Archives

Orennia: Data Insights Company Raises Series C

By Amit Chowdhry ● Feb 1, 2025

Orennia announced the closing of its Series C growth funding, led by Decarbonization Partners, a partnership between BlackRock and Temasek with participation from existing investors.

Qumis: $2.2 Million (Pre-Seed) Raised To Transform Insurance Knowledge Work

By Amit Chowdhry ● Feb 1, 2025

Qumis, a lawyer-built AI platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round. The funding round was led by Armory Square Ventures with participation from MTech Capital, Grand Ventures, Alumni Ventures, and BrokerTech Ventures. And other strategic investors include Sean Harper, co-founder and CEO of insurance technology company Kin Insurance, and Tom Vander Schaaf, former General Partner at Edison Partners. Some of the rounds were funded by Qumis customers, reflecting the market’s confidence in the potential of the platform.

Omnitron Sensors: MEMS Fabrication IP Company Raises Over $13 Million (Series A)

By Amit Chowdhry ● Feb 1, 2025

Omnitron Sensors, a pioneer in MEMS fabrication IP for a new world of sensors, announced it has secured over $13 million in Series A funding led by Corriente Advisors, with participation from longtime investor L’ATTITUDE Ventures. The funding will fuel the expansion of Omnitron’s engineering and operations teams, accelerating the mass production of the company’s first product, which is a reliable, affordable microelectromechanical systems (MEMS) step-scanning mirror for multiple markets.

Atlas Energy Solutions: Agreement Signed To Buy Moser Energy Systems For $220 Million

By Amit Chowdhry ● Feb 1, 2025

Atlas Energy Solutions announced that it has entered into a definitive agreement to buy all of the outstanding capital stock of Moser Acquisition (Moser Energy Systems), a leading provider of distributed power solutions, in a deal valued at $220 million.

CGI To Buy IT Services Firm Novatec

By Amit Chowdhry ● Feb 1, 2025

CGI, which is one of the largest independent IT and business consulting services firms in the world, announced that its wholly-owned limited partnership, CGI Deutschland B.V. & Co. KG, has signed an agreement to buy Novatec, an IT services firm specializing in agile software engineering, digital products and strategic business & IT consulting services.

C The Signs Raises $8 Million From Khosla Ventures

By Amit Chowdhry ● Feb 1, 2025

C the Signs, the creator of an AI-based platform to identify patients at risk of cancer at the earliest and most curable stage, announced $8 million in funding from Khosla Ventures. The new funding will accelerate the company’s expansion from the U.K., which has already helped detect tens of thousands of cancers across the National Health Service (NHS), to the U.S.

Bluwhale: $100 Million Raised To Expand Web3 Intelligence Layer

By Amit Chowdhry ● Feb 1, 2025

Bluwhale, an AI-based Web3 start-up, announced it has topped its funding to $100 million. This includes its Seed/Series A round and a $75 million token purchase commitment, grants, and node sale proceeds. These investments will enable the company to further expand its Web3 intelligence layer across multiple L1 and L2 blockchains.

Backline: Autonomous Security Remediation Platform Company Raises $9 Million (Seed)

By Amit Chowdhry ● Feb 1, 2025

Backline, an autonomous security remediation platform, launched from stealth with $9 million in Seed funding led by StageOne Ventures, with participation from Evolution Equity Partners and Gradient.

Aligned: Digital Sales Room Company Closes $8 Million In Funding

By Amit Chowdhry ● Feb 1, 2025

Aligned, a Digital Sales Room improving the buyer-vendor workflow from start to post-sale, announced it has secured an $8 million investment led by JAL Ventures. This funding round includes participation from existing investors NFX, Hetz Ventures, and CROs from leading SaaS companies, bringing the total amount raised to $14 million.

Medsender: AI-Based Workflow Automation Company Closes $5 Million (Series A)

By Amit Chowdhry ● Feb 1, 2025

Medsender, an AI-based workflow automation platform for healthcare providers, announced a recent $5 million Series A investment led by Ballast Point Ventures. And Medsender will use the funding to support its commercial team, accelerate its technology pipeline development, and drive industry-leading performance for its clients.

Athenic AI: Data Analysis And BI Company Closes $4.3 Million (Seed)

By Amit Chowdhry ● Feb 1, 2025

Athenic AI, a player in the data analysis and business intelligence (BI) space, announced $4.3 million in funding led by BMW i Ventures and joined by TenVC, Scrum Ventures, Stage 2 Capital, Beat Ventures, SpaceCadet, Boost VC and Abstraction Capital. This new funding round will enable Athenic AI to accelerate product development, enhance its market presence, and expand its reach to enterprise clients looking to unlock the true potential of their data.

