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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.