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Sistema.bio secures $15 Mn to accelerate global expansion

EntrackrEntrackr · 1y ago
Sistema.bio secures $15 Mn to accelerate global expansion
Medial

Sistema.bio, a biogas-tech company, has successfully raised $15 million in a funding round led by ElectriFI, managed by EDFI Management Company. Existing investors, including Chroma Impact Investment, KawiSafi Ventures, AXA IM Alts, and others, also participated in this round. The funds will be used to scale operations, enhance technology, and improve customer service. Founded in 2010, Sistema.bio manufactures advanced digesters that enable farmers to convert waste into renewable energy and organic fertilizer. The company focuses on carbon mitigation and climate change adaptation, using IoT-supported Measurement, Reporting, and Verification (MRV) programs. Their technology transforms animal waste into clean biogas for cooking and electricity, while producing nutrient-rich biofertilizer. Operating across three continents, Sistema.bio has impacted over 100,000 farms and more than 600,000 people, reducing CO2 emissions by over 1 million tons annually. With more than 100,000 biogas units installed in over 35 countries, Sistema.bio is recognized as a leader in integrated renewable energy and agricultural technology for small-scale agriculture.

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Amazon-backed ToneTag secures $78 Mn after 7-year hiatus

EntrackrEntrackr · 8m ago
Amazon-backed ToneTag secures $78 Mn after 7-year hiatus
Medial

Amazon-backed ToneTag secures $78 Mn after 7-year hiatus Contactless payment solution provider ToneTag has raised $78 million in its Series B2 funding round. The funding is a combination of primary and secondary capital and is led by ValueQuest S.C.A.L.E. Fund and its co-investors who have committed over 50% of the fundraise. Existing investor Elevate Innovation Partners LLC are also participating in this round. This investment will enable ToneTag to revamp customers' payment experiences and accelerate its global expansion, the company said in a press release. The Bengaluru-based company has secured a new funding round after nearly seven years, making it one of the few startups to raise capital after such a long hiatus. Founded by Kumar Abhishek, ToneTag provides three product categories for businesses: voice commerce, online store solutions, and in-store solutions, tailored for retail and F&B sectors. Through its Oyeti platform, the company enables businesses to integrate voice-powered shopping, ordering, and payment experiences. For customers, its VoiceSe UPI payment service allows voice-based transactions even without an internet connection. ToneTag processes over 30 million transactions daily using its unique soundwave technology. This allows secure payments through sound, making it easy to use even without the internet. Big companies like Google and Amazon, along with major Indian banks like SBI and ICICI, trust ToneTag for their payment solutions. According to data intelligence platform TheKredible, ToneTag’s revenue from operations jumped 111.7% to Rs 47.78 crore during FY24 in contrast to Rs 22.57 crore generated in FY23. The firm also achieved profitability for the first time since its inception in 2014. Among contactless payment solution providers, ToneTag competes with Paytm, PhonePe, PineLabs, BharatPe, and MobiKwik et al.

Trufrost & Butler raises $7 Mn from Carpediem Capital

EntrackrEntrackr · 1m ago
Trufrost & Butler raises $7 Mn from Carpediem Capital
Medial

Trufrost & Butler, a provider of commercial refrigeration and foodservice equipment, has raised $7 million in growth funding from Carpediem Capital, a consumer and services-focused private equity fund. The proceeds will be used to enhance customer experience by strengthening order fulfilment, expanding service infrastructure, boosting domestic manufacturing, and exploring international markets. Founded in 2018 by Neeraj Seth and Satish Dudeja, the brand caters to India’s HoReCa (Hotels, Restaurants, Cafés) sector. With the rapid expansion of QSRs and foodservice operators beyond metros, Trufrost & Butler provides cost-efficient, innovation-led solutions that meet the needs of tier II and tier III markets. Its portfolio includes refrigeration, food preparation, and beverage equipment, designed to deliver reliable performance and quicker ROI for customers. It plans to deepen its service backbone, accelerate manufacturing capabilities, and enhance beverage and culinary support initiatives with the fresh capital. Over the past few years, Trufrost & Butler has positioned itself as a service-led, experiential brand in a fragmented industry, competing against both multinational equipment providers and local suppliers. With this funding, Trufrost & Butler is set to accelerate growth in India and prepare for selective global expansion.

Performance nutrition brand Neulife raises $1 Mn in seed round

EntrackrEntrackr · 2d ago
Performance nutrition brand Neulife raises $1 Mn in seed round
Medial

Neulife, a Mumbai-based performance nutrition company, has raised $1 million in seed funding co-led by Subhkam Ventures and Singularity Ventures, with participation from Sunicon Ventures, Cosma Ventures, and select HNIs. This is the company’s first external funding round since its founding. The proceeds will be used to develop new products, expand clinical research and trials, and scale the company’s protein product portfolio. Neulife also plans to use part of the capital to accelerate its global expansion and strengthen R&D capabilities. Founded in 2014 by Samit Gupta, Neulife operates as an R&D-led performance nutrition brand. It launched its D2C business in 2022 and focuses on developing scientifically validated, metabolically efficient proteins using its patented Ketofuel MCT technology. Neulife’s core products include Pro Standard Whey, launched in 2023, and Super Isolate, launched in 2024. Both products are designed to offer over 30% higher protein absorption and efficiency compared to conventional whey or plant proteins. Its R&D unit has filed five patents, with two granted and three pending. Neulife aims to capture around 15% market share in India’s premium protein segment by 2028. It is also planning to raise an additional $3 million by 2026-end to support expansion and new product development. Neulife’s products are available across its website and key online marketplaces, targeting professional athletes and fitness consumers seeking science-based performance nutrition.

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