Startups

DeltaStream: Serverless Stream Processing Company Secures $15 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

Serverless stream processing platform DeltaStream announced it had raised $15 million in Series A funding from New Enterprise Associates (NEA), Galaxy Interactive, and Sanabil Investments. This funding will accelerate the company’s vision of enabling a complete serverless stream processing platform to manage, secure, and process all streaming data, irrespective of data source or pipeline.

Nomic Bio: Protein Profiling Company Raises $42 Million (Series B)

By Amit Chowdhry ● Sep 18, 2024

Protein Profiling company Nomic Bio announced it raised $42 million in Series B funding. This funding round will enable Nomic to accelerate the expansion of its commercial operations, further invest in advancing its state-of-the-art protein profiling platform, and broaden its transformative offerings to meet the growing demand.

Nura Bio: Neuroprotective Therapy Company Closes $68 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

Nura Bio, a clinical-stage biopharmaceutical company developing neuroprotective and small molecule therapies for treating debilitating neurological diseases, announced the closing of over $140 million in Series A funding. And this includes adding $68 million to the initial Series A round of $73 million which was announced in 2020. This funding round was led by founding investor The Column Group, with participation from continuing investors Samsara Bio Capital and Euclidean Capital and new investor Sanofi Ventures.

AttoTude: AI And Hyperscale Data Center Applications Company Secures $29 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

AttoTude, a leader in interconnect technology for AI and hyperscale data center applications, announced a Series A funding round of $29 million. This funding round follows AttoTude’s initial Seed Round, which raised $11 million in March 2024. A combination of prominent investors, including Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital funded this funding round.

Sigo Seguros: Insurtech Company Raises $10.5 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

Sigo Seguros, a digital-first non-standard auto insurance brand that is eliminating extra fees, announced it has raised a $10.5 million Series A led by Varco Capital and returned investor Listen. Angeles Ventures and Flintlock Capital participated in the round, as did existing investors Zeal Capital Partners, Rise of the Rest, and Fiat Ventures. Varco Capital is the family office of Rafael and Carlos Varela, the founders of Pronto Insurance, a leading non-standard auto franchise.

Polly: Mortgage Capital Markets Operator Company Secures $25 Million

By Amit Chowdhry ● Sep 17, 2024

Polly, a leading provider of mortgage capital markets technology and operator of the industry's first cloud-native, commercially scalable product and pricing engine (PPE), announced $25 million in new growth equity capital.

AMI: Majority Investment Raised From THL Partners

By Amit Chowdhry ● Sep 17, 2024

Dynamic Firmware leader AMI announced that it will receive a majority investment from THL Partners, a premier private equity firm investing in middle-market growth companies. AMI offers leading technology companies silicon-level software (Dynamic Firmware) required to power, boot, manage, orchestrate, and secure modern computing environments. The strategic investment will accelerate AMI’s product expansion as it serves global silicon designers, device manufacturers, and cloud service providers.

FlightLogger: Flight School Management Company Raises Funding From Arcadea Group

By Amit Chowdhry ● Sep 17, 2024

FlightLogger, a leading cloud-based flight school management software provider, announced it has secured an additional, significant growth investment from Arcadea Group, a permanent capital investor in high-growth VSaaS companies. This marks the second growth equity funding led by Arcadea in FlightLogger, with the first completed in 2022.

Catalera: Biological Pest Control Company Raises Series A Funding Round

By Amit Chowdhry ● Sep 17, 2024

Catalera BioSolutions, an innovator in biological pest control solutions, announced the initial closing of its Series A funding round. Launched in the middle of May, Catalera is an independent company spun out of Terramera, an ag-tech company based in Vancouver.

Chicory: Significant Growth Investment Raised From SEVA

By Amit Chowdhry ● Sep 17, 2024

Chicory, a leading end-to-end contextual commerce media platform, announced that it has received a minority investment from SEVA I LP, a growth equity firm exclusively focused on serving customer-centric founders building profitable and technology-enabled companies.

Forterra: Self-Driving Technology Company Raises $75 Million (Series B)

By Amit Chowdhry ● Sep 17, 2024

Leading self-driving technology company Forterra announced it has raised $75 million in Series B funding. This funding round was more than 2.5x oversubscribed.

StackGen: Infrastructure From Code Company Raises $12.3 Million (Seed)

By Amit Chowdhry ● Sep 17, 2024

StackGen (formerly appCD), a generative infrastructure from code company, announced it has raised $12.3 million in seed funding and appointed Arshad Sayyad as Chief Business Officer. This funding round was led by Thomvest Ventures, with existing investors, FireBolt Ventures, WestWave Capital, and Secure Octane participating. And StackGen will utilize the funding to accelerate product development, enhance its go-to-market strategy, and fuel company growth.

Smartcat: Enterprise Language AI Company Raises $43 Million (Series C)

By Amit Chowdhry ● Sep 17, 2024

Enterprise language AI company Smartcat announced it raised $43 million in Series C funding. This funding round was led by Left Lane Capital.

RevBio: $2.4 Million NIH Grant Awarded From NINDS

By Amit Chowdhry ● Sep 17, 2024

RevBio announced that it was awarded a $2.4 million Phase II Small Business Innovation Research (SBIR) grant from the National Institute of Neurological Disease and Stroke (NINDS), which is part of the National Institutes of Health (NIH). This two-year grant (1R44NS135736-01A1) will allow the company to complete a 20-patient pilot clinical trial to examine the safety and efficacy of the company’s bone adhesive biomaterial called TETRANITE and it will be used to immediately fixate cranial flaps and enable bone fusion following craniotomy procedures associated with brain surgery.

Alosant: Customer Experience Platform Company Raises Series A Funding

By Amit Chowdhry ● Sep 17, 2024

Alosant, a leading customer experience platform for master-planned communities, announced it has raised Series A funding led by the esteemed Greg Avis, co-founder and former Managing Director of Summit Partners. This milestone, coupled with the strategic addition of key leadership and ongoing growth, propels Alosant's goal of enhancing community connections through innovative mobile technology.

Wealth.com: Estate Planning Platform Company Raises $30 Million (Series A)

By Amit Chowdhry ● Sep 17, 2024

End-to-end estate planning platform Wealth.com announced that it has raised $30 million in Series A funding led by GV (formerly Google Ventures). This investment validates the growing significance of combining scalable next-generation technology with the essential human touch that is required for financial planning.

Aucctus: AI-Based Innovation Management Platform Raises $1.5 Million

By Amit Chowdhry ● Sep 16, 2024

Two Boxes: $5.3 Million Raised For Streamlining Returns

By Amit Chowdhry ● Sep 16, 2024

Two Boxes, a way for brands and 3PLs to streamline returns and capture critical data from the process, announced it had raised $5.3 million. New investor Assembly Ventures and existing backers Vinyl, Range Ventures, and Matchstick Ventures also joined this round. The oversubscribed funding round, led by Peterson Ventures, more than doubled the company's valuation.

TeamBridge: Workforce Operating System Raises $28 Million (Series B)

By Amit Chowdhry ● Sep 16, 2024

TeamBridge, one of the fastest-growing Workforce OS (workforce operating system) empowering hourly workforces, announced it has raised $28 million in a Series B round led by Mayfield. Existing investors General Catalyst and Abstract Ventures participated.

Novameat: Sustainable Food Company Secures €17.4 Million (Series A)

By Amit Chowdhry ● Sep 16, 2024

Sustainable food technology company Novameat, creating pioneering plant-based products with a unique fibrous texture and strong customer acceptance, announced that it has raised €17.4 million in an oversubscribed Series A round. The funding round was led by Sofinnova Partners and Forbion via its BioEconomy Fund and follows a reinvestment from Unovis Asset Management, Praesidium, and Rubio Impact Ventures.

Thatch: Personalized Health Benefits Platform Company Raises $38 Million (Series A)

By Amit Chowdhry ● Sep 16, 2024

Personalized health benefits platform Thatch announced it has raised $38 million in Series A funding. This funding round was led by Index Ventures and General Catalyst, along with new investors SemperVirens and The General Partnership, with participation from existing investors, including Andreessen Horowitz (a16z) and Avid Ventures. This investment will fuel Thatch's mission to correct an accident of history and decouple health insurance from employment.

