KOMPAS
Assembly Line
Material Evolution raises $19M to decarbonize the cement industry
Founded in 2017, Material Evolution today announced it has raised £15 million ($19 million) in a Series A round of funding to scale production of its low-carbon cement, which it says has an 85% lower carbon-footprint than normal Portland cement. The company’s Series A was led by Kompas VC, with participation from Norrsken VC, Circle Rock, and SigmaRoc.
Germany’s fruitcore robotics bags €23M to helps SMEs adopt digital robots, automation
Constance, Germany-based fruitcore robotics, a provider of industrial robotics and automation solutions, announced on Wednesday, December 14, that it has secured €23M in a Series B round of funding.
The company says it will use the funds to accelerate product innovation, sales, marketing, and international expansion. The robotic company is active in Germany, Austria, Switzerland, and Italy. “With the closing of our Series B financing, we are again a big step closer to our goal of making robotics and automation solutions accessible to the masses. We see the demand for high-quality and easy-to-use robots in the market is steadily increasing. Therefore, we will use the new capital primarily to serve the demand for our robotics and automation solutions as well as digital products in the European market,” says Jens Riegger, Managing Director (CEO) and co-founder of fruitcore robotics.