Startups

nChroma Bio: $75 Million Raised To Advance Genetic Medicines

By Amit Chowdhry ● Dec 13, 2024

Chroma Medicine and Nvelop Therapeutics announced their merger and subsequent launch of nChroma Bio, which will redefine the future of genetic medicines. nChroma combines potent epigenetic editing with non-viral, programmable delivery to address key limitations in the field and expand the scope of treatable diseases. The merger will result in an industry-leading company with a deeply experienced team. Jeff Walsh will serve as nChroma’s CEO, and Jeff Marrazzo will serve as its Chairman of the Board.

Veradermics: $75 Million (Series B) Raised To Develop Therapeutics For Common Dermatologic Conditions

By Amit Chowdhry ● Dec 13, 2024

Veradermics - a late clinical-stage aesthetics and dermatology-focused biopharmaceutical company developing first-in-class therapeutics for common dermatologic conditions - announced the closing of a $75 million Series B financing. The financing was led by Suvretta Capital Management and included new investors Longitude Capital, Surveyor Capital (a Citadel company), Osage University Partners, and PhiFund. Existing investors, JW Childs Associates, Connecticut Innovations, and Vlad Coric, MD, also participated in this round.

Current: Consumer Fintech Banking Platform Raises $200 Million In New Capital

By Amit Chowdhry ● Dec 13, 2024

Current - a leading consumer fintech banking platform transforming financial access for everyday Americans - announced notable growth in 2024, including an over 90% increase in revenue. And following this record year, the company has secured $200 million in new capital to accelerate growth and fast-track profitability next year. This funding round included continued support from existing investors Andreessen Horowitz, Wellington Management, and Avenir, with new participation from General Catalyst and Cross River.

Biomemory: DNA Storage Company Raises $18 Million (Series A)

By Amit Chowdhry ● Dec 13, 2024

DNA data storage company Biomemory announced it has raised $18 million in Series A funding. The funding round was led by Crédit Mutuel Innovation, with participation from the historical investor of the French Tech Seed fund managed on behalf of the French State by Bpifrance within the scope of France 2030 and new investors Blast, the Deep Tech 2030 fund managed on behalf of the state by Bpifrance as part of France 2030, Paris Business Angels, Sorbonne Venture, Adnexus, Prunay, Next Sequence, and Accelerem.

TruVideo: AI-Based Video And Messaging Company Raises $40 Million

By Amit Chowdhry ● Dec 13, 2024

TruVideo - a leader in AI- and AR-driven communication technology for the transportation industry - announced that it has secured a $40 million minority growth investment from TZP Growth Equity.

Tasca Therapeutics: Drug Discovery Platform Secures $52 Million (Series A)

By Amit Chowdhry ● Dec 13, 2024

Tasca Therapeutics, a biotechnology company that utilizes a unique drug discovery platform that identifies and maps novel lipid-binding pockets on proteins to develop new medicines to treat human diseases, announced a $52 million Series A financing, co-led by Regeneron Ventures and Cure Ventures, with participation from Invus Group. This funding round will advance Tasca’s novel drug discovery platform, progress its lead program, CP-383, into Phase 1/2 clinical proof-of-concept studies, and expand its drug candidate pipeline.

Aampe: AI Agent Personalization Company Raises $18 Million (Series A)

By Amit Chowdhry ● Dec 13, 2024

Aampe announced it has deployed over 100 million intelligent agents into consumer applications across four continents. The company also announced $18 million in Series A funding led by Theory Ventures, which brought Aampe’s total funding to $27.3 million to accelerate the adoption of its agentic infrastructure. Z47 is also participating in the round.

Next Sense: Smart Building Platform Company Raises €11.5 Million (Series A)

By Amit Chowdhry ● Dec 13, 2024

Next Sense - a leading provider of Smart Building Platform SaaS solutions - announced the closing of an €11.5 million Series A investment round. The funding round was co-led by ABP and ETF Partners, with additional participation from existing shareholders Edge, SHAPE Capital, and Timeless Investments.

Ambrosia Biosciences: Drug Discovery Company Secures $25 Million (Series A)

By Amit Chowdhry ● Dec 13, 2024

Ambrosia Biosciences announced the second closing of its Series A financing. Merck, known as MSD outside the US and Canada, led this funding closing with additional participation from existing investors BVF Partners and Boulder Ventures. This capital brings Ambrosia's total Series A funding to $25 million.

Nexus W2V: $140 Million Raised And Construction Of Flagship RNG Facility In Indiana Revealed

By Amit Chowdhry ● Dec 13, 2024

Nexus W2V - a leading developer of waste-to-value infrastructure projects - announced the closing of an anchor $75 million structured equity commitment from Orion Infrastructure Capital (OIC). And with additional investment from Nexus Holdings, Khasma Capital, and debt financing from Ameris Bank.

Qnovia: $16 Million (Series B) Closed To Develop Proprietary Inhalation Device Technologies

By Amit Chowdhry ● Dec 13, 2024

Pharmaceutical company Qnovia announced that the U.S. Food and Drug Administration (FDA) has cleared its investigational new drug (IND) application for the RespiRx Nicotine Inhaler (QN-01), a prescription inhaled smoking cessation medicine. The company also announced that it raised $16 million in Series B funding, led by Blue Ledge Capital, Evolution VC Partners, Vice Ventures, and Gaingels.

AQEMIA: Drug Discovery Pipeline Company Raises $38 Million

By Amit Chowdhry ● Dec 13, 2024

AQEMIA, a biotechnology company that teaches atomic-scale physics to a generative AI (GenAI) for inventing new medicines, announced two significant milestones: $100 million in total funding and the beginning of a global expansion, starting with London (United Kingdom). This new round is led by Cathay Innovation, followed by historical investors Wendel, Bpifrance Large Venture, Eurazeo, and Elaia.

Gavan: $8 Million (Series A) Raised To Commercialize Plant-Based Fat

By Amit Chowdhry ● Dec 13, 2024

Food technology company Gavan Technologies has raised an $8 million Series A. This new funding round will enable Gavan to enter the European food market with its plant protein-based fat solution, Fatrix. MoreVC led the round, which also included participation from Lever VC, EIT Food, and DarkBoot Group.

RapidCanvas: $16 Million Raised For Putting AI Agents To Work

By Amit Chowdhry ● Dec 13, 2024

RapidCanvas, a company democratizing AI-driven business transformation, announced a $16 million funding round for its AI agents. These agents, powered by large language models (LLMs), can automate up to 75% of complex tasks traditionally performed by data scientists and engineers. They can process vast amounts of information, identify patterns, and make decisions, replicating many human skills.

Angitia Biopharmaceuticals: $120 Million (Series C) Raised To Develop Therapeutics For Serious Musculoskeletal Diseases

By Amit Chowdhry ● Dec 13, 2024

Angitia Biopharmaceuticals - a clinical-stage biotechnology company focused on discovering and developing innovative therapeutics for serious musculoskeletal diseases - announced the closing of a $120 million Series C financing round. Bain Capital Life Sciences led the funding, with participation from new investor Janus Henderson and existing investors OrbiMed, 3H Health Investment, Yonghua Capital, Legend Capital, and Elikon Venture. This funding will support Angitia’s robust pipeline of novel, differentiated treatments for serious musculoskeletal diseases.

Servicengine: $3.1 Million Raised From Advantage Capital

By Amit Chowdhry ● Dec 13, 2024

Advantage Capital announced a $3.1 million investment in Servicengine, a Danbury, Connecticut-based SaaS company specializing in relocation management software. The funding will enable Servicengine to double its team and enhance its innovative platform, supporting the complex needs of relocation management companies (RMCs) and corporations navigating global workforce challenges.

MoldCo: $3 Million (Pre-Seed) Raised To Enable Individuals To Reclaim Health From Mold

By Amit Chowdhry ● Dec 13, 2024

MoldCo announced the public launch of the company to address the endemic public health crisis of chronic health issues caused by mold. And the company has raised $3 million in pre-seed funding with participation from Starship Ventures, SALT, Conscience VC, Boost VC, Night Ventures, Bleu Capital, Behind Genius Ventures and Moth Fund.

Orthogon: $5.2 Million Raised For Advancing Oral Therapy For BK Polyomavirus

By Amit Chowdhry ● Dec 13, 2024

Orthogon Therapeutics—a developer of novel antiviral medicines—announced closing an oversubscribed financing round that exceeded its $5 million target and brought total funding to over $25 million. This funding round will accelerate the development of its first-in-class treatments for managing BK virus reactivation in transplant patients.

Evinced: AI-Based Digital Accessibility Company Raises $55 Million (Series C)

By Amit Chowdhry ● Dec 13, 2024

Evinced—a leading software company powering accessible web and mobile development—announced it has raised $55 million in Series C funding, bringing its total funding to $112 million. The funding round was led by existing investor Insight Partners, with participation from existing investors M12 (Microsoft's venture fund), BGV, Capital One Ventures, and Engineering Capital. Evinced also welcomed a new investor, Vertex Ventures.

Sublime: AI-Based Email Security Company Raises $60 Million (Series B)

By Amit Chowdhry ● Dec 13, 2024

Sublime Security - an AI-based email security platform - announced it had raised $60 million in Series B funding, bringing the company's total funding to $93.8 million. The current funding round was led by IVP, with participation from new investor Citi Ventures and existing investors Index Ventures, Decibel Partners, and Slow Ventures. The latest funding round will support continued investment in Sublime's platform and community.

Eureka Robotics: $10.5 Million (Series A) Raised To Help Factories Automate Work

By Amit Chowdhry ● Dec 13, 2024

Singapore-based company Eureka Robotics has announced it raised a $10.5 million Series A round led by B Capital with participation from new investors Airbus Ventures, Maruka Corporation, G. K. Goh Ventures, and returning investors UTEC and ATEQ.

Prezent.AI Raises $7.3 Million From True Global Ventures

By Amit Chowdhry ● Dec 12, 2024

True Global Ventures (TGV) Opportunity Fund, a venture capital firm focused on transformative AI and Blockchain applications, announced a $7.3 million investment in Prezent AI. Prezent AI is a fast-growing company that is transforming enterprise business communication through AI-based storytelling solutions.

Azimuth AI: Edge Computing Silicon Company Secures $11.5 Million

By Amit Chowdhry ● Dec 12, 2024

Azimuth AI, a company that produces highly customized silicon products for edge and embedded computing markets, announced it has closed a $11.5 million venture round. Moneta Ventures, a Sacramento-based venture capital firm, co-led the funding round, which another local Sacramento firm, Growth Factory, also joined. Azimuth's seed round investor, AUM Ventures, a venture capital firm based in the Abu Dhabi Global Market (ADGM), also re-invested in this round.

Intersect Power: Over $800 Million Raised And Strategic Partnership With Google And TPG

By Amit Chowdhry ● Dec 12, 2024

Intersect Power announced a strategic partnership with Google and TPG Rise Climate (TPG) to offer scaled renewable power and storage solutions to new data centers. This partnership is designed to deliver gigawatts of new data center capacity across the US. By the decade's end, Intersect Power will catalyze a targeted $20 billion in renewable power infrastructure investment.

HiringBranch: C$5 Million (Series A) Raised For Scaling Soft Skills AI Platform

By Amit Chowdhry ● Dec 12, 2024

HiringBranch, a leading AI-based soft skills assessment platform, announced that it raised C$5 million in Series A funding. Crédit Mutuel Equity led the round, which included participation from Export Development Canada and Anges Québec.

Wavegate: Neuromodulation Technology Company Reveals $26 Million (Series A) Round

By Amit Chowdhry ● Dec 12, 2024

Wavegate, a pioneering developer of neuromodulation technology for chronic pain management, announced it has secured a lead investor in their $26 million Series A funding round led by UCEA Capital Partners, a London-based investment firm. This funding will accelerate the development of Wavegate's proprietary Ellipse platform, featuring StimuLux technology, designed to provide breakthrough therapeutic solutions for chronic pain patients.

Kaymbu: Classroom Engagement Company Raises Growth Funding

By Amit Chowdhry ● Dec 12, 2024

Kaymbu - a leading classroom documentation and family engagement platform for early childhood education - announced it has landed a growth funding package from Decathlon Capital Partners. This revenue-based financing package will support Kaymbu's continued investment in platform development, expansion of client service capabilities, and new customer growth. The details of the revenue-based funding transaction were not disclosed.

Ayar Labs: $155 Million Secured At $1+ Billion Valuation To Address Needs For Cost-Effective AI Infrastructure

By Amit Chowdhry ● Dec 12, 2024

Ayar Labs, a leader in optical interconnect solutions for large-scale AI workloads, announced it has secured $155 million in funding led by Advent Global Opportunities and Light Street Capital to break down the AI bottleneck of data movement with its optical I/O technology. This brings the total funding to $370 million and raises the company’s valuation to above $1 billion.

Silent Push: Preemptive Cybersecurity Intelligence Company $10 Million (Series A)

By Amit Chowdhry ● Dec 12, 2024

Silent Push - a leading preemptive cybersecurity intelligence company - announced a $10 million Series A funding round co-led by Ten Eleven Ventures and Stepstone Group LP. This and its early seed round bring its total funding to $22 million.

eSelf: $4.5 Million (Seed) Closed To Create Face-To-Face Conversational AI Agents

By Amit Chowdhry ● Dec 11, 2024

eSelf - a platform for businesses to create face-to-face conversational AI agents - announced the official launch of their solution along with $4.5 million in seed funding. The funding round was led by Explorer Investments, with participation from Ridge Ventures and strategic angel investors, including Eyal Manor (former VP of Engineering at YouTube and Chief Product & Engineering Officer at Twilio).