Venture Capital

Phagenesis: $42 Million To Develop Neurostimulation System To Treat Swallowing Dysfunction

By Amit Chowdhry ● Mar 7, 2024

Phagenesis - a pioneering UK company that has developed a revolutionary neurostimulation system to treat swallowing dysfunction - announced it has closed a $42 million Series D financing all equity investment round. And investment syndicate was led by EQT Life Sciences, and co-led by Sectoral, with new investors British Patient Capital, Northern Gritstone and Aphelion/Cardeation Capital also joining the round. This funding reflects their recognition of the transformative potential of Phagenesis' cutting-edge therapy, Phagenyx.

Global Infrastructure Partners: $2.1 Billion Closed For Inaugural Emerging Markets Fund

By Amit Chowdhry ● Mar 6, 2024

Global Infrastructure Partners (GIP) announced that GIP Emerging Markets Fund I (GIP EM) completed fundraising for more than $2.1 billion in aggregate committed capital.

Healthee: $32 Million Secured To Enhance Care Outcomes

By Amit Chowdhry ● Mar 6, 2024

Healthcare tech company Healthee announced the successful completion of its Series A funding round, co-led by Fin Capital, Glilot Capital Partners, and Group11, with strategic partner TriNet also participating.

Limbic: Clinical Mental Health AI Company Secures $14 Million

By Amit Chowdhry ● Mar 6, 2024

Limbic - a leading clinical mental health AI technology company - announced that it has raised a funding round of $14 million led by Khosla Ventures and joined by new investors, including Gaingels (an LGBTQIA+/Allies investment syndicate), and Illusian (the family office of Ilkka Paananen, co-founder of Supercell).

OQC: Chevron Joins $100 Million Series B Funding Round

By Amit Chowdhry ● Mar 6, 2024

OQC - a leader in quantum computing-as-a-service (QCaaS) - announced that Chevron Technology Ventures, part of Chevron Corporation, has joined its $100m Series B funding round. Chevron's investment is a significant move by a supermajor into the evolving field of quantum computing.

Commerce Ventures Reveals $150+ Million Oversubscribed Fund V

By Amit Chowdhry ● Mar 6, 2024

Commerce Ventures - a leading venture firm focused on innovations across retail and financial services - announced it has closed an oversubscribed fifth fund exceeding $150 million in committed capital. Launched in 2013, Commerce Ventures was the first venture firm built to invest in the platforms and infrastructure that enable both the digitization of industry incumbents and the creation of new challenger brands across the Commerce Continuum. And since being founded inception, the firm has invested in over 100 companies, including category leaders like Bill.com, Canary, Candex, Forter, FleetOps, Kevel, Kin, Marqeta (MQ), Mudflap, MX, Narvar, Socure, Trove and Vestwell.

DTEX Systems: Insider Risk Management Company Raises $50 Million In Round Led By CapitalG

By Amit Chowdhry ● Mar 6, 2024

DTEX Systems - a global leader in insider risk management - announced that it closed $50 million in Series E funding. CapitalG, the independent growth fund of Google’s parent company, Alphabet - led the new investment round, bringing DTEX Systems’ total funding raised to $138 million. The funding round will be used to expand the company’s engineering team and grow its go-to-market (GTM) operations globally, accelerating its mission to protect global organizations from insider threats proactively.

Topsort Closes $20 Million To Scale Clean Ad Platform

By Amit Chowdhry ● Mar 6, 2024

Topsort announced that it raised $20 million in Series A funding. The funding round was led by Upload Ventures and returning seed round investors Quiet Capital and Pear Ventures. And the Series A round values the company at $150 million.

Entrada: Strategic Funding Raised From Databricks Ventures

By Amit Chowdhry ● Mar 6, 2024

Entrada - a leading Databricks consulting and implementation services firm - announced it received a strategic investment from Databricks Ventures to help scale the firm's next leg of growth. Entrada's focus in the Databricks ecosystem is accelerating time to value with industry-focused Data and AI solutions.

Ares Management Reveals Ansley Park Capital

By Amit Chowdhry ● Mar 6, 2024

Ares Management (a leading global alternative investment manager) announced that funds managed by its Alternative Credit strategy (Ares Alternative Credit) have launched Ansley Park Capital, a newly-formed lending and specialty finance company that delivers full spectrum, customized financing solutions for essential-use and large-ticket equipment.

