Archives

Axial Shift: Restaurant Operations Software Provider Company Raises $4 Million

By Noah Long ● Oct 5, 2023

Axial Shift - a restaurant operations software provider that is transforming the restaurant industry by providing all-staff level data access and team member competitions and rewards, recently announced a new partnership and $4 million in seed funding from Silverton Partners.

Avalyn: Targeted Inhalation Therapy Company Raises $175 Million

By Noah Long ● Oct 5, 2023

Avalyn Pharma - a clinical-stage biopharmaceutical company focused on developing targeted inhalation therapies for life-threatening pulmonary diseases - announced the closing of an oversubscribed $175 million Series C financing. Avalyn plans to use the funding to continue the development of its portfolio of inhalation therapies for interstitial lung disease that improve upon currently approved medications and advance lead clinical assets AP01 (inhaled pirfenidone) and AP02 (inhaled nintedanib) into mid-stage clinical trials.

Doceree: Physician-Only Platform For Programmatic Messaging Secures $35 Million

By Annie Baker ● Oct 5, 2023

Doceree - a leading global network of physician-only platforms for programmatic messaging - recently announced a $35 million Series B round led by Creaegis, the leading digital and technology investment firm. Existing investors Eight Roads Ventures and F-Prime Capital also joined the round.

Passage: Event Ticketing Company Hits 8 Million Tickets Told

By Amit Chowdhry ● Oct 5, 2023

Passage - a cutting-edge event ticketing company launched in Detroit in 2014 - recently announced it has sold 8 million tickets, with customers in all 50 US states and as far afield as Australia and Canada. Last year, the company powered over $40 million in ticket sales across 3,327 events and generated $2.8 million in revenue.

Boisson: Non-Alcoholic Beverage Retailer Reveals New Funding Round And CEO

By Amit Chowdhry ● Oct 5, 2023

Boisson - the largest non-alcoholic beverage retailer - recently announced the appointment of Sheetal Aiyer as CEO. In a parallel path, the brand has revealed that it has received funding in a $5 million bridge round from Convivialité Ventures, the VC arm of Pernod Ricard, and Connect Ventures, the investment partnership between entertainment and sports agency Creative Artists Agency (CAA) and global venture capital firm New Enterprise Associates (NEA).

Nord Security: Valuation Doubles With $100 Million Funding Round

By Amit Chowdhry ● Oct 5, 2023

Nord Security - a global leader in internet privacy and security solutions - recently announced a $100 million funding round from Warburg Pincus, a leading international growth investor. The existing investors participating in the round include Novator Ventures and Burda Principal Investments.

Canvs AI: $15 Million Raised To Advance Consumer And Employee Feedback Platform

By Amit Chowdhry ● Oct 5, 2023

Canvs AI - a leading insights platform built to unlock consumer and employee feedback - recently announced that it has successfully raised $15 million in funding led by Fulcrum Equity Partners. Strategic investor Engage (an innovative corporate venture initiative from category-leading corporations like Coca-Cola, Delta Air Lines, Cox Enterprises, Inspire Brands, and The Home Depot) also participated in the round.

Gritstone bio Receives BARDA Contract Valued At Up To $433 Million

By Amit Chowdhry ● Oct 5, 2023

Gritstone bio - a clinical-stage biotechnology company working to develop the world’s most potent vaccines - recently announced that it was awarded a contract by the Biomedical Advanced Research and Development Authority (BARDA) to conduct a Phase 2b comparative study evaluating Gritstone’s self-amplifying mRNA (samRNA) vaccine candidate containing Spike plus other viral targets to protect against COVID-19.

How Fairmarkit Is Utilizing Generative AI For Simplifying Strategic Sourcing

By Amit Chowdhry ● Oct 5, 2023

Fairmarkit - an autonomous sourcing solution transforming the procurement of goods and services for enterprises - recently announced the launch of a new generative AI-powered tool that automates the process from intake to sourcing, thus saving an immense amount of time for enterprise procurement teams and unlocking a seamless end-user experience for buyers, suppliers, and business requesters.

Aug X Labs: $3.1 Million Raised To Democratize Commercial Video Production for Businesses And Consumers

By Amit Chowdhry ● Oct 5, 2023

Aug X Labs - a company dedicated to democratizing video creation through AI technologies - recently announced it has secured an over-subscribed seed funding round of $3.1 million. The funding round will be used to hire and retain staff, continue core technology development, and expand customer acquisition efforts for the flagship Augie product as it exits beta later this year.

Scentian Bio: Biosensor Platform Company Secures $2.1 Million In Seed Funding Round

By Amit Chowdhry ● Oct 5, 2023

Scentian Bio - a biosensor platform innovator unlocking the power of insect-level smell and taste sensitivity - recently announced the closing of its $2.1 million seed round led by Finistere Ventures and Toyota Ventures, with participation from Icehouse Ventures and Our Crowd, etc.

Pexapark: Renewable Energy Intelligence Company Raises $21 Million

By Amit Chowdhry ● Oct 5, 2023

Pexapark - a specialist provider of Power Purchase Agreement (PPA) price reference, risk and portfolio management software, and advisory services for renewable energy - recently announced that it has secured $21 million in Series C funding to underpin its rapid growth in the global renewable energy markets.

Aampe: AI-Native User Engagement Platform Raises $7.5 Million

By Amit Chowdhry ● Oct 5, 2023

Aampe - an AI-native user engagement platform - announced today that it raised a $7.5 million Pre-Series A funding round led by Matrix Partners India and Peak XV Partners (formerly Sequoia Capital India & SEA).

Lucid Scientific: Life Science Instruments Company Secures $7 Million

By Noah Long ● Oct 5, 2023

Lucid Scientific - a life science instruments company that manufactures Resipher - recently announced the completion of a $7 million Series A financing led by IAG Capital Partners. Additional participants include Lucid’s original investor base, the Georgia Research Alliance’s Venture Fund, and Dynamk Capital, bringing Lucid’s total funding to approximately $13 million.

UserEvidence: Customer Voice Platform Company Secures $9 Million

By Noah Long ● Oct 5, 2023

UserEvidence - a customer voice platform for B2B go-to-market (GTM) teams - recently announced $9 million in Series A funding led by Crosslink Capital with participation from Founder Collective, Afore and Next Frontier Capital, bringing the total funding to $14 million.

Vali Cyber: Linux Cybersecurity Solutions Provider Company Closes $15 Million

By Annie Baker ● Oct 5, 2023

Vali Cyber - a next-generation provider of Linux cybersecurity solutions - recently announced the successful completion of its seed funding round, raising $15 million.

VDO.AI Launches Dexter To Redefine Brand Engagement

By Amit Chowdhry ● Oct 4, 2023

VDO.AI - a leader in the advertising tech industry recently unveiled Dexter, a creative feature poised to redefine brand engagement by harnessing the power of innovative Generative AI algorithms. Dexter was designed to change how brands connect with their audiences.

Zerobroker: Logistics Technology Platform Company Closes $6.5 Million

By Amit Chowdhry ● Oct 4, 2023

Logistics technology company Zerorboker recently announced that it has raised a $6.5 million seed round from Flexport, FundersClub, Streamlined Ventures, etc.

How Hitachi Is Helping Organizations Achieve Critical Environment And Decarbonization Goals

By Amit Chowdhry ● Oct 4, 2023

Hitachi Vantara - the modern infrastructure, data management, and digital solutions subsidiary of Hitachi - recently announced new Sustainability Solutions and Services to aid organizations in achieving critical environmental and decarbonization goals.

StretchDollar: $1.6 Million Secured To Enable Small Employers To Provide Pre-Tax Funding For Employee-Owned Health Insurance

By Amit Chowdhry ● Oct 4, 2023

StretchDollar - a startup that enables small employers to provide pre-tax funding to employee-owned health insurance - recently announced the completion of a pre-seed funding round that raised $1.6 million from Precursor Ventures, Elefund, v1vc, Kindergarten Ventures, and Westerly Ventures.

QT Medical: Cardiac Care Technology Company Raises $12 Million

By Noah Long ● Oct 4, 2023

QT Medical - a medtech company focused on cardiac care technology - recently announced that it raised $12 million in Series B financing.

Pontoro: $4.6 Million Closed To Unlock Better Access To Institutional-Grade Private Market Real Assets

By Noah Long ● Oct 4, 2023

Pontoro - a financial technology company creating a proprietary and structurally differentiated platform intended to unlock greater access to institutional-grade private market real assets - recently announced the completion of a $4.6 million Seed II funding round led by Ulu Ventures, with participation from Illuminate Financial, Nevcaut Ventures, W11 Capital, and more.

Paine Schwartz Partners: $1.7 Billion Food And Agribusiness-Focused Fund VI Closed

By Amit Chowdhry ● Oct 4, 2023

Paine Schwartz Partners - a global leader in sustainable food chain investing - recently announced the final closing of Paine Schwartz Food Chain Fund VI, L.P. (Fund VI) at $1.7 billion of total capital commitments.

Kolena: AI And Machine Learning Model Testing Company Closes $21 Million In Funding

By Noah Long ● Oct 4, 2023

Kolena - a pioneering leader in AI and machine learning model testing - recently announced that it has successfully secured $15 million in a Series A funding round led by Lobby Capital, bringing total funding to $21 million.

Savoy Life: Virtual Care Coordination Company Secures $3 Million In Pre-Seed Funding

By Amit Chowdhry ● Oct 4, 2023

Red Cell Partners - an incubation firm building rapidly scalable technology-led companies that are bringing revolutionary advancements to market in national security and healthcare - recently announced $3 million in pre-seed funding for Savoy Life, a virtual care coordination and delivery platform created to improve care quality and access for seniors and adults with disabilities living in residential community care facilities.

Erudit: $10 Million Raised To Provide Leaders With Real-Time Workforce Insights To Drive Better Decision-Making

By Amit Chowdhry ● Oct 4, 2023

Erudit - a global AI company that helps leaders improve culture and productivity - recently announced its $10 million Series A round led by Conexo Ventures, Athos Capital, Ignia Partners, True Blue Partners, and Fondo Bolsa Social. This funding round drives Erudit's workforce intelligence technology development and revenue growth.

Why Prologis Is Investing In TestFit

By Amit Chowdhry ● Oct 4, 2023

Prologis - a global leader in logistics real estate - recently announced that it has deployed TestFit’s real-time AI to help them better judge the feasibility of new warehouse sites. Prologis Ventures co-led in the Series A round with Parkway Venture Capital, which closed in June 2022 and additional investor Perot Jain.

Newegg Now Offers A Graphics Card Trade-In Program

By Amit Chowdhry ● Oct 4, 2023

Newegg Commerce - a global e-commerce leader for technology products - recently announced the launch of Newegg’s GPU Trade-In program, enabling customers to trade in an eligible GPU device and receive a trade-in value credit toward the purchase of a new qualifying graphics card, also known as a graphics processing unit (GPU).

Crediverso: Educational Legal And Financial Resources Company Closes $3.5 Million

By Dan Anderson ● Oct 4, 2023

Crediverso - a Spanish and English language consumer technology company focused on providing financial and educational resources to underserved communities - recently announced that it has raised $3.5 million in a pre-series A funding round to provide these communities with access to legal resources. This funding round included distinguished investors such as Torch Capital and Gaingels, with continued participation from earlier investors Bessemer Venture Partners and Act One Ventures, bringing Crediverso’s total funding to $6.6 million.

AYRO: Maritime Transport Decarbonation Company Closes €19 Million

By Amit Chowdhry ● Oct 4, 2023

AYRO - the designer and manufacturer of the OceanWings wingsail solution for cargo ships and yachts - recently announced the closing of a €19.2 million ($21 million) Series B round led by Blue Ocean, managed by SWEN Capital Partners, which brings the total funding to over €30 million.