Cellnex Telecom, Lenovo and Elewit (a technology subsidiary of the Red Eléctrica Group) have led the investment round in the Barcelona-based Nearby Computing, start-up, an initiative of the Barcelona Supercomputing Center-Centro Nacional de Supercomputación (BSC-CNS) and the Polytechnic University of Catalonia (UPC), with an investment of approximately €2 million.

Zeleros Hyperloop has completed a financing round worth more than €7 million. The company starts a new and important phase in the development of its unique version of hyperloop, the “fifth mode of transport”, the best alternative for the future to connect efficiently and sustainably long-distance routes for passenger and cargo transportation. Connections like Paris – Berlin could be reduced to less than an hour.

CounterCraft, a European cybersecurity software company, today announced it has secured $5 million in additional funding. The financing round was led by Adara Ventures, joined by new investors eCAPITAL and Elewit, with participation from existing investors including Evolution Equity Partners, ORZA, and Wayra (Telefonica’s Open Innovation Hub).

This week the innovation ecosystem is looking south. Granada is holding Alhambra Venture, the forum for innovation, investment and entrepreneurship promoted by IDEAL. Elewit will also be taking part in this important event, and we will do so in coordination with Elena de Benavides, our Open Innovation & Entrepreneurship Lead who will present our strategy for open innovation and the main milestones in this field.