Archives

ACEL Power: Marine Electric Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 27, 2024

ACEL Power, an innovator in marine electric innovation, announced it has closed its oversubscribed Series A round with $10 million in funding. The funding was led by Tau Capital, which is an Abu Dhabi-based private venture capital firm committed to supporting advancements in science and technology for a positive impact on the world.

Cart.com Raises $105 Million Term Loan Facility From BlackRock

By Amit Chowdhry ● Jul 27, 2024

Cart.com - a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill wherever their customers are - announced it has secured a $105 million term loan facility provided by funds and accounts managed by BlackRock. The latest facility helps consolidate Cart.com’s venture debt at competitive terms as the company continues its rapid growth trajectory.

DataCore: Data Infrastructure Company Raises $60 Million

By Amit Chowdhry ● Jul 27, 2024

Xapien: AI-Based Due Diligence Provider Raises £8 Million In Series A

By Amit Chowdhry ● Jul 27, 2024

AI due diligence provider Xapien announced the completion of its £8 million ($10 million) Series A funding round, led by YFM Equity Partners. This brings the total funding to £14 million ($17.8 million).

Heimdall Power: Grid Optimization Company Raises $25 Million

By Amit Chowdhry ● Jul 27, 2024

Heimdall Power, a company that is driving power grid optimization for utility companies around the world, announced the closing of its $25 million Series B funding round. This funding round was co-led by international energy giant Orlen, Nordic cleantech fund NRP Zero and the Steinsvik Family Office. And additional investments were made by existing investors, Investinor, Eviny, Hafslund, Lyse, and Sarsia Seed.

Vectara: GenAI Product Platform Company Raises $25 Million In Series A

By Amit Chowdhry ● Jul 27, 2024

Vectara, a trusted Generative AI (GenAI) product platform, announced it has closed a $25 million Series A round led by FPV Ventures and Race Capital. The additional investors include Alumni Ventures, WVV Capital, Samsung Next, Fusion Fund, Green Sands Equity, and Mack Ventures.

CatalYm: Cancer Therapy Resistance Mechanism Company Raises $150 Million In Series D

By Amit Chowdhry ● Jul 27, 2024

CatalYm announced the completion of a $150 million Series D financing. The oversubscribed funding round was led by new investors, Canaan Partners and Bioqube Ventures, and joined by Forbion's Growth Opportunities Fund, Omega Funds and Gilde Healthcare. Existing investors Jeito Capital, Brandon Capital Partners, Novartis Venture Fund and Vesalius Biocapital III also participated in the round.

Seven Starling: Women’s Behavioral Health Services Virtual Provider Raises $10.9 Million

By Amit Chowdhry ● Jul 27, 2024

Seven Starling, a virtual provider of women's behavioral health services, announced it has raised $10.9 million in Series A funding. RH Capital led the oversubscribed investment round, with participation from insiders Pear VC, Expa, Magnify Ventures, Emerson Collective, and Inflect Health, and new investors including Zeal Capital Partners, Ulu Ventures, Fiore Ventures, the March of Dimes, Rogue Venture Partners, Graham & Walker, and Wisdom Ventures.

Jacobi Robotics: AI-Based Motion Planning Tech Company Raises $5 Million

By Amit Chowdhry ● Jul 27, 2024

Jacobi Robotics, a company that has pioneered a new kind of AI-powered motion planning technology that requires 1000x less computational time and enables the deployment of robots in less than one day compared to one month with existing programming tools, announced it launched the availability of its robotics AI software platform. The company also announced it has raised a $5 million seed round led by Moxxie Ventures with participation from Foothill Ventures, Humba Ventures, and The House Fund. Existing investors Swift Ventures, Berkeley SkyDeck Fund, and LDV Partners also participated.

Exa: Search-Focused AI Company Secures $22 Million

By Amit Chowdhry ● Jul 27, 2024

Exa - an AI research lab redesigning search - announced $22 million in seed and Series A funding led by Lightspeed Venture Partners, with participation from NVentures (NVIDIA's venture capital arm), and Y Combinator. This funding will accelerate Exa’s goal of building the search engine for AI.

