Global League Climate Deal Flow Updates (Apr.16, 2024)
This is Jessie with Global League (G-L.Ventures) - a network for collaboration between investors to help the most impactful startups recommended by investors. We prioritize climate tech with high impact and capital efficiency, AI infra, automation, and semiconductors. This is to share select deals for your reference, not soliciting any investments, further materials for your diligence are by request. We always have industry experts in evaluation, and use a digital platform to avoid cognitive bias. Collaboration and co-investments are welcome.
Deal Updates
Enabling precision animal farming with advanced sensors, AI, and a turnkey with a subscription model - Calyx (Series A+)
Calyx is a software and hardware deep tech company that enables animal growers to automate operations and make data-driven decisions that boost animal performance and profitability. The solution has been proven to bring 4X ~ 45X of ROI for farmers by increasing profit by 10%, and reducing costs in respiratory-related medicine by up to 30% for 17 paying clients within less than 2 years. The revenue in 2023 is about $1M, projected YoY for this year and next is 3X. Their core technology has high defensibility and extendable broader uses.
Calyx Latest Updates: (ready for diligence)
M&A is the main goal, there is early engagement with potential acquirers, and some names are in the above updates. Previous investors: SOSV, Substance Capital, Wistron, Q venture partners, Hoss Venture, Cascade Management Capital, Taya Ventures, etc.
This round is raising USD 10M, filled partially, and will close for the first call before April 30. Confirmed investors in this round include WI Harper, ITIC, and an array of presidents and CFOs in strategic industry partners, the lead investor places USD 3M. Valuation is still very attractive now, but not after the first call.
Per investors' request, we're hosting a Q&A meeting this Thursday (Apr. 18) at 9 AM US Central Time. Sign up here, to join or get the recording.
Next Demo Day (Apr. 26 at 10 AM US Central)
Power 2 Hydrogen - Building green Hydrogen with NASA, Shell, Enel, etc. (series A, lead investor confirmed and 75% filled)
Power to Hydrogen (P2H2) is simplifying hydrogen production and storage.?Our hybrid liquid alkaline/AEM (anion exchange membrane) technology reduces the electrolysis stack cost by ~65%, eliminating the expensive and supply chain constrained metals needed like iridium, titanium, and platinum while integrating directly with variable, renewable energy.?In addition to low-cost materials, the technology can produce hydrogen at 250-bar which can solve the cost challenges created from compressing and transporting hydrogen. The company has multiple paid pilots with Fortune 500 companies, its first industrial pilot contract signed, and a signed term sheet for their Series A round. The company was also recently the recipient of a $6.5M U.S. Department of Energy grant to prepare its manufacturing for GW-level production.
Pix Force - Startup #1 in Artificial Intelligence in Brazil for 5 consecutive years, YoY growth of almost 100% since 2016, already serving Shell, and other major players in O&G. (series A)
PixForce leverages advanced computational vision and artificial intelligence to transform visual inspections within Industry 4.0. Our cutting-edge solutions, such as Pix Blue, utilize off-the-shelf ultraviolet and thermal cameras for the rapid and precise detection of oil leaks and spills in offshore operations. Pix Safety offers real-time workforce monitoring to reinforce health and safety regulation compliance. Meanwhile, Pix Grid delivers automated inspections of power substations, and Idexa provides intelligent data extraction from images and documents. Established in 2016 with a footprint in Brazil, the EU, and the United States, our 110 staff ensure that we deliver cheaper, faster, and more accurate solutions that outperform human capabilities, ultimately enhancing complex decision-making processes in the energy industry.?ARR is several million.
Still in Process Before Closing
You can still join us to review SolarX or MITO Materials which presented on Apr. 5th, and Focal Technologies presented this January.
领英推荐
Focal Technologies - Proprietary Invention for environmental remediation (Pre-A)
Their Ray Solar Remediation System is an entirely new approach, can be deployed rapidly, cost-effectively, and to remote locations to address some of the most pressing contamination and water challenges, including PFOA/PFAS.?Focal is already well into commercialization with its first revenue behind it, multiple Ray units in production for delivery in Q2 2024 for liquid CAFO, Dairy and other waste stream use cases.?Focal plans to have up to a total of 12 Ray units delivered by Focal to customers in 2024, at a price of approximately $250,000 each, which does not include recurring revenue for each unit post-delivery or our leasing model approach revenue streams.?
Focal was backed by 36 investors including E8 cleantech angel group members, SWAN Impact Network, VertueLab, an Investors Circle member, and several family offices. Focal has made exciting progress since then, 2024 will be a breakout year for the company.?This current raise offers a bridge note (~50% filled), which will close before the end of May. Valuation is still attractive now, but not after this round. The ACA leadership and Director of VectorPoint Ventures - Don Megrath - is their CFO.?(Connect with Don if interested)
MITO Materials - Lighter, Stronger, and Cost-Saving Carbon Fiber (Pre-A)
MITO's graphene hybrid additives are designed to solve material problems at low concentrations without changing the manufacturing process – empowering industries to transition away from metals and into more sustainable composite materials. Because of strong demands from windmills, the carbon fiber needed for U.S. alone would consume all the world’s supply today, not to mention other demands. MITO can functionalize any graphene from any feedstock, it's the first and only company verified by the largest industry council to produce functionalized graphene products.
MITO is raising a $2.5M ($1M filled) bridge round, which will close at the end of April, led by CavAngels, UVA Angels, HG Ventures (CVC), VentureWell, etc., with notable angels from the chemical industry including former CEO of Honeywell Specialty Materials, and Former CFO of Poly One (now Avient). (Female founder)
SolarX - Investment Platform for Global Solar Projects (Pre-Seed)
SolarX is the first SEC-regulated platform that allows users from over 100+ countries to invest in solar energy. With a minimum investment as low as $10, users could earn an 18%+ annual return in pre-vetted industrial solar energy projects in areas/countries with high energy costs. These solar energy projects generate energy, which is then sold to industrial energy consumers, and distributes the monthly net profits to its users. The company works with EPC partners to execute solar projects.
SolarX is recommended by International Accelerator -- its investor and specializes in bringing international entrepreneurs into the US with a strong track record (MOIC > 5x). SolarX is raising $1M and half has been filled.
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