Venture Capital

Michigan Potash Secures $1.26 Billion Conditional Commitment For Loan Guarantee From U.S. DOE

By Amit Chowdhry ● Jan 20, 2025

The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for a loan guarantee of up to $1.26 billion for the Michigan Potash & Salt Company to finance the construction of its project in Osceola County that is expected to create 1,400 full-time equivalent (FTE) construction jobs utilizing union labor and 200 ongoing and full-time employment to produce the mineral resource for 150+ years.

Convergent Energy And Power: $584.5 Million Guaranteed Loan From The U.S. DOE Closed

By Amit Chowdhry ● Jan 20, 2025

Convergent Energy and Power, a leading provider of energy storage solutions in North America, announced the closing of its $584.5 million guaranteed loan facility from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) to build a solar photovoltaic (PV) system with an integrated battery storage system and three stand-alone battery storage systems across Puerto Rico.

Men In Blazers Media Network: $15 Million (Series A) Raised For Expanding Soccer Coverage

By Amit Chowdhry ● Jan 20, 2025

Men in Blazers Media Network, a voice in U.S. soccer media, announced the closing of a $15 million Series A fundraising round. The round is led by Avenue Sports Fund, headed by Marc Lasry, Co-Founder and CEO of Avenue Capital Group (includes athletes like Stephen Curry, Lauren Holiday, Harry Kane, Candace Parker, Michael Strahan, and Lindsey Vonn). Additional investors include Bolt Ventures, led by David Blitzer; RR McReynolds (a firm co-founded by Ryan Reynolds and Rob McElhenney); The Chernin Group (founded by Peter Chernin); Ryan Sports Ventures (the sports investment arm of the Chicago-based Ryan family) and Wheelhouse (entertainment business founded by Brent Montgomery).

Skor Technologies: Indonesia-Based Personal Finance Company Raises $6.2 Million (Pre-Series A)

By Amit Chowdhry ● Jan 20, 2025

Skor Technologies, the parent company of Indonesia-focused Skorlife and the new Scorecard credit card announced it had raised $6.2 million in its latest Pre-A round. Argor Capital, a Southeast Asia-focused VC, led the round. Its previous investors, QED Investors and Saison Capital, and new investor, the Digital Currency Group, also participated in the round, bringing the total capital raised to more than $12 million for the fintech company.

Orchid: Identity-First Security Orchestration Company Raises $36 Million (Seed)

By Amit Chowdhry ● Jan 20, 2025

Orchid Security, an emerging leader in identity-first security orchestration, announced it has raised $36 million in seed funding. Co-led by Team8 and Intel Capital, with the support of CapitalOne and industry leaders, including Jeff Williams, Dror Davidoff, and Zohar Alon.

Applied Digital: Up To $5 Billion Investment Raised From Macquarie Asset Management

By Amit Chowdhry ● Jan 20, 2025

Applied Digital - a designer, builder, and operator of next-generation digital infrastructure for HPC applications - entered into a $5 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by MAM, for its HPC business conducted through APLD HPC Holdings (APLDH), a subsidiary of Applied Digital.

CIVIE: Strategic Investment Raised From WindRose Health

By Amit Chowdhry ● Jan 20, 2025

WindRose Health Investors, a New York-based healthcare private equity firm, announced it has completed a strategic investment in CIVIE, an AI-based ecosystem of radiology solutions. The company's proprietary technology platform and AI solutions are built to help radiology practices and hospital systems optimize revenue, enhance productivity, streamline operations, and improve patient outcomes. The terms of the transaction were not disclosed.

LemFi: $53 Million (Series B) Raised To Transform How Immigrants Access Financial Services

By Amit Chowdhry ● Jan 20, 2025

LemFi, a platform transforming how immigrant communities access financial services, has raised $53 million in Series B funding led by Highland Europe with participation from previous investors Left Lane Capital, Palm Drive Capital, and Y-Combinator. The new funding round brings LemFi’s total capital to $85 million.

DESRI Raises Minority Investment From Macquarie Asset Management

By Amit Chowdhry ● Jan 20, 2025

Macquarie Asset Management (MAM), D. E. Shaw Renewable Investments (DESRI), and the D. E. Shaw group announced that MAM has completed a previously announced significant minority investment in DESRI via several MAM-managed funds. And DESRI is a leading renewable energy company that develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the United States. The investment will enable DESRI to continue its growth.

AlphaGen Raises $500 Million From ADIA

By Amit Chowdhry ● Jan 20, 2025

ArcLight Capital Partners announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) has agreed to make a $500 million minority investment in AlphaGen, a power infrastructure portfolio owned by affiliates of ArcLight-managed funds.

Shippeo: Multimodal Transportation Visibility Company Raises $30 Million

By Amit Chowdhry ● Jan 20, 2025

Shippeo, a leader in real-time multimodal transportation visibility, announced a $30 million strategic funding round led by Woven Capital, Toyota’s growth fund, with participation from existing investors: Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good, and Yamaha Motor Ventures. This new funding round will support Shippeo’s accelerated expansion across North America and APAC while driving enhancements to its Real-Time Transportation Visibility Platform. With this funding round, Shippeo’s total funding exceeds $140 million.

Union Healthcare Insight: Strategic Investment Raised From New Mountain

By Amit Chowdhry ● Jan 20, 2025

Union Healthcare Insight, a healthcare research and insights platform, announced a strategic investment from affiliates of New Mountain Capital, a leading growth-oriented investment firm with approximately $55 billion in assets under management. And New Mountain, along with healthcare executive Robert Musslewhite, will support Union across the next phase of growth for the company by providing an investment that will significantly expand the scope of Union’s research and product capabilities.

Vertical Compute: €20 Million (Seed) Secured To Build Integrated Memory And Computing Technology

By Amit Chowdhry ● Jan 20, 2025

Vertical Compute, a company founded by CEO Sylvain Dubois (ex-Google) and CTO Sebastien Couet (ex-imec), announced that it successfully closed a seed investment round of €20 million. The funding round was led by imec.xpand and supported by a strong investor base, including Eurazeo, XAnge, Vector Gestion and imec. And this funding will support Vertical Compute’s goals of developing a novel vertical integrated memory and compute technology, unlocking a new generation of AI applications.

Sygnum: Digital Asset Banking Company Raises $58 Million At Over $1 Billion Valuation

By Amit Chowdhry ● Jan 20, 2025

Sygnum announced it has raised a total of $58 million in its oversubscribed strategic growth round, giving it a post-money valuation of over $1 billion. Final close cornerstone investor Fulgur Ventures (a Bitcoin-focused venture capital firm) was joined by new and existing strategic and financial investors and Sygnum team members. The co-founders, board, and team members continue to hold Sygnum's majority ownership.

Instabase: $100 Million (Series D) Raised For Unstructured Data Management Solution Platform

By Amit Chowdhry ● Jan 18, 2025

Instabase, a leading applied AI solution for unstructured data, announced its $100 Million Series D. This funding round was led by QIA, with participation from existing investors Greylock Partners, NEA, Andreessen Horowitz, and Index Ventures.

Leap: Physical Retail Platform Company Raises $20 Million

By Amit Chowdhry ● Jan 18, 2025

Leap, a leading platform for physical retail, announced a $20 million funding round. Tribeca Venture Partners and DNX Ventures and existing investors joined the funding round.

BforeAI: $10 Million (Series B) Raised For Advancing Attack Intelligence Platform

By Amit Chowdhry ● Jan 18, 2025

BforeAI, an accurate predictive attack intelligence and digital risk protection solution, announced it has closed an oversubscribed $10 million Series B round of funding led by Titanium Ventures. Existing investors SYN Ventures, Karista, and Addendum Capital participated in this round to maintain their ownership stakes.

XtremeX Mining: $11 Million (Series A) Raised By Drilling Solutions Company

By Amit Chowdhry ● Jan 18, 2025

XtremeX Mining Technology (XMT), a leader in innovative drilling solutions, announced an AC-electric automated coiled tubing and electric top-drive diamond core drilling rig. And the company revealed it raised $11 million in Series A funding led by GoGreen Partners.

RocketPhone: $10.5 Million Secured For Commercializing AI-Native Conversation Platform

By Amit Chowdhry ● Jan 18, 2025

Leading conversation processing company RocketPhone.ai announced it raised $10.5 million in funds. RocketPhone.ai’s AI-based platform helps businesses serve customers faster, identify and secure more sales leads and achieve greater agent satisfaction. This latest investment will contribute to its platform's ongoing development, making business velocity 10 times more effective.

Tethis: €15 Million Raised For Developing Diagnostic Methods In Oncology With Liquid Biopsy

By Amit Chowdhry ● Jan 18, 2025

Enea TECH and Biomedical Foundation announced a €15 million investment in Tethis S.p.A., a Milan-based company at the forefront of cancer diagnostics. This new round follows previous investments from Genextra and Indaco Venture Partners.

CareGenix Raises Growth Funding From Decathlon Capital Partners

By Amit Chowdhry ● Jan 18, 2025

CareGenix Solutions - a provider of virtual healthcare services like remote patient monitoring chronic care management and behavioral health integration services - announced it has secured a multi-million dollar growth funding package from Decathlon Capital Partners.

Overland AI: $32 Million (Series A) Raised To Power Ground Ops For Modern Defenses

By Amit Chowdhry ● Jan 18, 2025

Overland AI, a company developing advanced autonomy for uncrewed ground vehicles (UGVs), announced a $32 million Series A funding round to accelerate the adoption of its ground capabilities for defense and national security. This funding round was led by 8VC, with participation from Point72 Ventures, Overmatch Ventures, Shasta Ventures, Ascend, Osage University Partners, and Caprock.

Quantifind: $22 Million Secured For AI-Based Financial Crime Intelligence Platform

By Amit Chowdhry ● Jan 18, 2025

Quantifind, a leader in AI-based financial crime intelligence, announced raising $22 million in funding from Deloitte Ventures and Stephens Group and existing investors, Citi Ventures, S&P Global, DNS Capital, and USVP, after growing by 200% last year.

Platform Partners: $180 Million Of Follow-On Equity Capital Commitments Raised

By Amit Chowdhry ● Jan 17, 2025

Platform Partners, a private investment company founded in 2006, announced it closed on $180 million of follow-on equity capital commitments to its perpetual investment vehicle, Platform Partners Investment Company. And Platform exceeded its original target with commitments from both existing and a select group of new shareholders, bringing total assets under management to approximately $800 million.

Bioptimus: $76 Million In Total Funding Raised By AI Foundation Company

By Amit Chowdhry ● Jan 17, 2025

Bioptimus, an AI foundation model company, announced that it has reached a significant funding milestone of $76 million. This total funding includes a $41 million cash injection, led by Cathay Innovation with participation from prominent investors, including Sofinnova Partners, Bpifrance through its Large Venture Fund, Andera Partners, Hitachi Ventures, Boom Capital Ventures, Pomifer Capital, Sunrise, and angel entrepreneurs Emmanuel Cassimatis and Thomas Wolf.

Workwize: $13 Million (Series A) Raised To Transform IT Asset Management

By Amit Chowdhry ● Jan 17, 2025

Workwize, a platform for global IT hardware asset management, announced that it closed $13 million in Series A funding led by Klass Capital, with continued support from early-stage investors Peak and Graduate Entrepreneur Fund. This funding will fast-track Workwize's integration of AI-based automation, making it the first platform to fully automate the IT equipment lifecycle—from procurement and deployment to retrieval and disposal.

Teal Health: $10 Million (Seed) Closed To Launch Wand For At-Home Cervical Cancer Screening

By Amit Chowdhry ● Jan 17, 2025

Teal Health, a women's health company with a goal of eliminating cervical cancer in the US, announced the closing of an additional $10 million in seed funding to support the upcoming launch of the Teal Wand, which is currently under FDA review and on track to be the US market's first FDA-approved at-home self-collect cervical cancer screening device. And this new funding round brings Teal Health's funding to $23 million to date as the company accelerates its product development and readies go-to-market plans.

Micron Biomedical: Series A Funding Extended To Over $33 Million

By Amit Chowdhry ● Jan 17, 2025

Micron Biomedical, a life science company that is developing the world’s first needle-free technology for drugs and vaccines that is based on dissolvable microarrays, today announced it secured over $16 million in a Series A3 financing round, bringing the Series A equity raise total to over $33 million. J2 Ventures and the Global Health Investment Corporation (GHIC) led the round which will expand commercial manufacturing of Micron’s technology.

Ashvattha: $50 Million (Series B Extension) Raised For Developing Nanomedicine Therapeutics

By Amit Chowdhry ● Jan 17, 2025

Ashvattha Therapeutics - a clinical-stage company advancing a new class of nanomedicine therapeutics that traverse tissue barriers to selectively target and reprogram activated cells in regions of inflammation - announced additional financing as an extension of its Series B of up to $50 million led by Tribe Capital with existing investors led by Natural Capital. This funding will enable Ashvattha to complete the ongoing Phase 2 ophthalmology trial and Phase 1/2 neuroinflammation trial.

Apollo Commercial Real Estate Finance: $1.9 Billion In Loan Originations For 2024

By Amit Chowdhry ● Jan 17, 2025

Apollo Commercial Real Estate Finance announced the company originated $782 million of loans in the fourth quarter of 2024, bringing annual loan originations to $1.9 billion.