Startups

Monolith Materials: Funding Raised From Investor Consortium

By Amit Chowdhry ● Sep 28, 2024

Monolith Materials, a leader in clean hydrogen and carbon black, announced a closed funding round from existing investors, including Azimuth V Energy Evolution Fund and Azimuth Capital Management's Development Company Platform, Cornell Capital, Decarbonization Partners, TPG Rise Climate, and Warburg Pincus.

Crisp: Collaborative Commerce Company Raises $72 Million (Series B)

By Amit Chowdhry ● Sep 28, 2024

Crisp announced it has closed a $72M Series B equity round, including $17 million from new strategic investors including Wellington Management, Toshiba Corporation, DNX, Cox, and Prologis. This funding brings the total equity raised by Crisp to $97 million since inception.

Cyclic Materials: Advanced Recycling Company Raises $53 Million (Series B)

By Amit Chowdhry ● Sep 28, 2024

Cyclic Materials, the advanced recycling company creating a circular supply chain for rare earth elements (REEs) and other critical materials, announced it has closed an oversubscribed $53 million Series B equity round.

Bot Auto: $20 Million (Pre-Series A) Raised For Deploying Autonomous Trucking

By Amit Chowdhry ● Sep 28, 2024

Bot Auto, a pioneering company in autonomous vehicle (AV) technology based in Houston, Texas, announced the completion of its Pre-A funding round, which was oversubscribed, raising $20 million. Brightway Future Capital, Cherubic Ventures, EnvisionX Capital, First Star Ventures, Linear Capital, M31 Capital, Taihill Venture, Uphonest Capital, and Welight Capital led the funding round.

The Curling Group: $5 Million (Seed) Funding Secured To Broaden Global Reach Of The Sport

By Amit Chowdhry ● Sep 28, 2024

Avid Ventures: $87 Million Early Stage Fund II Launched

By Amit Chowdhry ● Sep 28, 2024

Avid Ventures announced launching its second fund, an $87 million early-stage vehicle that brings the total capital raised since inception to over $165 million. Avid Fund II is committed to backing exceptional founders who are building transformative software and fintech companies at the Seed through Series B stages. Avid Fund II has completed five initial investments in various sectors: payments, insurance, gaming, and data analytics.

Tetrix: $5 Million (Seed) Raised To Empower Capital Allocators With Insights To Navigate Alternative Investments

By Amit Chowdhry ● Sep 28, 2024

Tetrix, a company whose mission is to empower capital allocators with AI-based insights to navigate alternative investments, announced it has raised a $5 million seed round led by Innovation Endeavors with participation from prominent angels from Blackrock, CPPIB, SoftBank, Lending Club, and Plaid.

Observe Closes $145 Million (Series B) To Transform The Way Data Is Stored And Analyzed

By Amit Chowdhry ● Sep 28, 2024

Observe—a SaaS observability company reinventing how machine-generated data is stored, managed, and analyzed—announced Project Voyager, its most significant product update yet. The company also announced the closing of $145 million in Series B funding, with the most recent investments by Evolution Equity Partners and Madrona Ventures. Madrona Managing Director Soma Somasegar also joins Observe's board of directors, effective immediately.

Agile Space Industries Raises Strategic Investment From Veteran Ventures

By Amit Chowdhry ● Sep 28, 2024

Veteran Ventures Capital (VVC), a VC firm focused on investing in dual-use national security technology businesses led by veteran entrepreneurs and leaders, announced a strategic investment in Agile Space Industries, a leading innovator of in-space chemical propulsion technologies. And Agile specializes in developing advanced chemical propulsion systems, including thrusters and rocket engines for satellites and spacecraft, which are designed, 3D printed, and tested all under one roof.

Mevo: Brazil-Based Digital Prescription Platform Secures $19 Million (Series B)

By Amit Chowdhry ● Sep 28, 2024

Mevo, a leading digital prescription platform in Brazil, announced it has raised $19 million USD ($110 million BRL) in new venture funding. And Mevo enables patients to easily access their prescriptions and purchase medications through a user-friendly mobile interface. This funding round was led by Matrix, with participation from Jefferson River Capital (former Blackstone President and current Costco chairman, Tony James’ family office).

Dunya Analytics: $1.2 Million (Seed) Raised To Simplify Measurement Of Biodiversity Risks

By Amit Chowdhry ● Sep 28, 2024

Dunya Analytics, a provider of science-based digital tools that simplify the measurement and management of biodiversity risks, announced it has received $1.2 million in seed funding. Synovia Capital led the funding round, which included a highly credentialed group of investors, including KDX and Persei Venture.

Micropep: Micropeptide Crop Protection Company Raises $40 Million (Series B)

By Amit Chowdhry ● Sep 28, 2024

Micropep Technologies, a global leader in micropeptide crop protection technologies, announced it has successfully closed its Series B funding round with an additional $11 million commitment. This funding round, from new investors Corteva (through its Corteva Catalyst platform), Sparkfood SA, and all existing investors brings the total Series B round to $40 million and elevates the company's total funding to over $60 million.

Mendaera: $73 Million (Series B) Raised To Scale Robotics And AI

By Amit Chowdhry ● Sep 28, 2024

Mendaera - a Silicon Valley-based healthcare technology company developing a handheld robotic interventional platform - announced the closing of $73 million in Series B funding led by Threshold Ventures, with participation from investors including Lux Capital, PFM Health Sciences, and Fred Moll (founder of Intuitive Surgical and Auris Health). The funding will further Mendaera’s efforts to scale robotics and AI across mainstream medical procedures.

LiquidStack: $20 Million (Series B Extension) Raised From Tiger Global

By Amit Chowdhry ● Sep 28, 2024

LiquidStack, a global leader in liquid cooling for data centers, announced that it raised a $20 million Series B extension investment from leading investment firm Tiger Global, bringing LiquidStack’s total Series B funding round to $35 million. This full-service liquid cooling provider will use the funds to expand its manufacturing footprint, scale its direct-to-chip and immersion cooling product family roadmaps, and broaden its commercial and R&D operations.

ARCH Venture Partners: $3+ Billion New Fund Raised To Invest In Next-Gen Biotech Companies

By Amit Chowdhry ● Sep 28, 2024

ARCH Venture Partners announced the closing of ARCH Venture Fund XIII, a venture capital fund with over $3 billion to support the founding and growth of early-stage biotechnology companies.

858 Therapeutics: Drug Discovery Company Raises $50 Million (Series B)

By Amit Chowdhry ● Sep 28, 2024

858 Therapeutics announced it raised $50 million in a Series B financing led by Avidity Partners. Participation came from Insight Partners, Mirae Asset Capital, and Alexandria Venture Investments, as well as existing investors Versant Ventures, NEA, and Logos Capital. As part of the funding, Monal Mehta, Ph.D., Managing Director at Avidity Partners, will join the company’s Board of Directors.

SEEN: Haircare Brand Company Secures $9 Million (Series A)

By Amit Chowdhry ● Sep 28, 2024

SEEN, a haircare brand developed by Harvard-trained Dermatologist Dr. Iris Rubin, has closed a $9 million Series A funding. This funding will accelerate SEEN's growth as the premier science-backed, clinically proven beauty brand. The participants include Mitch Rales, Co-Founder of Danaher Corporation; Somerville SPV, led by acclaimed investor Feroz Dewan; Sator Grove Holdings, a permanent capital investor; and George Mrkonic, a Board Director of Ulta Beauty. SEEN also received early funding support from renowned Harvard dermatologists and scientists, including Dr. Rox Anderson at Harvard/Massachusetts General Hospital.

OxeFit: AI-Based Health And Fitness Company Raises $17.5 Million

By Amit Chowdhry ● Sep 28, 2024

OxeFit, a leader in AI-based health and fitness experiences, announced Dave Asprey and Anne Mahlum as investors in the company's latest $17.5 million round of funding, bringing the total to over $70 million.

Utility Global: Off-Gas-To-Value Company Raises $53 Million (Series C)

By Amit Chowdhry ● Sep 28, 2024

Utility Global, an off-gas-to-value company pioneering its proprietary eXERO gas production technology optimized for hard-to-abate industries, announced that it has raised $53 million of an ongoing Series C funding led by the OPG Pension Plan and joined by multinational steel company ArcelorMittal S.A. through its XCarb Innovation Fund, along with current investors Ara Partners and Aramco Ventures. This funding is part of Utility Global’s current growth equity funding round.

Welltory: $3 Million Credit Facility Closed To Invest In Expansion

By Amit Chowdhry ● Sep 28, 2024

Welltory, a leading all-in-one personalized health and wellness app, announced it has closed a $3 million credit line with Braavo Capital. This funding will enable Welltory to invest deeper into its strategic product and market growth to become the preventative and people-centric care category leader.

