Archives

Gigpro: Hospitality-Focused On-Demand Labor Marketplace Secures $16 Million (Series A)

By Amit Chowdhry ● Aug 8, 2024

Gigpro - a leading on-demand labor marketplace for the hospitality industry - announced that it has closed a $16 million Series A funding round led by Foundry, with participation from Stage 1 Ventures and existing investors Stage 2 Capital and Detroit Venture Partners. This is a significant step forward in Gigpro's mission to revolutionize the gig economy by connecting businesses with skilled independent professionals efficiently and seamlessly.

Outbrain And Teads Merging In $1 Billion Deal

By Amit Chowdhry ● Aug 8, 2024

Outbrain, a platform that drives business outcomes through engagement, announced it has entered into a definitive agreement to acquire Teads, the global omnichannel video platform.

Ziff Davis Buying CNET For Over $100 Million, Says Report

By Amit Chowdhry ● Aug 8, 2024

Ziff Davis announced it is buying CNET for over $100 million. CNET was originally founded in 1994 and the company went public two years later. Then CBS bought CNET in 2008 for $1.8 billion in a deal to take the company private. Then in 2020, Paramount Global sold CNET to Red Ventures for $500 million.

Nexio: Bitcoin Scaling Solution Company Closes $2.2 Million (Pre-Seed)

By Amit Chowdhry ● Aug 8, 2024

Nexio, a Bitcoin scaling solution leveraging parallelized rollup technology, announced today that it has raised $2.2 million in pre-seed funding from a diverse roster of prominent industry investors. This funding round was led by Lattice, with participation from HTX Ventures, Artichoke Capital, Morningstar Ventures, Sharding Capital, SNZ Holding, Sats Ventures, Wise3 Ventures, and other notable partners. The funding also involved angel investors, such as Paper Ventures' Danish Chaudhry, ex-BlackRock's Paul Taylor, ex-ParaFi Santiago R Santos, Comfy Capital, Movement Labs' Rushi Manche, Elixir Protocol's Tim Wang, Notifi's Paul Kim, and R89 Capital.

InventWood: $8 Million Raised And Tyler Huggins Named As CEO

By Amit Chowdhry ● Aug 8, 2024

InventWood, a company transforming undervalued wood into high-performance climate-resilient Superwood building products that are stronger and lighter than steel, announced today $8 million in new funding and the appointment of Tyler Huggins, Ph.D., as its new Chief Executive Officer. Joining existing investor Grantham Foundation are new investors, including Builders Vision, Echelon, and John Rockwell (four-time CEO of successful clean technology companies and partner in multiple private investment firms).

Rhombus: Cloud-Managed Physical Security Company Raises $45 Million (Series C)

By Amit Chowdhry ● Aug 8, 2024

Rhombus, a leader in cloud-managed physical security, announced $45 million in Series C funding led by NightDragon (a cybersecurity, safety, security, and privacy investment firm). Bluestone Equity Partners and existing investors Caden Capital, Cota Capital, Tru Arrow Partners, and Uncorrelated Ventures participated in the round, which brings the total funding raised to over $90 million.

Lineaje: Supply Chain Security Company Secures $20 Million (Series A)

By Amit Chowdhry ● Aug 8, 2024

Lineaje, a leader in continuous software supply chain security management, announced it raised $20 million in Series A funding led by Prosperity7 Ventures, Neotribe, and Hitachi Ventures, along with existing investor Tenable Ventures. This round also included participation from Carahsoft (the world’s largest software distributor serving the U.S. government) along with Wipro Ventures, Secure Octane Investments, J-Ventures and Alumni Ventures. And with additional contributions from executives at Zscaler, CrowdStrike, and Trellix, this investment brings Lineaje’s total funding to $27 million.

Perchwell: $25 Million (Series B) Raised To Empower Real Estate Agents

By Amit Chowdhry ● Aug 8, 2024

Perchwell, a modern data and workflow platform for residential real estate, announced its $25 million Series B financing. Lux Capital is leading the funding, which is joined by a group of strategic real estate and financial investors, including Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS).