Led · Equity · Sep 2025

Aurium is spearheading a major residential development in Dublin in collaboration with Irish housebuilder Castlethorn and Dublin City Council. The project has attracted institutional backing, underscoring Aurium’s role as a key facilitator of large-scale housing schemes. While detailed operating metrics such as total units, revenue, or pipeline figures were not disclosed, the company’s ability to secure substantial institutional capital highlights the market confidence in both the developer and the project. Aurium’s focus is currently centered on bringing this Dublin scheme to fruition, leveraging strategic partnerships to deliver new housing stock. The firm’s capital structure for the project now includes a €73 million commitment from Ingka Investments, the investment arm of IKEA’s largest franchisee. This funding positions Aurium to advance construction and meet project milestones. No additional information on future projects, founding year, or broader portfolio was provided in the article.

Participated · Series B · Sep 2024

Baseload Capital is a Swedish company scaling geothermal energy worldwide by developing and commercializing a global portfolio of projects. Its core offering is a geothermal energy platform and project pipeline that targets underutilized resources to deliver stable, carbon‑free baseload power. The company and its Baseload Power subsidiaries operate in mature markets such as Iceland, the US, and Japan, and in emerging markets like Taiwan. Baseload aims to unlock a broadly unexploited global potential estimated at 200 GWe and 5000 GWth using existing technology. The recently closed funding will be used to commercialize the company’s current portfolio of projects and advance its development platform. Breakthrough Energy Ventures’ participation is noted as a quality mark given BEV’s investment criteria tied to large emissions reductions. Baseload Capital is a Swedish backer of geothermal projects with a portfolio spanning Iceland, Taiwan, Japan and the U.S. The company focuses on developing and financing geothermal assets across various development phases. It signed a €25 million convertible debt facility agreement with UK-based SDCL Energy Efficiency Income Trust plc (SEEIT) to refinance operational assets and assets in construction or late-stage development and to finance future pipeline projects. The facility carries a 10-year duration after each drawdown and funds become eligible when the bond is redeemed. CEO Alexander Helling said the financing enables Baseload to roll out projects faster and provide project financing to assets under development and construction. SEEIT is listed on the London Stock Exchange, is a FTSE 250 constituent, and has a strong focus on sustainability and ESG. Baseload Capital develops low-temperature geothermal and heat power projects focused on harnessing geothermal and waste heat for affordable renewable heat and power. The company recently took on strategic investment partners to accelerate deployment in key markets. Chevron, Breakthrough Energy Ventures and Gullspang Invest AB are participating, with financing provided via CTV’s Core Venture fund. Financial terms of the deal were undisclosed; Baseload said it had been seeking a strategic investor to help accelerate deployment. Baseload and Chevron are planning pilot projects to test the technology and could leverage Baseload’s current operations in Japan, Taiwan, Iceland or the United States. CEO Alexander Helling said Chevron’s expertise in drilling, engineering and exploration is expected to accelerate deployment and strengthen their way of working. Baseload Capital was formed by Swedish parent company Climeon about a year ago to invest in special purpose vehicles that build geothermal power plants using Climeon’s modules. The firm takes equity stakes in those SPVs and also provides debt financing to develop projects. Climeon’s modules stand around two meters cubed and produce about 150 kilowatts of electricity, roughly enough for 250 European households. Modules list for EUR350,000 and customers pay EUR5,000 per-module per-year for Climeon’s power plant management software. Baseload and Climeon target geothermal as well as shipping and heavy industry applications. The company reports an order backlog of roughly $88 million and is developing projects globally, including SPVs in Japan.

Participated · Series B · Jun 2024

Waabi builds a Physical AI platform that couples a verifiable, end-to-end AI model with an advanced neural simulator, allowing one shared ‘brain’ to control both autonomous long-haul trucks and urban robotaxis. The technology is designed to reason about the physical world and speed safe deployment of self-driving vehicles. With its latest financing, the company is focusing on accelerating commercial rollout in autonomous trucking while preparing a push into ride-hailing robotaxis through a new partnership with Uber. Waabi intends to run its robotaxi service exclusively on Uber’s platform, leveraging the additional milestone-based capital committed by Uber. The firm positions its simulator as a key competitive advantage, enabling rapid AI training and validation without excessive on-road testing. Financially, Waabi has now secured up to $1 billion USD of fresh capital, including a $750 million Series C round and contingent follow-on funding from Uber. This infusion provides significant runway to scale its engineering team, expand pilot programs, and advance toward full-scale commercialization.

