The Venture Codex

Participated · Equity · Jan 2024

B2Metric is one of the companies in the Innogate community. According to an announcement posted on LinkedIn, the company has secured a $1.25 million investment. The round was led by Simya VC and included participation from Maxis Innovative GSYF, Inveo Ventures, 100th Year Venture Capital, TT Ventures GSYF, Mindvest GSYF, Ethaum Venture Partners, Leap Investment, and Arman Erman. The list of participating investors shows that multiple funds and an individual backer contributed to the financing. No additional details about B2Metric’s product, future plans, revenues, or user base were disclosed in the announcement.

Participated · Series A · Nov 2022

Faradai provides enterprise software to measure, analyse and report energy and carbon emissions and supports clients in reducing emissions and cutting costs. The company reports data from more than 18,000 sites in 16 countries and lists customers including Shell, IKEA, PepsiCo, Vodafone, M&S, MediaMarkt, BBVA, BNP Paribas and others. Faradai employs 80 team members across five country offices in London, Singapore, Istanbul, Dubai and Madrid. The company plans to use the new funding to expand its carbon and energy analytics solutions globally and to further develop its Net Zero software offering with AI- and IoT-powered tools. The product is positioned for enterprise customers seeking to measure, analyse and act on energy and carbon data. Founders are Sahin Caglayan, Burak Sefer and Utku Simitli. The company is based in London, UK.

Participated · Series A · Sep 2022

Wada Bento builds and deploys a patented hot-chain bento machine that heats and dispenses hot meal boxes in 17 seconds with touch-free pickup. The company offers its hardware, hot-chain logistics and IoT backend as a HaaS solution, allowing restaurant partners to focus on meal preparation while Wada Bento manages operations. Its machines integrate AI and non-personal recognition for purchase analytics, 5G for remote monitoring and preventive maintenance, and are designed for low energy consumption; its lunch boxes are made from biodegradable bagasse. Wada Bento says its technology and HaaS have been verified by over 250,000 bentos sold and deployed by Hong Kong’s top restaurant chains; named HaaS partners include Café de Coral, Cafe de Beans and Lazy Pot. The company has secured MTR machine certification, is entering MTR stations, has landed in Circle K in Vietnam, opened a branch in Hengqin (Zhuhai), and expects a Japanese bento chain to implement its technology in the fourth quarter. Wada Bento intends to continue expanding across Hong Kong, the Greater Bay Area and international markets.