Venture Capital

QA Wolf Secures $36 Million In Series B To Transform Software Quality Assurance

By Amit Chowdhry ● Jul 24, 2024

QA Wolf, a company that guarantees 80%+ end-to-end automated test coverage for web apps, announced a $36 million Series B funding round to accelerate its expansion into native mobile testing, which is set to launch later this year and is now open for waitlist. This funding round was led by Scale Venture Partners with participation from Threshold Ventures and Ventureforgood, and existing investors Inspired Capital and Notation Capital.

Evo Security: Identity And Access Management Solutions Company Raises Series A Funding Round

By Amit Chowdhry ● Jul 24, 2024

Evo Security, a leading provider of Identity and Access Management solutions for Managed Service Providers (MSPs), announced the successful completion of its Series A funding round - raising $6 million led by TechOperators, an Atlanta-based cybersecurity venture capital firm led by industry veterans. This funding round includes participation from Sorenson Capital, Prelude, Strategic Cyber Ventures, Inner Loop Capital, and new partner MetroSITE Group.

Jake Paul’s W Secures $14 Million At Over $150 Million Valuation

By Amit Chowdhry ● Jul 23, 2024

W, the men's personal care brand launched by Jake Paul, announced today it has raised a Series A led by Shrug Capital. With $14 million in funding to date, inclusive of seed financing and incubation from Anti Fund, the company is now valued at more than a $150 million valuation. The co-investors include Range Group, 305 Ventures, Uphonest Capital, Quiet Capital, and Palm Tree Crew, with participation from individuals including Celsius' CEO John Fieldly, Fanatic's CEO Michael Rubin, Lil Durk, Nick Kyrgios, Naomi Osaka, and Carter Reum and Paris Hilton.

Protexxa: Cybersecurity Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 23, 2024

Protexxa - one of the largest cybersecurity companies in the country - announced it has raised $10 million in Series A funding. The investors in the Series A include Bell Ventures (venture arm of Bell Canada) and Sandpiper Ventures. The round also saw support from existing shareholders, Export Development Canada, BKR Capital, The Firehood Angels, and Graphite Ventures. Additional investors include Global Risk Institute President and CEO Sonia Baxendale; Tricon and Cidel Co-founder Geoffrey Matus; former Home Depot Canada CEO and current NRStor CEO Annette Verschuren; and business lawyer and Distinguished Counsel in Residence at Toronto Metropolitan University Ralph Lean. Plus, Protexxa has welcomed a new advisor Dr. Donette Chin-Loy Chang.

Monarch Tractor Raises $133 Million In Series C Funding

By Amit Chowdhry ● Jul 22, 2024

Monarch Tractor, the creator of the world's first fully electric, driver-optional smart tractor and Wingspan Ag Intelligence (WingspanAI) farm management platform called MK-V announced $133 million in Series C funding, making it the largest round in agricultural robotics history. This funding was co-led by global impact investor Astanor and HH-CTBC Partnership, L.P., with additional support from prominent investors, including At One Ventures, PMV, and The Welvaartsfonds.

Standard Bots: Robotics Automation Company Closes $63 Million

By Amit Chowdhry ● Jul 22, 2024

Standard Bots, a robotics automation leader, announced it has raised $63 million in total funding, with its recent Series B round led by General Catalyst with participation from Amazon Industrial Innovation Fund and Samsung Next. Lachy Groom, Quiet Capital, 468 Capital, Lightscape Partners, and Box Group provided additional venture capital support.

Arrcus: Hyperscale Networking Company Closes $30 Million In Funding

By Amit Chowdhry ● Jul 22, 2024

Arrcus, a hyperscale networking software company and a leader in core, edge, and multi-cloud routing and switching infrastructure, announced a significant new investment of $30 million from Prosperity7 Ventures, NVIDIA, Lightspeed, Hitachi Ventures, Liberty Global, Clear Ventures, and General Catalyst.

Element Biosciences: Over $277 Million In Series D Raised For Democratizing Access To Advanced Biological Tools

By Amit Chowdhry ● Jul 22, 2024

Element Biosciences, a developer of pioneering technologies to empower science, announced over $277 million in Series D funding to support its growing global customer base with disruptive DNA sequencing and multi-omics technologies for years to come. The oversubscribed funding round was led by Wellington Management with participation from new and existing investors, including Samsung Electronics, Fidelity, Foresite Capital, funds and accounts advised by T. Rowe Price Associates, Venrock, and others. This brings Element's cumulative raise to $680+ million.

