London-based venture capital firm that previously led Signol's earlier funding round.
Portfolio
5
companies
Electron
Electron develops marketplace software for flexibility and distributed electricity networks.
Lineat
Converting waste carbon fibre into a reusable sustainable commodity material.
Machine Discovery
Machine Discovery develops machine learning technology to accelerate complex simulations and product design.
Signol
Signol uses behavioural science to help heavy industries reduce emissions.
TOffeeAM
The software company uses artificial intelligence to design sustainable engineering machinery.
Rory Scott Russell
investor
The equity round was led by Green Angel Ventures and the Development Bank of Wales.
"Current carbon fibre material formats are expensive, hard to form into shape and highly wasteful with poor recycling routes. It is more expensive than aluminium and has a much higher footprint CO2e than steel, yet more than 90% end up in landfill."
The round was led by TMV with participation from Ultranav, MOL PLUS, and East Innovate.
"It's crucial that we invest in solutions which can have an immediate impact to improve the sustainability and efficiency of legacy industries like shipping."
The investment round was led by BGF and East Innovate to drive commercial adoption of the company simulation platform.
"Machine Discovery is pioneering the use of machine learning to reduce product development cycles in a variety of sectors."
The funding round was led by East Innovate to support team growth and international expansion.
"We believe that time and location-based markets for energy and flexibility are foundational to the fastest, cleanest path to Net Zero energy. But, when Electron started developing these markets six years ago, the policies, business models and technologies required to support such markets were still unclear."
The round was co-led by Presidio Ventures and East Innovate to support global scaling.
"We are delighted to have received this investment from our funding partners, both new and old. This funding will give TOffeeAM the opportunity to scale globally and continue to help businesses across numerous industries to design innovative products."
