Archives

Supply Change Capital: $40 Million In Funding Closed To Invest In The Future Of Food

By Amit Chowdhry ● Aug 3, 2023

Supply Change Capital - a venture capital firm that is focused on investing in the future of food - recently announced the closing of its inaugural $40 million Fund. As one of the largest Latina-led funds, the firm has deployed over $13 million across 15 early-stage food and agriculture technology companies since June 2021. The firm's investments include deep tech food, agriculture and ingredient companies, supply chain technology, and enterprise software. Latinx, Black, and/or Female Founder/CEOs comprise 80% of the portfolio.

Wisdom Ventures: Oversubscribed $10 Million Fund I Closed To Invest In Wellness Companies

By Amit Chowdhry ● Aug 3, 2023

Wisdom Ventures - an unconventional venture capital firm focused on promoting mindfulness, compassion, well-being, and human connection - recently successfully closed its inaugural Fund I with an oversubscribed raise of $10 million. And this achievement represents a significant milestone for Wisdom Ventures and demonstrates the interest in this opportunity-rich field and trust in its esteemed Limited Partners (LPs).

Angelo Gordon: $1 Billion Closed For Asset Based Specialty Private Credit Opportunities

By Amit Chowdhry ● Aug 3, 2023

Angelo Gordon - a $73 billion alternative investment firm focused on credit and real estate investing - recently announced the final close of the AG Asset Based Credit Fund, L.P. with over $1 billion of equity commitments, exceeding its $800 million target. And the fund received significant support from existing Angelo Gordon clients and new institutional investors attracted to the firm’s demonstrated ability to generate value through global private credit strategies.

Davidson Kempner Capital Management: $3 Billion Opportunities Fund VI Closes

By Amit Chowdhry ● Aug 3, 2023

Davidson Kempner Capital Management LP - a global investment management firm - recently announced that it has closed its Davidson Kempner Opportunities Fund VI (DK Opportunities Fund VI) with $3 billion in capital commitments.

Cosmic Wire: $30 Million Secured For Building Web3 And Blockchain Solutions

By Noah Long ● Aug 3, 2023

Cosmic Wire - a leading technology company innovating Web3 and blockchain solutions - recently announced the completion of their Series Seed round raising $30 million.

Portrait Analytics: $7 Million Closed To Ramp Up Generative AI Platform For Investment Research

By Dan Anderson ● Aug 3, 2023

Portrait Analytics, a developer of a generative AI platform for investment research and thesis creation, announced it had added $7 million in new funding. The funding round was led by Unusual Ventures, with participation from existing investor .406 Ventures and select hedge fund professionals. The investment brings Portrait's total capital raised to $10 million.

BusRight: $7 Million Raised To Advance Safe And Efficient School Bus Technology

By Annie Baker ● Aug 3, 2023

BusRight - a safe and efficient school bus technology provider - recently announced it had raised a $7 million Series A funding round led by Las Olas Venture Capital.

Colleen AI: $3.5 Million Raised To Optimize Rent And Debt Collections For Multifamily Properties

By Noah Long ● Aug 3, 2023

Colleen - an Artificial Intelligence (AI) platform optimizing payment collections for multifamily real estate business - recently announced that it has raised $3.5 million in Series Seed funding.

Bracket Capital: Third Flagship Fund Totaling $150 Million Launches

By Amit Chowdhry ● Aug 3, 2023

Bracket Capital - a global multi-asset investment manager focused on growth and later-stage, technology-enabled companies - recently announced the successful close of its third flagship funds Bracket Capital Fund III, LP, Bracket Capital Fund III-A, LP and related vehicles (collectively known as Fund III), totaling $150 million.

3D BioFibR: $3.52 Million Secured For Commercializing Premium Collagen Fiber Products

By Annie Baker ● Aug 3, 2023

3D BioFibR - a leading innovator in biomaterials for tissue engineering - recently announced it has raised over $3.52 million in seed financing. This financing will expand 3D BioFibR’s facilities to include a climate-controlled biomanufacturing cleanroom and bring its premium collagen fiber products to market.

Mayfield: $250 Million AI Start Seed Fund Launches

By Amit Chowdhry ● Aug 3, 2023

Mayfield - a top-tier early-stage venture capital firm - recently announced the $250 million AI Start (the first seed fund in its history) to partner with AI-first founders starting at Day Zero. And the firm also added Vijay Reddy, an AI-focused investor with a decade of successful seed-stage experience, as a dedicated AI Start Seed Fund partner.

Cleanlab: $5 Million Received To Automate Data Curation For LLMs

By Noah Long ● Aug 3, 2023

Cleanlab - an automated solution for boosting the accuracy of enterprise artificial intelligence (AI), LLM, and analytics solutions - recently announced its $5 million seed investment round led by Bain Capital Ventures. This flagship product, Cleanlab Studio, is the only enterprise solution for evaluating and correcting errors in large structured data (e.g., tabular data and spreadsheets) and extensive unstructured data (e.g., visual data, LLM generated data, conversational data, etc).

