Omar Mir leads a Series B investment into the artificial intelligence waste analytics firm.
"Waste is one of the planet's largest untapped resources, and data is the infrastructure that unlocks it. This funding lets us scale rapidly across North America and Europe and continue growing our AI, data science and product teams,"
The London startup secured $25m from backers including eBay and Andreessen Horowitz to automate secondhand fashion logistics.
"Most people have no idea what happens to a piece of clothing after they part with it. It travels thousands of miles, gets sorted by hand in a warehouse in Karachi, and finds its way back to a vintage shop in London or New York, if it’s lucky. We started Fleek because that system is broken, the market it serves is exploding, and nobody is building the technology and infrastructure to fix it,"
Eos Advisory and Mercia Ventures led the round, which will fund pilot tests and relocation to a new Coventry facility.
"While we’ve kept our most exciting breakthroughs in stealth, this funding will help us enhance the performance of sodium-ion batteries and bring the benefits to a mainstream audience. Watch this space"
The Bath-based startup secured backing from the British Design Fund and Innovate UK to develop its AutoDecon system.
"The belief and support from our investors, collaborators and advisors have been instrumental in reaching this stage. Their insight and challenge, alongside their confidence in our team, gives us a strong foundation as we scale LabCycle and work to drive lasting change across research and healthcare."
The Series A round was led by AVP with backing from Plural, Lowercarbon Capital, John Doerr, and Walter Kortschak.
"For decades the certification industry faced a tradeoff between speed and rigour. Do it fast, or do it right. With Isometric, industrial companies can get both"