The funding follows co-development agreements with major food and packaging producers.
"Food safety shouldn’t be a guessing game. We’ve built a sensor that does the sniff test for you — turning an invisible chemical signal into something anyone in the supply chain can read at a glance. When you can read the quality of every pack, you can build intelligence about the whole supply chain that has never existed before. With HERmesa’s backing, we can move faster from co-development to commercial rollout and get our technology into the hands of the manufacturers and retailers who need it most."
The funding round was led by the Development Bank of Wales alongside Carbon13 and angel investors.
"Energy costs have risen over 350% since 2021 and carbon emissions from buildings need to reduce by 50% by 2030 but almost 90% of non-domestic buildings don’t have a building management system. This lack of data is hindering the ability to reduce energy costs and carbon emissions."
Octopus Ventures led the oversubscribed seed round alongside participants including Insurtech Gateway and Chaucer Group.
"Carbon removal plays a critical role in the fight against climate change and there is a pressing need to scale these technologies at an unprecedented size and pace. Insurance is essential to enable this rate of growth by de-risking investments into carbon removal solutions and building in incentives that increase the supply of high-quality carbon credits in the market. We are thrilled to have the opportunity to work with Kita in bringing 'first of its kind' carbon insurance solutions to market to help unlock billions of dollars of investment into the space, increase transparency in the Voluntary Carbon Market, and fight the climate crisis."
Zero Carbon Capital led the pre-seed round, with participation from Carbon13 and angel investors.
"BioZeroc’s insight is rooted in nature, where microorganisms create extremely strong structures like coral. We use the power of cutting-edge biotechnology to optimise and scale up a similar bacterial process that binds together the aggregate, replacing the need for conventional cement altogether,"
