Startups

Albedo: $35 Million Closed To Offer Aerial Quality Imagery From Space

By Amit Chowdhry ● Jan 23, 2024

Albedo - a company to offer aerial quality imagery from space enabled by the new orbit frontier of VLEO (very low earth orbit) - announced a $35 million Series A-1 financing round led by Standard Investments, bringing the company’s total funding to $97 million.

PhageLab: $11 Million Secured For Developing Bacteriophage Solutions To Treat Livestock Bacterial Outbreaks

By Noah Long ● Jan 23, 2024

PhageLab - a biotechnology company developing bacteriophage-based applications to seek and destroy multidrug resistant bacteria in the livestock industry - announced today a $11 million funding round with investment from Nazca, Collaborative Fund, Water Lemon Ventures and individual investor Kevin Efrusy.

Ansel: $20 Million Raised To Bring Supplemental Insurance To Americans

By Annie Baker ● Jan 23, 2024

Ansel - an insurtech company to build a world where health hardships do not create financial burdens - announced recently that it had raised $20 million in funding led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management, and several others.

Bluewhite: Agricultural Robot-As-A-Service Company Raises $39 Million

By Annie Baker ● Jan 23, 2024

Bluewhite - an agricultural Robot-as-a-Service (RaaS) company enabling data-driven autonomous farming - recently announced that it secured $39 million in Series C financing led by Insight Partners, with participation from new investors Alumni Ventures and LIP Ventures, among others. And existing investors Entrée Capital, Jesselson, and Peregrine Ventures also participated in the financing round.

Silverfort: Identity Protection Company Secures $116 Million In Funding

By Amit Chowdhry ● Jan 23, 2024

Silverfort - a leading identity protection company - recently announced $116 million in series D funding, bringing the total amount raised to $222 million. Brighton Park Capital (BPC) led the funding round, with participation from existing investors, including Acrew Capital, Greenfield Partners, Citi Ventures, General Motors Ventures, Maor Investments, Vintage Investment Partners, and Singtel Innov8.

Elephas Biosciences: Oncology Imaging Diagnostics Platform Company Raises $55 Million

By Amit Chowdhry ● Jan 23, 2024

Elephas Biosciences announced today that it has raised $55 million in Series C funding. Venture Investors Health Fund and State of Wisconsin Investment Board (SWIB) led the round.

Visit Group: Hospitality Software Solutions Company Raises Over €100 Million

By Annie Baker ● Jan 23, 2024

Visit Group - a market-leading Nordic-based hospitality and travel software company - recently announced more than €100 million in strategic growth investment from PSG Equity (“PSG”), a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth. PSG is acquiring a majority stake in the company.

EMPEQ Raises Funding From Leonid Capital Partners

By Annie Baker ● Jan 23, 2024

Leonid Capital Partners - a leading provider of alternative financing solutions for US Defense contractors - recently announced a strategic investment in EMPEQ, a technology company tackling critical National Security challenges through advanced materials analysis.

XGS Energy: Geothermal Energy Technology Company Raises $9.7 Million

By Annie Baker ● Jan 23, 2024

XGS Energy - an innovator in next-generation geothermal energy technology - announced that it has raised an additional $9.7 million.

TPG Investing $228 Million In Sayari

By Amit Chowdhry ● Jan 23, 2024

Sayari (a counterparty and supply chain risk intelligence provider trusted by government agencies, multinational corporations, and financial institutions) and TPG (a global alternative asset management firm) announced that they have signed a definitive agreement for TPG Growth, the firm’s middle market and growth equity platform, to make an up to $228 million strategic majority investment in Sayari. And Sayari’s founders, employees, and existing investors will retain a significant stake in the company.

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.