KKR and Infracapital have taken joint majority stakes in the battery storage specialist.
"Securing substantial further equity is a significant vote of confidence in our business, its achievements to date and future aims. KKR provides Zenobē with a leading international strategic partner to support our expansion plans into North America, Europe and Australasia and other markets. It supports our ability to raise further debt funding for these plans. It is also an acknowledgement that boosting battery storage and clean transport is just common sense to help us reach net zero."
The seed round was led by Insurtech Gateway with participation from One Planet Capital, the University of Surrey, and angel investors.
"We are thrilled to have secured this significant funding round, led by Insurtech Gateway. This investment not only validates the tremendous potential of Renew Risk, but it also propels us forward on our mission to help improve the financial processes key for the transition to green energy. With this support, we are now poised to accelerate our product development, expand our market reach, and continue driving innovation in the industry. We are grateful to our esteemed consortium of investors for their trust and belief in our vision and we are excited about the transformative impact we will make in the insurance industry."
Neuberger Berman provided a $1bn off-balance sheet asset purchase programme to support online merchants.
"The global eCommerce sector is expected to continue growing rapidly in the coming years. We’re always looking for innovative partners that provide genuine value in the space and have been thoroughly impressed by Wayflyer’s model and experienced team. We’re thrilled to partner with Wayflyer on its mission to be the growth partner of choice to ambitious e-commerce businesses."
The funding round was backed by M&G Investments and Van Tuyl Companies to accelerate product development and international expansion.
"To have such a strong close to our Series C strategic funding round is a testament to the momentum built by Dr. Christmas and the team at Envisics. We were an early investor in Envisics, and we welcome the very impressive roster of returning and new investors in this round."
The financing round was led by 645 Ventures and 3VC, with additional participation from QED Investors, NfX, and i80 Group.
"We’re thrilled to announce the successful close of our Series A funding round, which will enable us to continue building and expanding our suite of e-commerce tools,"
