Cleantech

SetSquared Bath-affiliate Verv has secured backing from investors including Centrica as it continues the roll-out of its smart energy hub and peer-to-peer trading platform for renewable electricity.

Chalmers Ventures has contributed to a $1.5m funding round for cleantech developer Metry.

Congruent Ventures has led a $2.5m funding round for Energetic Insurance, which hopes to enable SMEs to tap into the solar energy market.

Battery materials developer Sila Nanotechnologies, co-founded by Georgia Tech professor Gleb Yushin, is preparing for commercialisation, after Daimler led a series E round.

Goldwind, Legal & General and Equinor have all taken part in a series D that achieved a $41m first close and boosted the Oxford spinout’s total equity and debt to more than $118m.

IP Group returned to join corporates BP and Drax for the Leeds CO2 capture spinout’s latest round, taking its total investment in the company to $2.2m since 2009.

Goldwind, Legal & General and Equinor have all taken part in a series D that achieved a $41m first close and boosted the Oxford spinout’s total equity and debt to more than $118m.

VW will invest $100m in QuantumScape and form a joint venture with the Stanford spinout to develop batteries for long-range electric vehicles.

Massachusetts Institute of Technology has unveiled an incubator that will provide funding, space and expertise to boost commercialisation activities on and off-campus.