Archives

aPriori: Growth Investment Raised From Vista Credit Partners

By Noah Long ● Oct 24, 2023

aPriori recently announced a growth investment from Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic financing partner focused on the enterprise software, data, and technology markets. And the funding will be used to support continued innovation and meet growing demand for aPriori’s cloud-based solution, which empowers manufacturers and product designers to accurately estimate, manage, and optimize production costs and sustainability.

Workstorm: Series A Funding Round Raised At $200 Million Valuation

By Annie Baker ● Oct 24, 2023

Workstorm - a leading provider of secure collaboration solutions - recently announced it has closed its Series A round, valuing the company at $200 million. The funding participants include Author Capital Partners and Chicago-based high-net-worth investors. And the funding will be used for accelerating product development, expand its customer base, and support the growth of its sales and engineering teams.

SwingVision: $6 Million Closed To Democratize The Professional Sports Experience

By Noah Long ● Oct 24, 2023

SwingVision - a company on a mission to democratize the professional sports experience for athletes of all levels - recently announced a $6 million Series A financing round led by Authentic Ventures, along with pro tennis stars Lindsay Davenport, Alison Riske and Rohan Bopanna, Youssef Es-skouri of Dropbox, and Glenn Solomon of GGV Capital. This new funding round will unlock critical hires to build tournament-grade officiating and remote coaching capabilities into the platform and to expand beyond tennis into pickleball and padel.

Gardenuity: $5.5 Million Secured To Bring Gardening Benefits To Companies And People

By Annie Baker ● Oct 24, 2023

Gardenuity – the first and only curated platform bringing gardening and its wellness benefits to companies and consumers – recently announced $5.5 million in seed funding. This milestone round was led by Michael Mann of Anchor Capital and Alan Shor of Retail Connection, with participation from industry-leading investors, including Bonnie Plants, Deason Capital, Ross Jones from Berkshire Partners, JFO Group, Revtech Ventures, Gray's Creek Capital and North Texas Angel Network, with other individuals including Ram Velidi, Ann Berry, Jon Ledecky, Raj Shah, etc.

RevRoad Capital: $61 Million Closed For First Fund

By Noah Long ● Oct 24, 2023

RevRoad Capital (RRC) - a seed-stage venture fund designed to scale founders faster - recently announced a $61 million final close of its first fund, which marks the largest debut early stage venture fundraise in Utah state history and the fourth largest debut in the mountain region (Pitchbook).

Pfingsten: Oversubscribed Fund VI Closed At $435 Million

By Annie Baker ● Oct 24, 2023

Pfingsten recently announced the closing of its sixth investment fund, Pfingsten Fund VI, with total capital commitments of $435 million, surpassing its $350 million target. And Fund VI secured limited partner commitments from a diversified global investor base of family offices, endowments, foundations, consultants, asset managers, insurance companies, and high-net-worth individuals, including 25 former portfolio company executives and family-founder partners.

KKR: Third Tech Growth Fund Closed At Nearly $3 Billion

By Amit Chowdhry ● Oct 24, 2023

KKR recently announced the final close of KKR Next Generation Technology Growth Fund III (NGT III), an approximately $3 billion fund focused on investing in leading growth technology companies across North America, Europe and Israel. And NGT III is the successor to the firm’s NGT I and NGT II growth funds. Plus, it continues KKR’s strategy of supporting high-growth technology companies by providing equity capital and access to the firm’s global capabilities and network.

Forge: Video Game Platform Company Raises $11 Million In Seed Funding

By Annie Baker ● Oct 24, 2023

Forge - the first video game platform that connects and rewards gamers for their gaming achievements and ongoing play - recently opened to players in beta, and the company also announced a $11 million seed funding round, led by Makers Fund, BITKRAFT Ventures, and Animoca Brands, with participation from Hashkey Capital, Polygon Ventures, Formless Capital and Adaverse.

EarthGrid PBC: Plasma Boring Technology Company Raises $30 Million

By Annie Baker ● Oct 24, 2023

EarthGrid Public Benefit Corporation (EarthGrid PBC) - a plasma boring technology and infrastructure development company - recently announced it has raised $30 million at the close of its seed funding, doubling the investment goal of $15 million. This brings the total equity raised by EarthGrid to about $50 million since its inception in 2016.

CIONIC: Bionic Clothing Company Closes $12 Million In Funding

By Noah Long ● Oct 24, 2023

CIONIC - a pioneering neurotech company that created the FDA-cleared Cionic Neural Sleeve - recently announced an additional $12 million extension of its Series A financing, bringing the Series A total to $25 million. The funding round was led by L Catterton, a leading consumer-focused investment firm, and joined by an additional new investor, THVC, and all major investors. And CIONIC has also partnered with Enable Ventures, the first impact venture fund dedicated to closing the disability wealth gap while achieving competitive and market-rate returns. As part of L Catterton’s investment, Venture Partner and experienced entrepreneur Whitney Casey joined CIONIC’s Board of Directors.

Primus Capital Makes Strategic Growth Investment In BioProcure And Prendio

By Annie Baker ● Oct 24, 2023

Prendio - a leading provider of cloud-based (Software-as-a-Service) eProcurement software and supplier marketplace solutions for life sciences, and sister company BioProcure, the leader in procure-to-pay support services for biotech - recently announced a significant growth equity investment from Primus Capital. The investment from Primus will support continued organic growth, expansion into additional life sciences markets, and further innovation and product development.

Anyplace: $10.27 Million Raised For Providing Remote Work-Friendly Accommodations

By Annie Baker ● Oct 24, 2023

Anyplace - a short-term rental company specializing in remote work-friendly accommodations complete with high-speed internet and efficient office setups - recently announced a $10.27 million Series B funding round. About $8.27 million was raised as equity, while a strategic $2 million in debt was secured from Silicon Valley Bank.

Nirvana Insurance: $57 Million Secured To Expand Commercial Insurance Platform

By Dan Anderson ● Oct 24, 2023

Nirvana Insurance - a provider of modern insurance for physical operations - recently announced a $57 million Series B funding round. Lightspeed Venture Partners reaffirmed its commitment to Nirvana by returning to lead the round, with additional participation from General Catalyst and Valor Equity Partners. This new funding round positions Nirvana to continue helping fleets utilize their IoT and sensor data to access insurance cost savings and customized risk management solutions.

VedaBio: Molecular Detection Company Raises Over $40 Million In Funding

By Annie Baker ● Oct 24, 2023

VedaBio - a biotechnology company focused on molecular detection - recently launched with over $40 million in funding backed by lead investor OMX Ventures and a select group of family offices, including Kleinmuntz Associates. VedaBio also unlocked the true power of CRISPR for molecular detection by developing the CRISPR Cascade, a revolutionary platform born from the intersection of engineering and biology.

Nova Credit: Data Analytics Company Closes $45 Million In Funding

By Dan Anderson ● Oct 24, 2023

Nova Credit - a data analytics company enabling businesses to grow responsibly by utilizing alternative credit data - recently announced it raised $45 million in Series C funding. This funding round helps Nova Credit to further broaden its product offering beyond cross-border credit reporting and scale Cash Atlas, the industry’s leading solution for cash flow underwriting and verification of income and employment. This expansion enables the company’s partners to grow within risk appetite by incorporating an expanded suite of open finance data pipelines, unique datasets, and category-defining analytics and compliance applications.

PDQ: Significant Investment Received From Berkshire Partners

By Annie Baker ● Oct 24, 2023

PDQ, a leading IT asset management software provider, recently announced a significant growth investment from Berkshire Partners. And Berkshire Partners with PDQ’s founders, executive management, and existing investor TA Associates (TA) will seek to bolster PDQ’s innovation capabilities as PDQ strategically expands its easier-to-use IT asset management and scanning software solutions portfolio. The financial terms of the transaction were not disclosed.

Nucleus RadioPharma Raises $56 Million To Advance Radiopharmaceutical Technology

By Dan Anderson ● Oct 24, 2023

Nucleus RadioPharma - the world’s first fully integrated development, manufacturing, and supply chain organization for radiopharmaceuticals - recently announced an oversubscribed $56 million Series A funding round led by Eclipse and GE HealthCare with participation from Echo Global, Fox Chase Cancer Center, Granger Management, Mayo Clinic, Mercy Health, and the University of Missouri. With this funding round, Nucleus RadioPharma will establish multiple new manufacturing facilities nationwide, including Rochester, Minnesota, near the Mayo Clinic, and build novel technology for developing, manufacturing, and distributing radiopharmaceuticals.

Society Brands: Consumer Products Company Secures $25 Million

By Amit Chowdhry ● Oct 24, 2023

Society Brands - a tech-enabled consumer products company built for and by founders - recently announced it has raised an additional $25 million of equity, most recently having secured $11 million in a funding round led by Gullane Capital, LLC, an investment firm focused on managing and advising pooled investment vehicles consisting of qualified individuals.

QuoteMachine: Sales Software Solutions Company Raises $3.7 Million

By Noah Long ● Oct 24, 2023

QuoteMachine - a leading retail software platform empowering retailers to scale their big-ticket sales and tailored sales experiences involving human interactions - recently announced the closing of $3.7 million in seed funding led by Manresa Ventures with additional investments from Clocktower Technology Ventures and Precursor Ventures.

Procurify: Intelligent Spend Management Platform Closes $50 Million In Funding

By Amit Chowdhry ● Oct 24, 2023

Procurify - a leading all-in-one spend management solution for mid-market organizations - recently announced it has raised $50 million USD in a Series C funding round led by Ten Coves Capital, with co-investment from Export Development Canada (EDC) and participation from existing investors, including Information Venture Partners and HarbourVest, etc.

Why Quext Is Buying Smart Building Tech Company Homebase

By Annie Baker ● Oct 24, 2023

Quext - a leading technology company for the multifamily industry - recently announced its acquisition of Homebase, an innovative building technology platform that drives connectivity and communication for multi-resident communities. This deal brings together two of the most innovative companies in the space, creating a single source for multifamily operators to get the best-in-class community and managed WiFi solutions their residents request.

Veruna: About $10 Million Raised To Help Insurance Agencies Drive Growth

By Noah Long ● Oct 24, 2023

Veruna - an all-in-one agency management system natively designed on Salesforce's leading CRM platform - recently announced a successful Series B funding round of about $10 million. The funding round was led by top-tier venture capitalists Berkley Ventures, Guidewire Software, the Institutes, and CoVerica Insurance.

Actym Therapeutics: $59.5 Million Raised To Treat Solid Tumors

By Annie Baker ● Oct 24, 2023

Actym Therapeutics - a company pioneering a new drug modality to treat solid tumors - recently announced it has extended its Series A financing round with an additional close of $25.5 million, bringing the total Series A amount raised to $59.5 million. The funding extension was co-led by existing investors Boehringer Ingelheim Venture Fund and Illumina Ventures. GKCC LLC joined the round with Actym's other current shareholders, Panacea Ventures and JLo Ventures.

Reality Defender: Deepfake And AI-Generated Media Detection Platform Company Secures $15 Million

By Annie Baker ● Oct 24, 2023

Reality Defender - a premier deepfake and AI-generated media detection platform - recently announced it has raised $15 Million in Series A funding. The funding round was led by DCVC, with participation from Comcast, ex/ante, Partnership Fund for New York City, Rackhouse Venture Capital, and Nat Friedman's AI Grant.

Scorability: $11 Million Raised To Improve College Athletics Recruiting

By Annie Baker ● Oct 24, 2023

Scorability - a platform for matching athletes with college athletics programs - recently announced it has raised $11 million in Series Seed funding. The funding round comes from Next Coast Ventures and Silverton Partners along with Scorability’s co-founders.

Parhelia Biosciences: Tissue Staining And Spatial Analysis Company Raises Series A

By Noah Long ● Oct 24, 2023

Parhelia Biosciences, the leader in sample preparation for tissue staining and spatial analysis - recently announced the successful completion of its Series A financing round. This milestone is a testament to the company's ongoing focus on providing a single modular solution for spatial biology sample preparation.

Stabili-Teeth: Full Mouth Restoration Solution Closes Seed Round

By Annie Baker ● Oct 24, 2023

Stabili-Teeth recently announced a significant organizational change and the successful closing of its seed funding round. These developments are a pivotal moment in the company's journey towards revolutionizing dental care and enhancing the lives of millions by making full-mouth dental restoration possible for patients suffering from terminal tooth loss at a fraction of the cost of alternatives in the market today.

Why Stax Payments Is Buying Atlantic-Pacific Processing Systems

By Noah Long ● Oct 24, 2023

Stax Payments - a leading payment technology provider - recently announced its acquisition of Atlantic-Pacific Processing Systems (APPS), creating an end-to-end and seamless payment processing platform. And the integration of APPS marks a significant expansion of Stax’s technology stack, giving partners and merchants flexible and customizable options for their payment processing needs on one cohesive platform.

Ventricle Health: Virtual Cardiology Clinic Company Closes $8 Million

By Dan Anderson ● Oct 24, 2023

Ventricle Health - a national virtual cardiology care network - recently announced $8 million in seed funding led by RA Capital Management alongside Waterline Ventures and other investors. This funding round will finance the expansion of Ventricle Health’s heart failure management therapeutic model in collaboration with value-based care provider groups and payers.

Yardstik Secures $12 Million To Advance Trust & Safety Platform

By Dan Anderson ● Oct 24, 2023

Yardstik - a Trust & Safety Platform built for helping high-volume hiring businesses safely hire, verify, and onboard workers at scale - recently announced it has raised an additional $12 million in its most recent round of funding. This expansion round is led by MissionOG with participation from existing investors Grotech Ventures, Rally Ventures, and Crosslink Capital.