Led · Series A · Jun 2026

NS/TX Industries (doing business as NEW/SCHOOL FOODS) operates a vertically integrated manufacturing platform built around a proprietary, tuneable scaffolding and texturization technology for meat and seafood analogues. The platform supports production of whole-cut formats (steaks, filets), non whole-cut formats (burgers, strips), and a wide range of species analogues with tuneable texture, flavor delivery systems, and cleaner-label nutrition. The company operates a 28,000 sq. ft. facility in Toronto and launched a V1 commercial assembly line in late 2024, achieving more than a 10x reduction in production costs through extensive trials, equipment upgrades, digital QA, and process breakthroughs. Those developments generated new patents and proprietary equipment designs. NS/TX provides production, R&D, and co-manufacturing services and delivers consumer- and restaurant-facing products via its NEW/SCHOOL FOODS brand. The company has raised over $30 million USD in private and government funding and is now scaling via construction of an automated V2 Assembly Line to increase capacity by over 10x and further lower costs.

Led · Series A · Mar 2026

Seprify engineers a proprietary cellulose-based materials platform that replaces titanium dioxide, a widely used but increasingly regulated whitening and opacifying additive. Its flagship grades include SilvaLuma, an SPF-boosting ingredient for cosmetics and personal care, and SilvaAlba, a food-grade whitening solution. The platform has been validated at technology-readiness levels 7–9 through collaborations with industrial partners and is now moving through supplier qualification, early commercial contracts and procurement negotiations. More than 100 customer organisations are actively evaluating or purchasing the material, demonstrating early market traction. Near-term priorities focus on guaranteeing consistent quality and supply for cosmetics, personal care, food and pet food markets, while scaling production for higher-volume segments such as coatings, inks and printed electronics. The company holds a broad intellectual-property portfolio covering process, product and end-use applications. Although still pre-scale, the recent capital infusion positions Seprify to transition from pilot to commercial manufacturing and meet large industrial demand.

Participated · Equity · Dec 2022

NORNORM is a Copenhagen-based company that offers circular workplace furniture solutions, furnishing offices through a model that emphasises reuse and sustainability. The firm positions its service as an alternative to traditional furniture purchasing, allowing companies to access high-quality office setups while reducing waste. According to the article, NORNORM is ‘IKEA-backed,’ signalling strategic alignment with one of the world’s largest furniture groups. The company reports that it is already profitable across its core markets, underscoring operational traction and disciplined cost management. While specific revenue or user metrics were not disclosed, the newly announced funding indicates continued investor confidence in its growth potential. The fresh capital is expected to help the company scale its circular model and expand to additional geographies or product categories, though detailed expansion plans were not specified.

Participated · Series C · Jan 2018

Aledia is pioneering a nanowire/nanocrystal microLED technology spun out of CEA-Leti in 2012, developing LED chips for laptops, tablets, smartphones, smartwatches, augmented-reality glasses and large TVs. The company uses very large-size silicon wafers (200–300mm) and microelectronics processes rather than conventional planar 2D LEDs on smaller sapphire substrates, and its technology is protected by 197 patent families. Aledia closed an €80M first tranche of a planned €120M D-round and will use the proceeds to complete product development and build a first-of-its-kind high-volume 3D microLED manufacturing facility in the Grenoble area. The planned facility has an estimated capex of €40 million (excluding equipment), and the company expects to invest over €200 million in equipment over the next five years. Aledia plans to grow to approximately 500 employees as it scales manufacturing. Strategic partners and investors, including Intel Capital and a range of technology and investment funds, are reinvesting to support commercialization. Aledia develops and manufactures next-generation 3D LEDs based on a gallium-nitride-nanowires-on-silicon platform. Its LEDs are produced on large-diameter silicon wafers (200mm, scalable to 300mm) and designed for mobile and other display applications. The company is pursuing both large/existing displays (smartphones, laptops, tablets) and smaller, emerging displays for VR/AR/MR and smartwatches using megapixel integrated silicon chips. Aledia is working with several large industrial partners to develop next-generation displays. It intends to use recently raised funds to accelerate technology development and acquire critical equipment. The company is led by CEO, chairman and co-founder Giorgio Anania and has subsidiaries in the US, Taiwan and Malaysia. Aledia develops and manufactures next‑generation 3D LEDs using a Gallium‑Nitride‑on‑Silicon (nanowire) platform. Its LEDs are produced on large‑diameter silicon wafers (200mm/8-inch) and are designed to be significantly less expensive than traditional 2D LEDs. The technology allows integration of electronics into the LED and the company is also working on next‑generation displays. Aledia has been advancing development and customer traction, signing development and supply contracts with major LED buyers. The company highlights automotive as a key market opportunity and cites a recently completed oversubscribed financing to accelerate development. No revenue or user metrics were disclosed in the article. Aledia develops and manufactures innovative LEDs based on a 3D architecture using gallium-nitride (GaN) microwires grown on silicon. Its GaN-on-silicon microwire technology is produced on standard 8-inch (200 mm) silicon wafers using existing CMOS wafer-fabrication processes and tools. This approach enables LED chip production at a cost four times less than traditional planar (2D) LEDs. The technology was developed over six years at LETI-CEA in Grenoble, and as part of the spin-out Aledia received exclusive worldwide rights to current and future CEA patents on microwire lighting technology. The company was co-founded in 2011 by Giorgio Anania (President & CEO), Xavier Hugon (COO) and Philippe Gilet (CTO), and is based in Grenoble, France. Aledia completed its first financing, raising €10m from Sofinnova Partners, Braemar Energy Ventures, Demeter Partners and CEA Investissement; the article does not disclose operating metrics or planned use of proceeds.

Participated · Series D · Oct 2017

AeroFarms operates a 138,670-square-foot vertical farm at Cane Creek Centre in Ringgold, Virginia, where it produces micro bok choy, kale, broccoli, arugula and other microgreens for chains such as Whole Foods, Harris Teeter and The Fresh Market. The company shifted its commercial production from New Jersey to this Virginia site in April 2023 and has signaled plans to build a second farm, having begun pre-construction work using recently raised equity. Despite filing for Chapter 11 bankruptcy in 2023 and experiencing the withdrawal of support from its largest investor in December 2025, AeroFarms continues to seek strategic and long-term financing solutions. As of mid-January 2026, it employs about 135 people, though 127 positions could be eliminated if the farm closes on February 27. In August 2025 the firm refinanced debt and secured equity from existing backers Grosvenor Food & AgTech, Ingka Investments and Cibus Capital, while Siguler Guff supplied an asset-based loan. The current short-term funding extends operations only through late February 2026, underscoring the company’s ongoing liquidity challenges and need for stable capital.