Innovation

CN Bio: Microphysiological Systems Company Secures $21 Million

By Amit Chowdhry ● Apr 23, 2024

CN Bio, a leading provider of single- and multi-organ microphysiological systems, announced it has raised a $21 million investment in the first close of its Series B fundraising round. This funding round has been secured from several new investors, including $10 million from Bayland Capital and $5.5 million from founding shareholder CN Innovations Holdings Ltd. This investment will drive the company’s expanding product portfolio and scale the operations to support commercial expansion across key global markets.

Outpost: Semi-Truck Parking Network Company Secures $12.5 Million

By Amit Chowdhry ● Apr 23, 2024

Outpost, a leading network of managed semi-truck parking facilities, announced today that it has raised $12.5 million in Series A funding, led by GreenPoint Partners with support from Speedwagon Capital Partners. This funding will accelerate the expansion of its managed properties and technology platform.

Vantage Data Centers Receives $3 Billion Green Loan For North America Expansion

By Amit Chowdhry ● Apr 23, 2024

Vantage Data Centers, a leading global provider of hyper-scale data center campuses, announced it had secured a $3 billion green loan from a bank syndicate led by structuring bank Wells Fargo Securities and joint book-runners TD Securities, Trust Securities, and Scotiabank to fund the ongoing development of its North America data center platform.

Crosslink Capital: Ventures X Launched With $350 Million In Commitments

By Amit Chowdhry ● Apr 23, 2024

Today, Crosslink Capital announced the closing of its tenth flagship venture capital fund, Crosslink Ventures X, aimed at backing early-stage entrepreneurs. The new fund, which includes support from new and existing investors, closed with $350 million of capital commitments. And the firm’s previous venture fund was also capitalized at $350 million in January 2021.

The Stephens Group Invests In VisionSafe

By Amit Chowdhry ● Apr 23, 2024

The Stephens Group announced it has completed a significant strategic investment in VisionSafe designed to accelerate the business' growth. This funding highlights Stephens Group’s interest in supporting businesses providing highly engineered, mission-critical systems and components for aerospace and defense applications.

How Georgia Tech And NVIDIA Are Helping Students Gain AI Supercomputer Experience

By Amit Chowdhry ● Apr 23, 2024

USC: Study Utilizes AI For Predicting Risk Of Bedsores In Hospitalized Patients

By Amit Chowdhry ● Apr 22, 2024

Researchers at USC, Johns Hopkins University, and University Hospitals Cleveland Medical Center partnered to utilize machine learning (ML) techniques to develop a new model to predict future risk of pressure injuries and better direct labor-intensive patient care.

HappySignals: IT Experience Management Company Closes €12 Million In Funding

By Amit Chowdhry ● Apr 22, 2024

HappySignals—a Finland-based human-centric IT experience management (ITXM) company—announced it has raised €12 million from the MAM Growth Equity strategy. This investment, which included participation from the company’s current investors, Nauta Capital and Vendep Capital, is the second for the MAM Growth Equity II fund.

Midas: Turkish Retail Investment Platform Company Secures $45 Million

By Amit Chowdhry ● Apr 22, 2024

Midas, a fintech startup that brought retail investing to millions of people in Turkey, announced that it has raised $45 million in equity funding. The new funding round will enable Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts.

Smart Reporting: €23 Million Raised To Streamline Medical Workflow

By Amit Chowdhry ● Apr 22, 2024

Smart Reporting, a market leader in medical reporting, particularly in radiology and pathology, has raised a €23 million Series C financing round led by TVM Capital Life Science and was supported by Bayern Kapital and existing investors. The company was founded by Prof. Dr. Wieland Sommer in 2015 as a spin-off company from the Ludwig-Maximilians University in Munich

Infosys To Buy in-tech

By Amit Chowdhry ● Apr 22, 2024

Infosys, a digital services and consulting leader, announced it is acquiring in-tech, an engineering R&D services provider focused on the German automotive industry. This strategic deal further strengthens Infosys’ Engineering R&D capabilities and reaffirms its continued commitment to helping global clients navigate their digital engineering journeys.

Accacia: Real Estate Decarbonization Platform Company Raises $6.5 Million

By Amit Chowdhry ● Apr 22, 2024

Accacia, a decarbonization platform focusing on the real estate and infrastructure sectors, announced it had closed a $6.5 million pre-Series A funding round led by Illuminate Financial. AC Ventures also participated in this round, alongside continued support from early backers Accel and B Capital.

Salubris Biotherapeutics: $35 Million Secured To Fund Development Of Biologic Therapeutics

By Amit Chowdhry ● Apr 22, 2024

Salubris Biotherapeutics (SalubrisBio), a clinical-stage biotechnology company dedicated to discovering and developing novel complex biologic therapeutics, announced a new funding round of $35 million to fund continued R&D of clinical and pre-clinical programs. The company also provided progress updates for JK07, the first investigational antibody fusion protein for heart failure, JK08 (the first investigational IL15-CTLA4 antibody fusion for solid tumors), and JK06 (a first-in-class biparatopic antibody-drug conjugate targeting a known tumor antigen).

SynOx Therapeutics: Clinical Biopharmaceutical Company Raises $75 Million To Develop Emactuzumab

By Amit Chowdhry ● Apr 22, 2024

SynOx Therapeutics Limited - a late-stage clinical biopharmaceutical company - announced today the closing of a $75 million Series B financing. The funding was co-led by Forbion, HealthCap, and new investor Bioqube Ventures.

Yoshi Mobility To Expand 3 New Business Lines With Series C Round

By Amit Chowdhry ● Apr 22, 2024

Yoshi Mobility, a leading tech-enabled mobile car care company, announced the closing of its $26 million Series C round. This funding round includes strategic investors General Motors Ventures and Bridgestone Americas as well as international investors Universal Motors Agencies and Shikra Limited.

Rubedo Life Sciences: $40 Million Raised To Develop Therapies Targeting Senescent Cells, Driving Age-Related Diseases

By Amit Chowdhry ● Apr 22, 2024

Rubedo Life Sciences, a biopharmaceutical company committed to developing first-in-class therapies targeting senescent cells that drive age-related diseases, announced today the closing of a $40 million Series A financing round. This funding round was led by Khosla Ventures and Ahren Innovation Capital, with participation from Hevolution, R42, Modi Ventures, Cerigo Investments, Shanda Group, Refactor Capital, LongeVC, Italian Angels for Growth (IAG), and additional investors.

Lumeris: Care Transformation Company Raises $100 Million In Equity Growth Capital

By Amit Chowdhry ● Apr 22, 2024

Lumeris, a St. Louis-based value-based care transformation company bringing the technology-driven capabilities to deliver a system of care doctors want for their family, announced it has completed a $100 million equity capital raise. Deerfield Management and new investor Endeavor Health led this funding round. Existing investors Kleiner Perkins, Sandbox Industries, BlueCross BlueShield Venture Partners, and JDLinx (an investment company owned by John Doerr) participated in the round.

Homium: Home Equity Mortgage Lender Company Raises $10 Million

By Amit Chowdhry ● Apr 22, 2024

Homium, a home equity mortgage lender and securitization platform, announced it has launched its tokenized home equity loans on Avalanche (smart contracts platform). To further develop the platform and scale its lending business, Homium raised $10 million in a Series A funding round led by the Sorenson Impact Group and Blizzard, the Avalanche Ecosystem Fund. ATLAS SP Partners, which launched in early February 2023 following Apollo Global’s acquisition of Credit Suisse’s Securitized Products Group, advises Homium.

Orbex: Orbital Launch Company Raises £16.7 Million

By Amit Chowdhry ● Apr 22, 2024

Orbex, a UK-based spaceflight company announced it raised £16.7 million from six backers in an update to the Series C funding round. The investors involved in the deal include a £10.5 million follow-on investment from the Scottish National Investment Bank, Octopus Ventures, BGF, Heartcore, the Export & Investment Fund of Denmark (EIFO), and several corporate and angel investors.

Pathios Therapeutics: $25 Million Closed For Developing Cancer Therapies

By Amit Chowdhry ● Apr 20, 2024

Pathios Therapeutics Limited, a biotech company focused on developing first-in-class therapies for cancer, announced that the company has raised $25 million in the first close of a Series B funding round. This funding round consists of a new strategic investment from Bristol Myers Squibb and support from existing investors, including Canaan and Brandon Capital.

