Milvus Advanced Raises Seed Round to Scale Industrial-Scale Substitution of Critical Elements With Next-Generation Nanoalloy Technologies

Milvus’s proprietary materials have been independently validated for their superior performance and durability. With this new funding, the company will accelerate its mission to recreate Earth’s rarest metals from abundant elements and scale commercialization across clean energy, transport, electronics, and chemical manufacturing.

Engineering the Next-Generation of Engineered Alternative Elements  
Today’s energy and electronics sectors rely heavily on rare metals such as platinum group metals: scarce, expensive, and sourced from geopolitically fragile regions. This creates cost volatility, insecure supply chains, and environmental damage. Milvus eliminates these constraints by recreating the properties of rare metals using sustainable, earth-abundant nanoalloys that deliver equal or superior performance, with a focus on electrochemical and optoelectronic applications.

Milvus Advanced is tackling this bottleneck by recreating their properties using sustainable, earth-abundant nanoalloys delivering equal or superior performance of these critical elements, focusing first on electrochemical and optoelectronic applications at a fraction of the cost without relying on supply chain unreliability.

Milvus operates on a B2B model, delivering next-generation nanoalloy technologies to sectors where performance, cost, and sustainability intersect. Deep tech industries are urgently seeking new material alternatives. Milvus is uniquely positioned to unlock the next materials revolution.

Key application areas include:

  • Clean Energy & Transport: Enhance efficiency in hydrogen and solar systems performance
  • Chemical Manufacturing: Enable cleaner, more energy-efficient industrial reactions
  • Electronics: Improve device performance, energy efficiency, and longevity

Reshaping the Catalyst Industry

“What if the periodic table did not limit us?” said Assia Kasdi, CEO of Milvus Advanced.  “We are rewriting the elemental rules: our technology offers a clear path to scale low-carbon solutions without relying on rare materials. This funding fuels our mission to scale production, grow our team, and bring our metal substitutes to industries building the next generation of climate solutions.”

With the seed capital, Milvus will continue to rapidly move from scientific breakthrough to scalable impact. Its first-of-a-kind nanoalloys and membranes are already tested in partnership with global electrolyser OEMs and chemical manufacturers. With this funding, Milvus will expand its team, scale production and commercial partnerships, enter the U.S. market to establish advanced materials manufacturing and strategic partnerships, and deepen R&D into new material systems.

“Milvus is redefining what’s possible in material performance,” said Hussein Kanji, Founder and Partner at Hoxton Ventures. “Their materials have demonstrated superior results in demanding electrochemical and optoelectronic applications—and they’re doing it with a step-change in scalable production. At a time when industries are constrained by the limits of critical earth metals, Milvus is opening a new frontier that can accelerate clean energy, advanced manufacturing, and next-generation electronics.”

About Milvus 

Founded in Oxford, Milvus designs next generation of low-cost nanomaterials that replace some of the world’s most scarce and strategic materials in clean energy, catalysis and optoelectronics. By leveraging widely available elements and proprietary materials engineering, Milvus catalyzes a future where the energy transition is not only possible but elemental.

Media Contact:
Tim Turpin, CodePR
[email protected]

SOURCE Milvus Advanced

Logic Launches Plain-English AI Automation Platform, Now Generally Available

$4.3M-backed business automation platform eliminates coding requirement, processes 200,000+ decisions monthly

SEATTLE, Oct. 20, 2025Logic today announced general availability of its AI-powered decision automation platform, removing the waitlist after a year-long beta period. The company has raised $4.3 million in seed funding from Founders’ Co-op, Audacious, Ali Partovi’s Neo, current and former Brex execs, Convoy co-founder Dan Lewis, and others. Logic enables business teams to automate recurring decisions using only plain English descriptions.

Logic has already automated over 2 million decisions across industries including retail, fintech, and public safety. The platform allows teams to describe their decision or review processes in natural language — and deploy automations instantly as web apps, APIs, or integrations with existing tools.

“We built Logic because every company has hundreds of repetitive decisions that bottleneck growth,” said Steve Krenzel, CEO and co-founder of Logic. “Engineering teams shouldn’t need to code every business rule change. With Logic, domain experts own their logic and update it instantly.”

Unlike general workflow automation tools, Logic specializes in recurring decision-making processes where teams have traditionally leveraged human reviewers to follow defined SOPs. This includes areas such as product moderation, purchase order processing, and fraud detection. Logic automatically generates a production-ready API from a process description, allowing teams to automate recurring decisions at scale from any external tool or software.

“Before Logic, we could only moderate 1,000 products per day. Now we process 5,000 SKUs in real-time without delay,” said Sunil Gowda, CEO of Garmentory, an online marketplace. “We were able to drop our price floor from $50 to $15 as a result. Logic directly contributed to our best financial quarter ever.”

Key Platform Features

  • Plain English automation: Write processes as you would explain them to a colleague
  • Instant deployment: Generate web apps, APIs, or integrations in minutes
  • Auto-generated testing: Built-in testing catches edge cases before deployment
  • Version control: Full audit trail with instant rollback capability
  • Enterprise security: SOC 2 Type II certified with 79+ security controls

For more information, visit logic.inc.

About Logic

Logic is an AI-powered decision automation platform that enables business teams to automate recurring processes without coding. Founded in 2024 by Steve Krenzel and Jess Garms, Logic helps companies scale decision-making and manual reviews through plain English descriptions that deploy as production-ready automations.

SOURCE Logic, Inc.

Diversis Capital Fund III Closes at $1.2 Billion Hard Cap

  • Fund III advances Diversis’ strategy of accelerating the growth of software and tech-enabled companies
  • Strong participation from diverse global base of new and existing institutional investors
  • Fund III oversubscribed at hard cap

LOS ANGELES, Oct. 20, 2025 — Diversis Capital Management, LP (Diversis” or the Firm”), a Los Angeles-based private equity firm focused on investing in software and technology-enabled services organizations, today announced the completion of Diversis Capital Partners III, L.P. (the Fund”), with over $1.2 billion of total commitments.

The oversubscribed fund reached its hard cap with strong participation from a diverse global base of new and existing institutional investors, surpassing its target of $850 million and bringing the firm’s total assets under management to over $3 billion. Diversis completed its Fund II fundraise in 2021 with $680 million of committed capital.

Diversis will continue to apply its disciplined investment philosophy to acquire assets with strong core foundations that can use the Firms combination of growth capital, operational support and a unique strategic approach to excel beyond their current limitations. Diversis makes operationally focused control private equity investments in lower middle-market companies, primarily in businesses based in North America, and selectively in Europe and Australia.

Diversis Co-Founder and Managing Partner, Kevin Ma, said, As we continue to build Diversis, we will focus on working with founders, corporations and teams to help unlock the next stage of profitable growth to create market leaders. We’ve seen a lot of success bringing the best practice, innovation and AI experience of our deep bench of operating partners to create scale and build long term value in our portfolio.  We are excited to double down on the execution of this strategy in our new fund. We’d like to thank our existing LPs who have supported us over the last several years and welcome our new LPs to the team.”

Diversis Co-Founder and Managing Partner, Ron Nayot, said, “We believe the successful completion of Fund III marks an important milestone for Diversis, validating our proven track record, disciplined investment strategy, and the strength of our people, portfolio leadership teams, and investors. Each of these groups plays a vital role in our continued success, and we are deeply grateful for their partnership as we begin deploying Fund III.  Looking ahead, we see tremendous opportunity across the software and technology-enabled sectors, particularly as artificial intelligence reshapes the competitive landscape.  As always, our goal remains to deliver superior returns for our investors through thoughtful execution, strategic partnership, and a relentless commitment to building enduring, technology-driven businesses.”

Fund III generated high demand from a diverse global base of new and existing institutional investors, including leading endowments and foundations, investment advisers and fund-of-funds, public and private pension plans, family offices, and financial and insurance institutions.

William Blair acted as exclusive global placement agent, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel.

About Diversis Capital
Founded in 2013, Diversis is a software and technology focused private equity fund that invests in lower middle-market companies, targeting situations where it can add unique value in helping a company reach the next level. With a collaborative approach to investing, its Operating Partners and Strategic Advisors work alongside management teams to help build successful organizations positioned for long-term growth. To learn more, visit www.diversis.com.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

SOURCE Diversis

Finster AI Raises $15 Million to Redefine the Future of Financial Intelligence

Company opens New York office, expands London headquarters, and adds senior leaders from Morgan Stanley and Revolut

LONDON, Oct. 20, 2025 — Finster AI, the AI-native platform for investment banks and asset managers, today announced $15 million in combined Series A and Seed funding. The Series A was led by FinTech Collective and the Seed was led by Peak XV, with ongoing participation from Hoxton Ventures.

The capital will support Finster’s New York expansion, accelerate the build-out of an industry-leading team, and fuel data and technology partnerships across the financial ecosystem.

Finster AI Mirrors How Finance Actually Works

Financial institutions operate under constraints that generic AI does not always address. Teams routinely handle confidential information and Material Nonpublic Information (MNPI), requiring strict controls and robust governance. Additionally, front-office workers have zero tolerance for hallucinations that can introduce risks of error in client communication, investment documents, and market research. Of equal importance is the need for accurate, real-time data, which heightens the requirement for high-quality, permissioned data.

In his seven years doing AI research at Google DeepMind, Sid Jayakumar watched the field mature and decided to found Finster AI in 2023. Informed by a deep understanding of information flow and user behavior in finance, Finster is personalized to every role, user and workflow. Whether drafting investment memos, conducting research, or assembling data and client materials, Finster provides an experience that Finance Professionals know and trust, all powered by state-of-the-art AI. 

“Finance has unique demands and AI is a critical tool for staying ahead of the market,” said Sid Jayakumar, Founder and CEO of Finster AI. “We designed Finster as a secure, scalable, and verifiable platform that doesn’t just support workflows; it anticipates them. Our mission is to help financial professionals move from reactive tasks to proactive, insight-driven decision-making at industry scale.”

Early Partnerships with Leading Global Institutions

Finster AI has already partnered with several leading financial institutions, including tier 1 global investment banks and asset managers. “Investment banks and asset managers are under increasing pressure to deliver deeper insights at greater speed,” said Sid Jayakumar. “There is no easy button for transformation. It takes true partnership, a deep understanding of workflows, and shared ambition. That’s why we’re privileged to already collaborate with some of the leading firms out there. Our mission is to be trusted partners, meeting teams where they work, with defensible outputs and a clear ROI.”

Leadership Additions: Experience at the Intersection of Finance & Technology

Finster has added seasoned leaders with track records at global financial and technology firms, including alumni of Revolut, Morgan Stanley, Rothschild & Co and Visible Alpha.

Chris Andrews has joined as Chief Operating Officer and will be based in New York. Andrews brings nearly two decades of experience at Morgan Stanley, most recently as Global COO of Research. He was deeply involved in transformative initiatives across Trading, Technology, and Research, seeing firsthand how innovation can reshape entire industries. Andrews stated, “Finster’s thoughtful design is defined by two strengths: a platform purpose-built for scale and trust, and a team with proven excellence across AI and finance creates a powerful foundation to help our clients adopt AI with confidence.”

Veeral Manek, joining from Revolut, will also take a product role. At Revolut, Veeral was General Manager of the rapidly growing Wealth & Trading business, delivering best-in-class trading and investing products to millions of customers worldwide. “For some time, I have been considering how AI will impact the future of work. I believe Sid and the team are building the most thoughtful solution to solve the unique complexities of the financial industry.”

Hussein Kanji , Founder and Partner at Hoxton Ventures, commented: “More than four decades ago, the Bloomberg Terminal brought speed of information and transparency to the financial markets. We believe Finster AI is at the forefront of a new transformation through its investment banking workflows. From the start, we saw Sid’s sharp insight and bold vision, and it’s exciting to see him now delivering — building an exceptional team and strong early traction.  Finster’s AI-native approach is solving critical inefficiencies where others have struggled, and we’re thrilled to support the team as they drive the next wave of innovation in financial services.”

“In getting to know Finster, we have been continuously impressed with Sid and the caliber of talent that he has attracted across the entire team,” said Toby Triebel, Partner, FinTech Collective. “Deep AI and financial services expertise are both essential ingredients to create truly impactful, deeply integrated enterprise-grade AI for such a complex industry. Already, the proof is in the product, which resonates with clients on a global scale thanks to their rigorous pace of execution that has catapulted them past even well-established players.”

About Finster AI

Finster AI is redefining the future of finance with its AI-native research and task automation platform. Founded by a team of experts from Google DeepMind, Meta AI and J.P. Morgan, Finster AI provides cutting-edge solutions to help financial professionals unlock insights faster and more efficiently. For information, visit Finster.AI.

Tim Turpin, CodePR
[email protected]

SOURCE Finster AI

MTX Group Launches MTX Ventures to Empower Founders Driving the Future of Enterprise AI

DALLAS, Oct. 20, 2025 — MTX Group, a global leader in digital transformation and enterprise modernization, today announced the launch of MTX Ventures, a strategic investment arm dedicated to empowering visionary founders who are shaping the future of enterprise artificial intelligence (AI).

Through strategic smart capital and a privileged enterprise community, MTX Ventures provides founders with the resources, expertise, and market access needed to turn breakthrough ideas into real-world impact. As the strategic investment arm of MTX Group, MTX Ventures strengthens the company’s long-term innovation strategy by identifying emerging technologies, business models, and founders that complement MTX’s enterprise and public sector expertise.

“MTX Ventures fuels the next generation of enterprise AI-native technology companies driving digital transformation and social impact,” said Das Nobel, Founder and CEO of MTX Group. “At MTX, our mission has always been about outcomes that enhance happiness, health, and economics. With MTX Ventures, we’re expanding that mission by backing founders whose innovations can improve how organizations operate and how communities thrive. We’re investing in purpose-driven AI-native technology that makes a difference.”

MTX Ventures will focus on early to mid-stage companies developing enterprise software that aligns with MTX Group’s technology roadmap and public sector expertise. The fund will prioritize three investment areas:

  • Pure-Play AI Products that deliver transformative improvements in enterprise efficiency, decision-making, and citizen experience.
  • Technology Enhanced by AI, leveraging agentic AI to create competitive differentiation and measurable business outcomes.
  • Cybersecurity Innovations that strengthen trust and compliance in large-scale enterprise and government AI adoption.

Portfolio founders gain access to MTX Group’s deep network, including:

  • Exclusive Public Sector Access — Rapid introductions to key decision-makers within state, local, and federal government agencies.
  • Accelerated Go-to-Market Support — Co-selling and integration with existing MTX client projects to reduce sales cycles.
  • Hands-On Operational Mentorship — Guidance from MTX executives on scaling, compliance, and enterprise engagement.
  • Global Resource Pool — Access to MTX’s global cloud, engineering, and data science teams.

“MTX Ventures is more than an investment platform—it’s a partnership built on trust, access, and shared vision,” said Nate Shilling, Chief Strategy Officer of MTX Group. “We’re empowering founders to build the next generation of enterprise and public sector AI solutions—faster, smarter, and with greater impact. Together, we’ll transform ambitious ideas into scalable realities.”

MTX Ventures operates as a wholly owned subsidiary of MTX Group, headquartered in Frisco, Texas, and represents a long-term strategic commitment to innovation, collaboration, and social impact across the global AI ecosystem. Through MTX Ventures, MTX Group continues to advance its global mission of driving measurable outcomes in happiness, health, and economics through technology that creates meaningful impact.

About MTX Ventures
MTX Ventures is the strategic investment arm of MTX Group, focused on empowering the next generation of enterprise AI and cybersecurity innovators. Through strategic smart capital and a privileged enterprise community, MTX Ventures fuels founders turning vision into market reality.

About MTX Group
MTX is a global technology consulting firm that serves as a trusted advisor for government agencies and businesses to modernize through digital transformation. With data as the new currency, MTX helps transform long-term strategy with outcomes focused on happiness, health, and economics. By partnering with leading cloud technologies, MTX improves decision-making with speed and quality.

SOURCE MTX Group

Magic Raises $10M to Bring AI Into the Real World

After quietly powering the world’s top restaurants, Magic emerges from stealth with Loyalist, an AI platform powering personalized hospitality experiences

NEW YORK, Oct. 20, 2025 — Magic, a company building AI for real-world experiences, is announcing $10 million in seed funding led by venture capital firm Lerer Hippeau, with participation from Bling Capital, Floodgate, and industry strategics Major Food Group and VCR Group, Gary Vaynerchuk and David Rodolitz’s hospitality group.

Magic is emerging from stealth after building Loyalist, an agentic CRM platform used by hundreds of restaurants including Major Food Group, Momofuku, Le Bernardin, COTE, and Daniel Boulud’s The Dinex Group.

While AI has supercharged productivity for people who work behind screens like engineers, lawyers, and analysts, it has largely left behind the largest employer sector in the world – the service industry.

Magic is changing that.

