Venture Capital

Slope: AI-Based B2B Payments Company Raises $65 Million

By Amit Chowdhry ● Jul 28, 2024

Slope announced it has closed $65 million in a new round of funding, bringing the total funding to $252 million ($77 million in equity and $175 million in debt). This funding round will be used for scaling operations as the B2B payments platform continues serving many of the world’s largest enterprises. Along with J.P. Morgan Payments, other participants in the round include Y Combinator, Jack Altman, and Max Altman’s new fund Saga.

Autobahn Therapeutics: $100 Million Raised To Develop Restorative Treatments For Depression and Other CNS Disorders

By Amit Chowdhry ● Jul 28, 2024

Autobahn Therapeutics (a biotechnology company developing restorative treatments for people affected by neuropsychiatric and neuroimmunologic disorders) announced the closing of an oversubscribed $100 million Series C funding led by Newpath Partners, with participation from new investors Canaan Partners, Monograph Capital, and Insight Partners. All of the company’s existing investors participated in the round, including founding investors ARCH Venture Partners and Blue Owl Healthcare Opportunities, BVF Partners, Invus, Samsara BioCapital, Biogen, Bristol Myers Squibb, Pfizer Ventures, Section 32, Alexandria Venture Investments and GT Healthcare Capital Partners.

Oisín Biotechnologies: Funding Raised To Mitigate Effects Of Age-Related Diseases

By Amit Chowdhry ● Jul 28, 2024

Oisín Biotechnologies (a privately held biotechnology company focused on mitigating the effects of age-related diseases) announced the first closing in a $15 million Series A funding round. AbbVie Ventures led the first close. And in connection with the funding, they will join the Oisín Board of Directors and Scientific Advisory Board.

SoundHealth: $7 Million Seed Funding Raised And SONU Wearable Device Launches

By Amit Chowdhry ● Jul 28, 2024

SoundHealth (a medical technology company harnessing the power of AI and medical science to improve patient outcomes) has introduced SONU. SONU is the world’s first FDA De Novo authorized, AI-enabled, and wearable medical device for treating moderate to severe nasal congestion due to allergic and non-allergic rhinitis for at-home use by individuals 22 years of age and older.

Kestra Medical: Wearable Cardioverter Defibrillator Company Closes $196 Million In Funding

By Amit Chowdhry ● Jul 28, 2024

Kestra Medical Technologies (a privately held wearable medical device and digital healthcare company) announced an oversubscribed $196 million funding round to support the expansion of their commercial organization and advance its goals of protecting at-risk patients with its modern Wearable Cardioverter Defibrillator (WCD).

Vanta: Trust Management Platform Company Raises $150 Million At $2.45 Billion Valuation

By Amit Chowdhry ● Jul 27, 2024

Leading trust management platform Vanta announced that it has raised a $150 million Series C funding round at a valuation of $2.45 billion. The funding round was led by Sequoia Capital along with new investors Growth Equity at Goldman Sachs Alternatives, J.P. Morgan and existing investors Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures and Y Combinator. The most recent funding round brings Vanta’s total funds raised to $353 million since 2021.

Dental AI Company Pearl Raises $58 Million In Series B

By Amit Chowdhry ● Jul 27, 2024

Pearl, a global leader in dental AI, announced that it has raised $58 million in Series B funding to accelerate its mission to elevate patient care in dentistry. Left Lane Capital led the funding round, with participation from Smash Capital, Alpha Partners, and existing investors, Craft Ventures and Neotribe Ventures. This funding round marks the highest investment ever in dental artificial intelligence.

Clarapath: Medical Robotics Company Raises $36 Million In Series B-1

By Amit Chowdhry ● Jul 27, 2024

Clarapath, a medical robotics company modernizing and transforming how pathology laboratories process tissue, announced it raised $36 million in Series B-1 funding round led by Northwell Ventures. And additional new strategic investors participated in the funding round, including CU Healthcare Innovation Fund, Mayo Clinic, and Ochsner Ventures, bringing the company's total funding to $75 million.

Scorpion Therapeutics Raises $150 Million For Enhancing Clinical-Stage Precision Oncology Pipeline

By Amit Chowdhry ● Jul 27, 2024

Scorpion Therapeutics, a clinical-stage oncology company dedicated to transforming the lives of cancer patients by redefining the frontier of precision oncology, announced the closing of a $150 million Series C financing. The funding was co-led by Frazier Life Sciences and Lightspeed Venture Partners and included additional new support from Willett Advisors and leading healthcare institutional investors, along with existing investors Omega Funds, Vida Ventures, Atlas Venture, Abingworth, Fidelity Management & Research Company, Boxer Capital, EcoR1 Capital, LLC, Surveyor Capital (a Citadel company), Invus, Wellington Management, Nextech Invest Ltd. (on behalf of one or more funds managed by it), OrbiMed, Logos Capital, Woodline Partners LP, and Casdin Capital.

