Startups

Shadow: Data Workflow Platform Company Raises $9 Million

By Amit Chowdhry ● Dec 7, 2023

Shadow is a data workflow platform company that aims to lower the cost/complexities of developing on Ethereum. And Shadow announced a $9 million seed round of funding led by Paradigm with additional support from angel investors at Coinbase Ventures, Electric Capital, Ethereum Foundation, Uniswap, and Flashbots.

Twelve Below: $108 Million Raised Across Two Funds

By Amit Chowdhry ● Dec 7, 2023

New York-based venture capital firm Twelve Below recently announced it closed an $80 million second early-stage fund and a $28 million opportunity fund.

Asato: AI-Powered Enterprise Copilot Platform Company Raises $7.5 MIllion

By Amit Chowdhry ● Dec 6, 2023

Asato.ai - an AI-powered enterprise Copilot platform - recently announced the closing of its oversubscribed $7.5 million seed financing round, co-led by Intel Capital and Lip-Bu Tan, with participation from Shah Capital Partners, and several prominent angel investors including Amarjit Gill, serial entrepreneur and investor at Nepenthe Capital, Ash Bhardwaj, entrepreneur and investor, Charlie Giancarlo, CEO and Chairman of Pure Storage, and Sanjay Mehrotra, President and CEO of Micron Technologies.

Bright Uro: $23 Million Closed To Transform Care For Lower Urinary Tract Symptoms

By Amit Chowdhry ● Dec 6, 2023

Bright Uro - a medical device company with a mission to transform care for lower urinary tract symptoms (LUTS) through innovations in urodynamics - recently announced the initial closing of its $23 million Series A financing round led by Laborie Medical Technologies, a leading global provider of urology diagnostic and therapeutic solutions.

Ursa Major: Rocket Propulsion Company Raises $138 Million

By Amit Chowdhry ● Dec 6, 2023

Ursa Major, America's leading privately funded company focused solely on rocket propulsion, recently announced that it closed $138 million in its Series D and D-1 funding rounds. This funding round was led by Explorer 1 Fund and Eclipse and included RTX Ventures, funds and accounts managed by BlackRock, Exor Ventures, Mack & Co., LLC, XN, and other institutional shareholders.

Vendelux: AI-Powered Event Intelligence Platform Company Raises $14 Million

By Amit Chowdhry ● Dec 6, 2023

Vendelux - the first AI-powered event intelligence platform - recently announced it raised a $14 million Series A led by FirstMark Capital with participation from Cervin Ventures, the founders of HLTH, ShopTalk, Money20/20 (Jonathan Weiner), Manifest, Blueprint (Jay Weintraub), and SaaStock (Alex Theuma).

Birdseye: $3 Million Raised To Help Retailers Execute Hyper-Personalized Campaigns

By Noah Long ● Dec 6, 2023

Birdseye - a pioneering force in the retail and e-commerce artificial intelligence sector - recently announced a seed investment of US$3 million from Drive Capital. This funding round follows Drive Capital's previous investment, leading a US$500,000 pre-seed round earlier this year in March. Drive Capital partner Masha Khusid will join Birdseye's board of directors in connection with the funding round.

Retrocausal: Manufacturing Process Management Company Raises $5.3 Million

By Dan Anderson ● Dec 6, 2023

Retrocausal - a leading platform provider for manufacturing process management - recently announced a $5.3 million financing round co-led by Glasswing Ventures, One Way Ventures, and Indicator Ventures, along with participation from existing investors Argon Ventures, Differential Ventures, Ascend Vietnam Ventures, Incubate Fund US, SaaS Ventures, Hypertherm Ventures, Stage Venture Partners, and Techstars.

DuploCloud: End-To-End DevOps Software Platform Company Closes $32 Million

By Amit Chowdhry ● Dec 6, 2023

DuploCloud - an industry pioneer offering a platform engineering solution that encompasses full stack DevOps automation with built-in compliance - recently closed a $32 million Series B funding round, led by WestBridge Capital and StepStone Group and with previous investor Mayfield.

VaLogic Receives Investment From 424 Capital

By Annie Baker ● Dec 6, 2023

424 Capital recently announced that it has completed a significant investment in VaLogic, a leading provider of GMP (Good Manufacturing Practice) and GLP (Good Laboratory Practice) compliance software and services based in Frederick, MD. This strategic deal by 424 Capital aims to expedite positive clinical outcomes by enabling pharmaceutical and biotechnology organizations to focus on the research, development, and production of cutting-edge therapeutics in a compliant and effective manner.

AssemblyAI: $50 Million Raised To Build Superhuman Speech AI Models

By Amit Chowdhry ● Dec 6, 2023

AssemblyAI recently announced it raised $50 million in Series C funding in a round led by Accel, which also led the company’s Series A funding. There was also participation from Keith Block and Smith Point Capital, Insight Partners, Daniel Gross and Nat Friedman, and Y Combinator for this round.

Vivodyne: $38 Million Closed To Develop More Effective Drugs By Testing Them Lab-Grown Human Organs

By Amit Chowdhry ● Dec 6, 2023

Vivodyne - a biotech that discovers and develops more effective drugs by testing them on lab-grown human organs - recently announced the closing of $38 million in total seed financing, led by Khosla Ventures, with participation from Kairos Ventures, CS Ventures, MBX Capital, and Bison Ventures.

Biolexis: AI-Driven Drug Discovery Company Secures $10 Million

By Annie Baker ● Dec 6, 2023

Biolexis Therapeutics - a clinical-stage AI-driven drug discovery company - recently announced the successful closure of a $10 million Series A funding round. This funding round was led by Clarke Capital, which is a prominent institutional investor and alternative investment firm.

VISIE: 3D Computer Vision And Spatial Computing Company Raises $8.2 Million

By Noah Long ● Dec 6, 2023

VISIE (formerly known as Advanced Scanners) recently announced it has raised $8.2 million in an oversubscribed Series A funding round to further its goal of making the unseen seen in surgery. And VISIE is a 3D computer vision and spatial computing company developing deep tech optical scanners for use in robotic and navigated orthopedic, neuro, and spine surgery.

Aviz Networks: Open Networking Software For Cloud-Scale Infrastructure Leader Raises $10 Million

By Dan Anderson ● Dec 6, 2023

Aviz Networks - a leader in open networking software for cloud-scale infrastructures serving telecom and enterprises - recently announced it has added Cisco Investments to its latest funding expansion, joining existing investors Moment Ventures, Accton, and Wistron.

Vimcal: Calendar App Company Raises $4.5 Million

By Annie Baker ● Dec 6, 2023

Vimcal - a calendar app of choice for many founders, executives, and investors in the tech sector - recently announced a $4.5 million funding round led by Altos Ventures. This significant investment reflects Vimcal's rapid growth and the growing market need for a cohesive, accurate meeting booking and scheduling platform that keeps pace with today's distributed, globalized workforce.

Solvento: $50 Million Debt Facility And $3.5 Million Seed Extension Raised

By Amit Chowdhry ● Dec 6, 2023

Solvento - a fintech company that develops payment and credit infrastructure for Latin America’s trucking sector - announced today that it has closed a $50 million debt facility from Lendable and raised an oversubscribed $3.5 million seed extension led by Quona Capital, with participation from Dynamo Ventures, Ironspring Ventures, Proeza Ventures, and Zenda VC.

Energy Dome Receives Funding Commitments From Breakthrough Energy Catalyst And European Investment Bank

By Amit Chowdhry ● Dec 5, 2023

At the COP28 event, Energy Dome announced funding commitments for its first CO2-based and innovative thermo-mechanical energy storage system in Sardinia, Italy. The funding will be in the form of a project-level grant commitment of up to €35 million from Breakthrough Energy Catalyst and €25 million in venture debt financing commitment from the European Investment Bank, both subject to the satisfaction of funding conditions. The funding is being made available through the EU–Breakthrough Energy Catalyst partnership.

Candex: Vendor Management And Tail Spend Solutions Company Raises $45 Million

By Amit Chowdhry ● Dec 5, 2023

Candex - a leading vendor management and tail spend solutions provider - recently announced a Series B investment of $45 million, led by Growth Equity at Goldman Sachs Asset Management with new investor WiL (World Innovation Lab) who both join existing investors Altos, NFX, Craft, JP Morgan, American Express and Edenred.

Mine: Data Privacy Market Company Raises $30 Million

By Amit Chowdhry ● Dec 5, 2023

Mine - a pioneering company disrupting the data privacy marker - announced today that it has raised $30 million in Series B funding, led by Battery Ventures, with significant investments from PayPal Ventures and Nationwide Ventures and with the participation of all existing investors, including Saban Ventures, Gradient Ventures (Google’s AI), MassMutual Ventures and Headline Ventures.

