The round was led by Redstone, with participation from Octopus Ventures, Nodes Ventures, The Players Fund, Como 1907, and a group of angel investors.

The grant will enable the firm to expand its commercial-scale facility in Rotterdam.

The seed round was supported by Cusp Capital and Auxxo Female Catalyst Fund.

The Series A round was led by Earlybird, with support from Defiant and existing backers.

The Series A was backed by Inter IKEA Group, Una Terra Early Growth Fund, and Zürcher Kantonalbank (ZKB).

Fund V was supported by a mix of long-standing and new limited partners, including family offices, institutional investors like Flexstone and Stiftung Abendrot.

The round saw support from Kinnevik, Planet First Partners, A.P. Moller Holding, Lunate, EGS Beteiligungen, Norrsken VC, and existing backer Sofina.

The fresh fund was backed by Vi Partners’ current limited partners.