Venture Capital

Drip Capital: Trade Finance Platform Raises $113 Million

By Amit Chowdhry ● Sep 6, 2024

Drip Capital, a leading digital platform for trade finance, announced it has secured $113 million in new funding. And this includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank.

The Demex Group: Reinsurance Solution Company Raises $10.25 Million (Series A)

By Amit Chowdhry ● Sep 6, 2024

The Demex Group, which is a risk analytics and intelligence company that facilitates innovative stop-loss reinsurance protection, announced it has raised $10.25 million through a Series A and previously closed SAFE funding round led by Congruent Ventures and included Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital.

Sedric AI: $18.5 Million (Series A) Closed To Advance Compliance Platforms For Financial Institutions

By Amit Chowdhry ● Sep 6, 2024

Sedric AI, a pioneering compliance-dedicated AI platform for financial institutions, announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. This funding round - which was led by Foundation Capital with participation from Amex Ventures - brings the total amount raised by the company to date to $22 million. This funding will be used to grow Sedric's AI lab in Tel Aviv and expand its global go-to-market teams.

Switch Bioworks: $17 Million (Seed) Raised To Develop New Biological Fertilizer Technology

By Amit Chowdhry ● Sep 6, 2024

Switch Bioworks, a biotechnology company that is developing low-cost and sustainable fertilizers, announced it raised $17 million in Series Seed financing led by Change Forces Capital and joined by Grantham Foundation, Astanor Ventures, Acre Venture Partners, Anthos Capital, Thia Ventures, Emerson Collective, the farmer-led Ag Ventures Alliance and others.

Calyxia: B2B Cleantech Company Raises $35 Million (Series B)

By Amit Chowdhry ● Sep 6, 2024

Calyxia, an industrial B2B cleantech company specializing in advanced and biodegradable microcapsules and microparticles for use in consumer goods, crop protection and advanced materials, announced that it has raised $35 million in a Series B funding round. The funding round was led by Lombard Odier Investment Managers, through its Plastic Circularity Fund and Bpifrance, through its Large Venture Fund, with strong support from existing investors including Astanor.

3DEO: $3.5 Million Strategic Investment Raised From Mizuho Bank

By Amit Chowdhry ● Sep 6, 2024

Los Angeles-based design, engineering, and metal additive manufacturing (AM) leader 3DEO announced a strategic investment from Mizuho Bank, a Japan-headquartered global financial institution committed to fostering innovation and sustainability. This funding emphasizes Mizuho's dedication to advancing the adoption of AM technologies and supporting 3DEO's efforts to unlock new product design and development opportunities.

Faraday Future: $30 Million In Financing Commitments Revealed

By Amit Chowdhry ● Sep 6, 2024

Faraday Future, a California-based global shared intelligent electric mobility ecosystem company, announced that it has secured $30 million in financing commitments from investors in the Middle East, the United States, and Asia. The participation from a Middle East investor, Master Investment, an investment firm of Sheikh Abdulla Al Qassimi from Ras Al Khaimah, the UAE represents a significant milestone, emphasizing the company’s successful expansion and development efforts in the region.

OrsoBio: $67 Million (Series B) Secured To Develop Treatments For Obesity

By Amit Chowdhry ● Sep 6, 2024

OrsoBio - a clinical-stage biopharmaceutical company developing treatments for obesity and obesity-associated disorders - announced the closing of an oversubscribed $67 million Series B financing. The funding was co-led by new investors Ascenta Capital and Woodline Partners, with significant participation from existing investors Samsara Biocapital, Longitude Capital, Enavate Sciences, NuevaBio, and Eli Lilly.

Agree: $3 Million (Pre-Seed) Raised To Transform How Contracts And Payments Come Together

By Amit Chowdhry ● Sep 6, 2024

Agree, an all-in-one agreements platform that seamlessly integrates money movement, announced a $3 million pre-seed round. Better Tomorrow Ventures led the funding round, which included participation from 8-Bit Capital, Everywhere Ventures, Expedite Ventures, Firsthand Alliance, Hustle Fund, NEA, Singh Capital Partners, and Trust Fund. With this funding, the company aims to become an end-to-end agreements platform that allows consumers to securely send, sign, and automatically generate invoices and payments from any agreement.

Inventive AI: RFP Optimization Platform Raises $4 Million (Seed)

By Amit Chowdhry ● Sep 6, 2024

Inventive AI, an AI-based tool for streamlining and optimizing RFP (Request for Proposal) and sales questionnaire workflows, announced the successful closure of its seed funding round, raising $4 million. Sierra Ventures led this funding round, which included Y Combinator, SOMA Capital, and General Catalyst. The funding will accelerate Inventive AI's goal of enhancing RFP processes through generative AI, empowering businesses to respond more effectively and efficiently to RFPs and questionnaires.

Tilt: Real-Time Shopping Platform Company Raises $18 Million (Series A)

By Amit Chowdhry ● Sep 6, 2024

Tilt - a real-time shopping platform company - announced it raised $18 million in Series A funding. Balderton Capital led the Series A funding round with participation from existing investors TQ Ventures, Earlybird and Seedcamp. Launched by two early former Revolut employees Neil Shah and Abhi Thanendran, Tilt is a real-time shopping platform transforming the e-commerce space by becoming a leading destination for fashion.

GoldenPeaks Capital Closes Financing Facility With AB CarVal

By Amit Chowdhry ● Sep 6, 2024

GoldenPeaks Capital and AB CarVal (an established global credit fund and part of AllianceBernstein’s Private Alternatives business) have signed a bespoke junior financing facility. And GoldenPeaks Capital, which is one of the fastest growing independent power producers in Eastern Europe, will use these funds to finance further acquisition and construction of Ready-to-Build solar photovoltaic assets in Poland.

E-PAL: $30 Million Raised And Web3 Infrastructure Service BALANCE Launched

By Amit Chowdhry ● Sep 6, 2024

E-PAL, which is the world’s leading gaming and social companion platform, announced it has officially unveiled Balance (a new AI-powered blockchain experience platform) following two successful funding rounds led by Andreessen Horowitz (a16z) and Galaxy Interactive. These funding rounds also received support from prominent investors like Animoca Brands, K5, CLF Partners, MBK Capital, New Heights Fund, AMBER, MarbleX, Sky Mantra, Tuna, Aptos Labs, IOBC, Leland, Halcyon Capital, Uphonest, Taisu Ventures, Gate Labs, DWF Ventures, BING, WAGMI, YouTube co-founder Steve Chen, Riot Games CEO Marc Merrill, and League of Legends Director Thomas Vu. This brought E-PAL’s total funding to $30 million.

Mesa: Quantum Sensing Company Raises $3.75 Million (Seed)

By Amit Chowdhry ● Sep 6, 2024

Mesa Quantum - an innovative quantum sensing company - announced an oversubscribed seed funding of $3.7 million led by J2 Ventures, a Boston-based fund focused on dual-use technologies, with participation from SOSV.

Angel Kids AI: Kid-Friendly Browser Company Raises $1.1 Million (Seed Extension)

By Amit Chowdhry ● Sep 6, 2024

Angel Kids AI, an AI-based browser designed to provide children with a safe and age-appropriate internet experience, announced that they have raised an additional $1.1 million of funding in an extended seed round. This funding round was from three investors Magnify Ventures, City Light, and Atland Ventures and brought Angel Kids AI's total amount raised to $5.85 million. This additional funding will be used to accelerate Angel Kids AI's hiring, product development, and marketing initiatives.

Thatch: Personalized Health Benefits Platform Raises $38 Million (Series A)

By Amit Chowdhry ● Sep 5, 2024

Thatch - a personalized health benefits platform for forward-thinking businesses - announced it had raised $38 million in Series A funding. The round was led by Index Ventures and General Catalyst, and with new investors SemperVirens and The General Partnership, with participation from existing investors including Andreessen Horowitz (a16z) and Avid Ventures. This funding will drive Thatch's mission to correct an accident of history and decouple health insurance from employment.

Ara Partners Closes $335 Million Of Non-Recourse Financing For Magnet Manufacturing Facility

By Amit Chowdhry ● Sep 5, 2024

Private equity firm Ara Partners announced the successful closing of a $335 million non-recourse financing of a first-of-its-kind U.S. permanent magnet manufacturing facility, undertaken by Ara Partners and its portfolio company Vacuumschmelze (VAC). This deal marks a vital step in advancing the U.S. domestic supply chain for electric vehicles, aerospace and defense, renewable energy, etc.

Safe Superintelligence: $1 Billion Raised To Create Secure AI

By Amit Chowdhry ● Sep 5, 2024

Safe Superintelligence (SSI), a company founded by OpenAI co-founder Ilya Sutskever, has raised $1 billion in funding. This funding was provided by Andreessen Horowitz, Sequoia Capital, DST Global, SV Angel, and NFDG. NFDG is an investment partnership that is led by Nat Friedman and SSI CEO Daniel Gross. Sources with Reuters suggested that this funding was at a valuation of $5 billion.