HUI: Liquid Collaboration Company Raises €25 Million

By Amit Chowdhry ● Jul 22, 2024

HUI announced the closing of a €25 million equity capital commitment from Nimbus Capital, a Panama-based fund. This funding will further drive HUI's growth as the VC 3.0 Super App, utilized by thousands of entrepreneurs, startups, and investors for its unique market features.

Earned Wealth: $200 Million Capital Commitment Raised

By Amit Chowdhry ● Jul 22, 2024

Earned Wealth, a tech-enabled financial services firm focused on the needs of medical professionals, announced a $200 million capital commitment led by growth equity investors Summit Partners and Silversmith Capital Partners with participation from existing investors Juxtapose, Hudson Structured Capital Management and Breyer Capital.

Medal: AI Assistant Company Secures $13 Million At $333 Million Valuation

By Amit Chowdhry ● Jul 22, 2024

Medal - an AI company that is behind the popular MedalTV clipping app - announced the launch of Highlight, its groundbreaking AI assistant platform designed to alter how users interact with popular AI models. And Medal also announced a $13 million funding round from Horizons Ventures, OMERS Ventures, peak6, and Arcadia Investments, valuing the company at $333 million post-money.

Saronic: Defense Technology Leader Raises $175 Million At $1 Billion Valuation

By Amit Chowdhry ● Jul 22, 2024

Saronic, a defense technology leader that designs and manufactures autonomous surface vessels (ASVs), announced a $175 million Series B funding round, putting the company's valuation at $1 billion. And the funding round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, and others.

Buildots: AI-Based Construction Software Company Closes $15 Million

By Amit Chowdhry ● Jul 22, 2024

Buildots, an AI-based construction software company, announced a $15 million investment led by Intel Capital with participation from OG Tech Partners and previous investors. In connection with the funding, Lisa Cohen, Investment Director at Intel Capital, will join as a board observer.

Regard: AI-Based Clinical Insights Company Raises $61 Million

By Amit Chowdhry ● Jul 22, 2024

Regard, an AI-based clinical insights platform that empowers clinicians to unlock the full potential of patient data, announced the closing of a $61 million Series B financing round, led by Oak HC/FT, with participation from Cedars-Sinai Health Ventures, and existing investors TenOneTen Ventures, Calibrate Ventures, and Techstars.

Finnovista: An Interview With Fermín Bueno About Making Finance Better In Latin America

By Amit Chowdhry ● Jul 22, 2024

Finnovista is a leading innovation and venture capital firm committed to developing the Fintech ecosystem and transforming finance for the better. Pulse 2.0 interviewed Finnovista co-founder and Managing Partner Fermín Bueno to learn more about the firm.

Curate Capital: Accelerating Success Of Companies By Women For Women

By Amit Chowdhry ● Jul 22, 2024

Curate Capital is a venture capital firm that accelerates the success of companies by women for women. Pulse 2.0 interviewed Curate Capital founder and general partner Carrie Colbert to learn more about the firm.

CarbonBlue: Climate Tech Company Closes $10 Million In Funding

By Amit Chowdhry ● Jul 22, 2024

Climate-tech company CarbonBlue has announced the completion of a seed funding round to scale up and deploy its water-based Carbon Dioxide Removal (CDR) technology, bringing the funding raised by the company to $10 million. This funding round was led by Ibex Investors and FreshFund, joined by strategic investors Engie New Ventures and ZIM Ventures (the corporate venture capital arm of ZIM Integrated Shipping Services), and included further investments by existing investors Jibe Ventures, MoreVC, and Secret Chord Ventures.

CTA Smart: Fuel Management Company Closes $3 Million In Funding

By Amit Chowdhry ● Jul 22, 2024

CTA Smart, a leading technology company in the fuel sector, announced it has secured a $3 million investment in a new funding round to boost its international growth. Led by Invisto and Indicator Capital, this funding will support CTA Smart's expansion into the American market and lay the groundwork for global expansion.

Heeler Security: Application Security Company Raises $8.5 Million In Seed Funding

By Amit Chowdhry ● Jul 22, 2024

Application security company Heeler Security announced today the successful closing of an $8.5 million Seed Series funding round, led by Norwest Venture Partners with significant participation from Storm Ventures.

