Venture Capital

Blacklane: Chauffeur Services Provider Raises €60 Million (Series G)

By Amit Chowdhry ● Nov 4, 2024

Blacklane, a global chauffeur services provider, announced the closing of its largest financing round to date. The Series G round secures an investment of €60 million ($65 million) and marks a valuation increase of approximately 25% compared to the previous round in September 2023. Most existing investors supported this capital increase, which will strengthen Blacklane's investment strategy and support the company's healthy global growth strategy.

Latii: Property Technology Company Secures $5 Million (Seed)

By Amit Chowdhry ● Nov 4, 2024

Latii - a New York City-based property technology company - announced that it has secured $5 million in seed-round funding. Combined with the $3.3 million raised during a pre-seed round, this funding round brings Latii's total funding to $8.3 million.

YouLend: US Financing Capacity Expanded To $1+ Billion Through Castlelake Deal

By Amit Chowdhry ● Nov 4, 2024

YouLend, a global embedded financing platform, announced that it has secured a new financing facility with funds managed by Castlelake, a global alternative investment firm specializing in asset-based private credit.

Table22: $11 Million (Series A) Raised To Expand E-Commerce Tools For Merchants

By Amit Chowdhry ● Nov 4, 2024

Table22, a provider of revenue-expanding e-commerce tools for merchants in America's $1+ trillion food and beverage industry, announced an $11 million Series A funding round to expand its platform and customer network. This funding round was led by Lightspeed Venture Partners, with participation from institutional investors Footwork, Forerunner Ventures, and Alt Capital, and individual participants including founders of and leaders from category-leading companies like Square, BentoBox, and SevenRooms.

L2 Point Management: Nearly $460 Million Raised For Structured Equity Strategy

By Amit Chowdhry ● Nov 4, 2024

L2 Point Management, a private investment firm that provides innovative capital solutions to growth-stage companies, announced the closing of its inaugural structured equity fund, L2 Point Opportunities I, L.P., at about $312 million, surpassing its $300 million target. The fund’s capital (combined with capital raised by L2 Point for related co-investment vehicles) totals nearly $460 million.

Vensica Medical: Urology Therapeutics Company Raises $11 Million

By Amit Chowdhry ● Nov 4, 2024

Vensica Medical - a pioneering urology therapeutics company, announced the closing of an $11 million funding round. This funding was led by Israel Biotech Fund (IBF), along with key strategic partners Merz (a global player in neurotoxins) and Laborie (a prominent urology medical device company). This funding round will enable Vensica to continue its mission of providing a minimally invasive, simple, and effective solution for people with overactive bladder (OAB).

Urbint: $35 Million Strategic Growth Equity Raised To Mitigate Threats To Workers

By Amit Chowdhry ● Nov 4, 2024

Urbint, a leading AI platform for identifying and mitigating threats to workers, critical infrastructure, and communities, announced a $35 million strategic investment round led by S2G Ventures with participation from Energize Capital, Blue Bear Capital, National Grid Partners, Zoma Capital and Climate Investment, positioning Urbint to advance its resiliency and storm response solutions for utilities, as an already devastating hurricane season is not yet over.

LongPath Technologies: $162.4 Million DOE Loan Finalized

By Amit Chowdhry ● Nov 4, 2024

LongPath Technologies announced the finalization of a $162.4 million loan from the U.S. Department of Energy's Loan Programs Office (LPO). This funding will expedite the deployment of LongPath's nationwide methane emissions monitoring network, which will transform emissions monitoring across major U.S. oil and gas production regions, including California, Colorado, New Mexico, North Dakota, Oklahoma, Pennsylvania, Texas, Utah, and Wyoming.

Trivest: Growth Investment Fund III Closes With $730 Million Of Capital Commitments

By Amit Chowdhry ● Nov 4, 2024

Trivest Partners announced the closing of Trivest Growth Investment Fund III at $730 million of total capital commitments. TGIF III was oversubscribed primarily due to the strong support of Trivest’s current investor base and was largely completed in a single close, less than 60 days from the initial launch.

CredibleMind: Mental Wellbeing Company Raises $7.5 Million (Series A)

By Amit Chowdhry ● Nov 4, 2024

Mental wellbeing company CredibleMind announced it raised $7.5 million in Series A funding, led by Horizon Mutual Holdings - a key partner in advancing access to integrated and personalized mental health support for diverse populations. And with this funding, CredibleMind will continue its mission to dismantle barriers to effective mental health support and empower individuals to flourish through accessible, personalized mental wellbeing solutions.

