Venture Capital

Zeto: $31 Million (Series B) Raised For Transforming EEG Brain Monitoring

By Amit Chowdhry ● Jan 10, 2025

Zeto - a rapidly growing medical technology company transforming EEG diagnostics with its cutting-edge devices and AI-driven cloud platform, has announced the closing of a $31 million funding round.

Aspect Biosystems: $115 Million (Series B) Secured To Develop Bioprinted Tissue Therapeutics

By Amit Chowdhry ● Jan 10, 2025

Aspect Biosystems - a biotechnology company advancing the development of bioprinted tissue therapeutics as a new category in regenerative medicine - announced that it has closed a $115 million Series B funding round. This funding round was led by Dimension, a multistage investment firm dedicated to the interface of technology and the life sciences, with participation from existing and new investors, including Novo Nordisk, Radical Ventures, an undisclosed leading global investment firm, InBC, Pallasite Ventures, Pangaea Ventures, Rhino Ventures, and T1D Fund: A Breakthrough T1D Venture.

Onkos Surgical: $35 Million Venture Loan Facility Raised From Horizon Technology

By Amit Chowdhry ● Jan 10, 2025

Horizon Technology Finance Corporation (an affiliate of Monroe Capital and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries) announced it has provided a $35 million venture loan facility to Onkos Surgical, of which $30 million has been initially funded.

Nema Health: $14.5 Million (Series A) Raised For Expanding Virtual PTSD Treatment Model

By Amit Chowdhry ● Jan 10, 2025

Nema Health, a leading solution for virtual trauma and PTSD care, announced a $14.5 million Series A funding round led by Deerfield Management alongside new participant CVS Health Ventures (CVS Health's venture capital arm). And Nema's existing investors Optum Ventures, .406 Ventures, and GreyMatter also participated,

Gridware: Power Grid Monitoring Solution Provider Raises $26.4 Million (Series A)

By Amit Chowdhry ● Jan 10, 2025

Gridware - a continuous power grid monitoring solution provider - announced a Series A funding round of $26.4 million led by Sequoia Capital. The funding will enable Gridware to scale further production of Gridscope devices and the Gridware monitoring and analytics service, which provides continuous power grid monitoring 24 hours per day to help utilities prepare for and respond to a growing number of risks.

Hydrostor: Conditional Commitment For Up To $1.76 Billion Loan Guarantee From U.S. Department of Energy

By Amit Chowdhry ● Jan 10, 2025

Hydrostor, a long-duration energy storage developer and operator, announced it has reached a conditional commitment for a loan guarantee of up to $1.76 billion with the U.S. Department of Energy’s (DOE) Clean Energy Financing Program (including about $1.5 billion of principal and approximately $280 million of capitalized interest). After finalized, the loan guarantee will help to fund the Willow Rock Energy Storage Center, a 500 MW advanced compressed air energy storage (A-CAES) project to be built in Rosamond, California, that will provide more than eight hours of backup power to California’s grid.

Signiant Raises Majority Growth Investment From Battery Ventures

By Amit Chowdhry ● Jan 10, 2025

Signiant, a leading provider of secure file transfer software for the media and entertainment industry, announced a majority growth investment from Battery Ventures. The terms of the deal were undisclosed.

Verdiva Bio: Cardiometabolic Company Raises Over $410 Million (Series A)

By Amit Chowdhry ● Jan 10, 2025

Verdiva Bio announced its launch as a clinical-stage biopharmaceutical company focused on developing innovative therapies for obesity and other cardiometabolic disorders. And the company is advancing a portfolio of next-generation oral and injectable treatments with first-in-class or best-in-class potential. And Verdiva has launched with an oversubscribed Series A funding of $411 million, co-led by Forbion and General Atlantic, with additional participation from RA Capital Management, OrbiMed, Logos Capital, Lilly Asia Ventures, and LYFE Capital.

Oxford Cancer Analytics: $11 Million (Series A) Secured For Transforming Early Lung Cancer Detection And Enabling Curative Treatments

By Amit Chowdhry ● Jan 10, 2025

Oxford Cancer Analytics - a medical technology company developing blood tests for early cancer detection using advanced proteomics and AI - announced it has raised $11 million in Series A funding from global investors, such as in-field institutional investors in disease detection and diagnostics.

Earth First Food Ventures: Interview With Co-Founder & CEO Brian Ruszczyk About The ESG/Impact Focused Investment Firm

By Amit Chowdhry ● Jan 10, 2025

Earth First Food Ventures (EFFV) is a venture capital platform offering ESG/impact investing in innovative food technologies, mostly in the precision fermentation space, focusing on alternative dairy from precision fermentation. Pulse 2.0 interviewed Earth First Food Ventures co-founder and CEO Brian Ruszczyk to learn more.

Geneoscopy: $105 Million (Series C) Raised For Developing Advanced Gastrointestinal Diagnostic Tests

By Amit Chowdhry ● Jan 10, 2025

Geneoscopy - a life sciences company focused on developing diagnostic tests for advancing gastrointestinal health - announced the closing of a Series C funding round raising $105 million. Bio-Rad Laboratories led the financing and was joined by Petrichor, Labcorp, Morningside Ventures, Lightchain Capital, NT Investments, Granger Management and Mercy Health, Tri Locum Partners, and others.

Frontier Direct Care: Employer-Funded Healthcare Leader Closes $20 Million (Series B)

By Amit Chowdhry ● Jan 10, 2025

Frontier Direct Care, a leading innovator in employer-funded healthcare, announced the initial closing of its $20 million Series B funding round, led by Mehshah Capital. This funding will accelerate the company's mission to transform healthcare by delivering affordable and high-quality care to employees and their families.

Scrum Ventures Closes New Tech Fund At $68 Million

By Amit Chowdhry ● Jan 10, 2025

Scrum Ventures, an early-stage venture capital firm, announced the closing of its first vertically focused tech fund Scrum Sports & Entertainment Fund I (SSE). This new fund, which closed at $68 million, invests in technology companies that support the growth of the sports and entertainment sector but also transcend the vertical and address market inefficiencies in other industries.

Relief Cardiovascular: $12 Million (Series A) Raised To Develop Transcatheter Implants

By Amit Chowdhry ● Jan 10, 2025

Relief Cardiovascular, an inQB8 Medical Technologies portfolio company pioneering innovative solutions for the management of heart failure, announced the closing of a $12 million Series A funding round. This funding round was co-led by Broadview Ventures and Advent Life Sciences, with participation from Pacific Health Investment, Heartwork Capital, and an undisclosed multinational strategy.

Expansion Capital Group: $100 Million Credit Facility Secured For Accelerating Growth

By Amit Chowdhry ● Jan 10, 2025

Expansion Capital Group (ECG), a provider of working capital solutions for small businesses, announced the closing of a $100 million credit facility. And this achievement reinforces ECG’s dedication to empowering small businesses nationwide by delivering fast and dependable access to capital.

FTV: $4.05 Billion In Capital Commitments Raised

By Amit Chowdhry ● Jan 10, 2025

Growth equity investment firm FTV Capital announced the completion of its latest growth equity fundraising with $4.05 billion in capital commitments. And spanning two complementary funds – its eighth flagship fund (FTV VIII) and a new vehicle dedicated to smaller investments FTV Ascend I, the new funding enables FTV to expand its approach to supporting high-growth companies with equity checks ranging from $20 million to $300 million while maintaining a concentrated portfolio of investments in its funds.

Qualified Health: $30 Million (Seed) Raised For Developing GenAI Infrastructure In Healthcare

By Amit Chowdhry ● Jan 10, 2025

Qualified Health announced its launch with $30 million in seed funding to develop the infrastructure for generative AI in healthcare. The major investors are SignalFire, Healthier Capital, Town Hall Ventures, and Frist Cressey Ventures, with participation from Intermountain Ventures, Flare Capital Partners, and prominent healthcare and technology sector angels.

Flint Capital: Interview With Partner Andrew Gershfeld About The Early-Stage Investment Firm

By Amit Chowdhry ● Jan 10, 2025

Flint Capital is an early-stage venture capital fund that has invested in companies like Flo Health, Bluebricks, Sensi.AI, BlinqIO, Oneday, WalkMe, and Lending Club. Pulse 2.0 interviewed Flint Capital partner Andrew Gershfeld to learn more about the firm.

XOCEAN: Ocean Data Provider Company Raises €115 Million

By Amit Chowdhry ● Jan 10, 2025

XOCEAN, an ocean data provider to the offshore energy and civil hydrography sectors, announced it closed a €115 million fundraise that will help support its ongoing growth across the company's expanding global footprint. The company partnered with S2G Ventures (S2G) to structure the round, which was funded by S2G, Climate Investment (CI), Morgan Stanley's 1GT fund, and an affiliate of the Crown Family's CC Industries (CCI) - collectively known as the investor consortium.

Rena Labs: Autonomous And Verifiable AI Solutions Company Raises $3.3 Million

By Amit Chowdhry ● Jan 10, 2025

Rena Labs, a company aiming to enable the next generation of autonomous and verifiable AI solutions, announced closing a $3.3 million pre-seed funding round led by Paper Ventures. And the company attracted investment from several venture capital firms, including Lightspeed Faction, Eterna Capital, Lyrik Ventures, Mapleblock Capital, Selini Capital, Keyrock, and others.

Grove: $4.9 Million (Seed) Raised For Transforming Clinical Trials

By Amit Chowdhry ● Jan 9, 2025

Grove AI, a next-generation clinical trial management and intelligence company, announced a $4.9 million seed fundraise led by A*, with participation from Afore Capital, LifeX Ventures, Pear VC, Upfront Ventures, and industry-leading angels. The company’s additional investors include angel backers with deep sector expertise, such as Ajit Baid (former Head of Global Asset at UCB), Chloe Yoo (Director at ICON), Phuc Truong (co-founder of CRIO), Till Pieper (former Google Cloud AI lead), and others.

Cemex Raises Funding To Deploy Lower-Emission Vehicles

By Amit Chowdhry ● Jan 9, 2025

Cemex announced its participation in multiple government-sponsored sustainability initiatives and secured funding from state and federal programs to deploy several lower-emission vehicles across its U.S. footprint. This investment is crucial in the company's ongoing efforts to decarbonize its operations.

Ault & Company Acquiring Increased Majority Stake In Hyperscale Data

By Amit Chowdhry ● Jan 9, 2025

Ault & Company announced that it had increased its controlling stake in Hyperscale Data, a diversified holding company transitioning to becoming solely an owner and operator of data centers to support high-performance computing services.

Micron Biomedical: $43 Million In Total Grant Support Raised To Improve Coverage Of Measles And Rubella Vaccine

By Amit Chowdhry ● Jan 9, 2025

Micron Biomedical, a life science company developing the world’s first needle-free technology for drugs and vaccines based on dissolvable microarrays, announced the company secured a $7.5 million grant from the Bill & Melinda Gates Foundation that brings total grant funding from the organization to $43 million.

Innovaccer: Healthcare AI Company Raises $275 Million (Series F)

By Amit Chowdhry ● Jan 9, 2025

Innovaccer - a leading healthcare AI company - announced a $275 million Series F funding round. This round was a combination of primary and secondary and included participation from B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, and M12.

Hippocratic AI: Healthcare LLM Company Raises $114 Million (Series B) At $1.64 Billion Valuation

By Amit Chowdhry ● Jan 9, 2025

Hippocratic AI (see Pulse 2.0 profile here), the company that pioneered the first healthcare LLM for patient-facing non-diagnostic clinical tasks, announced that the company completed its series B financing round only nine months after its series A. The series B raised $141 million, valuing the company at $1.64 billion. The funding round was led by Kleiner Perkins. They were joined by existing investors: A16z, General Catalyst, Premji, NVIDIA, SV Angel, Universal Health Services (UHS), and WellSpan Health, which all participated at or above pro-rata.

Evergreen Nephrology: Kidney Care Company Raises $130 Million

By Amit Chowdhry ● Jan 9, 2025

Evergreen Nephrology, a leader in value-based kidney care, announced it has raised $130 million in capital to expand its care model to more patients living with kidney disease. This funding was led by Rubicon Founders, Oak HC/FT and a group of existing investors, with the addition of K2 HealthVentures.

DDN: AI And Data Intelligence Solutions Company Raises $300 Million At $5 Billion Valuation

By Amit Chowdhry ● Jan 9, 2025

DDN, a leader in AI and data intelligence solutions, announced it has received a $300 million investment from funds managed by Blackstone Tactical Opportunities at a $5 billion valuation. This investment will help fund DDN’s continued rapid growth as it serves its customers’ fast-expanding AI and high-performance computing (HPC) software and infrastructure needs.

OnPay: Benefits Solution Company Raises Over $100 Million

By Amit Chowdhry ● Jan 9, 2025

OnPay, a leading provider of payroll, HR, and benefits solutions, announced that it has secured over $100 million in funding. This funding consists of a $63 million Series B funding round led by Carrick Capital Partners, with participation from AB Private Credit Investors, the middle market private capital platform of AllianceBernstein, and existing investors, and a debt facility provided by MC Credit Partners.

Citrin Cooperman To Raise Investment From Blackstone

By Amit Chowdhry ● Jan 9, 2025

Citrin Cooperman Advisors - a premier tax, advisory, and accounting provider for private middle-market businesses and high-net-worth individuals - announced a definitive agreement for a significant investment from private equity funds managed by Blackstone. Blackstone is acquiring its stake in the firm from New Mountain Capital as part of the transaction.

Venture Capital

Zeto: $31 Million (Series B) Raised For Transforming EEG Brain Monitoring

Aspect Biosystems: $115 Million (Series B) Secured To Develop Bioprinted Tissue Therapeutics

Onkos Surgical: $35 Million Venture Loan Facility Raised From Horizon Technology

Nema Health: $14.5 Million (Series A) Raised For Expanding Virtual PTSD Treatment Model

Gridware: Power Grid Monitoring Solution Provider Raises $26.4 Million (Series A)

Hydrostor: Conditional Commitment For Up To $1.76 Billion Loan Guarantee From U.S. Department of Energy￼

Signiant Raises Majority Growth Investment From Battery Ventures

Verdiva Bio: Cardiometabolic Company Raises Over $410 Million (Series A)

Oxford Cancer Analytics: $11 Million (Series A) Secured For Transforming Early Lung Cancer Detection And Enabling Curative Treatments

Earth First Food Ventures: Interview With Co-Founder & CEO Brian Ruszczyk About The ESG/Impact Focused Investment Firm

Geneoscopy: $105 Million (Series C) Raised For Developing Advanced Gastrointestinal Diagnostic Tests

Frontier Direct Care: Employer-Funded Healthcare Leader Closes $20 Million (Series B)

Scrum Ventures Closes New Tech Fund At $68 Million

Relief Cardiovascular: $12 Million (Series A) Raised To Develop Transcatheter Implants

Expansion Capital Group: $100 Million Credit Facility Secured For Accelerating Growth

FTV: $4.05 Billion In Capital Commitments Raised

Qualified Health: $30 Million (Seed) Raised For Developing GenAI Infrastructure In Healthcare

Flint Capital: Interview With Partner Andrew Gershfeld About The Early-Stage Investment Firm

XOCEAN: Ocean Data Provider Company Raises €115 Million

Rena Labs: Autonomous And Verifiable AI Solutions Company Raises $3.3 Million

Grove: $4.9 Million (Seed) Raised For Transforming Clinical Trials

Cemex Raises Funding To Deploy Lower-Emission Vehicles

Ault & Company Acquiring Increased Majority Stake In Hyperscale Data

Micron Biomedical: $43 Million In Total Grant Support Raised To Improve Coverage Of Measles And Rubella Vaccine

Innovaccer: Healthcare AI Company Raises $275 Million (Series F)

Hippocratic AI: Healthcare LLM Company Raises $114 Million (Series B) At $1.64 Billion Valuation

Evergreen Nephrology: Kidney Care Company Raises $130 Million

DDN: AI And Data Intelligence Solutions Company Raises $300 Million At $5 Billion Valuation

OnPay: Benefits Solution Company Raises Over $100 Million

Citrin Cooperman To Raise Investment From Blackstone

Hydrostor: Conditional Commitment For Up To $1.76 Billion Loan Guarantee From U.S. Department of Energy