💸 $11M Seed Dual-Chem Batteries; €325M Debt for EV Infra; $100M Series B Cloud Racks; $18.7M Seed Copper Recovery; $8.5M Series A In-Fab Yield AI | Deep Tech Capital Movements Vol. 29
The Week’s State of Deep Tech Capital: who’s Raising, who’s Betting, and why.
Welcome back to Deep Tech Capital Movements — the weekly report from The Scenarionist that highlights and analyzes capital dynamics in Deep Tech, from early-stage funding rounds to major fund launches.
✨ For more, see Membership | Exit | Deep Tech Briefing | Deep Tech Catalyst | Insights | Rumors | VC Guides
Beyond Silicon, Beneath 4K – The Rise of Cryogenic Compute | Rumors
Five Startups, One Rumor. Startups are harnessing cryogenic electronics and thermodynamics to break scaling limits in AI and quantum — from cold chips to million-qubit systems.
Dear Friends
Another week, another flood of capital into the high-stakes universe of deep tech—and once again the signal-to-noise ratio is tightening. By the numbers, deep-tech and climate-tech startups disclosed more than $1.61 billion in fresh funding, with Europe and North America splitting more than 90% of the haul and sporadic—but material—tickets landing in Asia-Pacific and the Middle East. Macro headwinds, and rate jitters: if you can point to hard IP, proven unit economics, and a line-of-sight to infrastructure control, the checks still clear.
Early-Stage Microstructure: Modular Is the New Moat
At seed, conviction is racing back toward high-barrier, physical-world plays long dismissed as “too slow” for SaaS-bred funds. Raise Robotics ($7.75 M) and Estes Energy ($11 M) exemplify the new wedge: