Startups

BETA Technologies: Electric Aerospace Company Raises Over $300 Million

By Amit Chowdhry ● Nov 7, 2024

BETA Technologies—an electric aerospace company based in Vermont—announced it has raised $318 million in Series C equity capital. QIA led the raise, and several of BETA’s largest investors, including Fidelity Management & Research Company and TPG Rise Climate, increased their ownership in BETA. Longtime customer United Therapeutics has also joined this round as an investor.

Behavox: $70 Million Credit Facility From Hercules Capital Closed

By Amit Chowdhry ● Nov 7, 2024

Behavox, a leading provider of AI-driven compliance solutions for financial services, announced that it has secured a $70 million credit facility from Hercules Capital. This increases liquidity reserves on its balance sheet. And Behavox plans to use the funds for strategic acquisitions and the building of new products to deliver more value to compliance teams globally.

JUUNOO: $6.6 Million Raised To Accelerate The Transition To Sustainable Building Methods

By Amit Chowdhry ● Nov 7, 2024

JUUNOO, a design company that aims to accelerate the transition to sustainable building methods, announced that it received $6.6 million in funding from existing investors. The additional funding will enable JUUNOO to expand into the second stage of its master plan, which includes entering new sectors like education, healthcare, and hospitality. This new funding round comes after JUUNOO’s success in partnering with notable clients, including Two Trees, Industrious, and Deloitte.

Naptha AI: $6 Million Raised For Orchestrating Multiple AI Agents

By Amit Chowdhry ● Nov 7, 2024

Naptha AI, a platform that orchestrates multiple AI agents to optimize performance and drive innovation, announced a $6 million pre-seed raise, co-led by Arche Capital and Cyber Fund. This pre-seed funding is substantial for an initial fundraising of outside capital, positioning Naptha AI at the forefront of the next evolution of artificial intelligence. This funding round also includes participation from several other prominent industry angels and VCs, such as Seed Club Ventures, Polymorphic Capital, GnosisDAO, Halo Capital, and many others.

Verax AI: $7.6 Million (Seed) Raised In Round Led By TQ Ventures

By Amit Chowdhry ● Nov 7, 2024

Verax AI, a developer of enterprise-grade software solutions that offer visibility and control of AI in production, announced that it raised $7.6 million in seed funding led by TQ Ventures with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, and XTX Ventures.

Evommune: $115 Million (Series C) Secured To Advance Clinical-Stage Pipeline Addressing Chronic Inflammatory Diseases

By Amit Chowdhry ● Nov 7, 2024

Evommune - a clinical-stage biotechnology company discovering and developing new ways to treat immune-mediated inflammatory diseases - announced the completion of a $115 million Series C financing. The funding was co-led by new investors RA Capital Management and Sectoral Asset Management, along with participation from new investors B Capital, Marshall Wace, Avego Bioscience Capital, Longwood Fund, RTW Investments, ADAR1 Capital Management, NEXTBio Capital, Beiersdorf Venture Capital, FemHealth Ventures and Allostery Investments LP and existing investors, including Pivotal bioVenture Partners, EQT Life Sciences, Andera Partners, Amplitude Ventures, SymBiosis and Verition Fund Management.

ContraForce: Security Service Delivery Platform Raises $3.25 Million (Seed)

By Amit Chowdhry ● Nov 7, 2024

ContraForce, a security service delivery platform company, announced the closing of a $3.25 million seed funding round, co-led by GALLOS Ventures and DataTribe. This funding round enables ContraForce's mission to automate security operations and expand the security services opportunity for managed service providers.

BUDDY: Social Utility App Company Raises $1.1 Million (Pre-Seed)

By Amit Chowdhry ● Nov 7, 2024

BUDDY, the first-ever social utility app designed to get you off your phone, announced the completion of a pre-seed funding round with video game industry titans Tim Willits and Vince Zampella as the newest investors. 5x tech founder and first pro gamer Dennis Fong has signed on as an advisor. BUDDY has now raised $1.1 million in pre-seed funding, including from Paul Reim of Reim Advisors.

Inquis Medical: Thrombectomy Systems Focused Company Raises $40 Million (Series B)

By Amit Chowdhry ● Nov 7, 2024

Inquis Medical, a medical technology company specializing in advanced thrombectomy systems, announced the closing of its $40 million Series B funding round. This funding round was led by Marshall Wace (a globally recognized investment firm), with strong participation from existing investors, including ShangBay Capital, Yu Star, EnPointe Ventures, and Pierre Lamond. This funding positions Inquis Medical for significant growth and development as it advances its cutting-edge technologies and prepares for commercialization.

Advex AI: Manufacturing AI Vision Company Secures $3.5 Million (Seed)

By Amit Chowdhry ● Nov 7, 2024

Advex AI, a company that is addressing the critical data problem in AI Vision for manufacturing, announced their $3.5 million seed funding round led by Construct Capital, with participation from Pear VC, Emerson Collective, and notable angel investors Arash Ferdowsi (Dropbox founding CTO) and Ankit Jain (Infinitus CEO). The company also revealed its selection as a top 20 Finalist at this year's TechCrunch Disrupt Startup Battlefield.

CrossBridge Bio: $10 Million (Seed) Raised To Advance Antibody-Drug Conjugates As Targeted Cancer Therapies

By Amit Chowdhry ● Nov 7, 2024

CrossBridge Bio, a biotechnology company focused on dual-payload antibody-drug conjugates (ADCs) as targeted cancer therapies, announced the closing of a $10 million seed financing led by TMC Venture Fund and CE-Ventures (the corporate venture capital platform of Crescent Enterprises), with participation from Portal Innovations, Alexandria Venture Investments, Linden Lake Labs, and several pre-seed investors.

Algebrik AI: $4 Million (Series A) Raised To Advance Cloud-Native Loan Origination Platform

By Amit Chowdhry ● Nov 7, 2024

New York City-based Algebrik AI, a cloud-native and AI-based Loan Origination Platform, announced that it has successfully secured $4 million in Series A funding to accelerate the development of its groundbreaking loan origination software. The investment will be disbursed in two phases.

March Biosciences: $28.4 Million (Series A) Raised To Combat Cancers And Other Diseases

By Amit Chowdhry ● Nov 7, 2024

March Biosciences, an emerging clinical-stage biotechnology company focused on combating challenging cancers and other diseases, announced the closing of a $28.4 million Series A funding round. Mission BioCapital and 4BIO Capital led the funding, with participation from KdT Ventures, Alexandria Venture Investments, Volnay Therapeutics, Modi Ventures, and Mansueto Investments. Existing investors TMC Venture Fund, Cancer Focus Fund, Small Ventures, and Portal Innovations also participated in the round. And March Bio has raised over $51 million to date inclusive of all dilutive and non-dilutive funding.

Insider: AI-Native Omnichannel Experience And Customer Engagement Company Raises $500 Million (Series E)

By Amit Chowdhry ● Nov 7, 2024

Insider - a leading AI-native omnichannel experience and customer engagement platform - announced a $500 million Series E funding round led by General Atlantic, a leading global growth investor.

Melio: Accounts Payable And Receivable Platform Raises $150 Million

By Amit Chowdhry ● Nov 7, 2024

Melio, a leading accounts payable and receivable platform for small and medium businesses, announced it has raised an additional $150 million in a strategic funding round led by Fiserv. And Shopify Ventures and Capital One Ventures also participated in the funding round, which will help drive the company’s growth through partnerships. Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude and Thrive Capital also joined in the latest funding round.

415 Capital: €150 Million Second Fund Lanuched

By Amit Chowdhry ● Nov 7, 2024

415 Capital Management - a global leader in medical technology venture capital - announced the launch of its second fund 415 Capital Fund II, with a target of €150 million ($165 million).

DeepRoute.ai: $100 Million (Series C1) Raised To Develop Smart Driving Solutions

By Amit Chowdhry ● Nov 7, 2024

DeepRoute.ai, a leading artificial intelligence company specializing in developing smart driving solutions, announced a strategic Series C1 funding round at $100 million from a Chinese automotive OEM. This funding will enhance research and development in frontier end-to-end model DeepRoute IO, help scale global automakers' collaboration, explore future Robotaxi business, and support recruiting more AI-native talents.

MoneyStack: Funding Raised For Helping Those With Sports Betting Addiction

By Amit Chowdhry ● Nov 7, 2024

MoneyStack, a financial counseling platform for behavioral health care, announced a $250,000 pre-seed investment from the Richard King Mellon Foundation. The company will use the funds to accelerate the growth of its proprietary service for gambling addiction, GamFin, throughout the U.S. and expand partnerships with state agencies, non-profits, and other organizations across Pennsylvania.

Research Grid: $6.5 Million (Seed) Raised To Automate Back-Office Admin For Clinical Trials

By Amit Chowdhry ● Nov 6, 2024

Research Grid, an AI company that helps medical research institutions automate back-office admin for clinical trials, announced it has raised a $6.5 million seed round. The company will use this new funding round to double down on its mission of making clinical trials faster and more successful.

DoorLoop: Property Management Software Company Raises $100 Million (Series B)

By Amit Chowdhry ● Nov 6, 2024

DoorLoop, a market-leading all-in-one property management software company, announced a $100 million Series B funding round led by JMI Equity. The funding will empower the company to build upon its product offerings and deepen its leadership bench as it continues to stand out as an industry-leading centralized platform for property management.