Predicta Biosciences Raises $5.2 Million To Develop Novel Diagnostic And Therapeutic Products

By Amit Chowdhry ● Jul 27, 2024

Predicta Biosciences, a precision oncology company developing novel diagnostic and therapeutic products, announced it has raised an oversubscribed $5.2 million seed round led by The Engine Ventures. And additional participating investors include Illumina Ventures, Time Boost Capital, the American Cancer Society Bright Edge and the Oetgen family.

ACEL Power: Marine Electric Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 27, 2024

ACEL Power, an innovator in marine electric innovation, announced it has closed its oversubscribed Series A round with $10 million in funding. The funding was led by Tau Capital, which is an Abu Dhabi-based private venture capital firm committed to supporting advancements in science and technology for a positive impact on the world.

Cart.com Raises $105 Million Term Loan Facility From BlackRock

By Amit Chowdhry ● Jul 27, 2024

Cart.com - a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill wherever their customers are - announced it has secured a $105 million term loan facility provided by funds and accounts managed by BlackRock. The latest facility helps consolidate Cart.com’s venture debt at competitive terms as the company continues its rapid growth trajectory.

Xapien: AI-Based Due Diligence Provider Raises £8 Million In Series A

By Amit Chowdhry ● Jul 27, 2024

AI due diligence provider Xapien announced the completion of its £8 million ($10 million) Series A funding round, led by YFM Equity Partners. This brings the total funding to £14 million ($17.8 million).

Heimdall Power: Grid Optimization Company Raises $25 Million

By Amit Chowdhry ● Jul 27, 2024

Heimdall Power, a company that is driving power grid optimization for utility companies around the world, announced the closing of its $25 million Series B funding round. This funding round was co-led by international energy giant Orlen, Nordic cleantech fund NRP Zero and the Steinsvik Family Office. And additional investments were made by existing investors, Investinor, Eviny, Hafslund, Lyse, and Sarsia Seed.

Vectara: GenAI Product Platform Company Raises $25 Million In Series A

By Amit Chowdhry ● Jul 27, 2024

Vectara, a trusted Generative AI (GenAI) product platform, announced it has closed a $25 million Series A round led by FPV Ventures and Race Capital. The additional investors include Alumni Ventures, WVV Capital, Samsung Next, Fusion Fund, Green Sands Equity, and Mack Ventures.

CatalYm: Cancer Therapy Resistance Mechanism Company Raises $150 Million In Series D

By Amit Chowdhry ● Jul 27, 2024

CatalYm announced the completion of a $150 million Series D financing. The oversubscribed funding round was led by new investors, Canaan Partners and Bioqube Ventures, and joined by Forbion's Growth Opportunities Fund, Omega Funds and Gilde Healthcare. Existing investors Jeito Capital, Brandon Capital Partners, Novartis Venture Fund and Vesalius Biocapital III also participated in the round.

Seven Starling: Women’s Behavioral Health Services Virtual Provider Raises $10.9 Million

By Amit Chowdhry ● Jul 27, 2024

Seven Starling, a virtual provider of women's behavioral health services, announced it has raised $10.9 million in Series A funding. RH Capital led the oversubscribed investment round, with participation from insiders Pear VC, Expa, Magnify Ventures, Emerson Collective, and Inflect Health, and new investors including Zeal Capital Partners, Ulu Ventures, Fiore Ventures, the March of Dimes, Rogue Venture Partners, Graham & Walker, and Wisdom Ventures.

Jacobi Robotics: AI-Based Motion Planning Tech Company Raises $5 Million

By Amit Chowdhry ● Jul 27, 2024

Jacobi Robotics, a company that has pioneered a new kind of AI-powered motion planning technology that requires 1000x less computational time and enables the deployment of robots in less than one day compared to one month with existing programming tools, announced it launched the availability of its robotics AI software platform. The company also announced it has raised a $5 million seed round led by Moxxie Ventures with participation from Foothill Ventures, Humba Ventures, and The House Fund. Existing investors Swift Ventures, Berkeley SkyDeck Fund, and LDV Partners also participated.

