Startups

Marstone: Digital Investment And Wealth Planning Company Raises $8 Million

By Amit Chowdhry ● Jan 26, 2024

Marstone - a leading digital investment and wealth planning firm - announced it had raised an $8 million Series B financing round led by Mendon Venture Partners and South Rose Capital, along with new investors, including the Castle Creek Launchpad Fund. The funding round also included existing investor Equity Bank.

Cellares Raises $255 Million To Launch New Location In Somerset County, New Jersey

By Amit Chowdhry ● Jan 26, 2024

Cellares - an innovative cell therapy manufacturing company - has announced a $255 million series C fundraising to launch its new location in Somerset County. And the 118,000-sq. ft. manufacturing site in Bridgewater, New Jersey, is expected to create up to 350 local jobs.

OKX Ventures: Seed Round Investment Made In B² Network

By Dan Anderson ● Jan 26, 2024

OKX Ventures (the investment arm of leading crypto exchange and Web3 technology company OKX) announced its seed round investment in B² Network, the first EVM-compatible rollup based on zero-knowledge (ZK) proof verification commitment on Bitcoin and the first data availability (DA) layer for Bitcoin rollups.

International Battery Company: $35 Million Raised To Build Proprietary I-NMC Prismatic Cells In India

By Amit Chowdhry ● Jan 26, 2024

International Battery Company (IBC) - a product and technology company specializing in creating eco-friendly and large-sized rechargeable Prismatic Li-ion NMC batteries - is announcing it has raised $35 million. This includes a Pre-Series A round led by RTP Global and contributions from a broader investment base, which includes Beenext, Veda VC, and other strategic Korean and US Investors. The investment marks an important moment in IBC’s journey to revolutionize the global EV landscape.

Bastille: Wireless Threat Intelligence Company Raises $44 Million

By Dan Anderson ● Jan 26, 2024

Bastille Networks - a leading supplier of wireless threat intelligence technology to the high-tech, banking, and intelligence community - announced a Series C investment of $44 million, led by a new investor: Growth Equity at Goldman Sachs Asset Management.

Circular Genomics: $8.3 Million Closed To Advance Circular RNA Biomarkers For Precision Psychiatry And Neurology

By Noah Long ● Jan 26, 2024

Circular Genomics - a global leader in advancing circular RNA biomarkers for precision psychiatry and neurology - announced the closing of an $8.3 million Series A investment round. This funding round, led by Mountain Group Partners, welcomes new investor UNM Rainforest Innovations and initial investors, including Cottonwood Technology Fund, Tramway Venture Partners, and other undisclosed individuals.

Doppel: Digital Risk Protection Company Closes $14 Million In Funding

By Noah Long ● Jan 26, 2024

Doppel - an AI-native digital risk protection company - announced the successful completion of a $14 million Series A funding round led by Andreessen Horowitz (a16z) with participation from Strategic Cyber Ventures and seasoned cybersecurity leaders. This investment will accelerate Doppel's mission to revolutionize brand security and threat intelligence through the application of artificial intelligence technology.

C16 Biosciences: $3.5 Million Grant Received From Gates Foundation

By Amit Chowdhry ● Jan 26, 2024

C16 Biosciences - the makers of Palmless, a platform for sustainable palm oil alternatives - announced it is ramping up its capabilities in the food category, driven by a $3.5 million grant from the Bill & Melinda Gates Foundation and a $1 million investment from Elemental Excelerator.

Captura: Direct Ocean Capture Company Raises $21.5 Million

By Dan Anderson ● Jan 26, 2024

Captura has announced it expanded its Series A funding round to raise an additional US$21.5 million to commercialize its Direct Ocean Capture (DOC) technology that utilizes the power of the ocean to absorb carbon dioxide (CO2) from the atmosphere.

ViralMoment: AI-Based Social Video insights Company Closes $2.5 Million

By Annie Baker ● Jan 26, 2024

ViralMoment - a leading provider of AI-powered social video insights and analytics - announced a seed round of $2.5 million, led by Supernode Global, with participation from funds including Crush Ventures, Duo Partners, Carnegie Mellon University, and Techstars.