Loci Orthopaedics: €12.8 Million In Series A Funding Raised

By Amit Chowdhry ● Jul 27, 2024

Loci Orthopaedics - an orthopaedic medical device company - announced the successful closing of an oversubscribed €12.8 million Series A financing. The funding round was led by new investors Seroba, Johnson & Johnson Innovation, JJDC, Inc., (JJDC) and the European Innovation Council (EIC) Fund.

Shaped.ai: AI Recommendation And Search Platform Raises $8 Million

By Amit Chowdhry ● Jul 27, 2024

Shaped.ai, an AI recommendation and search platform for marketplaces, e-commerce, and content companies, announced funding of $8 million and the launch of their new self-serve cloud product.

TRiCares: Medical Device Company Raises $50 Million In Series D

By Amit Chowdhry ● Jul 27, 2024

TRiCares SAS, a privately held pioneer in the minimally invasive treatment of tricuspid regurgitation, announced it has raised $50 million (€46 million) in a Series D funding round. The funding round was raised from a single strategic investor.

Hash: AI Mining Company Secures $10 Million From Bolt’s Capital

By Amit Chowdhry ● Jul 27, 2024

Hash AI announced it raised a strategic $10 million investment from Bolt's Capital - which is a leading venture capital firm focused on the blockchain industry. This funding fuels the company’s mission at Hash AI: to transform crypto mining through intelligent automation and a commitment to sustainable practices.

Lakera: GenAI Security Company Raises $20 Million

By Amit Chowdhry ● Jul 27, 2024

Lakera, a leading real-time Generative AI (GenAI) Security company, announced it has raised $20 million in a Series A funding round. This funding round was led by Atomico, with participation from Citi Ventures, Dropbox Ventures, and existing investors including redalpine. This round brings Lakera's total funding to $30 million.

ICONIQ Growth: $5.75 Billion Closed For Seventh Flagship Fund

By Amit Chowdhry ● Jul 26, 2024

ICONIQ Growth, ICONIQ’s venture and growth investing platform, announced the closing of $5.75 billion in capital commitments in its seventh and latest flagship fund. With this fund, ICONIQ Growth plans to partner with exceptional founders and an unmatched community to transform extraordinary ideas into world-changing realities. The closing of this fund brings the total capital commitments of ICONIQ Growth to $21 billion across all funds raised since its founding.

Forge: An Interview With Co-Founder Kun Gao About This Rapidly Growing Game Loyalty Company

By Amit Chowdhry ● Jul 26, 2024

Forge is a company where gamers go to celebrate their achievements and start earning rewards for their dedication to gaming. Pulse 2.0 interviewed Forge co-founder, President, and CEO Kun Gao to learn more about the company.

Granite Creek Capital Partners Invests in Madwire

By Amit Chowdhry ● Jul 26, 2024

Granite Creek Capital Partners, a private investment firm based in Chicago, announced a growth investment in Madwire. Madwire is a technology company offering business management and marketing software and services for small and medium-sized businesses (SMBs) through its flagship product, Marketing 360.

Earthshot Labs Raises $5.5 Million To Expand Nature-Based Carbon Project Development

By Amit Chowdhry ● Jul 26, 2024

Earthshot Labs announced it has completed a $5.5 million Series A funding round to expand its platform for nature-based carbon project development and financing. And Earthshot has helped develop over 60 reforestation, conservation, agroforestry, and improved forest management projects worldwide and directed over $55 million in financing. This funding round was led by Acorn Pacific Ventures with participation by Earth Foundry, Future Ventures, Resilient Earth Capital, One Small Planet, Parameter Ventures, Sand Hill Angels, and Orca Capital.

CytoReason: $80 Million Raised To Develop Computational Disease Models For Predictive Insights

By Amit Chowdhry ● Jul 26, 2024

CytoReason, a leader in developing computational disease models for predictive insights, announced it raised an aggregated $80 million from OurCrowd, NVIDIA, Pfizer, and Thermo Fisher Scientific.

ReliON: C$3 Million Raised To Develop O&M Solutions For EV Charging Infrastructure

By Amit Chowdhry ● Jul 26, 2024

ReliON - a Montréal and Ottawa-based pioneering provider of Operation & Maintenance (O&M) solutions for EV charging infrastructure - announced it has raised a C$3 million funding round led by Diagram Ventures, with participation from MaRS Investment Accelerator Fund (IAF), AQC Capital, Anges Québec and Cycle Momentum.

Aven: $142 Million In Series D Raised To Offer Consumer Credit Cards Backed By Home Equity

By Amit Chowdhry ● Jul 26, 2024

Aven, a technology company offering consumer credit cards backed by home equity, announced a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors, including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership.

Leya: AI-Driven Legal Technology Company Closes $25 Million In Series A

By Amit Chowdhry ● Jul 26, 2024

Leya, a pioneer in AI-driven legal technology, announced the successful closing of a $25 million Series A funding round. This funding round was led by Redpoint Ventures, with participation from existing investors Benchmark, Y Combinator, and Wayfinder Ventures and the new addition of Alt Capital.

Code Metal: AI-Based Edge Development Workflow Company Secures $13 Million In Seed Funding

By Amit Chowdhry ● Jul 26, 2024

Code Metal, a leading company in AI-based development workflows for the edge, announced a $13 million seed funding round, led by Shield Capital, and a prior $3.45 million pre-seed round, led by J2 Ventures, with support from Fulcrum Venture Group, Underdog Labs, and others.

NewSpring: $390 Million Raised For Fifth Mezzanine Fund

By Amit Chowdhry ● Jul 26, 2024

NewSpring, a family of private equity strategies, announced the final closing of NewSpring Mezzanine Capital V (NSM V), out of the firm's dedicated private credit strategy, NewSpring Mezzanine. In total, the fund was oversubscribed with total commitments of $390 million. NSM V received strong support from existing and new investors, including a diverse group of banks, insurers, public plans, financial institutions, and individuals.

Magenta Medical: Heart Pump Company Raises $105 Million

By Amit Chowdhry ● Jul 26, 2024

Magenta Medical, the developer of Elevate (the world's smallest heart pump), announced it had closed a $105 million funding round led by global healthcare investment firm Novo Holdings. The new investors Viking Global Investors and RA Capital Management, as well as existing investors OrbiMed, New Enterprise Associates (NEA), JVC Investment Partners, and ALIVE - Israel HealthTech Fund, also participated in this round.

Barings To Invest In Diversified Packaging

By Amit Chowdhry ● Jul 26, 2024

Barings (one of the world’s leading investment managers) announced it has provided a second lien debt and equity co-investment to support Mill City Capital’s recapitalization of Diversified Packaging Holdings. Based in Blaine, Minnesota, Diversified Packaging provides pre-press products and services to the packaging industry, serving commercial printing companies, corrugate packaging companies, and various other customers across the upper Midwest U.S.

Cowboy Clean Fuels Closes $13 Million In Series B

By Amit Chowdhry ● Jul 26, 2024

Cowboy Clean Fuels (CCF) - an advanced climate tech and energy transition company - announced the closing of about $13 million in Series B equity financing. This funding round will be pivotal in commercializing its groundbreaking technology for the simultaneous production of renewable natural gas (RNG) and permanent sequestration of carbon dioxide, presenting a significant opportunity for investors in the growing renewable energy and carbon markets. The Series B funding round was led by Machan Investments, the family office of former energy executive Dan Dinges.

Leuko: Non-Invasive Blood Testing MIT Spinout Receives $4.5 Million NIH Grant

By Amit Chowdhry ● Jul 25, 2024

Leuko, a medical tech company pioneering the field of non-invasive blood testing, announced that it has received a $4.5 million SBIR Phase IIB award from the National Institutes of Health (NIH) National Cancer Institute (NCI) for the continued development of PointCheck, the first solution that enables non-invasive white blood cell monitoring.

Bitlayer: Bitcoin Layer 2 Solution Company Secures $11 Million

By Amit Chowdhry ● Jul 25, 2024

Bitlayer Labs, the first Bitcoin Layer 2 based on the BitVM paradigm, announced the completion of its $11 million Series A funding round. This funding round is led by industry leaders Franklin Templeton and ABCDE, offering powerful strategic and capital resources that will pave the way for Bitlayer's expansion. ABCDE, along with Framework Ventures, led Bitlayer's seed round funding.