Venture Capital

Frazier Life Sciences: Over $630 Million Added To Evergreen Public Fund

By Amit Chowdhry ● Oct 4, 2024

Frazier Life Sciences (FLS), a healthcare investment firm focused on innovative therapeutics, announced it has closed on over $630 million in capital commitments to its evergreen Public Fund from new and existing investors in an oversubscribed fundraise.

Valerion: University Of Michigan-Based Battery Technology Company Raises Funding From HEST Investments Partners

By Amit Chowdhry ● Oct 4, 2024

HEST Investments—a Dallas-based venture capital family office known for its commitment to disruptive ventures—announced a recent investment in Valerion, a battery technology company based at the University of Michigan. This funding, which was finalized in June 2024, marks a notable moment in HEST Investments' ongoing mission to drive transformative change in science and technology.

Idea Financial Raises $50 Million Warehouse Facility

By Amit Chowdhry ● Oct 4, 2024

Idea Financial, a leading provider of small business lines of credit, announced the closing of a new $50 million warehouse facility led by Performance Trust Capital Partners. This move significantly enhances Idea Financials' lending capacity and allows the company to increase its maximum loan limit to $350,000 for well-established small businesses.

DCVC Raises Over $700 Million To Invest In A Healthier Planet

By Amit Chowdhry ● Oct 4, 2024

DCVC announced it has closed over $700 million in new funds for a healthier planet and lives. The firm has committed to achieving venture-scale returns from companies whose success would bring humanity greater resilience, abundance, and equitability for investors.

Rogo: Secure Enterprise AI Platform Raises $18.5 Million (Series A)

By Amit Chowdhry ● Oct 4, 2024

Rogo - a secure enterprise AI platform built by and for finance professionals - announced an $18.5 million Series A funding round led by Khosla Ventures, with participation from Mantis VC, Jack Altman (CEO of Lattice and founder of Altman Capital), Eric Schmidt (former CEO of Google), and others. Keith Rabois (General Partner at Khosla Ventures, CEO of OpenStore, and four-time Midas List awardee) joins Rogo's Board of Directors. This round brings Rogo's total funding to $26 million.

HPC-AI Tech: $50 Million (Series A) Closed For Enhancing Video Generation AI

By Amit Chowdhry ● Oct 4, 2024

HPC-AI Tech, an AI startup specializing in AI Software Infrastructure and Video Generation, announced it has raised $50 millionSeries A funding round. The company’s investors include prominent names such as Singtel Innov8, Sinovation Ventures, Capstone Capital, Greater Bay Area Homeland, Lingfeng Capital, and Stony Creek Capital, positioning the company for rapid growth in the AI space.

Thoma Bravo To Buy Majority Stake in USU Product Business

By Amit Chowdhry ● Oct 3, 2024

Leading software investment firm Thoma Bravo announced the acquisition of a majority stake in USU Product Business. Combining Thoma Bravo's extensive experience and global software investment expertise with USU's product portfolio is expected to accelerate the company's growth trajectory and enhance its ability to deliver innovative solutions to customers. And USU Product will continue to operate under the leadership of its existing management team. Benjamin Strehl, currently Co-CEO of USU Software AG, will become CEO of USU Product and Bernhard Oberschmidt will join the board of directors.

Nym: Autonomous Medical Coding Engine Raises $47 Million

By Amit Chowdhry ● Oct 3, 2024

Autonomous medical coding leader Nym announced a $47 million growth investment led by PSG (a leading growth equity firm specializing in partnering with software and technology-enabled services companies). And this new funding includes participation from existing and new investors including Google Ventures, Addition, Samsung Next and Dynamic Loop Capital.

Eon: Next-Gen Cloud Backup Solution Company Secures $127 Million

By Amit Chowdhry ● Oct 3, 2024

Eon, a next-generation cloud backup solution, announced its launch from stealth, and the company raised a total of $127 million in funding. This first backup autopilot for the age of cloud infrastructure and Eon monitor cloud resource sprawl and bring cloud backup posture management (CBPM) to enterprises. Eon also replaces legacy backup tools and generic snapshots, transforming backups into useful, easy-to-manage assets.