GA Drilling: Deep Geothermal Leader Secures $15 Million

By Amit Chowdhry ● Apr 20, 2024

GA Drilling, a leader in deep geothermal, announced the first close of $15 million in funding after successful tests. Investors include Nabors, Christian Oldendorff's new Family Office (alfa8), the previous CEO of private equity firm EQT (Thomas von Koch), newly established geothermal fund Underground Ventures, and Neulogy Ventures.

Outrun Therapeutics: E3 Ligase Inhibitor And Protein Stabilization Specialist Company Raises $10 Million

By Amit Chowdhry ● Apr 20, 2024

Outrun Therapeutics, an E3 ligase inhibitor, and protein stabilization specialist, exited stealth following a $10 million seed funding round. And its platform enabled it to rapidly build a pipeline of highly selective, small-molecule, first-in-class E3 ligase inhibitors and identify novel E3 ligase targets across multiple disease areas. Outrun's lead program is focused on hard-to-treat solid tumors.

Ramp: Modern Finance Platform Company Raises $150 Million At $7.65 Billion Valuation

By Amit Chowdhry ● Apr 20, 2024

Ramp - a platform for modern finance teams, from spend management and expense management software to bill payments and vendor management, announced it had completed a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion. This funding round was co-led by Khosla Ventures and Founders Fund, with additional new investors Sequoia Capital, Greylock, and 8VC. The company's existing investors, Thrive Capital, General Catalyst, Sands Capital, D1 Capital Partners, Lux Capital, ICONIQ Growth, Definition Capital, Contrary Capital, and more are also doubling down.

Found Energy: $12 Million Closed To Build Industrial Decarbonization Solutions

By Amit Chowdhry ● Apr 20, 2024

Found Energy, a company building industrial decarbonization solutions that tap into the embodied energy of aluminum, announced an oversubscribed seed round of $12 million. The round included investments from KOMPAS VC, Munich Re Ventures, Good Growth Capital, the Autodesk Foundation, J-Impact, GiTV, Massachusetts Clean Energy Center (MassCEC), and Glenfield Partners.

Hatch: Donor Engagement Solutions Company Raises $3 Million

By Amit Chowdhry ● Apr 20, 2024

Hatch, a leading provider of AI-powered donor engagement solutions for nonprofits, has secured $3 million in seed funding. Differential Ventures led the round, and participants included Character, Howard Morgan, and notable angel investors. This brings Hatch's total funding to date to $5 million.

Raymond James Adds $170 Million Financial Advisor Team In Indiana

By Amit Chowdhry ● Apr 20, 2024

Raymond James’ Midwest division director for the firm’s independent advisor channel Raymond James Financial Services (RJFS), David Sisemore, announced that the firm has recently welcomed financial advisors Jefferson Hankins, CFP, and Kurt Boggs, CFP, to RJFS. These advisors are founders of Hankins & Boggs Group, a Reynolds Wealth Management branch in Warsaw, Indiana.

Condoit: Electrician-First Platform Company Secures $4.25 Million

By Amit Chowdhry ● Apr 20, 2024

Condoit, a leading platform for digitizing the electrical industry, announced it had closed a $4.25 million seed round led by The Westly Group with participation from Fontinalis Partners, Navitas Capital, C2 Ventures, Studio Management, and a strategic investment by leading global wire and cable manufacturer, Southwire.

Hometree: Funding Raised From BlackRock And Renewable Installers Acquired

By Amit Chowdhry ● Apr 20, 2024

Hometree, a rapidly growing residential energy services company, announced it had secured its first debt facility from funds and accounts managed by BlackRock. This is a major step in its mission to support the decarbonization of millions of homes across the UK.

Nava Health: Holistic Health And Treatment Center Company Raises Funding From Decathlon Capital

By Amit Chowdhry ● Apr 20, 2024

Nava Health, a group of holistic health and treatment centers focused on integrative medicine, announced it has landed a multi-million dollar investment package from Decathlon Capital Partners. The details of the revenue-based funding transaction were not disclosed.

Avive Solutions: Advanced Connected Automated External Defibrillator Company Raises $56.5 Million

By Amit Chowdhry ● Apr 20, 2024

Avive Solutions, developer of the world's most advanced connected automated external defibrillator (AED)—the Avive Connect AED—announced the closing of a $56.5 million growth equity funding round. This funding round was led by Questa Capital, Laerdal Million Lives Fund (LMLF), and Catalyst Health Ventures and brought in several new investors, including RC Capital and Eckuity Capital.