Innovation

StayNow: $2.2 Million (Seed) Closed To Support Independent Hotel Owners

By Amit Chowdhry ● Nov 13, 2024

StayNow, a platform focused on supporting independent hotel owners, announced that it has raised $2.2 million in seed funding. The funding round was led by Fountane, Minnesota based venture studio, with participation from UXReactor and Founders Romal Jayswal and Siddharth Raj. This funding round represents a significant step in helping family-run hotels navigate the challenges of a rapidly changing industry.

General Galactic: Fuel Generation Technology Company Raises $8 Million (Seed)

By Amit Chowdhry ● Nov 13, 2024

General Galactic - a fossil-free fuel generation technology pioneer - announced the closing of an $8 million seed funding round, bringing the total funding in the company to $10 million. And the investment was co-led by Harpoon Ventures and Refactor Capital, with participation from Pathbreaker, BoxGroup, Seraphim, Plug and Play, Impact First and Climate Capital.

Alentis Therapeutics: $181.4 Million (Series D) Raised To Develop Treatments For Claudin-1 Tumors

By Amit Chowdhry ● Nov 13, 2024

Alentis Therapeutics – a clinical-stage biotechnology company developing treatments for Claudin-1 positive (CLDN1+) tumors and organ fibrosis - announced that it has raised $181.4 million in Series D funding, supported by a syndicate of top-tier biotech investors. The financing will support Alentis to develop a deep pipeline of CLDN1 targeted medicines for solid tumors.

AstraZeneca: $3.5 Billion Allocated For R&D And Manufacturing In The US

By Amit Chowdhry ● Nov 13, 2024

AstraZeneca announced $3.5 billion of capital investment in the United States to expand the company’s research and manufacturing footprint by the end of 2026. This includes $2 billion of new investment creating over 1,000 new and high-skilled jobs contributing to the growth of the US economy.

Forerunner Ventures: $500 Million Early-Stage Fund Announced, Brings AUM To Nearly $3 Billion

By Amit Chowdhry ● Nov 12, 2024

Forerunner Ventures has announced a new $500 million early-stage investment fund. This fund would focus on maximizing opportunities and their value for consumers. This fund brings Forerunner's assets under management to nearly $3 billion since the firm was launched 12 years ago.

Swoove Studios: 3D Animation Software Company Raises $7.5 Million (Seed)

By Amit Chowdhry ● Nov 12, 2024

Swoove Studios, a leading 3D animation software company, announced it had closed a $7.5 million seed funding round led by European angel investors. This funding round brings the company's total to $11 million since its launch in 2020. Subsequently, it has started a strategic review as it continues to scale across Europe and launched this month in the US.

Blue Earth Therapeutics: Radiopharmaceuticals Developer Raises $76.5 Million (Series A)

By Amit Chowdhry ● Nov 12, 2024

Blue Earth Therapeutics, a leader in the development of therapeutic radiopharmaceuticals, announced the the closing of a $76.5 million Series A funding. The funding round was led by Soleus Capital and co-led by Sands Capital Management, with existing investor Bracco Imaging SpA also participating. Woodline Partners and PBM Capital also joined the financing as new institutional investors.

Nextech: Interview with VP Of Platform, Data And AI Kevin Lemieux About The Healthcare Solution Company

By Amit Chowdhry ● Nov 12, 2024

Nextech is a complete healthcare technology solution for specialty providers. And since 1997, Nextech has been focused on delivering innovative solutions and services that drive efficiency, fuel growth, and enhance the patient care experience. Nextech services over 16,000 physicians and over 60,000 office staff members in the clinical specialties of dermatology, med spa, ophthalmology, orthopedics, and plastic surgery. Pulse 2.0 interviewed Nextech’s VP of Platform, Data, and AI, Kevin Lemieux, to learn more about the company.

Oyster: Funding Raised From ServiceNow Ventures At $1.2 Billion Valuation

By Amit Chowdhry ● Nov 12, 2024

Oyster, a global employment solution for employing, paying, and caring for distributed teams, announced it secured new financing from ServiceNow Ventures. This funding round follows Oyster’s recent Series D round, which valued the company at $1.2 billion and brings total capital raised to $291 million.

Phytolon: Natural Colors Company Raises Funding From Rich Products Ventures

By Amit Chowdhry ● Nov 12, 2024

Phytolon, an Israeli-based biotechnology and food tech company that produces natural food colors using precision fermentation, recently secured an investment from Rich Products Ventures (RPV), which is the corporate venture capital fund of global, family-owned food company Rich Products (Rich's), to help drive commercialization of its sustainable and clean-label solution for natural food colorings. In connection with the investment, Rich's will explore Phytolon's proprietary color offerings in several of its products.

Vedanta Plans About $500 Million Investment In AvanStrate

By Amit Chowdhry ● Nov 12, 2024

Vedanta Limited announced plans to invest the closing of $500 million in its group company AvanStrate, a leading global display glass manufacturer that is now fully managed by Vedanta Limited. This strategic investment aims to drive innovation and expansion within ASI, strengthening its focus on R&D and manufacturing capabilities and product offerings to cater to the global demand for advanced display glass solutions.

Browserbase: Web Browser Automation Company Raises $21 Million (Series A)

By Amit Chowdhry ● Nov 12, 2024

Browserbase, a leader in web browser automation, announced it raised $21 million in Series A funding co-led by CRV and Kleiner Perkins, with participation from Okta Ventures and Reed McGinley-Stempel, CEO of Stych. And Browserbase’s Series A funding was raised in less than nine months and comes hot on the heels of the company’s $6.5 million seed round.

JGGL: Interview With CEO Misha Nuteki About The AI-Based Art Studio

By Amit Chowdhry ● Nov 12, 2024

JGGL is an ecosystem that makes it easier to create fresh content, such as visuals, beats, or anything in between, with the power of AI. Pulse 2.0 interviewed JGGL CEO Misha Nuteki to learn more about the company.