Venture Capital

TrackLight: AI-Based Fraud Detection And Prevention Company Raises $3 Million

By Amit Chowdhry ● Jun 28, 2024

TrackLight, an AI-based fraud detection and prevention company, announced the launch of a groundbreaking platform for combating fraud across government and corporate sectors. And the company also revealed a $3 million seed funding investment, led by BarronKent and Growth Factory, to accelerate TrackLight’s platform development, sales, and marketing efforts.

Rapafusyn Pharmaceuticals: $28 Million Series A Funding Raised To Develop Therapeutic Drugs Based On Non-Degrading Molecular Glues

By Amit Chowdhry ● Jun 28, 2024

Rapafusyn Pharmaceuticals, a leader in the discovery and development of therapeutic drugs based on non-degrading molecular glues, announced the initial closings of an extension of its Series A financing, bringing the total round to $28 Million. The funding was led by 3E Bioventures Capital and Proxima Ventures Ltd. with participation from Lapam Capital.

Elion Therapeutics: $81 Million Closed To Transform Treatment Of Life-Threatening Invasive Fungal Infections

By Amit Chowdhry ● Jun 28, 2024

Elion Therapeutics, a biotechnology company focused on transforming the treatment of life-threatening invasive fungal infections (IFIs), announced it has closed a $81 million Series B funding round led by Deerfield Management and the AMR Action Fund. Illinois Ventures was an additional investor.

Princeton NuEnergy: Lithium Ion Battery Recycling Company Secures $30 Million In Series A

By Amit Chowdhry ● Jun 28, 2024

Princeton NuEnergy (PNE), a leader in lithium-ion battery direct recycling furthering America's circular economy, announced it closed a Series A funding round with a strategic investment from Samsung Venture Investment (Samsung's corporate venture arm), investing in breakthrough technologies across industries and from Helium-3 Ventures. The investor demand for this 50% oversubscribed round brought PNE's Series A total to $30 million. Samsung Venture and Helium-3 join the round's previous investors, which includes Honda Motor, LKQ, SCG Group, Traxys Group, and Wistron.

Wilya: $4 Million Secured To Bring Flexible Workforce Solutions To The Manufacturing Sector

By Amit Chowdhry ● Jun 28, 2024

Wilya (formerly known as Gig and Take), a B2B SaaS company transforming traditional HR practices in the manufacturing and supply chain sectors, announced the successful closing of a $4 million seed funding round. This funding round was led by Ironspring Ventures, with participation from Schematic Ventures, Plug & Play Ventures, Iron Prairie Ventures, Motivate Ventures, and 25Madison.

OCON Therapeutics: $10 Million Raised To Advance Women’s Health With Advanced Drug Delivery Solutions

By Amit Chowdhry ● Jun 28, 2024

OCON Therapeutics, a company at the forefront of transforming drug delivery, announced the successful completion of a $10 million investment round. This funding round was led by RH Capital, with participation from Features Capital, Astia Angels, Exerte Partners, grants from the Israeli Innovation Authority and other business angels.

SoSoValue: Singapore-Based Crypto Research Company Raises $4.15 Million

By Amit Chowdhry ● Jun 28, 2024

SoSoValue, a Singapore-based crypto financial research startup, announced it has closed a $4.15 million seed funding round led by HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs. A Gitcoin co-founder, an Ethereum early investor, and founders of top Web3 and AI tech firms also joined the round.

BillionToOne: Molecular Diagnostics Company Raises $130 Million

By Amit Chowdhry ● Jun 28, 2024

BillionToOne, a next-generation molecular diagnostics company, announced that it has raised $130 million in an oversubscribed and upsized Series D round. This funding was led by Premji Invest, with significant participation by another incoming investor Neuberger Berman along with existing investors, including Adam Street Partners, Baillie Gifford, Hummingbird Ventures, Civilization Ventures, Libertus Capital, and Fifty Years.