Startups

Kong: Cloud API Technologies Company Raises $175 Million At $2 Billion Valuation

By Amit Chowdhry ● Nov 25, 2024

Kong - a leading developer of cloud API technologies - announced it has closed a $175 million in up-round Series E financing (via mix of primary and secondary transactions) at a $2 billion valuation. This funding round was led by Tiger Global and co-led by new investor Balderton, with additional new participation from Teachers’ Venture Growth (the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan) and 137 Ventures, among others, and continued support from Andreessen Horowitz, Index Ventures, CRV, Sapphire Ventures, and Notable Capital. This brings Kong’s total raised to $345 million.

Halcyon: Cybersecurity Company Raises $100 Million (Series C) At $1 Billion Valuation

By Amit Chowdhry ● Nov 25, 2024

Halcyon, a leading platform designed from day one to defeat ransomware, announced today it had closed $100 million in Series C funding led by Evolution Equity Partners with participation from Bain Capital Ventures (BCV), SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, ServiceNow Ventures, and existing investors.

WeVets: Strategic Investment Raised From L Catterton

By Amit Chowdhry ● Nov 25, 2024

Global investment firm L Catterton announced that it has invested strategically in WeVets, a leading independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs, making high-quality veterinary care more accessible throughout Brazil.

NitroVolt: €3.5 Million (Seed) Raised To Develop Green Ammonia For Farmers

By Amit Chowdhry ● Nov 25, 2024

NitroVolt, a Danish startup developing green ammonia for farmers, today announced it has raised €3.5 million in seed funding. The participants in the round include BackingMinds, a Swedish early-stage venture capital firm, EIFO, the sovereign wealth fund of Denmark, and EQT Foundation, Satgana, and DivisionM. The Breakthrough Energy Fellowship provided a grant in 2023 and is now following that with an equity investment in the current round. The funding round will be used to build the first on-site container-sized demonstration unit, producing green ammonia from air, water, and clean electricity.

Klim: Regenerative Agriculture Solutions Company Raises $22 Million (Series A)

By Amit Chowdhry ● Nov 25, 2024

Klim, a leading European provider of insetting solutions that enable the food industry to transform its supply chains towards regenerative agricultural practices, announced the closing of its Series A funding round, led by BNP Paribas, Europe’s largest bank. The funding round also saw participation from prominent investors, including Earthshot Ventures, Rabobank, Agfunder, Norinchukin Bank, Achmea Innovation Fund, Ananda Impact Ventures, and Elevator Ventures, the VC of Raiffeisenbank International.

Alison.ai: AI-Based Ad Solutions Company Raises $13 Million (Seed)

By Amit Chowdhry ● Nov 25, 2024

Alison Technologies (Alison.ai), an AI-based advertising solutions company, announced the closing of a $13.3 million seed funding round. Almaz Capital led the round, which also included Foresight Group, Cardumen Capital, Crescendo Venture Partners, and Alumni Ventures.

Lighthouse: Commercial Intelligence Platform Secures $370 Million (Series C)

By Amit Chowdhry ● Nov 25, 2024

Lighthouse, a leading commercial intelligence platform for the travel and hospitality industry, announced a $370 million growth investment led by KKR. This funding advances Lighthouse's goal of transforming commercial strategy for the $15 billion travel & hospitality technology market. The proceeds from this funding round will be used to drive continued product innovation across Lighthouse's platform, strategic acquisitions, and global expansion efforts.

Grey Market Labs: Cybersecurity Solutions Leader Secures $8 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Cybersecurity solutions Grey Market Labs (dba Replica Cyber) announced it has raised $8 million in Series A funding led by Capri Ventures, with participation from Blu Ventures and AFG to advance the adoption of its platform Replica. This funding will enable the company to advance its mission of delivering Secure Environments-as-a-Service, bringing unparalleled privacy and security in a vulnerable digital landscape.

TailorMed: Healthcare Technology Company Raises $40 Million

By Amit Chowdhry ● Nov 24, 2024

Healthcare technology leader TailorMed announced a $40 million round combining equity and debt. This funding positions the company to advance its bold vision of transforming medication access, adherence, and affordability across the United States. Windham Capital Partners led the round along with Citi Impact Fund, Samsung Next, BrightEdge, and the investment arms of some of the largest top health systems: Providence Ventures, OSF Healthcare, Inception Health, Ballad Ventures, UH Ventures, UnityPoint Health Ventures. TailorMed also benefited from the continued support of its early investors such as Sanara Ventures, Triventures, Accelmed, Almeda Ventures, and Bridges.

Trustero: AI-Based Security And Compliance Company Secures $10+ Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Trustero, an AI-based Security and Compliance, announced the closing of a $10.35 million Series A funding round led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. And Trustero is proving that AI can drive real revenue and breakthroughs in GRC, a space traditionally dominated by complex, high-cost, and manual processes.

Aviz: AI-Based Networking Solutions Company Secures $17 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Aviz Networks, a leader in AI-based networking solutions company, announced the closing of a $17 million Series A funding round. The funding round was led by Alter Venture Partners, with participation from existing investors Cisco Investments, Moment Ventures, Wistron and Accton and new strategic investors including Celestica and Qualcomm Ventures.

Addi: Fintech Company Signs $100 Million Credit Facility With Victory Park Capital

By Amit Chowdhry ● Nov 24, 2024

Addi, a Colombia-based fintech platform for integrated payments, shopping and banking, announced that it has secured a $100 million credit facility from Victory Park Capital (VPC), a leading global alternative investment firm specializing in private credit. This new facility will support Addi’s financing of credit originations in Colombia as it provides buy now, pay later (BNPL) solutions to consumers and merchants.

Enveda: $130 Million (Series C) Raised To Translate Nature Into New Medicines

By Amit Chowdhry ● Nov 24, 2024

Enveda - a biotechnology company using AI to translate nature into new medicines - announced an oversubscribed $130 million Series C funding round led by Kinnevik and FPV with participation from new and existing investors Baillie Gifford, Premji Invest, Lingotto Innovation, Lux Capital, Dimension Capital, True Ventures, Cresset Partners, The Nature Conservancy, and Henry R. Kravis. This funding round brings the total funding to $360 million.

OneCell Diagnostics: Precision Oncology Company Raises $16 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

OneCell Diagnostics, a genomics-based precision oncology company, announced that it has raised $16 million in an oversubscribed Series A funding round led by Celesta Capital. Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures participated in the round.

Ladder: Strength Training App Company Raises Over $100 Million

By Amit Chowdhry ● Nov 24, 2024

Strength training app company Ladder announced it has raised $15 million in Series B funding led by Point72 Ventures and ADvantage VC, with participation from Steve Pagliuca’s PagsGroup and Series A lead investors Tapestry VC and LivWell Ventures. And Ladder has also secured a $90 million growth investment from General Catalyst’s Customer Value strategy, to provide financing for customer acquisition costs. This combined financing will enable Ladder to reach a global audience.

Inversion: Space Transportation Company Raises $44 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Inversion - a company that is pioneering precision delivery on-demand from space to anywhere on Earth - announced a $44 million Series A funding round co-led by Spark Capital and Adjacent, with participation from Lockheed Martin Ventures, Kindred Ventures, and Y Combinator. This Inversion’s total funding to $54 million, following an earlier $10 million seed round.