Startups

Vitara Biomedical: $50 Million Raised To Transform Neonatal Care

By Amit Chowdhry ● Dec 2, 2024

Vitara Biomedical, a privately held company developing breakthrough technology intended to transform neonatal care, announced the closing of a $50 million funding round. The company’s technology was initially developed at the Children’s Hospital of Philadelphia (CHOP), which is one of the leading centers in the world for clinical and scientific innovation in neonatology. Sands Capital led the Series B financing with participation from Google Ventures (GV), First Spark Ventures, Flerie and Khosla Ventures.

Adcendo: $135 Million (Series B) Raised For Developing Treatments To Address Underserved Cancers

By Amit Chowdhry ● Dec 2, 2024

Adcendo, a biotech company focused on developing first-in-class ADCs for treating cancers with a high unmet medical need, announced the closing of an oversubscribed $135 million Series B financing round. The funding was led by TCGX, with participation from new investors TPG Life Sciences Innovations, Orbimed Advisors, Venrock Healthcare Capital Partners, Surveyor Capital (a Citadel company), and Logos Capital, as well as all existing investors, including RA Capital Management, Novo Holdings, Pontifax Venture Capital, Dawn Biopharma, a platform controlled by KKR, HealthCap, Gilde Healthcare and Ysios Capital.

Sagewind Capital Reveals Majority Investment in Aechelon Technology

By Amit Chowdhry ● Dec 2, 2024

Sagewind Capital - a government technology-focused U.S. private equity firm with offices in New York City and Washington, DC, announced a majority investment in Aechelon Technology.

Capitolis Raises Strategic Investments From Citi, Morgan Stanley, State Street, And UBS

By Amit Chowdhry ● Dec 2, 2024

Capitolis, a technology company helping to create safer and more vibrant capital markets, announced new strategic investments from four leading global banks. The new funding round is led by Citi and includes State Street, both existing investors in Capitolis, and new investors Morgan Stanley and UBS.

Cardless: Co-Branded Credit Card Solutions Company Raises $30 Million

By Amit Chowdhry ● Dec 2, 2024

Cardless, a leading fintech company known for transformative co-branded credit card solutions, announced a $30 million growth investment round led by Activant Capital, with participation from new and existing investors, including Mischief (the fund co-founded by Plaid's Zach Perret), Industry Ventures, Thayer Ventures, Assurant and Amex Ventures. This brings Cardless' total equity funding to date to $90+ million.

Eon: Cloud Backup Platform Company Raises $70 Million (Series C) At $1.4 Billion Valuation

By Amit Chowdhry ● Dec 2, 2024

Eon, a next-generation cloud backup platform, announced that it has raised a $70 million Series C funding round led by BOND, growing its valuation to $1.4 billion. Several existing investors joined the round, including Sequoia Capital, Greenoaks, and Lightspeed Venture Partners.

AMPECO: EV Charging Management Company Secures $26 Million (Series B)

By Amit Chowdhry ● Dec 2, 2024

AMPECO, a leading EV charging management platform provider, announced it raised $26 million in Series B funding. The funding round was led by Revaia, with participation from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This latest funding round brings its all-time raise to $42 million since it was founded in 2019.

University Of Cincinnati’s 1819 Venture Lab Partnering With Flywheel For SustainableCincy Cohort

By Amit Chowdhry ● Dec 1, 2024

The University of Cincinnati’s 1819 Venture Lab—in partnership with the Flywheel Social Enterprise Hub—announced it is helping five socially minded startups grow. The first-ever SustainableCincy collaboration between these two startup accelerator programs is expected to drive positive social impact and innovation throughout Greater Cincinnati.

Allink Biotherapeutics: $42 Million (Series A) Raised To Transform Bispecific Antibody And Antibody-Drug Conjugate Therapeutics

By Amit Chowdhry ● Dec 1, 2024

Allink Biotherapeutics, a clinical-stage biotechnology company pioneering next-generation bispecific antibody and antibody-drug conjugate (ADC) therapeutics, announced the completion of a $42 million Series A financing. The funding round was led by Lanchi Ventures with participation from an elite syndicate of new investors, including Yuanbio Venture Capital, Legend Capital, and C&D Emerging Industry Equity Investment, along with support from existing shareholders Gaorong Ventures and Med-Fine Capital.

