The latest from SDGx

SpinDrive raises pre-Series A funding

Finnish cleantech company SpinDrive has raised 1.6 M€ in pre-Series A funding round. SpinDrive improves the energy efficiency of industrial processes by providing active magnetic bearings to equipment manufacturers easily and affordably. Magnetic bearings are digital bearings that enable to reach the highest possible rotational speed and completely eliminate friction. SpinDrive solution reduces rotating equipment lifecycle costs by 35%.

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Opinion: 9 Principles Of Venture Capital Jumping On The Impact Train

The scientific evidence points to the fact that we simply cannot isolate financial return from other effects: there must also be a transition from short-termism to thinking more clearly about longer-term outcomes that are for the benefit of the greater good and this requires the primary purpose at the outset to shift from solely financial gains to equal gains for people, planet and profits.

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