GlobalComix: Digital Comics Platform Closes $6.5 Million

By Annie Baker ● Aug 3, 2023

GlobalComix - a leading digital comics platform - recently announced its $6.5 million Series A fundraising round led by Point72 Ventures, with participation from Endeavor and others. And the global comic book market is continuing to grow, with an estimated 500 million readers, over 1 million creators, and an annual spend on comic books around $25 billion. Famous athletes wear comic book merchandise, top-grossing movies are often adaptations, and anime is one of the streaming platform’s most successful genres—all underscoring the cultural renaissance and relevance of comics today.

EpiBiologics: Protein Degradation Platform Company Closes Over $70 Million

By Amit Chowdhry ● Aug 3, 2023

EpiBiologics - a biotechnology company advancing a next-generation antibody-based protein degradation platform and pipeline for membrane and extracellular drug targets - recently announced the company brought the total series A round to $73 million with the addition of $23 million from new investors Digitalis Ventures, Taiho Ventures, and existing investor Codon Capital. And in March, EpiBiologics launched its $50 million series A financing with participation from Mubadala Capital, Polaris Partners, Vivo Capital, and GV.

UpLift: Behavioral Health Company Secures $10.7 Million

By Noah Long ● Aug 3, 2023

UpLift - a behavioral health company - recently announced it had raised $10.7 million in Series A financing. The funding round was led by new investor Ballast Point Ventures, a late-stage venture capital, and growth equity fund with participation from Kapor Capital and Front Porch Ventures. The existing investors, including B Capital, also participated in the round. The latest raise takes UpLift’s total funding to over $22 million.

ProShop ERP: $32 Million Closed To Build Solutions For Precision Manufacturing Companies

By Noah Long ● Aug 3, 2023

ProShop ERP - a leading software solution for precision manufacturing companies - recently announced an investment from Mainsail Partners. Mainsail invests in fast-growing, founder-led, vertical enterprise resource planning (ERP) software companies. And the company intends to utilize the capital to expedite product development and to continue to build upon the market-leading services and support provided to its customers.

Karat Financial: $70 Million Raised To Advance Platform For Creators

By Annie Baker ● Aug 3, 2023

Karat Financial - a leading financial services platform for creators - recently announced the launch of a new business card in partnership with Visa, a world leader in digital payments. And the card is designed specifically with creators in mind and helps them establish personal credit history, improving access to capital when and where they need it.

Smile Doctors: Orthodontic Support Organization Raises Over $550 Million

By Noah Long ● Aug 3, 2023

Smile Doctors, the largest and fastest-growing orthodontic support organization in the U.S., announced the successful completion of a capital raise of over $550 million. The funding round, funded by doctors and several large domestic and international healthcare investors, will support the network in continuing its industry-leading affiliation growth, enhance its strategic investments in technology, and expand its support staff capabilities. This funding round comes as the company has just completed a strong quarter and added several new partnerships.

Aeroseal: $67 Million Received To Advance Carbon Dioxide Removal Technology

By Annie Baker ● Aug 3, 2023

Aeroseal - a climate-tech startup with a system to reduce energy leaks to almost zero in some buildings - has received a $67 million Series B funding round led by Breakthrough Energy Ventures and Climate Investment. Through support from several top U.S. home builders and a network of specialized HVAC dealers in the U.S. and Canada, Aeroseal has sealed 260,000 buildings (residential and commercial) since its inception. Company CEO Amit Gupta said that with the new funding, Aeroseal hopes to secure many buildings annually within three years.

Unstructured: LLM Data Preprocessing Solutions Company Raises $25 Million

By Dan Anderson ● Aug 3, 2023

Unstructured recently announced the closing of its Seed and Series A funding rounds, raising $25 million. The Series A funding round was led by Madrona with participation from the seed lead, Bain Capital Ventures, and joined by M12 Ventures, Mango Capital, MongoDB Ventures, and Shield Capital. And notable angel investors Harrison Chase of LangChain, Bob van Luijt of Weaviate, and Josh Lefkowitz of Flashpoint also participated. As part of the financing, Madrona Managing Director Karan Mehandru and Bain Capital Ventures Partner Enrique Salem joined the board of directors.

Verse: Clean Energy Procurement and Management Software Provider Secures $5.75 Million

By Annie Baker ● Aug 3, 2023

Verse - a company founded to help organizations everywhere unlock the benefits of clean power - recently announced it has closed a $5.75 million seed funding round. Led by Coatue with participation from Twine Ventures, MCJ Collective, firstminute capital, Collaborative Fund, Future Positive, and Incite.org, and others, the investment will enable Verse to help organizations procure, manage, and report on carbon-free energy assets faster and more cost-effectively than they can today.

