Tag Archives: Venture Capital

Gabrielle Union Joins Nema Health as Investor & Strategic Advisor

.406 Ventures

At Nema, our mission has always been deeply personal. My cofounders and I started the company to bring people the kind of support I needed after I experienced trauma – and so far, we’ve walked hand-in-hand with thousands of people across the country, helping them heal from their PTSD and find the peace they deserve.

Today, we’re deeply honored to share a new step toward achieving our mission: actress, producer, and best-selling author Gabrielle Union has joined Nema as both an investor and advisor. Her voice — powerful, raw, and always real — brings tremendous strength to our mission of helping survivors heal.

Gabrielle (or “Gab,” as our team has quickly come to know her) has spent decades speaking publicly and powerfully about the trauma she endured following her sexual assault at age 19. In the years since, she has become an extraordinary advocate for survivors, using her platform to shine light on the pain and realities of PTSD — and to call out the unacceptable prevalence of sexual violence among women and queer people.

Most of the Nema community knows how deep the roots of trauma run in our country: an estimated 80% of Americans will endure a trauma and 30 million will go on to develop PTSD. Marked by debilitating symptoms like hypervigilance, intrusive thoughts & flashbacks, social avoidance, negative mood, and heightened anxiety, survivors often struggle to believe that recovery from PTSD is possible at all.

Gab’s decision to invest and advise affirms something we deeply believe at Nema: healing after trauma is not just possible – it’s something we’re wholeheartedly committed to and have ample hope for for each and every one of our patients.

“I’ve worried over the years that I’ll never get better,” Gab shared. “I’ve lived with this shadow for so many years, and sometimes, when I think I’m out of the woods, it comes sneaking up on me again. I now know that’s because I never found the right treatment that endures in the long-term. Now that I’m undergoing treatment with Nema, I’m seeing many of the beliefs about my trauma that have gripped me start to fade away. I know it’s not my fault anymore, but it is my responsibility to take back my life. I owe that to myself.”

At Nema, our patients access treatment from research-backed therapies like Cognitive Processing Therapy; support from clinicians and survivors including therapists, psychiatrists, and peer mentors working in concert to guide healing; and the knowledge that 95% of our patients report noticeable improvement in their PTSD symptoms after our program.

Gab’s joining marks a pivotal moment for Nema. As we continue expanding into new states and health plans, Gab’s relationship with Nema means the stories, struggles, and courage of trauma survivors are seen and validated every day. We are so honored to have such a vulnerable and brave advisor on board to help us deliver on our mission.

“To those living with the kind of trauma that feels like it could sink you – I see you,” Gab added. “I know what it feels like. You are strong, you are capable, you can find peace. There is so much love for you in the world, and you deserve every last ounce of it.”

As the first order of business for our partnership, Nema and Gab teamed up to create our Trauma Survivor Guide, a free resource for anyone struggling in the aftermath of trauma. In it, you’ll find help understanding PTSD, how symptoms show up, resources for finding treatment, and exercises to help you heal. You can visit the Guide here.

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Swiss Government Extends Technology Fund Mandate with Emerald through 2030

Emerald

Zurich, Switzerland — Emerald Technology Ventures, a pioneering climate tech venture capital firm, has announced that the Swiss Government, through the Federal Office for the Environment (FOEN), has officially extended the mandate for Emerald to manage the Technology Fund through 2030.

Since being awarded the Technology Fund mandate in 2014, Emerald has served as the external management agency on behalf of FOEN, assessing, recommending, and overseeing guarantee applications for climate‐tech Small and Medium Enterprises (SMEs) in Switzerland. The Fund supports innovations in greenhouse gas reduction, renewable energy deployment, resource conservation, and energy efficiency.

The extension to 2030 affirms the Swiss Government’s confidence in Emerald’s ability to deliver on ambitious climate, environmental, and economic outcomes, and positions the Fund to continue accelerating Switzerland’s climate‐tech ecosystem over the coming years.