Prime Medicine: Up To $15 Million Funding From Cystic Fibrosis Foundation

By Annie Baker ● Jan 26, 2024

The Cystic Fibrosis Foundation announced it will provide up to $15 million to Prime Medicine for preclinical research into gene editing for cystic fibrosis. Prime Medicine utilizes a gene editing technology called prime editing — a technology that enables insertions or deletions of small segments of DNA at precise sites.

Cnergreen: University Of Calgary Advanced Materials Spin Off Company Raises C$2 Million

By Amit Chowdhry ● Jan 26, 2024

Cnergreen - a Calgary-based startup manufacturing stable foams for CO2 injection in enhanced oil recovery (EOR) - announced it raised a $2 million seed funding round led by Rhapsody Venture Partners. This US-based venture capital firm specializes in hard-tech investments.

Isaac Health Raises $5.7 Million To Redefine The Future Of Brain Healthcare

By Noah Long ● Jan 26, 2024

Isaac Health - a digital health company emerging as a national leader in brain health - announced the successful completion of its oversubscribed $5.7 million seed round. The funding round was led by Meridian Street Capital and B Capital, with participation from Primetime Partners, Co-Found Partners, VU Venture Partners, and AirAngels.

ZWI Therapeutics: Funding Round Raised To Develop Protein Therapeutics

By Noah Long ● Jan 26, 2024

ZWI Therapeutics - a biotechnology company focused on the development of protein therapeutics using proprietary new polymers - announced a Series A financing, the appointment of pharmaceutical industry veterans Drs. Larry Miller and Ron Cohen as Independent Directors to the company's Board of Directors, and Dr. Ed Mascioli as CEO and Board Director.

Prompt Security Raises $5 Million To Accelerate Growth

By Annie Baker ● Jan 26, 2024

Prompt Security - a unified platform for enterprise generative AI security - launched from stealth and announced $5 million in seed funding. The funding round was led by Hetz Ventures with participation from Four Rivers and prominent angels, including CISOs at Elastic and Dolby. And Prompt Security is helping dozens of high-profile companies protect their applications, employees, and customers from new generative AI-associated threats.

Utah-Based Venture Studio Wingspan Reveals Two Investments And Tech9 Partnership

By Amit Chowdhry ● Jan 26, 2024

Wingspan is a new venture studio based in Utah that announced its launch with two investments and a partnership with Tech9, a premier custom software development company.

DNA Nanobots: Pre-Seed Funding Round Raised To Launch A BioPharma Partner Program

By Annie Baker ● Jan 26, 2024

DNA Nanobots - a leader in the design and delivery of DNA nanoparticles engineered for targeted therapeutics - announced that it has closed its pre-seed funding round. The funding round enables DNA Nanobots to launch its BioPharma Partner Program to streamline its end-to-end custom biopharma solutions from design to development for preclinical and animal studies for improved delivery of a wide range of therapeutics.

icotec: Spinal Tumor Implant Company Closes $30 Million In Funding

By Dan Anderson ● Jan 26, 2024

icotec ag - a leading company in innovative spinal tumor implants - announced a significant milestone in its growth journey by establishing a strategic partnership with MVM Partners (MVM), a global healthcare venture capital firm.

MY DR Now Raises Follow-On Investment From Kain Capital

By Noah Long ● Jan 26, 2024

MY DR NOW recently announced it raised a follow-on investment from Kain Capital LLC, which is a leading private equity firm focused on the technology enablement of healthcare services companies. MY DR NOW is a leading provider of primary and specialty care with multiple locations in Arizona. The company’s total investment to date is $60 million.

Consortium Raises Strategic Investment From M|C Partners

By Noah Long ● Jan 26, 2024

M|C Partners - a digital infrastructure and tech services private equity firm - announced it has invested strategically in Consortium Networks, a national cybersecurity organization. This investment will enhance Consortium Networks' growth by expanding talent acquisition, sales, technical expertise, and innovation. Nate Ungerott, a cybersecurity veteran, was also appointed CEO.

