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Purdue University And Heartland BioWorks To Share $51 Million Funding For Supporting Workforce Development

By Amit Chowdhry ● Jul 10, 2024

Purdue University (as a member of Heartland BioWorks) will be sharing $51 million in federal funding to support workforce development and business startup efforts in the state’s burgeoning biotechnology ecosystem. Awarded by the U.S. Department of Commerce’s Economic Development Administration, this funding will catalyze Indiana’s biotechnology innovation and manufacturing efforts, which are a pillar of Purdue’s One Health Innovation District.

Orby AI: $30 Million Raised To Develop AI Solutions For Enterprises

By Amit Chowdhry ● Jul 10, 2024

Orby AI, a company developing generative AI solutions for the enterprise, announced the closing of its $30 million series A round of financing. The Series A round was co-led by New Enterprise Associates (NEA), Wing VC, and WndrCo, with additional participation from Pear VC.

Star Mountain Capital Names Charles Millard As Senior Advisor

By Amit Chowdhry ● Jul 10, 2024

Star Mountain Capital, a specialized investment manager with over $4 billion in assets under management focused on generating defensive and premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses, announced that Charles Millard has joined as Senior Advisor.

Augustine Therapeutics: €17 Million Raised For Developing Neurodegenerative And Cardiometabolic Disease Treatments

By Amit Chowdhry ● Jul 10, 2024

Augustine Therapeutics, a pioneering biotech company focused on novel treatments for neurodegenerative and cardiometabolic diseases, announced that it has raised €17 million in the first closing of its Series A round. This funding round was led by Asabys Partners, with participation from Eli Lilly and Company, and the US-based Charcot-Marie-Tooth Research Foundation. The current investors AdBio partners, V-Bio Ventures, PMV, VIB and Gemma Frisius Fund also joined the round.

Holoclara: $16 Million Secured To Develop Worm-Derived Therapies For Allergies And Autoimmune Disorders

By Amit Chowdhry ● Jul 10, 2024

Holoclara, a biotechnology company that is pioneering the development of worm-derived therapies for allergies and autoimmune disorders, today announced the completion of an oversubscribed $16 million Series A funding led by BOLD Capital Partners. And Horizons Ventures, Tarrasque, Endurance28, Freeflow Ventures, and a syndicate of leading angel investors also participated in the round.

Daytona: Open Source Development Environment Company Closes $5 Million In Seed Funding

By Amit Chowdhry ● Jul 10, 2024

Daytona, an open-source development environment manager, announced that it had raised $5 million in seed funding to drive its goal of democratizing development for developers globally. The funding round was led by Upfront Ventures with participation from existing investor 500 EE.

Payabli: Payments Infrastructure Company Secures $20 Million In Series A

By Amit Chowdhry ● Jul 10, 2024

Payments infrastructure solution company Payabli announced it had raised $20 million in Series A funding round. This funding round was led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling Capital based on the company’s greater than three times revenue growth.

Norm Ai: Regulatory Compliance Company Closes $27 Million

By Amit Chowdhry ● Jul 10, 2024

Norm Ai announced it has raised a fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets. And the company has secured a $27 million Series A led by Coatue, with participation from Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital (the family office of Tony James, the former President and COO of Blackstone). In the past 11 months, Norm has raised more than $38 million from leading firms.

INVI MindHealth: Mental Health Technology Company Founded By Former Navy Seal Secures $1.5 Million In Seed Funding

By Amit Chowdhry ● Jul 10, 2024

Mental health technology company INVI MindHealth announced the successful closing of a $1.5 million Series Seed funding round. The proceeds from this funding round will be utilized to enhance the current INVI Mindhealth application, driving innovation to improve user experience and the integration of content from experts on a range of mental health topics and solutions.

Zuub: Dental Revenue Cycle Automation Company Secures $9 Million In Series A

By Amit Chowdhry ● Jul 10, 2024

Zuub, a leading innovator in dental Revenue Cycle Automation, announced that it had secured $9 million in Series A funding led by Vertical Venture Partners with participation from existing investors Bonfire Ventures and MTech Capital. This investment will further Zuub's mission to recapture billions of dollars in lost revenue in the dental industry by applying artificial intelligence and advanced automation technologies.

Akina Connect: An Interview With Founder And CEO Leigh Higginbotham Butler

By Amit Chowdhry ● Jul 10, 2024

Akina Connect is a national membership network focused on connecting and empowering Black women by providing access to the tools and resources needed to elevate them in their careers, communities, and family lives. Pulse 2.0 interviewed Akina Connect founder and CEO Leigh Higginbotham Butler to learn more about the company.

Form Health: Obesity Care Company Raises $38 Million

By Amit Chowdhry ● Jul 10, 2024

Form Health, a leading provider of science-based obesity care in the US, announced it has raised a $38 million Series B with Sound Ventures serving as the lead investor. M13, SignalFire, and Next View Ventures also participated in the round.

iVerify: Advanced Mobile EDR Solutions Company Closes $12 Million In Series A

By Amit Chowdhry ● Jul 10, 2024

iVerify, a leader in advanced mobile EDR solutions, announced the closing of $12 million in Series A funding led by Shine Capital with participation from Exponential Founders Capital, Mischief Ventures, Box Group, Parameter Ventures, Talons Ventures, and Trail of Bits.

OlivePoint: $50 Million Raised From GCM Grosvenor

By Amit Chowdhry ● Jul 10, 2024

Private real estate investor OlivePoint announced that GCM Grosvenor (a global alternative asset management solutions provider with $79 billion of assets under management) has committed $50 million to OlivePoint’s latest investment fund on behalf of various U.S. Pension Plans.

Rebellion Ventures Launches To Invest In The Future Of AI

By Amit Chowdhry ● Jul 10, 2024

Rebellion Ventures has announced its inaugural fund, which is dedicated to partnering with entrepreneurs to build what it coined the era of artificial super capability (ASC) through autonomous operations and AI agents that have the power to transform business models and unleash the greatest productivity boost in human history.

Valpas: Hotel And Rental Bedbug Safety Company Secures €4 Million

By Amit Chowdhry ● Jul 10, 2024

Valpas, a provider of a tech-based solution for bedbug-safe stays in hotels and rentals, announced it has secured €4m in seed funding led by Zenith VC along with Icebreaker VC, Finnish Industry Investment, Canon Marketing Japan MIRAI Fund, Activum SG Ventures, Houghton Street Ventures, Rockaway Ventures and Morrow Ventures.

Swell VC: An Interview With Co-Founder Rusty Ralston About Finding Market-Defining Opportunities In Venture Capital

By Amit Chowdhry ● Jul 10, 2024

Swell VC, built around a core thesis that you win with people, is an early-stage venture capital firm that invests in market-defining opportunities. Pulse 2.0 interviewed Swell VC’s co-founder and general partner, Rusty Ralston, to learn more about the firm.

Fytted: An Interview With Co-Founders Greg Auerbach And Olivia Dicopoulos About This AI-Based Styling Recommendation Company

By Amit Chowdhry ● Jul 10, 2024

Fytted is an app that utilizes AI technology that is transforming the way you shop with precise body measurements and personalized styling recommendations. Over $38 billion was wasted in the processing of apparel returns last year and Fytted is reducing the time and money consumers and retailers spend on processing returns (making the online shopping experience more beneficial for all parties involved). And a portion of all of Fytted proceeds go to Remake, a charity that fights for human rights and climate justice in the clothing industry. Pulse 2.0 interviewed Fytted CEO and co-founder Greg Auerbach and Chief Creative Officer and co-founder Olivia Dicopoulos.

Formation Bio: AI-Native Pharma Company Secures $372 Million In Series D Funding

By Amit Chowdhry ● Jul 10, 2024

AI-native pharma company Formation Bio announced that it has raised $372 million of Series D funding. This funding round was led by a16z, with significant participation from Sanofi. Current investors, including Sequoia, Thrive, Emerson Collective, and Lachy Groom, and new investors like SV Angel Growth and FPV Ventures, also joined the round.

