Participated · Series B · Aug 2025

AND Global offers digital lending services and FinTech solutions, including AI-powered products, aimed at expanding financial inclusion for underserved individuals and businesses. The company was founded in 2017 in Mongolia and operates 13 subsidiaries with around 250 employees. It maintains offices in Mongolia, Japan, Singapore, the Philippines and Thailand and has activities across 11 countries. AND Global plans to use new capital to expand its AI-powered solutions and develop tools for financial institutions serving micro, small and medium-sized enterprises (MSMEs). Management has stated an intention to scale operations across Southeast Asia to increase reach and impact. AND Global is a Singapore-incorporated financial technology firm. The company operates a subsidiary named AND Systems. AND Global has raised $2.8 million in funding from South Korea’s Rhinos Asset Management. The capital is intended to finance AND Systems’ expansion push into Myanmar and the Philippines. The article does not disclose the company’s core product details, revenue, user metrics, or the specific instrument used for the funding.

Led · Series B · Jan 2025

Altilium Clean Technology focuses on commercial-scale recycling of end-of-life electric vehicle batteries to recover battery-grade materials such as nickel mixed hydroxide precipitate, lithium sulphate, and graphite. The company is developing the ACT3 facility in Plymouth, Devon, which is shovel-ready and aims to process up to 24,000 EV batteries per year, with permitting underway. Altilium plans a follow-on ACT4 facility to expand capacity to handle up to 150,000 batteries annually and to host the UK’s only production of cathode active materials. The business expects the ACT3 project to create about 70 high-value clean technology jobs in the South West of England. Its recent capital injection is an £18.5 million government grant from the DRIVE35 Scale-Up Fund, intended to accelerate scale-up of its recycling capabilities and support a domestic circular battery materials supply chain.

Participated · Series C · Jul 2024

Kyoto Fusioneering develops engineering systems for fusion energy plants, including gyrotron plasma-heating systems, fusion heat-cycle systems, and fusion fuel-cycle systems. The company is advancing integrated test plants UNITY-1 and UNITY-2, with UNITY-1 in the final stage of demonstrating liquid-metal loop power-conversion technology and UNITY-2 slated to begin integrated fuel-cycle demonstration in Canada in 2026. It is a 2019 spinout leveraging Kyoto University research and is actively partnering with research institutions and industry globally. Kyoto Fusioneering also participates in Japan’s FAST commercial-scale fusion demonstration project aimed at power demonstration in the 2030s. The company recently expanded its R&D hub adjacent to its headquarters to test individual fuel-cycle devices and systems. On the business side, it has commercial adoption of its gyrotron system in countries including the UK, US, Germany, and Czechia. Financially, the company reported a new combined equity and debt raise totaling ¥9.38 billion and a cumulative equity financing total of ¥16.26 billion. Kyoto Fusioneering develops fusion-plant equipment and systems including plasma heating devices, heat-extraction blankets, high-performance heat exchangers, and hydrogen-isotope transport pumps. The company is advancing UNITY-1 and UNITY-2 projects, including a UNITY-1 power-test plant now installing major equipment and planning a simulated-environment power demonstration around summer 2025. It has formed a joint company with Canadian Nuclear Laboratories (Fusion Fuel Cycle Inc.) and added industry experts to accelerate a fusion fuel-cycle roadmap. The firm is also developing gyrotron systems with industry–academia collaboration to test high- and multi-frequency oscillation, and is expanding operations through a new European subsidiary (Kyoto Fusioneering Europe Gmb). As of the press release it employed 133 people across headquarters, research centers, and overseas offices. Financially, the company has raised significant capital to date and is directing funds toward technology development, global expansion, hiring, and working capital for large contract execution. Kyoto Fusioneering develops fusion‑energy plant equipment and engineering solutions, including plasma heating systems (gyrotrons), thermal‑cycle and fuel‑cycle systems, high‑performance heat exchangers, and hydrogen‑isotope transfer pumps. Since its 2019 founding based on Kyoto University research, the company has advanced R&D projects such as UNITY‑1 in Japan and UNITY‑2 in Canada (with CNL) to mature its Thermal Cycle and Fuel Cycle technologies. It has strengthened partnerships with public research bodies and academic institutions including UKAEA, CNL, KIT, ORNL, SRNL, and Tsukuba University, and recently won a new gyrotron order from General Atomics in the U.S. The company operates from Tokyo (headquarters), a research site in Uji (Kyoto University Uji campus), and offices/subsidiaries in Reading, UK and Seattle, U.S., and had 124 employees as of April 1, 2024. Kyoto Fusioneering aims to accelerate technology development, build supply chains, and commercialize fusion components globally by leveraging investor expertise. Financially, the company has completed multiple fundraises: the Series C extension added ¥1.56B (15.6億円), bringing Series C cumulative proceeds to 120.6億円 and total cumulative fundraising to 137.4億円. Kyoto Fusioneering is a Japan-based nuclear fusion startup. The company was reported to have raised $79 million in an oversubscribed Series C funding round. The article does not provide details on the participating investors or the breakdown of the financing. No operating metrics, use of proceeds, or future-product plans are described in the coverage. The financing was announced in an Asia Digest that also noted other regional startup rounds. Beyond the Series C amount and its oversubscribed status, no additional financial particulars were included. Kyoto Fusioneering is a fusion energy startup based in Japan that develops plant engineering technologies for fusion reactors, including plasma heating (gyrotrons) and heat extraction (blankets). The company raised 1.33 billion yen ($11.7M) in a Series B and has now raised 1.67 billion yen ($14.7M) to date. It also secured 800 million yen ($7M) in debt financing from Bank of Kyoto, Sumitomo Mitsui Banking Corporation and MUFG Bank. The Series B was supported by existing investors including Coral Capital Co., with participation from Daiwa Corporate Investment, DBJ Capital, JAFCO Group, JGC MIRAI Innovation Fund and JIC Venture Growth Investments. Kyoto Fusioneering will use the funds to accelerate research and expand the business, developing its plant engineering technologies needed for fusion reactor projects. The company has been awarded several contracts to support the U.K. government's STEP prototype reactor program, a development the article describes as key to its future as it expands abroad.

Participated · Series C · Apr 2024

AiDash provides full-stack SaaS solutions that combine satellites and AI to help critical infrastructure industries become climate-resilient and more sustainable. Its products serve customers in electric, gas, and water utilities, transportation, and construction by transforming asset inspection and maintenance. The company also helps customers comply with biodiversity net gain mandates and carbon capture goals. AiDash states customers deliver ROI in their first year of deployment through reduced costs, improved reliability, and achieved sustainability goals. The company is preparing to scale globally and execute on its growth ambitions following its recent raise. Financially, AiDash has raised a total of $91.5 million to date after closing an oversubscribed Series C at $58.5 million. AiDash provides satellite- and AI-powered vertical SaaS products for operations, maintenance, and sustainability, targeting utilities, energy, mining, and other industries with distributed assets. Its product suite includes an Intelligent Vegetation Management System, an Intelligent Sustainability Management System, and a Disaster and Disruption Management System (DDMS) that forecasts storm and wildfire outages and damages in near real-time. DDMS supports planning, response, and restoration for utilities, energy companies, governments, and cities before, during, and after extreme events. The company says the recent capital will be used to enhance product capabilities, accelerate R&D, hire new talent, and expand into additional global markets. AiDash reported nearly 3X year-over-year annual recurring revenue growth within 12 months, doubled headcount and customer base, and reached over 75 utility customers in 2022, including Fortune 500 companies. The company is positioning its technology to modernize electric grids, reduce vegetation-driven outages, and integrate with Schneider Electric’s EcoStruxure Grid Asset Advisor to drive grid resilience and sustainability. AiDash is an AI-first vertical SaaS provider that uses high-resolution multispectral and SAR satellite data fed into proprietary AI models to automate operations, maintenance, and sustainability for industries with geographically distributed assets. Its flagship Intelligent Vegetation Management System (IVMS) combines hi-res multispectral imagery and ground data to automate vegetation management for large utilities, with aims such as preventing wildfires and reducing storm damage. The company serves utilities, energy, transportation, water and wastewater, mining, and construction customers and now counts over 30 customers across the U.S., U.K., and Canada. In the past year AiDash grew customer count sixfold, annual recurring revenue fivefold, and headcount fivefold; it signed its first customer in early 2020. AiDash plans to use new capital to expand IVMS and other product offerings, accelerate product innovation, hire talent, and expand globally across North America, the U.K., and Europe. The company positions IVMS as the only proven satellite-powered vegetation management system and emphasizes multi-source data and workflow automation to help utilities meet stricter green regulations and improve disaster management. AiDash uses high-resolution multispectral and SAR satellite imagery combined with proprietary AI models to deliver satellite-powered operations and maintenance solutions for utilities, energy, and other industries with geographically distributed assets. Its applications focus on Vegetation Management, Remote Monitoring & Survey, and Disaster and Disruptions Management, and the company says its Intelligent Vegetation Management System is the world’s only satellite-powered vegetation management system deployed at scale for large utilities. AiDash works with several Fortune 500 utilities in the United States. The company is based in the San Francisco Bay Area (Santa Clara, Calif.) and plans to expand operations into Europe, Australia and Asia. AiDash raised $6 million in a Series A funding round and will use the proceeds to boost product innovation, hire new talent and support global expansion. The founding team are described as serial entrepreneurs and IIT alumni with prior exits and experience running Tier-1 VC-funded companies, and two investors’ representatives will join the board.

Led · Series C · Jan 2024

D-Orbit leverages its experience with flown orbital transfer vehicles to offer managed orbital logistics services, including last-mile payload delivery, orbital transfer and hosted services on a subscription basis. The company is pursuing a Deorbit-as-a-Service (DaaS) model intended to let customers define mission objectives while D-Orbit provides the vehicle and operations, aiming to reduce time and cost compared with buying dedicated hardware. Through the DIU/SDA award, D-Orbit Space will demonstrate rendezvous, docking and other on-orbit capabilities that could enable refueling, repair, inspection and repositioning missions in low Earth orbit. For the DaaS demonstration D-Orbit Space will lead the effort with partners TransAstra and Falcon Exodynamics. The company positions the service model as scalable and resilient to meet repeated government mission demands.