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Other articles in the issue

• eAgronom closes $7.4M Series A to create a farming-based carbon credits platform

  There are plenty of competitors in so-called FMS (Farm Management Software), but so far no global dominant leader has emerged. Agrivi has raised $7.3M, Granular $24.9M and Farmlogs $37M. So there’s clearly plenty of scope for more.

  Now Estonia-based eAgronom, another FMS startup, has closed a $7.4 million Series A round led by Yolo Investments and ZGI Capital. Also participating was Trind VC, Iron Wolf Capital, and United Angels VC. eAgronom is also the recipient of a $600,000 EU grant. eAgronom had previously raised $12 million in backing from investors.

• Sateliot raises 10 million euros in Series A round

  Sateliot raised 10 million euros ($11.4 million) in a Series A investment round the Spanish internet-of-things startup conducted in two tranches. Sateliot raised 6.5 million euros in the first tranche of deals completed in December. At the SmallSat Symposium here, Sateliot executives said they concluded the second tranche.

• Quaise Energy Secures $40M Series A to Unlock Terawatt-Scale Geothermal Energy

  Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the closing of a $40M Series A financing round led by Safar Partners with participation from Prelude Ventures, Fine Structure Ventures, The Engine, Collaborative Fund, Nabors Energy Transition Ventures, and others. Safar Partners’ Arunas Chesonis and Mark Cupta from Prelude Ventures have joined Quaise Energy's Board of Directors as part of the financing.

• ClimateTrade Closes €7 Million Pre-Series A, Targets Another €13 Million to Expand World’s First Climate Marketplace in New Markets

  ClimateTrade, the leading blockchain-enabled climate marketplace, has raised €7 million in a Pre-Series A closed in Europe in late 2021, and is raising another €13 million in a US-focused round set to close upon ClimateTrade’s US reincorporation in the next five months. In total, the company is targeting €20 million of funding for international expansion.

  ClimateTrade is a Spanish-based marketplace helping companies achieve their decarbonization goals by financing certified carbon offsetting and climate-regenerative projects around the world. This new capital will help to grow the startup’s activities in Europe, Asia and the US with new offices in four countries, to expand its technological product offering and to hire new talent.

  The first round was oversubscribed, with interest from more than 90 investment funds. The €7 million was provided by Spanish investment firm GED via its VC fund Conexo Ventures, US power and technology fund ClearSky, blockchain investors Borderless Capital and Algorand, SIX FinTech Ventures, the VC arm of Swiss financial infrastructure provider SIX Group, Spain’s Telefónica via its open innovation hub Wayra, the investment arm of Japanese corporation Omron Ventures, climate VC Amasia, and Valencian impact fund Zubi Capital, which is backed by the founder of payment unicorn Flywire, Iker Macaide.

• Ion Storage Systems Announces $30 Million Series A Funding Round Led by Clear Creek Investments, VoLo Earth Ventures, and Alsop Louie Partners

  Ion Storage Systems (ION) announced the initial closing of its $30 million Series A fundraising round led by Clear Creek Investments, VoLo Earth Ventures, and Alsop Louie Partners. This Series A round builds on the $8 million seed funding round that Alsop Louie Partners led with participation from VoLo Earth Ventures. The Series A round is expected to close by the end of Q1 2022.