Venture Capital

Cardea Raises $25 Million And Acquires Assets From Nobel

By Amit Chowdhry ● Aug 29, 2024

Cardea announced that it had acquired select technology and financial assets from Nobel Sustainability Capital Group (NSCG), a consortium of global investors led by Peter Nobel and Wu family members, and has rebranded as Fourcore Capital. In connection with the deal, NSCG has signed a binding agreement to contribute up to $25 million as an anchor investment in the company’s planned capital raise.

Tilt: Leave Management Solutions Company Secures $15 Million (Series B)

By Amit Chowdhry ● Aug 28, 2024

Tilt, a platform for leave management solutions, announced the completion of its $15 million Series B funding round. This funding round was led by Bramalea Partners, with additional participation from HearstLab and continued support from Firework Ventures, Origin Ventures, and Techstars.

Bandwidth Infrastructure Company euNetworks Closes On €2.1 Billion Equity

By Amit Chowdhry ● Aug 28, 2024

euNetworks Group Holdings, a Western European bandwidth infrastructure company, announced that it has closed on a €2.1 billion equity recapitalization. Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (IMCO) and APG Asset Management.

Navigator Medicines: Biotech Company Raises $100 Million (Series A)

By Amit Chowdhry ● Aug 28, 2024

Navigator Medicines, a privately held biotech company leading the advancement of biologics for targeted immune regulation and restoration, announced a $100 million Series A funding along with the in-licensing of NAV-240 and an OX40L-targeted portfolio from IMBiologics.

LS Power: Oversubscribed Fund V Closed At $2.7 Billion

By Amit Chowdhry ● Aug 28, 2024

LS Power Group, a leading development, investment, and operating company focused on the North American power and energy infrastructure sector, announced the closing of its latest fund, LS Power Equity Partners V, L.P.. Fund V had closed in July with total commitments of about $2.7 billion, exceeding its $2.5 billion target. Fund V will invest in power and energy infrastructure assets, platforms, and companies.

Fleet: Commuter Benefits Management Company Closes $2.5 Million (Seed)

By Amit Chowdhry ● Aug 28, 2024

Fleet, a modern commuter benefits management platform, announced the closing of its $2.5 million seed round led by Congruent Ventures with the participation of Great Oaks Venture Capital, Plug and Play Ventures, Rally Cap, and Virta Ventures. And Fleet also brought on a talented group of angels and advisors, including former execs at Robinhood and Brex, such as ex-COO Michael Tannenbaum.

Katara: AI-Agent Workflow Automation Company Secures $2.6 Million (Pre-Seed And Seed)

By Amit Chowdhry ● Aug 28, 2024

Katara, an AI-agent workflow automation platform, announced it raised $2.2 million in seed funding co-led by Diagram Ventures and Sparkle Ventures, with participation from StreamingFast and other strategic angels. This brings the total amount raised to $2.6 million, which is inclusive of the pre-seed round.

Planera: Construction Planning Company Raises $13.5 Million (Series A)

By Amit Chowdhry ● Aug 28, 2024

Planera, a construction CPM scheduling and planning solution, announced that it has raised $13.5 million in a Series A funding round led by Sierra Ventures, with participation from Sorenson Capital, Brick and Mortar Ventures, Prudence VC and Firebolt Ventures.

Supio: Law Firm Data Structuring Company Secures $25 Million (Series A)

By Amit Chowdhry ● Aug 28, 2024

Supio, a purpose-built AI platform trusted by personal injury and mass tort plaintiff law firms to offer crucial insights at the most essential moments in their case, emerged from stealth and announced an oversubscribed $25 million Series A led by Sapphire Ventures, with participation from existing investors Bonfire Ventures and Foothill Ventures. The new funding brings Supio’s total funding to $33 million.

ZBiotics: Genetically Engineered Probiotics Maker Secures $12 Million (Series A)

By Amit Chowdhry ● Aug 28, 2024

ZBiotics, a company that is carving a new category of genetically engineered probiotics, announced the closing of its $12 million Series A funding round, led by Spring Tide Capital. The oversubscribed round also includes participation by Access Capital, Seamless Capital, Goat Rodeo Capital, and Seaside Ventures.

Fresha: Beauty And Wellness Marketplace Company Raises $31 Million Raised

By Amit Chowdhry ● Aug 28, 2024

Fresha, a leading marketplace platform for beauty and wellness, announced it has secured a $31 million venture debt facility from J.P. Morgan. This funding round will accelerate Fresha's expansion into new markets and drive the growth of its machine-learning capabilities and AI-powered robotics, advancing its innovative all-in-one platform.

eXeX: $5.8 Million (Seed) Raised To Optimize Surgical Procedures

By Amit Chowdhry ● Aug 28, 2024

eXeX, a medical technology company utilizing AI and spatial computing to optimize surgical procedures, announced the closing of a $5.8 million seed round.