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Sinch Advances Mailgun Product Suite

By Amit Chowdhry ● Oct 25, 2023

Sinch - a company that powers meaningful conversations between businesses and their customers through its Customer Communications Cloud - announced that Mailgun Optimize, the first deliverability solution built on an email-sending platform, and Mailgun Validate, the fastest and most accurate address verification solution, are now part of the Sinch Mailgun product suite.

How Sirion Is Working With IBM To Advance Enterprise Contract Management

By Amit Chowdhry ● Oct 25, 2023

Sirion - a leader in AI-powered contract lifecycle management (CLM) - recently announced a collaboration to embed IBM watsonx to redefine CLM for enterprises. As the first adopter of this combined offering, IBM is also deploying Sirion CLM to help streamline its own order-to-cash (O2C) and source-to-pay (S2P) processes.

Cosmos Innovation: $19.7 Million Raised To Build Next-Generation Perovskite Silicon Tandem Solar Cell Technology

By Amit Chowdhry ● Oct 25, 2023

Cosmos Innovation - an AI-first company building next-generation perovskite silicon tandem (PST) solar cell technology - recently announced $19.7 million in total funding. The funding will support the company's fundamentally different approach to developing perovskite silicon tandem solar cell technology.

TA Realty: Oversubscribed $1.8 Billion Value-Add Fund Closed

By Amit Chowdhry ● Oct 25, 2023

TA Realty - a provider of real estate investment management services to U.S. and non-U.S. institutional investors - recently announced the final close of TA Realty Value-Add Fund XIII (Fund XIII), which was oversubscribed with total equity commitments of approximately $1.8 billion.

CARI Health Receives $2.8 Million Grant To Enhance Remote Medication Monitoring

By Amit Chowdhry ● Oct 25, 2023

Digital health startup CARI Health was recently awarded an SBIR Fast Track grant from the National Institute on Drug Abuse (NIDA), an agency of the National Institutes of Health (NIH), to help it market the world’s first wearable medication monitor. And CARI Health is eligible for up to $2.8 million over three years as project milestones are completed within Phase I and Phase II portions of the grant.

Veriten: Inaugural Energy Investment Fund Closed At $85 Million

By Amit Chowdhry ● Oct 25, 2023

Veriten - an energy research, investing, and strategy firm - recently announced the closing of its debut fund NexTen LP, with $85 million in committed capital. And the NexTen fund is highly complementary to Veriten’s mission of identifying and advancing reliable, sustainable, scalable, and economically viable solutions with minimal environmental impact in a constantly evolving and volatile energy landscape.

Lendbuzz: $235 Million Asset-Backed Securitization Completed

By Dan Anderson ● Oct 25, 2023

Lendbuzz - a fintech company utilizing AI to provide auto loans to a broad spectrum of borrowers - recently announced that it has closed a $235 million securitization collateralized by a pool of retail automobile contracts made to obligors and secured by new and used automobiles, light duty trucks, and vans.

flyExclusive: $30 Million Investment Received From State Of North Carolina

By Annie Baker ● Oct 25, 2023

flyExclusive - a leading provider of premium private jet charter experiences - recently announced that Global Transpark secured a $30 million investment from the State of North Carolina for a cutting-edge pilot training center and headquarters. This new facility is designed as a five-story complex containing up to five full-motion flight simulators. This enables the company to train and certify its pilots and reduce a lengthy backlog in the nation’s pilot training pipeline.

Compliance Risk: $3.5 Million Raised From Bellini Capital

By Noah Long ● Oct 25, 2023

Compliance Risk - the only Governance-as-a-Service solution created by MSPs for MSPs - recently announced it received a $3.5 million investment from Bellini Capital and will rebrand to Compliance Scorecard.

BankTech Ventures: $13.5 Million Invested In Six Fintech Companies

By Annie Baker ● Oct 25, 2023

BankTech Ventures - a strategic investment fund focused on enhancing community banks - recently announced its continued commitment to community banks’ more vibrant futures with a total investment of $13.5 million in six fintech companies in the second half of this year. And BankTech has invested more than $40 million in companies specifically selected due to their work with community banks. The new investments are focused on helping community banks in revenue, deposit growth, security, compliance, data analysis, and customer marketing.

University Of Alberta: New Fund Launched To Invest In Startups

By Amit Chowdhry ● Oct 25, 2023

The University of Alberta recently launched a new fund to invest in startup ventures to solve the world's complex challenges and diversify Alberta’s economy, providing much-needed funding and more support for innovators and entrepreneurs. And the University of Alberta Innovation Fund - which private donors and public partners support - will work with startups to mobilize the university’s research expertise, innovation, and creativity.

Butler University, gener8tor, And TechPoint Unveil Education And Workforce Innovation Accelerator

By Annie Baker ● Oct 25, 2023

Five startup companies will receive $100,000 each thanks to a new accelerator program focused on transforming education and workforce learning, especially with advanced technology. And this funding will be provided through a new partnership between Butler University, gener8tor (a global venture firm that operates accelerator programs), and TechPoint.

FieldPulse: Field Service Management Platform Company Raises $21 Million Series B

By Amit Chowdhry ● Oct 25, 2023

FieldPulse - a leading software provider in the ﬁeld service industry - recently announced a $21 million Series B funding round led by Fulcrum Equity Partners. The round included continued participation from current investors, Capri Ventures and Superseed Ventures.

Adlumin: Security Operations Platform Raises $70 Million

By Amit Chowdhry ● Oct 24, 2023

Adlumin - a security operations platform and managed detection and response (MDR) provider keeping mid-market organizations secure - recently announced that it closed $70 million in Series B funding led by SYN Ventures, with participation from First In Ventures, Washington Harbour Partners, and BankTech Ventures. This funding round brings the company’s total raised since inception to $83 million.

Island: $100 Million Raised At $1.5 Billion Valuation To Advance Enterprise Browser Market

By Amit Chowdhry ● Oct 24, 2023

Island - a pioneer and leader in the enterprise browser market - recently announced that it has raised $100 million in its Series C financing round, which values Island at $1.5 billion. The round was led by Prysm Capital and joined by Canapi Ventures and Island’s current funding partners Insight Partners, Stripes, Sequoia, Cyberstarts, and Georgian. This latest funding round brings Island’s total outside investment to over $325 million.

Ternary: Multicloud Spend Management Company Closes $12 Million

By Dan Anderson ● Oct 24, 2023

Following a year that saw over 300% growth in a customer base that includes the world’s largest enterprises and MSPs, multi-cloud spend management platform company Ternary announced today that it has closed a $12 million Series A funding round to expand its FinOps-native platform, which enables finance, engineering, and cloud operations at scale. This funding round was led by Jump Capital, with continued support from existing investors Fin Capital, RiverPark Ventures, Great Oaks Venture Capital, and Gaingels. Ternary welcomes Jump Capital’s Saaya Nath and Fin Capital’s Logan Allin to its board of directors.

Signos: Metabolic Health Platform Raises $20 Million In Series B

By Annie Baker ● Oct 24, 2023

Signos - a comprehensive metabolic health platform that includes a proprietary AI engine with a continuous glucose monitor (CGM) to provide real-time data and recommendations for healthy weight management - recently announced $20 million in Series B funding to respond to the obesity and metabolic health crisis plaguing the US. This new funding round will enable Signos to expand its core team and platform and conduct additional research on metabolic health. The round was led by Cheyenne Ventures and GV (Google Ventures), with additional funding from Dexcom Ventures and Samsung Next.

Rampart Bioscience: $85 Million Closed To Develop Next-Generation Biologics

By Amit Chowdhry ● Oct 24, 2023

Rampart Bioscience - a biotechnology company developing next-generation biologics - recently announced an $85 million Series A financing to create medicines to unburden patients from disease and their treatments. And the new funding builds on an initial $40 million seed investment from OrbiMed. Rampart’s proprietary DNA-based medicines platform (called HALO) was inspired and developed using natural cues to overcome the key limitations and safety concerns of viral and early non-viral gene approaches.

Eden: Sustainable Natural Resource Recovery Company Closes $12 Million In Seed Funding

By Annie Baker ● Oct 24, 2023

Eden - a leader in sustainable natural resource recovery - recently announced that it has closed an oversubscribed $12 million seed funding round. And the company has raised $21.3 million to date, including $9.2 million in non-dilutive grants.

Aiolos Bio: $245 Million Raised To Address Treatment Needs For Patients With Respiratory And Inflammatory Conditions

By Amit Chowdhry ● Oct 24, 2023

Aiolos Bio recently announced its launch as a clinical-stage biopharmaceutical company focused on addressing the unmet treatment needs of patients with respiratory and inflammatory conditions. And Aiolos launched with an oversubscribed $245 million Series A investment co-led by Atlas Venture, Bain Capital Life Sciences, Forbion, and Sofinnova Investments with additional investment from RA Capital Management. The company will also advance its lead drug candidate AIO-001 into a Phase 2 clinical trial in moderate-to-severe asthma patients and is actively evaluating additional development opportunities.

Feinstein Institutes Granted $6.1 Million For Funding Bipolar Disorder Patient And Research Hub

By Noah Long ● Oct 24, 2023

The researchers at The Feinstein Institutes for Medical Research received a $6.1 million grant from Breakthrough Discoveries for Thriving with Bipolar Disorders Foundation (BD2) to serve as a hub of six other sites across the country. And each site will evaluate patients and collectively offer the best treatment and clinical trial options using cutting-edge biotechnology, big data analytics and an unprecedented data ecosystem to address bipolar disorder in an innovative, equitable, and rigorous way.

Gridiron Capital: Fifth Fund Closed Above Target At $2.1 Billion

By Amit Chowdhry ● Oct 24, 2023

Gridiron Capital - an investment firm focused on partnering with founders, entrepreneurs, and management teams - recently announced the closing of Gridiron Capital Fund V and its affiliated funds at $2.1 billion, which exceeded its target of $1.8 billion and represents an increase in fund size of 56% over the prior fund Gridiron IV.

DermBiont: $35.2 Million Closed To Accelerate First-In-Class Targeted Topical Dermatological Therapeutics

By Annie Baker ● Oct 24, 2023

DermBiont - a clinical-stage biotechnology company advancing targeted topical therapeutics for the treatment of dermatological indications - recently announced a $35.2 million Series B financing, including a $27.1 million Series B first close and $8.1 million in converting outstanding notes.

Credit Genie: Digital Personal Finance Platform Company Banks $10 Million

By Dan Anderson ● Oct 24, 2023

Creditly Corp., dba Credit Genie - a leading digital personal finance platform that has served more than one million Americans - recently announced the successful completion of an additional funding round, securing $10 million in funding, bringing its total financing to $21 million. The funding round was led by Khosla Ventures, with participation from Tippet Ventures. With the new funding round, Credit Genie will expand its product line and hire top talent to scale its innovative approach to behavioral finance, budgeting, and cash/credit management.

Spec: Cybersecurity Company Secures $15 Million To Innovate Fraud Defense

By Annie Baker ● Oct 24, 2023

Spec - a leading cybersecurity firm specializing in advanced fraud detection and defense - recently announced the closing of its $15 million Series A funding round, marking a significant milestone in the company's journey. This funding round was led by SignalFire, with participation from Legion Capital and Rally Ventures.

Transfix: Intelligent Freight Platform Lands $40 Million In Funding

By Dan Anderson ● Oct 24, 2023

Intelligent Freight Platform Transfix recently announced the closing of its Series F funding round, led by New Enterprise Associates (NEA) and G Squared, with participation from Canvas.

Skipify: Fintech Company Raises Funding From Samsung

By Noah Long ● Oct 24, 2023

Fintech company Skipify recently announced a strategic investment from Samsung Next, an investment group within Samsung Electronics. This investment signals Skipify's commitment to continue improving online and in-store shopper purchasing experiences.

Position Imaging: Advanced Location Tracking Company Closes $30 Million

By Annie Baker ● Oct 24, 2023

Position Imaging - a developer of some of the world's most advanced location tracking technologies - recently announced that it has raised $30 million via intellectual property (IP)-based debt financing. The funding round was provided by GT Investment Partners and facilitated by insurance and valuation services provided by Aon. The financing will help drive Position Imaging’s growth into the retail, hospitality, and travel markets while expanding into the EU with its global partner network.

SecureW2 Receives Investment From Insight Partners

By Noah Long ● Oct 24, 2023

SecureW2 - a comprehensive zero-trust passwordless security software provider - recently announced an $80 million investment from global software investor Insight Partners. This investment will accelerate market expansion, attract talent, and further drive the development and enhancement of the company's passwordless zero-trust security platform.

Petfolk: Modern Veterinary Care Company Closes $40 Million

By Annie Baker ● Oct 24, 2023

Petfolk - a modern veterinary care company providing best-in-class service to pets, pet owners, and veterinarians through a connected care community - recently announced a $40 million Series B. These are the details.