EQT Ventures
Canvas Category Consultancy : Company : Venture Capital
EQT Ventures is a multi-stage VC fund fuelled by some of the world’s most obsessive company builders, engineers, designers, marketers, data scientists and scaling experts from success stories such as Booking.com, King, Spotify and Hotels.com. Recognising that building a global success story takes more than just capital, EQT Ventures’ operational experts are on hand to advise and support ambitious founders on their journeys to building global winners.
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Vsim Raises $21.5m to Propel Robotics to New Heights
At its core, Vsim is building the operating system for Robotic simulation and training. The Manchester-based company has built a revolutionary architecture and set of algorithms that enable companies in robotics, AI, Visual FX, research, and the industrial metaverse to fast-track a wide range of cross-disciplinary, high-quality physics simulations. Its novel ML framework enables users to train complex multimodal robotics tasks with an order of magnitude increase in performance, reducing the time and cost of training on GPUs.
The seed funding round led by EQT Ventures will supercharge Vsim’s team growth and ultimately accelerate the company’s pursuit of building a full-stack solution tailored to robotics. The round saw participation from Factorial Fund, Samsung Next, Tru Arrow, Xora (owned by Temasek), IQ Capital, Koro Capital, Concept Ventures, Lakestar Scout Fund, and Concept Venture Partner Carles Reina. This follows a pre-seed fundraise led by Concept Ventures in late 2023.
Syntetica raises €4.2 million to scale nylon recycling for the global clothing market
Syntetica, an innovative nylon recycling startup helping to solve the pollution problem in the fashion industry, has successfully raised €4.2 million in a seed round led by EQT Ventures with participation from the family offices of Peugeot and ETAM, Volta Circle (Indorama Ventures’ shareholders family office), Better Angle, Pareto Holdings, Athletico Ventures, Bear Flag Capital and high-profile angels 2-time Formula-E champion Jean-Éric Vergne, IDEC Group CEO Patrice Lafargue, and former tennis player Paul-Henri Mathieu.
Syntetica will use the fresh capital to build out the team’s existing expertise with additional technical talent and begin producing the first fully recycled nylon materials for fashion and automotive clients with the aim of reaching a pre-industrial stage by mid-2026.
Insempra completes $20 million Series A
Insempra, announces the successful completion of a $20 million Series A financing round. Following an initial $15m seed round conducted in 2021, this financing round will enable Insempra, to continue building a technology platform that delivers high-performance, intrinsically sustainable ingredients for a wide range of industries, while supporting the company in the scale up of its technology scouting, development, and manufacturing capabilities.
Existing investors EQT Ventures, BlueYard Capital, Possible Ventures, Taavet Sten and Acequia Capital participated in the round. New investors are the corporate venture of international FMCG giant Henkel, Henkel dx Ventures, Bayern Kapital and Alante Capital.
Packmatic's dgital one-stop shop for packaging supplies raises €15M
Berlin-based digital packaging marketplace Packmatic raised €15 million Series A round. Packmatic has built a fully digital one-stop shop, connecting businesses to the largest supplier network in Europe, a vast network of over 300 packaging suppliers across Europe in just a few clicks, and opening the door to an extensive range of lower plastic and lower carbon alternatives at the right price.
EQT Ventures led the funding with participation from HV Capital, xDeck, and several high-profile angel investors.
1X Secures $100M in Series B Funding
1X, an AI and robotics company producing androids to benefit society and meet the world’s labor demand, is pleased to announce it has raised $100 million in Series B funding with participation from EQT Ventures and other notable global investors.
The company intends to utilize the new capital to bring to market its second generation android NEO. Designed as a bipedal humanoid, NEO is tailored for everyday home assistance, offering versatile support for a wide range of domestic tasks in the consumer market. The funds will also support 1X’s existing enterprise clients in logistics and guarding. With 1X offering an android safe to work among people and a new approach to embodied learning for data collection, the company stands at the forefront of AI robotics.
London-based Generative Engineering raises €4 million to supercharge engineers with impact-efficient tools
Generative Engineering, a London-based software company on a mission to vastly improve the overall efficiency of physical engineering, has successfully closed a €4 million pre-seed round led by EQT Ventures with participation from Join Capital.
Generative Engineering offers a unique platform that allows engineers to create and run models that generate and test thousands of different engineering designs, all within a fraction of the time these processes take today. This parallel engineering, pioneered by the company, has the potential to radically decrease product development time, allowing innovative solutions within energy, decarbonization, agriculture, mobility and more to reach the market much faster. This platform forms the centerpiece of the modern engineering software stack.
Flow Engineering raises $8.5m to develop engineering collaboration platform for ‘new age’ hardware engineers
Flow Engineering, the first collaboration platform for hardware engineering teams designing complex systems, is today announcing $8.5m in seed funding. Flow is Github for hardware engineers, a single source of truth helping teams design complex systems and get products to market 30-50% faster. EQT Ventures led the round with participation from some of Europe’s top tech investors, including Backed VC, David Hegelson (Unity), Charlie Songhust (ex-Microsoft), Kyle Parrish (Figma) and Matt Clifford (EF). Today’s funding will help Flow realise its mission of supporting hardware engineering teams solve some of humanity’s greatest problems.