Venture Capital

Xona: $19 Million Raised To Develop A Network Of Small Satellites

By Amit Chowdhry ● May 18, 2024

Xona Space Systems - a company that is developing a network of small satellites to provide high-precision navigation services - announced an oversubscribed $19 million Series A funding round led by Future Ventures and Seraphim Space. And new investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq also joined the round.

Arbelos Markets: Crypto Derivatives Liquidity Provider Raises $28 Million

By Amit Chowdhry ● May 17, 2024

Arbelos Markets, a principal liquidity provider in crypto derivatives markets, announced that it has raised $28 million in a mix of seed equity and debt financing led by Dragonfly Capital to build transparency-based trading infrastructure and offer bilateral and on-exchange liquidity in options and futures products. The investment firms Room40 Ventures, Selini Capital and Breed VC, corporate partners FalconX, Circle Ventures, Paxos, P2 Ventures (formerly Polygon Ventures), Deribit, Chorus One, StarkWare and Immutable, and angel investors at Aevo, Cega, Talos, Amberdata, and Framework also participated in the significantly oversubscribed round. Arbelos Markets was founded in 2023 by veteran industry operators and derivative traders Joshua Lim and Shiliang Tang.

Averto Medical: $30 Million Secured To Pioneer Minimally Invasive Gastrointestinal Care Medical Devices

By Amit Chowdhry ● May 17, 2024

Averto Medical, a clinical-stage medical device company pioneering minimally invasive gastrointestinal care, announced the closing of an oversubscribed $30.5 million Series A financing. Cormorant Asset Management led the financing, which was participated in by Venrock Healthcare Capital Partners, LifeSci Venture Partners, CVF, and other investors.

CoreWeave: $7.5 Billion Debt Financing Facility Signed

By Amit Chowdhry ● May 17, 2024

AI hyperscaler company CoreWeave announced it has signed a definitive agreement for a $7.5 billion debt financing facility led by funds managed by Blackstone, with strategic participation from Magnetar (Co-Lead Investor) and Coatue. The participation in the funding also included Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp. This new funding will be used to develop further CoreWeave's growing fleet of high-performance computing to execute existing contracts with leading enterprise customers and AI innovators.

Altera: $9 Million Secured To Build ‘Digital Human Beings’

By Amit Chowdhry ● May 17, 2024

Altera, a company pushing the boundaries of artificial intelligence (AI) by creating digital human beings, announced it has closed a $9 million seed round. This funding round brings the total to $11.1 million since the company was founded in December 2023. Patron and First Spark Ventures co-led the round, joining a renowned list of investors that includes a16z SPEEDRUN, gaming industry veteran and investor Mitch Lasky, co-founder of Valorant Stephen Lim, Supercell executive board member Greg Harper, Duolingo CBO Bob Meese, Vertex Pharma co-founder Rich Aldrich, Vamos Ventures, Alumni Ventures, and others.

ChangeEngine: Internal Marketing And People Design Platform Company Raises $10 Million

By Amit Chowdhry ● May 17, 2024

ChangeEngine, an internal marketing and people design platform that enables companies to deploy best-in-class programs without requiring employees to log in to separate systems, has raised $10 million in Series A funding. This funding round was led by Threshold Ventures and joined by Struck Capital and Bonfire Ventures. And ChangeEngine also welcomed Josh Stein and Adam Struck to its Board of Directors.

Metabolon Raises $60 Million In Growth Capital From Trinity Capital

By Amit Chowdhry ● May 17, 2024

Trinity Capital, a leading provider of diversified financial solutions to growth-stage companies, announced the commitment of $60 million in growth capital to Metabolon - a global leader in providing metabolomics solutions advancing a wide variety of life science research, diagnostic, therapeutic development, and precision medicine applications.

CoLab Software: $21 Million Secured To Help Hardware Teams Accelerate Product Development

By Amit Chowdhry ● May 17, 2024

CoLab Software, a company building collaboration solutions for mechanical engineering and hardware development teams, announced a fully subscribed Series B round with $21 million funding round. And Insight Partners led the round, with participation from existing major investors, including Y Combinator, Killick Capital, and Pelorus VC.

Sigma: $200 Million Raised To Redefine Business Intelligence

By Amit Chowdhry ● May 17, 2024

Sigma, the cloud analytics solution built natively for cloud scale, announced it has raised $200 million in Series D funding to continue transforming BI through its innovations in AI infrastructure, data application development, enterprise-wide collaboration, and business user adoption.

Thomson Reuters Ventures: An Interview With Managing Director Tamara Steffens

By Amit Chowdhry ● May 17, 2024

Thomson Reuters Ventures (TRV) is a venture firm that invests in companies at the seed and series A stages building in tax, legal, fraud, risk, compliance, insurtech, and fintech. The firm has the full backing and resources of Thomson Reuters. Pulse 2.0 interviewed Thomson Reuters Ventures Managing Director Tamara Steffens to learn more about the firm.

Expanso Raises Strategic Investment From Samsung Next

By Amit Chowdhry ● May 17, 2024

Expanso, a distributed computing company based in Seattle, Washington, has secured a strategic investment from Samsung Next, signaling major ambitions to transform how data is managed and processed worldwide. Expanso, launched in early 2023 by tech veteran and former Kubernetes Product Lead David Aronchick, announced its closed financing from Samsung Next (the electronics giant’s venture capital arm).

Yendo: Vehicle-Secured Credit Card Company Raises $165 Million

By Amit Chowdhry ● May 17, 2024

Yendo, the company that created the first-ever vehicle-secured credit card, announced the closing of $150 million in debt financing led by i80 Group. The funding will be used to fuel customer growth, introduce new products and expedite the expansion of the company’s offerings across all 50 states.

Phenomix Sciences: $7.8 Million Raised To Bring Data Intelligence To Obesity Treatment

By Amit Chowdhry ● May 17, 2024

Phenomix Sciences, a precision medicine biotechnology company bringing data intelligence to the treatment of obesity, announced it raised $5.5 million in Series A funding from new investors, DexCom and Labcorp, and existing investors, including Health2047. And the company has also been awarded a $2.3 million Phase II Small Business Innovation Research (SBIR) Grant through the National Institutes of Health (NIH).