Archives

ArrivoBio: $45.25 Million Closed To Advance Treatments For Major Depressive Disorder

By Amit Chowdhry ● Dec 4, 2023

Arrivo BioVentures recently announced closing an oversubscribed Series B preferred financing round, totaling $45.25 million in committed capital, bringing the total raised since the company’s inception to $100 million. And Arrivo will use the funding round to advance its first-in-class treatment for major depressive disorder (MDD), SP-624, through the completion of a Phase 2b/3 clinical trial and complete a Phase 2 Proof-of-Concept study with its novel treatment to prevent patients with pancreatitis advancing to severe acute pancreatitis, RABI-767.

Needed: Perinatal Nutrition Company Raises $14 Million

By Dan Anderson ● Dec 4, 2023

Needed - a science-backed perinatal nutrition company - recently announced its $14 million funding round led by responsible consumer investor The Craftory, with additional participation from existing investors Seae Ventures and Crescent Ridge VC. This funding round will accelerate product innovation, content creation, and the launch of Needed Labs, the company’s clinical insights and research arm.

Medmo: Medical Imaging Technology Company Secures $9 Million

By Annie Baker ● Dec 3, 2023

Medmo - a medical imaging technology company - recently announced it raised $9 million in funding as part of a funding round led by Lerer Hippeau and existing investors Jerusalem Venture Partners (JVP), C2 Ventures, and Stone IsraVentures. An array of notable angel investors participated, including Elliot Cohen, founder of PillPack (acquired by Amazon) and Klara (acquired by ModMed), and co-founders Simon Bolz and Dr. Simon Lorenz. The additional funding will further accelerate the company’s rapid expansion and platform development.

Gridmatic: AI-Enabled Power Marketer Company Raises $50 Million

By Amit Chowdhry ● Dec 3, 2023

Gridmatic - an industry-leading AI-enabled power marketer - recently announced the second closing of its first energy storage fund, bringing capital commitments to $50 million. This round of funding was earmarked to oversee the management of up to 500 MW of battery capacity in the ERCOT and CAISO markets.

RepeatMD: $50 Million Closed To Help Aesthetic And Wellness Practices Grow Businesses

By Amit Chowdhry ● Dec 3, 2023

RepeatMD - a SaaS company leveraging Inbound Revenue to increase sales for aesthetic and wellness practices - recently announced it had secured $50 million in Series A funding, including a $10 million debt facility from Silicon Valley Bank. This funding round marks a significant milestone in RepeatMD's mission to deliver superior revenue efficiency to growing practices and to enhance their patients’ experience.

OfferFit: Automated Experimentation Platform Company Raises $25 Million

By Annie Baker ● Dec 3, 2023

OfferFit - a marketing technology company empowering marketers to replace traditional A/B testing with automated experimentation - recently announced a $25 million Series B funding round led by Menlo Ventures. Ridge Ventures joined the round with earlier investors Canvas Ventures, Harmony Partners, Alumni Ventures Group, Carbide Ventures, and Burst Capital. Capital One Ventures (the strategic investment arm of Capital One) also participated in the round following Capital One's success with OfferFit.

Aro Biotherapeutics: $41.5 Million Secured To Pioneer Tissue-Targeted Genetic Medicines

By Noah Long ● Dec 3, 2023

Aro Biotherapeutics - a clinical-stage biotechnology company pioneering the development of tissue-targeted genetic medicines - recently announced it has secured $41.5 million in a Series B funding round.

Polimorphic: AI-Enabled GovGPT Software Company Raises $5.6 Million

By Annie Baker ● Dec 3, 2023

Polimorphic - a leading provider of AI-enabled "GovGPT" software for local government operations - recently announced it closed on $5.6 million in seed funding. M13 led this funding round with the participation of existing investors Shine Capital and Pear VC.

AppBrilliance Receives Strategic Investment From Truist Ventures

By Amit Chowdhry ● Dec 2, 2023

AppBrilliance - a leading platform for real-time Account-to-Account (A2A) payment acceptance - recently announced that it has closed a strategic investment from Truist Ventures (the corporate venture capital arm of Truist Financial).