Sensi.AI: Care Intelligence Company Closes $31 Million In Series B

By Amit Chowdhry ● Jul 10, 2024

Care intelligence company Sensi.AI announced the successful raising of $31 million in Series B funding, bringing the company's total funding to over $53 million. And this funding round was co-led by Zeev Ventures and Insight Partners, with continued support from existing investors Entrée Capital, Flint Capital, Jibe Ventures and Secret Chord Ventures.

Crossover Markets: Digital Asset Trading Company Closes $12 Million In Series A

By Amit Chowdhry ● Jul 10, 2024

Crossover Markets, a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, announced that it has raised $12 million in its Series A funding round led by Illuminate Financial and DRW Venture Capital. And Illuminate and DRW VC join a growing list of strategic investors that includes institutions such as Flow Traders, Laser Digital, Two Sigma, Wintermute, and retail brokers like Exness, Gate.io, GMO, Pepperstone, Trademax and Think Markets.

Meadow Partners: $530 Million Raised For Sixth Flagship Fund

By Amit Chowdhry ● Jul 10, 2024

Meadow Partners, an institutional middle-market real estate private equity investor, announced that the firm raised $530 million of new capital commitments for its sixth flagship fund Meadow Real Estate Fund VI LP and dedicated co-investment vehicles.

Micruity: Financial Tech Infrastructure Company Raises $5 Million

By Amit Chowdhry ● Jul 10, 2024

Micruity announced that it closed $5 million in funding to expand support for accumulation annuities and non-guaranteed income products on the Micruity platform.

SnapCare: How This AI-Enabled Healthcare Workforce Marketplace Is Transforming A $40+ Billion Market

By Amit Chowdhry ● Jul 10, 2024

SnapCare is an AI-enabled workforce marketplace serving the whole continuum of care. Pulse 2.0 interviewed SnapCare co-founder and Chief Operations Officer (COO) Jeff Richards to learn more about the company.

Incognia: The Story Behind This Innovative User Verification And Authentication Company

By Amit Chowdhry ● Jul 10, 2024

Incognia is the innovator of next-generation identity solutions that enable secure and seamless digital experiences. Pulse 2.0 interviewed Incognia co-founder and CEO André Ferraz to learn more about the company.

Americana Partners Expands Into LatAm Market

By Amit Chowdhry ● Jul 10, 2024

Americana Partners, an independent registered investment advisor (RIA) with $7+ billion in assets under management, announced its expansion into the Latin American market with the launch of Americana Partners International, dedicated to providing family office services to ultra-high net-worth individuals in the region.

LunchTable: Brand Amplification Platform Company Secures $2.4 Million

By Amit Chowdhry ● Jul 9, 2024

LunchTable (formerly Inphlu), a leading brand amplification platform, announced it has raised a $2.4 million seed financing round led by JumpStart Ventures, with participation from Cintrifuse Capital, Black Tech Nation Ventures, South Loop Ventures, Kobol.fund and angel investors.

Connexa Capital Reveals Debut Venture Capital Fund

By Amit Chowdhry ● Jul 9, 2024

Connexa Capital, a Miami-based VC firm, announced the final closing of its debut venture capital fund, Connexa Capital Fund I, L.P., with over $20 million in commitments, exceeding its initial target.

Rainforest: Payment Provider Company Secures $20 Million In Series A

By Amit Chowdhry ● Jul 9, 2024

Rainforest, a payment provider purpose-built for software platforms, announced it had raised an oversubscribed $20 million Series A funding round led by Matrix Partners. And additional participating investors include Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners – all of which joined in the company’s seed round announced last year. Matt Brown of Matrix is joining Rainforest’s board in connection with the funding.

TPG Sets Up Talent Management And Representation Company

By Amit Chowdhry ● Jul 9, 2024

Leading global alternative asset management firm TPG announced the formation of a new company that will acquire, invest behind, and build a diversified global business centered on talent management, representation, and adjacent verticals. Michel Pratte (former President of Boat Rocker Media) has been named CEO of the newly established company and Eric Taitz (former EVP of Corporate Development and Strategy at Boat Rocker) will serve as the company’s Chief Operating Officer.