Venture Capital

Zum: $100 Million At $1.7 Billion Valuation Raised From TPG To Scale AI-Driven Student Mobility Platform

By Amit Chowdhry ● Today at 8:59 AM

Zum announced it has raised $100 million in a strategic investment from TPG, bringing its total funding to $430 million and valuing the company at $1.7 billion. The investment was made through TPG’s Rise Funds impact investing platform and includes the addition of Steve Ellis, Managing Partner of The Rise Funds, to Zum’s Board of Directors. The funding will support the expansion of Zum’s Connected Mobility Experience platform and accelerate its growth across U.S. school districts.

U.S. Physical Therapy: $450 Million Credit Facility Strengthens Growth And Capital Flexibility

By Amit Chowdhry ● Today at 8:58 AM

U.S. Physical Therapy, a national operator of outpatient physical therapy clinics and industrial injury prevention services, announced it has closed a $450 million, five-year credit facility to support continued growth and strategic initiatives.

Terremoto Biosciences: $108 Million Series C Raised To Advance AKT1-Selective Oncology And Rare Disease Programs

By Amit Chowdhry ● Today at 8:57 AM

Terremoto Biosciences, a clinical-stage biotechnology company focused on highly selective small molecule therapies, announced it has closed a $108 million Series C financing to advance its pipeline targeting cancer and rare diseases. The round included new investors RA Capital Management, Deep Track Capital, Osage University Partners, and BeOne Medicines, alongside existing backers OrbiMed, Third Rock Ventures, Novo Holdings, and Cormorant Asset Management.

CACI: $306 Million Defense Logistics Agency Task Order Expands Software Development And Financial Systems Support

By Amit Chowdhry ● Today at 8:54 AM

CACI International announced it has been awarded a five-year task order valued at up to $306 million to continue delivering software development and sustainment services for the Defense Logistics Agency through the Defense Agencies Initiative Global Model.

Eigen: $15 Million Seed Funding Raised To Build ‘Mutual Friend’ AI Platform

By Amit Chowdhry ● Yesterday at 12:04 PM

Eigen, a newly launched AI startup, has emerged from stealth with $15 million in seed funding to develop what it describes as the world’s “mutual friend,” a new category of AI designed to facilitate more meaningful human connections rather than replace them. The round was led by Benchmark, with participation from a group of prominent angel investors including Ben Silbermann, Gustav Söderström, Akshay Khotari, David Singleton, and Will Wu.

ActionAI: $10 Million Seed Funding Raised To Build Reliable AI Infrastructure For Enterprises

By Amit Chowdhry ● Yesterday at 11:33 AM

ActionAI, a startup focused on building reliability infrastructure for enterprise AI systems, announced it has raised $10 million in seed funding to address trust, accuracy, and accountability challenges in AI deployment. The round was led by UAE-based investors.

Loop: $95 Million Series C Raised To Scale AI Platform Across Supply Chain Operations

By Amit Chowdhry ● Yesterday at 11:31 AM

Loop, a full-stack AI platform for logistics and supply chains, announced it has raised $95 million in a Series C round to expand its capabilities and scale its platform across enterprise operations. The financing was led by Valor Equity Partners and the Valor Atreides AI Fund, with participation from 8VC, Founders Fund, Index Ventures, J.P. Morgan Growth Equity Partners, and Tao Capital Partners.

Zenskar: $15 Million Series A Raised To Advance AI-Native Revenue Automation Platform

By Amit Chowdhry ● Yesterday at 11:29 AM

Zenskar, an AI-native billing and revenue automation platform for B2B companies, announced it has raised $15 million in a Series A round to expand its agentic capabilities and accelerate adoption of its “zero-touch finance” approach. The financing was led by Susquehanna Venture Capital, Bessemer Venture Partners, Shine Capital, and Rho, with participation from Rocketship, J-Ventures, Future Back Ventures by Bain & Company, and Converge.

K1x: $175 Million Growth Investment Led By Sumeru To Scale AI Tax Infrastructure For Private Markets

By Amit Chowdhry ● Yesterday at 11:28 AM

K1x, an AI-native tax data platform for private markets, announced it has secured a $175 million growth investment to accelerate the development of its digital infrastructure for tax compliance and reporting. The round was led by Sumeru Equity Partners, with additional participation from existing investor Edison Partners, which is making its third investment in the company.

Balerion AI: $6 Million Seed Raised To Transform Mortgage Origination With Agentic AI

By Amit Chowdhry ● Yesterday at 11:21 AM

Balerion AI, an agentic AI platform built for mortgage loan origination, announced it has raised $6 million in seed funding to accelerate development of its end-to-end automation technology. The round was led by Kleiner Perkins, with participation from Formation and BoxGroup.

International Battery Metals: $2.8 Million Follow-On Investment Advances Lithium Extraction Platform

By Amit Chowdhry ● Yesterday at 11:20 AM

International Battery Metals (IBAT), a provider of modular direct lithium extraction (DLE) systems, announced it has secured a $2.8 million follow-on investment as part of an existing financing agreement with EV Metals VII LLC. The investment represents the fourth tranche under a previously announced binding letter of intent, bringing total committed funding under the agreement to $15.0 million.

Orthogon Therapeutics: $11 Million Follow-On Financing Advances BK Virus Antiviral Program

By Amit Chowdhry ● Yesterday at 11:18 AM

Orthogon Therapeutics, a biotechnology company focused on polyomavirus infections, announced it has raised an additional $11 million in follow-on financing, bringing its total capital raised to $36 million. The funding will support continued development of its first-in-class antiviral drug targeting BK polyomavirus, a major source of complications in transplant patients with no currently approved treatments.

EdgeCortix: New Investment From Axiro Semiconductor And MPower Partners To Accelerate Edge AI Platform Development

By Amit Chowdhry ● Yesterday at 10:33 AM

EdgeCortix announced a new strategic investment from Axiro Semiconductor and MPower Partners, reinforcing its position in energy-efficient AI processing and supporting the advancement of next-generation edge AI platforms.

ACE & Company: $228 Million Raised Across Flagship Funds In Q1 2026 Amid Volatile Market Conditions

By Amit Chowdhry ● Yesterday at 10:23 AM

ACE & Company announced it raised a combined $228 million in new capital commitments across two flagship funds during the first quarter of 2026, exceeding internal targets despite ongoing market volatility and geopolitical uncertainty.

Kingswood Capital Management: Strategic Investment In Soulshine Farms To Expand Poultry Processing Capabilities

By Amit Chowdhry ● Yesterday at 10:18 AM

Kingswood Capital Management announced it has completed a strategic investment in Soulshine Farms, a provider of poultry further-processing solutions, marking another expansion of its food and beverage investment portfolio.

Divert: Strategic Partnership With Mitsubishi Elevates Valuation Above $1 Billion And Expands Circular Infrastructure

By Amit Chowdhry ● Yesterday at 10:06 AM

Divert announced a strategic partnership with Mitsubishi Corporation, which includes a Series C investment led by Mitsubishi and establishes a new model for scaling circular economy infrastructure across North America.

Lightyear Capital: $2.5 Billion Fund VI Closes At Hard Cap

By Amit Chowdhry ● Yesterday at 10:00 AM

Lightyear Capital announced the final close of Lightyear Fund VI at its hard cap of approximately $2.5 billion, significantly exceeding its initial $1.75 billion target and marking the largest fund in the firm’s history.

Turner Mining Group: Up To $150 Million Equipment Financing Facility With Wingspire To Accelerate North America Expansion

By Amit Chowdhry ● Yesterday at 9:52 AM

Turner Mining Group announced it has secured an equipment financing facility of up to $150 million from Wingspire Equipment Finance, providing flexible capital to support fleet expansion and multi-site growth across North America.