Credo Ventures joins €10M Series A round for Continuum Industries
Continuum Industries, a UK-based infrastructure planning company with Polish founders, has raised €10 million in a Series A round of funding. The round was led by Singular, with participation from Techstart Ventures, Playfair, several angels, as well as Credo Ventures, a Czech VC firm.
- Founded in 2018 by Emil Hansen, Matt Blythe, and entrepreneurs from Poland Grzegorz Marecki and Adam Anyszewski, Continuum Industries develops an AI-powered network and linear infrastructure development platform called Optioneer. The solution leverages geospatial data and tests millions of potential routing alternatives against project-specific environmental, social, cost, and technical considerations.
- At large, the company wants to use the capital to accelerate the world’s transition to renewable energy by enabling faster, lower-risk, and more environmentally conscious project development for power, utility, and renewables companies.
“Since closing, Continuum has grown the team to 14 people, successfully built out Optioneer, launched an oversubscribed Early Adopters Programme, welcomed its first paying client (Mott Macdonald), and is rolling out its solution to companies around the world for projects covering water and hydrogen pipelines, cabling, and more,”Chris Smith, Managing Partner at Playfair, comments.
- Paris-based generalist VC firm Singular is the lead investor this round. Techstart Ventures, a a seed investment partner across Scotland and Northern Ireland, Playfair Capital, a UK-based VC firm, and several unnamed angel investors joined the round.
- Credo Ventures was also one of the backers. It is a Prague-based venture capital company focused on early stage investments in Central Europe. In June, Credo joined €17.3 million Series A round for another UK-based company, ElevenLabs.