Venture Capital

CloudPay: Payroll Solutions Company Secures $120 Million

By Amit Chowdhry ● Aug 11, 2024

CloudPay, a leading independent provider of global payroll and payment solutions, announced the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. This funding strengthens CloudPay's capital base and provides flexibility for future growth opportunities.

Levitate: Relationship-Based Management Company Raises $15 Million (Series D)

By Amit Chowdhry ● Aug 11, 2024

Levitate - a SaaS 'Happiness Platform' for relationship-based businesses - announced the successful completion of its Series D funding round at $15 million. This funding round was led by Harbert Growth Partners, Northwestern Mutual Future Ventures and Bull City Venture Partners. And this funding round brings Levitate's total raised capital to $55 million.

IntelePeer: AI-Based Communications Automation Company Raises $140 Million (Strategic Growth)

By Amit Chowdhry ● Aug 9, 2024

IntelePeer (a leading AI-powered Communications Automation provider) announced the completion of $140 million in new growth funding and debt financing. This strategic growth investment was co-led by Savant Growth and VantagePoint Capital Partners with support from Savant limited partners including Coller Capital, Hollyport Capital, Manulife Investment Management and Achmea. Vector Capital (through its newly formed direct credit strategy Vector Velocity) led the debt financing.

Language I/O: $5 Million Raised In Round Led By Gutbrain Ventures

By Amit Chowdhry ● Aug 9, 2024

Language I/O - a leader in AI-powered and multilingual customer support technology - announced a $5 million funding round led by Gutbrain Ventures. This funding included participation from several new venture firms inspired by Language I/O’s unique platform.

Feeling Great: Mental Health App Company Raises $8 Million (Seed)

By Amit Chowdhry ● Aug 9, 2024

Dr. David D. Burns, a world-renowned psychiatrist and best-selling author of many self-help books like Ten Days to Self-Esteem, Feeling Good, and Feeling Great, announced a new tool in the fight against depression and anxiety - which is the Feeling Great app. This has the same name as its literary predecessor. The company, which includes co-founders Matt Pierce and Jeremy Karmel, also revealed $8 million in seed funding co-led by Learn Capital and TitleTownTech, with additional participation from Lux Ventures, WaveMaker Three-Sixty Health, Pacific Health Ventures, and Treble Capital.

Cents: $40 Million (Series B) Raised To Power The Way Garment Care SMBs Grow

By Amit Chowdhry ● Aug 9, 2024

Cents, the largest leading all-in-one business management platform powering the way garment care SMBs grow, manage, and understand their businesses, announced the closing of its $40 million Series B funding round.

Anduril: Defense Manufacturing Company Raises $1.5 Billion (Series F) At $14 Billion Valuation

By Amit Chowdhry ● Aug 8, 2024

Anduril Industries announced it has secured $1.5 billion of funding for its Series F round to hyperscale defense manufacturing. This funding round will enable Anduril to increase hiring, enhance processes, upgrade tooling, increase resiliency in its supply chain, and expand infrastructure. The funding round - which was co-led by Founders Fund and Sands Capital - values the company at $14 billion and includes new investors Fidelity Management & Research Company, Counterpoint Global, and Baillie Gifford, and significant commitments from existing investors including Altimeter and Franklin Venture Partners.

CastleVax: Mucosal Vaccine Platform Receives $34 Million Award

By Amit Chowdhry ● Aug 8, 2024

CastleVax, a clinical-stage mucosal vaccine platform company, announced it has received an additional Project NextGen award valued at approximately $34 million to support the continued development of its next-generation mucosal vaccine to protect against symptomatic COVID-19 infection.

Flo: Women’s Health Company Secures $200 Million (Series C)

By Amit Chowdhry ● Aug 8, 2024

Flo Health, the #1 downloaded women's health app worldwide, announced it has raised over $200 million in a Series C investment from General Atlantic, a leading global growth investor. This minority investment has increased Flo's valuation beyond $1 billion, making it the first purely digital consumer women's health app to achieve unicorn status.

Gigpro: Hospitality-Focused On-Demand Labor Marketplace Secures $16 Million (Series A)

By Amit Chowdhry ● Aug 8, 2024

Gigpro - a leading on-demand labor marketplace for the hospitality industry - announced that it has closed a $16 million Series A funding round led by Foundry, with participation from Stage 1 Ventures and existing investors Stage 2 Capital and Detroit Venture Partners. This is a significant step forward in Gigpro's mission to revolutionize the gig economy by connecting businesses with skilled independent professionals efficiently and seamlessly.

Nexio: Bitcoin Scaling Solution Company Closes $2.2 Million (Pre-Seed)

By Amit Chowdhry ● Aug 8, 2024

Nexio, a Bitcoin scaling solution leveraging parallelized rollup technology, announced today that it has raised $2.2 million in pre-seed funding from a diverse roster of prominent industry investors. This funding round was led by Lattice, with participation from HTX Ventures, Artichoke Capital, Morningstar Ventures, Sharding Capital, SNZ Holding, Sats Ventures, Wise3 Ventures, and other notable partners. The funding also involved angel investors, such as Paper Ventures' Danish Chaudhry, ex-BlackRock's Paul Taylor, ex-ParaFi Santiago R Santos, Comfy Capital, Movement Labs' Rushi Manche, Elixir Protocol's Tim Wang, Notifi's Paul Kim, and R89 Capital.

InventWood: $8 Million Raised And Tyler Huggins Named As CEO

By Amit Chowdhry ● Aug 8, 2024

InventWood, a company transforming undervalued wood into high-performance climate-resilient Superwood building products that are stronger and lighter than steel, announced today $8 million in new funding and the appointment of Tyler Huggins, Ph.D., as its new Chief Executive Officer. Joining existing investor Grantham Foundation are new investors, including Builders Vision, Echelon, and John Rockwell (four-time CEO of successful clean technology companies and partner in multiple private investment firms).

Rhombus: Cloud-Managed Physical Security Company Raises $45 Million (Series C)

By Amit Chowdhry ● Aug 8, 2024

Rhombus, a leader in cloud-managed physical security, announced $45 million in Series C funding led by NightDragon (a cybersecurity, safety, security, and privacy investment firm). Bluestone Equity Partners and existing investors Caden Capital, Cota Capital, Tru Arrow Partners, and Uncorrelated Ventures participated in the round, which brings the total funding raised to over $90 million.

Lineaje: Supply Chain Security Company Secures $20 Million (Series A)

By Amit Chowdhry ● Aug 8, 2024

Lineaje, a leader in continuous software supply chain security management, announced it raised $20 million in Series A funding led by Prosperity7 Ventures, Neotribe, and Hitachi Ventures, along with existing investor Tenable Ventures. This round also included participation from Carahsoft (the world’s largest software distributor serving the U.S. government) along with Wipro Ventures, Secure Octane Investments, J-Ventures and Alumni Ventures. And with additional contributions from executives at Zscaler, CrowdStrike, and Trellix, this investment brings Lineaje’s total funding to $27 million.

Perchwell: $25 Million (Series B) Raised To Empower Real Estate Agents

By Amit Chowdhry ● Aug 8, 2024

Perchwell, a modern data and workflow platform for residential real estate, announced its $25 million Series B financing. Lux Capital is leading the funding, which is joined by a group of strategic real estate and financial investors, including Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS).