Technology
World Fund closes first €300 million climate technology fund to provide continuity and equipment support
After three years of fundraising, the World Fund has finally closed its first fund value €300 million, which is €50 million lower than its 2021 goal, but still a major number considering the war and economic uncertainty. The VC fund originally emerged from the founders of the independent search engine Ecosia, where queries funded tree planting.
If you are searching for comparisons, Norrsken VC is a $130 million impact VC focused on climate, while Demeter Partners lifted up €250 million fund specializing in climate.
The Global Fund can be there supported by the European Investment Fund (which paid EUR 50 million), KfW Capital, Wachstumsfonds, BPI France (the fund’s first investment outside France), PwC Germany, NRWbank and Ignitis Group. The World Fund can also be supported by pension funds including the UK Environment Agency Pension Fund, Wiltshire Pension Fund and Croatia’s Erste Plavi.
World Fund has already invested a few of its funds in a variety of climate technology corporations, but says this capital will enable it to make 25-30 investments in European decarbonization start-ups.
His most notable investments include IQM Quantum Computers, Space Forge, Planet A Foods, Juicy Marbles ENOUGH Foods, CustomCells, recycling company Cylib, and proptech startups Aedifion and Ecoworks.
The World Fund ended the rise amid war in Europe, rising rates of interest and volatile stock prices. Commenting fund managing partner Danijel Višević said: “It has been a very difficult fundraising environment, especially in 2023.”
“We are investing exclusively in decarbonization technologies and are reserving more than two-thirds of our capital for further investments because it is difficult to fill the gap at a later stage in Europe,” he added.
He said hardware should be a crucial a part of his strategy: “That’s one thing we’re doing wrong in Europe by not focusing on climate hardware.” He added that the fund invested in technical talent akin to biotechnology and biochemists to evaluate investments.
The World Fund raise comes at the best time.
In 2023, European start-ups coping with climate technologies raised over USD 20 billion, which is nearly the identical as within the previous 12 months and breaking the downward trends in other sectors, According to to the Dealroom.
The UK, Sweden and Germany led when it comes to total climate technology risk in 2023, but Iceland, Lithuania and Bulgaria showed significant growth.
And climate technology does he’s doing well in Europe.
The valuations are there maintaining value and European energy-related patents increased by 15% y/y
The Berlin World Fund was founded in 2021 by Daria Saharova, Višević, Tim Schumacher and Craig Douglas. It has offices in Berlin, Munich, Cologne and Amsterdam.
Technology
US medical device giant Artivion says hackers stole files during a cybersecurity incident
Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.
In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.
Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”
Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.
Technology
It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500
Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.
The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.
The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.
More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)
Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.
The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.
Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.
In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.
Technology
Apple Vision Pro may add support for PlayStation VR controllers
According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.
The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.
However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.
Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.
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