Exa: Search-Focused AI Company Secures $22 Million

By Amit Chowdhry ● Jul 27, 2024

Exa - an AI research lab redesigning search - announced $22 million in seed and Series A funding led by Lightspeed Venture Partners, with participation from NVentures (NVIDIA's venture capital arm), and Y Combinator. This funding will accelerate Exa’s goal of building the search engine for AI.

Loci Orthopaedics: €12.8 Million In Series A Funding Raised

By Amit Chowdhry ● Jul 27, 2024

Loci Orthopaedics - an orthopaedic medical device company - announced the successful closing of an oversubscribed €12.8 million Series A financing. The funding round was led by new investors Seroba, Johnson & Johnson Innovation, JJDC, Inc., (JJDC) and the European Innovation Council (EIC) Fund.

Shaped.ai: AI Recommendation And Search Platform Raises $8 Million

By Amit Chowdhry ● Jul 27, 2024

Shaped.ai, an AI recommendation and search platform for marketplaces, e-commerce, and content companies, announced funding of $8 million and the launch of their new self-serve cloud product.

TRiCares: Medical Device Company Raises $50 Million In Series D

By Amit Chowdhry ● Jul 27, 2024

TRiCares SAS, a privately held pioneer in the minimally invasive treatment of tricuspid regurgitation, announced it has raised $50 million (€46 million) in a Series D funding round. The funding round was raised from a single strategic investor.

Hash: AI Mining Company Secures $10 Million From Bolt’s Capital

By Amit Chowdhry ● Jul 27, 2024

Hash AI announced it raised a strategic $10 million investment from Bolt's Capital - which is a leading venture capital firm focused on the blockchain industry. This funding fuels the company’s mission at Hash AI: to transform crypto mining through intelligent automation and a commitment to sustainable practices.

Lakera: GenAI Security Company Raises $20 Million

By Amit Chowdhry ● Jul 27, 2024

Lakera, a leading real-time Generative AI (GenAI) Security company, announced it has raised $20 million in a Series A funding round. This funding round was led by Atomico, with participation from Citi Ventures, Dropbox Ventures, and existing investors including redalpine. This round brings Lakera's total funding to $30 million.

ICONIQ Growth: $5.75 Billion Closed For Seventh Flagship Fund

By Amit Chowdhry ● Jul 26, 2024

ICONIQ Growth, ICONIQ’s venture and growth investing platform, announced the closing of $5.75 billion in capital commitments in its seventh and latest flagship fund. With this fund, ICONIQ Growth plans to partner with exceptional founders and an unmatched community to transform extraordinary ideas into world-changing realities. The closing of this fund brings the total capital commitments of ICONIQ Growth to $21 billion across all funds raised since its founding.

Granite Creek Capital Partners Invests in Madwire

By Amit Chowdhry ● Jul 26, 2024

Granite Creek Capital Partners, a private investment firm based in Chicago, announced a growth investment in Madwire. Madwire is a technology company offering business management and marketing software and services for small and medium-sized businesses (SMBs) through its flagship product, Marketing 360.

Earthshot Labs Raises $5.5 Million To Expand Nature-Based Carbon Project Development

By Amit Chowdhry ● Jul 26, 2024

Earthshot Labs announced it has completed a $5.5 million Series A funding round to expand its platform for nature-based carbon project development and financing. And Earthshot has helped develop over 60 reforestation, conservation, agroforestry, and improved forest management projects worldwide and directed over $55 million in financing. This funding round was led by Acorn Pacific Ventures with participation by Earth Foundry, Future Ventures, Resilient Earth Capital, One Small Planet, Parameter Ventures, Sand Hill Angels, and Orca Capital.

CytoReason: $80 Million Raised To Develop Computational Disease Models For Predictive Insights

By Amit Chowdhry ● Jul 26, 2024

CytoReason, a leader in developing computational disease models for predictive insights, announced it raised an aggregated $80 million from OurCrowd, NVIDIA, Pfizer, and Thermo Fisher Scientific.

ReliON: C$3 Million Raised To Develop O&M Solutions For EV Charging Infrastructure

By Amit Chowdhry ● Jul 26, 2024

ReliON - a Montréal and Ottawa-based pioneering provider of Operation & Maintenance (O&M) solutions for EV charging infrastructure - announced it has raised a C$3 million funding round led by Diagram Ventures, with participation from MaRS Investment Accelerator Fund (IAF), AQC Capital, Anges Québec and Cycle Momentum.

Aven: $142 Million In Series D Raised To Offer Consumer Credit Cards Backed By Home Equity

By Amit Chowdhry ● Jul 26, 2024

Aven, a technology company offering consumer credit cards backed by home equity, announced a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors, including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership.