Innovation

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.

TIFIN: Rob Pettman Named As Chief Revenue Officer And President

By Amit Chowdhry ● Apr 20, 2024

TIFIN, a leading AI and innovation platform for wealth, announced the appointment of Rob Pettman as its Chief Revenue Officer and President. In this new role, Pettman will report directly to TIFIN's Founder and CEO, Dr. Vinay Nair.

Metsera: $290 Million Secured To Develop Medicines For Obesity And Metabolic Diseases

By Amit Chowdhry ● Apr 20, 2024

Metsera, a clinical-stage biopharmaceutical company advancing the next generation of medicines for obesity and metabolic diseases, announced its launch this week. And Metsera also announced it raised $290 million in funding led by ARCH Venture Partners with participation from other leading healthcare investors, including F-Prime Capital, GV, Mubadala Capital, Newpath Partners, SoftBank Vision Fund 2, and other undisclosed investors.

Veesual: Virtual Try-On Platform Company Raises $7.5 Million

By Amit Chowdhry ● Apr 20, 2024

Veesual, a Paris-based virtual try-on platform for the fashion industry that transforms how online shoppers experience digital retail, announced the closing of a $7.5 million seed round led by AXA Venture Partners (AVP) and Techstars.

Vorlon: Third-Party API Security Company Closes $15.7 Million

By Amit Chowdhry ● Apr 20, 2024

Vorlon, a leading platform for comprehensive third-party API security, announced it has raised $15.7 million in capital to further its efforts to help CISOs and their security teams proactively secure the third-party APIs their organizations consume. Accel leads this Series A round with additional support from Shield Capital and others.

Kontakt.io: Inpatient Journey Analytics Company Closes $47.5 Million

By Amit Chowdhry ● Apr 20, 2024

Kontakt.io, a leading provider of Inpatient Journey Analytics, announced a Series C investment of $47.5 million, led by Growth Equity at Goldman Sachs Asset Management. This funding round will support the company’s growth and expansion of Artificial Intelligence (AI) solutions.

Altair Buying Modern Data Fabric Provider Cambridge Semantics

By Amit Chowdhry ● Apr 20, 2024

Altair, a global leader in computational intelligence, acquired Cambridge Semantics, a modern data fabric provider and creator of leading analytical graph databases. And Cambridge Semantics' graph-powered data fabric technology accelerates the creation of comprehensive enterprise knowledge graphs, integrating the complex web of structured and unstructured enterprise data into a single, simplified view.

Volo Sports Raises Strategic Growth Investment From Manhattan West

By Amit Chowdhry ● Apr 20, 2024

Manhattan West, a strategic investment firm offering an integrated platform of investments and services, announced that Manhattan West Private Equity completed its growth equity investment in Volo Sports (Volo). Launched in 2010 as a 16-person bocce league in Baltimore, Maryland, Volo is the premier provider of community-focused and tech-enabled adult social sports and curated events in major cities across the U.S.

Anvilogic: Multi-Data Platform SIEM Company Secures $45 Million

By Amit Chowdhry ● Apr 20, 2024

Anvilogic, the industry's first multi-data platform SIEM, announced closing a $45 million Series C funding round, bringing its total funding to date to $85 million since being founded in 2019. This funding round was led by Evolution Equity Partners, with participation from existing investors Foundation Capital, Cervin Ventures, Myriad Ventures, Point72 Ventures, Outpost Ventures, Stepstone Group, and G Squared.

Verne: Hydrogen Storage Systems Company Raises $15.5 Million In Total Funding

By Amit Chowdhry ● Apr 20, 2024

Verne, a leading developer of high-density hydrogen storage systems, announced a strategic fundraising led by Trucks Venture Capital, with participation from existing investors Collaborative Fund and Amazon’s Climate Pledge Fund, and new investors United Airlines Ventures Sustainable Flight Fund and Newlab.

LunaJoy Health: Holistic Women’s Therapy Company Secures $4.2 Million

By Amit Chowdhry ● Apr 20, 2024

To expand the company's capabilities and close disparities in maternal health care, LunaJoy Health announced the launch of its novel integrated care program, LunaCare, to improve outcomes in maternal mental health. Supported by $4.2 million in new funding, the company received support from a distinguished group of investors, including Y Combinator, FoundersX Fund, Goodwater Capital, Magic Fund, VentureSouq, Nurture Ventures, NorthSouth Ventures, seasoned healthcare angels, and others.

Arcline Completes $1.8 Billion Acquisition Of Kaman

By Amit Chowdhry ● Apr 20, 2024

Kaman Corporation announced the completion of its acquisition by Arcline Investment Management, L.P. in an all-cash transaction with a total enterprise value of approximately $1.8 billion. This deal was announced on January 19, 2024, and was approved by Kaman shareholders on April 17, 2024.

Xfactor.io: AI-Based Revenue Platform Company Secures $16 Million

By Amit Chowdhry ● Apr 19, 2024

Xfactor.io, an AI-based revenue platform, announced a $16 million Series A round co-led by Accel and XFactor.io CEO and founder Mike Carpenter, with participation from Lightspeed and others. Formerly, Carpenter was the President of Global Sales and Field Operations at CrowdStrike, responsible for significant business growth leading to its IPO in 2019. With a career spanning 25 years at McAfee, helping lead its acquisition by Intel, Tanium, and CrowdStrike, Carpenter is an expert in the field.

AgentSmyth: Leading Agent Firm Raises $2.5 Million

By Amit Chowdhry ● Apr 19, 2024

AgentSmyth, a company co-founded in New York in March 2024 by technologist Pulkit Jaiswal and Wall Street experts Daniel McCooey and Mike Block, announced it has launched AI agents that enhance financial analysis. AgentSmyth raised $2.5 million in seed funding from notable industry experts like Michael Rafferty, CEO of Rafferty Holdings and investor in fintech companies, and Craig Milias, former portfolio manager of Platte River Capital.

ClaimScore: Claim Validation Software Company Raises $3.15 Million

By Amit Chowdhry ● Apr 19, 2024

ClaimScore, a first and only provider of AI-based real-time claim validation software, announced the closing of a $3.15 million seed funding round led by ROC Venture Group.

Uniqus Consultech: ESG And Accounting & Reporting Consulting Company Secures $10 Million

By Amit Chowdhry ● Apr 19, 2024

Uniqus Consultech, a tech-enabled platform that offers ESG, accounting, and reporting consulting, announced that it had raised $10 million in Series B funding. Nexus Ventures led this funding round, which was participated in by Sorin Investments.