Final Round AI: Job Search Journey Company Closes $6.88 Million (Seed)

By Amit Chowdhry ● Feb 1, 2025

Final Round AI, an AI-based platform transforming how people find jobs, announced the closing of a $6.88 million oversubscribed seed funding round. With investment from Uncork Capital, Final Round AI aims to become the "Robin Hood of the modern recruiting industry," making career transitions faster, more innovative, and more equitable. Uncork was also joined by HF0, Linear Capital, Ritual Capital, Mento VC, AltaIR Capital, Alumni Ventures, Goodwater, Hico Ventures, Soma Capital, iSeed Ventures, Level One, Sky9 Capital, and notable angels. Along with the funding, the company is announcing a $8 million scholarship program fund for this year.

DigitalC: $2.76 Million In Funding Authorized From The City Of Cleveland

By Amit Chowdhry ● Feb 1, 2025

DigitalC announced the authorization of $2.76 million in funding by the Cleveland City Council for the first year of its four-year contract with the City of Cleveland. This funding supports DigitalC's efforts to install subscribers on a new citywide community-based network and provide essential digital skills training.

Commit Biologics: €5.5 Million (Seed) Raised To Develop Cancer Treatments

By Amit Chowdhry ● Feb 1, 2025

Commit Biologics – an innovator in activating the complement system to treat cancer and autoimmune disease - announced a €5.5 million extension to its seed funding. The contribution from new investor Korys brings the total seed funding raised since Commit's launch to €21.5 million. Commit had emerged from stealth last May, having raised €16 million from Novo Holdings and Bioqube Ventures.

Sonocharge Energy: $23.5 Million Raised To Make Batteries Last Longer

By Amit Chowdhry ● Jan 31, 2025

Sonocharge Energy – an innovative tech company enabling batteries to last longer, charge faster, and be safer – announced $23.5 million financing round led by Cycle Capital, with participation of Honda, current investors Khosla Ventures, Temasek, and non-dilutive funding partners.

Palona AI: $10 Million (Seed) Raised To Develop Multi-Agents

By Amit Chowdhry ● Jan 31, 2025

Palona AI announced its public launch with a suite of AI solutions that advance the growth of D2C and other consumer-facing businesses. The company also announced $10 million in seed funding from investors, including UpHonest Capital, Fusion Fund, Maynard Webb, NEO Investment Partners, and other strategic angels and institutions.

Method: Consumer Permissioned Financial Connectivity Company Raises $41.5 Million (Series B)

By Amit Chowdhry ● Jan 31, 2025

Method Financial, a provider of consumer permissioned financial connectivity, announced it raised $41.5 million in its latest Series B funding round led by Emergence Capital with participation from avra and Samsung Next, and existing investors Andreessen Horowitz, Y-Combinator and Ardent Venture Partners. This funding brings the company’s total to $60 million.

H2SITE: Hydrogen Separation Solutions Company Raises €36 Million

By Amit Chowdhry ● Jan 31, 2025

H2SITE, a pioneer of hydrogen separation solutions, announced the closing of its Series B funding round at €36 million from a consortium of investors, combining strategic and financial investors focused on the next growth phase. And H2SITE has received support from new co-lead investors Hy24 and SC Net Zero Ventures. These lead investors are joined by new investors MassMutual Ventures, Enagas Emprende and Exergon, and existing investors Breakthrough Energy Ventures along with Equinor Ventures and Ezten, FCR (a fund managed by Gestión de Capital Riesgo del País Vasco of the SPRI Group - Basque Government).

Madrona: $770 Million Closed For Madrona Fund X And Acceleration Fund IV

By Amit Chowdhry ● Jan 31, 2025

Madrona announced the closing of Fund X and Acceleration Fund IV, which will be deployed in the next several years in new companies and will support them through their life cycle.

Focus Partners Brings In $4.16 Billion Firm Merriman Wealth

By Amit Chowdhry ● Jan 31, 2025

Focus Financial Partners, an interdependent partnership of wealth management, business management, and financial services firms, announced that it has entered into a definitive agreement under which Seattle, WA-based Merriman Wealth Management will join Focus Partners Wealth. This deal is expected to close on February 1, 2025, subject to customary closing conditions. Upon the completion of this deal, Merriman is expected to add approximately $4.16 billion, measured as of September 30, 2024, to Focus Partners Wealth’s regulatory assets under management.

Apple Reports Over 2.35 Billion Active Devices And 1 Billion Subscriptions

By Amit Chowdhry ● Jan 31, 2025

This week, Apple reported its best quarter ever for the fourth calendar quarter of 2024. For the quarter, Apple reported revenue of $124.3 billion and a net quarterly profit of $36.3 billion compared to revenue of $119.6 billion and a net quarterly profit of $33.9 billion during the same period a year earlier.