“Every aspect of our digital lives has been personalized by AI from how we shop to consume content, but when you walk into a restaurant, hotel, a retail store, the experiences still feel generic,” said Maggie Tang, Founder and CEO of Magic. “The next chapter of AI will happen beyond the chat window – in the real world.”

Magic’s first product, Loyalist, streamlines a restaurant’s existing tech stack: reservations, point-of-sale systems, private event platforms, and social media into a single real-time CRM for marketing, review management, reporting, and more. The platform also surfaces actionable insights that help operators deliver personalized moments at scale like knowing a guest’s favorite booth, remembering they love chocolate cake, or sending them a targeted invite to a wine dinner that matches their preferences.

“One of the things that makes our restaurants special is our deeply personal relationships with our top regulars and friends. Loyalist allows us to scale that personal relationship with every guest who dines with us,” says Mario Carbone, chef and co-founder of Major Food Group, the luxury hospitality brand behind CARBONE, Torrisi Bar & Restaurant, Sadelle’s, ZZ’s Club and more.

“Loyalist is building technology that actually understands the human side of our industry, helping operators connect, anticipate, and engage in ways that feel personal at scale,” says David Rodolitz, co-owner and CEO of VCR Group.

Loyalist already powers tens of millions of guest interactions annually across hundreds of restaurants, representing over $2 billion in guest spend, with revenue growing more than 10x in the past year. The company plans to use the new funding to expand its team and build additional AI-powered products across hospitality verticals, including hotels, retail, real estate, wellness, and more.

“Hospitality experiences are supposed to feel magical — marked by great service, energy, special offerings — but anyone who’s worked in the industry knows how hard it is to make magic every day,” says Ben Lerer, Managing Partner at Lerer Hippeau. “Maggie’s been working in restaurant operations since she was a teenager, and brings a rare combination of product depth and hospitality intuition and taste. Now, she’s using AI to take the friction out of the work so the human side can shine. The tech is finally ready to make that promise real for one of the world’s biggest (and most analog) industries.”

“The more digital our lives become, the more we crave authentic human connection,” said Tang. “Magic is about giving people superpowers to create experiences that make people feel like they truly belong.”

About Magic
Magic builds AI that brings personalization and intelligence to real-world experiences. Its flagship product, Loyalist, helps restaurant hospitality operators understand and delight every guest through data-driven insights. Magic is based in New York City and backed by investors including Lerer Hippeau, Bling Capital, and Floodgate. Learn more at magic.company and loyalist.com

About Lerer Hippeau
Lerer Hippeau is an early-stage venture capital firm founded and operated in New York City. Since 2010, we have invested in entrepreneurs with great ideas who aren’t afraid to do hard things. Our portfolio includes more than 400 leading enterprise and consumer businesses including Guideline, Mirror, Blockdaemon, K Health, Palmetto, ZenBusiness, Zipline, Prose, and Warby Parker. We’re experienced operators who invest early and stay in our founders’ corners as they build iconic companies. Learn more at lererhippeau.com.

About Bling Capital
Bling Capital  is an early stage venture fund founded in 2018 by Ben Ling, a former product executive at Google, Facebook, and YouTube. Since inception, Bling Capital has backed over 100 companies that have collectively raised over $3B. Bling Capital offers a unique Product Council of 100+ top executives as resources to its portfolio companies. We are honored to have been featured by TechCrunch as “The VCs that Founders Love the Most” and Ben Ling was recognized on the Forbes Midas Seed List (#4 in 2023, #5 in 2024).

Media Contacts:
Magic
[email protected]

Major Food Group
Lauren Gnazzo
[email protected]

SOURCE Magic

Abundant Venture Partners Accelerates National Growth with New Health System Alliance Members and Pediatric Cohort Launch

Endeavor Health, Henry Ford Health, Lurie Children’s Hospital of Chicago, Nemours Children’s Health, Northwestern Medicine, and Rush Health sign on to build high value companies that benefit both healthcare providers and families.

CHICAGO, Oct. 20, 2025 — Six months after launching the Abundant Platform, Abundant Venture Partners has added several leading health systems to its Alliance, bringing the total to 22 healthcare provider organizations. The firm has also introduced a dedicated pediatric cohort, convening leading institutions from across the country to co-develop innovations designed for the specialized needs of pediatric care.

The platform continues to accelerate commercialization of high-potential healthcare ventures through the Abundant Venture Studio, ensure early market adoption across its provider network, and drive scale with strategically aligned, provider-backed seed and Series A funds. In May, virtual cardiology startup Auxira was launched via the platform in partnership with MedStar Health.