Key Highlights & Impact

  • Proven track record: Over its mandate since 2014, Emerald has managed the guarantee process with rigor, transparency, and operational excellence. The Technology Fund has become a cornerstone instrument in Switzerland’s climate policy architecture.
  • Significant scale & environmental impact: The Fund’s portfolio companies have collectively realized considerable reductions in greenhouse gas emissions and advanced technologies helping Switzerland meet its climate goals.
  • Supporting SME innovation without equity dilution: By offering loan guarantees rather than equity, the Technology Fund fills a vital gap in financing for climate‐tech SMEs, helping them access bank credit under favourable conditions.
  • Strong institutional backing through 2030: The extended mandate ensures continuity, enabling Emerald to build further on the Fund’s impact, expand access, and deepen partnerships with private capital, research institutions, and the start‐up ecosystem.

Quotes from Emerald Leadership

“We are honoured by the trust the Swiss Government has placed in Emerald by extending this mandate through 2030,” said Simone Riedel Riley, Partner at Emerald and Head of the Technology Fund. “Over the past decade, we have worked tirelessly to ensure that the Technology Fund serves not only as a financial instrument, but also as a catalyst for innovation, environmental impact, and sustainable economic growth. This extension gives us the stability and horizon needed to scale further and deliver even greater results for Swiss climate‐tech SMEs, investors, and society at large.”

Gina Domanig, Managing Partner and CEO of Emerald, added: “This extension is a powerful signal to the market: Switzerland believes in the power of climate innovation, and Emerald is committed to delivering on that belief. Together, we will continue to unlock green technologies, support ambitious entrepreneurs, and generate both environmental and financial returns.”

Quotes from Technology Fund Portfolio Companies

David Eberli, Founder und CEO, smart-me: “The guarantee from the Technology Fund enabled us to deepen our product development and accelerate our market launch. This was particularly important because, as a startup, it is often not easy to find sufficient capital for the successful further development of innovative products.”

Gian Andri Diem, CEO, dhp Technology: “Support from the Technology Fund was an important building block for the success of our solar folding roof technology – for example, in the world’s largest movable solar folding roof over the Thunersee wastewater treatment plant with 3.5 MWp. In a challenging market environment, the Technology Fund enables sustainable innovation, visibility, and trust.”

Roger Stahel, CEO, IS SaveEnergy: “The guarantee from the Technology Fund helped us finance our internationalization strategy and our strong growth path. We were able to quadruple our revenue since! Last year we sold about 60 large installations all over Europe, the U.S., and South America.”

More on Emerald in Switzerland:

Emerald Technology Ventures Celebrates 25 Years of Climate Tech Leadership

Emerald leads CHF 23.5 M investment in Embotech, autonomous driving innovator

bNovate to expand globally – accelerating rapid water monitoring – with new Emerald investment

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future.  www.emerald.vc

CONTACT FOR EMERALD:

info@emerald.vc

About the Swiss Technology Fund

The Technology Fund is a political instrument of the Swiss government’s climate strategy. Emerald Technology Ventures AG manages the Swiss Technology Fund on behalf of the Federal Office for the Environment (FOEN) together with its subcontractor South Pole AG. The Climate Division of the Swiss Federal Office for the Environment FOEN is responsible for its strategic governance. By providing financial backing to companies advancing innovative climate solutions, the fund fosters the development of technologies that contribute to the reduction of greenhouse gas emissions and promote sustainability.

www.technologyfund.ch

Contact  for the Technology Fund:

info@technologiefonds.ch

 

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Keen Venture Partners launched the European Defence and Security Fund

Keen

Today, Keen Venture Partners announces that it has completed the ‘first close’ of its European defence and security technology fund. The fund has raised more than €150 million and is now the largest defence-tech venture capital fund in Europe. Keen is fully operational and deploying capital into startups and scale-ups, building defence and security technology in European NATO countries.

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The Urgent Need for European Strategic Autonomy

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NATO Secretary-General Mark Rutte made clear that Europe can no longer wait to strengthen its own defence capabilities. Investing more in European technology is essential for achieving strategic autonomy.

  • The war in Ukraine has demonstrated that scalable, software-driven technologies, including artificial intelligence and autonomous systems, now significantly impact effectiveness on the modern battlefield.
  • European startups are also building these technologies.
  • Yet only one quarter of European defence procurement budgets currently stays within the EU.
  • As a result, innovators lack both capital and access to initial defence customers.

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Private and Institutional Investors Stepped Up

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The ‘first close’ was made possible by commitments from private individuals and institutional investors who recognise the urgency of strengthening Europe’s defence-tech ecosystem.

  • The European Investment Fund (EIF) and pension fund PME each committed €40 million.
  • Keen is the first European VC fund to receive a commitment from the EIF under its new €175 million Defence Investment Programme.
  • Other investors include TNO, the Netherlands’ largest applied research organization with deep expertise in defence and deep tech, and ABN AMRO, signalling strong support from the broader financial ecosystem.
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“With the first close completed, we are firing on all cylinders,” say Alexander Ribbink and Giuseppe Lacerenza, partners at Keen Venture Partners. “We have institutional backing from the EIF and PME, and an advisory board with deep experience in both military operations and defence policy. Europe has the talent, the technology and the ambition. What was missing was capital and access to launching defence customers. That is the gap we are closing.”

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“Our message to entrepreneurs is clear: If you are building technology that can make a difference on the modern battlefield or strengthen the resilience and deterrence of Europe, we need to talk. This is about adding entrepreneurs to Europe’s defence-tech ecosystem and building a stronger, more innovative Europe together.”

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Capital Ready to Be Deployed

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Keen backs companies that develop dual-use technology as well as defence-first companies building critical capabilities directly for defence.

  • Fund Focus Areas: cybersecurity, autonomous systems, deterrence technologies, and space applications.
  • Investment Strategy: Keen aims to invest in more than 25 companies from seed to Series B, with the emphasis on Series A.
  • Investment Size: Investments ranging from €1 to €10 million.
  • Previous Investments: EclecticIQ, Intelic (formerly Avalor AI), and Perciv AI.

Keen expects extensive collaboration and co-investment with other European VC firms over the coming years. To support this next phase of growth, Keen is ramping up the team and hiring additional investment professionals.

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Keen Leads Azumuta’s €8m Series A

Keen

Ghent, November 13, 2025 – Manufacturers worldwide still rely on paper, spreadsheets, and fragmented systems to run critical shop floor processes. Azumuta, the operator-centric manufacturing software from Ghent, Belgium, is changing that.

The company has now raised €8m in Series A funding to expand internationally and accelerate development of its platform for AI-supported digital work instructions, quality control, and workforce training and skill tracking. The round is led by Keen Venture Partners. who will be joined by Capricorn Partners – a series A investor in B2B software and hardware across Europe – as a new investor in Azumuta. Capricorn brings 10+ years of specific experience in manufacturing related technology startups addressing industry 4.0 and shopfloor efficiency. Both are further backed by returning investors PMV, Angelwise and Dirk Vermunicht.

The fresh capital will be used to grow Azumuta’s team, enter new markets, and build out features that help manufacturers streamline operations, improve quality, and empower their workforce.

“Every week we meet manufacturers still managing critical processes on paper or spreadsheets,” says Batist Leman, founder and CEO of Azumuta. “There’s no lack of ambition, just a need for technology built for real production environments. We built Azumuta to close that gap, helping factories digitalize in a way that actually fits how they operate. This round lets us accelerate that mission and lead the way toward more intuitive, human-centered shop floor technology.”

Digitizing Shop Floor Know-How

What started in 2016 as a digital work instruction tool has evolved into a comprehensive shop floor platform used by about 100 manufacturers worldwide. By combining work instructions, audits, training, and quality control in one connected system, Azumuta gives manufacturers a central hub for operational knowledge.

The results are tangible: users report up to a 50% reduction in administrative time spent creating work instructions and 60% fewer quality complaints caused by human errors.

At Atlas Copco, Toyota Motor Europe, and Sioux Technologies, Azumuta is already part of daily operations.

“Operational efficiency is one of our key priorities,” says Johan Dom, Vice President of Engineering at Atlas Copco. “As we work toward becoming a factory of the future, digital transformation is essential. That’s where Azumuta plays a crucial role. It’s not just an information tool; it’s how we train, learn, and continuously improve on the shop floor.”

According to Robert Verwaayen, General Partner at Keen Venture Partners, this shift fits into a broader trend reshaping the manufacturing industry:

“Most manufacturing software is built for the C-suite, not the people on the floor. That’s backwards. Azumuta gets this and they’re starting where the actual work happens, building AI-rich software operators actually want to use. That’s why the product sticks and why tier-1 manufacturers rely on it every day.