Teleport: Two Key Leaders Appointed To Scale Secure Infrastructure Access

By Amit Chowdhry ● Sep 28, 2024

Teleport, a leader in secure infrastructure access, announced the expansion of its executive team to scale and accelerate the company’s next growth phase. And Jeff Bunten has joined as the company’s Chief Revenue Officer (CRO), with worldwide responsibility for all revenue growth and sales strategy aspects. Diana Jovin has been named Chief Marketing Officer (CMO), responsible for scaling global marketing execution.

Mediwhale: AI-Based Health Diagnostics Company Raises $12 Million (Series A)

By Amit Chowdhry ● Sep 28, 2024

AI-based health diagnostics company Mediwhale announced it raised $12 million in Series A2 funding. This funding utilizes the momentum of their technological advancements and rapid adoption of its innovative biomarker for preventing cardiovascular disease in general hospitals and clinics.

Looma: In-Store Digital Media Company Raises $10 Million

By Amit Chowdhry ● Sep 28, 2024

Looma, a leading provider of in-store digital media, announced that it has raised approximately $10 million from a group of family offices, YETI Capital, and current investors. And Looma will use the funding to expand its platform in new and existing retail partners and extend its product offering.

With: $10 Million (Seed) Raised To Help Local Leaders Optimize Community Engagement

By Amit Chowdhry ● Sep 28, 2024

With, which is an end-to-end platform for all city offerings to its communities, announced it raised $10 million in a seed financing round to help local government leaders and their trusted partners make sure any dollar spent on community engagement does not go to waste. The participants in the funding round include Boaz Amiti, Tal Ventures, Iron Nation, Unicorn Technologies, Ariel Maislos, and Yuval Bar Gil, alongside leading gov-tech industry entrepreneurs Zac Bookman, co-founder and CEO at OpenGov and Eyal Feder, co-founder and CEO at Zencity.

Upfront: Real Estate Finance Platform Secures $2.5 Million

By Amit Chowdhry ● Sep 28, 2024

Real estate finance platform Upfront announced it has raised $1.5 million in equity and $1 million in debt funding to revolutionize broker-agent financing. This funding round, which was led by Diagram Ventures with participation from ROC Venture Group, enables Upfront to officially launch and provide exclusive financial solutions to help brokerages attract, retain, and empower top-performing agents.

Pie: Social App Company Raises $11.5 Million (Series A)

By Amit Chowdhry ● Sep 28, 2024

Pie is a social app that makes it easy for friends to connect in real life. The company recently announced it raised $11.5 million in Series A funding, led by Kirsten Green of Forerunner Ventures, with participation from Origin Ventures, Renegade Partners, Twitter co-founder Ev Williams, and others. With this funding round, the company has raised $24 million.

Mews: $100 Million In Financing Raised From Vista Credit Partners

By Amit Chowdhry ● Sep 28, 2024

Industry-leading hospitality cloud Mews announced $100 million in financing from Vista Credit Partners, the subsidiary of Vista Equity Partners and a strategic credit and financing partner focused on the enterprise software, data, and technology markets.

Gladly: Customer Service Innovation Leader Secures $40 Million

By Amit Chowdhry ● Sep 28, 2024

Gladly - a leader in customer service innovation - announced a unified Customer Service Platform, powered by advanced AI. Venture capital firm AVP led a $40 million funding round to drive the company’s growth.

3D Cloud: $20 Million Growth Capital Investment Raised

By Amit Chowdhry ● Sep 28, 2024

3D Cloud (formerly Marxent), the global leader in 3D digital asset management for 3D product visualization, announced a $20 million growth investment led by Arnie Bellini of Bellini Capital. And Bellini, a prominent Tampa Bay tech entrepreneur and board member at 3D Cloud has expanded his support as the company continues to dominate the next generation of online shopping experiences and replace legacy systems.

Prepared: $27 Million (Series B) Secured To Transform Emergency Communications

By Amit Chowdhry ● Sep 27, 2024

Prepared, a leading AI platform built to transform emergency communications, announced a series B funding of $27 million led by Andreessen Horowitz, with participation from returning investors First Round Capital and M13. And new investor NewView Capital also participated in the round. This second funding round from a16z, First Round, and M13 brings Prepared’s total investments to $57 million.