Innovation

Mogul: $100 Million In Tracked Royalties Surpassed

By Amit Chowdhry ● May 18, 2024

Mogul, the music industry's top layer for tracking royalties across all rights types, has surpassed $100 million in tracked royalties across all the artists signed up for the service. This significant milestone is a testament to Mogul's commitment to helping artists and their teams understand their business by centralizing many different royalty sources into an actionable hub.

In-House Health: AI-Powered Nurse Scheduling Platform Secures $4 Million

By Amit Chowdhry ● May 18, 2024

In-House Health has formally launched its AI-driven scheduling and management platform for modern nursing teams. The company recently raised $4 million in seed funding, led by NEA and TMV, with participation from pre-seed investors Vine Ventures and Longevity Venture Partners. This brings the total investment to date to $5.4 million.

Nami Surgical: Robotic-Assisted Surgery Company Raises $4 Million

By Amit Chowdhry ● May 18, 2024

Nami Surgical, a company aiming to transform the robotic-assisted surgery market with a breakthrough ultrasonic platform, has secured $4 million of investment and grant funding. St Andrews-based impact investment firm Eos Advisory led the seed $3.1 million round alongside the Investment Fund for Scotland, which is managed by UK private equity firm Maven and delivered by British Business Bank, Scottish Enterprise, and SIS Ventures. The company was also separately awarded a grant from Innovate UK, the United Kingdom’s national innovation agency.

Aardvark Therapeutics: $85 Million Raised To Develop Therapeutics For Activating Innate Homeostatic Pathways To Treat Metabolic Diseases

By Amit Chowdhry ● May 18, 2024

Aardvark Therapeutics has raised an $85 million oversubscribed Series C financing led by Decheng Capital, with participation from Cormorant Asset Management, Surveyor Capital, SymBiosis, Tetragon Financial Group, Walleye Capital, Laurion Capital Management, LG Technology Ventures, Cantor Ventures, Silver Arc Private Capital, The Prader-Willi Syndrome Association – USA, and existing investors, including Vickers Venture Partners and the Foundation for Prader-Willi Research. Decheng Capital's Managing Director, Victor Tong, Jr., joined Aardvark's board of Directors in connection with the investment.

CION Ares Diversified Credit Fund Achieves $5 Billion In AUM Milestone

By Amit Chowdhry ● May 18, 2024

CION Ares Management (CAM), a joint venture between affiliates of CION Investments, a leading manager and distributor of alternative investment solutions for individual investors, and Ares Management Corporation, a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (CADC) recently surpassed $5 billion in total assets under management.

FleetPulse: Trailer Telematics Solution Closes $11 Million In Funding

By Amit Chowdhry ● May 18, 2024

FleetPulse, a trailer telematics solution incubated within Great Dane, announced its launch as an independent company. And FleetPulse is now capitalized with $11 million, including seed funding led by Four More Capital. The company has also named former Uber Freight executive Carl-Christoph “CCR” Reckers as Chief Executive Officer.

GoodShip: Freight Network Orchestration And Procurement Company Secures $8 Million

By Amit Chowdhry ● May 18, 2024

GoodShip, an all-in-one platform for freight network orchestration and procurement, announced an $8 million Series A funding round led by Bessemer Venture Partners. This funding round brings GoodShip’s total funding to $15.4 million. It includes continued investment from Ironspring Ventures, Chicago Ventures, FUSE VC, and Cercano Management, with new participation from 53 Stations, Andrew Silver, Nichole Wischoff, and other angels.

Xona: $19 Million Raised To Develop A Network Of Small Satellites

By Amit Chowdhry ● May 18, 2024

Xona Space Systems - a company that is developing a network of small satellites to provide high-precision navigation services - announced an oversubscribed $19 million Series A funding round led by Future Ventures and Seraphim Space. And new investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq also joined the round.