Cleantech and Sustainability Drive European Funding
European cleantech startups captured the spotlight on June 5, with multiple companies securing significant funding rounds focused on sustainable solutions.
GR3N, the Lugano-based cleantech company, closed a €15.5M ($17M) Series B round led by 360 Capital. The company specializes in PET and polyester plastics recycling using microwave-assisted depolymerisation technology and plans to build the world's first industrial plant using this technology in Spain.
Innovafeed, a Paris-based biotech startup, secured €51M ($55M) in funding from existing shareholders including Creadev, QIA, Temasek, FFC, ABC Impact, and ADM. The company produces sustainable insect-based ingredients for animal nutrition, pet food, and agriculture applications.
Agricultural Technology and Health Innovation
The AgTech and health sectors also saw notable activity across Europe.
Sensie, a Ghent-based startup, raised €500K ($540K) in pre-seed funding led by Division Q, with participation from NewSchool.vc and Percival Participations. The company provides real-time plant intelligence solutions for professional greenhouse growers.
Joyvié Health, a UK-based company, closed its pre-seed round raising €897K ($1M) through a combination of an Innovate UK grant and investments from HERmesa Angels, SyndicateRoom, and Lavender Ventures. The company develops continence underwear designed to reduce stool-to-skin contact and caregiver burden.
Series B Activity in AI and Infrastructure
Larger funding rounds highlighted growth in AI and infrastructure companies.
Innefu Labs, an Indian AI and cybersecurity firm, raised $30M in Series B funding from Panthera Growth Partners. The company plans to use the funding for global expansion and research and development, with a potential IPO under consideration.
Ola Electric, the Indian electric vehicle manufacturer, completed a ₹780 crore ($94M) qualified institutional placement (QIP). The oversubscribed offering attracted demand from global investors including Goldman Sachs and BNP Climate Fund, alongside Indian mutual funds.
Infrastructure and Industrial Solutions
Resand, a Finland-based company specializing in foundry sand reclamation and recycling, expanded its Norion Bank loan facility from €14.5M to €25M ($27M). The additional financing will fund new customer agreements and enable investment in scaling operations.
The day's funding activity reveals a strong investor appetite for European sustainability solutions, particularly in circular economy applications like plastic recycling and alternative protein sources. The concentration of cleantech deals suggests growing confidence in regulatory support and market demand for environmental technologies. Meanwhile, the successful completion of Ola Electric's institutional placement demonstrates continued investor interest in electric mobility in emerging markets, despite broader market volatility.