Lian brings deeptech and venture capital experience, currently serving as a general partner at Marvelous and previously as an investment director at Vala Capital. She also maintains board and advisory roles across sustainable materials and climate technology.
Vala Capital represented the London family office in the early stage investment.
"Having spent three years developing our product and building a great team, we launched to market last October and quickly received strong uptake. We are delighted to gain such ringing endorsement from a prestigious family office and this extra funding will help us boost both revenue and market share."
The pre-series A round was backed by investors including AlbionVC and Ponderosa Ventures to support UK rollout and international expansion.
"We believe that Mondra’s footprinting solution can not only assist companies in meeting their scope 3 emissions reductions targets but can also support product development teams in improving products to meet the demands of end-consumers. In this way, we expect Mondra to help customers drive both impact and commercial outcomes."
The funding round was led by Two Magnolias and will support platform development and team expansion.
"This fundraise has been conducted in a very challenging economy, but our merits and successes are firmly rooted in the fact that we have an incredibly strong team that is tackling sustainability in a way that’s never been done before. We’re proud that the VCs we’re working with can see that we are breaking new ground in a global business challenge that is not going away. We believe that approaching sustainability as an ongoing process creates a perpetual space for continual improvement, resilience building and prosperity for all organisations, including our own."
The follow-on funding round was led by OnePlanetCapital to support operational expansion and the rollout of the RAD 40 electric drive.
"RAD Propulsion is building momentum quickly with sought after products. The industry buy-in is snowballing and with an experienced team at the helm in Dan Hook and Richard Daltry the business is on an upward trajectory that we are thrilled to be part of"
The Series A round was led by Untitled VC and will support national expansion and technological development.
"This new funding will be used primarily to develop our technology and invest deeply into the complete decarbonisation of our proprietary washing process."