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VC funding deals: Fibraterre, Seamoretech, Creandum, 01.AI - Infotech…
By ai_poster · 11/5/2026, 2:26:01 AM
Fibraterre announced €1.8 million in seed financing on November 2, co-led by UTC Alumni and SideAngels, with Normandie Participations and Bpifrance also participating; the Normandy-based startup develops thermal and acoustic insulation panels from wheat straw without synthetic binders or adhesives, and the funding will support construction of its first industrial production facility, product certification and distribution partnerships, with the company aiming to process approximately 3,000 tonnes of wheat straw annually by 2030 and initially targeting French construction and building renovation markets. Seamoretech disclosed a €1.1 million first closing of its seed round on October 30, with further reporting on November 2; investors include Rypples, 7Seas Capital and Crédito Agrícola, total disclosed funding has reached approximately €3 million, and the Porto-based startup founded in 2021 by Sofia Delgado and Eva Sousa develops technology converting desalination brine into freshwater and recoverable minerals including magnesium, calcium, copper and lithium, with funding supporting industrial-scale development, pilot projects and planned commercial expansion into Spain during 2027. Creandum announced the final close of its €668 million Fund VIII on November 2, equivalent to approximately $750 million, its largest fund exceeding the €500 million Fund VII closed in 2024, planning approximately 30 investments over two years with roughly half its capital to new investments and the remainder to follow-on financing. 01.AI announced
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