Deals in brief: FlyOro secure pre-Series A funding, OKX Ventures backs Polyhedra Network, multiple China and India deals, and more
Summary
Audacy is excited to back the FlyOro team [in becoming] an innovative enabler to the SAF supply chain and assist in scaling [its] modular on-demand blending solution internationally, said Toby Chan, co-founder and partner of Audacy Ventures.While producers and refiners continue their great work toward reducing the cost of SAFs, we firmly believe in FlyOros ability to enable airlines and airports to adopt SAFs sooner and work toward their emission reduction goals through FlyOROs AlphaLite blending technology, said Ben Lindsay, investment manager at Investible.Polyhedra Network, a developer of zero-knowledge proof (ZKP) protocols, has secured an undisclosed amount of Series A funding from OKX Ventures, the investment arm of crypto exchange and Web3 technology company OKX.Polyhedra is well-known for its zkBridge protocol, which facilitates trustless and efficient cross-chain infrastructure for Layer 1 and Layer 2 interoperability, enabling secure and cost-effective on-chain verification of transactions.Polyhedra Networks team has demonstrated creativity with [its] ZKP mechanisms, developing advanced [] systems that strike a balance between zero-knowledge interoperability and scalability. 36Kr Novel Cosmos Advanced Material, a Chuzhou-based manufacturer of electrolytes and additives for lithium-ion and sodium-ion batteries, has received close to RMB 100 million following the completion of its Series B1 funding round. GetVantage, a Mumbai-based alternative financing platform, has launched a INR 2.5 billion (USD 30 million) accelerator fund to help B2B software-as-a-service companies to scale without diluting their equity. VCCircle BiofuelCircle, a Pune-based cleantech startup that provides a platform for biomass and biofuel supply chains, has secured an undisclosed amount of funding from Mumbai Angels. Atlinks Group, a Hong Kong-listed organization specializing in telecommunications products, acquired 100% issued share capital of 5GenCare, a software development company offering end-to-end internet-of-video-things (IoVT) solutions, and Chillax, a parenting-focused technology company.If there are any news or updates youd like us to feature, get in touch with us at: [email protected].