Trestle: Vendor Risk Management Platform Raises $2.3 Million (Pre-Seed)

By Amit Chowdhry ● Sep 5, 2024

Trestle, which is a subcontractor and supplier data centralization and performance management solution for the construction industry, announced it has secured $2.3 million in pre-seed funding led by Lerer Hippeau with additional participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures.

Bain Capital Credit: $1.8 Billion Of Financing Investments Completed In First Half Of 2024

By Amit Chowdhry ● Sep 5, 2024

Global credit specialist Bain Capital Credit, LP announced that the firm’s Private Credit Group invested $1.8 billion to support the growth of middle market and private equity-backed companies during the first half of this year.

Create Wellness: Creatine-Based Products Company Raises $5 Million (Series A)

By Amit Chowdhry ● Sep 5, 2024

Create Wellness - a leader in creatine-based products - announced it has raised $5 million in a Series A funding round led by Unilever Ventures. This latest round brings the company's total funding to $7.3 million. The funding will accelerate Create's mission to bring the benefits of proper creatine supplementation to a wider audience.

Prime Healthcare Services: $1.5 Billion In Financing Completed

By Amit Chowdhry ● Sep 5, 2024

Prime Healthcare Services - one of the nation's leading health systems with 44 award-winning hospitals in 14 states - announced the successful closing and funding of $1.5 billion Senior Secured Notes due 2029.

threatER: Cybersecurity Company Raises Growth Capital From CIBC Innovation Banking

By Amit Chowdhry ● Sep 5, 2024

CIBC Innovation Banking announced that it has provided a growth capital financing facility to threatER, a cyber defense category leader focused on eliminating cyber threats before they reach the network. This growth capital will facilitate threatER’s scale-up as they aim to help medium-sized businesses and enterprises, especially in financial services, healthcare and legal, protect their business from cyberattacks and increasingly sophisticated digital bad actors.

Oxylus Energy: E-Fuel Production Company Raises $4.5 Million (Seed)

By Amit Chowdhry ● Sep 5, 2024

Oxylus Energy, a developer of a novel carbon utilization technology for the production of e-fuels, announced the closing of its $4.5 million Series Seed investment, which was co-led by Toyota Ventures and Azolla Ventures and participated in by Earth Foundry and Connecticut Innovations.

LightForce: Orthodontics-Focused Company Raises $50 Million From Trinity Capital

By Amit Chowdhry ● Sep 5, 2024

Trinity Capital - a leading provider of diversified financial solutions to growth-oriented companies - announced the commitment of $50 million in growth capital to LightForce, makers of the world's first fully personalized 3D-printed braces system. And LightForce specializes in personalized orthodontics, focusing on the development and production of 3D-printed dental brackets.

Deutsche Bank And First Citizens Closes $315.7 Million To Finance 4 Texas-Based Battery Projects

By Amit Chowdhry ● Sep 4, 2024

Today Deutsche Bank and First Citizens Bank announced they served as co-lead arrangers on a $315.7 million financing for four battery energy storage systems in Texas.

You.com: AI-Based Productivity Engine Company Secures $50 Million (Series B)

By Amit Chowdhry ● Sep 4, 2024

Today AI-based productivity engine You.com announced a $50 million Series B funding round led by Georgian. This funding round included participation from Salesforce Ventures, NVIDIA, SBVA (formerly Softbank Ventures Asia), DuckDuckGo, and Day One Ventures, bringing You.com’s total funding to $99 million.

Revefi: AI Data Engineer Company Closes $20 Million (Series A) And Launches Raden

By Amit Chowdhry ● Sep 4, 2024

Today Revefi announced that it has raised $20 million in a Series A funding. This funding round was led by Icon Ventures, with participation from Mayfield, GTM Capital and StepStone Group.

ArsenalBio: $325 Million (Series C) To Enhance Programmable Cell Therapy Programs

By Amit Chowdhry ● Sep 4, 2024

Arsenal Biosciences, a clinical-stage programmable cell therapy company focused on engineering advanced CAR T-cell therapies for solid tumors, announced today the closing of an oversubscribed $325 million Series C financing round.

eGenesis: $191 Million (Series D) Secured To Develop Engineered Organs For Addressing Transplant Shortages

By Amit Chowdhry ● Sep 4, 2024

eGenesis, a biotechnology company that is developing human-compatible engineered organs to address the global organ shortage, announced today the closing of a $191 million Series D financing. The funding was led by Lux Capital, with participation from existing investors ARCH Ventures, Khosla Ventures, Farallon Capital Management, Alta Partners, Fresenius Medical Care Ventures, and Leaps by Bayer, and new investors DaVita, Eisai Innovation, NATCO Pharmaceuticals, and Parkwood Corporation.