Andium: Remote-Field Monitoring And Communications Company Raises $21.7 Million (Series B)

By Amit Chowdhry ● Nov 4, 2024

Andium - an expert in Industrial Internet of Things (IIoT) remote-field monitoring and communications technologies - announced a $21.7 million Series B funding close led by Aramco Ventures (the corporate venture arm of one of the world's largest integrated energy and chemicals companies). This round includes existing investors such as Climate Investment, Intrepid Financial Partners, and prominent individual investors, including former Citadel CIO Thomas Miglis. Following the company's $15 million Series A in 2021, this funding brings the company's total funding to over $40 million.

Neara: AI-Based Predictive Modeling Company Raises $31 Million (Series C)

By Amit Chowdhry ● Nov 4, 2024

Neara, an AI-based predictive modeling software platform for critical infrastructure, announced a $31 million Series C funding round. The funding round was anchored by a consortium led by EQT, with participation from Partners Group (one of the largest firms in the global private markets industry1) and Square Peg Capital (one of the company's earliest investors), with additional support from existing investors Skip Capital and Prosus Ventures.

AvenCell: Clinical-Stage Cell Therapy Company Raises $112 Million (Series B)

By Amit Chowdhry ● Nov 4, 2024

AvenCell Therapeutics - a leading clinical-stage cell therapy company focused on advancing both autologous and allogeneic switchable CAR-T cell therapies - announced that it has raised $112 million in Series B funding. Global life sciences investor Novo Holdings led the funding.

mPATH Health: $3 Million Raised To Improve Cancer Screening

By Amit Chowdhry ● Nov 4, 2024

mPATH Health, a digital health company dedicated to improving cancer screening, announced the closing of $3 million in funding. This funding will accelerate the company's mission to enhance cancer prevention and improve health equity. This funding round includes a $2 million Small Business Technology Grant from the National Cancer Institute (NCI) and a $1 million equity investment led by Oncology Ventures, an oncology-focused venture capital firm.

Top Down Ventures: First Closing Of $25 Million Founders Fund I

By Amit Chowdhry ● Nov 4, 2024

Top Down Ventures, a venture capital firm founded by industry visionary Chris Day, announced the first closing of its $25 million Founders Fund, designed for fueling early-stage SaaS companies within the Managed Service Provider (MSP) sector.

Conflux Technology: Heat Transfer & Additive Manufacturing Company Raises $11 Million (Series B)

By Amit Chowdhry ● Nov 4, 2024

Conflux Technology, a leading heat transfer and additive manufacturing (AM) company, announced a $11 million Series B funding round to further technology development and increase customer support worldwide. Breakthrough Victoria led the round, which was also participated in by AM Ventures and Acorn Capital.

Mubadala Capital: Private Equity Fund IV Closed With $3.1 Billion In Commitments

By Amit Chowdhry ● Nov 4, 2024

Mubadala Capital - a wholly owned alternative asset management subsidiary of Mubadala Investment Company - announced the closing of its fourth private equity fund MIC Capital Partners IV, securing total commitments of $3.1 billion. This surpasses its initial target size of $2 billion.

KdT Ventures: Fund IV Closed At Over $100 Million

By Amit Chowdhry ● Nov 4, 2024

KdT Ventures announced the closing of its oversubscribed fourth fund (Fund IV), raising over $100 million to support early-stage, science-driven companies. And Fund IV is the firm’s largest fund to date, and follows KdT’s previous $80 million Fund III which was announced in 2022. The firm’s total assets under management now exceed $250 million.

Infinity Ventures: $184 Million Fund II Closed To Scale Fintech Companies

By Amit Chowdhry ● Nov 4, 2024

Infinity Ventures, an early-stage venture firm investing in companies enabling the future of fintech and commerce, announced that it had raised $184 million for Fund II. And the firm was co-founded in 2021 by former PayPal executives Jeremy Jonker, Jay Ganatra and Mario Ruiz. Infinity Ventures offers a deep sector focus highlighted by extensive operating experience and senior relationships across the fintech and commerce ecosystems.

Vinted: Second-Hand Fashion-Focused Marketplace Company Raises Funding At €5 Billion Valuation

By Amit Chowdhry ● Nov 3, 2024

Vinted, a Europe-based leading second-hand C2C marketplace focused on fashion, announced it has closed a secondary share sale of €340 million at a valuation of €5 billion. Other major investment funds including Hedosophia, Baillie Gifford, Invus Opportunities, FJ Labs, Manhattan Venture Partners, and Moore Strategic Ventures also participated. And all of Vinted's existing institutional investors remain invested in the company.

Oxla: Distributed Analytical Database Company Closes $11 Million (Seed)

By Amit Chowdhry ● Nov 3, 2024

Oxla - a high-performance distributed analytical database designed from the ground up for large-scale data processing - announced it raised $11 million in seed funding. And Oxla reinforced its status as a global company by completing its transition from a Polish domicile to US legal incorporation in Delaware, a strategic move aimed at strengthening its international presence and facilitating further growth.

Aignostics: $34 Million (Series B) Raised To Turn Complex Pathology Data Into Transformative Insights

By Amit Chowdhry ● Nov 3, 2024

Aignostics - a global AI company that turns complex multi-modal pathology data into transformative insights - announced that it has raised $34 million in Series B financing. This additional funding will be used for building new product offerings for biopharmaceutical clients, driving growth within the US and developing leading foundation models for pathology in collaboration with the Mayo Clinic. This oversubscribed funding round was led by ATHOS, with investments from Mayo Clinic and growth financing from HTGF, along with support from existing investors Wellington Partners, Boehringer Ingelheim Venture Fund, CARMA Fund, and VC Fonds Technologie managed by IBB Ventures.

Sierra: Conversational AI Company Raises $175 Million At $4.5 Billion Valuation

By Amit Chowdhry ● Nov 3, 2024

Sierra, a conversational AI company founded by former Salesforce co-CEO Bret Taylor, announced it raised $175 million in funding led by Greenoaks Capital. ICONIQ and Thrive Capital contributed to this new funding round. This funding round valued Sierra at $4.5 billion, more than quadrupling its $1 billion valuation in January.

NEPC: Hightower Acquires Majority Investment

By Amit Chowdhry ● Nov 3, 2024

Hightower announced it will acquire a majority interest in NEPC, a leading investment consultant and outsourced chief investment officer (OCIO). Combining under a common parent company will enable each organization - NEPC and Hightower Advisors (one of the country’s leading RIAs) - to expand their commitments to clients to deliver institutional-quality investment solutions and research-driven advice.

Primergy: $350 Million Closed For Ash Creek Solar Project

By Amit Chowdhry ● Nov 2, 2024

Primergy Solar - a leading developer, owner, and operator of utility-scale solar and energy storage projects - announced it closed commitments for $350 million in tax equity financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.

JPalmer Collective: Asset-Based Lending Company Raises $72 Million

By Amit Chowdhry ● Nov 2, 2024

JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth women-led and natural products companies, announced a series of deals raising $72 million in gross proceeds. And the capital consists of a strategic combination of financing, including a senior revolving credit facility provided by Texas Capital Bank, a mezzanine credit facility from a New York-based institutional alternative asset manager, and a common equity infusion.

Pip Care: Surgical Optimization Company Raises $5 Million (Series A)

By Amit Chowdhry ● Nov 2, 2024

Pip Care, a company that optimizes the surgical journey for care teams and patients, announced a Series A raise of $5 million in equity funding. The funding round was led by A1 Health Ventures, with participation from existing investor UPMC Enterprises.

HEN Nozzles: $8 Million (Seed) Raised To Transform Fire Suppression Technology

By Amit Chowdhry ● Nov 2, 2024

HEN Nozzles, a leader in firefighting innovation, announced it secured $8 million in seed funding to accelerate its fluidics technology. This seed round has been supported by several venture capital and strategic angel investors, including O'Neil Capital Partners, Cthulhu Ventures, Z21 Ventures, TiE Silicon Valley Angels, Sacramento Angels, and Shasta Angels.

King Energy: $10 Million Raised For Scaling Solar Solutions

By Amit Chowdhry ● Nov 2, 2024

King Energy, a provider of solar energy solutions for multi-tenant commercial properties, announced the closing of a $10 million funding round led by ArcTern Ventures, with $7 million and an additional $3 million from existing investors Blackhorn Ventures, Active Impact Investments, and Next Frontier Capital. This underscores the continued confidence in King Energy's mission and market leadership.

Bifrost AI: Generative 3D Data Platform Company Raises $8 Million (Series A)

By Amit Chowdhry ● Nov 2, 2024

Generative 3D data platform Bifrost AI announced it has raised $8 million in Series A funding. Carbide Ventures led this round, which also included Airbus Ventures, Peak XV's Surge (formerly Sequoia Capital India & SEA), Wavemaker Partners, MD One, and Techstars.