Venture Capital

Anjuna: Universal Confidential Computing Platform Company Raises $25 Million (Series B2)

By Amit Chowdhry ● Aug 15, 2024

Anjuna - which is the creator of Anjuna Seaglass (a Universal Confidential Computing Platform) announced that it has closed a $25 million Series B2 financing round to propel and expand its AI-enabling enterprise offerings. The round was led by M Ventures, the corporate VC of Merck KGaA, Darmstadt, Germany, SineWave Ventures, and AI Capital Partners (Alpha Intelligence Capital’s U.S.-based fund), with participation from existing investors Founder Collective, Insight Partners, Playground Global, and Uncorrelated.

Riverlane: Quantum Error Correction Company Secures $75 Million (Series C)

By Amit Chowdhry ● Aug 15, 2024

Riverlane, the global leader in quantum error correction technology, announced that it has raised $75 million in Series C funding to deliver its groundbreaking quantum error correction (QEC) roadmap. The funding will enable Riverlane to expand operations to meet surging global market demand for QEC technology, with the goal of achieving one million error-free quantum computer operations by 2026.

Red Queen Therapeutics: $55 Million (Series A) Closed To Develop Novel Antiviral Treatments

By Amit Chowdhry ● Aug 15, 2024

Apple Tree Partners (ATP) - a leader in life sciences venture capital - has unveiled Red Queen Therapeutics, a clinical-stage biotechnology company developing novel antiviral treatments for the general population and especially for immunocompromised patients who are at increased risk of severe illness or death from common and emerging viral pathogens. Red Queen operates with a $55 million Series A commitment from ATP. The company also has additional funding from the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services, specifically for the preclinical development of a pan-influenza therapeutic.

Cala Systems: Intelligent Heat Pump Water Heater Company Closes $5.6 Million (Seed)

By Amit Chowdhry ● Aug 15, 2024

Cala Systems, a creator of highly intelligent heat pump water heaters that ensure comfort, save energy, reduce emissions, and integrate with the home, today announced $5.6 million in seed funding and the commercial launch of its product. The funding round was led by the Massachusetts Clean Energy Center (MassCEC) and Clean Energy Venture Group. It included Burnt Island Ventures, Leap Forward Ventures, CapeVista Capital, Collaborative Fund, and Climate Capital.

Neon: Serverless Postgres Database Company Raises $25.6 Million Strategic Investment

By Amit Chowdhry ● Aug 15, 2024

Neon, a serverless Postgres database built for developers, announced a $25.6 million strategic investment led by M12, Microsoft’s Venture Fund. Existing investors Abstract Ventures, General Catalyst, Menlo Ventures, and Notable Capital participated in the follow-up investment. This investment brings Neon's total funding to $130.6 million since its founding in 2021.

Streamkap: Real-Time Data Streaming Provider Raises $3.3 Million

By Amit Chowdhry ● Aug 15, 2024

Streamkap, a real-time data streaming provider, announced it raised $3.3 million in seed and pre-seed funding for its low-cost and low-maintenance streaming ETL platform. The investors include InReach Ventures, TEN13, Haatch, and Begin Capital. The company has also attracted angel investors with positions at companies like Datadog, Anthropic, and ClickHouse.

WorkJam: $20 Million Investment Raised From EDC

By Amit Chowdhry ● Aug 15, 2024

WorkJam , a leading digital frontline workplace, announced it has received a $20 million investment from Export Development Canada (EDC) to expand its international operations. WorkJam will use the new funding to fuel its global marketing efforts in Europe and Asia.

IONETIX: Cyclotron Company Raises Funding Led By Tees River And Lilly

By Amit Chowdhry ● Aug 15, 2024

IONETIX, a leading cyclotron technology innovator and isotope manufacturer for diagnostic and therapeutic applications, announced a round of funding. The investors included Eli Lilly and Company and existing shareholders led by Tees River Limited.

SYSO: Renewable Energy And Battery Storage Company Secures $14.5 Million (Series B)

By Amit Chowdhry ● Aug 15, 2024

SYSO, a leading market operator of renewable energy and battery storage assets, announced the completion of its Series B funding round at $14.5 million.

Companion Protect: B2B2C Pet Insurance Company Raises $20.25 Million (Series A)

By Amit Chowdhry ● Aug 15, 2024

Companion Protect, a Kansas City-based pet health administration company, announced it has closed a $20.25 million extension round from Series A investors. This follows last year's $27 million Series A funding round from Avanta Ventures, Liberty Mutual Insurance, Old Republic International, and Stray Dog Enterprises.

MYAVANA: AI-Based Hair Care Company Secures $5.9 Million (Seed)

By Amit Chowdhry ● Aug 14, 2024

MYAVANA, the trailblazer in AI-driven personalized hair care, announced it has closed a $5.9 million seed round. This funding round validates MYAVANA's pivotal role in transforming the global hair care market.

ZOE: Science And Nutrition Company Raises $15 Million (Series B Extension)

By Amit Chowdhry ● Aug 14, 2024

Science and nutrition company ZOE announced new investment from US-based Coefficient Capital. The New York based investment firm is investing $15 million and is adding ZOE to its lineup of technology-enabled consumer brands that it believes have the power to drive transformational consumer shifts.

Endari: Cybersecurity Company Raises $4 Million (Seed)

By Amit Chowdhry ● Aug 14, 2024

Cybersecurity company Endari announced its official launch from stealth mode by Nils Puhlmann, who is a seasoned cybersecurity veteran with over 30 years of experience. And the company has also raised $4 million in seed funding.

Quinbrook Infrastructure Partners Raises Over $4.3 Billion To Invest In Energy Transition

By Amit Chowdhry ● Aug 14, 2024

Quinbrook Infrastructure Partners, a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition, announced it has held a final closing of the Net Zero Power Fund.

Outpace Bio: Cell Therapy Company Raises $144 Million (Series B)

By Amit Chowdhry ● Aug 14, 2024

Outpace Bio, a cell therapy company using unrivaled AI-powered protein design to program immune cells for improved function inside patients battling solid tumors, announced that it had raised $144 million in oversubscribed Series B financing. The Series B funding round brought the total capital raised by Outpace to approximately $200 million. It was led by RA Capital Management, with participation from new investors Qatar Investment Authority (QIA), Surveyor Capital (a Citadel company), Sheatree Capital, Black Opal Ventures, Alexandria Venture Investments, and other undisclosed investors. Outpace’s existing investors ARTIS Ventures, Playground Global, Bristol Myers Squibb, Abstract Ventures, Civilization Ventures, Mubadala Capital, Breton Capital Ventures, WRF Capital, and Sahsen Ventures, also joined in the round.