Vibrant: Non-Destructive Testing Technology Company Secures $3.35 Million

By Noah Long ● Aug 3, 2023

Advantage Capital - a leading impact investing firm - recently announced a $3.35 million investment in Vibrant Corporation, a non-destructive testing (NDT) technology company. And Advantage Capital led the round with several pre-existing Vibrant shareholders also participating. The company will leverage this funding to expand its workforce and increase production.

FLORA Ventures: $80 Million Fund Launches To Invest In Sustainable AgriFood Companies

By Amit Chowdhry ● Aug 3, 2023

FLORA Ventures recently announced the launch of its $80 million fund and its first closing with commitments of $50 million, making it the largest Israeli-based AgriFood VC. And according to IVC data, it is the most largest Israeli new VC fund to have completed a first closing during 2023 across all tech investment verticals. The firm invests in early-stage start-ups from two of the leading AgriFood ecosystems, Israel and Europe, that are building a healthier, more sustainable, and resilient AgriFood system; and supports those ventures in scaling globally.

KayoThera: Early-Stage Therapeutics Company Secures $5.2 Million In Grant And Expanded Series A Funding

By Annie Baker ● Aug 3, 2023

KayoThera - an early-stage therapeutics company developing first-in-class, oral, small molecule inhibitors of the retinoid pathway - recently announced the strengthening of its financial resources through multiple grant awards and expansion of its previously announced Series A financing. And the expanded financing was led by Accelerator Life Science Partners (ALSP), who also provided Series A funding for KayoThera. With the additional $5.2 million in new equity investments, non-dilutive grant funding, and initial seed funding from the New Jersey Health Foundation, KayoThera’s total financial support to date is $14 million.

RISC Zero: Virtual Machine Technology Company Raises $40 Million

By Dan Anderson ● Aug 3, 2023

RISC Zero - a developer of leading general purpose zero-knowledge (ZK) virtual machine technology - recently announced it has raised a $40 million Series A. The funding round was led by Blockchain Capital and joined by seed round lead Bain Capital Crypto, with participation from other notable investors, including Galaxy Digital, IOSG, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Aglaé Ventures, IOBC, Tribute Labs' Zero Dao, Figment Capital, and Alchemy Ventures.

Terabase Energy: Solar Power Plant Automation Solutions Company Secures $25 Million

By Annie Baker ● Aug 3, 2023

Terabase Energy - the leader in digital and automation solutions for solar power plants - recently announced $25 million in new funding led by Fifth Wall, the largest asset manager focused on improving, future-proofing, and decarbonizing the built world, with participation from EDP Ventures and existing investors. This funding round will support the commercial scale-up of the company’s recently launched Terafab construction automation system, the world’s first automated digital field factory for solar power plant construction.

SURGE Therapeutics Completes $32 Million Series B Round For Advancing Intraoperative Immunotherapy To Improve Cancer Patient Survival

By Noah Long ● Aug 3, 2023

SURGE Therapeutics - a biotech company pioneering the delivery of immunotherapy during cancer surgery - recently announced the completion of a $32 million Series B financing led by Bioluminescence Ventures, with participation from KdT Ventures, Piedmont Capital, and existing investors 8VC, Alumni Ventures, Camford Capital, Cancer Research Institute, Intuitive Ventures, Khosla Ventures, and Pitango HealthTech.

Hightouch: Data Activation Company Closes $38 Million In Funding

By Annie Baker ● Aug 3, 2023

Hightouch - a leading Data Activation company - recently announced $38 million in additional funding to launch and grow its Customer 360 offering. This funding round was led by Bain Capital Ventures and it was used to create a new Customer 360 Toolkit that enables data analysts to build unified customer profiles on top of their raw customer data without months of engineering effort.

Renibus Therapeutics: $47 Million Secured To Treat Cardio-Renal Diseases

By Annie Baker ● Aug 3, 2023

Renibus Therapeutics - a clinical-stage biopharmaceutical company focusing on the prevention and treatment of cardio-renal diseases - recently announced raising $47 million from the initial closings of a Series B financing. The proceeds from the financing will be used to advance RBT-1 through a pivotal Phase 3 trial for its lead indication of reducing the risk of post-operative complications following cardiothoracic surgery.

Cognaize: Intelligent Document Processing Company Raises $18 Million

By Dan Anderson ● Aug 3, 2023

Cognaize - an intelligent document processing (IDP) company powered by its proprietary hybrid intelligence technology - recently announced today that it has closed $18 million in Series A funding to accelerate research and product development, marketing, and sales capacity to meet the explosive global demand for the company’s AI solutions, which currently are focused on meeting the specific challenges of the global financial industry. The funding round was led by Argonautic Ventures, with participation from Metaplanet, and several other investors.