Fontinalis Partners
Assembly Line
Swift Solar Announces $27 Million Series A Funding Round
Swift Solar, a pioneering American solar technology company, announced the close of its $27 million Series A financing round. This milestone is a major step forward for U.S. manufacturing of advanced perovskite solar technology.
The round was co-led by Eni Next and Fontinalis Partners. Eni Next, the corporate venture capital arm of Eni, invests in high-growth start-ups with the most innovative, disruptive, and scalable technologies to accelerate the energy transition toward a zero-carbon future. Fontinalis Partners is a mobility and deeptech VC firm that invests in early-stage companies enabling efficient and sustainable movement of all forms. Also joining the round are new and existing investors including Stanford University, Good Growth Capital, BlueScopeX, HL Ventures, Toba Capital, Sid Sijbrandij, James Fickel, Adam Winkel, Fred Ehrsam, Jonathan Lin, and Climate Capital.
The improvements in efficiency and durability enabled by Swift Solar’s perovskite technology would transform traditional solar markets while creating new possibilities for solar integration. Electric vehicles, for example, could gain 15 miles of range or more per day with perovskite solar roofs. Satellites could benefit from a 10x cost reduction and improved radiation tolerance for solar arrays. The company is actively testing its perovskite technology in space.
ChipFlow Raises £1.2M in Pre-Seed Funding to Democratize Semiconductor Design Through Open-Source Software Tools
ChipFlow, a UK startup building an open source semiconductor chip design platform (PaaS), today announces the completion of a £1.2M pre-seed round of financing. The round was led by Fontinalis Partners and included investments from Fuel Ventures, InMotion Ventures, APX, and others. The new funding will be instrumental in expanding ChipFlow’s team, enabling the company to attract top-tier engineering talent to further enhance its open-source software tools and accelerate product development efforts, while supporting the progression of ChipFlow’s early commercial engagements.