Venture Capital

Inflammatix: Molecular Diagnostics Company Closes $57 Million In Funding (Series E)

By Amit Chowdhry ● Sep 16, 2024

Molecular diagnostics company Inflammatix announced it raised $57 million in Series E funding led by Khosla Ventures and Think.Health. This funding round will support regulatory filing and early commercialization of the company's lead product, the TriVerity Acute Infection and Sepsis Test (TriVerity).

Moderne Ventures: Over $230 Million Closed For MV Fund III

By Amit Chowdhry ● Sep 16, 2024

Moderne Ventures, a VC and growth equity firm with vertical specialties spanning real estate, finance, insurance and sustainability today announced it has raised over $230 million for MV Core Fund III, exceeding the oversubscribed $200 million MV Core Fund II.

Acuvity: AI Security And Governance Company Raises $9 Million (Seed)

By Amit Chowdhry ● Sep 16, 2024

Acuvity, the creator of a comprehensive AI security and governance platform for employees and applications, announced a $9 million seed funding round led by Foundation Capital, with participation from individual investors like Basil Alwan, Sri Reddy and Jonathan Siddharth. And Acuvity will use the funding to accelerate the development of its products and protect the rapid expansion of AI adoption in the enterprise.

Unlock Technologies: $280 Million Raised To Help Homeowners With Equity Solutions

By Amit Chowdhry ● Sep 13, 2024

Unlock Technologies - a leading fintech company transforming the homeownership experience - announced a significant strategic partnership with D2 Asset Management (D2). This agreement includes a $30 million Series B equity investment in Unlock and a $250 million capital commitment from D2 to support Unlock’s origination growth. Also joining Series B were Saluda Grade, Second Century Ventures, and REACH, the venture and tech growth arm of the National Association of REALTORS.

Second Front Systems: $70 Million (Series C) Raised To Fast-Track Government Access To SaaS Apps

By Amit Chowdhry ● Sep 13, 2024

Second Front Systems (2F), a public-benefit software company focused on enabling the delivery of mission-critical software solutions, announced today the closing of its $70 million Series C funding round. Salesforce Ventures led the round, which included new investors Battery Ventures and existing investors NEA, Moore Strategic Ventures, and Artis Ventures.

Ledgebrook: Insurance Technology Company Secures $17 Million (Series B)

By Amit Chowdhry ● Sep 13, 2024

Insurance technology company Ledgebrook announced the completion of a $17 million Series B funding round. This funding also introduces two esteemed Family Offices to the Ledgebrook cap table: Duquesne (who led the round) and The Stephens Group, and it includes participation from long-term partners Brand Foundry Ventures & American Family Ventures. The funding will also enable Ledgebrook to accelerate the expansion of current operations & embark on new, innovative projects.

XP Health: $33.2 Million (Series B) Closed To Modernize Vision Care

By Amit Chowdhry ● Sep 13, 2024

XP Health, a company focused on modernizing vision care with a digital-first vision care platform, announced a new $33.2 million Series B infusion of capital. This funding round was led by global fintech VC firm QED Investors with other prominent investors, including Canvas Ventures, American Family Ventures, HC9 Ventures, Valor Capital Group, and Manchester Story, who were all also part of a $17.1 million Series A round announced in fall 2022. So far, XP Health raised a total of over $55 million.

Kohlberg: 10th Private Equity Fund Closed At $4.3 Billion

By Amit Chowdhry ● Sep 13, 2024

Kohlberg & Company, a private equity firm specializing in middle market investing, announced the final closing of its 10th private equity fund, Kohlberg Investors X, L.P. (Fund X), with $4.3 billion in commitments. Kohlberg also raised about $1 billion in commitments for dedicated co-investment vehicles alongside Fund X.

Datassential: Growth Investment Raised From New Mountain Capital

By Amit Chowdhry ● Sep 13, 2024

Datassential, which is a leading global food and beverage intelligence platform, announced a strategic investment from New Mountain Capital (a growth-oriented investment firm with over $55 billion in assets under management) and Endicott Capital (an investment firm focused exclusively on the information services sector). This partnership with New Mountain Capital and Endicott represents a major step in Datassential's journey toward further enhancing its impact, strengthening its capabilities, and expanding its reach to serve clients across the food and beverage industry.

Illuma Labs: Banking Voice Authentication Company Raises $9 Million (Series A)

By Amit Chowdhry ● Sep 13, 2024

Illuma Labs, a leader in voice authentication technology for banking contact centers, announced it has raised $9 million in Series A funding led by LiveOak Ventures, with participation from Forefront Venture Partners, Curql Fund, UsNet, Capital Factory, Connexus, and TDECU. This funding will accelerate the development of Illuma’s voice verification solutions, addressing threats like fraud, voice cloning, and deep fakes and expanding its reach to more credit unions and banks nationwide.

Ren Systems: $3.5 Million Secured To Scale AI-Based Relationship Intelligence Platform

By Amit Chowdhry ● Sep 13, 2024

Cashmere: AI-Based Client Acquisition Platform Raises $3.6 Million (Seed)

By Amit Chowdhry ● Sep 13, 2024

Cashmere, an AI-based client acquisition platform for wealth management firms, announced it has raised a $3.6 million seed funding round. This seed round was led by Canapi Ventures, with participation from Benchstrength, Plug and Play, The House Fund, Courtyard Ventures, and angel backers. And as the lead investor, Canapi Ventures will act as board observers, providing strategic guidance as Cashmere scales its operations. The funding will advance product development and strategic hiring, including a newly appointed Head of Machine Learning.

Catalyst OrthoScience: $20 Million Funding And 10,000 Total Shoulder Arthroplasty (TSA) Procedures

By Amit Chowdhry ● Sep 13, 2024

Alosant: Real Estate Tech Company Raises Series A Funding

By Amit Chowdhry ● Sep 13, 2024

Alosant, a leading customer experience platform for master-planned communities, announces the securing of Series A funding led by Greg Avis, co-founder and former Managing Director of Summit Partners. This milestone - when combined with the strategic addition of key leadership and ongoing growth - propels Alosant's mission to enhance community connections through innovative mobile technology.

InMobi: AI-Based Content Discovery Company Raises $100 Million

By Amit Chowdhry ● Sep 13, 2024

InMobi, a global consumer technology company transforming how consumers discover and consume content, shop, and engage with brands, announced the closing of a $100 million debt financing agreement from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. The funding will propel InMobi’s artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions.

Radiant Bio: $35 Million (Series A) Raised For Advancing Antibody Platform

By Amit Chowdhry ● Sep 13, 2024

Radiant Biotherapeutics, a preclinical biotechnology company build an antibody platform to deliver transformative therapies for patients facing life-changing disease, announced it has closed a $35 million Series A financing. The funding round was co-led by the Bill & Melinda Gates Foundation and Amplitude Ventures of Canada. The additional participants in the Series A include new investors BDC Capital, the VC arm of the Business Development Bank of Canada, through its Thrive Venture Fund, and abrdn, an investment fund managed by abrdn Inc.; and existing investors FACIT, Alexandria Venture Investments and Toronto Innovation Acceleration Partners (TIAP).

SpectraWAVE: $50 Million (Series B) Raised To Advance HyperVue Imaging System

By Amit Chowdhry ● Sep 13, 2024

SpectraWAVE., a medical imaging company focused on improving the treatment and outcomes for patients with coronary artery disease (CAD), announced a $50 million Series B funding round led by Johnson & Johnson Innovation - JJDC and joined by S3 Ventures, Lumira Ventures, SV Health Investors, Deerfield Management, NovaVenture, Heartwork Capital, and undisclosed parties. This funding round will advance commercial expansion and product additions to the company’s 510k-cleared HyperVue Imaging System.

MOTHER Games: $5 Million Raised To Build Mobile Indie Game Le Zoo

By Amit Chowdhry ● Sep 13, 2024

Brooklyn-based art and media company MOTHER Games announced its launch out of stealth and $5 million in funding for its mobile game Le Zoo. Launched by two visionary mothers, Kelsey Falter and Raissa Chagas, MOTHER creates transformative experiences designed to awaken players to their mental programming and expand their inner worlds through play.

Switch: Enterprise Data Center Provider Raises $5 Billion In Debt Financing

By Amit Chowdhry ● Sep 12, 2024

Switch, a provider of AI, cloud and enterprise data centers, announced that it has closed on its $4.25 billion sustainability-linked Borrowing Base Facility (BBF) and upsized its Revolving Credit Facility (RCF) to $770 million.

Huma: Payment Financing Company Raises $38 Million

By Amit Chowdhry ● Sep 12, 2024

Payment Financing (PayFi) network company Huma announced that it has raised $38 million in funding. Distributed Global led the equity round, with significant participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures, CVC arm of İşbank, the largest private bank in Turkiye. Part of this rise came as investments into high-yield real-world assets (RWA) assets on the platform.

Quantum Source: $50 Million (Series A) To Develop Practical Photonic Quantum Computers

By Amit Chowdhry ● Sep 12, 2024

Quantum Source, an Israel-based company developing technology for powerful, cost-effective, and practical photonic quantum computers, announced it has raised a $50 million Series A investment round led by Eclipse. Standard Investments, Level VC, Canon Equity, and existing investors Pitango First, Grove Ventures, 10D, and Dell Technologies Capital participated in the round.

Glean: Enterprise AI Company Raises $260 Million (Series E) At $4.6 Billion Valuation

By Amit Chowdhry ● Sep 12, 2024

Pieces Technologies: $25 Million Raised To Support Inpatient Care Teams Using GenAI Solutions

By Amit Chowdhry ● Sep 12, 2024

Discure Technologies: Bioelectronic Implantable Device Company Secures $16 Million (Series A)

By Amit Chowdhry ● Sep 12, 2024

Discure Technologies, the developer of the Discure System, a bioelectronic implantable device for the treatment of degenerative disc disease (DDD), announced that it has secured $11 million in an oversubscribed Series A funding round following a $5 million SAFE (Simple Agreement for Future Equity) raise, bringing the total equity financing raised to $16 million.

P0 Security: IGA and PAM Platform Company Raises $15 Million (Series A)

By Amit Chowdhry ● Sep 12, 2024

P0 Security, the provider of the first unified IGA and PAM platform for the cloud designed to secure all enterprise cloud identities, announced the closing of its $15 million Series A round, bringing the total raised since founded to $20 million. This funding was led by SYN Ventures with participation from Zscaler and existing investor Lightspeed Venture Partners. The company also announced the appointment of SYN Ventures Operating Partner, Ryan Permeh, to the Board of Directors.

CorFlow Therapeutics: €44 Million (Series B) Raised For Advancing Drug Delivery Platform Related To Microvascular Obstruction In Heart Attack Patients

By Amit Chowdhry ● Sep 12, 2024

CorFlow Therapeutics AG announced that it has raised €44 million in Series B funding, co-led by Broadview Ventures and Panakes Partners with strong continued support from 415 Capital (CorFlow's initial VC investor and largest shareholder). Merieux Equity Partners, Laerdal Million Lives Fund, Wellington Partners, M&L Investments, Unorthodox Ventures, KOFA Healthcare, and Monte Carlo Capital participated in the multinational syndicate.

Daisy: Home Technology Installation Company Raises $7 Million (Series B)

By Amit Chowdhry ● Sep 12, 2024

National home technology installation and services company Daisy announced a $7 million Series B funding round, bringing the total investment to date to over $20 million in its first year. This funding round was led by Goldcrest and Bungalow, who also led the company’s Series A and seed rounds. The additional Series A investors joining this round include consumer-oriented investors Bullish and Burst Capital.

Circle Pharma: $90 Million (Series D) Raised For Improving Oral Macrocycle Therapies

By Amit Chowdhry ● Sep 12, 2024

Circle Pharma, a clinical-stage biopharmaceutical company focused on discovering and developing cell-permeable macrocycles as a new class of therapies, announced the successful closing of a $90 million Series D financing round - which includes the conversion of a convertible note. The Column Group led this funding with participation from new and existing investors, including Nextech Invest and Euclidean Capital.

Melodi Health: Medical Device Company Secures $10.75 Million (Series A)

By Amit Chowdhry ● Sep 12, 2024

Medical device company Melodi Health announced two milestones: the closing of a $10.75 million oversubscribed Series A funding and the launch of the "ARIA" investigational device exemption (IDE) trial aimed at improving clinical outcomes for women undergoing breast reconstruction after mastectomy. The Series A investors include HM Venture Partners, Engage Venture Partners, Southeast Minnesota Capital Fund, and Three Bridges Private Capital.

Wingspire Equipment Finance: $2 Billion In Funding Volume Surpassed

By Amit Chowdhry ● Sep 12, 2024

Wingspire Equipment Finance announced a significant company milestone, surpassing $2 billion in funded transactions. This milestone validates the company's rapid growth and dedication to providing exceptional financial solutions for its clients.