Archives

Radiant Bio: $35 Million (Series A) Raised For Advancing Antibody Platform

By Amit Chowdhry ● Sep 13, 2024

Radiant Biotherapeutics, a preclinical biotechnology company build an antibody platform to deliver transformative therapies for patients facing life-changing disease, announced it has closed a $35 million Series A financing. The funding round was co-led by the Bill & Melinda Gates Foundation and Amplitude Ventures of Canada. The additional participants in the Series A include new investors BDC Capital, the VC arm of the Business Development Bank of Canada, through its Thrive Venture Fund, and abrdn, an investment fund managed by abrdn Inc.; and existing investors FACIT, Alexandria Venture Investments and Toronto Innovation Acceleration Partners (TIAP).

SpectraWAVE: $50 Million (Series B) Raised To Advance HyperVue Imaging System

By Amit Chowdhry ● Sep 13, 2024

SpectraWAVE., a medical imaging company focused on improving the treatment and outcomes for patients with coronary artery disease (CAD), announced a $50 million Series B funding round led by Johnson & Johnson Innovation - JJDC and joined by S3 Ventures, Lumira Ventures, SV Health Investors, Deerfield Management, NovaVenture, Heartwork Capital, and undisclosed parties. This funding round will advance commercial expansion and product additions to the company’s 510k-cleared HyperVue Imaging System.

MOTHER Games: $5 Million Raised To Build Mobile Indie Game Le Zoo

By Amit Chowdhry ● Sep 13, 2024

Brooklyn-based art and media company MOTHER Games announced its launch out of stealth and $5 million in funding for its mobile game Le Zoo. Launched by two visionary mothers, Kelsey Falter and Raissa Chagas, MOTHER creates transformative experiences designed to awaken players to their mental programming and expand their inner worlds through play.

Sound Income Group Reveals Academy For Supporting Advisor Growth

By Amit Chowdhry ● Sep 12, 2024

Sound Income Group (formerly known as Advisors' Academy), a Fort Lauderdale, Florida-based diversified financial services company announced it continues to enhance its income-focused wealth management platform for independent financial professionals by launching Sound Income Academy.

Switch: Enterprise Data Center Provider Raises $5 Billion In Debt Financing

By Amit Chowdhry ● Sep 12, 2024

Switch, a provider of AI, cloud and enterprise data centers, announced that it has closed on its $4.25 billion sustainability-linked Borrowing Base Facility (BBF) and upsized its Revolving Credit Facility (RCF) to $770 million.

10 Federal: Self-Storage Company Raises $25 Million

By Amit Chowdhry ● Sep 12, 2024

10 Federal, a leader in the self-storage industry, announced key milestones that highlight the company's continued growth and leadership in the sector. In the first closing of the Opportunistic Offering, 10 Federal raised $25 million in equity, equity commitments, and mezz equity during the third quarter of this year. And the funding was led by Essentia Capital Partners, an investment advisory firm serving HNWIs and RIAs.

Huma: Payment Financing Company Raises $38 Million

By Amit Chowdhry ● Sep 12, 2024

Payment Financing (PayFi) network company Huma announced that it has raised $38 million in funding. Distributed Global led the equity round, with significant participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures, CVC arm of İşbank, the largest private bank in Turkiye. Part of this rise came as investments into high-yield real-world assets (RWA) assets on the platform.

Quantum Source: $50 Million (Series A) To Develop Practical Photonic Quantum Computers

By Amit Chowdhry ● Sep 12, 2024

Quantum Source, an Israel-based company developing technology for powerful, cost-effective, and practical photonic quantum computers, announced it has raised a $50 million Series A investment round led by Eclipse. Standard Investments, Level VC, Canon Equity, and existing investors Pitango First, Grove Ventures, 10D, and Dell Technologies Capital participated in the round.

Glean: Enterprise AI Company Raises $260 Million (Series E) At $4.6 Billion Valuation

By Amit Chowdhry ● Sep 12, 2024

Pieces Technologies: $25 Million Raised To Support Inpatient Care Teams Using GenAI Solutions

By Amit Chowdhry ● Sep 12, 2024

Discure Technologies: Bioelectronic Implantable Device Company Secures $16 Million (Series A)

By Amit Chowdhry ● Sep 12, 2024

Discure Technologies, the developer of the Discure System, a bioelectronic implantable device for the treatment of degenerative disc disease (DDD), announced that it has secured $11 million in an oversubscribed Series A funding round following a $5 million SAFE (Simple Agreement for Future Equity) raise, bringing the total equity financing raised to $16 million.

P0 Security: IGA and PAM Platform Company Raises $15 Million (Series A)

By Amit Chowdhry ● Sep 12, 2024

P0 Security, the provider of the first unified IGA and PAM platform for the cloud designed to secure all enterprise cloud identities, announced the closing of its $15 million Series A round, bringing the total raised since founded to $20 million. This funding was led by SYN Ventures with participation from Zscaler and existing investor Lightspeed Venture Partners. The company also announced the appointment of SYN Ventures Operating Partner, Ryan Permeh, to the Board of Directors.

CorFlow Therapeutics: €44 Million (Series B) Raised For Advancing Drug Delivery Platform Related To Microvascular Obstruction In Heart Attack Patients

By Amit Chowdhry ● Sep 12, 2024

CorFlow Therapeutics AG announced that it has raised €44 million in Series B funding, co-led by Broadview Ventures and Panakes Partners with strong continued support from 415 Capital (CorFlow's initial VC investor and largest shareholder). Merieux Equity Partners, Laerdal Million Lives Fund, Wellington Partners, M&L Investments, Unorthodox Ventures, KOFA Healthcare, and Monte Carlo Capital participated in the multinational syndicate.

Paul Hastings Brings In Tech M&A And VC Partner Ian Engstrand To Boston

By Amit Chowdhry ● Sep 12, 2024

Paul Hastings announced that Ian Engstrand has joined the firm as a partner to strengthen the firm's global M&A capabilities and emerging companies/venture capital practice and further expand its presence in Boston.

Daisy: Home Technology Installation Company Raises $7 Million (Series B)

By Amit Chowdhry ● Sep 12, 2024

National home technology installation and services company Daisy announced a $7 million Series B funding round, bringing the total investment to date to over $20 million in its first year. This funding round was led by Goldcrest and Bungalow, who also led the company’s Series A and seed rounds. The additional Series A investors joining this round include consumer-oriented investors Bullish and Burst Capital.

Cetera Brings In Innovative Premier Financial Services Team

By Amit Chowdhry ● Sep 12, 2024

Premier financial advisor Wealth Hub Cetera Financial Group announced that a seven-person team led by a husband and wife duo doing business as Innovative Premier Financial Services (IPFS) has joined Cetera Wealth Partners. Headed by Managing Partners David and Kate Frank, the team offers comprehensive financial planning and investment advice to approximately 500 clients. IPFS serves clients who are focused not just on the accumulation of wealth but also on legacy, estate, and business planning.

Baird: Darrell Reynard Joins Fairfax Private Wealth Management Office

By Amit Chowdhry ● Sep 12, 2024

Baird, an employee-owned, international wealth management, asset management, investment banking/capital markets and PE firm, announced it has added Darrell Reynard as a Director and Financial Advisor to its wealth management office in Fairfax, VA.

Circle Pharma: $90 Million (Series D) Raised For Improving Oral Macrocycle Therapies

By Amit Chowdhry ● Sep 12, 2024

Circle Pharma, a clinical-stage biopharmaceutical company focused on discovering and developing cell-permeable macrocycles as a new class of therapies, announced the successful closing of a $90 million Series D financing round - which includes the conversion of a convertible note. The Column Group led this funding with participation from new and existing investors, including Nextech Invest and Euclidean Capital.

Parafin: Financial Infrastructure Company Closes $93 Million Debt Facility

By Amit Chowdhry ● Sep 12, 2024

Parafin, an embedded finance leader, announced that it closed a $93 million debt facility with Jefferies and Trinity Capital. And their investment has the potential to increase to $187 million.

Melodi Health: Medical Device Company Secures $10.75 Million (Series A)

By Amit Chowdhry ● Sep 12, 2024

Medical device company Melodi Health announced two milestones: the closing of a $10.75 million oversubscribed Series A funding and the launch of the "ARIA" investigational device exemption (IDE) trial aimed at improving clinical outcomes for women undergoing breast reconstruction after mastectomy. The Series A investors include HM Venture Partners, Engage Venture Partners, Southeast Minnesota Capital Fund, and Three Bridges Private Capital.

