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Lendurai raises €5.6M Seed, for autonomous UAV systems in GPS-denied environments

Quick Facts🗂️ Company: Lendurai Website: https://lendurai.com LinkedIn: https://www.linkedin.com/company/lendurai/ Location: Tallinn, Estonia Funding Round: Seed Amount Raised: €5.6M Lead Investor(s): Expeditions Fund Other Investors: Vsquared, HCVC, Lemonade Stand All Investors: Expeditions Fund, HCVC, Lemonade Stand, Vsquared Total Funding to Date: €5.6M Founded: 2024 Sector: Defense Technology, Autonomous UAV Systems Company...

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PlasmaBound raises €3m Seed, to bond composite materials

Ireland-based PlasmaBound, was spun-out in 2017 from University College Dublin by Alan Barry (CEO), Dr. James Nicholas Barry (CTO) & Xavier Montibert (CSO). Described as an “automation machinery manufacturing company”, PlasmaBound is on a mission to “lightweight automotive, aerospace & space industries". . PlasmaBound does so by "pretreating" composite materials so they can be more easily integrated into structural assembly lines. Specifically, PlasmaBound has developed a patent-pending technology, to enable high-speed bonding of composite materials in a manner where it will effectively take on a role similar to welding in metals. To do so, PlasmaBound have modified a mature technology “Atmospheric Cold Plasma” (compressed air) & retasked it from an “activation” to an “ablation”, causing...

Modvion raises €11m Convertible, to build wind turbines out of wood

Whilst wind turbines are generally manufactured using steel, iron or fiberglass, Sweden-based Modvion makes them out of wood. . Specifically, Modvion has chosen to use laminated veneer lumber (LVL), which is similar to plywood (as most veneer layers are placed with the fibers in the same direction), with good strength & flexibility (for the inquisitive, see this good overview of wood & wood components). As there’s no Swedish manufacturers of LVL today, Modvion sources special quality LVL from Finland-based Stora Enso & Metsä (which through its CVC – Metsä Spring – also invested in Fiberwood). They deliver 15-meter-long boards to Modvion's “factory 1”, where they're cut into a conical shape & put together in layers,...

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