GOVO Enterprise Companions, together with M4 Investing and the Florida Alternative Fund, is co-leading a $5M seed funding spherical in Miami-based Type Designs. That is the third portfolio firm funding GOVO has made since saying the launch of its enterprise fund, GOVO Fund I, in January.
Type Designs is a climate-tech startup producing eco-friendly, 3D printed seawalls to guard coastal communities from rising sea ranges. By way of using patent-pending know-how, Type Designs prints Dwelling Seawalls that mimic coral reefs and mangroves – internet hosting biodiversity and bettering the standard of the water. The Dwelling Seawalls sequester carbon and accumulate water high quality knowledge via embedded sensors.
“In response to sea degree rise, authorities companies all through the world will search to undertake coverage and steerage for ecologically accountable sea partitions. By making use of its proprietary and progressive know-how, Type Designs is setting the usual and fixing a world downside. We sit up for collaborating with our co-investors and the Type Designs workforce as they work to turn into the market chief within the area,” mentioned Rob Panepinto, Managing Basic Companion at GOVO.
”We’re thrilled to have a Florida-based agency with deep roots locally and authorities experience lead our spherical, enabling us to guard all coastal cities with Type’s Dwelling Seawalls and develop far past our house state of Florida,” mentioned Anya Freeman, Founder and CEO of Type Designs.
