Startups

Terradot: Carbon Removal Company Raises $58.2 Million

By Amit Chowdhry ● Dec 18, 2024

Telna: Funding Raised From Gemspring Capital

By Amit Chowdhry ● Dec 18, 2024

Gemspring Capital Management, a middle-market private equity firm, announced that an affiliate has invested strategically in Telna. As a leader in eSIM connectivity solutions, Telna makes it easier for mobile devices to seamlessly transition between carrier networks, eliminating the need for physical SIM cards and enhancing global connectivity.

Precision Neuroscience: $102 Million (Series C) Raised For Advancing AI-Based Brain Implant

By Amit Chowdhry ● Dec 18, 2024

Brain–computer interface (BCI) company Precision Neuroscience announced the closing of a $102 million Series C funding round led by General Equity Holdings, with participation from firms including B Capital; Duquesne Family Office, the investment firm of Stanley F. Druckenmiller; and Steadview Capital. And with $155 million in total capital raised, Precision is now one of the best-funded companies in the BCI industry.

Databricks Announces $10 Billion (Series J) Funding At $62 Billion Valuation

By Amit Chowdhry ● Dec 17, 2024

Data and AI company Databricks announced a Series J funding round today. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion. This funding values Databricks at $62 billion, and Thrive Capital is leading it. Along with Thrive, the funding round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM Investment Management. Other significant participants include existing investors Ontario Teachers’ Pension Plan and new investors ICONIQ Growth, MGX, Sands Capital, and Wellington Management.

Engineered Arts Raises $10 Million For Scaling Humanoid Robotics

By Amit Chowdhry ● Dec 17, 2024

Engineered Arts, a leader in the design and manufacture of humanoid robotics founded in the U.K., announced it has restructured as a U.S. entity to expand its footprint and meet growing U.S. demand. Along with this move, the company closed a $10 million Series A funding round to accelerate product refinement, manufacturing, production, and business systems. Helium-3 Ventures led the Series A funding, with additional participation from AppDirect Chairman and CEO Nicolas Desmarais, Belvoir Investments, and a consortium of investors, such as ThirtySeven Holdings and Figueira Capital. And Matt Bellamy (frontman of the English rock band Muse and a partner in Helium-3 Ventures) will join Engineered Arts’ board as an observer.

Brightly: Climate Tech Company Raises $2.3 Million (Seed)

By Amit Chowdhry ● Dec 17, 2024

Brightly, a climate-tech company transforming food waste into high-integrity carbon credits to fund food rescue organizations, announced it has closed an oversubscribed $2.3 million seed round. The funding round was led by Schreiber Foods, a leading global food company, with additional support from G-Force, Collaborative Fund, Clear Current Capital, and Windsail Capital.

Anghami Raising Up To $55 Million From OSN Group

By Amit Chowdhry ● Dec 17, 2024

Anghami announced that it secured a significant new round of funding, from OSN Group of up to $55 million with a $12 million initial investment in a convertible note program. This funding represents a significant milestone in Anghami journey to redefine digital entertainment in the MENA region, further solidifying its position as the go-to destination for premium audio and video content.

Chargezoom: AI-Based Billing And Integrated Payments Company Raises $11.5 Million (Series A)

By Amit Chowdhry ● Dec 17, 2024

Chargezoom, a leading platform for AI-based billing and integrated payments, announced it has raised $11.5 million in Series A funding led by Salt Lake City's Kickstart Fund. Chargezoom also welcomes new investors Motley Fool Ventures, Early Light Ventures, Frazier VC, and Adly, along with continued support from SaaS Venture Capital, Stout Street Capital, and Okapi Venture Capital.

Unrivaled: Professional Women’s Basketball League Raises $35 Million (Series A)

By Amit Chowdhry ● Dec 17, 2024

Professional women's basketball league Unrivaled announced the closing of its oversubscribed Series A investment round led by the Berman Family, securing $28 million in funding. This funding round includes investments from 8-time NBA All-Star and NBA Champion Giannis Antetokounmpo and Build Your Legacy Ventures; Co-Owner/CEO of Boston Globe Media and Partner at Fenway Sports Group Linda Henry; Avenue Sports Fund and Marc Lasry; 23-time Gold Medalist, World Champion, and Mental Health Advocate Michael Phelps and Nicole Phelps, President of Michael Phelps Foundation and Mental Health Advocate; 3-time NCAA Champion Head Coach for South Carolina Women's Basketball Dawn Staley; Warner Bros. Discovery; Sophomore Guard at USC JuJu Watkins, and others.

Keepit: SaaS Data Protection Company Raises $50 Million

By Amit Chowdhry ● Dec 17, 2024

Keepit, an independent cloud-native data protection and backup provider, announced a $50 million funding round, led by existing investor One Peak, and EIFO, the Export and Investment Fund of Denmark. This funding round marks the company’s third equity investment in the past four years, bringing total funds raised to about $90 million.

Fluid Biomed: $27 Million (Series A) Raised For Advancing Lifesaving Products For Patients Suffering From Vascular Disease

By Amit Chowdhry ● Dec 17, 2024

Fluid Biomed - a clinical-stage medical device company developing lifesaving products for patients suffering from vascular disease - announced it closed an oversubscribed $27 million Series A equity financing. The funding round is co-led by Amplitude Ventures and an undisclosed major strategic partner. New participants in the investment syndicate include IAG Capital Partners and LifeArc Ventures, as well as returning investors, ShangBay Capital and METIS Innovative.

Orbus Software Reveals Strategic Growth Investment From FTV Capital And SilverTree Equity

By Amit Chowdhry ● Dec 17, 2024

Orbus Software, a global market-leading SaaS enterprise transformation software provider, announced a significant growth equity investment from FTV Capital. FTV is investing alongside co-control partner SilverTree Equity, a London-based software specialist investor that has supported Orbus since its investment in December 2020. The funding will fuel Orbus’s continued expansion into the United States and other high-growth markets, enable further penetration into regulated industries such as financial services, healthcare, government, and others, and enhance the platform’s technology and AI capabilities.

BILT: $21 Million (Series B) Raised For Scaling 3D Instructions Platform

By Amit Chowdhry ● Dec 17, 2024

BILT, a leader in 3D Intelligent Instructions, announced it has closed a $21 million funding round, led by Silverton Partners with participation from Amex Ventures, Fifth Growth Fund, and Silicon Valley Bank. And the funding will be used to expand operations as demand for 3D interactive and extended reality (XR) immersive instructions increases.