HEAL Security: Healthcare-Focused Cybersecurity Intelligence Company Raises $4.6 Million In Funding

By Annie Baker ● Jan 25, 2024

Health2047 - a Silicon Valley-based venture studio founded by the American Medical Association (AMA) - announced its investment in and launch from stealth of portfolio company HEAL Security, a cognitive cybersecurity intelligence platform custom-designed for the healthcare sector. So far, Health2047 invested $2.3 million in HEAL Security, with additional co-investor funding bringing its total pre-seed investment to $4.6 million.

CryptoSafe: $20 Million Funding Raised At $95 Million Valuation

By Noah Long ● Jan 24, 2024

CryptoSafe - a blockchain project focused on enhancing capital efficiency in the cryptocurrency market – announced it has closed its latest funding round, securing $20 million at a valuation of $95 million. This funding round signifies a significant milestone for the company as it positions itself for further growth, innovation, and market expansion.

Synnovation Therapeutics: Precision Medicine Company Raises $102 Million To Develop Small Molecule Therapies

By Amit Chowdhry ● Jan 24, 2024

Synnovation Therapeutics - a precision medicine company developing small molecule therapies optimized to achieve best-in-class pharmacology against highly validated disease targets – has launched with a $102 million Series A. The funding was led by Third Rock Ventures with participation from Nextech, Lilly Asia Ventures, Sirona Capital, and Cormorant Asset Management.

38 Degrees North Raises Growth Equity Investment

By Dan Anderson ● Jan 24, 2024

38 Degrees North - a community solar and distributed renewables platform – announced it has closed on a growth equity investment from S2G Ventures. And the company has also agreed to acquire community solar assets from Community Power Group (CPG) in New York.

Motif Neurotech: $18.75 Million Raised To Develop Minimally-Invasive Bioelectronics For Mental Health

By Annie Baker ● Jan 24, 2024

Motif Neurotech - a neurotechnology company developing minimally-invasive bioelectronics for mental health – recently announced an oversubscribed Series A financing of $18.75 million led by Arboretum Ventures, with participation from new investors KdT Ventures, Satori Neuro, Dolby Family Ventures, re.Mind Capital, individual investor Max Hodak and existing investors Divergent Capital, TMC Innovation, PsyMed Ventures, Empath Ventures and Capital Factory.

Root Protocol: $10 Million Closed At $100 Million Valuation

By Noah Long ● Jan 24, 2024

Root Protocol – a company focused on building a portal to connect with any chain, DApp, and asset – announced it has closed $10 million in funding at a valuation of $100 million. Animoca Brands led the funding rounds. They included contributions from several other notable investors, including Shima Capital, DFG Group, Signum Capital, Ankr Network, Digital Strategies, CMS Holdings, Double Peak, GenBlock Capital, Cypher Capital, and Basics Capital. The new investors announced are Dao5 and Gate Labs Ventures.

CheckSammy: Bulk Waste And Sustainability Operator Closes $45 Million In Funding

By Annie Baker ● Jan 24, 2024

Bulk waste and sustainability operator CheckSammy announced it raised a $45 million strategic investment that will enhance the company's ability to deliver transparent, measurable waste diversion and carbon reduction benefits to companies.

Morressier: Research Integrity Company Secures $16.5 Million

By Dan Anderson ● Jan 24, 2024

Morressier – a Berlin-based startup transforming scholarly communications – recently announced it has raised a $16.5 million Series B funding round led by Molten Ventures and with the participation of existing investors including Redalpine, Owl Ventures, and Cherry Ventures. And this growth investment follows the company’s Series A round from May 2021 and will be topped up with further funding for acquisition opportunities.

Better Stack: Infrastructure Monitoring Company Closes $10 Million In Funding

By Noah Long ● Jan 24, 2024

Better Stack announced it has raised an additional $10 million in funding from a leading European early-stage investor KAYA, an existing backer of Better Stack and Europe's best tech companies, which include Docplanner, Rohlik, and Booksy. And Aaron Levie (CEO at Box) and Kulpreet Singh (ex-UiPath) are joining as angel investors.

Aniai: Robotic Kitchen Solution Company Secures $12 Million In Funding

By Annie Baker ● Jan 24, 2024

Aniai - a fast-growing robotic company and global leader in innovative kitchen solutions – recently announced that it has successfully secured a $12 million pre-Series A funding round.