Participated · Series D · Jul 2026

Founded in 2014 and headquartered in Lisbon, BIZAY operates a digital platform that offers a broad catalogue of customised products—marketing materials, packaging, promotional items and business essentials—to small and medium-sized businesses in over 50 countries. The platform combines technology and AI with a network of production partners to support the end-to-end process from product customisation and ordering to production, fulfilment and customer service. BIZAY is expanding its AI capabilities to automate catalogue management, manufacturing operations and customer support. The company plans to use its new funding to accelerate US expansion and pursue acquisitions in the fragmented customised products market. Management projects that 2026 will be its first profitable year, with annual revenue expected to exceed $100 million.

Participated · Equity · Apr 2025

Grid Edge provides AI-powered software that collects data from meters, sensors and building management systems, combines it with external data such as energy tariffs and weather feeds, and uses machine learning to model workplace operations and recommend energy optimisations. Its platform is deployed in developments including Birmingham’s Bull Ring shopping centre and London’s Royal Opera House, and is used by building owners and facilities management companies including Amey, Equans and OCS. The company reported a 150% increase in annual recurring revenue (ARR) in the last year and says it is on course to almost triple ARR again within two years while increasing locations from 120 to 400 in the same period. Grid Edge currently has a 28-strong team and plans to create 15 new jobs in sales, customer support and technical roles. It intends to use the funding to take on more customers and continue developing the platform. The funding is subject to approval under the UK National Security and Investment Act.

Participated · Equity · Jan 2025

Advanced Ionics is a Milwaukee, WI-based developer of a new class of green hydrogen electrolyzers aimed at accelerating decarbonization. Its core product, the Symbion™ Electrolyzer Technology, works with process and waste heat and water-vapor electrolysis to produce lower-cost decarbonized hydrogen. The company says the platform enables industrial hydrogen producers and users to achieve greater sustainability. Advanced Ionics intends to use the $6.7M funding to accelerate development of its water-vapor electrolyzer technology and to build out manufacturing and research and development facilities. The funding round brought in new backers JERA, Lummus Venture Capital and the Argosy Foundation alongside existing investors Clean Energy Venture Group and bp Ventures. The board has appointed Ignacio Bincaz as chief executive officer to lead the next phase of development. Advanced Ionics develops electrolyzers that operate in the 200°C–600°C range to produce hydrogen for industrial feedstocks such as ammonia, petrochemicals, steel and glass. By targeting mid-range temperatures, the company avoids exotic materials and reduces both electricity and steam-generation energy compared with low- and very-high-temperature designs. Its electrolyzer can produce 1 kg of hydrogen with about 35 kWh of electricity, materially below today’s commercial electrolyzers that require just over 50 kWh per kg. The approach is intended to match heat profiles already present at many industrial sites, lowering integration costs. Advanced Ionics is running pilot projects that cover equipment and manufacturing, and plans to expand its team as it scales. The company is based in Milwaukee and was part of TechCrunch’s 2022 Startup Battlefield 200, where it became a finalist. Advanced Ionics develops SymbioticTM Electrolyzer Technology that integrates with industrial facilities and pre-existing processes to produce low-cost green hydrogen. Its electrolyzers leverage process and waste heat to reduce electricity usage by up to 40% versus power-intensive alkaline and membrane systems, enabling hydrogen production for less than $1/kg in many industrial locations. The company targets decarbonization of heavy industry—including ammonia and other energy‑intensive chemicals, steel and machinery, and oil refining—reducing reliance on natural gas. Advanced Ionics is headquartered in Milwaukee and is based in the U.S. Midwest, near manufacturing and industrial customers. With the new financing, the company plans to accelerate its product development roadmap, scale-up, and implement pilot and demonstration projects over the next year. Longer-term plans include deploying larger-scale projects and building a large-scale electrolyzer manufacturing facility to serve markets such as Europe and North America.

Led · Series A · Dec 2024

Zingbus is a technology solutions platform that aggregates small and medium-sized intercity bus operators under a branded marketplace to standardize India’s intercity bus travel. The company helps partner operators increase profitability and deliver a more reliable experience to travelers. Since its 2019 founding, Zingbus has served more than two million users across 300 Indian cities. It has a commercial agreement with Jio-bp pulse to utilize EV charging networks and convenience sites for bus operators on its platform. The company intends to use the Series A proceeds to scale operations and grow its team. Founders are Prashant Kumar, Mratunjay Beniwal and Ravi Verma. Zingbus is an intercity-mobility company focused on providing intercity bus services. The company was founded in 2019 by Prashant Kumar, Mratunjay, and Ravi Kumar Verma and participated in Y Combinator’s Winter 2021 class. It raised $6 million in a pre-Series A round led by Infoedge Ventures. Funders Club, Pioneer Fund, Anim Fund (Founders Fund Scout), Locus Ventures, and Liquid 2 Ventures participated in the round; Advantedge Technology Fund, 9Unicorns, and Venture Catalyst are listed as existing investors. CEO Prashant Kumar said the pandemic created a unique opportunity to rapidly build in a fragmented, largely unbranded market and has raised customer expectations around hygiene and safety. The article also references Flixbus—noting $650 million invested by General Atlantic, BlackRock, Silver Lake, and Canyon Partners—as a worldwide equivalent for context.

Led · Series C · Dec 2024

Oxford Flow is a manufacturer of advanced valve technologies based in Oxford, UK. Founded in 2015 by Professor Thomas Povey and led by CEO Neil Poxon, the company produces flow control equipment distinguished by a unique piston design. Its product range includes gas and liquid regulators, actuated valves and ancillary products. The company recently raised $25M in a Series C funding round. Oxford Flow intends to use the funds to expand operations and to support its development efforts. Oxford Flow designs and manufactures pressure control equipment using technology developed at Oxford University. Its product line includes pressure reducing valves (PRVs) and gas pressure regulators intended to reduce costs for energy, water and process industries. The company is led by CEO Neil Poxon. Oxford Flow secured £8.45m in funding from eight parties to support scaling of its utility and industrials manufacturing and international expansion. Existing investors Oxford Sciences Innovation, Parkwalk, Oxford Investment Consultants and the University of Oxford contributed £5.6m of the round; the remainder came from GF Piping Systems, individual investor Nick Harbinson and companies associated with GK Goh. The company plans to use the funds to increase headcount in Oxford, UK and Houston, US, scale manufacturing and continue expanding internationally.