuban.
– It follows $4m in seed funding raised in mid-2018.
– The San Diego-based startup specializes in metal 3D printing.

3D Printing 3D Technology Machine Learning Manufacturing North America Software

Inkbit Secures $30M in Series B Funding

– Inkbit announced the closing of $30M in its Series B round of financing.
– Investors include Phoenix Venture Partners LLC (PVP) and Stratasys.
– The new funding will boost production of the company’s additive manufacturing system, Inkbit Vista, and grow the commercial team to support expansion into the APAC and EMEA regions.

Alternative Medicine Cannabis Manufacturing North America Retail

C3 Industries Raises $25M in Equity Funding

– C3 Industries, an Ann Arbor, Mich.-based multi-state, vertically integrated cannabis company, raised $25m in funding.
– The round was led by existing investor Madison Square Park Capital with participation from current investor Welcan Capital and new institutional investor Navy Capital, among others.
– The company intends to use the funds to accelerate its expansion in both its existing markets of Michigan, Massachusetts, Missouri and Oregon as well as new states, which it plans to enter organically and via M&A opportunities.

Manufacturing Pharmaceutical Western Europe

Reacta Biotech Raises £2.9M in Funding

– Reacta Biotech from Deeside, North Wales, UK, raised £2.9m in funding.
– The round was led by Praetura Ventures with participation from existing shareholders including the Development Bank of Wales, Perscitus, Jon Moulton’s family office, and Reacta’s management team.
– The new investment will be used to scale up the company’s current product range, expand its team of specialists and expedite work on enhanced packaging solutions.

Manufacturing North America Product Design

Gembah raises $11M to ‘democratize product innovation’

– Gembah, a platform/marketplace designed to guide users through the product-creation process, raised $11m in Series A funding.
– The round was led by ATX Venture Partners and joined by Silverton, Flexport, Brett Hurt, Jim Curry and Dan Graham.
– It brings Gembah to a valuation of $40m.
– The company says the pandemic has actually been something of a boon for its business model, as hardware startups are looking toward a more online model — and something a bit closer to home than the traditional sales channels.
– The company says its revenue grew 500% in 2020 and is on track to triple revenues this year.

Agriculture Chemical Health Care Manufacturing North America Oil and Gas Product Design

FREDsense Technologies Raises $2.5M from BDC Capital to Accelerate Their Biologically Based Water Quality Sensors

– FREDsense Technologies Corp. is excited to announce the closing of a $2.5 million from BDC Capital’s Cleantech Practice.
– FREDsense has developed a biologically based breakthrough technology for rapidly measuring hard to detect chemicals in our environment.
– The company builds portable field kits for rapid measurement of these parameters to deliver chemical information in a fraction of the time required.
– With portable, simple, and scalable types of sensor solutions, FREDsense is changing the way we understand water chemistry.
– FREDsense will utilize the funding to grow their current and future sensor expansion plans, developing new solutions for various water quality parameters in conjunction with global partners.

Biotechnology Health Care Manufacturing North America

Antheia Raises $73M in Series B Funding

– Antheia, a Menlo Parck CA-based synthetic biology company, raised $73M in Series B funding.
– The round was led by Viking Global Investors with participation from Sherpalo Ventures and Hillspire.
– The company intends to use the funds to expand its pipeline and scale production in global markets.

Construction Manufacturing North America Real Estate Robotics

Construction robotics company Toggle raises $8M

– New York-based construction startup Toggle raised $8m in Series A funding.
– The round was led by Tribeca Venture Partners and featured Blackhorn Ventures, Point72 Ventures, New York State and Twenty Seven Ventures.
– It follows a $3m seed round raised in late-2019.

Biotechnology Health Care Manufacturing Medical Medical Device North America

SHINE Medical Technologies Closes $150-million Series C-5 Financing to Advance Nuclear Fusion-Based Technologies

– SHINE Medical Technologies LLC announced that it has closed a $150-million Series C-5 financing.
Koch Disruptive Technologies led the round, which also included participation by Fidelity Management & Research Company, Baillie Gifford and other new and current investors.
– The financing will support SHINE’s commercialization of its diagnostic and therapeutic medical isotope technologies and position the company for future growth as it works toward developing new fusion-based technology applications.
– An existing SHINE facility produces the therapeutic medical isotope lutetitum-177 (Lu-177).
– Radiotherapeutics are one of the fastest growing areas of oncology and has significant potential for the treatment of several cancers because of their ability to directly irradiate cancer including at the late stages.

Food and Beverage Manufacturing North Africa and the Middle East

Better Juice Raises $8M in Seed Funding

– Better Juice, Ltd. from Rehovot, Israel, raised $8M in seed funding.
– The round was led by iAngels with participation from Maverick Ventures, Food Tech Lab TFTL, The Kitchen Hub, as part of the Strauss Group and IIA, NEOME, Schestowitz Group, and Semillero.
– The company intends to use the funds to build its first full-scale manufacturing plant in Israel and expand the sales and marketing teams to support its commercialization stage.

Laser Manufacturing North America Robotics

Seurat Technologies Closes $41 Million Series B Round Led by Capricorn’s Technology Impact Fund

– Seurat Technologies announced it has closed a $41m Series B round of funding led by Capricorn’s Technology Impact Fund.
– The funds will be used to further accelerate the development and commercialization of Seurat’s pioneering metal additive manufacturing technology, Area Printing™.
– Seurat previously raised $13.5m in Series A financing led by True Ventures in January 2018.
– Seurat’s Area Printing technology is a groundbreaking metal additive manufacturing process with enormous potential for infinite scalability.
– Seurat’s Area Printing process is differentiated from existing technology in that it focuses over two million points of laser light on a bed of metal powder—each point fully controllable in power and duration—to create production grade, fully functional components.

Construction Energy Industrial Information Technology Internet of Things Manufacturing Mining North America Oil and Gas Software

Triax Technologies Raises $12.5 Million Series A Funding Round to Expand Team, Scale Globally

– Triax technologies raised a Series A funding round of $12.5m.
– The round was led by McRock Capital, an institutional investor focused on industrial IoT.
– Triax will use the funding to grow the team and scale its solutions globally.
– Triax will immediately begin to expand its talented team with openings in several areas across the company.
– It is seeking team members with domain-specific technical skills, who would work well in a community-minded, fair and transparent culture.

Analytics Industrial Automation Internet Manufacturing North America Predictive Analytics SaaS Software

MachineMetrics Announces $20M Series B Funding Round

– MachineMetrics, an industrial data startup that elevates manufacturing performance through autonomous machining, announced it has raised $20m in Series B financing.
– The company will use the funding to scale its platform globally and democratize access to the machine insights that power manufacturing operations.
– MachineMetrics is currently used by hundreds of customers and connected to thousands of machines globally.
– These manufacturers, which range from small contract manufacturers to some of the world’s largest OEMs, are leveraging MachineMetrics to enable remote visibility into real-time production, identify production bottlenecks, predict machine failures, improve quality, and build workflows that automate the operation of machines.

Energy Manufacturing North America Water Water Purification

PowerTech Water Raises $6M in Series B Funding

– PowerTech Water, a Lexington KY-based company focused on delivering clean water to industrial consumers, raised $6M in Series B funding.
– The round was led by HG Ventures.
– The company intends to use the funds to meet the demand for sustainable industrial water treatment, accelerate corporate partnerships, and expand operations.

Battery Clean Energy CleanTech Electronics Energy Energy Storage Manufacturing Western Europe

Swedish company Northvolt raises $2.75B to accelerate European battery production

– Swedish battery developer and manufacturer Northvolt raised $2.75bn funding.
– The round was led by Goldman Sachs and Volkswagen, and new investors including the Swedish pension funds AP1-4 and OMERS, one of Canada’s largest pension plans.
AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di San Paolo through Fondaco Growth, Cristina Stenbeck, Daniel Ek, IMAS Foundation, EIT InnoEnergy, Norrsken VC, PCS Holding, Scania and Stena Metall Finans also participated in the raise.
– Northvolt has already scored major deals with automakers like Volkswagen and BMW.

3D Technology Aerospace Artificial Intelligence Manufacturing North America Supply Chain Management

Relativity Space announces $650 million in funding to build a bigger 3D-printed rocket

– Relativity Space, a space venture that got its start in Seattle and is now working on 3D-printed rockets in California, says it’ll build a bigger launch vehicle with the aid of a similarly huge $650 million Series E funding round.
– The startup says its fully reusable, two-stage Terran R rocket will be capable of launching more than 20,000 kilograms (44,000 pounds) to low Earth orbit.
– The company says the newly announced funding round will help the company scale up production of the Terran R rocket at its 3D-printing facility in Long Beach, Calif.

Document Management Industrial Manufacturing North America Skill Assessment Training

Poka Raises $25M in Series B Funding

– Poka, a Quebec City Canada-based connected worker platform built specifically for manufacturers, raised $25M in Series B funding.
– The round was led by 40 North Ventures with participation from McRock Capital and existing investors SE Ventures, CDPQ, Robert Bosch Venture Capital, and Leclerc.
– The new investment will be used to accelerate product development and scale its go-to-market teams.

Health Care Manufacturing Medical Medical Device North America

Garwood Medical Device Raises $4M in Series C Funding

– Garwood Medical Device, LLC, a Buffalo NY-based company specializing in developing technology to treat antibiotic-resistant bacterial biofilm infections associated with metallic orthopaedic implants, raised $4M in Series C funding.
– The round was led by the WNY Impact Investment Fund and the Murray family, along with global investors in the orthopaedics/health care space.
– The company intends to use the funds to expand operations and its business reach.

Manufacturing North America

Open Book Extracts Raises $11.5M in Series B Funding

– Open Book Extracts (OBX) is a Roxboro, NC-based cGMP-certified manufacturer of plant-based cannabinoid products.
– The company raised $11.5M in Series B funding.
– The round was led by Nortecapital and KEY Investment Partners.
– The new investment will be used to accelerate safety studies and efficacy research, build additional scale, and support international distribution opportunities.

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