Balnord plans to invest in at least 22 companies out of its Fund I, with initial cheque sizes ranging from €500,000 to €3 million.
Freeda has already verified more than 10,000 plans for clients across Europe and North America and aims to reach one million verified plans by 2026, supporting projects in Europe, the UK, the US, and the Middle East.
The company is now targeting global markets as demand grows for compact, safe power sources in IoT and sensor-driven devices.
With fresh capital, Leil will accelerate go-to-market efforts, expand its product roadmap, and grow its commercial team.
The round brings the company’s total funding to over $60 million since 2020.
The company's ambition is to refurbish 1 million e-bikes annually by 2030 and build the world’s largest circular mobility network.
The new fund will invest in around 30 impact-driven companies tackling climate and social challenges, bringing Rubio’s total assets under management to €220 million.
Amsterdam-based TIN Capital secured a €20 million investment from the European Investment Fund (EIF), bringing its European Cyber Tech Fund V to a final closing of over €80 million.