Innovation

Cytovale: Medical Diagnostics Company Secures $100 Million (Series D)

By Amit Chowdhry ● Oct 15, 2024

Cytovale, a commercial-stage medical diagnostics company focused on advancing early detection technologies to diagnose fast-moving and immune-mediated diseases, announced it has raised $100 million in Series D funding led by Sands Capital. The funding round included participation from new investor Canada Pension Plan Investment Board (CPP Investments) and existing investors Norwest Venture Partners, Global Health Investment Corporation, and Breakout Ventures (an early investor of the company).

TOCA Football: $100 Million Raised To Accelerate Expansion

By Amit Chowdhry ● Oct 15, 2024

TOCA Football - the world's leading soccer experience company - announced that it raised approximately $100 million in private offerings to accelerate its global growth by investing in new technologies, upgrading its TOCA Soccer training centers, and opening additional soccer-themed TOCA Social entertainment venues. TOCA raised the Series F round from existing shareholders and new investors.

IN BOLD PRINT: Carbon Management Platform Company Raises $1 Million (Pre-Seed)

By Amit Chowdhry ● Oct 15, 2024

IN BOLD PRINT, a leading carbon management platform for businesses of all sizes, announced it closed a pre-seed round of $1 million. This latest funding round reaffirmed the company’s critical support of small-to-midsized businesses along the consumer goods supply chain, which are increasingly required to report on carbon emissions. VC 414 led the round and was joined by additional venture firms focused on bolstering climate solutions. Plus, Schreiber Foods and Palermo’s Pizza, which sell their products in major national retailers, joined the round as IN BOLD PRINT customers and strategic partners.

Suki: AI-Based Healthcare Leader Raises $70 Million (Series D)

By Amit Chowdhry ● Oct 15, 2024

Suki, a leader in artificial intelligence (AI) technology for healthcare, announced $70 million in new funding on the strength of its health system and electronic health record (EHR) partnerships, including collaborations with Epic, Oracle Cerner, MEDITECH, and Athena. And Suki’s goal is to make healthcare technology invisible and assistive with an AI platform that powers the industry.

Rivermark Medical: $30 Million (Series C) Closed To Advance Development Of Flostent

By Amit Chowdhry ● Oct 15, 2024

Rivermark Medical, a leader in minimally invasive solutions for Benign Prostatic Hyperplasia (BPH), announced the closing of a $30 million Series C financing round. The funding round was led by American Century Investments (ACI), including new investors Venture Investors Health Fund, Time BioVentures, and an unnamed strategic investor, with follow-on participation from existing investors View Ventures, Cadence Healthcare Ventures, and Anduril Investors.

Document Crunch: Construction-Focused Compliance Platform Raises $21.5 Million (Series B)

By Amit Chowdhry ● Oct 15, 2024

Document Crunch, which is a document compliance platform for the construction industry, announced it has raised $21.5 million in Series B funding. The funding round was led by Titanium Ventures and included participation from key strategic partner Nemetschek Group, along with major construction companies like Andres Construction and Satterfield & Pontikes, plus existing investors, including Navitas Capital, Zacua Ventures, Fifth Wall, and Ironspring Ventures. Along with the funding round, the company will add Yash Patel, General Partner at Titanium Ventures as a new member to its Board of Directors.

Sidepit: Pre-Seed Raised To Transform Financial Markets

By Amit Chowdhry ● Oct 15, 2024

Fintech startup Sidepit announced the closing of its pre-seed financing round. This funding round will enable Sidepit to accelerate the development of a transformative trading platform built around a patented Decentralized Limit Order Book (DLOB). This new technology is designed to democratize trading by eliminating the hidden market manipulation commonly found in both centralized and decentralized exchanges.

Proxima: Interview With Founder And CEO Alex Song About The Data Intelligence Company

By Amit Chowdhry ● Oct 15, 2024

Proxima is a data intelligence platform that uses AI to improve marketing efficiency. Pulse 2.0 interviewed Proxima Founder and CEO Alex Song to learn more about the company.

Major League Table Tennis: Strategic Investment Raised To Accelerate Growth

By Amit Chowdhry ● Oct 15, 2024

Major League Table Tennis (MLTT) announced a significant strategic investment round to accelerate the growth, continue the momentum, and transform the landscape of professional table tennis in North America. This follows the momentum of a successful inaugural 2023-24 season.

