Archives

DC BLOX, a provider of interconnected data centers, announced it raised incremental equity capital from its existing and new investors, led by Post Road Group and Bain Capital Credit. This funding will advance the deployment of $1+ billion of total capital to finance future construction and the development of powered-land banking opportunities, reinforcing DC BLOX’s position as a hyperscale-ready data center platform.

Distributional, a modern enterprise platform for AI testing, announced that it has raised $19 million in Series A funding led by Two Sigma Ventures with participation from Andreessen Horowitz, Operator Collective, Oregon Venture Fund, Essence VC, Alumni Ventures and dozens of angel investors. And the new funding round brings Distributional’s total capital raised to $30 million less than one year since its incorporation.

Facet, a fintech company building the future of financial planning, announced it has raised an additional $35 million in new financing. The funding round was led by Multiplier Capital, a leading provider of flexible financing solutions. Additional investors in this round include Warburg Pincus, Audacious Capital, and others.

Clara Capital Servicing - a leading provider of innovative financial lending solutions for small and medium sized businesses - announced the closing of a $20 million line of credit with Revere Capital, a renowned private lending firm.

Orion, a premier provider of transformative wealth tech solutions for fiduciary advisors, announced the launch of a new suite of ETF portfolios utilizing Capital Group ETFs. Capital Group is home to American Funds. These portfolios, managed by Brinker Capital, are available exclusively on the Orion Portfolio Solutions (OPS) and Brinker platforms.

Leading tech-enabled healthcare company Rezilient Heath announced that it has closed a $10 million Series A funding round led by Govo Venture Partners with participation from Bridge Ventures, Acorn Pacific Ventures, The Council, Jim McKelvey (Co-Founder of Block, formerly Square), Mark and Robyn Jones (Founders of Goosehead Insurance), Jeremy Friese (Founder of Verata Health), and David Karandish (Founder of Answers.com).

NuFund Venture Group, one of the nation’s largest and most active early-stage investor networks, has announced the launch of its new Austin Cluster. This expansion into the Texas Market represents the next step in NuFund’s mission to build thriving startup ecosystems beyond its Southern California roots.

Alto, an alternative asset platform that enables individuals to invest in alternative assets using retirement funds, announced a new investment opportunity with SignalRank, the first private markets index made up of preferred Series B shares in high-growth venture-backed companies.

National Resilience - a technology-focused biomanufacturing company dedicated to broadening access to complex medicines - announced that its subsidiary Resilience Government Services has been awarded nearly $17.5 million in new funding from the Administration for Strategic Preparedness and Response’s (ASPR) Center for Industrial Base Management and Supply Chain (IBMSC) - part of the U.S. Department of Health and Human Services to support the domestic production of key starting materials and active pharmaceutical ingredients for essential medicines.

Paren—a software platform powering electric mobility with unified data insights—announced that it has raised $3 million in its first financing round. Base10 Partners led the funding round. Founders Network Fund and Luc Vincent (founder of Google Street View and Lyft 5) also participated in the round. Paren will use the funding to scale its current data platform and build new services.

Nuclear power plant company Blue Energy announced it emerged from stealth with a $45 million Series A fundraise co-led by Engine Ventures and At One Ventures, with investment from Angular Ventures, Tamarack Global, Propeller Ventures, Starlight Ventures, and Nucleation Capital. And Blue Energy also introduced its modular nuclear power plant that can be centrally manufactured in existing shipyards.

3Laws, a leader in dynamic safety solutions for autonomous systems, announced it has secured $4.1 million in seed funding. TenOneTen led the round, which included the Amazon Industrial Innovation Fund. All pre-seed investors have chosen to maintain or increase their ownership.

GMA Consulting announced the launch of GMA Capital (GMAC), a new boutique investment banking affiliate focused on providing capital markets solutions and financial advisory services to clients across the gaming and hospitality space. And this strategic expansion marks a significant milestone in the company's growth and commitment to providing comprehensive services to its clients.

Kings Group Ventures (KGV), a Dubai-based strategic investment firm, announced an investment in Way Media (WM), a South African company. The funds from this investment will be used to expand Way Media's facilities in South Africa and further develop its international presence.

With a goal of creating a wave of comeback stories and transforming the recovery landscape, Empathy Health Technologies has raised about $2.8 million in seed funding to expand the impact of its digital health app, Sober Sidekick.

Peregrine Energy Solutions (an integrated multi-technology clean energy platform with a focus on utility-scale energy storage) and global investment firm KKR announced that Peregrine has closed on a credit facility from insurance accounts managed by KKR that can provide financing for up to $250 million in assets.

Advantage Capital announced that it has committed to offering a $137 million investment to Sabanci Renewables, a North American subsidiary of Sabanci Holding, to complete the financing of its Oriana Solar Project. Located about 120 miles southeast of San Antonio, Texas, in Victoria County, Oriana is a 232 MWdc utility-scale solar project currently under construction.

Digital banking company Plumery announced it raised $3.3 million in additional funding from early-stage investor DN Capital and Fontes, managed by leading global VC firm QED Investors. This latest funding round brings Plumery’s total funding to $7.8 million, and is in preparation for a larger Series A round in 2025.

Sepion Technologies - a leader in battery materials innovation - announced plans to build a cutting-edge lithium-ion battery separator manufacturing facility in the Capitol Innovation District, a 1 million square foot advanced biomanufacturing innovation district in the heart of West Sacramento. With a $17.5 million grant from CALSTART and the California Energy Commission’s PowerForward: ZEV Battery Manufacturing Grant Program, the facility will address critical supply chain gaps and bolster the domestic battery workforce — crucial for national security and the clean energy transition.

Integrated Biosciences, a biotechnology company pioneering the use of synthetic biology and machine learning to develop next-generation therapeutics for age-related diseases, announced that it has closed a $17.2 million seed financing, led by Sutter Hill Ventures with participation from Root Ventures, Civilization Ventures, Illumina Ventures Labs, Lifespan Vision Ventures, Overlap Holdings, SH Fund (Sabrina Hahn), Conscience VC, Mission BioCapital, Reinforced Ventures, Polymath Capital, Michael Stoppelman, and Vijay Pandurangan. The company also revealed that Keith Loebner, Ph.D. has been appointed to the company’s Board of Directors and that Karl Sylvester, M.D., Uri Alon, Ph.D., and Wendy B. Young, Ph.D. have been appointed as advisors to the company.

AirOps, a company helping marketers build and scale AI growth workflows, announced it has raised $15.5 million in Series A funding. The funding round was led by Unusual VC, with participation from Wing VC, Founder Collective, XFund, Alt Capital, Lauryn Motamedi, David Rogier, and JD Ross.

SER is a leader and pioneer in the enterprise content management (ECM) and content services market. Pulse 2.0 interviewed SER Group CEO Dr. John Bates about the company.

Booksie is a free online writing service that offers tools for writers to publish their work and connect with readers from across the world. Pulse 2.0 interviewed Booksie founder Sol Nasisi to learn more about the company.

Impel is a vertical AI company that is transforming automotive retailing. And the company’s automotive AI platform is used by thousands of automotive OEMs, dealers and third party marketplaces in more than 50 countries. Pulse 2.0 interviewed Impel CEO and co-founder Devin Daly to learn more about the company.

Arch is a company that solves many of the problems facing active Investors / LPs: collecting K-1s; logging into the various web portals; and tracking performance, cash flows, and metrics across their investments. Pulse 2.0 interviewed Arch co-founder and CEO Ryan Eisenman to learn more about the company.

Braintrust is the first decentralized Web3 talent network that connects tech freelancers with the world's leading brands. The company recently announced a patented AI job recruiter platform called AIR, which is the largest web3 talent network - which is being used by clients like Nestle, Goldman Sachs, and Guardian Life. Pulse 2.0 interviewed Braintrust founder and CEO Adam Jackson to learn more about the company.

Cell Phones For Soldiers is a nonprofit organization that provides free communication services and emergency funding to active-duty and veteran military personnel. So far, Cell Phones for Soldiers has recycled 25 million phones to help the many veterans who lack the resources or access they need. Pulse 2.0 interviewed Cell Phones For Soldiers co-founder and director Rob Bergquist to learn more about the nonprofit.

Submer announced an investment round of $55.5 million, led by M&G, a leading investment company with £346.1 billion assets under management as of June 2024. The funding comes from its £5 billion purpose-led Catalyst strategy. Among existing investors, Planet First Partners and Norrsken VC reinvested alongside M&G and, together with Mundi Ventures, reaffirmed their support as strong backers of Submer’s strong financial position and growth potential.

The University of Alabama at Birmingham startup company Endomimetics has received a $2.8 million Small Business Innovation Research Phase II grant from the National Institute of Neurological Disorders and Stroke.

Bubble, a leading no-code platform for application development, announced the acquisition of Flusk, an innovative security and application monitoring tool. This partnership will enhance Bubble's security features, making it easier for users of all technical levels to implement cybersecurity best practices as they build and scale their businesses.