“Working alongside our pediatric partners is especially inspiring,” explained Katie Edge, Senior Vice President, Abundant Alliance.  “As we’ve engaged with both standalone pediatric systems and pediatric hospitals inside of larger health systems, we’ve seen an extraordinary spirit of innovation. They have a deep commitment to providing high quality care for children and families while shaping the future of hospital operations.”

Health system members of the Abundant Platform play a pivotal role as co-developers, early adopters, and aligned owners of opportunities uncovered via the Abundant Platform. “At Lurie Children’s, we’ve long focused on innovation within pediatrics,” Tom Shanley, MD, President and CEO, Ann & Robert H. Lurie Children’s Hospital of Chicago. “We’ve been particularly impressed by the perspective Abundant brings to our field from serving health systems across the broader ecosystem.”

Abundant plans to select up to eight additional healthcare organizations to join the Abundant Alliance, and is actively reviewing early-stage startups and entrepreneurs for innovations that offer high value and sustainable solutions to healthcare institutions. To learn more or be considered, visit abundantventurepartners.com.

About Abundant Venture Partners

Founded in 2011, Abundant Venture Partners has developed a collaboration platform that grows high value, sustainable companies to benefit healthcare providers. The platform accelerates commercialization through the Abundant Venture Studio, ensures rapid adoption via the Abundant Alliance of healthcare providers, and drives scale with aligned, provider-backed seed and Series A venture funds. Through a unique combination of aligned ownership, capital efficiency, and focus on strategic impact, Abundant is directing more than $80 billion in healthcare provider buying power toward opportunities that shave years and millions of dollars off the traditional healthcare innovation process. To date, the firm has made 36 investments and founded 19 companies.

Press Contact:
Lauren Davis
Alkali Marketing
512.751.2946
[email protected]

SOURCE Abundant Venture Partners

Generate Capital Secures C$60 million Financing from Fiera Infrastructure Private Debt for Upcycle, as RNG Momentum Builds Across North America

SAN FRANCISCO, Oct. 20, 2025Generate Capital, PBC (“Generate”), a leading infrastructure investment firm, along with Fiera Infrastructure Private Debt, today announced the closing of a C$60 million (US$43 million) inaugural financing for Generate Upcycle’s (“Upcycle”) North American anaerobic digestion (AD) portfolio.

“This financing underscores both the maturity and the momentum of Upcycle’s RNG platform,” said Bill Caesar, President of Generate Upcycle. “Food-waste RNG is scaling, and this transaction shows how creative capital can unlock solutions with real-world environmental and economic impact.”

The portfolio, which includes five upgraded RNG assets across Ontario, Canada and Upstate New York, is expected to deliver approximately 1 million GJ per year of RNG production capacity once fully ramped. The transaction, led by Fiera Infrastructure Private Debt, represents:

  • Generate’s first cross-currency, cross-border financing
  • The first financing of food-waste RNG in Generate’s portfolio

The long-term facility allows Upcycle to recycle balance sheet capital and supports future expansion across the platform.

“We are proud to partner with Generate on this landmark transaction, which demonstrates both the growing maturity of the RNG sector and the ability of innovative financing structures to support its expansion,” said Stephen Zagrodny, Managing Director, Fiera Infrastructure Private Debt. “Food-waste RNG represents a critical solution for decarbonizing energy systems while addressing waste management challenges, and we are pleased to help accelerate Upcycle’s growth in this important area.”

Generate Upcycle, a wholly owned subsidiary of Generate Capital, is a renewable natural gas and electricity production platform providing integrated organic waste solutions to public and private partners across Canada, the United States, and the United Kingdom. Upcycle’s portfolio includes four anaerobic digesters and two pre-processing facilities in the U.S. and Canada that collectively process approximately 400,000 tons of food waste annually, producing around 1 million GJ of RNG. Upcycle’s portfolio of seven anaerobic digesters and one pre-processing facility in the United Kingdom processes approximately 500,000 tons of organic waste and produces both ~600,000 GJs of RNG and ~100,000 MWh of renewable electricity annually.

The company serves municipal and commercial customers with waste processing solutions while supplying RNG under long-term agreements with high-quality utility and corporate counterparties.

