Startups

Timeline: Longevity Biotech Company Raises $66 Million In Funding

By Amit Chowdhry ● Jan 22, 2024

Timeline - a consumer health biotech company at the forefront of developing innovative solutions for healthy aging and longevity - recently announced that it raised CHF 56 million ($66 million) in an oversubscribed Series D financing round. This marked a significant milestone for the company, including strategic investments from two global industry leaders, L’Oréal and Nestlé.

RocketStar: Rocket Propulsion Technology Company Raises $2 Million And Buys Miles Space

By Noah Long ● Jan 22, 2024

RocketStar - a frontrunner in transforming the boundaries of space exploration and satellite services - recently announced a series of achievements that enable the company to take advantage of the $10 billion space propulsion market. These achievements include securing a $2 million seed investment, acquiring Miles Space (a space propulsion and spacecraft manufacturer), and announcing a new member to its board of directors, Mitchel Simpler.

Lative: Sales Performance Automation Company Raises $3 Million

By Amit Chowdhry ● Jan 22, 2024

Lative - a leading sales performance, efficiency, and planning platform for high-performance B2B revenue and finance teams who want to automate their analysis and planning to maximize profitable sales growth and improve revenue efficiency - announced it has raised $3 million in seed funding. The company previously raised a $1.5 million pre-seed round at the beginning of 2022.

Lightship: All-Electric RV Company Closes $34 Million In Funding

By Noah Long ● Jan 22, 2024

Lightship - which is America's first all-electric RV company - recently announced the completion of a $34 million Series B financing to accelerate production of the Lightship L1. The funding round was co-led by Obvious Ventures and Prelude Ventures and joined by Allegis Capital and global RV manufacturer THOR Industries and its investment partner TechNexus Venture Collaborative. Returning investors Congruent Ventures, HyperGuap, and Alumni Ventures also joined the fundraise.

QDI Systems: €5 Million Raised To Transform The Medical Imaging Industry

By Amit Chowdhry ● Jan 22, 2024

QDI Systems - a deep technology company based in Groningen - recently announced its Series A funding of €5 million to scale up its revolutionary quantum dots technology for the medical sector and new markets. NOM, the Investment and Development Agency for the Northern Netherlands led this funding round. They were joined by the company's previous investors, Carduso Capital, RuG Ventures, and the renowned Nordic venture capital fund Maki.vc.

Cleveland Diagnostics: $75 Million Raised For Developing Early Cancer Detection Tests

By Amit Chowdhry ● Jan 22, 2024

Cleveland Diagnostics - a clinical-stage biotechnology company developing next-generation diagnostic tests for the early detection of cancers - announced the closing of over $75 million in growth capital financing. The funding was led by Novo Holdings, a leading global life sciences investor responsible for managing the assets of the Novo Nordisk Foundation, along with participation from existing investors and a credit facility from Symbiotic Capital. The financing will accelerate Cleveland Diagnostics’ commercial and corporate development goals.

CorriXR: Oncology-Focused Biotherapeutics Development Company Raises Funding

By Amit Chowdhry ● Jan 22, 2024

Cortado Ventures - a leading investment firm committed to supporting innovation and growth - announced a strategic investment in CorriXR Therapeutics, an oncology-focused biotherapeutics development company with a pioneering gene editing platform technology. And this investment solidifies Cortado's commitment to advancing cutting-edge medical solutions and supporting the development of groundbreaking treatments for cancer.

Vicarius: End-To-End Vulnerability Remediation Platform Company Raises $30 Million

By Amit Chowdhry ● Jan 22, 2024

Vicarius - the developers of vRx (the industry’s first fully autonomous end-to-end vulnerability remediation platform) announced a $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). And AllegisCyber Capital, AlleyCorp, and Strait all participated in the financing. The company’s total funding is now over $56 million.

Sway (Formerly Returnmates) Secures $19.5 Million In Funding

By Noah Long ● Jan 22, 2024

Sway (formerly Returnmates) is a technology company that enables customer-centric delivery and return experience. And the company rebranded to Sway, a name representative of the multi-directional services offered to retailers, expanding beyond returns to incorporate last-mile delivery.

Prismatic: Embedded Integration Platform Company Raises $22 Million

By Amit Chowdhry ● Jan 22, 2024

Prismatic - a leading embedded integration platform - recently announced $22 million in Series B funding to drive platform innovation. Five Elms Capital led the funding round, which is the growth equity firm's second investment in Prismatic in less than a year.

Uptake Alliance: Inaugural Cohort Of 15 Climate Tech Startups Announced

By Dan Anderson ● Jan 18, 2024

Uptake Alliance - an emerging venture development program focused on fostering breakthrough climate technologies - announced the selection of its inaugural startup cohort. The innovation program - which was designed to facilitate and propel startups to secure commercial agreements, boost revenue, assemble exceptional teams, and secure funding - launches later this month.

Build A Rocket Boy: Gaming Company Raises $110 Million In Series D

By Dan Anderson ● Jan 18, 2024

Build A Rocket Boy - a leading independent gaming and entertainment company - recently announced closing on a Series D fundraising round worth over $110 million.

Sayari: Supply Chain Risk Intelligence Provider Company Raises $228 Million

By Amit Chowdhry ● Jan 18, 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 - which is the firm’s middle market and growth equity platform - to make an up to $228 million strategic majority investment in Sayari. Sayari’s founders, employees, and existing investors will retain a significant stake in the company.

Zip Closes $225 Million Debt Facility With Victory Park Capital

By Annie Baker ● Jan 18, 2024

Victory Park Capital (VPC) - a global alternative investment firm specializing in private credit - recently announced that it has closed a refinancing agreement for a US$225 million debt facility with Zip Co Limited, a global leader in the digital retail finance and payments industries. The deal will support the growth of Zip’s US receivables.

Kusari: $8 Million Secured To Bring Security To The Software Supply Chain

By Amit Chowdhry ● Jan 18, 2024

Kusari - a software supply chain security startup - recently announced it raised $8 million through combined investments in pre-seed and seed round funding. The seed funding round was led by J2 Ventures and co-led by Glasswing Ventures with participation from Unusual Ventures, which previously invested $2 million in pre-seed funding.

TrusTrace: $24 Million Raised To Advance Product Traceability And Compliance Platform

By Amit Chowdhry ● Jan 18, 2024

TrusTrace - a global SaaS company with a market-leading platform for product traceability and compliance - announced today the completion of a (U.S.) $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.

Quantinuum: $300 Million Raised At $5 Billion Pre-Money Valuation

By Amit Chowdhry ● Jan 17, 2024

Honeywell has announced the closing of a $300 million equity fundraise for Quantinuum (the world's leading integrated quantum computing company) at a pre-money valuation of $5 billion. The funding round was anchored by Quantinuum's strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell - which remains as the company's majority shareholder.

Xyte: Servitization Platform Company Raises $30 Million

By Amit Chowdhry ● Jan 17, 2024

Xyte - a developer of the first all-in-one servitization platform for device and hardware manufacturers - recently announced a $30 million investment round, which includes $20 million in Series A funding led by Intel Capital, with participation from Samsung Next and existing investors S Capital and Mindset Ventures, and $10 million in venture lending from funds and accounts managed by BlackRock.

SMX: $5 Million Contract Signed With R&I Trading

By Noah Long ● Jan 17, 2024

SMX (Security Matters) PLC recently announced a $5 million contract with R&I Trading of New York. This project (spearheaded by the SMX team) will deploy SMX's cutting-edge technology to enhance supply chain transparency with respect to a NATO member state and with the expectation of expanding to further NATO member states.

Secret Double Octopus: Passwordless Solutions Company Secures $15 Million

By Annie Baker ● Jan 17, 2024

Secret Double Octopus - a market leader in Passwordless solutions for the enterprise workforce - recently announced the successful closure of a Series C funding round. And since 2022, the company has raised another $15 million in capital, including this most recent equity round led by BGV. The funding round - which has the backing of both new and existing strategic investors, including JVP, SCV & KDDI - will help the company satisfy the increasing demand for its workforce-centered Passwordless authentication solution.

LAND: Electric Mobility And Portable Battery Company Raises $3 Million

By Dan Anderson ● Jan 17, 2024

Cleveland-based electric mobility and portable battery manufacturer LAND recently announced a new $3 million anchor investment to help scale production and innovation of its cloud-connected CORE battery system.

DelSiTech: Clinical-Stage Drug Delivery Company Raises €10 Million

By Dan Anderson ● Jan 17, 2024

Clinical-stage drug delivery and development company DelSiTech recently announced the successful completion of a €10 million financing round, the largest single financing round in the company's history.

Infield: $3 Million Secured To Make Open Software More Safe

By Annie Baker ● Jan 17, 2024

Infield recently announced $3 million in funding for its comprehensive open-source dependency manager. Foundation Capital led the funding round with participation of YCombinator and Firsthand Alliance. Adam Gross (former CEO of Heroku), Jonathan Siddarth (founder of Turing), and Austin Ogilvie (founder of Thoropass) also joined as investors. And Infield makes open-source dependency upgrades safer and more efficient.

INERATEC: E-Fuel Company Closes $129 Million In Funding

By Amit Chowdhry ● Jan 17, 2024

INERATEC - a pioneering e-fuel company - recently announced it has raised over $129 million in its Series B funding round, led by Piva Capital with additional participation from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures, and the increased support from current investors, including global corporates like ENGIE New Ventures, Safran Corporate Ventures and Honda. The investment consortium for the Series B funding round included Planet A Ventures, MPC, High-Tech Gründerfonds, FO Holding, Safran Corporate Ventures, Honda, ENGIE New Ventures, HG Ventures, TDK, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures, Piva Capital.

Thomvest Ventures: $250 Million Fund Raised, Bringing Total AUM To $750 Million

By Amit Chowdhry ● Jan 17, 2024

Thomvest Ventures (a venture capital firm founded by Peter Thomson) recently announced a new $250 million fund and the promotion of Umesh Padval and Nima Wedlake to the role of Managing Director. This new fund brings the firm's total assets under management (AUM) to $750 million, enabling the firm to invest in the next generation of companies across the firm's core focus areas of financial and real estate technology, cybersecurity, cloud and AI infrastructure.

weavix: Frontline Communication Company Secures $23.6 Million

By Dan Anderson ● Jan 17, 2024

weavix - a Wichita-based technology firm specializing in frontline communication and efficiency solutions - recently announced it has successfully raised $23.6 million in its latest Series B funding round. The funding round was led by global software investor Insight Partners, with participation from Four More Capital, The Friedkin Group, and Perkins Coie. And as strategic partners and leaders in the industrial world, they now join Koch Disruptive Technologies, which previously invested $10 million in Series A funding in January 2022.

DocuSketch: Growth Investment Secured From Summit Partners

By Dan Anderson ● Jan 17, 2024

DocuSketch - a leading provider of process optimization solutions for the North American property restoration industry - recently announced a minority growth investment from Summit Partners. The new funding round will help DocuSketch support customers and partners and accelerate R&D investments, including integrating advanced AI applications into its product portfolio. DocuSketch management will retain majority ownership in the business.

Mercor: $3.6 Million In Funding Raised To Launch Fully Automated Platform

By Amit Chowdhry ● Jan 17, 2024

Mercor co-founder and CEO Brendan Foody has announced that the company has raised $3.6 million in funding to launch a fully automated platform. The funding round was led by General Catalyst and included participation from Scott Sandell (Chairman, CEO, and CIO of NEA), Soma Capital, Link Ventures, and 2 | Twelve Angels.

AccessParks: Strategic Investment Raised From M/C Partners

By Dan Anderson ● Jan 17, 2024

M/C Partners - a leading private equity firm focused on digital infrastructure and technology services sectors - recently announced a significant growth investment in AccessParks. Launched in 2016, the company provides high-performance Broadband connectivity to RV Parks, National and State Parks, and Manufactured Housing Communities (MHC) nationwide. This investment will drive accelerated growth across AccessParks' business lines and capital for strategic acquisitions.

Cyrano Therapeutics: $9 Million Raised To Help Combat Smell Loss

By Dan Anderson ● Jan 17, 2024

Cyrano Therapeutics - a regenerative medicine company pioneering the development of treatments for smell loss - recently announced that it has secured a $9.0 million Series B financing to advance the development of CYR-064 as a potential first-ever treatment for post-viral smell loss (hyposmia). Co-lead investors participating in the financing include the Florida Opportunity Fund, managed by DeepWork Capital, and existing investors Lumira Ventures and Remiges Ventures.