Venture Capital

INBRAIN Neuroelectronics: Brain-Computer Interface Therapeutics Company Secures $50 Million (Series B)

By Amit Chowdhry ● Oct 30, 2024

INBRAIN Neuroelectronics, a brain-computer interface therapeutics (BCI-Tx) company developing graphene-based neural technologies, announced the closing of a $50 million Series B funding round. The funding round was led by imec.xpand with new investors EIC Fund, Fond ICO Next Tech, CDTI-Innvierte and Avançsa. And existing investors Asabys Partners, Aliath Bioventures and Vsquared also participated, bringing the total amount raised since inception to $68 million.

Matia: Data Operations Platform Secures $10.5 Million

By Amit Chowdhry ● Oct 30, 2024

Matia, a unified data operations platform bringing ingestion, reverse ETL, observability, and catalog capabilities into one platform, announced it is emerging from stealth with $10.5 million funding led by Leaders Fund & Secret Chord Ventures. The round also includes participation from Cerca Partners & Caffeinated Capital.

Moniepoint: $110 Million Secured To Scale Digital Payments Solutions

By Amit Chowdhry ● Oct 30, 2024

Moniepoint, Africa’s fastest-growing fintech, announced it successfully raised $110 million in equity financing to power the dreams of millions of businesses and their customers across Africa and the diaspora.

Auquan: AI-Based Financial Services Company Raises $4.5 Million (Seed Addition)

By Amit Chowdhry ● Oct 30, 2024

Auquan, an AI-based innovator in financial services, announced a $4.5 million addition to its seed round, led by Peak XV with continued participation from Neotribe Ventures. This brings the total seed funding to $8 million.

EvoluteIQ: End-To-End Automation Company Raises $20 Million

By Amit Chowdhry ● Oct 30, 2024

EvoluteIQ announced an investment of $20 million in equity and debt led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select, and PH ventures. This funding round will support EvoluteIQ’s plan to enhance its AI automation platform and expand operations globally.

Revyse: Vendor Management Company Raises $1 Million (Seed)

By Amit Chowdhry ● Oct 30, 2024

Revyse, vendor management software built for the multifamily industry, announced the closing of a $1 million seed investment from leading real estate technology venture capital firm RET Ventures. This latest funding round follows the company’s recent $1 million raise in May.

DataCrunch: AI Computing Infrastructure Company Raises $13 Million (Seed)

By Amit Chowdhry ● Oct 29, 2024

DataCrunch, a European provider of AI computing infrastructure, announced it raised a $13 million seed funding round led by byFounders. This funding round will be used to scale infrastructure as the company sets out to become Europe’s first hyperscaler, enhancing service delivery for AI companies by offering increased computing capacity.

Read AI: Productivity-Focused Company Raises $50 Million (Series B)

By Amit Chowdhry ● Oct 29, 2024

Read AI - a productivity-focused artificial intelligence company - announced the closing of a $50 million Series B funding round led by Smash Capital with participation from existing investors Madrona and Goodwater Capital.

Alchemy: $31 Million (Seed) Secured From Magic Johnson, a16z, And More To Serve Safety Net Clinics

By Amit Chowdhry ● Oct 29, 2024

Alchemy announced the closing of $31 million in seed funding. This funding round was led by Andreessen Horowitz (a16z) Bio + Health with participation from Earvin "Magic" Johnson, Sandberg Bernthal Venture Partners, Banc of California, and existing investors Twine Ventures, Springbank, and AlleyCorp. Alchemy offers the entire physical, clinical, and digital infrastructure needed to build, operate, and grow in-house pharmacy programs with a focus on serving clinics with large HIV and Hepatitis C (HCV) patient populations.

Xscape Photonics: $44 Million (Series A) Raised To Support Next-Generation AI Data Centers

By Amit Chowdhry ● Oct 29, 2024

Xscape Photonics, a company using silicon photonics to support the next generation of AI data centers, announced closing a $44 million Series A funding round, increasing the total amount raised to $57 million. IAG Capital Partners led this funding with investments from Altair, Cisco Investments, Fathom Fund, Kyra Ventures, LifeX Ventures, NVIDIA, and OUP. The funding will accelerate the development of Xscape Photonics' ChromX platform, a scalable, multi-color, programmable photonics platform for AI data center fabrics.

Port: Internal Developer Portal Company Raises $35 Million (Series B)

By Amit Chowdhry ● Oct 29, 2024

Port, a leading internal developer portal, announced $35 million in Series B funding, bringing the total funding to date to $58 million. This funding round was led by Accel, with participation from Bessemer Venture Partners and existing investors, including Team8 and TLV Partners. The highly oversubscribed round follows Port's exceptional growth, with a 7 times year-over-year increase in revenue.

Casap: $8.5 Million Raised To Transform Payment Disputes Processes

By Amit Chowdhry ● Oct 29, 2024

Disputes automation and fraud prevention platform Casap announced it has raised $8.5 million to scale the first AI-powered solution for banks, credit unions, and fintechs to tackle first-party fraud and automate disputes and chargebacks intelligently. Lightspeed Venture Partners led this recent funding round with participation from Primary Venture Partners, Commerce Ventures, Curql, Alloy Labs, and notable fintech founders and execs from Chime, Robinhood, Square, Current, Novo, and Alloy.

Abstract Security: Data Fabric And Analytics Company Raises $15 Million (Series A)

By Amit Chowdhry ● Oct 29, 2024

Abstract Security, a pioneer in security data fabric and analytics, announced it has closed an oversubscribed Series A funding round of $15 million. Munich Re Ventures led the round, which included super pro-rata participation from existing investors Crosslink Capital and Rally Ventures.

Wildfire Systems: $16 Million (Series B) Closed To Drive Demand For White Label Loyalty Platform

By Amit Chowdhry ● Oct 29, 2024

Wildfire Systems—a financial technology platform that powers loyalty and reward programs, shopping companions, and content monetization—announced that it has secured $16 million in Series B funding. The round was co-led by Intuit Ventures and Mucker Capital. In addition, new investors Cohen Circle, Samsung Next, Evolution VC, and Gaingels, along with existing investors TTV Capital, QED Investors, B Capital, DLA Piper, Moonshots Capital, and Citi Ventures, participated in the round.

Concord: $850 Million Closed For Driving Strategic Growth

By Amit Chowdhry ● Oct 29, 2024

Concord, a leading independent music company, closed a new series of $850 million in senior notes backed by a diverse catalog of music assets. This is Concord's third securitization offering, and it is cross-collateralized with the notes offered in 2022, which now makes up the largest music-backed asset-backed securitization to date (when taken together). These issuances validate Concord's ongoing effort to strategically grow and monetize its music assets and position the company as a consequential force in the music industry.

Tolerance Bio: $17.2 Million (Seed) Raised To Increase Healthspan By Manipulating Thymus Functions

By Amit Chowdhry ● Oct 29, 2024

Tolerance Bio, a biopharmaceutical company pioneering a novel approach to increasing healthspan by preserving, restoring, and manipulating the function of the thymus, the master regulator of immune tolerance, announced the closing of its oversubscribed $17.2 million seed funding round, led by Columbus Venture Partners, with participation from Criteria Bio Ventures, Sessa Capital, BioAdvance, Ben Franklin Technology Partners and individual biotechnology investors.

Agrolend: $53 Million Raised For Transforming The Agribusiness Market For SMB Farmers In Brazil

By Amit Chowdhry ● Oct 29, 2024

Agrolend - a financial institution created to transform the agribusiness market for small and medium-sized farmers in Brazil by providing fast and easy credit - announced it raised $53 million in funding. Of that amount, Creation Investments (a leading global impact investor in emerging markets) made a $20 million investment in Agrolend that will help the company expand its credit offerings to industries, retailers, and farming co-operatives.

Filigran: Cybertech Ecosystem Company Secures $35 Million (Series B)

By Amit Chowdhry ● Oct 29, 2024

Filigran, a European cyber tech company, announced the completion of its $35 million (Series B) round of funding, led by global software investor Insight Partners and with continued support from existing investors Accel and Moonfire.

Birdseye Security Solutions: Equity Investment Raised From GreyLion Partners

By Amit Chowdhry ● Oct 29, 2024

Birdseye Security Solutions, a pioneer in the tech-enabled logistics security and supervision industry, announced a new equity investment from GreyLion Partners LP, a leading private equity firm that specializes in investing in high-growth businesses.

Armis: Cyber Exposure Management Company Raises $200 Million At $4.2 Billion Valuation

By Amit Chowdhry ● Oct 28, 2024

Armis, a cyber exposure management and security company, announced that it had closed a $200 million Series D round of investment, increasing its total company valuation to a new high of $4.2 billion.

RIFT: €11 Million (Series A) Raised To Decarbonize Energy-Intensive Industries With Iron Fuel

By Amit Chowdhry ● Oct 28, 2024

RIFT (Renewable Iron Fuel Technology) announced it closed a €11 million Series A funding round €. Pension investor PGGM (on behalf of the Dutch healthcare pension fund, PFZW), Invest-NL, and Oost NL have joined as new investors. Existing shareholders Rubio Impact Ventures, the Energy Transition Fund Rotterdam, and Brabant Development Agency (BOM) are also joining the investment round.

Caldera + Lab: Men’s Skincare Company Closes $6 Million (Series A)

By Amit Chowdhry ● Oct 28, 2024

Caldera + Lab, a premium skincare brand focused on providing clean and sustainable products for men, announced it has raised $6 million for its Series A funding round from HIPstr (the early-stage investment arm of HighPost Capital, a leading private investment firm focused on visionary companies at the forefront of consumer behavior and product, service, sports, media, and technology sectors).

Island: Citi Ventures Participates In Enterprise Browser Company’s Series D

By Amit Chowdhry ● Oct 28, 2024

Enterprise browser company Island announced the participation of Citi Ventures, a venture capital arm of Citigroup, in its previously announced Series D funding round. Coatue Management and Sequoia Capital led this Series D funding round, valuing the company at $3 billion.

Adams Street Partners: Over $1.2 Billion Secured For Venture Innovation Fund IV Program

By Amit Chowdhry ● Oct 28, 2024

Adams Street Partners - a leading private markets investment firm with over $60 billion in assets under management - announced the closing of its oversubscribed Venture Innovation Fund IV Program, securing over $1.2 billion in capital commitments. VIF IV includes a diverse portfolio of venture fund investments, secondaries, and direct investments, which seeks to strategically target exposure to some of the world’s most innovative companies.

Kivu Bioscience: $92 Million (Series A) Raised To Develop Antibody-Drug Conjugates

By Amit Chowdhry ● Oct 28, 2024

Kivu Bioscience - a biotech company developing next-generation antibody-drug conjugates to deliver best-in-class therapeutics - announced the closing of a $92 million Series A financing round led by Novo Holdings, with participation from Gimv, Red Tree Venture Capital, HealthCap and existing investors BioGeneration Ventures, M Ventures, and Brabantse Ontwikkelings Maatschappij (BOM). This funding round will advance multiple oncology programs in the clinic.

Flexential Raises Strategic Investment From Morgan Stanley Infrastructure Partners

By Amit Chowdhry ● Oct 28, 2024

Flexential, a secure and flexible data center solutions provider, announced a strategic investment from Morgan Stanley Infrastructure Partners (MSIP). And MSIP is partnering with GI Partners to accelerate Flexential's growth and to support its mission to meet increasing demand for digital infrastructure.

Socket: Software Supply Chain Security Company Raises $40 Million (Series B)

By Amit Chowdhry ● Oct 28, 2024

Socket, a company protecting software from supply chain attacks, announced a $40 million funding round. The company is focused on monitoring open-source packages for malicious behaviors like backdoors, typo-squatting, and obfuscated code.

Validation Cloud: Web3 Data And AI Company Raises $10 Million

By Amit Chowdhry ● Oct 28, 2024

Validation Cloud, a leading Web3 data and AI company announced it had picked True Global Ventures as its lead investor, with a contribution of $10 million. And the company plans to use the funding to expand its AI product, bringing seamless access to Web3 data and enabling unparalleled user experiences to network ecosystems and applications.

Agomab: $89 Million (Series D) Raised For Supporting Broad Fibrosis-Focused Pipeline

By Amit Chowdhry ● Oct 27, 2024

Agomab Therapeutics announced a $89 million (€82.1 million) Series D funding round, with participation from new investors Sanofi and Invus, as well as existing investors.

LatticeFlow AI: $3 Million Raised From The Swiss Innovation Agency

By Amit Chowdhry ● Oct 27, 2024

LatticeFlow AI, a Swiss leader in trustworthy, safe, and compliant AI, announced that it has raised about $3 million in funding from the Swiss Innovation Agency (Innosuisse) to advance its AI Assessments platform.