Arda Therapeutics: Targeted Cell Depletion Therapy Company Raises $43 Million (Series A)

By Amit Chowdhry ● Oct 15, 2024

Arda Therapeutics, a pioneer in targeted cell depletion therapies for chronic diseases, announced the successful completion of a $43 million Series A funding round. This funding round was led by existing investor Andreessen Horowitz (a16z Bio + Health), with participation from Two Sigma Ventures, RV Invest, Eli Lilly and Company, GV, Biovision Ventures, Valhalla Ventures, Indicator Ventures, Alumni Ventures, LifeLink Ventures, Mana Ventures, Gaingels and ExitFund.

clock.bio: Healthspan Biotech Company Secures $5.3 Million (Seed)

By Amit Chowdhry ● Oct 15, 2024

Healthspan biotech company clock.bio announced it has raised $5.3 million in seed funding, led by LocalGlobe and with participation from BlueYard Capital, Onsight Ventures, and Dr. Jonathan Milner (the founder of Abcam). The company made significant progress in decoding the biology of human rejuvenation, identifying more than 100 genes that jointly constitute an "Atlas of Rejuvenation Factors.”

Third Dimension: $7 Million (Seed) Raised To Redefine 3D Creation

By Amit Chowdhry ● Oct 15, 2024

3D Generative AI company Third Dimension AI announced the closing of its $7 million seed financing led by Felicis, with participation from Abstract Ventures, MVP, Soma Capital, Solari Capital, and other investors. The capital will be used to expand the Third Dimension team and further train 3D generative AI models that will bring to life Third Dimension's goal of becoming a leading 3D company.

NineDot Energy: Over $40 Million In Tax Equity Financing Closed

By Amit Chowdhry ● Oct 15, 2024

NineDot Energy, a leading developer of community-scale battery energy storage systems (BESS) in the New York City metro area, announced the closing of the company’s first tax equity financing of over $40 million. The deal was facilitated by Monarch Private Capital and involves seven battery storage projects in the New York City region.

Glooko: Digital Health Company Raises $100 Million (Series F)

By Amit Chowdhry ● Oct 15, 2024

Glooko, a global integrated digital health company connecting patients, providers, biopharma, and medical device partners, announced that it has secured a $100 million Series F funding round. And the company’s Board of Directors also announced the appointment of Mike Alvarez as CEO.

watchTowr: Cybersecurity Company Secures $19 Million (Series A)

By Amit Chowdhry ● Oct 15, 2024

watchTowr, a cybersecurity startup redefining External Attack Surface Management, announced a $19 million Series A funding round led by Peak XV (formerly known as Sequoia India & Southeast Asia), with repeat participation from Prosus Ventures and Cercano Management. And the company will use the funds to capture market leadership and accelerate global growth by expanding its go-to-market, research and engineering teams. The latest investment has raised its total to $29 million.

Booster Therapeutics: $15 Million Raised For Advancing New Class Of Proteasome Activator Medicines

By Amit Chowdhry ● Oct 15, 2024

Booster Therapeutics, a biotechnology company pioneering a new class of proteasome activator medicines to treat neurodegenerative and other diseases, launched with the support of a $15 million financing led by noted life sciences investors Apollo Health Ventures and Novo Holdings. Booster was created by Dr. Diogo Feleciano, Prof. Dr. Darci Trader, and Apollo Health Ventures, emerging from Apollo's company creation investment strategy. The company is developing small molecule therapeutics that boost the innate activity of proteasomes to restore the body’s ability to remove a wide range of disease-causing proteins.

Holobiome: Microbiome Platform Company Raises $9 Million (Seed)

By Amit Chowdhry ● Oct 15, 2024

Holobiome announced it closed an oversubscribed Seed round of $9M. The funding round was led by iSelect Fund, with major participation from Corundum Systems Biology, Satori Neuro, SkyRiver Ventures, Pace Ventures, Valor Equity Partners, and Astanor. The company's initial success with substantial non-dilutive funding laid the groundwork for this institutional round.

Fission Labs: DeFi Application Company Raises $1.6 Million (Pre-Seed) To Bring Venture Capital On Chain

By Amit Chowdhry ● Oct 15, 2024

Fission announced a $1.6 million pre-seed funding round led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge). Fission - the first DeFi application built to bring venture capital on chain - launched its testnet on Ethereum.

Best Egg: $500 Million Purchase Commitment Secured To Enable More Offerings Of Personal Loans

By Amit Chowdhry ● Oct 15, 2024

Best Egg announced it has secured a $500 million purchase commitment to facilitate the growth of the company's personal loan product. The purchase facility, led by funds managed by affiliates of Fortress Investment Group along with Edge Focus, includes a forward-flow purchase commitment and purchases of back-book loans facilitated by the Best Egg platform.

Farther: Financial Advisory Firm Raises $72 Million (Series C) At $542 Million Valuation

By Amit Chowdhry ● Oct 15, 2024

Farther, a leading technology-centric financial advisory firm, announced it closed a $72 million Series C funding round to expand its advisor network and enhance its wealth management platform. The funding round was co-led by CapitalG, the independent growth fund of Alphabet, and Viewpoint Ventures. This funding round elevates Farther's post-money valuation to $542 million.

