Venture Capital

Thiozen: MIT Clean Hydrogen Spinout Raises $3.2 Million

By Amit Chowdhry ● Jul 3, 2024

Thiozen, the first company to produce clean hydrogen from "sour gas" waste streams, announced it has received $3.2 million in funding for a clean hydrogen project in Alberta, Canada. Administered by Emissions Reduction Alberta (ERA) and Alberta Innovates, this funding is part of a $57 million commitment by the Government of Alberta to support 28 projects that advance the hydrogen economy, reduce emissions, and create jobs in Alberta.

The Westly Group Raises Oversubscribed $100 Million Seed Fund

By Amit Chowdhry ● Jul 3, 2024

The Westly Group announced it successfully raised an oversubscribed $100 million seed fund to invest in entrepreneurs transforming the energy, mobility, building, and industrial sectors that make up more than 50% of the world’s GDP.

EpilepsyGTx: $10 Million Raised To Develop Therapies For Treating Focal Refractory Epilepsy

By Amit Chowdhry ● Jul 2, 2024

EpilepsyGTx, a biotechnology company focused on the research and development of gene therapies to treat focal refractory epilepsy, announced it has raised $10 million in seed funding. The funding was led by the UCL Technology Fund, with participation from Health Technology Holding.

NXT Capital: Strategic Partnership With Cresset Partners

By Amit Chowdhry ● Jul 2, 2024

NXT Capital, a subsidiary of ORIX USA, announced it has entered into a strategic investment partnership with Cresset Partners. Cresset is the private investment arm of Cresset Capital, a $50 billion wealth management and multi-family office platform. The bespoke program provides individuals and family offices on Cresset’s platform with access to direct private lower middle market investment opportunities.

TMRW Sports Raises Series A Funding At $500 Million Valuation

By Amit Chowdhry ● Jul 2, 2024

TMRW Sports, a company focused on building progressive approaches in sports, media, and entertainment, announced the closing of its Series A investment round. The funding round was co-led by Dynasty Equity, which recently closed a strategic minority investment in Liverpool FC, and Connect Ventures - which co-led the initial fundraising round for TMRW Sports and included participation from other leading institutional investors, sports team owners, business leaders, etc. TMRW Sports was founded by Tiger Woods, Rory McIlroy, and Mike McCarley.

IGM Technology: Strategic Growth Investment Raised From Lead Edge Capital

By Amit Chowdhry ● Jul 2, 2024

IGM Technology, a provider of financial software to state and local governments, announced a strategic growth investment from Lead Edge Capital. IGM has experienced significant revenue growth since the adoption of its leading disclosure management, budgeting, and reporting software solutions.

India-Based Venture Highway Merging With General Catalyst

By Amit Chowdhry ● Jul 1, 2024

India-based venture capital firm Venture Highway (VH) announced it is merging with General Catalyst (GC).

Zing Coach: AI-Based Fitness App Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 1, 2024

Zing Coach, a health tech company reducing growing rates of physical inactivity with its AI-powered fitness app, announced that it has raised a Series A funding round in equity and debt financing totaling $10 million led by Zubr Capital and Triple Point Capital.

Authentica Solutions: Education-Focused Data Integration Company Raises $6.2 Million

By Amit Chowdhry ● Jul 1, 2024

Authentica Solutions, a leader in data integration and intelligence management solutions for the education sector, announced the successful completion of a $6.2 million Series Seed funding round led by Owl Ventures.

Feon Energy: Battery Electrolyte Stanford Spin Out Raises $6.1 Million In Seed Funding

By Amit Chowdhry ● Jul 1, 2024

Feon Energy, an advanced battery electrolyte startup that spun out of Stanford University, announced the recent closing of a $6.1 million seed round enabling the development of next-gen batteries. The funding round was led by Fine Structure Ventures, with participation from Eight Roads, Foothill Ventures, MassVentures, EPS Ventures, and Valkyrie Fund.

Li Industries: Lithium-Ion Battery Recycling Company Secures $42 Million In Series B

By Amit Chowdhry ● Jul 1, 2024

Li Industries announced it closed a Series B funding round with an additional $6 million commitment from investors. The company's new investors include General Motors (GM) Ventures, DNX Ventures, and Tech Energy Ventures.

Pear Commerce: Retail Enablement Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 1, 2024

Pear Commerce, a retail e-commerce enablement platform for omnichannel brands, announced that it had closed a $10 million Series A funding round. The funding round was led by Stage 2 Capital. Additional participation in the round includes Heartland Ventures, Homegrown Ventures, Dundee Venture Capital, M25, and Daren Cotter.

illumex: $13 Million Closed To Automate Creation Of A Semantic Layer That Unifies Data Silos

By Amit Chowdhry ● Jul 1, 2024

illumex, a Generative Semantic Fabric platform for structured enterprise data, announced that it has raised $13 million in seed funding. The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with participation from ICI Fund, Jibe Ventures, Iron Nation Fund, Ginossar Ventures, ICON Fund, Today Ventures, and several angel investors.

RareCyte: $20 Million Raised To Expand Orion Spatial Biology Platform

By Amit Chowdhry ● Jul 1, 2024

RareCyte, a life sciences company offering advanced Precision Biology platforms, including instruments, reagents, software, and services, announced the completion of $20 million in funding from new and existing investors. New investor Forest Road has joined existing investors Arboretum Ventures and F-Prime Capital (which co-led the round) and investors HealthQuest Capital, 5AM Ventures, Agilent Technologies, Company founder Ron Seubert, Sheatree capital, and GKCC LLC.

Odaseva: Enterprise Data Security Platform Company Secures $54 Million In Series C

By Amit Chowdhry ● Jun 30, 2024

Odaseva, a leading enterprise data security platform for Salesforce, announced $54 million in Series C funding, bringing the total company funding to over $90 million. Silver Lake Waterman led the round with participation from existing investors F-Prime, Eight Roads and Serena Capital, and new investors Eurazeo and Crescent Cove.

KLAR Partners: Fund II Closed At €870 Million

By Amit Chowdhry ● Jun 30, 2024

KLAR Partners announced the final closing of KLAR Partners II, which has secured total capital commitments of €870 million. This 40% increase in fund size over KLAR's prior fund highlights the strong confidence and support received from both existing and new investors.

Zoi Capital: $200 Million Fund To Invest In AI Solutions For Healthcare

By Amit Chowdhry ● Jun 30, 2024

Zoi Capital, a VC firm specializing in artificial intelligence (AI) solutions for healthcare was founded by Mayo Clinic-trained cardiologist Dr. Ronald M. Razmi and Brian K. Beeler (former Executive VP and General Counsel of Horizon Therapeutics), announced they have closed a fundraising goal of $200 million for their Health AI Fund I.

Freeflow Ventures Closes $90 Million To Invest In Early-Stage Science-Driven Companies

By Amit Chowdhry ● Jun 30, 2024

Freeflow Ventures, an early-stage venture capital (VC) firm that invests in science-driven solutions to human and planetary health challenges announced that it raised $50 million in new funds through its $35 million Fund Two and $15 million Opportunity Fund. Including a $25 million Fund One and $15 million in special purpose vehicles (SPVs), Freeflow now has $90 million in assets under management (AUM).

Sila: Battery Materials Company Secures $375 Million In Series G

By Amit Chowdhry ● Jun 30, 2024

Sila, a next-generation battery materials company, announced it has raised $375 million in a close of its Series G round led by existing investors Sutter Hill Ventures and funds and accounts advised by T. Rowe Price Associates with participation by new investors as well as existing investors Bessemer Venture Partners, Coatue, Perry Creek Capital, and others.

MagicSchool AI: K-12 Educator And Student Platform Company Raises $15 Million In Series A

By Amit Chowdhry ● Jun 30, 2024

MagicSchool AI, a technology platform for K-12 educators and students, announced a $15 million Series A round of financing led by Bain Capital Ventures. And additional investors include Adobe Ventures and Common Sense Media, and angel investors like Replit founder Amjad Masad, Clever co-founders Tyler Bosmeny and Rafael Garcia, and OutSchool co-founder Amir Nathoo. The funding will support the development of more use cases for AI in education.

Waypoint Bio: $14.5 Million Seed Round Closed To Advance Drug Discovery With Spatial Pooled Screening Technology

By Amit Chowdhry ● Jun 29, 2024

Waypoint Bio, a biotechnology company pioneering novel cell therapies for solid tumors using in vivo spatial pooled screening technology, announced $14.5 million in seed funding led by Hummingbird Ventures with participation from other institutional investors, including Recode Ventures and pre-seed lead Fifty Years.

KarmaCheck: Background Check Company Closes $45 Million In Series B

By Amit Chowdhry ● Jun 29, 2024

KarmaCheck, a technology-based solution for background checks, credentialing, and compliance, announced that it has raised $45 million in a Series B funding round led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures.

Clearstory: Change Order Communication Construction Platform Company Raises $16 Million In Series B

By Amit Chowdhry ● Jun 29, 2024

Clearstory, a change order communication platform for the construction industry that connects companies to collaborate on out-of-contract work, announced it closed a $16 million Series B funding round, bringing the total capital raised to $35 million. This funding round was led by Prudence, with participation from Industry Ventures and existing investors, including Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners.

Slide Insurance: $175 Million Senior Credit Facility Closed

By Amit Chowdhry ● Jun 29, 2024

Slide Insurance announced that it has secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. Synovus Bank and Texas Capital Bank, through its TCBI Securities division, also supported the transaction as a joint lead arranger and joint bookrunner.

AuthZed: Permissions Systems As A Service Company Secures $12 Million In Series A

By Amit Chowdhry ● Jun 29, 2024

AuthZed, a company helping enterprises rapidly build user experiences with simple, fast, and secure permissions systems, announced it has closed $12 million in funding led by General Catalyst with continued participation from Work-Bench, Y Combinator, and Amplify Partners. This Series A funding round brings AuthZed’s total amount raised to $15.8 million.

Axelera AI Raises $68 Million In Series B To Advance Hardware Acceleration Technology

By Amit Chowdhry ● Jun 29, 2024

Axelera AI, a leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, announced a successful closing of an oversubscribed $68 million Series B funding round, bringing the total amount raised to $120 million.

e-Zinc: Energy Storage Solutions Company Raises $31 Million

By Amit Chowdhry ● Jun 29, 2024

e-Zinc, a company enabling sustainable, long-duration energy storage with its zinc-air battery, announced it has raised an additional $31 million in follow-on funding to its $25 million Series A round. This oversubscribed Series A2 funding round was led by Evok Innovations, with additional investments from Mitsubishi Heavy Industries, Export Development Canada (EDC), and Ultratech Capital Partners. Plus, e-Zinc’s existing shareholders also participated, including Toyota Ventures, Eni Next, Anzu Partners, BDC, and Graphite Ventures. e-Zinc plans to use this financing to accelerate product development and complete the construction of its 42,000 sq. ft pilot manufacturing facility in Mississauga, Ontario.

VenoStent: $20 Million Raised To Develop Therapeutic Device For Improving Dialysis Outcomes

By Amit Chowdhry ● Jun 28, 2024

VenoStent, a clinical-stage medical device company developing a novel therapeutic device for improving dialysis patient outcomes, announced that it closed an additional $4 million from Norwest Venture Partners to round out its Series A funding at $20 million with Good Growth Capital and IAG Capital Partners co-leading the deal.

Faropoint Closes $915 Million For Urban Industrial Value Fund III

By Amit Chowdhry ● Jun 28, 2024

Faropoint, a tech-enabled, US industrial real estate investment manager, announced the final closing of its flagship Industrial Value Fund III with $915 million in commitments, exceeding its $750 million target.

HeyGen: AI-Based Video Generation Platform Company Closes $60 Million In Series A At Over $500 Million Valuation

By Amit Chowdhry ● Jun 28, 2024

HeyGen, an AI video generation platform for businesses, raised $60M in Series A led by Benchmark with participation from Thrive Capital, BOND, Conviction, Dylan Field, Elad Gil, Aviv Nevo, Neil Mehta, and SV Angel among others.‍ And Victor Lazarte from Benchmark has joined the board of directors.