Beanstack: $1.5 Million Raised To Help School Libraries Facilitate Reading Challenges

By Amit Chowdhry ● Jan 30, 2025

Beanstack announced they have raised $1.5 million in capital led by Riverside Acceleration Capital and Evoce Capital with additional investment from Mark Cuban, Kapor Capital, Militello Capital, and the founders and their family as a strategic raise. And the former Shark Tank company will utilize the funding to accelerate its repeatable growth model and to invest in its Reading Culture Trailblazer client marketing program. The company also seeks to raise an additional $500K under the same convertible note terms through March 31st.

ID.me: $275 Million Financing Raised From Ares Management

By Amit Chowdhry ● Jan 30, 2025

ID.me, a market-leading digital identity wallet, announced it had closed a $275 million credit facility provided by Ares Management funds. And Ares also plans to make a substantial equity investment in ID.me.

Rad AI: $60 Million (Series C) Raised To Advance Leadership In Healthcare GenAI

By Amit Chowdhry ● Jan 30, 2025

Rad AI, which is one of the fastest-growing healthcare AI companies and the first to commercialize a generative AI product in healthcare, announced a $60 million Series C financing round, valuing the company at $525 million. This oversubscribed round was led by Transformation Capital, with participation from existing investors Khosla Ventures, World Innovation Lab, UP2398, Kickstart Fund, OCV Partners, Cone Health, and others. And this funding round comes seven months after their $50 million Series B.

Phantom: Multichain Wallet Company Raises $150 Million (Series C) At $3 Billion Valuation

By Amit Chowdhry ● Jan 30, 2025

Phantom - a simple multichain wallet that announced to make crypto safer and easier to use - announced it raised $150 million in Series C funding at a $3 billion valuation. This funding round was co-led by Sequoia Capital and Paradigm, with participation from existing investors, including a16z crypto and Variant.

Ashton Thomas Private Wealth: $2.5 Billion Team Onboarded

By Amit Chowdhry ● Jan 30, 2025

Ashton Thomas Private Wealth (an Arax Investment Partners firm) announced that Mark Cavalier, Jonathan Smith, and Gregory Weiss have joined the firm as Managing Directors and Partners. And they will join former Wells Fargo Senior Vice President and Group Finance Officer Michael Hansen and four administrative staff to establish a new Ashton Thomas office in San Francisco’s Financial District, which will serve as a hub for the firm’s growth in the Western region.

The L Suite Acquiring Luminate+ To Transform How In-House Counsel Taps Into Insights

By Amit Chowdhry ● Jan 30, 2025

The L Suite, a premier community for General Counsels (GCs) and Chief Legal Officers (CLOs) at high-growth companies and investment funds, announced the acquisition of Luminate+, which is an industry-leading e-learning platform for legal professionals.

Trinity Capital Equipment Finance Unit Surpasses $1 Billion In Fundings

By Amit Chowdhry ● Jan 30, 2025

Trinity Capital - a leading alternative asset manager - announced that its equipment finance vertical has surpassed $1 billion in funding to high-growth companies since 2018. This milestone highlights the company's commitment to supporting the growth and innovation of businesses in various industries, including manufacturing & automation, energy, space technology, climate tech, and AI.

FileCloud: Strategic Growth Investment Raised From Level Structured Capital

By Amit Chowdhry ● Jan 30, 2025

FileCloud, a provider of secure content collaboration and data governance solutions, announced it has secured a strategic growth investment from Level Structured Capital (an affiliate of Level Equity, a growth equity firm with over $3 billion in assets under management). This funding round will enable FileCloud to enhance its go-to-market strategies and further innovate its platform to meet the increasing demand for secure, scalable, and compliance-driven file-sharing solutions.

Arctic Therapeutics: Drug Discovery Company Raises €26.5 Million (Series A)

By Amit Chowdhry ● Jan 30, 2025

Icelandic drug discovery and development company Arctic Therapeutics (ATx) announced the closing of a €26.5 million oversubscribed Series A financing from a broad syndicate of international investors. This syndicate includes the EIC Fund, Iceland's largest privately-held investment firm Kaldbakur, Investcorp-backed Sanos Group, Swiss-based Cerebrum DAO, The Lurie Family Foundation – established by US billionaire Jeffery Lurie, and a consortium led by early investors and co-founders of Icelandic unicorn, Kerecis, and Copenhagen-listed Chemometec. Icelandic institutional investors and family offices also participated in the round.