About Generate Capital

Generate is a specialized multi-strategy investment platform that builds, owns, and operates critical infrastructure. The firm finances and delivers affordable, resilient solutions that provide essential resources to customers and communities, while supporting the nation’s growing demand for power. Since 2014, Generate has invested in and operated assets across six key sectors: power, mobility, waste, green digital, water, agriculture, and industrial decarbonization. With more than $14 billion raised since inception, the firm’s portfolio includes over 2,000 assets and more than 50 partnerships with leading technology providers and developers.

For more information, please visit www.generatecapital.com.

About Fiera Infrastructure Private Debt

Fiera Infrastructure Private Debt is a division of Fiera Private Debt Inc., which is a subsidiary of Fiera Capital Corporation. Fiera Infrastructure Private Debt directly sources and structures private debt investments across a diverse mix of North American infrastructure sectors. Led by a team of experienced and specialized infrastructure debt professionals, Fiera Infrastructure Private Debt’s differentiated approach targets an attractive mid-market niche to help optimize cash yield and the defensive attributes inherent to both private credit and infrastructure investments. As of June 30, 2025, Fiera Infrastructure Private Debt had C$594 million in assets under management. For more information, please visit: www.fierainfradebt.com.

SOURCE Generate Capital

Milvus Advanced Raises Seed Round to Scale Industrial-Scale Substitution of Critical Elements With Next-Generation Nanalloy Technologies

Milvus’s proprietary materials have been independently validated for their superior performance and durability. With this new funding, the company will accelerate its mission to recreate Earth’s rarest metals from abundant elements and scale commercialization across clean energy, transport, electronics, and chemical manufacturing.

Engineering the Next-Generation of Engineered Alternative Elements
Today’s energy and electronics sectors rely heavily on rare metals such as platinum group metals: scarce, expensive, and sourced from geopolitically fragile regions. This creates cost volatility, insecure supply chains, and environmental damage. Milvus eliminates these constraints by recreating the properties of rare metals using sustainable, earth-abundant nanoalloys that deliver equal or superior performance, with a focus on electrochemical and optoelectronic applications.

Milvus Advanced is tackling this bottleneck by recreating their properties using sustainable, earth-abundant nanoalloys delivering equal or superior performance of these critical elements, focusing first on electrochemical and optoelectronic applications at a fraction of the cost without relying on supply chain unreliability.

Milvus operates on a B2B model, delivering next-generation nanoalloy technologies to sectors where performance, cost, and sustainability intersect. Deep tech industries are urgently seeking new material alternatives. Milvus is uniquely positioned to unlock the next materials revolution.

Key application areas include:

  • Clean Energy & Transport: Enhance efficiency in hydrogen and solar systems performance
  • Chemical Manufacturing: Enable cleaner, more energy-efficient industrial reactions 
  • Electronics: Improve device performance, energy efficiency, and longevity

Reshaping the Catalyst Industry

“What if the periodic table did not limit us?” said Assia Kasdi, CEO of Milvus Advanced. “We are rewriting the elemental rules: our technology offers a clear path to scale low-carbon solutions without relying on rare materials. This funding fuels our mission to scale production, grow our team, and bring our metal substitutes to industries building the next generation of climate solutions.”

With the seed capital, Milvus will continue to rapidly move from scientific breakthrough to scalable impact. Its first-of-a-kind nanoalloys and membranes are already tested in partnership with global electrolyser OEMs and chemical manufacturers. With this funding, Milvus will expand its team, scale production and commercial partnerships, enter the U.S. market to establish advanced materials manufacturing and strategic partnerships, and deepen R&D into new material systems.

“Milvus is redefining what’s possible in material performance,” said Hussein Kanji, Founder and Partner at Hoxton Ventures. “Their materials have demonstrated superior results in demanding electrochemical and optoelectronic applications—and they’re doing it with a step-change in scalable production. At a time when industries are constrained by the limits of critical earth metals, Milvus is opening a new frontier that can accelerate clean energy, advanced manufacturing, and next-generation electronics.”

About Milvus 

Founded in Oxford, Milvus designs next generation of low-cost nanomaterials that replace some of the world’s most scarce and strategic materials in clean energy, catalysis and optoelectronics. By leveraging widely available elements and proprietary materials engineering, Milvus catalyzes a future where the energy transition is not only possible but elemental.

Media Contact:
Tim Turpin, CodePR
[email protected]

SOURCE Milvus Advanced