Led · Equity · Jul 2026

Otrera develops a sodium-cooled fast-neutron reactor (RNR-Na) design derived from CEA research and adapted with recent industrial advances. Its RNR-Na technology is intended to enable repeated use of reprocessed nuclear fuel, supporting a closed fuel cycle that reduces ultimate waste volumes and lessens the need for natural uranium extraction. With the newly announced €17 million financing—partly from France 2030 and partly from a private round including EDF, ADF, Onet Technologies, Exergon and Normandie Participations—the company is entering an advanced engineering phase. Otrera will use the funds to carry out its Avant-Projet Détaillé (APD), develop test capabilities, hire staff, and structure its supply chain. The company has announced plans to site a future industrial facility near Cherbourg (Manche) to prepare manufacturing and assembly of critical components for serial reactor deployment.

Participated · Series C · Jan 2025

BeZero Carbon is a London-headquartered ratings agency for the voluntary carbon market that provides independent, project-level assessments of carbon credits' efficacy in achieving CO2 avoidance or removal. It uses a comprehensive analytical framework to evaluate carbon projects across various risk factors, assigning ratings on a seven-point scale from AAA+ to A; the article also references an 8-point rating scale where each incremental notch commands an average 40% price premium. BeZero's ratings and data are available on over 40 platforms and cover more than 480 carbon credit projects, with customers in over 30 countries and more than 100 corporate subscribers, including UBS, Sumitomo, Emirates NDB, Equinor, Woodside Energy, and ERM. The company has raised $32M in a Series C, bringing total funding to over $104M. Proceeds will be used to expand ratings coverage into compliance carbon markets such as Article 6 and CORSIA and to continue investing in automation. BeZero positions independent, risk-based, project-level ratings as a quality measure for carbon markets and to influence capital and demand toward higher‑rated credits. BeZero Carbon provides carbon credit scoring, risk assessments and analysis, anchored by a freely available methodology that lets investors probe the quality of specific offsets before transacting. The company also sells pay-for-access enriched offset assessments, insights and risk tools and publishes software API plug-ins for third-party carbon credit exchanges. Since launching two years ago, BeZero has signed clients including Equinor, Glencore and Watershed and is pursuing strategic collaborations with Hitachi, EDF and ICE to create standardised trading products. Headquartered in London, the company intends to expand coverage into continental Europe and Asia. The $50 million fundraise will be used to continue investing in its ratings, risk and analytics tools and to support geographic expansion, including planned new offices in New York and Singapore. Company leadership describes the opportunity as a chance to embed carbon trading into economic models to accelerate the net-zero transition. BeZero produces carbon ratings and analytics intended to make ecosystem assets measurable, tradable and investable by creating a new risk language for carbon markets. The company publishes headline letter ratings and summaries freely on its website while operating a subscription platform with full ratings assessments and analytics. BeZero reports more than 230 ratings data points covering over 50% of credits outstanding, and says dozens of major enterprises are trialing or hosting its ratings via API. The team has grown from 45 to 95 people and includes more than 50 research and ratings analysts; the firm is investing heavily in data science, remote sensing, ground-truthing and multidisciplinary research. Future plans emphasize product delivery, adoption-first go-to-market, partnerships with marketplaces and exchanges, continued methodological transparency, and ongoing collaboration with industry and academia to build confidence in the VCM.

Led · Series B · Jan 2025

NatureMetrics provides end-to-end nature monitoring and impact reporting, combining environmental DNA (eDNA) technology with AI and other data sources to deliver site-level biodiversity assessments. The company operates labs in the UK and Canada and a partner lab in Indonesia, and serves customers across 110 countries. It employs a team of over 200 people and counts more than 600 organisations as clients, including Unilever, Anglo American, WWF and Fauna & Flora. NatureMetrics’ core product is its Nature Intelligence Platform, which integrates eDNA, bioacoustics, geospatial and other data to generate actionable biodiversity insights. The company plans to invest the recent funding into enhancing the Nature Intelligence Platform, expanding AI and digital capabilities, and broadening its global reach. These efforts are positioned to help clients meet rising regulatory and reporting demands such as CSRD and TNFD. NatureMetrics applies genetics to frontline ecology, providing comprehensive DNA analysis to monitor biodiversity across soil, freshwater and marine environments. The platform makes biodiversity measurable to help businesses transition to a nature-positive economy. Its first long-term data product in development, iNPI (Intelligent Net Positive Impact), combines eDNA with geospatial data to deliver landscape-level maps of biodiversity value and a managed service for site-based clients seeking quantifiable net gains. The company currently operates two eDNA labs in the U.K. and Canada and has delivered data on species ranging from bacteria to blue whales. NatureMetrics recently raised more than €14 million to scale its offerings and respond to rising demand from ESG-conscious investors and regulators. NatureMetrics is a nature-data business that surveys biodiversity at scale by identifying species from tiny traces of environmental DNA in soil and water. The company has processed tens of thousands of samples for clients worldwide, including WWF, supporting surveys from UK ponds to coral reefs in Mozambique and environmental impact assessments for wind farms, hydropower and mines. Over its five-year history the team has refined methods to extract and report minute quantities of DNA. The £6.5m Series A will fund relocation to Surrey Research Park, a three-month laboratory build-out and scaling of biodiversity-data delivery to businesses, NGOs and governments. NatureMetrics plans to move up the value chain to supply nature data to ESG investors, consumer supply chains and governments and intends to grow headcount from 45 to about 70 by year-end. Separately the company secured a £250,000 Innovate UK grant to develop in-field detection methods for invasive species, expanding potential applications in conservation and disease monitoring.

Participated · Equity · Jun 2024

Gireve is a Paris-based provider of a B2B platform for electric vehicle (EV) charging that connects mobility stakeholders with charging stations worldwide. Its platform connects over 500,000 charging points and records more than 100 million charging sessions annually. The system facilitates contracting, invoicing, and data exchange between different players in the sector. Gireve intends to use recent funding to accelerate expansion in Europe and internationally. The company plans to develop new services such as Plug & Charge and Clearing and to further build out its data and consulting solutions. These moves aim to broaden the platform's service set and commercial integrations across the EV charging ecosystem.

Participated · Equity · Apr 2024

NEoT Green Mobility (NGM) is a platform that finances zero‑emission mobility and offers E‑Mobility‑as‑a‑Service covering batteries, vehicle fleets and charging infrastructure. It primarily operates across Europe and serves sectors including public transport, shipping, rail and smart charging. NGM has expanded beyond electric mobility and is moving into the hydrogen sector. The platform is backed by NEoT Capital, which develops investment platforms to fund zero‑emission equipment and is supported by partners including Mitsui&Co, Forsee Power and EDF. NGM reports over €200M in assets under management or in deployment, mainly in France, the UK and Scandinavia, and aims to reach a €500M asset base by 2025. The firm plans geographic expansion across Western, Central, Eastern and Northern Europe and to position itself as a key financing partner for e‑mobility operators and local authorities. NEoT Green Mobility offers turnkey zero-emission transportation leasing and services to public authorities and transport operators. It owns and leases assets including electric buses and coaches, batteries for electric vehicles, and electric vehicle charging infrastructure. Today the company has over €40m of assets under management under mid- to long-term contracts, mainly in France and the UK. NEoT aims to expand across Western and Northern Europe. The company is financing its pipeline of future projects with a c.€30m investment agreed with 3i European Operational Projects Fund. 3i EOPF is investing alongside Mirova and will join existing shareholders EDF and Banque des Territoires.