PhoreMost: Biopharmaceutical Drug Target Company Raises $50 Million (Series B)

By Amit Chowdhry ● Sep 16, 2024

PhoreMost, a leading UK biopharmaceutical company unlocking the next generation of drug targets, announced it has added $12 million to its Series B financing, bringing the total raised to over $50 million. Parkwalk Advisors led this additional investment, with participation from existing investors BGF, Dr Jonathan Milner, Amadeus Capital, and Astellas Venture Management. It will support the progression of PhoreMost’s pipeline of novel degrader assets.

Reonic: Climate Tech SaaS Company Raises €13 Million

By Amit Chowdhry ● Sep 16, 2024

Reonic, a climate tech SaaS startup focused on enabling the deployment of sustainable energy solutions across Europe, announced that it has raised a €13 million Series A funding round. The round, which was led by Northzone, includes participation from existing investors Point Nine and Puzzle Ventures.

Inflammatix: Molecular Diagnostics Company Closes $57 Million In Funding (Series E)

By Amit Chowdhry ● Sep 16, 2024

Molecular diagnostics company Inflammatix announced it raised $57 million in Series E funding led by Khosla Ventures and Think.Health. This funding round will support regulatory filing and early commercialization of the company's lead product, the TriVerity Acute Infection and Sepsis Test (TriVerity).

Acuvity: AI Security And Governance Company Raises $9 Million (Seed)

By Amit Chowdhry ● Sep 16, 2024

Acuvity, the creator of a comprehensive AI security and governance platform for employees and applications, announced a $9 million seed funding round led by Foundation Capital, with participation from individual investors like Basil Alwan, Sri Reddy and Jonathan Siddharth. And Acuvity will use the funding to accelerate the development of its products and protect the rapid expansion of AI adoption in the enterprise.

Unlock Technologies: $280 Million Raised To Help Homeowners With Equity Solutions

By Amit Chowdhry ● Sep 13, 2024

Unlock Technologies - a leading fintech company transforming the homeownership experience - announced a significant strategic partnership with D2 Asset Management (D2). This agreement includes a $30 million Series B equity investment in Unlock and a $250 million capital commitment from D2 to support Unlock’s origination growth. Also joining Series B were Saluda Grade, Second Century Ventures, and REACH, the venture and tech growth arm of the National Association of REALTORS.

Second Front Systems: $70 Million (Series C) Raised To Fast-Track Government Access To SaaS Apps

By Amit Chowdhry ● Sep 13, 2024

Second Front Systems (2F), a public-benefit software company focused on enabling the delivery of mission-critical software solutions, announced today the closing of its $70 million Series C funding round. Salesforce Ventures led the round, which included new investors Battery Ventures and existing investors NEA, Moore Strategic Ventures, and Artis Ventures.

Ledgebrook: Insurance Technology Company Secures $17 Million (Series B)

By Amit Chowdhry ● Sep 13, 2024

Insurance technology company Ledgebrook announced the completion of a $17 million Series B funding round. This funding also introduces two esteemed Family Offices to the Ledgebrook cap table: Duquesne (who led the round) and The Stephens Group, and it includes participation from long-term partners Brand Foundry Ventures & American Family Ventures. The funding will also enable Ledgebrook to accelerate the expansion of current operations & embark on new, innovative projects.

XP Health: $33.2 Million (Series B) Closed To Modernize Vision Care

By Amit Chowdhry ● Sep 13, 2024

XP Health, a company focused on modernizing vision care with a digital-first vision care platform, announced a new $33.2 million Series B infusion of capital. This funding round was led by global fintech VC firm QED Investors with other prominent investors, including Canvas Ventures, American Family Ventures, HC9 Ventures, Valor Capital Group, and Manchester Story, who were all also part of a $17.1 million Series A round announced in fall 2022. So far, XP Health raised a total of over $55 million.

Datassential: Growth Investment Raised From New Mountain Capital

By Amit Chowdhry ● Sep 13, 2024

Datassential, which is a leading global food and beverage intelligence platform, announced a strategic investment from New Mountain Capital (a growth-oriented investment firm with over $55 billion in assets under management) and Endicott Capital (an investment firm focused exclusively on the information services sector). This partnership with New Mountain Capital and Endicott represents a major step in Datassential's journey toward further enhancing its impact, strengthening its capabilities, and expanding its reach to serve clients across the food and beverage industry.