Virtuo: Homeownership Concierge Company Raises C$3.5 Million

By Amit Chowdhry ● Dec 5, 2023

Virtuo - a leading homeownership concierge platform that connects and streamlines tasks associated with moving and beyond - recently announced it has secured CA$3.5 million in a seed funding round, with lead investors ATB Private Equity and TELUS Ventures. This new funding round will fuel Virtuo’s expansion across Canada and into the U.S., enabling it to bring its top-notch customer experience to more homeowners and partners, including realtors, mortgage providers, and builders. And with this latest round, Virtuo’s total funds raised is now over CA$7 million.

CoreWeave: $642 Million Secondary Sale And $7 Billion Valuation

By Amit Chowdhry ● Dec 5, 2023

CoreWeave - a leading specialized GPU cloud provider - recently announced it had closed a minority investment of $642 million led by Fidelity Management & Research Company, with additional participation from Investment Management Corporation of Ontario (IMCO), Jane Street, J. P. Morgan Asset Management, Nat Friedman & Daniel Gross, Goanna Capital, Zoom Ventures and others. This deal was done at at about a $7 billion valuation.

Malou: Over $10 Million Raised To Help Restaurants Increase Sales

By Annie Baker ● Dec 5, 2023

Malou - an all-in-one solution that helps restaurants increase their sales by attracting, retaining, and building customer loyalty - recently announced it has successfully raised over $10 million in funding. This round of funding was led by prominent investors, including the SaaS B2B experts henQ, Bleu Capital, Bertrand Jelensperger (founder of The Fork), Jim Texier (former CPO of Lightspeed), and several restaurant clients.

L Squared: Fourth Fund Closed At $840 Million

By Amit Chowdhry ● Dec 4, 2023

L Squared Capital Partners recently announced that it held the final closing for its fourth private equity fund at $840 million. And L Squared fully committed its $505 million third fund earlier this year with the investment in ERA Industries.

New Era ADR Receives Strategic Investment From Marquee Ventures

By Annie Baker ● Dec 4, 2023

New Era ADR - a dispute resolution technology platform - recently announced an investment by Marquee Ventures, a venture capital fund spun out from the Chicago Cubs. And OnDean, the family office of Andrew Sieja, founder and former CEO of legal tech and eDiscovery giant Relativity also participated in this round.

LucidLink: $75 Million Secured To Enable Instant Access To Data

By Amit Chowdhry ● Dec 4, 2023

LucidLink - a company that is in enabling instant access to data and real-time collaboration for the world's most innovative companies - recently announced that it has raised $75 million in Series C funding, including secondaries, led by Brighton Park Capital an investment firm focused on entrepreneur-led, growth-stage companies within the software, healthcare, and tech-enabled services businesses space.

Monta Vista Capital: $48 Million Fund Closed To Invest In Transformative B2B Startups

By Amit Chowdhry ● Dec 4, 2023

Monta Vista Capital - a leading seed-stage venture capital firm in Silicon Valley for transformative B2B startups - recently announced the launch of its third and largest fund. Like its predecessors, the firm’s new $48 million fund aims to provide the most promising new B2B company founders with access to the experience, agility, and capital needed to deliver on their visions far ahead of the market.

Inclusively: Workforce Inclusion Platform Company Secures $13 Million

By Annie Baker ● Dec 4, 2023

Workforce inclusion platform Inclusively recently announced that it has closed a $13 million Series A round to accelerate enterprise access of their new workplace personalization product Retain. This funding round was led by Firework Ventures, with participation from existing investors, including Benson Capital (the venture arm of Gayle Benson, owner of the Saints and Pelicans).

Osmo: Machine Olfaction Company Raises $8.5 Million

By Annie Baker ● Dec 4, 2023

Osmo - a machine olfaction startup - recently announced it raised a $3.5 million grant from the Bill & Melinda Gates Foundation to advance the company's AI-enabled scent platform for discovering and producing compounds that repel, attract, or destroy disease-carrying insects to improve animal and human health. This grant is in addition to a $5 million equity investment in Osmo that the foundation made at the company's launch in January 2023.

Leap: Virtual Power Plant Company Raises Follow-On Funding From Presidio Ventures

By Noah Long ● Dec 4, 2023

Leap - a leading virtual power plant (VPP) platform - recently announced that it has secured additional equity financing from Presidio Ventures, bringing Leap’s total B-EXT funding to $16 million after a round announced in July 2023.