Funding highlights: KC8, EVOS, Fugu and more  

Here’s a recap of recent funding developments from Australia, India, the US and beyond.

KC8 Capture Technologies Raises AU $10 Million

KC8 Capture Technologies, an Australian startup specializing in advanced carbon capture technology, has raised AU $10 million to accelerate the deployment of its innovative solutions across crucial and hard-to-abate industries. The funding round was led by industry leaders including Woodside Energy (Woodside), Cemex Ventures (Cemex), and a major petrochemical company. Founded in 2021, KC8 aims to revolutionize CO2 capture with a lower-cost, environmentally friendly alternative to traditional methods.

Fugu Raises Seed Round for Carbon Removal Technology

Fugu, based in Sydney, has secured seed funding to scale its operations and deploy CO2 removal machines from its Glebe-based R&D facility. The investment, led by APAC-based VC Investible and supported by Australian investors Jelix and Electrifi Ventures, along with significant backing from Counteract in London, positions Fugu at the forefront of emerging carbon removal solutions.

EVOS Seeks $6 Million to Expand EV Charging Solutions

EVOS, specializing in fleet energy management and electric vehicle (EV) charging, is seeking an additional $6 million after raising $4 million to meet increasing demand for locally designed and manufactured EV chargers. Founded by CEO Marcelo Salgado, EVOS aims to enhance sustainability in transportation with innovative charging technologies.

Sircel Secures $5 Million to Advance Solar Panel Recycling

Sircel, Australia’s largest e-waste processor, has secured $5 million to advance its solar panel recycling initiatives following a strategic acquisition. Established in 2018 and headquartered in Sydney, Sircel is committed to sustainable e-waste management and expanding its capabilities in renewable energy recovery.

Gelomics Raises $2.2 Million for Pharmaceutical Innovation

Brisbane-based Gelomics has raised $2.2 million in pre-Seed funding to expand its animal-free pharmaceutical drug development. Supported by Sydney VC Jelix Ventures, the Queensland Investment Corporation (QIC) Enterprise Acceleration Fund, and Angelloop, Gelomics aims to revolutionize drug testing methods with its innovative technology.

Hayden AI Raises $90 Million to Expand AI Solutions

Hayden AI Technologies has raised $90 million in Series C funding to accelerate its AI-driven solutions for urban mobility. Led by The Rise Fund, with participation from Drawdown Fund and Autotech Ventures, Hayden AI aims to transform transportation infrastructure with its advanced AI technology.

Octagos Health Secures Over $43 Million for AI-Driven Healthcare

Octagos Health has raised over $43 million in Series B funding to enhance its AI platform for continuous patient monitoring. Led by Morgan Stanley Expansion Capital, the funding will support Octagos Health in scaling its operations and improving healthcare outcomes through innovative AI applications.

X-Bow Raises More Than $70 Million to Advance Hypersonic Vehicles

X-Bow has raised over $70 million in Series B funding to accelerate the development of hypersonic-capable vehicles and solid rocket motor programs. Led by Razor’s Edge and backed by Lockheed Martin Ventures, Boeing Ventures, Crosslink Capital, and Balerion Space Ventures, X-Bow aims to revolutionize aerospace technology with its cutting-edge capabilities.

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