Startups

Daytrip: Global Travel Platform Company Secures $10 Million

By Annie Baker ● Jan 23, 2024

Daytrip - a global travel platform providing private door-to-door car transfers in over 110 countries worldwide - recently announced the closing of a Series B investment led by Taiwania Capital, with participation from existing investors Euroventures, J&T Ventures, and N1.

S2 Genomics: Tissue Sample Preparation Company Raises Series A

By Noah Long ● Jan 23, 2024

S2 Genomics - a leading manufacturer of tissue sample preparation systems for single-cell genomics assays - announced today that it has raised $16 million in Series A funding from BroadOak Capital Partners and Research Corporation Technologies (RCT).

ModernFi: $18.7 Million Secured To Help Financial Institutions Grow And Manage Deposits

By Amit Chowdhry ● Jan 23, 2024

ModernFi announced today that it has closed an $18.7 million Series A funding round to bring its tech-forward platform to community and regional banks to help them grow, retain, and manage their deposits. Led by Canapi Ventures, the Series A funding round also had participation from Andreessen Horowitz, Remarkable Ventures, and leading banks Huntington National Bank, First Horizon, and Regions.

Qdrant: Open-Source Vector Database Company Raises $28 Million

By Annie Baker ● Jan 23, 2024

Qdrant - a leading high-performance and open-source vector database - recently announced the successful completion of its Series A funding round, securing a $28 million investment led by Spark Capital, with participation from existing investors Unusual Ventures and 42CAP.

Launchbay Capital: First Close Of New $100 Million Secondary Growth Fund Completed

By Amit Chowdhry ● Jan 23, 2024

Launchbay Capital - a leading multi-stage investment firm committed to creating liquidity in the venture ecosystem - recently announced the first close of its new $100 million VC secondary growth fund with over 25% committed by a group of early investors.

Bolt Navigation: Series B Funding Round Closed

By Dan Anderson ● Jan 22, 2024

Bolt Navigation - a privately held leading developer of Handheld Surgical Navigation systems - recently announced that it has closed its Series B financing. The funding round was once again led by Grand Oaks Capital, the investment group for the family office of Paychex founder Tom Golisano, with participation from Impact Capital of New York. And Tom Bonadio, Impact Capital’s General Partner and Chairman of Board of Directors at The Bonadio Group, will join the company’s board.

ArcTern Ventures: $335 Million Fund III Closed To Address Climate Change And Sustainability

By Amit Chowdhry ● Jan 22, 2024

ArcTern Ventures - a Toronto-based venture capital firm with offices in San Francisco and Oslo investing globally in breakthrough technology companies addressing climate change and sustainability - recently announced $335 million in commitments for Fund III, including securing new investments from flagship limited partners, including TD Bank Group, Allianz, Church Pension Group, OPTrust, Credit Suisse Asset Management, and other large institutional investors.

ElevenLabs: Voice Technology Research Company Raises $80 Million

By Amit Chowdhry ● Jan 22, 2024

ElevenLabs - a voice technology research company - announced today it has raised an $80m Series B round co-led by Andreessen Horowitz, Nat Friedman, Daniel Gross, and joined by Sequoia Capital, SV Angel, Smash Capital, BroadLight Capital, and Credo Ventures, to cement its position as the global leader in voice AI research and product deployment.

Macquarie Asset Management: Fund 7 Hits €8 Billion In Investor Commitments

By Amit Chowdhry ● Jan 22, 2024

Macquarie Asset Management announced that over €8 billion has been committed to Macquarie European Infrastructure Fund 7 (MEIF7) upon the fund’s Final Close, making MEIF7 the industry’s largest-ever fund focused on European infrastructure.

Flowdesk: $50 Million Raised In Round Led By Cathay Innovation

By Annie Baker ● Jan 22, 2024

Flowdesk - a full-service digital asset trading technology firm - recently announced a $50 million Series B, led by Cathay Innovation, and the participation of Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple.

Wynnchurch Capital: $3.5 Billion Fund VI Closed

By Amit Chowdhry ● Jan 22, 2024

Wynnchurch Capital, L.P. - a leading middle market private equity firm - recently announced the closing of its sixth private equity fund, Wynnchurch Capital Partners VI, L.P. at $3.5 billion of committed capital. The fund - which had a target of $3 billion was significantly oversubscribed - leading to fund closing less than five months after its initial launch.

Flexport: $260 Million Raised From Shopify

By Amit Chowdhry ● Jan 22, 2024

Logistics company Flexport officially announced today that it raised $260 million in funding from Shopify. The $260 million is in the form of an uncapped convertible note.

DailyPay: On-Demand Pay Company Secures Over $175 Million

By Amit Chowdhry ● Jan 22, 2024

DailyPay - a leading on-demand pay company - recently announced it has secured over $175 million to fuel growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing - which valued the company at $1.75 billion on a pre-money basis.

CenterGate Capital: Partnership With Automatic Transmissions Company TransGo Announced

By Amit Chowdhry ● Jan 22, 2024

CenterGate Capital - an Austin-based private equity investment firm - announced that its affiliate has invested in TransGo, LLC, a leading provider of aftermarket parts and kits for automatic transmission repair.

Kashable: $25.6 Million Raised To Provide Socially Responsible Credit And Financial Wellness Solutions As A Sponsored Voluntary Benefit

By Amit Chowdhry ● Jan 22, 2024

Kashable - a fintech platform that offers socially responsible credit and financial wellness solutions as an employer-sponsored voluntary benefit - recently announced a Series B capital raise of $25.6 million. The funding round was co-led by Revolution Ventures and Moneta Ventures, with participation from EJF Capital and Krillion Ventures.

