Startups

Carewell: $24.7 Million Secured To Provide Family Caregivers With Tools For Taking Care Of Loved Ones

By Amit Chowdhry ● Feb 26, 2024

Carewell - an online retailer focused on providing family caregivers with tools and resources to care for their loved ones - announced a $24.7 million Series B capital raise to accelerate further its mission of streamlining access to home health products. This funding round was led by the principals of MBF Healthcare, with participation from existing investors Sageview Capital and Headline, among others. And the company has made several senior-level hires amidst plans to relocate its headquarters to Miami.

Zūm Rails: $10.5 Million Raised To Combine Open Banking And Instant Payments Capabilities

By Amit Chowdhry ● Feb 26, 2024

Zūm Rails - an all-in-one payments gateway that merges open banking with instant payments - announced the closing of a C$10.5 million Series A funding round. This funding round was led by Arthur Ventures - a Minneapolis-based growth equity firm specializing in B2B software.

Helius: $9.5 Million Raised To Help Crypto Applications Build Better On Solana

By Amit Chowdhry ● Feb 26, 2024

Helius - a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana - announced its $9.5 million Series A round closing. These are the details.

Gigamon Raises Significant Strategic Investment From Siris

By Amit Chowdhry ● Feb 26, 2024

Gigamon - a leading deep observability company that helps organizations to effectively secure and manage hybrid cloud infrastructure - announced the completion of a significant strategic investment from Siris, a leading private equity firm focused on investing and driving value creation in technology companies.

Finpilot: $4 Million Raised For Building Finance Specific AI Models

By Amit Chowdhry ● Feb 26, 2024

Finpilot announced $4 million in seed financing led by Madrona with participation from Ascend.vc and angels from leading hedge funds. And Finpilot is applying AI to the challenging task of extracting knowledge out of unstructured financial data, such as the data found in SEC documents, call transcripts, research reports, and private financial documents.

b.well Connected Health Raises $40 Million In Round Led By Leavitt

By Amit Chowdhry ● Feb 26, 2024

b.well Connected Health - a company powering platform-enabled healthcare ecosystems - announced the closing of a $40 million Series C growth round led by Leavitt Equity Partners. Andrew Clark, Managing Partner at Leavitt Equity Partners joins the b.well board of directors.

Reveleer: $65 Million Raised To Advance Sustainable Value-Based Care For Health Plans And Risk-Bearing Providers

By Amit Chowdhry ● Feb 26, 2024

Reveleer - a leading AI-powered healthcare technology data and analytics company committed to advancing sustainable value-based care for health plans and risk-bearing providers - announced it has raised over $65 million in new capital in a financing round led by Hercules Capital.

Rimkus Raises Funding From HGGC

By Amit Chowdhry ● Feb 26, 2024

Rimkus Consulting Group - a worldwide leader in engineering and technical consulting - recently announced that the firm has received a strategic growth investment from HGGC, a leading middle-market investment firm. And existing minority investor Century Equity Partners and the Rimkus management team will be rolling significant equity into the transaction. The financial details of the deal were not disclosed.

Applied Ventures Investing In VVDN Technologies: Details

By Amit Chowdhry ● Feb 25, 2024

Applied Ventures (the venture capital arm of Applied Materials) announced a growth equity investment in VVDN Technologies, one of the leading India-based electronics product design, software, and manufacturing companies. This strategic growth funding from Applied Ventures will enable VVDN to expand the R&D of next-generation semiconductor technologies and electronic products and solutions.

unybrands Raises Series B Funding Round To Scale E-Commerce Businesses

By Amit Chowdhry ● Feb 25, 2024

unybrands, an integrated platform built to scale e-commerce businesses on and off Amazon, recently announced that it closed its largest acquisition to date in an all-cash deal.

Blackbird Health: Neuroscience-Led Youth Mental Health Provider Company Raises $17 Million

By Amit Chowdhry ● Feb 25, 2024

Blackbird Health - a neuroscience-led and technology-backed youth mental health provider - announced it raised $17 million in series A funding. And the funding round was led by Define Ventures and included participation from Frist Cressey Ventures and GreyMatter. Blackbird has raised nearly $23 million to date.

Varana Capital Announces First Close Of Chai10x Fund

By Amit Chowdhry ● Feb 25, 2024

Varana Capital - an asset management platform specializing in venture capital, private equity, and public markets - announced the successful first close of its Chai 10x Fund. With over $20 million secured and over $10 million of additional commitments, this marks the largest first closing for emergency Israel funds to date.

CLARA Analytics Raises Funding From Nationwide Ventures

By Amit Chowdhry ● Feb 25, 2024

CLARA Analytics and Nationwide are deepening their current partnership as CLARA received an investment from Nationwide Ventures, the investment arm of the insurance and financial services company. And Nationwide’s investment comes from its $350 million investment fund. CLARA raised $64 million, including its recently announced Series C.

Abridge: Clinical Documentation AI Leader Raises $150 Million

By Amit Chowdhry ● Feb 25, 2024

Abridge - a leader in generative AI for clinical documentation - announced an additional $150 million investment, utilizing momentum from their product’s rapid uptake among health systems nationwide. This funding round comes just fourth months after their $30 million Series B, and is one of the largest funding rounds made to date in generative AI for healthcare.

Orkes: $20 Million Raised To Scale Distributed Systems

By Amit Chowdhry ● Feb 24, 2024

Orkes - a company with a platform that offers the fastest way to scale distributed systems - announced it has raised $20 million in new funding. Nexus Venture Partners led this latest funding round with participation from existing investors Battery Ventures and Vertex Ventures US. And Nexus Managing Director Abhishek Sharma led his firm’s investment and will be joining the board.

Conservation Labs Raises $7.5 Million To Decode Audio Data Into Actionable Insights For Reducing Carbon Emissions

By Amit Chowdhry ● Feb 24, 2024

Conservation Labs - an artificial intelligence (AI) company that developed a groundbreaking platform that decodes audio data into actionable insights in the built environment to reduce carbon emissions and energy and water usage - announced that it had raised a $7.5 million Series A funding round. This funding round was led by RET Ventures’ Housing Impact Fund and included the participation of Sustain VC.

Insamo Raises $12 Million To Pioneer The Discovery Of Membrane-Permeable And Orally Available Cyclic-Peptides

By Amit Chowdhry ● Feb 24, 2024

Insamo - a biotechnology company pioneering the discovery of membrane-permeable and orally available cyclic peptides - announced $12 million in seed capital from Playground Global, venBio, and MRL Ventures Fund (MRLV). Sahsen Ventures, BEVC, Civilization Ventures, and Axial Ventures also participated in the recent financing.

HealthSnap: Remote Patient Monitoring And Chronic Care Management Company Raises $25 Million

By Amit Chowdhry ● Feb 24, 2024

HealthSnap - a Miami-based Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) solution for healthcare providers - announced its Series B financing totaling $25 million.

Empowerly: $15 Million Secured To Provide Personalized College And Career Guidance

By Amit Chowdhry ● Feb 24, 2024

Empowerly - a data-driven education technology company that provides personalized college and career guidance - announced it has raised a $15 million financing round led by Conductive Ventures.

Novity: $7.8 Million Closed To Optimize Maintenance Operations

By Amit Chowdhry ● Feb 24, 2024

Novity - the provider of the TruPrognostics AI, a truly predictive maintenance AI for process industry clients - announced the successful closure of $7.8 million in financing. WERU Investment led the investment in a global consortium of investors including Myriad Venture Partners and METAWATER, Co., Ltd.

Elektra Health: Women’s Health Company Secures $3.3 Million

By Amit Chowdhry ● Feb 23, 2024

Elektra Health - a digital health platform that empowers women navigating the menopause journey via evidence-based education, medical care, and community - announced $3.3 million in a new funding round led by UPMC Enterprises (the innovation, commercialization, and venture capital arm of UPMC), with participation from Wavemaker 360, and existing investors Flare Capital Partners and Seven Seven Six Fund. This brings the total amount of equity finance raised to $7.6 million. Kathryn Heffernan from UPMC Enterprises and Dr. Monica Jain from Wavemaker 360 have joined Elektra's Board of Directors.

Qloo: Cultural AI Company Raises $25 MIllion

By Amit Chowdhry ● Feb 23, 2024

Qloo - a pioneer in cultural AI - announced it had secured $25 million in Series C funding, highlighting the significant contributions that the company continues to make to the rapidly evolving AI ecosystem. This funding round was led by AI Ventures, with participation from AXA Venture Partners, Eldridge, and Moderne Ventures.

Blue Wire Raises Growth Funding From Decathlon Capital Partners

By Amit Chowdhry ● Feb 22, 2024

Blue Wire (a media production and distribution company that allows independent podcasters to monetize their content) announced it has landed a growth funding package from Decathlon Capital Partners to support its expansion.

BridgeCare: Leading Data Infrastructure Platform For Early Care And Education Raises $10 Million

By Amit Chowdhry ● Feb 22, 2024

BridgeCare - a leading data and technology infrastructure platform for early care and education - announced a $10 million investment from Avenue Growth Partners (Avenue), an early growth equity investor in category-leading vertical SaaS companies. And BridgeCare, a modern SaaS solution with customers in 14 states, will invest in innovation and services to advance the mission of supporting state and local governments in making the ECE system more equitable and effective for all.

Insight M (Kairos Aerospace): Aerial Methane Detection Company Raises $52 Million

By Amit Chowdhry ● Feb 22, 2024

Kairos Aerospace - a leader in high-frequency aerial methane detection for the energy industry - announced the initial closing of its Series D funding at $52 million. The funding round was led by funds and accounts managed by BlackRock, with participation from Hartree Partners and existing investors DCVC, Climate Investment (an investment firm backed by 12 of the largest oil and gas companies in the world), and Energy Innovation Capital. Kairos will be rebranding as Insight M to align with its go-forward vision, a change that will officially launch later in Q1.

Oula: Modern Maternity Care Clinic Company Raises $28 Million

By Amit Chowdhry ● Feb 22, 2024

Oula (the first modern maternity care clinic combining the best of obstetrics and midwifery care) announced it raised a $28 million Series B funding round co-led by Revolution Ventures and Maverick Ventures, with participation from GV and existing investors, including the Female Founders Fund, 8VC, Alumni Ventures, and Great Oaks.

9amHealth: $9.5 Million Raised To Advance Virtual Provider Platform For Cardiometabolic Health

By Amit Chowdhry ● Feb 22, 2024

9amHealth - a leading virtual provider for cardiometabolic health - announced it had raised $9.5 million in a Series A extension round today. The funding round was led by The Cigna Group Ventures, with additional support from existing institutional investors, including 7Wire Ventures, Define Ventures, Leaps by Bayer, and Founders Fund.

DocuPhase Reveals Major Investment From Aquiline Capital Partners And Level Equity

By Amit Chowdhry ● Feb 22, 2024

DocuPhase (a provider of accounting and finance process automation software) has announced a majority investment from Aquiline Capital Partners LP (a private investment specialist in financial services and related technologies) and Level Equity (a private investment firm focused on high-growth software businesses).

Highstreet Receives Investment From CIVC Partners

By Amit Chowdhry ● Feb 22, 2024

CIVC Partners (a Chicago-based middle market private equity firm focused on investments in the business services sector) has announced an investment in Highstreet IT Solutions in partnership with CEO Nick Magliato, CFO Ben Davies, and the Highstreet management team.

Ventiva: Electronic Device Cooling Solutions Company Raises $10 Million

By Amit Chowdhry ● Feb 22, 2024

Ventiva - a leading company in active cooling solutions for electronic devices - announced the successful completion of its $10 million Series C funding round. This investment was obtained from a balanced mix of new money from multiple investment funds along with strong participation from existing investors.