News from SquareOne — Summer 2024
Hi there!
The second quarter of the year comes to a close, but not before we share some exciting updates with you: read on to learn about two new deals (ClimateTech & Quantum) and two stellar follow-on rounds in our portfolio.
Also, we’ve put together a second big update of our DeepTech Investors Europe List, introducing growth funds and the “Notable Deals” category.
Cheers,
Team SquareOne
SquareOne News
Hamburg-based atmio raises €5.1m to reduce methane emissions and tackle one of today’s biggest climate challenges
atmio is building the operating system to detect and reduce leaking methane emissions within the energy sector. Welcome to the SquareOne squad, Matthias Schmittmann, Marius Krüger, and the entire team. We are excited to back you in this seed round together with Notion Capital and look forward to supporting you on this important mission.
“Meeting Matthias and Marius, it was immediately clear that I had just found this perfect founder-market fit to solve one of the biggest climate problems on this planet: methane emissions. With a unique combination of hardware and software, atmio is enabling one of the biggest industries in the world to comply with the new regulation while automating and centrally managing all emission-related activities. “ — Charlotte
Throwing in a little teaser: While we can’t share more details yet, we’re really excited about our most recent deal in Quantum Computing.
Stay tuned!
Portfolio News
Hero raises €11.3m Series A led by Valar Ventures
With an all-in-one business account, Hero is reimagining the financial landscape for SMEs across Europe. As one of their early supporters, we look forward to continuing working with Roland Jais-Nielsen and the entire team at Hero, entering the next growth phase to serve even more SMEs and merchants.
📢 Btw: Hero is searching for a Head of Product to play a pivotal role in designing and implementing the product strategy, working closely with the executive team and the CEO. Sharing is caring!
coboworx secures €11.4m to develop the world’s leading industrial automation platform
With coboworx, SMEs are able to implement robotic automation quickly, without prior robotics expertise, and with limited up-front investment (rent-a-robot!).
We’ve been strong believers in coboworx from day one and are looking forward to continuously supporting Olaf Gehrels, Ralf Zeisberger and the coboworx team on their growth path.
➡️ Read the Handelsblatt article
Edgeless Systems teams up with NVIDIA and introduces Continuum AI, the first confidential LLM platform to revolutionize secure, privacy-preserving AI with NVIDIA H100 GPUs
The launch of Edgeless Systems’ Continuum AI platform underscores a new era in AI deployment, where the benefits of powerful LLMs can be realized without compromising data privacy and security. This is a pivotal step towards a future where organizations can securely utilize AI, even for the most sensitive data.
Squad Stories
At the beginning of the year, we launched our DeepTech Investors Europe list — now, we have published a second big update introducing growth funds and “Notable Deals”
Check if you’re on it or reach out to be featured in our next update.
Also, many have asked about adding “Notable Deals”, which has led us to introduce this as a new category. If you’re already on the list, all you have to do is complete this form, and we’ll update your entry asap.
We aim to build the most helpful DeepTech investors database for founders and VCs to connect. For edits and suggestions, please reach out to: deeptech@squareone.vc
Hinterland of Things 2024, it was a blast! A few weeks ago, Christian had the pleasure of hosting a panel on startup-corporate collaborations through VC investment together with Fabian Kracht and Christoph (Kiko) Berner, a topic very close to the SquareOne DNA.
Both know from experience that B2B startups and SMEs are facing enormous challenges when it comes to collaborating, while both are vital for each other to succeed. Thanks for joining us on stage and sharing your learnings with the audience, and a huge shout out to the amazing team from Hinterland.
See you next year!
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