Startups

Siepe: $30 Million (Series B) Raised To Advance Private Credit Platform

By Amit Chowdhry ● Aug 27, 2024

Siepe, a provider of software and technology-enabled services for private credit and CLO managers, announced it has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). This funding will drive a multi-product roadmap, expand AI/ML capabilities, and strengthen strategic partnerships.

Fortera: Materials Technology Company Secures $85 Million (Series C)

By Amit Chowdhry ● Aug 27, 2024

Advanced materials company Fortera announced it secured $85 million in Series C funding to scale the deployment of its low-carbon cement technology that integrates with existing infrastructure. This funding round included participation from previous investors Khosla Ventures and Temasek, and first-time investments from Wollemi Capital, NOVA by Saint-Gobain, Presidio Ventures, and Alumni Ventures.

Clarium: Healthcare Technology Company Raises $10.5 Million

By Amit Chowdhry ● Aug 27, 2024

Clarium, a healthcare technology company transforming hospital supply chain operations, announced a $10.5 million strategic funding round. This investment was led by General Catalyst, with backing from Kaiser Permanente Ventures, Texas Medical Center Venture Fund, Yale New Haven Health, and existing investors AlleyCorp, 1984 Ventures, Alumni Ventures, and others. The funding brings Clarium’s total capital raised to date to $16 million.

trumpet: Digital Sales Room Company Raises $6.35 Million (Seed)

By Amit Chowdhry ● Aug 27, 2024

Digital sales room and customer onboarding company trumpet announced it has raised $6.35 million in a competitive seed funding round led by AlbionVC. The company’s previous investors Lightbird Ventures, Anamcara Capital and Triple Point Ventures also contributed to the round, enabling trumpet to expand to the US and advance revenue intelligence signals powered by AI and machine learning which are generated using the millions of proprietary data points trumpet is collecting throughout sales cycles.

truCurrent: Microgrid And Mobility Company Raises $37.5 Million

By Amit Chowdhry ● Aug 27, 2024

Distributed Sun (DSUN) announced $37.5 million of new working capital to spin out and ramp operations of its New Energy Investment Company (NEIC) truCurrent. With 15 years of best practice leadership, business model innovation, and proven consistent asset yield performance, truCurrent provides large fleet and facility operators – the know-how to make and execute better energy choices, mitigate operating and financial risks, and realize best-value, bottom-line rewards from smart energy transitions.

Viggle AI: $19 Million (Series A) Raised To Transform Character Animation With GenAI

By Amit Chowdhry ● Aug 26, 2024

Viggle AI, a Canada-based company transforming character animation through generative artificial intelligence, today announced it has raised $19 million in Series A funding led by Andreessen Horowitz (a16z), with participation from additional investor Two Small Fish. This funding round round will enable Viggle AI to continue to scale, accelerate product development, expand its team, and solidify its position as a leader in controllable video generation and AI animation.

Depot: Build Acceleration Platform Secures $4.1 Million (Seed)

By Amit Chowdhry ● Aug 26, 2024

Fast-growing build acceleration platform Depot announced it raised $4.1 million in seed funding led by Felicis. Y Combinator, Aviso Ventures, Tokyo Black, and several angels also participated in the round.

Techstars And Northwestern Medicine Collaborate On Accelerator Program

By Amit Chowdhry ● Aug 26, 2024

Startup accelerator Techstars and Northwestern Medicine are collaborating to launch a new accelerator program aimed at advancing healthcare innovation. Northwestern Medicine and the Techstars Healthcare Accelerator will invest in the most promising early-stage healthcare startups, creating a pathway for founders to build high-growth companies dedicated to advancing quality care and patient outcomes.

Openwater: Medical Technology Company Raises $100 Million In Total Funding

By Amit Chowdhry ● Aug 26, 2024

Openwater announced the acceleration of its plans to commercialize its hospital-grade technology platform that integrates semiconductor physics, light, and sound to diagnose and treat diseases at the cellular level. Founded by brain tumor survivor and former Google X, Meta, and One Laptop Per Child executive Mary Lou Jepsen, Openwater has secured $100 million in total funding from new and existing investors. The new and existing investors include Plum Alley Ventures, Khosla Ventures, BOLD Capital Partners, Esther Dyson, and Peter Gabriel.

Raiz: Strategic Investment From State Street Global Advisors

By Amit Chowdhry ● Aug 26, 2024

State Street Global Advisors - which is the asset management business of State Street Corporation, announced a strategic investment in Raiz Invest Limited. Raiz is a leading Australian fintech platform that helps customers grow their wealth by helping them to save and invest.

