Startups

Quikrete Taking Summit Materials Private In $11.5 Billion Deal

By Amit Chowdhry ● Nov 27, 2024

Aggregates and cement producer Summit Materials announced it has entered into a definitive agreement to be acquired by Quikrete Holdings for $52.50 per share in cash, for a total enterprise value of about $11.5 billion, including debt. The deal price represents an approximately 36% premium to Summit's unaffected 90-day volume weighted average price (VWAP)1 and an approximately 29% premium to Summit's unaffected share price. The Summit and Quikrete Boards of Directors have unanimously approved this combination.

Conduction: Music Education Company Raises Pre-Seed Funding

By Amit Chowdhry ● Nov 27, 2024

Conduction, an ed-tech company transforming the music classroom, announced a $265,000 pre-seed investment from the Richard King Mellon Foundation. The funding will advance the company’s proprietary music software modules, increase corporate partnerships, and expand operations in schools across Pennsylvania and throughout the US.

Tricentis: Continuous Testing Company Raises $1.3 Billion From GTCR At $4.5 Billion Valuation

By Amit Chowdhry ● Nov 27, 2024

Tricentis, a global leader in continuous testing and quality engineering, announced that leading private equity firm GTCR has signed a definitive agreement to invest $1.33 billion in the company, valuing the enterprise at $4.5 billion and advance Tricentis for future growth and innovation.

Range: AI-Based Wealth Tech Company Raises $28 Million (Series B)

By Amit Chowdhry ● Nov 26, 2024

Range, an all-in-one AI WealthTech platform, announced it raised $28 million in Series B funding, led by Cathay Innovation and joined by Gradient Ventures and other investors. This funding round brings the company's total funding to $40 million.

Practice Better Closes $13 Million In Growth Capital From CIBC

By Amit Chowdhry ● Nov 26, 2024

CIBC Innovation Banking announced a $13 million growth capital facility for Practice Better, a leading all-in-one practice management software platform serving health and wellness professionals. The funding will support Practice Better's continued expansion into new markets and accelerate product innovation, empowering health and wellness professionals to reach millions of clients.

Wherobots: Spatial Intelligence Cloud Company Secures $21.5 Million (Series A)

By Amit Chowdhry ● Nov 26, 2024

Wherobots, a Spatial Intelligence Cloud company built by the original creators of Apache Sedona Mo Sarwat and Jia Yu, announced the closing of a $21.5 million Series A funding round to accelerate the delivery of modern solutions that close the intelligence gap between our physical and digital worlds. Felicis led the funding round, which also received continued support from Wing Venture Capital and Clear Ventures and participation from JetBlue Ventures and P7 Ventures.

PlayAI: Voice AI Platform Company Raises $21 Million (Seed)

By Amit Chowdhry ● Nov 26, 2024

PlayAI, a voice AI platform advancing conversational AI, announced that it raised a $21 million Seed round led by Kindred Ventures and 500 Global with participation from Race Capital, Y Combinator, Soma Capital, Pioneer Fund, TRAC, and others.

Tewke: Climate Tech Company Raises $3.4 Million (Seed)

By Amit Chowdhry ● Nov 26, 2024

Tewke - a climate tech company that is building the future of energy optimization and home automation, announced that it has raised $3.4 million in funding. Tewke will use the funding to continue to develop its domestic energy control platform to automate energy saving in any home and deliver the next generation of home automation. Tewke, launched by serial entrepreneur Piers Daniell in 2020, is the first step and backbone in their vision to create a future smart grid.

Homethrive: Caregiving Solutions Company Secures $20 Million

By Amit Chowdhry ● Nov 26, 2024

Homethrive, a leading provider of technology-enabled caregiving solutions, announced the closing of its latest funding round, raising over $20 million and appointing Ismat Duckson Aziz to its Board of Directors. TELUS Global Ventures and 7Wire Ventures led the funding round, which also included participation from Pitango HealthTech, Human Capital, Outcomes Collective Growth Capital, Allianz, The K Fund, and other family offices.

Medeloop: Medical Research Platform Company Raises $15.5 Million (Series A)

By Amit Chowdhry ● Nov 26, 2024

Medeloop, a pioneering medical research platform, announced the closing of a $15.5 million Series A funding round. The funding round - led by Inovia Capital and supported by significant contributions from Icon Ventures - evidences the confidence in Medeloop's mission to transform medical research. This round also included participation from previous investors General Catalyst and Maven Ventures and new investors, including Healthier Capital, Up2 Opportunity Fund, and CFO Advisors.