TierPoint: Majority Investment Raised From Argo Infrastructure Partners

By Amit Chowdhry ● Jul 22, 2024

Argo Infrastructure Partners, LP announced that it has increased its ownership stake to represent a majority interest in TierPoint, emphasizing the firm’s confidence in the platform’s exceptional growth trajectory. Argo has now invested about $700 million since 2020 in TierPoint, the flagship digital infrastructure investment in Argo’s portfolio.

Aprio Raises Strategic Growth Funding From Charlesbank

By Amit Chowdhry ● Jul 22, 2024

Aprio, a leading business advisory and accounting firm, announced that it has received a strategic investment from Charlesbank Capital Partners (a middle-market private investment firm with more than $18 billion of capital raised since its inception) to accelerate innovation and growth. The deal represents the first institutional capital investment in Aprio.

F1 Arcade: Experiential Hospitality Brand Raises $130 Million

By Amit Chowdhry ● Jul 22, 2024

Kindred Concepts Ltd. (trading as F1 Arcade) announced it completed a growth financing raise. The $130 million commitments are funded by Cheyne Capital, Liberty Media Corporation, Permira Credit and OakNorth.

Kandji: Apple Endpoint Management And Security Company Raises $100 Million At $850 Million Valuation

By Amit Chowdhry ● Jul 22, 2024

Kandji announced it has raised $100 million in capital from General Catalyst, with $50 million allocated to equity financing for its Series D and $50 million for go-to-market investment. This latest funding round brings Kandji’s valuation to $850 million. Deep Nishar from General Catalyst will join the company’s Board of Directors in connection with the funding.

Arkion: AI-Based Grid Inspection Data Solution Company Raises $4 Million

By Amit Chowdhry ● Jul 22, 2024

Arkion, formerly known as Skyqraft, an AI-powered software solution that transforms overhead power lines inspection data into condition assessments of all assets, announced the successful closing of a $4 million funding round. This round was led by Subvenio Invest, with participation from Neptunia Invest, and Antler.

Nagish: $16 Million Closed To Make Communication Accessible For Deaf And Hard-Of-Hearing Individuals

By Amit Chowdhry ● Jul 21, 2024

Nagish, a company using AI to make communication accessible for deaf and hard-of-hearing individuals, announced $16 million in funding. This includes $11 million in Series A funding led by Canaan Partners, with participation from existing investors K5 Global, Tokyo Black, Cardumen Capital, Vertex Ventures Israel, Contour Venture Partners, and Precursor Ventures, and the founders of Datadog and Looker.

Momento: $15 Million Raised To Make Real-Time Data Infrastructure Easier At Enterprise Scale

By Amit Chowdhry ● Jul 21, 2024

Momento, a real-time data platform founded by the engineering team that built DynamoDB, announced it raised $15 million in a Series A round led by Bain Capital Ventures to expand on its vision of hassle-free infrastructure for interactive experiences at a global scale. Existing investors Bain Capital Ventures and The General Partnership pre-empted the latest round, a sign of confidence in the company's growth. And additional angel investors include Marianna Tessel (EVP and General Manager at Intuit), Neha Narkhede (co-founder of Confluent), Tom Killalea (first CISO of Amazon), Don MacAskill (CEO of Flickr/SmugMug), and John Lilly (former CEO of Mozilla).

BOB: Hybrid Layer-2 Solution Company Raises $1.6 Million In Strategic Funding

By Amit Chowdhry ● Jul 21, 2024

BOB, a first-of-its-kind hybrid Layer-2 powered by Bitcoin and Ethereum, announced $1.6 million in combined strategic funding led by Ledger Ventures and angel round with funds deployed to broaden the Layer-2's presence throughout the Bitcoin and Ethereum ecosystems.

Armada: Edge Computing Company Raises $40 Million

By Amit Chowdhry ● Jul 21, 2024

Armada, an edge computing pioneer transforming the future of connectivity, computing and AI, announced a $40 million funding round led by M12 (Microsoft's Venture Fund), raising its total to over $100 million.

Healthworx Launches New Accelerator Program To Help Scale Healthcare Startups

By Amit Chowdhry ● Jul 21, 2024

Healthworx is an agile group of healthcare experts featuring equal parts investment arm, strategic partner, commercialization engine, and launch pad. The team has introduced a reimagined accelerator for healthcare startups seeking funding and mentorship.

Seismos: AI-Based Acoustic Sensing Company Raises $15 Million

By Amit Chowdhry ● Jul 21, 2024

Seismos and Edison Partners announced a new $15 million growth investment to enable and accelerate the energy industry’s shift from analog-focused exploration and production to digital infrastructure and autonomous production operations.