HV Capital
Assembly Line
Again raises $43M from Google Ventures and others to turn CO2 into green chemicals
Again, a Danish climate tech startup, which turns carbon dioxide into valuable chemicals, has raised $43 million in Series A funding. The investment round was co-led by Google Ventures (which invested in ClimateX and StatusPRO) and HV Capital. Kompas VC, EIFO – Denmark’s Export and Investment Fund, ACME Capital, and Atlantic Labs also participated in the round. With this round, the total funding raised by Again accounts for $100 million, including a $47 million Horizon Europe grant for the PyroCO2 project.
The new funding will be used to build additional facilities to combat the climate crisis at scale. It will be used to build additional production capacity to deliver green chemicals to customers, and R&D to expand Again’s product portfolio and bring more molecules to market.
Quantum Systems secures €63.6 million in Series B funding round
Quantum Systems, Europe’s leading innovator in dual-use drone-robotics offering state-of-the-art multi-sensor technology for both government and commercial clients, announces the successful completion of its €63.6 million Series B funding round. This brings the total amount of funding for the Munich-based drone manufacturer to over €100 million. Leading the investment are HV Capital and DTCP , followed by Project A, Thiel Capital, ScaleUp Fonds Bayern, Omnes Capital, and Airbus Ventures. This substantial infusion of capital underscores Quantum Systems’ dedication to boosting resilient infrastructure, through aerial intelligence.
Figma co-founder backs Berlin-based engineering intelligence startup SPREAD in €14.5M funding round
Berlin-based SPREAD, an Engineering Intelligence startup for complex mechatronic products, announced on Wednesday that it has raised $16M (approximately €14.5M) in a Series A round of funding. The round was led by HV Capital with participation from existing investors Cavalry Ventures and angel investors Dylan Field – Figma Co-Founder & CEO, and the founders of logistics unicorn Sennder, among others.
SPREAD says it will use the capital to scale its early successes outside of automotive to new markets. The company will also grow the platform’s capabilities and expand the reach of the Engineering Intelligence Network.