Startups

Cove: Funding Round Raised To Transform Sustainable Packaging

By Annie Baker ● Oct 12, 2023

Cove recently announced the closing of its latest funding round, which will enable it to supply its biodegradable materials and packaging technologies to consumer-packaged goods companies trying to reduce plastic use in the industry. And Cove's packaging is biodegradable and home-compostable - naturally occurring and completely free of synthetic plastics or microplastics.

Ounce Closes $5.2 Million To Build Bridges Between Housing And Health

By Amit Chowdhry ● Oct 12, 2023

Ounce - a company bridging the gap between health and housing - recently announced it has raised $5.2 million in seed funding and partnered with AmeriHealth Caritas D.C. and National Housing Trust to bring care coordination and wraparound services to over 2,000 residents of affordable housing across 9 properties in D.C. This round of funding was co-led by Meridian Street Capital and Flare Capital, with participation from: Chelsea Clinton's Metrodora Ventures, Wilshire Lane Capital, Chris Nassetta (Hilton CEO), Taylor Justice (Unite Us cofounder), and others.

Clinical Trial Intelligence Platform Lokavant Raises $8 Million

By Noah Long ● Oct 12, 2023

Clinical trial intelligence platform company Lokavant recently announced an $8 million strategic investment from global business titan Mitsui & Co. Ltd. to expand its AI-optimized platform across the Asia-Pacific (APAC) region. One of Lokavant’s earliest customers CMIC Group is the largest contract research organization (CRO) in Japan and Lokavant’s foray into Japan’s established clinical research market. Now, with Mitsui’s support, Lokavant is poised to open a new APAC headquarters in Tokyo.

Pow.Bio Closes $9.5 Million To Develop Intelligent Continuous Fermentation Technologies

By Annie Baker ● Oct 12, 2023

Pow.Bio recently announced a $9.5 million Series A round. Re:Food and Thia Ventures led the funding round, and they were joined by Hitachi Ventures - the strategic corporate venture capital arm of Hitachi, Ltd. - with participation from Possible Ventures, XFactor Ventures, Bee Partners, iSelect, Climate Capital, Vectors Angel, Better Ventures, and Cantos.

Saleo: Sales Demo Experience Platform Company Raises $13 Million

By Noah Long ● Oct 12, 2023

Saleo - the creator of the first and only live demo automation platform - recently announced that it has raised $13 million from Emergence Capital and Tech Square Ventures to help revenue teams create unprecedented demo experiences with real data that are so personalized for prospects, they've been shown to cut sales cycles in half.

EV Infrastructure Company Bolt.Earth Secures $20 Million

By Dan Anderson ● Oct 12, 2023

Bolt.Earth - India's leading EV infrastructure and software company - recently announced the successful completion of its funding round, securing a substantial $20 million in investment. This funding round was spearheaded by a consortium of longstanding and new investors, featuring notable names including Union Square Ventures, Prime Venture Partners, ITIGO Funds, and several others - who share Bolt.Earth's vision for a sustainable and electrified transportation ecosystem.

SafeRide Health Closes Funding Round To Connect Patients Of The Largest Medicaid, Medicare Advantage, And Provider Programs

By Noah Long ● Oct 12, 2023

SafeRide Health— a leading technology-first platform connecting patients of the nation’s largest Medicaid, Medicare Advantage, and provider programs to life sustaining care— recently announced a Series C funding funding round to further scale its non-emergency medical transportation (NEMT) technology and services, led by Sands Capital.

Observability Platform Company Observe Secures $50 Million

By Dan Anderson ● Oct 12, 2023

Observe - a SaaS observability company reinventing the way machine-generated data is stored, managed and analyzed - recently announced Hubble, its biggest and most innovative product release to date. The company also announced a $50 million Series A3 funding round led by Sutter Hill Ventures, bringing total funding raised to date to $164.5 million.

Pharmaceutical Supply CDMO Company Experic Raises Series B Extension

By Annie Baker ● Oct 12, 2023

Experic - a contract development and manufacturing organization (CDMO) and clinical supply services company serving the biopharmaceutical industry - recently announced the successful completion of a Series B extension round of financing. And the additional funding round is earmarked to support the company’s double-digit organic growth and strategic investments in key operational assets.

Beauty Products Company Carson Life Secures Multi-Million Dollar Growth Funding

By Annie Baker ● Oct 12, 2023

Carson Life - a natural health and beauty products company focused on the Hispanic community - recently announced that it has scored a multi-million dollar investment from Decathlon Capital Partners. The details of the revenue-based investment were not disclosed.

Gradient Closes $10 Million In Seed Funding To Transform LLM Application Development

By Amit Chowdhry ● Oct 12, 2023

Gradient - an API platform for AI developers - recently announced it has raised $10 million in seed funding led by Wing VC, with participation from Mango Capital and Tokyo Black.

Lemurian Labs: $9 Million Raised To Accelerate Computing Platform For AI Apps

By Amit Chowdhry ● Oct 12, 2023

Lemurian Labs recently announced it has secured $9 million in seed funding to develop an accelerated computing platform tailored explicitly for AI applications. This funding round was led by Oval Park Capital, with participation from Good Growth Capital, Raptor Group, and Alumni Ventures. Additional investments were from Untapped Ventures, Plug and Play Ventures, Silicon Catalyst Angels, Blue Lake Capital, Futureland Ventures, AI Operators Fund, and Tola Capital.

Auto Retail Focused Conversational AI Company Konect.ai Raises $5.5 Million

By Dan Anderson ● Oct 12, 2023

Konect.ai - a pioneering SaaS company at the forefront of conversational AI technology for the automotive retail industry - recently announced a $5.5 million seed investment from Silverton Partners. This funding round will fuel Konect.ai's mission to transform how auto dealerships and auto tech companies engage with their customers through advanced AI-driven communication.

Section 32: Oversubscribed $525 Million Fund 5 Closed

By Amit Chowdhry ● Oct 12, 2023

Section 32 (S32) recently announced the closing of its Fund 5, an oversubscribed $525 million investment vehicle to back and scale companies innovating at the forefront of technology. Fund 5 will invest in companies that are pushing the boundaries in software and AI to enable new capabilities and step-changes in performance across markets including enterprise software, cybersecurity, data infrastructure, gaming, fintech, precision medicine and computational biology.

Machina Labs Raises $32 Million To Manufacture Advanced Composite And Metal Products

By Annie Baker ● Oct 12, 2023

Machina Labs - which combines AI and robotics to manufacture advanced composite and metal products rapidly - recently announced that it has closed a Series B investment for $32 million.

Leonid Capital Partners: Private Credit Fund I Oversubscribed At More Than $240 Million In Capital

By Annie Baker ● Oct 12, 2023

Leonid Capital Partners (LEONID) - an alternative investment management firm focused on private credit with the U.S. National Security market - recently announced the oversubscription and upcoming final closing of Leonid Opportunities Fund I LP. This oversubscribed fund is closing with approximately $240 million of capital commitments, including an investment from Victory Park Capital. LEONID received strong support from new and existing institutional investors for this fund.

Intuit: Coalfield Solar Fund First-Year Winners Announced

By Amit Chowdhry ● Oct 11, 2023

Intuit - the global financial technology platform behind Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp - recently announced the inaugural winners of the Coalfield Solar Fund initiative. In partnership with Secure Solar Futures and the NEED project, the initiative is designed to advance renewable energy and create new career pathways for Coalfield communities in Virginia and West Virginia.

Acceldata: $10 Million Series C Funding Extension Raised

By Amit Chowdhry ● Oct 11, 2023

Acceldata - the market leader in enterprise data observability - recently announced the company has achieved 100% year-over-year revenue growth and a $10 million Series C extension funding round from new investor Prosperity7 Ventures to drive its go-to-market expansion.

RENCO USA: $18 Million Raised To Distribute Composite Structural Building Systems

By Annie Baker ● Oct 11, 2023

RENCO USA - a company specializing in manufacturing and distributing a revolutionary composite structural building system - recently announced it has closed a first round of financing by issuing $18 million in convertible notes, which values the company at $318 million.

Reserv: AI-Driven Insurance Claims Processing Company Secures $20 Million

By Dan Anderson ● Oct 11, 2023

Reserv - a leader in AI-driven insurance claims processing - recently announced the closing of its $20 million Series A round of financing to expand its generative AI claims data analysis tools. This latest funding round was co-led by Altai Ventures and Bain Capital Ventures (BCV) with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures and Arch Capital Group.

Cruz: Funding Received From Jony Ive

By Amit Chowdhry ● Oct 11, 2023

Cruz - a consumer technology company that creates exceptional products that are built to last - recently announced a significant investment round from former Apple executive Jony Ive.

Warburg Pincus Investing In Everise At About $1 Billion Valuation

By Annie Baker ● Oct 11, 2023

Everise (a leading global healthcare services outsourcing company) recently announced that Warburg Pincus (a leading global growth investor) has agreed to invest in the company. Warburg Pincus joins existing investor Brookfield and investors are committed to accelerating the company's growth trajectory through business expansion and M&A. Warburg Pincus' investment values the company at around $1 billion.

Evo Security: $1 Million Raised From Strategic Cyber Ventures

By Dan Anderson ● Oct 11, 2023

Strategic Cyber Ventures - a leading cybersecurity-focused venture capital firm - recently announced a $1 million investment into Evo Security's latest funding round. These are the details.

Plenful: $9 Million Closed To Streamline Healthcare/Pharmacy Operations Through AI-Based Automation

By Noah Long ● Oct 11, 2023

Plenful - a workflow automation platform streamlining pharmacy and healthcare operations - recently announced $9 million in funding led by Bessemer Venture Partners and more than 20 enterprise customers across health systems and pharmacies.

GuidePoint Security: Cybersecurity Solutions Company Raises Funding Round

By Annie Baker ● Oct 11, 2023

GuidePoint Security - a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk - recently announced the closing of a funding round led by Audax Private Equity.

Trinetix: Product Development Platform Company Raises $10 Million

By Noah Long ● Oct 11, 2023

Trinetix - a leading product development company that drives transformative innovation for multi-billion dollar enterprises - recently announced it has secured $10 million in funding from the investment fund Hypra.

Cortica: $40 Million Secured To Deliver Life Changing Care

By Noah Long ● Oct 11, 2023

Cortica - the leading physician-led, whole-child, value-based autism services company - recently announced that it has raised $40 million in a Series D extension, bringing the total Series D round to $115 million. This extension was entirely strategic, led by CVS Health Ventures in connection with LRVHealth, Ascension Investment Management (a subsidiary of Ascension), and the University of Wisconsin Foundation.

Loop: Supply Chain Audit And Payment Platform Closes Secures $35 Million

By Annie Baker ● Oct 11, 2023

Loop - a modern audit & payment platform for the next-gen supply chain - recently announced it has raised a $35 million Series B, co-led by J.P. Morgan Growth Equity Partners and Index Ventures. And Loop is used by global shippers including Great Dane, GILLIG, and JPMorgan Chase; and logistics service providers including Convoy and Loadsmart.

7wireVentures: Digital Health Venture Firm Launches $217 Million Growth & Opportunity Fund

By Amit Chowdhry ● Oct 11, 2023

7wireVentures - one of the country’s leading digital health venture capital firms - recently announced the successful completion of a $217 million Growth & Opportunity “GO” Fund, its largest to date.

Rainforest: Payments-As-A-Service Platform Company Closes $11.75 Million

By Annie Baker ● Oct 11, 2023

Rainforest - a Payments-as-a-Service (PaaS) platform - recently announced the closing of an $11.75 million seed funding round led by Accel, with participation from Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners, and several strategic angels.