Windjammer Capital: Fund VI Closes At $1.3 Billion

By Amit Chowdhry ● Jan 22, 2024

Windjammer Capital Investors - a national private equity investment firm focused on control equity investments in middle-market businesses - recently announced the closing of its sixth fund Windjammer Capital Fund VI at its hard cap.

Safary: $2.4 Million Raised To Track The Web Without Using Cookies

By Noah Long ● Jan 22, 2024

Safary - a web3 alternative to Google Analytics - recently announced the successful closure of its pre-seed round, raising $2. million. The funding round was led by Lemniscap, with participation from Arca, SevenX, Big Brain Holdings, Saison Capital, Diaspora Ventures, and 20 web3 angel investors – 14 of which are members of the Safary community.

3DEO: Strategic Investment Raised From Development Bank Of Japan And Seiko Epson

By Noah Long ● Jan 22, 2024

Tr1X: $75 Million Secured To Develop Universal Allogeneic Regulatory T (Treg) And CAR-Treg Cell Therapies

By Annie Baker ● Jan 22, 2024

Tr1X recently announced its emergence from stealth with a $75 million Series A financing to bring universal allogeneic regulatory T (Treg) and CAR-Treg cell therapies to the clinic to treat and potentially cure autoimmune and inflammatory diseases. These are the details.

Ratio Therapeutics: $50 Million Secured For Ramping Up Targeted Cancer Treatments

By Amit Chowdhry ● Jan 22, 2024

Ratio Therapeutics - a pharmaceutical company that employs a suite of innovative technologies to develop best-in-class radiopharmaceuticals for the treatment and monitoring of cancers - recently announced the closing of its $50 million Series B financing, bringing the total raised to date to over $90 million.

SmartLabs: $48 Million Closed To Combine Flexible Lab Infrastructure, Operations, And Scientific Expertise

By Amit Chowdhry ● Jan 22, 2024

SmartLabs - a leading provider of flexible laboratory infrastructure and resourcing solutions - recently announced a $48 million Series C funding round raise. The funding round included ArrowMark Partners, Winslow Capital Management, and Conversion Venture Capital (CVC2) participation.

I Squared Capital Closes $1.2 Billion DFC Climate Fund

By Amit Chowdhry ● Jan 22, 2024

I Squared Capital - a leading independent global infrastructure investment manager - recently announced that it has closed its first dedicated Climate Fund set up in connection with U.S. International Finance Development Corporation (DFC). And DFC will commit $300 million alongside commitments from funds led by I Squared Capital of $900 million to invest in climate-related infrastructure projects.

Vidia Equity: Climate Fund I Closed At €415 Million

By Amit Chowdhry ● Jan 22, 2024

Vidia Equity - a thematic investor in industrial decarbonization climate solutions - recently announced the final close of its Vidia Climate Fund I. At €415 million, the fund was oversubscribed.

Cart.com: Commerce And Logistics Company Raises $70 Million In Debt Refinancing From Silicon Valley Bank

By Amit Chowdhry ● Jan 22, 2024

Cart.com - a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere - recently announced it has secured a $70 million debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. The latest facility is part of a larger $100 million debt refinancing provided by SVB’s Technology Corporate Banking Division and Trinity Capital.

Oleria: Autonomous Identity Security Solutions Company Raises $33.1 Million

By Dan Anderson ● Jan 22, 2024

Oleria - a company providing adaptive and autonomous identity security solutions - recently announced it has raised $33.1 million in a Series A funding round. This latest funding, which brings the company’s total funding to over $40 million, was led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry VC, and Zscaler. This funding round also enables Oleria to ramp up hiring to accelerate its product innovation, including AI capabilities, as well as its go-to-market strategy.

Kiln: Enterprise-Grade Staking Platform Closes $17 Million In Funding

By Annie Baker ● Jan 22, 2024

Leading enterprise-grade staking platform Kiln announced the closing of a $17 million funding round led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank, and further contributions from existing investors.

New Energy New York Opens Applications For ChargeUp Accelerator

By Amit Chowdhry ● Jan 22, 2024

New Energy New York (NENY) has opened applications for ChargeUp, a new accelerator that will help startups working on battery innovations advance their technology development and their business. And early-stage companies with battery innovations anywhere in the supply chain are encouraged to apply by 11:59 p.m. EST Feb. 23, 2024. Companies accepted into the accelerator will receive $25,000, connections to investors, and opportunities for follow-on investment including up to $100,000 for technical development. The participation in the Binghamton based accelerator is mostly remote, with select weeks in person for instructional workshops and pitches to investor groups.

SKY ENGINE AI: $7 Million Secured To Advance Vision AI Development

By Annie Baker ● Jan 22, 2024

SKY ENGINE AI recently announced it raised $7 million in Series A round to help tech companies improve computer vision with Synthetic Data Cloud for AI developers.

TrusTrace: Product Traceability And Compliance Company Secures $24 Million

By Amit Chowdhry ● Jan 22, 2024

TrusTrace - a global SaaS company with a market-leading platform for product traceability and compliance - recently announced it completed a $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

Alphathena: Funding Raised From ETFS Capital And HPA

By Amit Chowdhry ● Jan 22, 2024

Alphathena - a leading AI-powered direct indexing platform for Registered Investment Advisors (RIAs) - recently announced it has secured a $4-million investment led by ETFS Capital, with Hyde Park Angels (HPA) joining the round.