Metal-free molecules improve MRI contrast in laboratory images
Image: Primary
Image: Primary Wells Fargo & Co.-backed Norwest has raised $4 billion for its latest investment fund, Bloomberg reported. The fund will target early-stage AI startups alongside deals in sectors other investors have overlooked. The firm plans to announce the fund Thursday.
The UK National Wealth Fund invested in a $700 million financing round for drone startup Uforce, Bloomberg reported. The investment is the fund's largest in defense. Uforce was initially formed in Ukraine, and the fund participated in its financing alongside other investors.
Poste Italiane has launched a co-investment fund targeting €600 million ($665 million) for projects including data centers, Bloomberg reported. The fund expands the company's digital infrastructure ambitions following its takeover of Telecom Italia.
Munich startup SE3 has raised a $30M Series A led by Accel, with Keen, Lakestar and Seedcamp participating. The funding will support engineering, commercial and operations hires, a UK office and expansion in Germany and Ukraine.
UK banking platform Griffin has raised a $20M Series B led by Octagon Partners to fund expansion into card issuing and stablecoin services. The round values the company at over $100M. Griffin lets fintechs and platforms embed accounts and payments into their products.
Lithuania's Biomatter has raised $18M in a Series A round led by Astanor to expand its AI enzyme design platform, The Next Web reported. Existing investors UVC Partners, Inventure and Metaplanet also participated. The company did not disclose a valuation.