Startups

BlueFlag Security: Identity-Based Developer Security Company Closes $11.5 Million

By Amit Chowdhry ● Mar 24, 2024

BlueFlag Security announced it raised an $11.5 million seed funding round led by Maverick Ventures and Ten Eleven Ventures with participation from Pier 88 Investment Partners. This funding round will fund the development of BlueFlag’s SDLC security and governance platform - which delivers end-to-end and identity-centric protection across the development lifecycle from code to production.

Coast: Fleet-Focused B2B Card Payments Infrastructure Company Raises $92 Million

By Amit Chowdhry ● Mar 23, 2024

Coast - a company that offers a simple and smart way for companies in the US to manage fuel and fleet spending - announced it has raised $92 million in new funding. This funding round includes $25 million in equity capital led by existing investors, including BoxGroup, Avid Ventures, Accel, Insight Partners, Better Tomorrow Ventures, and new investor Vesey Ventures. And the company secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.

Ediphi: Estimating Solution Company Secures $12 Million

By Amit Chowdhry ● Mar 23, 2024

Cloud-based estimating solution Ediphi announced it has raised $12 million in Series A funding led by Norwest Venture Partners. The funding will expand its team, invest in product innovation through R&D, and grow its market share.

Profluent: Protein Design Company Raises $35 Million

By Amit Chowdhry ● Mar 23, 2024

Protein design company Profluent announced it raised $35 million in funding led by Spark Capital, with participation from existing investors Insight Partners and Air Street Capital along with a syndicate of angel investors from OpenAI, Salesforce, Octant Bio, and Google including Jeff Dean, Chief Scientist of Google DeepMind. The company previously raised $9 million from Insight Partners, Air Street Capital, AIX Ventures, and Convergent Ventures.

Wonder: Marc Lore’s Food Delivery Company Raises $700 Million

By Amit Chowdhry ● Mar 23, 2024

Marc Lore has been a successful entrepreneur for many years. His latest venture is a food delivery company called Wonder, which recently revealed that it has raised $700 million.

Zero Prime Ventures Closes Second Fund At $48 Million

By Amit Chowdhry ● Mar 23, 2024

Zero Prime Ventures (previously Data Community Fund) is a venture firm that invests in zero engineer-founders at the early stage. It recently closed a $48 million second fund and announced the addition of a new partner, Yang Tran.

indie Semiconductor Strategically Investing In AI Processor Company Expedera

By Amit Chowdhry ● Mar 23, 2024

Indie Semiconductor announced a strategic investment in Expedera, a leading provider of scalable Neural Processing Unit (NPU) semiconductor intellectual property (IP). This minority investment will include Donald McClymont's addition to Expedera's Board of Directors.

LiDAR Developer SteerLight Raises Funding From Stellantis Ventures

By Amit Chowdhry ● Mar 22, 2024

Stellantis Ventures (the corporate venture fund of Stellantis) announced it has invested in SteerLight (a spinoff of the French CEA-Leti technology center), the developer of a new generation of high-performance Light Detection and Ranging (LiDAR) sensing technology.

Mallard Bay: Hunting And Fishing Marketplace Company Raises $4.6 Million

By Amit Chowdhry ● Mar 22, 2024

Mallard Bay - a SaaS-enabled marketplace for hunting and fishing adventures - announced the closing of a $4.6 million Series A funding round. Led by Soul Venture Partners, the funding round also saw follow-on investments from existing investors Acadian Capital Ventures, along with contributions from various new and existing angel investors.

Blue Laser Fusion: Inertial Fusion Company Secures $37.5 Million

By Amit Chowdhry ● Mar 22, 2024

Leading inertial fusion company Blue Laser Fusion successfully closed $37.5 million in Series Seed funding round with investment from strategic partners SoftBank, a private investor Yusaku Maezawa through the Maezawa Fund, and Itochu Corporation (one of world's largest trading companies). These new investors joined the round with JAFCO Group, SPARX Group (Mirai Creation Fund III), and Waseda University Ventures.