Aperiam Bio: Protein Engineering Company Raises $9 Million

By Dan Anderson ● Dec 2, 2023

Protein engineering company Aperiam Bio recently announced its launch from stealth with a $9 million seed round led by OMX Ventures, with participation from Axial VC, KDT Ventures, and Civilization Ventures.

Munch: AI-Powered Social Media Automation Company To Accelerate Growth With $7.2 Million In Funding

By Dan Anderson ● Dec 2, 2023

Munch - a leading AI-powered automation platform for social media - recently announced their $7.2 million seed funding round. The funding round was led by A* Capital, supported by Liquid2 and Pre-Seed investors Cardumen Capital and Remagine Ventures.

Niron Magnetics: $33 Million Secured To Advance Permanent Magnet Platform

By Amit Chowdhry ● Dec 2, 2023

Niron Magnetics - a company pioneering the world’s first high-performance and rare earth-free permanent magnets - recently announced it has raised $33 million in additional funding, with new investments from leading automotive manufacturers, GM Ventures, and Stellantis Ventures, and previous local investors, Shakopee Mdewakanton Sioux Community (SMSC) and the University of Minnesota (UMN), amongst other investors.

OrsoBio: $60 Million Raised To Develop Treatments For Severe Metabolic Disorders

By Amit Chowdhry ● Dec 2, 2023

OrsoBio - a clinical-stage biopharmaceutical company developing treatments for severe metabolic disorders - recently announced the successful completion of a $60 million Series A financing, bringing the total capital raised by the company to $97 million.

Menlo Ventures: $1.35 Billion Closed To Invest In Transformative AI Companies

By Amit Chowdhry ● Dec 2, 2023

Leading venture capital firm Menlo Ventures announced it raised $1.35 billion in new capital, which will be invested by Menlo’s flagship venture fund, Menlo XVI and Menlo Inflection III and their affiliated funds, with a mandate to invest in promising technology companies leading the AI transformation.

Lasso Security: LLM Cybersecurity Company Secures $6 Million

By Noah Long ● Dec 2, 2023

Lasso Security - innovators in Large Language Models (LLMs) cybersecurity - announced a $6 million seed round led by Entrée Capital with the participation of Samsung Next.

53 Stations: $190 Million Fund I Launched To Invest In Early-Stage Companies

By Amit Chowdhry ● Dec 2, 2023

53 Stations - a venture capital firm that invests in early-stage companies across a range of industries - recently announced its flagship $190 million Fund I. Supported by The Pritzker Organization (TPO), 53 Stations offers over 60 years of company-building expertise, the flexibility of a single LP, and the agility to meet the evolving needs of today’s entrepreneurs.

Pioneer: $2.9 Million Closed To Help Climate Tech Companies Pursue Government Incentives

By Annie Baker ● Dec 2, 2023

Pioneer - an AI-powered service for climate tech companies pursuing government incentives - recently announced the closing of $2.9 million in seed funding led by Blue Bear Capital. And participating investors include Collaborative Fund, Soma Capital, Cool Climate Collective, and Kayan Ventures. The funds will be used to accelerate the company's growth.

Gratia Health: Seed Funding Raised To Help Healthcare Employers Create Sustainable Workforces

By Annie Baker ● Dec 2, 2023

Gratia Health - a 25m Health portfolio company - recently emerged from stealth with seed funding led by JumpStart Capital and a major contract with strategic partner ScionHealth to implement its incentive compensation platform across ScionHealth’s 70+ specialty hospitals.

TruaID: This Digital Identity Verification Product Helps People Keep Personal Information More Secured

By Amit Chowdhry ● Dec 2, 2023

Digital identity and screening company Trua recently announced it has launched a new product called TruaID, which will give consumers a greater sense of security with their private information while providing businesses with a more efficient means of screening customers and prospective employees. TruaID eliminates the need for users to repeatedly provide businesses, government agencies or potential employers with their private personal information such as Social Security number, driver’s license, birth certificate, or other documents.

Glencoco: $3 Million Secured To Connect Companies With Biz Dev Consultants

By Dan Anderson ● Dec 2, 2023

Glencoco - a marketplace that connects companies with business development consultants to generate qualified opportunities - recently announced its coming out of stealth along with $3 million in funding led by Felicis and Crossbeam.

