Katie Fehrenbacher

1 week ago | axios.com | Katie Fehrenbacher

Sky Leasing's acquisition of JetBlue Ventures will give the CVC access to outside capital and broaden its reach, says JetBlue Ventures CEO Amy Burr. Why it matters: Parent company JetBlue is focused on getting back to profitability, which apparently doesn't include a VC arm. Catch up quick: JetBlue Ventures launched nine years ago, and the firm has invested off JetBlue's balance sheet for roughly two vintage funds, 2016 and 2021.

1 week ago | axios.com | Katie Fehrenbacher

Rainmaker, a startup that uses drones to enhance rain, has closed a $25 million Series A, the company tells Axios. Why it matters: As weather patterns change, so-called cloud seeding technology is becoming increasingly important. Zoom in: Lowercarbon Capital led the round, and participating investors include Starship Ventures, 1517 Ventures, Long Journey Ventures, and individuals Garry Tan and Naval Ravikant, among others.

2 weeks ago | axios.com | Katie Fehrenbacher

Utilidata has closed a $60 million Series C round to develop its grid AI tech beyond smart meters, including for data centers. Why it matters: Electricity demand growth is enabling utilities to upgrade systems and add more AI tech. Zoom in: Renown Capital Partners led the round, with participation from Quanta, Keyframe Capital and Nvidia. The company collaborated with Nvidia to develop its module and the investment was off of Nvidia's balance sheet.

2 weeks ago | axios.com | Katie Fehrenbacher

Climate investors are seeing a growing number of deals emerge around distressed startup assets, investors at SF Climate Week said. Why it matters: It's a great time to be a buyer, but a rough time for startups or investors to raise money. Zoom in: "There's going to be a lot of blood on the streets in terms of distressed assets. You're already starting to see that," Colin le Duc, founding partner of Generation Investment Management, said during a panel Thursday.

2 weeks ago | axios.com | Katie Fehrenbacher

SMRs are a bit of a space race of this generation, says Roger Martella, GE Vernova's chief corporate officer and chief sustainability officer. Why it matters: GE Hitachi developed an SMR that is set to be the first one deployed in North America in Clarington, Ontario. Catch up quick: The joint venture, which is part of GE Vernova's power business, has developed the BWRX-300, a reactor based on traditional boiling water models.