Arch Lending: Crypto-Backed Loan Provider Company Raises $75 Million

By Amit Chowdhry ● Aug 26, 2024

Crypto-backed loan provider company Arch Lending announced it raised $75 million in funding, including an oversubscribed $5 million equity seed round and a $70 million loan financing facility. This equity round was co-led by Morgan Creek Digital and Castle Island Ventures with participation from Galaxy Ventures, BitGo Ventures, etc. Arch serves individuals and institutions and it is known for its concierge customer service, premier product experience, and security and trust.

Talus Bioscience: Drug Discovery Company Raises $11.2 Million (Seed+)

By Amit Chowdhry ● Aug 26, 2024

Talus Bioscience, a drug discovery company launched by a team of scientific leaders in proteomics, biochemistry, and machine learning, announced $11.2 million in new venture funding. The seed+ round was led by Two Bear Capital, with participation from WRF Capital, NFX, YC Continuity Fund, Funders Club VC, and BoxOne Ventures.

Magnetar: Alternative Asset Manager Raises $235 Million For AI Fund

By Amit Chowdhry ● Aug 26, 2024

Leading alternative asset manager Magnetar announced the closing of Magnetar AI Ventures Fund LP - which is a $235 million venture fund that invests in early-to-growth stage companies advancing the generative AI revolution. This fund builds on Magnetar’s history of investing opportunistically across the private-public continuum and serving as a long-term partner to portfolio companies.

Diakonos Oncology: $11.4 Million (Seed) Raised To Advance Differentiated Dendritic Cell Vaccine

By Amit Chowdhry ● Aug 26, 2024

Houston-based Diakonos Oncology - a clinical-stage immuno-oncology company - announced the final closing of an oversubscribed seed financing of $11.4 million. This funding round was led by biotechnology investment firm Restem Group, with participation from existing investors.

Trace Machina: Simulation Infrastructure Company Raises $4.7 Million (Seed)

By Amit Chowdhry ● Aug 26, 2024

Trace Machina, a company building simulation infrastructure for safety-critical technologies in physical-world AI, launched out of stealth mode with $4.7 million in funding. Wellington Management led the seed funding round with participation from Samsung Next, Sequoia Capital Scout Fund, Green Bay Ventures, and Verissimo Ventures. And angel investors include Clem Delangue (CEO of Hugging Face); Mitch Wainer (Co-Founder of DigitalOcean); Gert Lackriet (Director of Applied Machine Learning at Amazon); and other industry leaders from OpenAI and MongoDB.

General Catalyst Partners Invests $120 Million In Re:Build

By Amit Chowdhry ● Aug 25, 2024

Re:Build Manufacturing is a company with a vision of re-energizing American manufacturing with high-tech design and engineering capabilities across critical industrial sectors like aerospace, healthcare, defense, and cleantech. Core to its mission is creating enduring jobs while strengthening vulnerable supply chains. General Catalyst announced it is investing $120 million to help support Re:Build’s vision.

VividQ: Computational Holography Company Closes $7.5 Million (Series A) In Funding

By Amit Chowdhry ● Aug 25, 2024

VividQ, an innovator in the computational holography space, announced the completion of an additional $7.5 million in Series A funding. This funding round was led by Foresight Group and included new investors such as GameTech Ventures, and Florida-based Ruttenberg Gordon Investments (RGI), as well as existing investors. And this round brings the company’s total funding to over $30 million.

Otto: Travel-Based AI Agent Company Raises $6 Million (Seed)

By Amit Chowdhry ● Aug 25, 2024

Otto, a company that is building an intelligent and autonomous AI travel agent for business travelers, announced that it has raised a $6 million seed round led by Madrona Ventures, with participation from Direct Travel and angel investors from across the business travel industry like Erik Blachford (former CEO of Expedia), IAC Travel and Couchsurfing; Barney Harford (former CEO of Orbitz and COO of Uber); and Hugh Crean (CEO of Operix and former CEO of Farecast-acquired by Microsoft).

TickPick: Event Ticket Marketplace Company Raises $250 Million

By Amit Chowdhry ● Aug 23, 2024

Brighton Park Capital (an investment firm focused on entrepreneur-led and growth-stage companies) announced a $250 million investment in TickPick (the modern transparent ticket marketplace transforming the event ticketing industry) to accelerate growth and scale operations. This deal represents the largest fundraising effort in the ticketing industry so far.

Deep Fission: Nuclear Energy Company Raises $4 Million (Pre-Seed)

By Amit Chowdhry ● Aug 23, 2024

Nuclear energy company Deep Fission announced its emergence from stealth mode and a $4 million pre-seed round led by 8VC. At the forefront of advanced energy technology, Deep Fission is aiming to redefine the future of nuclear power with an unique approach - which is placing reactors a mile underground.