Fueling the Next Growth Phase

Recognized as one of Belgium’s fastest-growing technology companies and ranking 15th in the Deloitte Fast 50 Belgium, Azumuta is now entering a new growth phase. The company plans to expand its presence in key regions while reinforcing its Ghent base, strengthening relationships with customers, and advancing initiatives in innovation, product development, and customer success.

“Codifying how work gets done isn’t just solving today’s problems, it builds the foundation for tomorrow’s factory,” adds Verwaayen. “Whether that’s better tooling, smarter automation, or humans working alongside robots, you need that knowledge captured first. Azumuta’s helping manufacturers build that foundation while keeping their people at the center.

This Series A marks more than a financial milestone. It reinforces Azumuta’s mission to help manufacturers move faster, work smarter, and stay competitive in an increasingly digital, data-driven industry.

About Azumuta

Azumuta is a software scale-up that helps manufacturers worldwide turn frontline know-how into connected, AI-supported processes. Its modular platform brings operations, workers, and training together to boost operational efficiency, raise quality, and speed up training on shop floors.

Founded in 2016 and headquartered in Ghent, Belgium, Azumuta supports manufacturers of all sizes globally in bridging people and technology for the next generation of manufacturing.

And the name? It comes from the Japanese “始めた”, which translates to “I have started”, though locals in Ghent will tell you it also sounds a lot like “ah zo moet da”, dialect for “that’s how it’s done”. Learn more on www.azumuta.com.

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About Keen Venture Partners

Keen Venture Partners is a radically human venture capital firm based in Amsterdam and London. Keen backs exceptional teams and fast-growing European tech companies from Seed to Series A. Keen invests through a thesis-driven approach, formulating investment ideas based on fundamental trends in specific areas of technology. When getting to know founders, Keen shares its network of operators, experience, and capabilities even before investing. The portfolio consists of 30+ startups and scaleups across Europe.

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About Capricorn

Capricorn Partners is an independent European manager of venture capital and equity funds, investing in innovative European companies with technology as competitive advantage. The investment team of Capricorn is composed of experienced investment managers with deep technology expertise and a broad industrial experience. Capricorn Partners is managing the venture capital funds Capricorn Sustainable Chemistry Fund, Capricorn Digital Growth Fund, Capricorn ICT Arkiv, Capricorn Health‐tech Fund, Capricorn Healthtech Fund IIand Capricorn Fusion Fund. In addition it is the management company of Quest for Growth, quoted on Euronext Brussels.

www.capricorn.be

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About PMV

As an investment company, PMV is building a sustainable Flemish economy, the engine of our prosperity and well-being. PMV is the partner of ambitious companies and projects that focus on social impact and financial returns. PMV finances promising companies from their early stages through to growth and internationalisation. PMV offers tailor-made financial solutions to all entrepreneurs with a sound business plan and a strong management team. It does so with capital, loans and guarantees. In addition, it realises projects that are important for prosperity and well-being in Flanders, with and for the government and other partners. PMV has a portfolio of 1.9 billion euros under management. www.pmv.eu

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About Angelwise

Angelwise is an early-stage investment fund that focuses primarily on providing maximum support to start-ups and young companies as they move to the next phase in their growth, preferably in collaboration with business angels or other early-stage funds. The fund’s main shareholders are PMV, COI, BAN Flanders, the fund managers and more than eighty business angels. The fund was established in 2021 and has raised approximately EUR 20 million to build an ecosystem of companies that can help realise the digital transformation of society. For more information, see www.angelwise.be.

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Contact

Batist Leman, Founder & CEO Azumuta – batist.leman@azumuta.com – +32 499 34 60 69

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Festool Group Joins Emerald’s Industrial Innovation Fund to Accelerate Innovation and Sustainability

Zurich, Switzerland  – Emerald Technology Ventures, a globally recognized venture capital firm with over two decades of industrial-sector leadership, has announced that Festool Group, a premium manufacturer of professional power tools and systems, has joined Emerald’s Industrial Innovation Fund as a Limited Partner (LP). The partnership reflects Festool’s strategic commitment to innovation, sustainability, and long-term transformation in a rapidly evolving industrial landscape.