Influur: Influencer Professional Network Secures $10 Million (Series A)

By Amit Chowdhry ● Nov 26, 2024

Influur, a leading professional networking platform for influencers founded by visionary Latinas – Alessandra Angelini, Valeria Angelini, Paula Coleman, and Fefi Oliveira – announced the closing of a $10 million Series A, led by Point72 Ventures and HTwenty Capital.

Valuted Deep: Biomass Carbon Removal And Storage Company Raises $32.3 Million (Series A)

By Amit Chowdhry ● Nov 26, 2024

Vaulted Deep, a biomass carbon removal and storage (BiCRS) company specializing in durable carbon dioxide removal (CDR), announced that it had raised $32.3 million in Series A funding. The round was led by new investor Prelude Ventures and returning investors with super pro-rata participation, including Lowercarbon Capital, Earthshot Ventures, and WovenEarth Ventures. Additional new investors include Fall Line Capital and Rethink Impact.

Pyramid Analytics: AI-Based Analytics Company Raises 50 Million

By Amit Chowdhry ● Nov 26, 2024

Pyramid Analytics, an AI-based analytics and decision intelligence company, announced it has raised $50 million in new funding from funds and accounts managed by BlackRock Capital Investment Advisors.

Boosted.ai: $15 Million Secured To Help Investment Managers Automate Financial Analysis

By Amit Chowdhry ● Nov 26, 2024

Boosted.ai, a generative artificial intelligence company that works with leading investment managers to streamline and automate their financial analysis and workflows, announced the closing of a $15 million financing round.

Agentio: Ad Platform Company Secures $12 Million (Series A)

By Amit Chowdhry ● Nov 25, 2024

Agentio, an ad platform that scales, measures, and streamlines creator content advertising, announced it has raised a $12 million Series A led by Benchmark (investments include Cerebras, HeyGen, 11x, Fireworks AI, eBay, Instagram, Uber and Twitter), along with investments from existing investors Craft Ventures and AlleyCorp, and industry-leading marketing executives and creators.

PointFive: Cloud Cost Optimization Company Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 25, 2024

PointFive, a leading cloud cost optimization platform, announced that it has secured an additional $20 million in Series A funding, bringing the total capital raised to $36 million only 18 months after the company was founded.

SurePath AI: Governing Generative Enterprise Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 25, 2024

SurePath AI, a leader in governing generative AI for the enterprise, announced the closing of a $5.2 million seed funding round led by Uncork Capital with significant participation from Operator Collective, bringing the company’s total funding to $6.3 million. And SurePath AI’s mission is to enable secure GenAI adoption by detecting usage, mitigating risks, and controlling AI access to enterprise data so that organizations can bolster innovation and productivity.

Kong: Cloud API Technologies Company Raises $175 Million At $2 Billion Valuation

By Amit Chowdhry ● Nov 25, 2024

Kong - a leading developer of cloud API technologies - announced it has closed a $175 million in up-round Series E financing (via mix of primary and secondary transactions) at a $2 billion valuation. This funding round was led by Tiger Global and co-led by new investor Balderton, with additional new participation from Teachers’ Venture Growth (the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan) and 137 Ventures, among others, and continued support from Andreessen Horowitz, Index Ventures, CRV, Sapphire Ventures, and Notable Capital. This brings Kong’s total raised to $345 million.

Halcyon: Cybersecurity Company Raises $100 Million (Series C) At $1 Billion Valuation

By Amit Chowdhry ● Nov 25, 2024

Halcyon, a leading platform designed from day one to defeat ransomware, announced today it had closed $100 million in Series C funding led by Evolution Equity Partners with participation from Bain Capital Ventures (BCV), SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, ServiceNow Ventures, and existing investors.

WeVets: Strategic Investment Raised From L Catterton

By Amit Chowdhry ● Nov 25, 2024

Global investment firm L Catterton announced that it has invested strategically in WeVets, a leading independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs, making high-quality veterinary care more accessible throughout Brazil.

NitroVolt: €3.5 Million (Seed) Raised To Develop Green Ammonia For Farmers

By Amit Chowdhry ● Nov 25, 2024

NitroVolt, a Danish startup developing green ammonia for farmers, today announced it has raised €3.5 million in seed funding. The participants in the round include BackingMinds, a Swedish early-stage venture capital firm, EIFO, the sovereign wealth fund of Denmark, and EQT Foundation, Satgana, and DivisionM. The Breakthrough Energy Fellowship provided a grant in 2023 and is now following that with an equity investment in the current round. The funding round will be used to build the first on-site container-sized demonstration unit, producing green ammonia from air, water, and clean electricity.

