The Series B round was co-led by H.C. Starck Tungsten Powders and IQ Capital, valuing the business at £300m.
"We are excited to move our technologies from development to deployment in the market. We founded Nyobolt following the discovery of new anode technologies containing tungsten with remarkable fast charging capability to bring these properties to the market in applications touching all aspects of daily life. The funding from H.C. Starck will help Nyobolt to scale up our operations in the UK and United States and bring a more sustainable solution into the energy storage industry. Nyobolt technology will not only enable net zero both in the electrification of transport, but also the storing of clean and renewable energy on and off the grid. With the investment from H.C. Starck, Nyobolt’s ultra-fast charging, high power batteries will help lead the way towards achieving the clean energy goals set by governments around the world."
The London investment platform secured backing from Lightspeed Venture Partners, Virgin Group, and Richard Branson to fund its European expansion.
"Having lived and worked on both sides of the pond, I’ve seen first-hand the pain points for Europeans trying to access the financial markets as easily as their counterparts in the US. Lightyear is trying to fix this with a platform that customers not only love and trust, but one that understands the nuances between different regulations, languages, exchanges and cultural investing norms. There is no single neobroker offering products across the continent right now, and the potential is enormous. Martin and Mihkel have assembled an all-star team to achieve this goal, and we couldn’t be more excited to support them all on this journey."
Liverpool-based venture builder Nova has provided £195k alongside hands-on startup support.
"We are delighted to welcome Laura and the Trialwell team onboard. Laura’s passion and commitment for helping people’s health and wellbeing is what led us to invest in this startup. We firmly believe that this venture will positively impact the health and wellbeing of many. This is something that we at Nova, are excited to be part of."
Manchester-based Praetura Ventures backed the round to support the online grocery provider's ongoing scaling and sustainability initiatives.
"We are far from alone in our admiration of Modern Milkman, which has grown at a highly impressive pace and is now eyeing global expansion. As well as the company’s unique and innovative approach to the grocery sector, what attracted us are its highly authentic sustainability pledges and plans to significantly curb plastic use. The business and its founder Simon represent a new generation of Northern businesses, that are transcending sectors and putting the region at the forefront of UK innovation."