Participated · Equity · Apr 2024

Urban Jungle is a London, UK-based insurance technology startup that provides home insurance to renters and homeowners. Founded in 2017 by Jimmy Williams and Greg Smyth, the company uses technology, including AI and machine learning, to catch fraud and offer a 100% online service. The startup has 70 UK staff in England and has served over 200,000 customers. Urban Jungle raised $14M in funding in this round, bringing total capital raised to $55M. Backers included Intact Ventures, Ingka Investments, Mundi Ventures, Eka Ventures, Sony Innovation Fund, and angel investors including former Prudential UK CEO Rob Devey. The company intends to use the funds to continue to scale its UK home insurance business, add new verticals, and continue to hire. Urban Jungle is a London insurtech that provides 100% online home insurance for renters and homeowners, leveraging AI and machine learning to detect fraud and keep premiums affordable. Founded by CEO Jimmy Williams and former Google developer Greg Smyth, the company emphasizes fairness and transparency in insurance. It recently reached 100,000 customers in the U.K. and plans to use new funding to rapidly scale its U.K. business and enter additional markets. The business will also create 100 new jobs in the U.K. as part of its expansion. Financially, Urban Jungle has raised a total of £32 million to date, including a £16.5 million Series A and an earlier €9 million round. Urban Jungle is a London-based contents insurance startup and managing general agent that leverages data and machine learning to detect fraud and expand access to insurance for younger demographics. Founded in 2016 by former Google and Facebook developer Greg Smyth and Jimmy Williams, the company offers digital policies for renters, shared housing dwellers, and others often denied traditional coverage. Policies cover phones, bikes, furniture and other belongings against fire, theft and vandalism, storms and flood, accidental damage, tenant liability, household leaks, public liability and alternative accommodation. The firm reports roughly 40,000 customers and a headcount of 30, with customer numbers more than doubling over the pandemic. Urban Jungle says the €9 million raise will be used to continue scaling operations and add new insurance products to its lineup. Urban Jungle targets so-called “generation rent” with contents insurance, gadget insurance and tenant-liability policies, including a contents product focused on house and flat sharers. The startup also offers a pay-as-you-go policy and emphasizes transparent pricing terms. It automates the majority of processes and uses data to customise cover and make pricing fairer, aiming to make buying, managing and claiming insurance cheaper and easier. Co-founder Jimmy Williams says the company is fixing home insurance and addressing outdated pricing and offline sales channels. Urban Jungle reports more than 15,000 customers and growth of over 30% per month. The newly disclosed funding round increases the company's total raised to £3.7 million to date. Urban Jungle builds tech-driven insurtech products to improve the home insurance experience for the UK’s growing population of urban renters and sharers. Co-founded in 2016 by Jimmy Williams and Greg Smyth, the company is based in London. It completed a £1m seed funding round to support product launches and expand distribution relationships. The funds will be used to launch several new products, including one targeted at house and flat shares. Urban Jungle also intends to further build relationships with distribution partners and continue building out services within its tech stack. No operating metrics were disclosed in the article.

Participated · Series C · Jun 2023

Winnow develops AI-enabled systems that recognise and record food waste at the point it is thrown away, capturing 100% of the waste stream and delivering analytics to identify where wastage occurs. Its tools enable kitchens to optimise operations, change behaviour, and reduce waste; customers average a 50% reduction in food waste and 2–8% cost savings. Winnow is deployed across more than 2,000 sites in over 70 countries and counts major hospitality brands among its users. The company is headquartered in London with offices in Singapore, Chicago, Dubai, and Cluj-Napoca, and is a Certified B Corporation. Winnow plans to expand further into Asia (notably Singapore, Japan, and Indonesia) and to continue enhancing its AI capabilities to bring greater profitability and sustainability to commercial kitchens. Winnow builds computer-vision and AI tools that identify wasted food items in real time and provide analytics to help kitchen teams pinpoint waste sources. Its solution is designed for the hospitality sector, where the company estimates more than $100 billion of food is wasted annually. Winnow says its analytics have helped clients cut waste in half by enabling operational improvements. The company reports its solutions have saved $174 million and reduced 217,000 tonnes of CO2e emissions worldwide, equivalent to nearly 50,000 cars off the road for a year. Winnow plans to use new funding to further develop and expand its AI capabilities and increase impact across its customer base. The product-focused approach pairs automated detection with actionable insights for operators to reduce costs and emissions. Winnow develops smart kitchen technology, notably its Winnow Vision product, which uses computer vision to automatically track discarded food. The company says Winnow Vision has reached and surpassed human levels of accuracy in identifying food waste. Winnow serves commercial hospitality clients including Ikea and the Armani Hotel in Dubai and aims to enable better inventory decisions by automatically capturing discard data. The startup reports that kitchens using its system typically see a 40–70% reduction in food waste within 6–12 months, driving food-cost savings of 2–8%. Financially, Winnow recently raised $12M in a Series B and secured an $8M loan from the European Investment Bank, adding $20M of capital in the last month. It plans to use the new funds to improve its technology and double down on product development, including hiring QA engineers and front-end developers, while noting its main costs are hardware and service delivery for each deployed unit. Winnow develops the Winnow Waste Monitor, a system of smart scales and a tablet app that lets kitchen staff log discarded food; data are uploaded to the cloud, analysed by Winnow’s algorithm, and shared to reduce waste. Launched in May 2013 and led by founder and CEO Marc Zornes, the company serves more than 600 commercial kitchens including IKEA, Compass Group and AccorHotels. Winnow says its customers collectively save about 4,300 tonnes of food waste annually and that customers typically cut food waste in half within 12 months, reducing food purchasing costs by 3–8%. To support this growth the company disclosed a further $7.4M in funding. The product targets both environmental impact and margin improvement for thin-margin hospitality operators by turning waste data into actionable insights. Winnow offers a set of smart scales that sit under kitchen bins and a tablet app that lets staff log discarded food; that data is uploaded to the cloud and analyzed by Winnow’s algorithm. The system delivers daily reports to chefs highlighting top areas of waste by value so they can adjust operations and reduce costs. Winnow says clients typically see a 30–60% uplift in food profitability by cutting food waste. The company launched in May 2013 and is London-based, and it reports working with over 200 kitchens, including Compass Group, Accor Hotels and River Cottage Canteens. Winnow recently opened an office in Singapore to serve the Asia–Pacific market. It raised a $3.3M Series A to further develop the product and support global expansion.