JOYA: Skin Health And Wellness Benefit Platform Company Raises $5 Million (Seed)

By Amit Chowdhry ● Oct 3, 2024

JOYA, which is the first employee skin health and wellness benefit platform, announced its emergence from stealth mode with $5 million in seed funding from LUX Capital, Mosaic General Partnership, Arsama Trust, and Joyance Partners. This funding round will support team expansion, product development, market growth, and increased access to providers. Additionally, Dr. Neshat and Fatima Husain will join JOYA’s Board of Directors.

Surescripts Signs Strategic Partnership With TPG

By Amit Chowdhry ● Oct 3, 2024

Surescripts, the nation’s leading health information network, announced that TPG will join the ownership group as a majority investor. And TPG is investing in Surescripts through TPG Capital, the firm’s U.S. and European private equity platform.

Avantra Raises Funding From Resurgens Technology Partners

By Amit Chowdhry ● Oct 3, 2024

Resurgens Technology Partners (RTP), a private equity firm focused on investing in North American and European software companies announced an investment in Avantra, a European provider of software solutions for monitoring and automating SAP operations.

Salient Motion: Aerospace And Defense Component Supplier Raises $12 Million

By Amit Chowdhry ● Oct 3, 2024

Salient Motion, an aerospace and defense component supplier, announced it has closed $12 million in total funding, preseed and seed rounds, to transform the design and manufacturing of critical motion control components. This funding was led by Cantos Ventures, with participation from Andreessen Horowitz, AE Ventures, Hummingbird Ventures, and BoxGroup.

Vector Capital: Mini VC Aims To Mobilize $1 Billion For 100,000 Mom-And-Pop Shops

By Amit Chowdhry ● Oct 3, 2024

Vector Capital Solutions, a leader in AI-powered financial solutions, announced an upcoming Mini Venture Capital Program, an innovative funding model designed to tackle the systemic inefficiencies in capital markets and provide sustainable growth opportunities for small businesses.

xtype: ServiceNow-Focused Multi-Instance Management Platform Raises $21 Million (Series A)

By Amit Chowdhry ● Oct 3, 2024

xtype - a leading software company for multi-instance management on the ServiceNow platform, announced it had raised a $21 million Series A funding round led by Norwest Venture Partners, with participation from ServiceNow Ventures and existing investors including Columbia Capital and Inner Loop Capital. This milestone marks a significant leap forward in xtype's mission to revolutionize how organizations manage their ServiceNow environments.

Thread AI: $6 Million (Seed) Raised To Make Infrastructure Simple For Enterprises

By Amit Chowdhry ● Oct 3, 2024

Thread AI, a new company founded by former Palantir AI Product and Engineering leads Angela McNeal and Mayada Gonimah, emerged from stealth to announce the launch of its composable AI infrastructure platform Lemma. And this AI workflow solution brings together disparate or previously incompatible systems into one observable, robust, and secure place so that enterprises can effectively implement and execute with AI.

Gateway Fleets Raises Funding From Partners Group

By Amit Chowdhry ● Oct 3, 2024

Partners Group - one of the largest firms in the global private markets industry (acting on behalf of its clients) - has invested in Gateway Fleets, a provider of electrification solutions for logistics fleet operators in the US. And Partners Group is acquiring a controlling stake in Gateway and will provide significant capital to support its future growth.

Accel-KKR Buying Revenue Cycle Analytics Provider VisiQuate

By Amit Chowdhry ● Oct 3, 2024

VisiQuate is a leading provider of advanced revenue cycle analytics and AI-powered workflow automation software, dramatically improves performance and reduces process waste. And for nearly two decades, VisiQuate partnered with hospitals and health systems to markedly improve their top and bottom line.

PayRange Receives Strategic Growth Investment From Ridgeview Partners

By Amit Chowdhry ● Oct 3, 2024

Growth-oriented technology private equity firm Ridgeview Partners - in partnership with The Baupost Group -announced it has agreed to make a significant strategic growth investment in PayRange, a leading provider of IOT software and payment solutions for unattended retail. Founder and CEO Paresh Patel will continue to lead the company and will retain a significant ownership position.

Hartree Partners And Sprague Closes $662.5 Million Credit Facility

By Amit Chowdhry ● Oct 2, 2024

Hartree Partners and subsidiary Sprague Operating Resources announced the closing of a $662.5 million senior secured acquisition credit facility. This three-year facility—which has two one-year extension options—was built to support Hartree’s capital expenditures, liquidity needs, and future acquisition growth.

Dexory: Robotics And Data Intelligence Company Raises $80 Million

By Amit Chowdhry ● Oct 2, 2024

Dexory, a leading robotics and data intelligence company, announced it closed an $80 million Series B funding round. The round was led by DTCP and included participation from Latitude Ventures, Wave-X, and Bootstrap Europe, as well as existing investors Atomico, Lakestar, Capnamic, and several angels from the logistics industry. DTCP’s Michael Rager joined Dexory’s board of directors as part of this investment.

Idea Financial: $50 Million Warehouse Facility Secured To Expand Small Business Lending

By Amit Chowdhry ● Oct 2, 2024

Idea Financial, a leading provider of small business lines of credit, today announced the closing of a new $50 million warehouse facility led by Performance Trust Capital Partners. This strategic deal significantly enhances Idea Financial's lending capacity and allows the company to increase its maximum loan limit to $350,000 for well-established small businesses.

Impulse Space: In-Space Transportation Services Company Raises $150 Million (Series B)

By Amit Chowdhry ● Oct 2, 2024

Impulse Space, a leader in developing in-space transportation services, announced a $150 million Series B funding round led by Founders Fund. The round also included participation from other returning investors like Lux Capital and Spring Tide and attracting new investors, such as DCVC. Other participants in the funding round included Airbus Ventures, Alumni Ventures, Balerion Space Ventures, RTX Ventures, Tamarack Global, 137 Ventures, Elysium, First Principles Group, Island Green, Overmatch, and Trousdale Ventures.

Ostia Sciences: University Of Toronto Spinout Raises Over C$1 Million

By Amit Chowdhry ● Oct 2, 2024

Ostia Sciences, a spinout from the University of Toronto specializing in oral and respiratory microbiome solutions, announced it has raised over C $1 million in its seed round and secured full intellectual property (IP) transfer from the university.

Lucky Energy: Better-For-You Energy Drink Company Secures $11.75 Million (Series A)

By Amit Chowdhry ● Oct 2, 2024

Lucky Energy, a simpler and better-for-you energy drink company, announced the closing of an oversubscribed $11.75 million Series A led by Brand Foundry Ventures with additional investment from Imaginary Ventures, Sapphire Sport, and Sugar Capital, among others.

Gallant Capital Partners: Fund II Closed At $406 Million

By Amit Chowdhry ● Oct 2, 2024

Los Angeles-based Gallant Capital Partners announced the final closing of Gallant Capital Partners Fund II (GCP II) at $406 million, a meaningful increase over Gallant’s first fund. Gallant was launched in 2018 and has completed over 30 transactions to date with over $1.2 billion in assets under management.

Air Doctor: Travel Health Company Secures $20 Million (Series B)

By Amit Chowdhry ● Oct 2, 2024

Travel health leader Air Doctor announced that it has raised $20 million in series B funding in a round led by aMoon. Participation came from strategic investors Tokio Marine Holdings and Samsung Ventures (SVIC) and current shareholders Lightspeed Venture Partners, Vintage Investment Partners, Phoenix Insurance, and Munich Re Ventures.

DocJuris: AI Contract Company Raises Series A Funding

By Amit Chowdhry ● Oct 2, 2024

DocJuris, a leader in AI contract review, announced the closing of its Series A funding round, raising $8 million in new capital, bringing the total capital raised to date to $11.2 million. Silverton Partners, the most active venture capital firm in Texas, led the funding round, with participation from previous investors Watertower Ventures, Surface Ventures, and Seed Round Capital.

thebad.company Working With WeFunder In Raising $250 Million

By Amit Chowdhry ● Oct 2, 2024

Colorado-based venture studio, business accelerator, and investment group thebad.company announced a noteworthy partnership with WeFunder, aimed at raising $250 million over the next ten years. And the funds will be used to solve Colorado's critical challenges, focusing on workforce readiness, reshoring manufacturing, and transforming the artificial intelligence (AI) landscape.

SmartSKN: $7 Million Deal Signed With LillyCover Korea

By Amit Chowdhry ● Oct 2, 2024

AI-based beauty solutions leader SmartSKN partnered with LillyCover, a pioneer in Korean skincare technology. This $7 million deal grants SmartSKN exclusive rights to introduce AI-driven skincare robots to the U.S. market, combining the best of K-beauty with cutting-edge AI skincare personalization.