Venture Capital

Ocient: Data Analytics Solutions Company Raises $49.4 Million

By Amit Chowdhry ● Mar 11, 2024

Ocient - a leading data analytics software solutions company - announced today that it has closed $49.4 million in funding. This funding is an extension of Ocient’s Series B financing, which was previously led by Greycroft and OCA Ventures and included new venture investors Buoyant Ventures, Levy Family Partners, Riverwalk Capital, Wolf Capital Management, and all prior significant investors. Including this funding round, Ocient has raised $119 million since being founded in 2016.

Milu Health: $4.8 Million Raised To Use AI For Driving Costs Savings In Healthcare

By Amit Chowdhry ● Mar 11, 2024

Milu Health is a health tech company that uses artificial intelligence (AI) to drive healthcare cost savings for employees and employers. Today, the company announced its seed financing of $4.8 million led by Andreessen Horowitz (a16z) Bio + Health and its launch with over a dozen employers to expand employee access to its platform.

URBAN-X By MINI Reveals Cohort 14 Of Startups Tackling Climate Issues

By Amit Chowdhry ● Mar 11, 2024

URBAN-X, the technology startup accelerator by auto company MINI, announced its fourteenth cohort of startups focused on tackling today’s pressing climate issues. These startups are addressing and redefining solutions that push net zero goals while creating more resilient communities, such as e-bike battery swapping for delivery workers, a landfill waste diversion operation, space-based solar power, and much more.

Permira Appoints Dedicated Team For Climate Transition Investments

By Amit Chowdhry ● Mar 11, 2024

Global investment firm Permira has appointed a dedicated team to identify investment opportunities across the climate transition value chain. The team is being led by Kush Patel and another identified Partner joining later this year. They will be based out of New York and London, respectively, and will focus on climate transition assets (projects and platforms) and enablers (associated products, services, and technology).

PeakMetrics: Narrative Intelligence Company Raises $3 Million

By Amit Chowdhry ● Mar 11, 2024

Narrative intelligence company PeakMetrics announced it has raised $3 million in seed funding. The round was led by York IE, with follow-on investment from Argon Ventures and participation from Parameter Ventures and CEAS Investments. With this funding round, PeakMetrics has raised $5.7 million in total.

GoldenTree Asset Management: Private Credit Fund Closed At Over $1.35 Billion

By Amit Chowdhry ● Mar 11, 2024

GoldenTree Asset Management - a global asset management firm with over $53 billion in assets under management - announced the closing of its Private Credit Fund. GoldenTree’s Private Credit Fund secured over $1.35 billion in commitments, surpassing the target of $800 million to $1 billion.

Primergy Solar Signs $588 Million Project Financing And Power Purchase Agreement With Microsoft

By Amit Chowdhry ● Mar 11, 2024

Primergy Solar - a leading developer, owner, and operator of utility-scale solar and storage projects - announced today it closed commitments for $588 million in debt financing for a 408 MWac Ash Creek Solar project in Hill County, Texas. And Primergy also signed a long-term power purchase agreement with Microsoft for the full capacity of the plant.

DocNow: Seed Funding Round Raised To Expand Next Generation Electronic Health Record (EHR) System

By Amit Chowdhry ● Mar 11, 2024

DocNow - a provider of Electronic Health Record (EHR) and wound care management solutions for Post-Acute Care providers - announced it has closed a Series Seed round led by Waterline Ventures. The company plans to use the funding to accelerate the development of innovative features, expansion across the Post-Acute Care space, and continued customer focus.

Efficient Computer: $16 Million Seed Funding Raised To Launch Energy-Efficient Computer Chips

By Amit Chowdhry ● Mar 11, 2024

Efficient Computer recently emerged from stealth and introduced a new computer processor that is up to 100x more energy efficient than leading general-purpose CPUs today. Through a $16 million seed funding round led by Eclipse, Efficient created a transformative computer architecture and software stack that delivers unprecedented energy efficiency.

FitLab: $65 Million Strategic Financing Raised From Atlas Credit Partners

By Amit Chowdhry ● Mar 11, 2024

Atlas Credit Partners - an asset management firm specializing in investing and partnering with medium-sized businesses - has announced a $65 million Strategic Financing Facility to FitLab, a multi-brand fitness company whose fully integrated platform solves the siloed nature of the industry, with about $35 million funded at closing and $30 million of remaining availability.

Glimpse: Battery Scanning Company Raises $4 Million

By Amit Chowdhry ● Mar 11, 2024

Glimpse - a provider of battery quality monitoring solutions for battery producers and electric mobility companies - announced its official launch and initial capital raise of $4 million. The company also announced the release of its high-throughput battery X-ray scanning service.

Sionna Therapeutics: $182 Million Funding Raised To Develop Novel Small Molecules In Cystic Fibrosis

By Amit Chowdhry ● Mar 11, 2024

Sionna Therapeutics - a clinical-stage life sciences company focused on developing highly effective and differentiated treatments for cystic fibrosis (CF) - announced the closing of a $182 million Series C funding to support the clinical development of first-in-class small molecules designed to fully restore the function of the cystic fibrosis transmembrane conductance regulator (CFTR) protein by stabilizing the first nucleotide-binding domain (NBD1).

Primient Commits $700 Million To Sustainability

By Amit Chowdhry ● Mar 11, 2024

Primient (a leader in plant-based food and industrial ingredient production) announced a capital investment exceeding $700 million across the company’s operational footprint. The comprehensive five-year phased investment sets a new industry standard, reflecting Primient’s commitment to its deep corn milling roots, strong position as a market leader, and visionary approach to a brighter and more sustainable future.

Defense Unicorns: $35 Million Raised For Advancing National Security

By Amit Chowdhry ● Mar 11, 2024

Defense Unicorns—a software startup that develops open-source software and AI capabilities for National Security systems—announced it had raised a $35 million Series A funding round led by Sapphire Ventures and Ansa Capital.

BrainCheck: $15 Million Raised To Grow In The Digital Cognitive Assessment Market

By Amit Chowdhry ● Mar 11, 2024

BrainCheck (a digital health innovator growing in the digital cognitive assessment market) announced a $15 million new financing round led by Next Coast Ventures, S3 Ventures, and UPMC Enterprises (the venture capital arm of UPMC). The company also expanded its Board of Directors by appointing Nicholas Shapiro, Vice President of UPMC Enterprises, as a new board member, further driving its strategic leadership.

CARiD.com: Car Parts And Accessories E-Commerce Company Raises $35 Million

By Amit Chowdhry ● Mar 11, 2024

CARiD (a leading e-commerce platform specializing in car parts and accessories) announced the closing of a $35 million funding round. This milestone is a testament to the company's innovation and the successful execution of its strategic turnaround plan. This funding round will further drive expansion and technological advancements and enhance customer service capabilities. This solidifies CARiD’s position as a frontrunner in the automotive e-commerce sector.

MoeGo: Pet Care Business Company Raises $24 Million

By Amit Chowdhry ● Mar 10, 2024

MoeGo, a leading software platform for pet care businesses, has closed a $24 million Series A funding round. The round was led by Base10 Partners, with participation from Mars Petcare's Digitalis Ventures and continued support from MoeGo's existing investors, Conductive Ventures and Uphonest Capital.

Vescent: Quantum Technology Company Raises $5 Million

By Amit Chowdhry ● Mar 10, 2024

Vescent - a leader in Quantum 2.0 Technologies Enabling Commercialization - announced it had closed a $5 million Series Seed funding round led by Corporate Fuel, with additional participation from Caruso Ventures.

Todyl: Security And Networking Company Secures $50 Million

By Amit Chowdhry ● Mar 10, 2024

Todyl - a leading security and networking company - announced it closed a $50 Million Series B funding round led by Base10 Partners with participation from Anthos Capital, Tech Operators, and StoneMill Ventures. The Series B funding round will support Todyl’s goal of transforming cybersecurity with an all-in-one security platform that empowers IT professionals with the tools, insights, and automation needed to defend against ever-changing threats.

Stonepeak: Asia Infrastructure Fund Closed At $3.3 Billion

By Amit Chowdhry ● Mar 10, 2024

Stonepeak—a leading alternative investment firm specializing in infrastructure and real assets—announced the successful final close of Stonepeak Asia Infrastructure Fund, which has $3.3 billion in total capital commitments. This fund represents Stonepeak’s first dedicated Asia strategy and exceeded its target of $3 billion, having received robust demand from new investors and existing investors in other Stonepeak funds.

NPS: Software-Defined Radar Company Raises $17.5 Million

By Amit Chowdhry ● Mar 10, 2024

Software-defined radar company Neural Propulsion Systems (NPS) announced it raised a $17.5 million Series B funding round. Cota Capital led the funding round with contributions from GM Ventures (the venture capital arm of General Motors) and RTX Ventures (the venture capital arm of RTX). This partnership marks a major step in enhancing roadway safety (benefiting pedestrians, drivers, and all other traffic participants) and defense radar systems.

Riverarch Equity Partners: $1 Billion For Fourth Equity Fund Closed And Rebrand Revealed

By Amit Chowdhry ● Mar 10, 2024

Riverarch Equity Partners (formerly PNC Riverarch Capital), a private investment firm focused on investments in middle market companies - announced the closing of its latest private equity fund Riverarch Equity Partners IV with $1 billion in commitments.

Maybell Quantum: Quantum Infrastructure Company Raises $25 Million

By Amit Chowdhry ● Mar 10, 2024

Quantum infrastructure company Maybell Quantum, has closed a $25 million funding round led by an affiliate of Cerberus Capital Management, L.P. Investing along Cerberus in the round are Maybell’s existing investors, Lavrock Ventures, Caruso Ventures, Mark IV Capital, Decisive Point, In-Q-Tel, and Olive Capital.

Alumis: $259 Million Raised To Develop Therapies For Immune-Mediated Diseases

By Amit Chowdhry ● Mar 10, 2024

Alumis - a clinical-stage biopharmaceutical company developing oral therapies using a precision approach to transform the lives of patients with immune-mediated diseases - announced an upsized $259 million Series C funding round. Alumis plans to use the funding to initiate pivotal Phase 3 clinical trials for its lead candidate ESK-001, a highly selective and potentially best-in-class allosteric tyrosine kinase 2 (TYK2) inhibitor, in moderate to severe plaque psoriasis in the second half of this year, and support the two ongoing Phase 2 clinical trials for ESK-001 in systemic lupus erythematosus (SLE), and non-infectious uveitis.

Carousel Capital Reveals Investment In O.R. Colan Associates

By Amit Chowdhry ● Mar 9, 2024

Carousel Capital announced that it has partnered with management and existing shareholders to recapitalize O.R. Colan Associates (ORC), a leading provider of right-of-way (ROW) services and land management solutions to utility, infrastructure, and public sector clients across the United States.

Limerston Capital: Fund II Closed With £245 Million In Commitments

By Amit Chowdhry ● Mar 9, 2024

Limerston Capital - a UK-based mid-market private equity firm - announced the final closing of its second fund, Limerston Capital Partners II, with total commitments of £245 million.

Razor Group: Perch Acquisition And Series D Funding Round

By Amit Chowdhry ● Mar 8, 2024

Razor Group announced it had acquired Perch (the leading Amazon aggregator in the US), and the company revealed a Series D funding round.

Manulife Investment Management: $752 Million Closed For MCP VII Fund

By Amit Chowdhry ● Mar 8, 2024

Manulife Investment Management announced the final closing of Manulife Capital Partners VII, L.P. (MCP VII), a $752 million private credit fund. This fund seeks to invest junior credit capital in U.S. middle market companies to target high yield with equity upside, offering investors contractual cash coupons and capital appreciation. And MCP VII is backed by a global investor base of institutional and private capital investors, including a capital commitment from Manulife.

Metaplane: Data Observability Platform Company Secures $13.8 Million

By Amit Chowdhry ● Mar 8, 2024

Metaplane - a leading data observability platform for data teams - announced its $13.8 million Series A funding round led by Felicis, with participation from Khosla Ventures, Flybridge, Y Combinator, Stage 2 Capital, B37, and SNR. This funding round comes shortly after a successful 2023 with impressive revenue growth, accelerated customer acquisition, and rapid product innovation.

Handle.com Raises Funding From Amex Ventures And Suffolk Technologies

By Amit Chowdhry ● Mar 8, 2024

Handle.com - a leading provider of construction payment and credit solutions - announced investments from different investors: Amex Ventures and Suffolk Technologies (the venture capital arm of Suffolk Construction). This funding round highlight Handle’s continuous growth and its impact on the digital transformation of finance organizations across the construction value chain.