Festool’s decision to invest in Emerald’s fund is driven by its ambition to stay at the forefront of technological change—particularly around robotics, automation, AI, digitalization and sustainability. As the sustainable industrial transformation accelerates globally, the power tools sector is undergoing a shift, with cleaner, smarter, and more efficient systems reshaping the job site and the shopfloor alike.

“Innovation and sustainability are at the heart of Festool Group,” said Roman Stiehl, Manager Open Innovation at Festool Group. “Partnering with Emerald gives us direct access to breakthrough technologies and startups that help us strengthen our core business and shape the future of our industry.”

Festool selected Emerald based on a strong alignment of values—premium quality, innovation, and sustainability—as well as Emerald’s 25+ year track record in industrial venture capital and open innovation. The partnership will enable Festool to access a global network of cutting-edge startups and scale the integration of external innovation into its core processes and products.

“We are delighted to welcome Festool Group to the Industrial Innovation Fund,” said Mehran Zaker, Partner and Head of Automation and Industrial IT at Emerald. “Festool exemplifies the type of forward-thinking industrial partner we aim to support—committed to both technological leadership and a more sustainable future.”

Through the fund, Festool gains curated exposure to emerging technologies, rapid startup engagement opportunities, and insights into critical innovation themes such as digitilization, low-emissions manufacturing, and intelligent battery systems.

More on industrial innovation at Emerald:

Industrial IT & Mobility Sector

Want to know your “Return on Innovation”?

Emerald part of VC trend driving European innovation

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future.  www.emerald.vc

CONTACT FOR EMERALD:

info@emerald.vc

About Festool Group

Festool Group is a premium manufacturer of professional power tools and systems, headquartered in Wendlingen near Stuttgart, Germany. Known for its uncompromising commitment to quality, performance, and user-centric design, Festool Group combines tradition and innovation to develop industry leading, sustainable solutions that empower professionals worldwide.

Further information can be found at www.festool.com.

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Emerald Announces €60 Million First Close of Global Water Fund II

Emerald

Zürich, Switzerland – Emerald Technology Ventures, a globally recognized venture capital firm with two decades of water-sector leadership, announced the first close of its Global Water Fund II at €60 million, marking a significant milestone in the fund’s mission to advance water innovation worldwide. The fund’s anchor investors are Veralto Corporation (NYSE: VLTO) – a newly independent global leader in water analytics and treatment – and Ecolab (NYSE: ECL) – a global leader in water, hygiene, and infection prevention solutions and services. SKion Water and Oxy Technology Ventures rounded out the first closing, underscoring a broad coalition of industry leaders backing the venture. This diverse investor base – spanning water technology, specialty chemicals, and energy – highlights the urgent, cross-sector commitment to solving global water challenges.

Global Water Fund II is targeting a total size of €150–180 million. The fund will accelerate innovation across the entire water value chain by investing in early to growth stage companies worldwide that are developing solutions in infrastructure and business resilience, advanced treatment, reuse, digitally enhanced monitoring, prediction, decision making and automation as well as technologies to address emerging contaminants.

“As climate and infrastructure shocks intensify, resilience in our water systems is essential. From smarter monitoring to advanced treatment, digital and AI-driven technologies are unlocking new efficiencies and insights. Yet, they also remind us of water’s critical role in enabling innovation itself, from cooling the very data centers that power these tools to sustaining life and industry alike,” said Dr. Helge Daebel, Partner at Emerald and longstanding head of its water practice. “The strong backing from industry leaders in this first close will help us supercharge startups and scaleups that both safeguard and optimize this precious resource.”

“At Veralto, we believe that safeguarding one of the world’s most vital resources—water—requires bold collaboration and innovation that is sustainable. Our anchor investment in Emerald’s Global Water Fund II reflects our deep commitment to accelerating breakthrough technologies that address the urgent realities of water scarcity, treatment, and reuse. By partnering across sectors, we’re not only investing in solutions—we’re helping build a future where water sustains people, communities, and the planet we share,”  said Melissa Aquino, SVP and Chief Segment Officer, Water Quality at Veralto.

