Startups

Elum Energy Raises $13 Million (Series B) To Address Global Renewable Market

By Amit Chowdhry ● Sep 11, 2024

Elum Energy - a provider of advanced energy management solutions for renewable energy systems - announced it secured $13 million in Series B funding led by Energize Capital, with participation from existing investors Alter Equity and Cota Capital. This funding will support the company's ambitious growth plans to address the booming global renewable market, such as a U.S. launch and product evolution within the energy storage and EV integration categories.

Agora Data: $100 Million In Additional Funding Capacity From Waterfall Asset Management

By Amit Chowdhry ● Sep 10, 2024

Agora Data - a fintech company focused on empowering car dealers with finance company-level strength while maintaining their existing processes - announced additional funding capacity from Waterfall Asset Management for up to $100 million. This new mezzanine line of credit advances Agora's ability to support and expand participation from both independent and franchise auto dealers.

Mavely: $675+ Million GMV Run Rate Achieved

By Amit Chowdhry ● Sep 10, 2024

Mavely announced several achievements, emphasizing its position as a rapidly growing player in the influencer marketing industry. With incredible growth and significant financial milestones in the first half of 2024, Mavely continues its momentum to empower people to monetize their content by promoting the world's favorite brands.

Aifleet: Tech-Based Trucking Company Raises $16.6 Million (Series B)

By Amit Chowdhry ● Sep 10, 2024

aifleet, which is the industry's first full-stack and scalable carrier utilizing AI to humanize trucking, announced today it had raised a $16.6 million Series B funding round led by Tom Williams at Heron Rock, with participation from Volvo Group Venture Capital, Obvious Ventures, Ibex Investors, Compound, Winthrop Square, and Cooley. With this funding round, the company has raised nearly $50 million.

Darkhive: Defense Tech Company Secures $21 Million (Series A)

By Amit Chowdhry ● Sep 10, 2024

Defense tech company Darkhive - a company that is focused on open architecture Uncrewed Aircraft Systems (UAS) integrated with a secure software delivery system - announced it closed a Series A investment round of $21 million led by Ten Eleven Ventures. The additional investors in this funding round included Crosslink Capital, RTX Ventures, and Stellar Ventures.

Habyt: Flexible Living Spaces Company Raises €40 Million

By Amit Chowdhry ● Sep 9, 2024

Habyt, a leading provider of flexible living spaces, announced today €40 million in funding led by Mars Growth Capital (a joint venture of MUFG and Liquidity Group). This new funding round will support Habyt's ambitious expansion strategy, primarily through targeted acquisitions to consolidate its leadership position across critical regions.

Scientia Vascular: Neurovascular Innovation Company Raises $14 Million

By Amit Chowdhry ● Sep 9, 2024

Neurovascular innovation company Scientia Vascular announced it raised $14 million in growth funding led by Piper Sandler Merchant Banking. This funding will enable Scientia to continue commercializing the next generation of neurovascular tools, providing new possibilities for treating a variety of neurovascular disease states for patient benefit.

Bambusa Therapeutics: $15 Million (Seed) Raised To Develop Bispecific Antibodies

By Amit Chowdhry ● Sep 9, 2024

Bambusa Therapeutics - a biotechnology company focused on developing bispecific antibodies for the treatment of immunological and inflammatory (I&I) disorders - announced the closing of its Series Seed financing round at $15 million.

Candid Therapeutics Launches With $370 Million In Funding

By Amit Chowdhry ● Sep 9, 2024

Candid Therapeutics, a biotechnology company focused on developing potentially transformative drugs to address autoimmune diseases, announced it has officially launched today. To drive development and position Candid to become the leader in TCE antibodies for autoimmune diseases, Candid also acquired Vignette Bio and TRC 2004 through a simultaneous three-way merger and multi-step financing. This acquisition integrates two cutting-edge bispecific TCEs. In connection with the merger, Candid has successfully raised over $370 million in capital from an extensive roster of investors, including a recently completed financing co-led by Venrock Healthcare Capital Partners, Fairmount, TCGX, and venBio Partners.

finally: AI-Based Finance/HR Suite Raises $200 Million (Series B And Credit Facility)

By Amit Chowdhry ● Sep 9, 2024

finally, an AI-based all-in-one finance and HR suite, announced it has closed a $50 million Series B from PeakSpan Capital and $150 million credit facility from Encina. This new funding round follows the company’s $95 million Series A in 2022 and additional $10 million capital raised in February of this year, bringing total funds to date to $305 million.

