OGCI Climate Investments (OGCI CI), a specialist decarbonisation investor, has invested in KeyState Natural Gas Synthesis (KeyState), a project company developing the first carbon capture and storage project in Pennsylvania, US. The project will integrate natural gas extraction, ammonia and automotive grade urea production, and CCS on a single 7,000-acre site.   The KeyState project could deliver significant near-term emissions reduction by storing CO2, as well as avoiding methane and CO2 emissions thanks to onsite natural gas production and vertical integration, and reduced transportation distance of products. Once operational, the site will enable CO2 cluster development to permanently store over

PennyWorks, a DeFi-based platform that tames the turbulence of investing with a safe and stable experience, has closed a $2 million pre-seed funding round led by Hi2 Global. This round of financing will help bring the PennyWorks platform to market while funding platform development, marketing, and operations.  The funding round included additional participation from Zachary Harl, former Chief Investment Officer at Bank of America, Putra Manggala, former Staff Data Scientist at Shopify and Leo Mizuhara, Head of Systematic Trading; Fixed Income Options at DRW Holdings, LLC. PennyWorks recently launched in April offering accredited investors the ability to invest in opportunities

New York-based private investment firm Tiger Global has led a $25 million Series A funding round in Battery Smart, a battery-swapping network for two- and three-wheeled electric vehicles (EVs), according to a report by Deal Street Asia. Blume Ventures and Orios Ventures also participated in the round having led Battery ventures $7 million pre-Series A round in November 2021. Co-founded by serial entrepreneurs and IIT-Kanpur graduates Pulkit Khurana and Siddharth Sikka, the India-based startup is planning to use the new funding to broaden its geographic footprint, boost its technology and add to its team.

UK boxing promoter Matchroom is reported to be in talks to sell a manirity stake in the business to a private equity investor, according to Private Equity Insights. The report cites a Twitter announcement by boxing analyst Michael Benson which claims that Matchroom CEO Eddie Hearn and his father Barry are set to pocket a substantial profit if the deal, which values Matchroom at between £600 million and £700 million, is completed. That would see the father and son duo receive up to £175 million if they opt to sell 25% of the business. Matchroom currently promotes some of boxing’s

TechInsights, an Oakley Capital (Oakley) and CVC Growth Partners portfolio company, has acquired Strategy Analytics, a leading supplier of syndicated research across the global consumer technology sector. Headquartered in Boston, Massachusetts, with a significant presence in Europe, Strategy Analytics supplies syndicated research across the global consumer technology sector, providing the deepest wireless and automotive coverage in the market. TechInsights and Strategy Analytics enjoy highly complementary content and customers as well as high proportions of recurring revenues. Integrating Strategy Analytics’ content into TechInsights’ platform will strengthen the business’s market position as the go-to information provider for the semiconductor sector, while also

3173 Limited has secured an investment into its group of businesses in the pensions industry that includes Dalriada Trustees Limited, Mantle Hosting Limited, and Spence & Partners Limited, from Synova. The funding will be used to consolidate the group’s existing market-leading positions in pension scheme trustee services, unique pensions software, consultancy, administration, governance, actuarial and investment services and facilitate the next phase of the group’s growth in an increasingly competitive pensions and financial technology industry.

Swave Photonics, a specialist in holographic extended reality (HXR) technology to bring the metaverse to life, has raised €7 million in a seed funding round co-led by Imec.xpand, a value-add venture capital fund focused on nanotechnology innovations, and Flanders Future Techfund (FFTF), a Belgian/Flemish public investment fund. QBIC, a Belgian inter-university venture capital fund, is also participating.  The investment will be used to fund the commercialisation of truly realistic, immersive 3D HXR gigapixel technology for a wide range of emerging applications. The demand for eXtended Reality (XR) technology that enhances or replaces our view of the world is exploding with

Speechmatics, a speech recognition technology scaleup, has raised $62 million in a Series B funding round led by Susquehanna Growth Equity with participation from existing investors AlbionVC and IQ Capital. The funding will be used to support Speechmatics’ vision to be a world-leading speech platform, understanding every voice with human-level accuracy. Speechmatics is headquartered in Cambridge, UK with offices in London, Boston, USA, Chennai, India and Brno, in the Czech Republic. The investment will be used to support global expansion across the United States and Asia-Pacific, improving infrastructure – particularly data centre capacity and adding further firepower to its research