Venture Capital

Cure51: €15 Million Secured To Advance Biological Mechanisms For Survivors Among Cancer Patients

By Amit Chowdhry ● Mar 21, 2024

Cure51 - a biotech company looking to unlock the biological mechanisms responsible for exceptional survivors among cancer patients - announced it has successfully raised €15 million in a seed funding round led by Sofinnova Partners. Other investors in this round include Hitachi Ventures GmbH, Life Extension Ventures, Xavier Niel, and Olivier Pomel (CEO and co-founder of Datadog).

Mermaid Chart: $7.5 Million Raised For Reinventing Visual Collaboration For Enterprises

By Amit Chowdhry ● Mar 21, 2024

Mermaid Chart, a company offering text-based diagramming and workflow management tools, announced it has raised $7.5 million in seed funding. This funding milestone comes after the company unveiled its first line of enterprise products, designed to help professionals across industries better communicate, collaborate, and solve business problems through visuals and diagrams.

Dryad Networks: Early Wildfire Detection Company Raises €5.6 Million In Convertible Financing

By Amit Chowdhry ● Mar 21, 2024

Dryad Networks - a company that pioneered ultra-early wildfire detection technology - announced the successful initial closing of €5.6 million in a convertible financing round, with a total round size of up to €10 million.

Anima: Care Enable Platform Raises $12 Million

By Amit Chowdhry ● Mar 21, 2024

Anima - a next-generation care enablement platform - announced it raised $12 million in Series A funding. This funding round was led by Molten Ventures, with participation from existing investors Hummingbird Ventures, Amino Collective, Y Combinator, and new angel investors, including Sidar Sahin (founder of Peak Games).

Capstan Therapeutics: $175 Million Raised To Advance Reprogramming Of Cells Through RNA Delivery

By Amit Chowdhry ● Mar 21, 2024

Capstan Therapeutics - a biotechnology company focused on advancing in vivo reprogramming of cells through RNA delivery using targeted lipid nanoparticles (tLNP) - announced the successful closing of a $175 million oversubscribed Series B financing.

Pocket FM: Audio Entertainment Platform Company Raises $103 Million

By Amit Chowdhry ● Mar 21, 2024

Pocket FM, a leading audio entertainment platform company, announced that it has raised $103 million in Series D funding. Lightspeed led this round, which StepStone Group participated in. Including this round, Pocket FM has raised $196.5 million in total funding.

CyberSaint: Cyber Risk Management Company Closes $21 Million

By Amit Chowdhry ● Mar 21, 2024

Cyber risk management company CyberSaint announced that it has raised $21 million in Series A funding, led by Riverside Acceleration Capital (RAC). Additional investors include Sage Hill Investors, Audeo Capital, and BlueIO.

Firestorm Labs: Unmanned Aerial System Manufacturer Raises $12.5 Million

By Amit Chowdhry ● Mar 21, 2024

Firestorm Labs - a California-based Unmanned Aerial System (UAS) manufacturer leader that is manufacturing expeditionary additive manufacturing - announced it raised $12.5 million in seed investment by Lockheed Martin Ventures and prominent defense investors.

Ascent: Financial Portability Solutions Company Raises $5.3 Million

By Amit Chowdhry ● Mar 21, 2024

Ascent Platform - a leader in financial portability solutions for banks and credit unions - announced that it has raised $5.3 million in venture funding. Foundation Capital, TruStage Ventures Discovery Fund, Alloy Labs, Reseda Group, and other investors led the round.

Inevitable Games Fund: A $100 Million Fund Launched By King River Capital, Immutable, And Polygon Labs

By Amit Chowdhry ● Mar 21, 2024

Immutable and King River Capital, assisted by Polygon Labs, have combined forces to launch the Inevitable Games Fund (IGF).

Euno: Frictionless Data Governance Company Raises $6.25 Million

By Amit Chowdhry ● Mar 21, 2024

Euno announced it raised $6.25 million in seed funding and emerged from stealth. This seed funding round was led by 10D with participation from INT3 – two leading early-stage Israeli funds investing in enterprise software. The funding round also included notable angel investors, including Barr Moses (co-founder and CEO at Monte Carlo), Lior Gavish (co-founder and CTO at Monte Carlo), and Yoni Broyde (former co-founder and CEO at Alooma). The advisory board includes Mark Nelson (Venture Partner at Madrona and former CEO and President at Tableau) and Tatsiana Maskalevich (Director of Data Science and Engineering at Netflix).

Flosonics Medical: Wearable Medical Ultrasound Company Raises $20 Million

By Amit Chowdhry ● Mar 21, 2024

Flosonics Medical - a leader in wearable medical ultrasound - announced a Series C funding round at $20 million. The funding round was led by New Leaf Venture Partners, with participation from previous investors Arboretum Ventures, Genesys Capital, and iGan Partners.

Tempo Therapeutics: Tissue Engineering And Regenerative Medicine Raises $12 Million

By Amit Chowdhry ● Mar 21, 2024

Tempo Therapeutics - an innovator in tissue engineering and regenerative medicine - announced the successful completion of its $12 million Series A equity funding round, led by Galaxy-Sirius Partners and Johnson & Johnson Innovation – JJDC, Inc. (JJDC).

Kester Capital: Oversubscribed Third Fund Closed At £200 Million

By Amit Chowdhry ● Mar 21, 2024

Kester Capital, a leading UK lower mid-market private equity firm, announced the successful final closing of its latest fund, Kester Capital III. The fund, which was oversubscribed, exceeded its target of £150 million and closed at its hard cap of £200 million, more than double the size of its predecessor fund.

B Capital: Opportunities Fund II Closed At $750 Million

By Amit Chowdhry ● Mar 21, 2024

Global multi-stage investment firm B Capital announced the closing of B Capital Opportunities Fund II, L.P., with aggregate capital commitments of $750 million. This is nearly double the size of its predecessor, B Capital Opportunities Fund I.

O2 Investment Partners Names Thomas Girdler As Senior Associate

By Amit Chowdhry ● Mar 20, 2024

O2 Investment Partners announced that it had appointed Thomas Girdler as the firm’s newest Senior Associate. Girdler will oversee new transactions, due diligence, underwriting, and working with O2’s portfolio companies.

HyperPlay: Web3-Native Game Company Raises Funding From Square Enix

By Amit Chowdhry ● Mar 20, 2024

HyperPlay - a Web3-native game store that also aggregates the Epic Games Store - announced that Square Enix has joined the roster of gaming heavyweights that have invested in HyperPlay - to launch collaborations with the growing game store.

Comvest Partners: Sixth Flagship Private Equity Fund Closed At $881 Million

By Amit Chowdhry ● Mar 20, 2024

Comvest Partners (a leading middle-market private equity and credit investment firm) announced the final closing of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (CIP VI), with total capital commitments of $881 million.

Portal Biotechnologies: Cell Engineering Platform Company Raises $5 Million

By Amit Chowdhry ● Mar 20, 2024

Cell engineering platform company Portal Biotechnologies announced a $5 million pre-seed round led by Pear VC, with participation from Conscience VC and 10x Capital. Armon Sharei, Ph.D., the founder and former CEO of SQZ Biotechnologies, founded Portal Biotechnologies.

Moove: Mobility Fintech Company Raises $100 Million At $750 Million Valuation

By Amit Chowdhry ● Mar 20, 2024

Moove - a global mobility fintech company that democratizes access to vehicle ownership for mobility entrepreneurs - announced that it had raised $100 million in a Series B funding round. This funding round values the company at $750 million. Uber invested in this round alongside Mubadala, which led Moove’s previous funding round last year. Other investors participating in the round also included The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa.

Oceans Equity: Seasoned Investor Josh Bilmes Launches New PE Firm

By Amit Chowdhry ● Mar 20, 2024

Oceans Equity is a new Miami-based private equity firm that is committed to transforming potential into progress. With an emphasis on service businesses and niche product companies, Oceans Equity will accelerate sustainable growth through genuine collaboration.

Lumino: AI Infrastructure Company Raises $2.8 Million

By Amit Chowdhry ● Mar 19, 2024

AI infrastructure company Lumino announced that it has raised a $2.8 million pre-seed funding round. This funding round included Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity.

Innatera: Power Neuromorphic Processor Company Secures €15 Million

By Amit Chowdhry ● Mar 19, 2024

Ultra-low-power neuromorphic processor leader Innatera announced it raised €15 million in Series A funding from Invest-NL Deep Tech Fund, the EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises. This funding will accelerate mass production, broaden application offerings, and expand customer engagement.

G2 Reverse Logistics: Net Recovery Company Secures $9.6 Million

By Amit Chowdhry ● Mar 19, 2024

Net recovery company G2 Reverse Logistics announced $9.6 million in seed funding led by Dell Technologies Capital. The funding round will enable sales and marketing investments to drive global growth strategies.

Agora Data Reveals $400 Million In New Funding Capacity Raised

By Amit Chowdhry ● Mar 19, 2024

Agora Data - a fintech company with a goal of enabling any car dealer to be a finance company by offering technology, capital, and guidance with predictable loan performance and analytics started this year with the successful closing of multiple company financial milestones.

Engrail Therapeutics: $157 Million Raised To Develop Transformational Therapies

By Amit Chowdhry ● Mar 19, 2024

Engrail Therapeutics - a precision neuroscience company focusing on developing transformational therapies to improve patients' lives - announced the closing of an oversubscribed $157 million Series B financing round. The funding round was co-led by new investors F-Prime Capital, Forbion, and Norwest Venture Partners, with participation from RiverVest Venture Partners, Red Tree Venture Capital, funds managed by abrdn, Ysios Capital, Longwood Fund, Eight Roads Ventures, and existing investor Pivotal Life Sciences.

IVP: 18th Fund Closed At $1.6 Billion

By Amit Chowdhry ● Mar 19, 2024

Venture capital firm IVP announced closing its 18th fund at $1.6 billion. The firm said that this fund is closing during a sweeping technological shift with AI at a time when capital markets are resetting. These periods create significant opportunities for companies with product market fit and organic momentum.

Coterie: Insurtech MGA Company Raises $27 Million

By Amit Chowdhry ● Mar 19, 2024

Coterie - an insurtech MGA making small business insurance easier - announced a raise of $27 million in a new funding round. The oversubscribed funding round includes new investments from Hiscox and existing investors such as Intact Ventures, Weatherford Capital, RPM Ventures, and others. With this funding round, Coterie has raised over $102 million.

Auguria Raises Seed Funding From SYN Ventures And S Ventures

By Amit Chowdhry ● Mar 19, 2024

Auguria, a cybersecurity artificial intelligence company, announced its emergence from stealth mode after more than two years of software platform development. Through an initial investment from SYN Ventures Seed Fund, Auguria is driving the transformation of traditional security operations by optimizing data for human and AI consumption with the industry's first vector-based cybersecurity platform for security operations data integration, transformation, and analytics.

Cohesity Raises Strategic Funding From NVIDIA

By Amit Chowdhry ● Mar 19, 2024

Cohesity - a leader in AI-powered data security and management - announced a collaboration with NVIDIA to help organizations unlock the power of GenAI and data with the recently announced NVIDIA NIM microservices and through the integration of NVIDIA AI Enterprise into the Cohesity Gaia platform. Cohesity’s latest funding round also led to NVIDIA becoming a new investor.