Innovation

BRKZ Raises $8 Million To Transform The Building Materials Industry

By Amit Chowdhry ● Mar 8, 2024

BRKZ—a company that helps connect construction businesses with building materials suppliers —announced it raised $8 million in funding. This funding round was co-led by 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures.

Jabali: $5 Million Closed To Build AI-Powered Game Engine

By Amit Chowdhry ● Mar 8, 2024

Jabali—an AI company advancing game engines and empowering visionary game designers and developers—announced it had raised a $5 million seed round led by BITKRAFT Ventures. Sapphire Sport, Sony Innovation Fund, Canonical Ventures, and angels from Amazon, Google AI, Open AI, and Pinterest also participated. The funding will be used to expand the Jabali team, sharpen proprietary models, and accelerate its product launch.

Theia Insights: $6.5 Million Raised To Build Foundational AI For Investment Community

By Amit Chowdhry ● Mar 8, 2024

Theia Insights—a deep tech startup founded by former Amazon Alexa scientist and solo entrepreneur Dr. Ye Tian—has raised $6.5 million. Unusual Ventures led the funding round, which included participation from Fidelity International Strategic Ventures and Clocktower Ventures, along with several strategic angels.

Enzzo: $3 Million Secured To Transform How Hardware Products Are Created

By Amit Chowdhry ● Mar 8, 2024

Enzzo—a company reimagining how hardware products are created by utilizing generative AI—announced that it raised a $3 million seed investment led by Unlock Venture Partners, with participation from PSL Ventures and the newly created Mayfield/Pioneer Square Labs AIStudio Fund. With this funding round, the company will expand its team and refining and building its platform.

True Wind Capital: Emily Brakebill Named As Partner And Head Of Investor Relations

By Amit Chowdhry ● Mar 8, 2024

Private investment firm True Wind Capital has announced the hiring of Emily M. Brakebill as Partner, Head of Investor Relations. Brakebill joined True Wind effective on March 4, 2024, and will serve on the firm's Investment Committee.

Renovus Capital Partners: $325 Million Continuation Fund Closed

By Amit Chowdhry ● Mar 8, 2024

Renovus Capital Partners - a Philadelphia-area buyout firm focused on founder-owned businesses in the Knowledge & Talent industries - announced that it has closed its first multi-asset continuation fund of about $325 million. With the closing of the CV, Renovus has now raised over $1.5 billion of capital across multiple investment vehicles, marking a new milestone for the firm.

Global Millennial Capital: $20 Million Raised For Funding Early-Stage Ventures

By Amit Chowdhry ● Mar 8, 2024

Global Millennial Capital (GMCL) - a venture capital fund that utilizes a data-driven research approach for identifying investment white spaces in the global technology sector and reducing investment bias - announced the close of its first fund as part of an oversubscribed $20 million private placement round. Anchored by family offices within the Gulf region with participation from international investors, the fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.

Black Tech Nation Ventures Closes $50 Million Inaugural Fund For Lowering Barriers To Capital

By Amit Chowdhry ● Mar 8, 2024

Black Tech Nation Ventures (BTN.vc) - a Pittsburgh-based venture firm announced the closing of a $50 million inaugural fund. And BTN.vc invests in software startups led by founders from diverse backgrounds that have historically been overlooked by venture funding. The fund believes Black, Latinx, female, indigenous, and LGBTQ+ entrepreneurs have the potential to generate outsized returns within the venture industry.