FlexFactor: Decline Recovery Solutions Provider Secures $16.8 Million

By Amit Chowdhry ● Oct 15, 2024

FlexFactor, a provider of decline recovery solutions for eCommerce brands, announced it raised $16.8 million in Series A funding. The funding round was led by Bessemer Venture Partners, with additional participation from seed investors.

Numeric: $28 Million (Series A) Secured To Build A Next-Gen Financial Data Platform

By Amit Chowdhry ● Oct 15, 2024

Numeric announced it has raised a $28 million Series A round led by Menlo Ventures. Participation was from new investors IVP and Socii Capital and existing investors Founders Fund, 8VC, Long Journey, Access Industries, Friends & Family Capital, and others. This funding will accelerate engineering hiring and product development, supporting Numeric's aim to enable real-time decision-making from financial data.

Vultron: AI-Based Proposal Solution Company Raises $4.85 Million (Seed)

By Amit Chowdhry ● Oct 15, 2024

Vultron, an AI-based proposal development solution for the public sector, announced that it has secured $4.85 million in seed funding. The funding round was led by Craft Ventures and Long Journey Ventures, with participation from South Park Commons, Conviction Embed, and angel investors including Gokul Rajaram, Josh Buckley, Lenny Rachitsky, and others.

Recast Capital Reveals Second Cohort For Accelerate Program

By Amit Chowdhry ● Oct 15, 2024

Recast Capital, a platform focused on investing in and supporting emerging managers in venture, announced the second cohort of Recast Accelerate, a catalytic program designed to drive the success of women and nonbinary-led, early stage US funds in venture capital.

ShiraTronics: $66 Million (Series B) Raised To Develop Neurostimulation Therapies For Chronic Migraine Patients

By Amit Chowdhry ● Oct 15, 2024

ShiraTronics, a clinical-stage medical device company developing neurostimulation therapies for chronic migraine patients, announced the closing of a $66 million Series B financing. The funding round was led by new investor Norwest Venture Partners, with participation from additional new investors Seroba, OSF Ventures, the Global BioAccess Fund and an undisclosed strategic investor. Returning investors U.S. Venture Partners, Amzak Health, Treo Ventures, and Aperture Venture Partners also joined the round.

Gate Ventures, Movement Labs, And Boon Ventures: $20 Million Fund Launched For Web3 Companies

By Amit Chowdhry ● Oct 15, 2024

Gate Ventures (a global venture capital firm specializing in blockchain), Movement Labs (a leader in Move-based blockchain technology), and Boon Ventures (an emerging tech startup investor), announced the establishment of a $20 million fund designed to transform the Web3 space. This alliance will invest in cutting-edge projects and accelerate the development of Move-based blockchain technologies.

ServiceNow Pledging $1.5 Billion For UK Business Over Five Years

By Amit Chowdhry ● Oct 15, 2024

ServiceNow, an AI platform for business transformation, confirmed a commitment to the UK market, with plans to invest $1.5bn (£1.15 billion) into its UK business over the next five years. And the company plans to expand with new office space as ServiceNow grows its employee base beyond its current headcount of 1,000 employees. Plus, ServiceNow will invest in the future of AI in the UK by expanding its London and Newport data centers with Nvidia GPUs for local processing of LLM data and offering new skills programs to reach 240,000 UK learners.

Barings: $134 Million In Financing Provided For Mixed-Use Development In NC

By Amit Chowdhry ● Oct 15, 2024

Barings, one of the world’s largest diversified real estate investment managers, announced that it has provided a $134 million loan to refinance the existing Smoky Hollow in Raleigh, North Carolina loan. A joint venture between Kane Realty Corporation, Williams Realty & Building Company, and Lionstone Investments delivered the mixed-use development in 2020.

Dryvebox: Mobile Golf Simulator Company Raises New Funding Round

By Amit Chowdhry ● Oct 15, 2024

Mobile golf simulator company Dryvebox announced additional funding and new investors joining its mission of cultivating golf everywhere. Launched in 2020, the off-course golf entertainment company revolutionizes golf experiences through weatherproof, climate-controlled, and solar-powered mobile golf simulators (Boxes). Dryvebox has grown to 30+ technology-fueled Boxes operating across the United States and Canada, with more set to launch in the coming months.

LEVY Health: Reproductive Technology Company Raises $4.5 Million

By Amit Chowdhry ● Oct 15, 2024

LEVY Health, an innovator in reproductive health technology, announced it has raised $4.5 million led by San Francisco-based venture firm XYZ Venture Capital, with additional participation from Atlantic Labs and Possible Ventures.