Whizzo eyes $26M Series B from Aavishkar, Bertelsmann
Materials science manufacturing startup Whizzo is in talks to secure $26 million in a Series B round led by Aavishkar Capital and Bertelsmann, Inc42 reported. The funding would mark one of the larger deeptech rounds in recent months, following a period of cautious capital deployment in hardware-heavy sectors.
The startup’s focus on materials science comes as European startups saw a sharp uptick in September funding, with €15.8 billion raised across 300 deals—nearly five times August’s total. While most of that capital flowed to software and AI, the reported interest in Whizzo may suggest some investors are exploring opportunities in hardware with industrial applications.
The materials science sector has historically faced challenges in attracting venture capital due to long development cycles and high capital requirements. If the round closes, it might reflect broader trends in funding for similar companies. Aavishkar Capital’s participation could also point to its ongoing interest in startups working at the intersection of research and commercial production.
No valuation or timeline for the close has been disclosed. Whizzo has not previously appeared in StartupReader’s coverage.
Sources: inc42.com
“Whizzo’s reported raise could indicate shifting investor sentiment toward capital-intensive deeptech manufacturing amid a broader funding rebound.”
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