Startups

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.

Human Longevity: Longevity Focused Company Completes $39.8 Million (Upsized Series B) Funding Round

By Amit Chowdhry ● Aug 21, 2024

Human Longevity Inc. (HLI), a longevity-focused technology company, announced today the completion of an oversubscribed $39.8M Series B round led by TVM Capital Healthcare with participation from new and existing investors, including Panacea Venture and Emerging Technology Partners. This funding round will invest in HLI's artificial intelligence health risk and recommendation platform, new longevity-focused technologies and services, and new expansion sites globally.

CruxOCM: Control Room Co-Pilot Platform Secures $17 Million (Series A)

By Amit Chowdhry ● Aug 21, 2024

CruxOCM, a leader in co-pilot technology for control room operators, announced the closing of a $17 million Series A funding round. The funding round was led by M12 (Microsoft's Venture Fund), with participation from new investors, including ONEOK, Raven Indigenous Capital Partners and EIC Rose Rock Fund and with continued support from existing investors Angular Ventures, Bullpen Capital, Root Ventures, Industry Ventures, Cendana Capital, Pipeline Capital Partners, and Golden Ventures.

Consensus: AI-Based Scientific Research Search Engine Raises $11.5 Million (Series A)

By Amit Chowdhry ● Aug 21, 2024

Consensus, an AI-based search engine for scientific research, announced that it raised $11.5 million in new Series A funding. This funding round was led by Union Square Ventures, whose previous Series A investments include Twitter, Coinbase, and MongoDB. USV is joined by other investors, including Nat Friedman and Daniel Gross, and previous Seed investors Draper Associates, Kevin Carter, Path Ventures, and Alumni Ventures.

Kiteworks: Secure Content Communications Company Raises $456 Million

By Amit Chowdhry ● Aug 21, 2024

Secure content communications leader Kiteworks announced a $456 million growth equity investment from Insight Partners and Sixth Street Growth. This funding (a partial liquidity event) will strengthen Kiteworks’ market position in secure data transfer and collaboration as the only security platform authorized by FedRAMP to provide unified support for file sharing, managed file transfer, and email data communications to meet a broad range of global compliance requirements.

JetZero Raises Funding From Alaska Airlines To Develop New Blended-Wing Body Aircraft

By Amit Chowdhry ● Aug 21, 2024

Alaska Airlines announced an investment in JetZero, a company developing a new blended-wing body (BWB) aircraft that will provide up to 50% less fuel burn and lower emissions. This investment reflects Alaska's commitment to advancing new technology that will benefit the future of aviation, including those that enable the airlines' path to net zero carbon emissions. Alaska invested as part of JetZero's Series A last year and it is the first airline to do so.

Eppo: Experimentation Platform Company Closes $28 Million (Series B)

By Amit Chowdhry ● Aug 21, 2024

Experimentation platform company Eppo announced that it has raised $28 million in a Series B investment round. The round was led by Innovation Endeavors, with Icon VC participating as a participating investor. It also received additional support from existing investors Menlo Ventures and Amplify Partners.

BeyondMath: Advanced Engineering Simulation Company Closes $8.5 Million (Seed)

By Amit Chowdhry ● Aug 21, 2024

Advanced engineering simulation BeyondMath announced it has secured $8.5 million in seed funding led by UP.Partners, with significant participation from Insight Partners and InMotion Ventures (the investment arm of JLR). This funding supports BeyondMath's goal to reshape engineering practices globally with its AI-driven multiphysics simulation platform, accelerating engineering iterations by a factor of 1,000 compared to current solutions.

Create Health Ventures Closes First Fund Of $21 Million To Invest In Digital Health Companies

By Amit Chowdhry ● Aug 21, 2024

Create Health Ventures, a VC firm exclusively focused on early-stage digital health startups with founders from the healthcare industry, announced the closing of its first fund of $21 million and its goal of investing in innovations that improve access to care for everyone, enhance the patient experience and facilitate better patient health outcomes. And the firm invests in business-to-business (B2B) solutions that payers and pharmaceutical companies can utilize to meet business goals ranging from enhanced patient engagement and a more effective care journey to recruitment and retention in clinical trials as the need for participants accelerates.

Efficient Capital Labs: Revenue-Based Financing Provider Raises $11 Million (Series A)

By Amit Chowdhry ● Aug 21, 2024

Efficient Capital Labs (ECL), a leading revenue-based financing provider that provides non-dilutive capital to B2B SaaS companies operating in the South Asia-U.S. corridor, announced an $11 million Series A fundraising co-led by QED Investors and 645 Ventures. This funding round included participation from existing investors Riverside and Generalist, as well as new investors FJ Labs and Eudemian Ventures.

Admiral: Visitor Relationship Management Company Secures $19 Million

By Amit Chowdhry ● Aug 21, 2024

Admiral, a Visitor Relationship Management (VRM) company, announced the closing of $19 million in growth equity and debt funding, led by Harbert Growth Partners, the growth equity team of Harbert Management Corporation (HMC), joined by Bridge Bank and others. This latest funding round, combined with previous equity and debt, brings Admiral's total capital raised to $28 million, with Admiral funding partners including Birchmere Ventures, Gulfshore Capital, Florida Opportunity Fund, and media publisher Capitol Broadcasting.

XII Medical: $45 Million (Series B) Raised To Develop Therapies For Obstructive Sleep Apnea

By Amit Chowdhry ● Aug 21, 2024

XII Medical, a clinical-stage medical technology company developing innovative therapies for obstructive sleep apnea, announced the closing of a $45 million Series B equity financing. This financing was led by Omega Funds and joined by new investor Intuitive Ventures. Existing investors also joined, including founding investor Cleveland Clinic, Ajax Health, Longview Ventures (an affiliate of Broadview Ventures), Aperture Venture Partners, JobsOhio Growth Capital Fund, and an undisclosed strategic investor. The funds will be utilized to further product and clinical development. XII Medical developed a patient-centric neuromodulation therapy designed to enhance the quality of life for the millions of people suffering from obstructive sleep apnea.