Innovation

Deskpro: $25 Million Closed To Develop Flexible Help Desk Software

By Amit Chowdhry ● Jul 8, 2024

Deskpro announced the closing of a $25 million Series A funding round led by Elsewhere Partners to meet the demand for its comprehensive suite of proven help desk solutions. And Deskpro will use the growth funding to strengthen its customer experience team, expand its AI-powered help desk solutions and penetrate more key markets, with a focus on expansion in the US. Deskpro also announced the appointment of software industry leader Brad Murdoch as CEO and established a new global headquarters in Austin, Texas.

opus1.io: Strategic Investment Raised From Five Elms Capital

By Amit Chowdhry ● Jul 8, 2024

opus1.io, an end-to-end practice management platform for lesson and class-based performing arts businesses, announced a strategic investment from Five Elms Capital, a leading software investment firm. This funding will support further investment in opus1.io's platform, which helps performing arts professionals operate and grow their businesses more efficiently.

k-ID: Instant Sign-On Solution Company Raises $45 Million

By Amit Chowdhry ● Jul 7, 2024

k-ID, a cross-platform and instant sign-on solution for kids and teens built as an all-in-one answer for solving the complex issue of privacy and online safety worldwide, announced a $45 million Series A funding round. This latest of three funding rounds in less than nine months comes due to unprecedented traction from major publishers.

Rackhouse Venture Capital: $45 Million Second Fund Closed To Invest In Early-Stage AI

By Amit Chowdhry ● Jul 7, 2024

Rackhouse Venture Capital (Rackhouse Ventures), a San Francisco-based early-stage AI-focused venture capital firm, announced the final closing of Rackhouse Ventures Fund II, with $45 million in closed capital and commitments. Fund II will facilitate the firm’s commitment to partnering with companies and founders that have achieved product-market fit in overlooked niches and features a clear and obsessive customer focus.

Create Music Group Raises $165 Million Investment Led By Flexpoint Ford

By Amit Chowdhry ● Jul 7, 2024

Create Music Group, a fast-growing music and entertainment company, announced a $165 million investment led by private equity investment firm Flexpoint Ford.

Greentown Labs And Prithvi Ventures Partner On Climate Impact Fund

By Amit Chowdhry ● Jul 6, 2024

Greentown Labs, the largest climatetech incubator in North America, and early-stage climatetech investment fund Prithvi Ventures announced a first-of-its-kind partnership in the spirit of accelerating climate impact and filling a capital gap among climate startup support organizations.

Function: Health Assessment Company Raises $53 Million

By Amit Chowdhry ● Jul 6, 2024

Function is a first-of-its-kind platform transforming how people manage their lifelong health starting with providing the deepest possible understanding of their body and what they should do to improve their health. Function also revealed the closing of its Series A round led by Andreessen Horowitz (a16z) Bio + Health with support from the a16z Cultural Leadership Fund, bringing its total funds to $53 million. And additional investors include Wisdom.vc, Draft Ventures, K5, G9 Ventures, 53 Stations, Matt Damon (Actor), Ari Emanuel (CEO of Endeavor), Kevin Hart (Comedian and actor), Joel Embiid's (NBA's 2023 MVP) Embiid Ventures, Jay Shetty (award-winning podcast host), Blake Griffin (former NBA), Zac Efron (Actor), Jimmy Rollins (former MLB), Colin Kaepernick (former NFL), Dr. Casey Means, Pedro Pascal (Actor), Ara Katz (Co-founder of Seed), Harvey Spevak (Equinox's Chairman), Harpreet Singh Rai (Former CEO of Oura), Jeff Dean, and others.

Exsilio Therapeutics: $82 Million Closed To Develop Genomic Medicines For Broad Range Of Diseases

By Amit Chowdhry ● Jul 6, 2024

Exsilio Therapeutics, a biotechnology company developing genomic medicines for a broad range of diseases, announced its emergence from stealth with $82 million in Series A financing. This funding round was co-led by Novartis Venture Fund and Delos Capital, with participation from OrbiMed, Insight Partners, J.P. Morgan Life Sciences Private Capital, CRISPR Therapeutics, Innovation Endeavors, Invus, Arc Ventures, and Deep Insight. Exsilio was seed funded by OrbiMed.

Sift: Hardware Sensor Observability Platform Secures $17.5 Million

By Amit Chowdhry ● Jul 6, 2024

Sift, the first unified observability platform for hardware sensor data, announced it had raised $17.5 million in Series A funding led by GV (Google Ventures). This funding round brings Sift's total funding to $25 million.

CereTax: Sales Tax Solution Company Secures $9 Million

By Amit Chowdhry ● Jul 6, 2024

Next-generation sales tax solution CereTax announced a $9 million financing led by S3 Ventures, with participation from Wild Basin Investments and Leaders Fund.

Endogenex: $88 Million Raised To Improve Outcomes In Individuals With Type 2 Diabetes

By Amit Chowdhry ● Jul 6, 2024

Endogenex, a clinical-stage medical device company dedicated to improving outcomes in individuals with type 2 diabetes, announced it closed an oversubscribed Series C financing totaling $88 million.

Stonebriar: C$130 Million Term Loan Closed

By Amit Chowdhry ● Jul 6, 2024

Stonebriar Commercial Finance announced the closing of a seven-year CAD$130 million term loan for a leading provider of specialty industrial and environmental services to oil and gas, chemical, and manufacturing end markets. This loan, part of a leveraged buyout, is secured by all fixed assets of the company. This is the second deal closed with the company’s sponsor in the last 12 months, totaling CAD$186 million.Stonebriar Commercial Finance announced the closing of a seven-year CAD$130 million term loan for a leading provider of specialty industrial and environmental services to oil and gas, chemical, and manufacturing end markets. This loan, part of a leveraged buyout, is secured by all fixed assets of the company. This is the second deal closed with the company’s sponsor in the last 12 months, totaling CAD$186 million.