“As a global leader in water, hygiene, and infection prevention, Ecolab has delivered innovation and business growth for more than a century,” said Dan LeCloux, executive vice president Research, Development & Engineering and Chief Technology Officer, Ecolab. “As an investor in the inaugural Global Water Fund, we are excited to continue our important work with Emerald Technology Ventures supporting innovation in the global water sector.”

The new fund builds on the success of Emerald’s inaugural Global Water Fund, which closed in 2020 with $100 million in commitments from top-tier investors including Temasek, Microsoft, Ecolab and SKion Water. Emerald’s first water fund has catalyzed multiple water-tech success stories, leveraging the firm’s unique track record in the sector – which includes successful exits of portfolio companies to industry giants such as SUEZ, Xylem and BASF. Another measure of its success has been the fund’s facilitation of key collaborations between corporations and start-ups/scale-ups, such as the work that Microsoft has accomplished with Kilimo and FIDO. This proven platform and expertise give the new fund a running start in identifying high-impact water innovations.

With its first close secured, Emerald is poised to deploy capital into innovative companies that help safeguard the world’s most vital resource. The firm notes that interest in the fund has been strong. “We are thrilled to see such a strong response from market leaders,” said Daebel. “It’s a clear signal that water innovation is not only a pressing global need, but also an attractive investment opportunity. Together with our partners, we are committed to scaling the solutions that will shape a more sustainable water future.”

More on water at Emerald:

Water & Wastewater

The water risk is real – with Eliza Roberts, Microsoft

Emerald Leads SGD 8 Million Investment in SG Enviro, Driving Advanced Industrial Wastewater Treatment in SE Asia

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future.  www.emerald.vc

CONTACT FOR EMERALD:

info@emerald.vc

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Aviva Ventures Completes Strategic Investment in Indico Data to Accelerate AI-Driven Insurance Automation

.406 Ventures

Boston, MA and London, UK – October, 28th, 2025, Indico Data, the leader in AI-powered automation for insurance operations, today announced a strategic investment from Aviva Ventures, the corporate venture capital fund for Aviva plc, one of the UK’s largest insurers. The investment reinforces Indico’s growing leadership in the London Market and its expanding adoption among global property and casualty carriers.

 

As part of the investment, Arslan Hannani, Chief Innovation Officer at Aviva, will join Indico’s Board of Directors as a Board Observer and Advisor.

 

“This partnership underscores the increasing demand for intelligent automation that transforms how insurers handle the critical ‘front door’ of their business, from submission ingestion to claims intake to policy servicing and beyond,” said Tom Wilde, CEO of Indico Data. “Aviva’s investment and Arslan’s participation on our board validate Indico’s vision for the agentic insurance enterprise and our mission to help carriers turn unstructured data into competitive advantage.”

 

Aviva Ventures invests in companies driving transformation across insurance and financial services through emerging technologies and new business models.

 

“Indico’s technology is reshaping how insurers operate by bringing AI deeper into core workflows,” said Arslan Hannani, Chief Innovation Officer at Aviva. “We’ve seen firsthand the impact Indico is having in streamlining operations and unlocking new efficiencies, particularly in complex markets like London and beyond. We’re excited to support its continued growth.”

 

This investment builds on Indico’s growing footprint among top global carriers, who leverage its Agentic AI platform to automate underwriting, claims, and operations processes that depend on unstructured data.  Aviva’s investment follows a strategic investment from Guidewire earlier in 2025.

 

About Indico Data

Indico Data is the leading provider of AI solutions that automate complex insurance operations by transforming unstructured data into actionable insights. Trusted by leading carriers across North America and the London Market, Indico’s Agentic AI platform enables insurers to streamline underwriting, claims, and policy operations while improving accuracy, speed, and compliance.
www.indicodata.ai

 

About Aviva Ventures

Aviva Ventures is the corporate venture capital fund for Aviva plc, one of the UK’s leading insurance, wealth, and retirement businesses. Aviva Ventures invests in early- and growth-stage companies driving innovation across insurance, financial services, and sustainability.
 www.aviva.com

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4impact capital and Elevator Ventures co-lead round in exnaton to drive energy transition

4Impact

exnaton, a Swiss software company developing an AI-driven intelligence platform for utilities, has raised a Series A round to accelerate its European expansion and to deepen customer partnerships. The round was co-led by 4impact capital and Elevator Ventures, with participation from existing investors True Ventures and Übermorgen Ventures.

The firm’s technology sits at the intersection of digitalization, helping utilities launch smart, data-driven sustainable energy solutions quickly and efficiently. As the energy sector becomes more decentralized, intermittent, and complex, exnaton enables utilities to turn shifting customer expectations, regulatory challenges, and digitalization into growth opportunities, all without costly IT overhauls. The new funding will be used to accelerate international expansion and further develop AI-driven features within its intelligence platform.

Complex data analysis for the energy transition

exnaton’s modular white-label SaaS intelligence platform allows utilities to rapidly create and deploy sustainable energy products—including dynamic tariffs, energy sharing models, and smart EV charging—while seamlessly integrating with existing ERP systems. By leveraging AI, the platform automates complex processes across billing, energy consumption and production data analysis, to reduce operational costs, increase efficiency, and improve customer experience and engagement.

Today, over 50 utilities spread across Europe rely on exnaton’s technology to bring flexibility, transparency, and innovation to the new energy system. This includes clients such as TotalEnergies in Belgium, eprimo and Bayernwerk (E.ON brands) in Germany, as well as Burgenland Energie in Austria — together driving the digital transformation of Europe’s energy sector.

A partnership built on innovation and impact

Founded by Liliane Ableitner, Arne Meeuw, and Anselma Wörner, exnaton combines cutting-edge research from ETH Zürich, the University of St. Gallen, and TUM with deep industry expertise to empower utilities with digital tools for a cleaner, smarter grid.

By joining forces with 4impact capital and Elevator Ventures, exnaton strengthens its capacity to scale its intelligence platform across Europe.

Investors supporting international growth

“AI is transforming the way we manage energy”

Says Anselma Wörner, Co-founder and COO of exnaton.

“With this funding, we will accelerate our go-to-market strategy, enhance our customer-facing operations, and make our software even smarter, from fine‑grained personalized billing to intelligent management of decentralized flexibilities. Our goal is to build user‑friendly products that make investing in renewables so compelling that everyone participates and helps drive the transformation our society urgently needs.”

“exnaton’s platform is a key enabler of the digital energy transition. By combining deep research expertise with strong execution, the team has built technology that empowers utilities to innovate faster, operate more efficiently, and accelerate decarbonization. We are proud to support Liliane, Arne, and Anselma as they scale their impact across Europe.”

says Yasmin Venema, Principal at 4impact capital.

“At Elevator Ventures, we recognize the role of energy communities and prosumers as a key trend shaping the future of the energy sector. We are glad to back a talented team through our investment in exnaton, that will drive innovation in flexible billing solutions for decentralized energy ecosystems. We are sure that their expertise will be essential in supporting the next generation of real-time energy management,”

states Magdalena Chalas, Investment Manager at Elevator Ventures.

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The investment in exnaton benefits from support from Invest-NL and the European Union under the InvestEU Fund.

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SHIFT Invest IV Achieves €92 Million First Close – Rabo Investments Proud to Support

Rabo Investments

Utrecht, 18 July 2025 – Rabo Investments is pleased to announce its participation in the successful first close of SHIFT Invest IV, which has secured an impressive €92 million in committed capital. This marks a significant step forward in advancing climate and nature-positive innovation across Netherlands and Northwestern Europe.

At a time when global attention is divided among numerous pressing issues, the urgency to address climate change, biodiversity loss, and resource depletion has never been more critical.
SHIFT Invest IV is designed to meet this challenge head-on by investing in pioneering entrepreneurs who are building scalable, technology-driven solutions with measurable environmental and financial impact.

With over 15 years of experience in impact investing, SHIFT Invest has a strong track record of supporting early-stage ventures through to successful exits. The fund is fully aligned with SFDR Article 9 standards and is committed to driving systemic change.

Investment strategy of this deal

Stage: Proof of Concept, Seed, Series A
Business Models: Software, hardware, or hybrid
Focus Areas: Energy, Industry, Mobility, Food & Agriculture
Geography: The Netherlands and Northwestern Europe
Initial Ticket Size: €250K – €4M

SHIFT Invest IV is well on track to reach its €150 million target. Rabo Investments is proud to be part of a strong coalition of investors and ecosystem partners, including Invest-NL, Royal Schiphol Group, regional development agencies such as Oost NL, BOM, ROM Utrecht Region, NV NOM, LIOF, IFG, and knowledge institutions like Delft Enterprises, TNO Ventures, and Wageningen University & Research. The fund is also supported by European funding, family offices, and mission-driven entrepreneurs.

“We are proud to support SHIFT Invest IV in scaling the next generation of climate and nature-positive ventures. This fund exemplifies our commitment to accelerating the transition to a sustainable economy,” said Laura Alberga Berendsen, Director Fund- & Co Investments, Rabo Investments.

 

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Redox and Kno2 Form Strategic Alliance to Transform Healthcare Data Exchange Nationwide

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.406 Ventures

Oct 16, 2025

MADISON, WI and BOISE, ID – October 16, 2025 – Redox, healthcare’s leading interoperability company powering flexible data exchange in real-time, and Kno2, the company leading the future of healthcare communication and a federally designated Qualified Health Information Network (QHIN), today announced a strategic alliance that solves healthcare’s dual challenge of moving clinical data at scale between the major healthcare networks and systems as well as making it instantly usable.

Combined, Redox and Kno2 transact over 40 billion annual transactions and connect nearly 160,000 provider organizations. This represents 75% of health systems and 80% of providers from non-acute settings such as therapies, post-acute, EMS and others, and constitutes the largest and most comprehensive healthcare network of provider systems, EHRs, and HIT vendors in the United States. Together, the alliance delivers a complete solution to securely connect, transform, enrich, and orchestrate clinical data exchange with nearly any EHR or provider system, nationwide.

Solving Both Sides of the Interoperability Equation

“Kno2 excels at moving data at scale across any channel, from fax to FHIR, while Redox provides the expertise, a network of connected solutions, and infrastructure to scalably transform that data into actionable information,” said Therasa Bell, President and Co-Founder of Kno2. “Together, we’re making data both movable and meaningful across the entire healthcare ecosystem.”

The partnership addresses critical industry needs through:

  • Unified Integration: Single connection point providing access to the combined network’s full reach
  • Scalable Architecture: Connectivity for everything from small EHRs to enterprise health systems and payers, with bi-directional data flow for complex workflows
  • Universal Data Translation: Scale and normalization to HL7v2, FHIR, X12, CDA, and several other formats – including proprietary formats – ensuring compatibility across any system
  • Nationwide TEFCA Connectivity: Access to federal health information networks through Kno2’s QHIN designation, integrated directly into the Redox platform

Transforming Healthcare Connectivity at Scale

“It’s no secret that healthcare organizations have struggled for years to solve the interoperability problem created by fragmented data and incompatible systems,” explained Trip Hofer, CEO of Redox. “Our partnership with Kno2 closes these critical gaps for technology platforms, providers, and payors across the ecosystem by enabling teams to essentially plug in once to access an entire nationwide ecosystem, instead of developing and maintaining hundreds of custom integrations.”

The collaboration is particularly significant as healthcare faces increasing pressure to meet federal interoperability requirements while managing diverse connectivity needs. While billions of clinical documents flow through national frameworks, many critical workflows still require direct system-to-system connections. This partnership enhances both approaches, providing meaningful access to nationwide networks and bringing scale to purpose-built integrations.

Existing customers of both companies can learn more about the integrated solution now by working with your account teams. New customers will be able to access the combined offering through either Redox or Kno2 in early 2026.

About Kno2
Kno2 is leading the future of healthcare communication by providing the nation’s largest comprehensive communication network including as a federally designated Qualified Health Information Network (QHIN) and CMS Aligned network. Kno2 enables secure, effortless exchange of patient information across providers, payers, patients, and technology vendors, processing billions of transactions annually. Learn more at www.kno2.com.

About Redox
Redox is your healthcare data interoperability partner. We help providers, payers, digital health vendors/independent service providers, EHRs, and life sciences companies power better care with seamless data interoperability. Our secure platform’s read/write capabilities translate, normalize, enrich, and orchestrate complex healthcare data in real time. With a connected network of nearly 12,000 live integrations, organizations use the Redox Engine to accelerate connected healthcare across a wide range of systems, applications, and workflows. For more information, visit www.redoxengine.com or follow us on LinkedIn.

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