Stax.ai: $7 Million Raised To Help TPAs Streamline Operations

By Amit Chowdhry ● Dec 1, 2024

Stax.ai, a transformative solution that empowers retirement third-party administrators (TPAs) to streamline their operations and create efficiencies previously deemed impossible, announced $7 million in new funding led by Neotribe. To date, the company has raised $11.65 million. It will continue its momentum by investing in its next phase of customer growth and product development while building its leadership team.

Eden AI: AI Integration Company Raises €3 Million (Seed)

By Amit Chowdhry ● Dec 1, 2024

AI integration company Eden AI announced it raised a €3 million seed round led by Galion.exe. 50 Partners and several prominent business angels participated, including Olivier Pomel (Co-Founder of Datadog), Sébastien Pahl (Co-Founder of Docker), and Alix de Sagazan (Co-Founder of ABTasty).

Aira Technologies: $14.5 Million (Series B) Raised To Apply AI To Cellular Network Infrastructure

By Amit Chowdhry ● Dec 1, 2024

Aira Technologies, a leader in applying AI to cellular network infrastructure, announced it has raised $14.5 million in Series B to expand and accelerate its AI/ML-based solutions to drive improvements in operating, energy, and spectral efficiency.

StoreCash: Cashback And Financial Mobile Application Company Raises $3.7 Million (Seed)

By Amit Chowdhry ● Dec 1, 2024

StoreCash, a cashback and financial mobile application company, announced the close of a $3.7 million seed round led by Black Operator Ventures (Black Ops). Returning investor MaC Venture Capital (MaC VC), 43North Foundation, Alumni Ventures, Buffalo Angels, Popular Ventures, and Mucker Capital participated.

Solvento: $12.5 Million (Series A) Raised To Automate Payments And Invoices For Trucking Companies

By Amit Chowdhry ● Nov 30, 2024

Solvento - a fintech company that automates payments, finances invoices, and addresses liquidity needs for carriers in the trucking industry in Mexico and the US - announced it raised $12.5 million in its Series A funding round.

Levanta: Amazon Seller Marketing Platform Company Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 30, 2024

Levanta, a leading affiliate marketing platform for Amazon sellers, announced it raised a $20 million Series A funding round led by Volition Capital. This funding will enable Levanta to expand its platform capabilities, accelerate growth, and cement its position as a leading creator-driven commerce platform for Amazon sellers.

MetOx: High Temperature Superconducting Company Secures $15 Million

By Amit Chowdhry ● Nov 30, 2024

MetOx International - a U.S. leader in High Temperature Superconducting (HTS) technology - announced the closing of its Series B funding round, securing an additional $15 million from a strategic syndicate of investors, such as Duquesne Family Office, Piedmont Capital, Crosscut Ventures, New System Ventures, John Doerr's Family Office together with Ryan Panchadsaram, among others.

Spectro Cloud: Kubernetes Management Company Raises $75 Million (Series C)

By Amit Chowdhry ● Nov 29, 2024

Spectro Cloud, a leader in modern multi-cluster Kubernetes management at scale across a variety of deployment environments, including on-premises hardware, single and multi-cloud, and the edge, announced it has raised a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.

Flipturn: EV Fleet Management Company Raises $11 Million (Series A)

By Amit Chowdhry ● Nov 29, 2024

Flipturn, an electric vehicle (EV) charger, and fleet management platform announced it had raised $11 million in a Series A round led by CRV with participation from Accel. Flipturn helps fleets manage chargers and their overall fleet operations. This funding round will enable the team to continue on its quest to expand into broader charging and energy management solutions.

Constrafor: Construction Software Company Raises $264 Million (Equity & Credit Facility)

By Amit Chowdhry ● Nov 28, 2024

Constrafor, a software provider for the construction industry, today announced the closing of its $264 million Series A funding round. This funding, comprising an equity component of $14 million and a $250 million credit facility, has been led by NFX on the equity side, and Wafra and Crestline Investors on the credit side.

CalTier: Real Estate & Alternative Investment Company Raises Funding (Series B)

By Amit Chowdhry ● Nov 28, 2024

CalTier, a leader in real estate and alternative investment platform, announced the launching of its Series B round of funding, a significant milestone in its journey to democratize access to high-quality real estate investments.

Ecolectro: Green Hydrogen Electrolyzer Company Secures $10.5 Million (Series A)

By Amit Chowdhry ● Nov 28, 2024

Ecolectro, a leader in green hydrogen technology, announced the closing of its $10.5 million Series A funding round, led by Toyota Ventures with participation from Starshot Capital, DNX Ventures, Energy Revolution Ventures, New Climate Ventures, Banco Popular Impact Fund, and Techstars, and others.

360Player: $25 Million Investment From Five Elms Capital

By Amit Chowdhry ● Nov 27, 2024

360Player, a leading all-in-one digital platform for modern sports clubs, announced a $25 million strategic growth investment from Five Elms Capital. This funding round will support 360Player's ambitious plans to expand its integrated platform for clubs, coaches, players, and parents across new international markets.

Serenity: AI-Based EHS Software Solutions Company Raises $5.5 Million (Series A)

By Amit Chowdhry ● Nov 27, 2024

Serenity, a leader in innovative AI-based Environmental, Health, and Safety (EHS) software solutions, announced the closing of a $5.5 million Series A funding round. The funding was led by Allegion Ventures, with follow-on participation from existing investor Base10 Partners.

Folks Finance: $3.2 Million (Series A) Raised At $75 Million Valuation For Expanding DeFi Solutions Platform

By Amit Chowdhry ● Nov 27, 2024

Folks Finance—a leading DeFi platform where users can lend, borrow, trade, and manage their digital assets across multiple blockchains—announced at Web Summit 2024 that it has raised $3.2 million in an oversubscribed Series A round led by Borderless Capital at a final valuation of $75 million. The funding round also saw participation from SOVO Ventures, Mapleblock, Algorand Ventures, and others, bringing total investment into the platform to $6.2 million.

Quikrete Taking Summit Materials Private In $11.5 Billion Deal

By Amit Chowdhry ● Nov 27, 2024

Aggregates and cement producer Summit Materials announced it has entered into a definitive agreement to be acquired by Quikrete Holdings for $52.50 per share in cash, for a total enterprise value of about $11.5 billion, including debt. The deal price represents an approximately 36% premium to Summit's unaffected 90-day volume weighted average price (VWAP)1 and an approximately 29% premium to Summit's unaffected share price. The Summit and Quikrete Boards of Directors have unanimously approved this combination.

Conduction: Music Education Company Raises Pre-Seed Funding

By Amit Chowdhry ● Nov 27, 2024

Conduction, an ed-tech company transforming the music classroom, announced a $265,000 pre-seed investment from the Richard King Mellon Foundation. The funding will advance the company’s proprietary music software modules, increase corporate partnerships, and expand operations in schools across Pennsylvania and throughout the US.

Tricentis: Continuous Testing Company Raises $1.3 Billion From GTCR At $4.5 Billion Valuation

By Amit Chowdhry ● Nov 27, 2024

Tricentis, a global leader in continuous testing and quality engineering, announced that leading private equity firm GTCR has signed a definitive agreement to invest $1.33 billion in the company, valuing the enterprise at $4.5 billion and advance Tricentis for future growth and innovation.

Range: AI-Based Wealth Tech Company Raises $28 Million (Series B)

By Amit Chowdhry ● Nov 26, 2024

Range, an all-in-one AI WealthTech platform, announced it raised $28 million in Series B funding, led by Cathay Innovation and joined by Gradient Ventures and other investors. This funding round brings the company's total funding to $40 million.

Practice Better Closes $13 Million In Growth Capital From CIBC

By Amit Chowdhry ● Nov 26, 2024

CIBC Innovation Banking announced a $13 million growth capital facility for Practice Better, a leading all-in-one practice management software platform serving health and wellness professionals. The funding will support Practice Better's continued expansion into new markets and accelerate product innovation, empowering health and wellness professionals to reach millions of clients.

Wherobots: Spatial Intelligence Cloud Company Secures $21.5 Million (Series A)

By Amit Chowdhry ● Nov 26, 2024

Wherobots, a Spatial Intelligence Cloud company built by the original creators of Apache Sedona Mo Sarwat and Jia Yu, announced the closing of a $21.5 million Series A funding round to accelerate the delivery of modern solutions that close the intelligence gap between our physical and digital worlds. Felicis led the funding round, which also received continued support from Wing Venture Capital and Clear Ventures and participation from JetBlue Ventures and P7 Ventures.