Wingspire Equipment Finance: $2 Billion In Funding Volume Surpassed

By Amit Chowdhry ● Sep 12, 2024

Wingspire Equipment Finance announced a significant company milestone, surpassing $2 billion in funded transactions. This milestone validates the company's rapid growth and dedication to providing exceptional financial solutions for its clients.

Kredete: $2.25 Million (Seed) Raised To Help African Immigrants Build Credit And Send Money Home

By Amit Chowdhry ● Sep 12, 2024

Kredete, a financial software platform focused on helping African immigrants build credit and send money back home, announced it has raised $2.25 million in seed funding. This funding round was led by Blockchain Founders Fund, with participation from notable investors, including Techstars, Tezos Foundation, Polymorphic Capital, Launch Africa, Neer Venture Partners, and DNA Fund. The round also included contributions from angel investors.

ThinkCyte: $32 Million (Series C) Closed To Advance Morphometric Cell Sorting Platform

By Amit Chowdhry ● Sep 12, 2024

ThinkCyte announced the completion of a Series C funding round. Including the equity funding secured last November, the company raised an additional $15 million in the extension round, bringing the total to $32 million. This extension round was led by Japan Green Investment Corp. for Carbon Neutrality (JICN), KIRIN-GB Fund I L.P., and SMBC Venture Capital No. 7 Investment Limited Partnership. And the company also secured a loan from Japan Finance Corporation.

University Of Vermont And BioLabs Launching Startup Incubator

By Amit Chowdhry ● Sep 12, 2024

The University of Vermont (UVM), which is Vermont’s flagship land-grant university, announced a partnership with Cambridge, Massachusetts–based BioInnovation Labs (BioLabs), an internationally known innovation lab platform with a network of shared lab and office workspaces, to launch a dedicated incubator at UVM’s Colchester facility. The timing of this announcement coincides with the Dean’s Celebration of Excellence in Research happening in late September.

LiveOak Fiber Raises Funding To Expand High-Speed Broadband Access

By Amit Chowdhry ● Sep 12, 2024

LiveOak Fiber - a regional broadband service provider founded in 2022 - announced it has secured additional funding through a co-investment partnership between InfraRed Capital Partners and MEAG, the Asset Manager of Munich Reinsurance Company (Munich Re) and its wholly owned direct and indirect subsidiaries. This co-investment commitment was granted to LiveOak for clients managed by MEAG. This new funding will further support LiveOak's mission to deliver high-speed broadband to underserved markets in the southeast US.

Mastercard Buying Global Threat Intelligence Company Recorded Future For $2.65 Billion

By Amit Chowdhry ● Sep 12, 2024

Today, Mastercard expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion. The acquisition supports the insights and intelligence used to secure the digital economy, including the payments ecosystem and beyond.

Versana: $26 Million Raised With Barclays Added As An Investor

By Amit Chowdhry ● Sep 12, 2024

Versana announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized and real-time digital data platform. The company’s existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also participated in this round. Plus, Barclays joins as a subscriber and provider of its agented corporate loan data, becoming the tenth bank to commit to Versana's next-generation platform.

Qualifyze: Life Sciences Supplier Risk Management Company Raises $54 Million (Series B)

By Amit Chowdhry ● Sep 12, 2024

Qualifyze, a supplier risk management company in the Life Sciences industry, announced $54 million in Series B funding from Insight Partners. Existing investors HV Capital, HarbourVest Partners, H14, and Cherry Ventures also participated.

Track3D: Construction Reality Intelligence Company Raises $4.3 Million (Seed)

By Amit Chowdhry ● Sep 12, 2024

AI-based reality construction intelligence company Track3D announced it has raised $4.3 million in seed funding. This funding round will drive the adoption of Track3D's unified reality capture data platform, designed for intelligent, comprehensive, AI-powered construction progress monitoring. This seed funding round was led by Endiya Partners, with participation from Shadow Ventures, Monta Vista Capital and others. The funding will be used to expand Track3D's product offerings and bolster its go-to-market efforts.

Strider Technologies: Strategic Intelligence Provider Secures $55 Million (Series C)

By Amit Chowdhry ● Sep 12, 2024

Strider Technologies, a leading provider of strategic intelligence, announced that it has closed $55 million in Series C funding. Pelion Venture Partners led the round, which also includes participation from AXA Venture Partners (AVP) and existing investors Valor Equity Partners, DataTribe, and Cyfr Capital. Blake Modersitzki, a partner at Pelion, will join Strider's Board of Directors.