Klim: Regenerative Agriculture Solutions Company Raises $22 Million (Series A)

By Amit Chowdhry ● Nov 25, 2024

Klim, a leading European provider of insetting solutions that enable the food industry to transform its supply chains towards regenerative agricultural practices, announced the closing of its Series A funding round, led by BNP Paribas, Europe’s largest bank. The funding round also saw participation from prominent investors, including Earthshot Ventures, Rabobank, Agfunder, Norinchukin Bank, Achmea Innovation Fund, Ananda Impact Ventures, and Elevator Ventures, the VC of Raiffeisenbank International.

Alison.ai: AI-Based Ad Solutions Company Raises $13 Million (Seed)

By Amit Chowdhry ● Nov 25, 2024

Alison Technologies (Alison.ai), an AI-based advertising solutions company, announced the closing of a $13.3 million seed funding round. Almaz Capital led the round, which also included Foresight Group, Cardumen Capital, Crescendo Venture Partners, and Alumni Ventures.

Lighthouse: Commercial Intelligence Platform Secures $370 Million (Series C)

By Amit Chowdhry ● Nov 25, 2024

Lighthouse, a leading commercial intelligence platform for the travel and hospitality industry, announced a $370 million growth investment led by KKR. This funding advances Lighthouse's goal of transforming commercial strategy for the $15 billion travel & hospitality technology market. The proceeds from this funding round will be used to drive continued product innovation across Lighthouse's platform, strategic acquisitions, and global expansion efforts.

Grey Market Labs: Cybersecurity Solutions Leader Secures $8 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Cybersecurity solutions Grey Market Labs (dba Replica Cyber) announced it has raised $8 million in Series A funding led by Capri Ventures, with participation from Blu Ventures and AFG to advance the adoption of its platform Replica. This funding will enable the company to advance its mission of delivering Secure Environments-as-a-Service, bringing unparalleled privacy and security in a vulnerable digital landscape.

TailorMed: Healthcare Technology Company Raises $40 Million

By Amit Chowdhry ● Nov 24, 2024

Healthcare technology leader TailorMed announced a $40 million round combining equity and debt. This funding positions the company to advance its bold vision of transforming medication access, adherence, and affordability across the United States. Windham Capital Partners led the round along with Citi Impact Fund, Samsung Next, BrightEdge, and the investment arms of some of the largest top health systems: Providence Ventures, OSF Healthcare, Inception Health, Ballad Ventures, UH Ventures, UnityPoint Health Ventures. TailorMed also benefited from the continued support of its early investors such as Sanara Ventures, Triventures, Accelmed, Almeda Ventures, and Bridges.

Trustero: AI-Based Security And Compliance Company Secures $10+ Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Trustero, an AI-based Security and Compliance, announced the closing of a $10.35 million Series A funding round led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. And Trustero is proving that AI can drive real revenue and breakthroughs in GRC, a space traditionally dominated by complex, high-cost, and manual processes.

Aviz: AI-Based Networking Solutions Company Secures $17 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Aviz Networks, a leader in AI-based networking solutions company, announced the closing of a $17 million Series A funding round. The funding round was led by Alter Venture Partners, with participation from existing investors Cisco Investments, Moment Ventures, Wistron and Accton and new strategic investors including Celestica and Qualcomm Ventures.

Addi: Fintech Company Signs $100 Million Credit Facility With Victory Park Capital

By Amit Chowdhry ● Nov 24, 2024

Addi, a Colombia-based fintech platform for integrated payments, shopping and banking, announced that it has secured a $100 million credit facility from Victory Park Capital (VPC), a leading global alternative investment firm specializing in private credit. This new facility will support Addi’s financing of credit originations in Colombia as it provides buy now, pay later (BNPL) solutions to consumers and merchants.

Enveda: $130 Million (Series C) Raised To Translate Nature Into New Medicines

By Amit Chowdhry ● Nov 24, 2024

Enveda - a biotechnology company using AI to translate nature into new medicines - announced an oversubscribed $130 million Series C funding round led by Kinnevik and FPV with participation from new and existing investors Baillie Gifford, Premji Invest, Lingotto Innovation, Lux Capital, Dimension Capital, True Ventures, Cresset Partners, The Nature Conservancy, and Henry R. Kravis. This funding round brings the total funding to $360 million.