BondBloxx: Bond ETF Provider Raises $27 Million

By Amit Chowdhry ● Nov 6, 2024

BondBloxx, a specialized provider of bond ETFs, announced a latest capital raise of $27 million. The funding round was led by Macquarie Asset Management - which maintains its minority stake in the company - and also included participation from other new and existing financial investors.

Outrider: Autonomous Yard Operations Company Raises $62 Million (Series D)

By Amit Chowdhry ● Nov 6, 2024

Outrider, a leader in autonomous yard operations for logistics hubs, announced it raised $62 million in an oversubscribed Series D financing round. The round was led by Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA), with additional investments from 8VC, ARK Invest, B37 Ventures, FM Capital, Interwoven Ventures, NVentures (NVIDIA’s venture capital arm), and Prologis Ventures. This funding round will drive the commercial scaling of Outrider’s autonomous yard operations as a service with many large customers in 2025 and strengthen its position at the forefront of logistics automation.

Fixify: AI-Based IT Help Desk Solution Provider Secures $25 Million (Series A)

By Amit Chowdhry ● Nov 6, 2024

Fixify, an AI-based IT help desk solution provider, announced that it has closed a $25 million Series A funding round co-led by Costanoa Ventures, Decibel Partners and Paladin Capital Group with participation from Scale Venture Partners. And Fixify combines AI with human experts to empower IT teams to quickly diagnose and resolve issues to enhance the overall help desk experience. The funds will be used to scale its workforce and accelerate product development.

Diffblue: AI-For-Code Software Company Raises $6.3 Million

By Amit Chowdhry ● Nov 6, 2024

Diffblue, a creator of the world’s first fully autonomous generative AI-for-code software, announced it raised $6.3 million in new capital as it reached a record six-month period with 326% net new ARR growth from the previous six months. Toffer Winslow (formerly StackState, Dynatrace, RSA Security) was appointed Diffblue’s new CEO to drive the firm’s next growth stage.

EvoluteIQ: AI-Based Automation Company Raises $20 Million

By Amit Chowdhry ● Nov 6, 2024

EvoluteIQ announced an investment of $20 million in equity and debt led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select and PH ventures. And this funding will support EvoluteIQ’s plan to enhance its AI automation platform and expand operations globally.

Highnote: Audio Collaboration Company Raises Funding From Dropbox Ventures

By Amit Chowdhry ● Nov 6, 2024

Highnote, a leading audio collaboration platform, announced that it secured $2.5 million in additional funding, with participation from Dropbox Ventures (an investment initiative of Dropbox investing in the next generation of AI-based apps and tools along with previous investors Afore Capital, Character Capital, Brooklyn Bridge Ventures, and Precursor Ventures. This latest funding round also welcomed new notable executives as angel investors from Figma, Atlassian, Abstract, and Dropbox, and several who previously invested from SoundCloud, Auth0, and Splice.

Regal: Contact Center Software Company Raises $40 Million

By Amit Chowdhry ● Nov 6, 2024

Regal, a customer-centric contact center software company, announced the completion of a $40 million funding round to accelerate the rollout of its AI Phone Agents for contact centers. And Regal has now raised $83 million in total.

Party Icons: Mobile-First Gaming Company Raises $9 Million (Seed)

By Amit Chowdhry ● Nov 6, 2024

Party Icons, a mobile-first gaming platform with three fully playable modes, announced it has raised $9 million in a private funding round led by BITKRAFT Ventures, bringing its total funding to $20 million. This investment emphasizes confidence in Party Icons’ potential to revolutionize the gaming landscape with its innovative gameplay design and open ecosystem, powered by its unique “Party-as-a-Service” live operations model and integrated Web3 infrastructure. Joining BITKRAFT in this round are other notable investors, including IDG Capital, Gam3Girl Ventures, Leap Capital, Mantle Network, King River Capital, Mask Network, Yield Guild Games, Zentry, 32-Bit Ventures, Ed3n Ventures, Palm Drive Capital and individual investors Sebastien Borget (Co-Founder of Sandbox), and Cristian Manea (a prolific Web3 angel).

Simbe: Store Intelligence Solutions Company Raises $50 Million (Series C)

By Amit Chowdhry ● Nov 6, 2024

Simbe, a leading provider of Store Intelligence solutions, announced the closing of a $50 million Series C equity financing round led by Growth Equity at Goldman Sachs Alternatives, with participation from Eclipse and Valo Ventures and other existing investors. And since raising its Series B last year, Simbe achieved significant momentum and milestones such as introducing multiple capabilities and securing numerous new and expanded partnerships across various retail sectors.

Skyfire: New Funding Raised From Coinbase And a16z

By Amit Chowdhry ● Nov 6, 2024

Skyfire recently announced significant growth for the world’s only payment network built for the AI Agent economy, enabling fully autonomous transactions across AI Agents, LLMs, data platforms, online retail, service providers, etc. And the company announced new funding from Coinbase Ventures and a16z CSX.