Fetch: Rewards App Company Closes $50 Million In Debt Financing From Morgan Stanley

By Amit Chowdhry ● Mar 22, 2024

Rewards app company Fetch announced it has raised $50 million in debt financing from Morgan Stanley Private Credit. This funding will enable Fetch to pursue another year of aggressive growth as a now-profitable company.

Buzz Solutions: $5 Million Raised To Protect Energy Infrastructure

By Amit Chowdhry ● Mar 22, 2024

Buzz Solutions, an AI company that inspects and protects critical energy infrastructure, announced it closed a $5 million growth funding round. GoPoint Ventures led the round, with Blackhorn Ventures and MaC Venture Capital also participating.

Fuel Me: Fuel Procurement And Management Company Raises $18 Million

By Amit Chowdhry ● Mar 22, 2024

Fuel Me, a rapidly growing fuel procurement and management platform, announced the successful close of its $18 million Series A financing co-led by Pritzker Group Venture Capital and Tribeca Venture Partners. Other new investors include Bessemer Venture Partners, Interplay Venture Capital, FJ Labs, Hyde Park Angels, Bridge Ventures, Correlation Ventures, Forefront Venture Partners, and Gaingels. Tribeca Venture Partners co-founder and partner Brian Hirsch has joined the Board of Fuel Me in connection with the funding round.

NovaData Solutions: Property Restoration Invoice Analysis Company Raises Funding

By Amit Chowdhry ● Mar 22, 2024

NovaData Solutions - a provider of AI-driven software for property restoration invoice analysis - announced it raised a Series A funding round led by Activate Venture Partners. The funding round included participation by various individual and institutional investors including Ben Franklin Technology Partners.

Monaire: $3.5 Million Raised To Curb Waste And Emissions From Commercial Buildings

By Amit Chowdhry ● Mar 22, 2024

Monaire - a company that utilizes AI to curb waste and emissions from small commercial buildings - announced $3.5 million in seed funding. Construct Capital led the funding round with participation from Workshop Ventures, as well as strategic individual investments from Steve Fredette (the president and co-founder of Toast) and Tom Kuo (co-founder of A-Street and chairman of the board at Mighty Earth).

Carbyne: Contact Center Solutions Company Raises Funding From AT&T Ventures And Socium Ventures

By Amit Chowdhry ● Mar 22, 2024

Carbyne, a next-generation provider of public safety communications, announced that it has secured an investment from AT&T Ventures. AT&T invested along with existing investors Cox Enterprises (through Socium Ventures), Hanaco Growth, GMR International., former CIA Director General David Petraeus, General Global Capital, and Material V. This investment follows a successful launch of the relationship between AT&T and Carbyne, which was revealed in June.

Dymium: Data Access Management Company Raises $7 Million

By Amit Chowdhry ● Mar 22, 2024

Data access management company Dymium announced that it has emerged from stealth and raised $7 million in funding. Two Bear Capital led this funding round ($5 million) and angel investors provided the rest ($2 million).

Fullerton Fund Management: $100 Million In Commitments Closed For Carbon Action Fund

By Amit Chowdhry ● Mar 22, 2024

Fullerton Fund Management announced it has successfully raised $100 million in the anchor close of its Fullerton Carbon Action Fund. This fund captures the major climate market opportunity in Emerging Asia by investing in companies at the forefront of accelerating decarbonization in the region.

AccessPay: Bank Integration Provider Company Raises $24 Million

By Amit Chowdhry ● Mar 22, 2024

Leading bank integration provider AccessPay announced that it has closed a strategic funding round of $24 million, which was a combination of equity and debt. True Ventures led the round, which included participation from Praetura Ventures, NatWest, Mastercard, Route 66 Ventures, and Beringea.

BLIXT: Electrical Infrastructure Company Raises €5 Million

By Amit Chowdhry ● Mar 22, 2024

BLIXT - a company transforming the electricity sector with an innovative software-defined power system - has successfully raised €5 million in a seed funding round co-led by Union Square Ventures (USV) and Energy Revolution Ventures (ERV). This funding round positions BLIXT for dynamic growth and accelerates its goals to revolutionize electrical infrastructure.