Kognitos: AI-Based Business Automation Company Raises $20 Million

By Amit Chowdhry ● Dec 2, 2023

Kognitos - a company developing generative AI for business automation - recently announced the closing of a $20 million Series A funding round led by Khosla Ventures, with participation from existing investors Clear Ventures, Engineering Capital, and Wipro Ventures.

Amini: $4 Million Raised To Focus On Africa’s Environmental Data Gap

By Amit Chowdhry ● Dec 2, 2023

Amini - a Nairobi-based climate tech startup focused on solving Africa’s environmental data gap through AI and satellite technology - recently announced that it has raised $4 million in a seed funding round. The funding round was led by Salesforce Ventures (Salesforce's global investment arm) and Female Founders Fund, a seed-stage venture fund that invests exclusively in female-founded companies.

G FUEL Receives Investment From Kingswood Capital Management And First Bev

By Noah Long ● Dec 2, 2023

Kingswood Capital Management and First Bev recently announced a significant cash investment in G FUEL, which is a market leader in energy drinks, targeting the 3+ billion global gamer community. The precise terms of the 8-figure deal were not immediately released, but the deal offers significant growth equity for the company.

Menlo Security Names New CMO And CFO

By Amit Chowdhry ● Dec 2, 2023

Browser security leader company Menlo Security recently announced the appointments of industry luminaries Pejman Roshan and Naresh Bansal as Chief Marketing Officer and Chief Financial Officer, respectively.

Failup Ventures: €50 Million Fund Closed To Invest In Early-Stage Startups

By Amit Chowdhry ● Dec 2, 2023

Failup Ventures - a new globally operating early-stage venture capital fund - recently announced the first closing of €30 million of its new early-stage fund of €50 million. Founded by three previous Finnish entrepreneurs – Jesse Heikkilä, Topias Soininen, and Oscar Andersin – Failup Ventures backs early-stage startups with strong, mission-driven teams. Failup’s typical initial investments range from €200K to €1 million, with the capability to follow up on additional rounds.

AbbVie To Buy ImmunoGen For $10.1 Billion: Details

By Amit Chowdhry ● Dec 1, 2023

AbbVie and ImmunoGen recently announced a definitive agreement under which AbbVie will acquire ImmunoGen, and its flagship cancer therapy ELAHERE (mirvetuximab soravtansine-gynx) - a first-in-class antibody-drug conjugate (ADC) approved for platinum-resistant ovarian cancer (PROC). This acquisition accelerates AbbVie's commercial and clinical presence in the solid tumor space. Plus, ImmunoGen's follow-on pipeline of promising next-generation ADCs further complements AbbVie's ADC platform and existing programs.

Senpex: How This Last Mile Delivery As A Service Company Is Transforming Over A $130 Billion Market

By Amit Chowdhry ● Dec 1, 2023

Senpex Technology is an AI-driven logistics platform streamlining last-mile deliveries for various industries (e-commerce, B2B distribution Centers, Retail, Food, etc.), offering optimized routing and timely delivery services for businesses. Pulse 2.0 interviewed Senpex Technology Co-Founder Anar Mammadov to learn more about the company.

Valid8: Verified Financial Intelligence Leader Raises $8.5 Million

By Amit Chowdhry ● Dec 1, 2023

Valid8 Financial - a leader in Verified Financial Intelligence - recently announced $8.5 million in Series A funding led by Silverton Partners with participation from Touchdown Ventures, First Trust Capital Partners, CPA.com, and Capital Midwest.

Octave Bioscience: $10 Million Grant Received From The Michael J. Fox Foundation For Parkinson’s Research

By Amit Chowdhry ● Dec 1, 2023

Octave Bioscience - a leading precision care company that delivers a new standard for managing multiple sclerosis and other neurodegenerative diseases - recently announced that it has been awarded a $10 million grant from The Michael J. Fox Foundation for Parkinson’s Research (MJFF).

Montana State Receives $3 Million To Study Microorganisms For Building Designs

By Annie Baker ● Dec 1, 2023

A multi-disciplinary team of Montana State University experts searching for ways to utilize living materials to reduce the building industry’s reliance on cement and concrete was awarded a $3 million Future Research Manufacturing Research grant from the National Science Foundation. Chelsea Heveran, assistant professor in the Department of Mechanical and Industrial Engineering in the Norm Asbjornson College of Engineering, is the principal investigator for the four-year project.