MolecuLight: Point-Of-Care Fluorescence Imaging Company Raises $11.7 Million (Series C)

By Amit Chowdhry ● Aug 23, 2024

MolecuLight, a leader in point-of-care fluorescence imaging, announced the closing of a $11.7 million Series C funding round led by new investors Export Development Canada (EDC), Prosegur, and Azahar. Existing investors also participated in the round, demonstrating continued confidence in the company's growth.

David: $10 Million (Seed) Raised To Build Tools For Increasing Muscle

By Amit Chowdhry ● Aug 23, 2024

David, a platform that designs tools to increase muscle and decrease fat, announced a $10 million seed funding round. This investment was led by David CEO and co-founder Peter Rahal, with additional participation from Valor Siren Ventures, Peter Attia, M.D., and Andrew Huberman, Ph.D.

Pathalys Pharma: $105 Million (Series B) Raised To Develop Treatments For Kidney Disease

By Amit Chowdhry ● Aug 23, 2024

Pathalys Pharma, a private biopharmaceutical company in the late stages of developing treatments for kidney disease, announced it closed a $105 million Series B funding round. This oversubscribed financing was led by TCGX and joined by other notable investors including, JP Morgan Life Sciences Private Capital, Samsara BioCapital, Marshall Wace, KB Investment, JPS Growth Investment Limited Partnership, and included support from Pathalys' founding investors, Catalys Pacific and DaVita Venture Group.

Kubiya: Conversational AI Solution Company Raises $12 Million (Seed)

By Amit Chowdhry ● Aug 23, 2024

Kubiya, a leading Conversational AI solution for DevOps teams, announced it has closed a $12 million seed round with a $6 million extension of equity and debt financing and launched a new platform, AI Teammates. Heavybit led Kubiya’s current financing, with Hyperwise VC participating.

EDGLRD Secures Growth Investment From Reuben Brothers

By Amit Chowdhry ● Aug 23, 2024

Edgelord (EDGLRD), a digital IP-based studio led by Harmony Korine, announced a strategic investment from Reuben Brothers with participation from founding investor Samizdat. This investment provides significant funds into EDGLRD’s technology platform and IP portfolio.

Mindset Care: $13 Million Raised To Streamline Social Security Disability Benefits For Those With Mental Illnesses And Their Caregivers

By Amit Chowdhry ● Aug 23, 2024

Mindset Care, a platform designed to simplify the application process for Social Security Disability benefits for individuals with mental illnesses and their caregivers, announced $13 million in funding. Launched from Science Inc.’s startup studio, Mindset’s latest funding round was led by Science Inc., with additional funding from Wellington Management, Tubbs Ventures, Enable Ventures, XYZ, and LivEdge Capital.

Enteligent: Solar-Powered EV DC-To-DC Charger Company Raises $6 Million

By Amit Chowdhry ● Aug 23, 2024

Enteligent, a developer of solar-powered DC-to-DC chargers for electric vehicles (EVs), announced it has raised $6 million in funding from investors to scale the commercialization of its photovoltaic (PV) module-level power optimizers and its DC-to-DC based bi-directional EV chargers. This funding round was led by Taronga Ventures. This recent funding round brings the company’s total fundraising to $19 million since 2021, with historical investment from NOVA, an affiliate of global building materials company Saint-Gobain.

Solace: Digital Health Platform Company Raises $14 Million (Series A)

By Amit Chowdhry ● Aug 22, 2024

Solace, a digital health platform connecting patients with expert healthcare advocates, announced today that it has raised $14 million in Series A funding. Solace was launched in 2022 to improve health outcomes for individuals and families through a human-centric and personalized navigation approach.

Borealis Biosciences: RNA Medicines Company Raises $150 Million (Series A)

By Amit Chowdhry ● Aug 22, 2024

Borealis Biosciences, a next-generation RNA medicines company, has emerged from stealth with $150 million in combined Series A financing from founding investor Versant Ventures and Novartis, and committed strategic research collaboration funding from Novartis.

Tigertail Capital Partners Launches With Emphasis On HVAC Distributors

By Amit Chowdhry ● Aug 21, 2024

Miami-based investment firm Tigertail Capital Partners (TCP) announced an official launch. TCP is focused on investing in founder-owned businesses across highly fragmented industries with limited tech-enablement to date. It is being led by Alex Gatof, Andrew Och, and Zach Katz, who collectively have 25+ years of experience in private and public market investing, as well as software and data engineering.