WavMaker: Music Licensing Platform Company Secures $5 Million

By Amit Chowdhry ● Mar 22, 2024

WavMaker - a next-generation music licensing platform for video creators - announced that it has launched with $5 million in seed funding. Vicky Patel, a principal of the Nashville-based record label Wavy Records and the co-founder and principal of Monarch Media, led WavMaker's seed funding round.

e-peas: Fabless Semiconductor Company Raises €17.5 Million

By Amit Chowdhry ● Mar 22, 2024

e-peas, a leader in ultra-low power management for energy harvesting, announced the closing of a new €17.5 million funding round led by Otium Capital. This funding round highlights e-peas' market traction and technology leadership. New investors Nomainvest and EIC Fund joined the round, as did existing investors KBC Focus Fund, The Faktory, Wallonie Entreprendre, Noshaq-Leansquare, and Start.Invest.

Agrovision: Superfruit Platform Company Raises Growth Capital Led By Aliment Capital

By Amit Chowdhry ● Mar 21, 2024

Agrovision, a leading technology-enabled superfruit platform (known for its premium berries sold under The Fruitist and Big Skye brands), announced a growth capital investment led by Aliment Capital. With a focus on key strategic initiatives, Aliment will provide additional capital and expertise for helping take Agrovision to its next level of growth.

Cure51: €15 Million Secured To Advance Biological Mechanisms For Survivors Among Cancer Patients

By Amit Chowdhry ● Mar 21, 2024

Cure51 - a biotech company looking to unlock the biological mechanisms responsible for exceptional survivors among cancer patients - announced it has successfully raised €15 million in a seed funding round led by Sofinnova Partners. Other investors in this round include Hitachi Ventures GmbH, Life Extension Ventures, Xavier Niel, and Olivier Pomel (CEO and co-founder of Datadog).

Mermaid Chart: $7.5 Million Raised For Reinventing Visual Collaboration For Enterprises

By Amit Chowdhry ● Mar 21, 2024

Mermaid Chart, a company offering text-based diagramming and workflow management tools, announced it has raised $7.5 million in seed funding. This funding milestone comes after the company unveiled its first line of enterprise products, designed to help professionals across industries better communicate, collaborate, and solve business problems through visuals and diagrams.

Dryad Networks: Early Wildfire Detection Company Raises €5.6 Million In Convertible Financing

By Amit Chowdhry ● Mar 21, 2024

Dryad Networks - a company that pioneered ultra-early wildfire detection technology - announced the successful initial closing of €5.6 million in a convertible financing round, with a total round size of up to €10 million.

Anima: Care Enable Platform Raises $12 Million

By Amit Chowdhry ● Mar 21, 2024

Anima - a next-generation care enablement platform - announced it raised $12 million in Series A funding. This funding round was led by Molten Ventures, with participation from existing investors Hummingbird Ventures, Amino Collective, Y Combinator, and new angel investors, including Sidar Sahin (founder of Peak Games).

Capstan Therapeutics: $175 Million Raised To Advance Reprogramming Of Cells Through RNA Delivery

By Amit Chowdhry ● Mar 21, 2024

Capstan Therapeutics - a biotechnology company focused on advancing in vivo reprogramming of cells through RNA delivery using targeted lipid nanoparticles (tLNP) - announced the successful closing of a $175 million oversubscribed Series B financing.

Pocket FM: Audio Entertainment Platform Company Raises $103 Million

By Amit Chowdhry ● Mar 21, 2024

Pocket FM, a leading audio entertainment platform company, announced that it has raised $103 million in Series D funding. Lightspeed led this round, which StepStone Group participated in. Including this round, Pocket FM has raised $196.5 million in total funding.

CyberSaint: Cyber Risk Management Company Closes $21 Million

By Amit Chowdhry ● Mar 21, 2024

Cyber risk management company CyberSaint announced that it has raised $21 million in Series A funding, led by Riverside Acceleration Capital (RAC). Additional investors include Sage Hill Investors, Audeo Capital, and BlueIO.