CSA Medical: $53 Million (Series D) Raised For Advancing RejuvenAir System

By Amit Chowdhry ● Sep 9, 2024

CSA Medical, the developer of The RejuvenAir System (a Breakthrough Medical Device advancing the power of liquid nitrogen spray cryotherapy for the treatment of chronic bronchitis), announced the completion of an oversubscribed $53 million Series D preferred stock equity financing. TVM Capital Life Science and Yonjin Ventures co-led the round while also being joined by a syndicate of existing shareholders SV Health Investors, Ascension Ventures, First Analysis, Blue Heron, and Intersouth Partners.

PSG Invests In Education Technology Platforms Verity IQ And Campus Ivy

By Amit Chowdhry ● Sep 9, 2024

PSG (a leading growth equity firm specializing in partnering with technology-enabled services companies) announced a strategic growth investment today in two software companies serving career, community, trade, and higher education institutions and their students: Verity IQ and Campus Ivy. Verity IQ is a customer relationship management (CRM) and student information system (SIS) provider. And Campus Ivy is a provider of financial aid solutions.

ArcanaBio: Funding Secured From BioInnovation Institute

By Amit Chowdhry ● Sep 9, 2024

Biotech company ArcanaBio announced it was selected for funding by Denmark’s BioInnovation Institute (BII), supported by the Novo Nordisk Foundation. ArcanaBio will join BII’s Deep Tech Lab – Quantum program in Copenhagen from September 2024.

Epsilogen: Immunoglobulin Development Company Raises £12.5 Million (Series B)

By Amit Chowdhry ● Sep 9, 2024

Epsilogen - a leader in the development of immunoglobulin E (IgE) antibodies to treat cancer - announced today the completion of a £12.5 million Series B expansion financing, bringing the Series B total to £43.25 million. The funding will accelerate the delivery of clinical Proof of Concept for lead asset MOv18 IgE in a phase Ib trial featuring platinum-resistant ovarian cancer (PROC) and further development of the company’s IgE-based pipeline. The funding was entirely conducted by existing investors, including British Patient Capital, Novartis Venture Fund, Epidarex Capital, 3B Future Health Fund, and ALSA Ventures.

MassRobotics: Startups Pass $1 Billion In Funding And Second Accelerator Revealed

By Amit Chowdhry ● Sep 8, 2024

Independent robotics hub MassRobotics announced that its resident startups have raised over $1 billion in VC funding since opening its doors in 2017. This achievement emphasizes the vital role MassRobotics plays in accelerating robotics innovation, commercialization, and adoption of advanced technologies. The one billion dollar total represents funding from nearly 300 institutional investors.

Oyster: Global Employment Company Raises $59 Million (Series D)

By Amit Chowdhry ● Sep 8, 2024

Oyster, a global employment solution for employing, paying, and caring for distributed teams, announced it raised $59 million in Series D funding. Silver Lake Waterman led the round, which included existing investors Emergence Capital, Stripes, Georgian, G2 Venture Partners, and Endeavor Catalyst.

ABANZA: Advanced Soft Tissue Repair Company Raises $5 Million (Pre-Series A)

By Amit Chowdhry ● Sep 7, 2024

ABANZA, a company in advanced soft tissue repair solutions, announced the completion of its Pre-Series A funding round, raising $5 million. This funding round was led by a family office specializing in medical device investments, along with private investors. These funds will be used for accelerating the U.S. launch of ABANZA's innovative Soft Tissue Fixation product line, including the WasherCap and WasherCap Mini.

Butlr: MIT Media Lab Physical AI Spinout Company Raises $35 Milllion (Series B)

By Amit Chowdhry ● Sep 7, 2024

Physical AI (PAI) startup company Butlr announced $38 million in Series B funding to meet the increasing demand for its sensors and anonymous data, which can be used in any building to understand better how humans interact in a space. So far, the company has raised $68 million from investors, including Foundry, Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm.

Cobre: Corporate Treasury And Payments Platform Raises $35 Million (Series B)

By Amit Chowdhry ● Sep 7, 2024

Cobre, a Colombia-based treasury platform powering top Latin American CFO offices since 2020, announced that it secured $35 million in Series B funding led by Oak HC/FT. And existing investors Kaszek, QED and Canary also participated in the round.