ElectroTempo Raises $4M in Seed Funding
ElectroTempo, a pioneer in planning and intelligence software for electric charging networks, announced today that it raised $4 million in seed funding. The round was led by Buoyant Ventures, a women-owned, Chicago-based venture capital firm focusing on technology start-ups looking to combat climate change. The company’s lead pre-seed investor, Schematic Ventures, returned to participate in the round, and a venture fund associated with a key customer, Zebox Ventures, also joined the coalition. ZEBOX is a network of accelerators initiated by the Chairman of CMA CGM, Rodolphe Saadé. The customer, CEVA Logistics, is a subsidiary of CMA CGM Group (the Group). The funds will be used to expand the geographic coverage of ElectroTempo’s solutions across the U.S., and round out product features to serve industrial site hosts in deploying and operating infrastructure to accelerate truck electrification.
ReelData AI Announces $8M USD Series A Round
ReelData AI (“ReelData”), a company leveraging AI to provide customized data and automation to land-based farmers, today announced it has closed an US$8M Series A funding round led by Buoyant Ventures. Additional investment was also provided by S2G Ventures and The Nest Family Office. Funding will be used to advance the company’s vision to bring the world’s most sustainable aquaculture practices to the mainstream.
ReelData’s first product on the market – ReelAppetite – identifies real-time population appetite and adjusts feed levels accordingly to maximize biomass while limiting waste. This technology has helped save companies up to $2-3 million USD on wasted feed per 10,000 MT annual production – in addition to related savings generated from increased growth rate and reduced production risks.