Team8: $500 Million In Funding Raised To Invest In Companies Focused On Digital Transformation

By Amit Chowdhry ● Mar 6, 2024

Team8 (a leading global fund that builds and invests in companies playing a crucial role in the digital transformation of major sectors) announced the closing of new funds totaling $500 million, bringing its total assets under management (AUM) to well over the $1 billion mark.

appCD: Generative Infrastructure From Code Company Secures $6 Million

By Amit Chowdhry ● Mar 6, 2024

appCD announced it has unveiled early access to its generative Infrastructure from Code (IfC) software and announced $6 million in seed funding. And appCD uses application code to generate Infrastructure from Code automatically, no code annotation or extensive configuration coding required.

RapidSOS: Intelligent Safety Company Raises $150 Million

By Amit Chowdhry ● Mar 6, 2024

RapidSOS - an intelligent safety company - announced an additional $75 million raise led by funds and accounts managed by BlackRock, which closes the company's latest round at $150 million. Also joining in the round included NightDragon, BAM Elevate, Insight Partners, the private investment division of Balyasny Asset Management, Manhattan Venture Partners, Acrew Capital, and Harmonic Growth Partners.

Trinity Capital And Electric Hydrogen Announce $50 Million in Equipment Financing

By Amit Chowdhry ● Mar 6, 2024

Trinity Capital (a leading provider of diversified financial solutions to growth-stage companies) announced the commitment of $50 million in equipment financing to Electric Hydrogen, a electrolyzer system manufacturer that produces green hydrogen for critical industries.

Argonaut Manufacturing Services Raises $45 Million

By Amit Chowdhry ● Mar 6, 2024

Argonaut Manufacturing Services - a leading contract development and manufacturing organization serving the biopharma and life sciences industries - announced the completion of a $45 million financing to support its new drug product fill / finish expansion. And this expansion in Carlsbad, CA, underway since early 2023, includes a new dedicated facility with a state-of-the-art isolator-based filling line that more than quadruples Argonaut’s existing drug product fill/finish capacity and augments existing vial filling capabilities with the ability to pre-fill syringes and cartridges for clinical and commercial supply. Argonaut also expects to validate the facility and all equipment in 2025 fully.

Avista Capital Partners Announces Final Closing Of Healthcare Partners VI At $1.5 Billion

By Amit Chowdhry ● Mar 6, 2024

Avista Capital Partners - a leading New York-based private equity firm focused exclusively on healthcare - announced the final closing of Avista Healthcare Partners VI at $1.5 billion. The Fund - which significantly exceeded its $1.25 billion target - represents one of the largest pools of private capital focused on investments across high-growth middle-market product and technology healthcare companies in North America and Europe.

RemotePass: HR And Fintech Company Raises $5.5 Million

By Amit Chowdhry ● Mar 6, 2024

RemotePass—an HR and fintech platform that helps companies onboard, manage, pay, and retain remote workers—announced it has secured $5.5 million in Series A funding. The round was led by 212 VC and participated in by investors in the US, Europe, and the Middle East, including Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund.

TollBit Raises Nearly $7 Million To Address Shifting Economics Of Web Content

By Amit Chowdhry ● Mar 6, 2024

TollBit founders Olivia Joslin and Toshit Panigrahi announced the company has raised $7 million for its new platform, TollBit, which aims to address the shifting economics of web content in the age of AI. TollBit enables AI bots and data scrapers to pay websites directly to license their content.

Hamilton Lane: $700 Million In Commitments Closed For Strategic Opportunities Fund VIII

By Amit Chowdhry ● Mar 5, 2024

Hamilton Lane announced the final closing of Hamilton Lane Strategic Opportunities Fund VIII. The Fund represents about $700 million in commitments from a wide range of institutions, including over 50 investors across North America, Asia, EMEA and Latin America.

Nocion Therapeutics: $62 Million Closed To Evaluate Lead Program Taplucanium Dry Powder For Inhalation

By Amit Chowdhry ● Mar 5, 2024

Nocion Therapeutics - a clinical-stage biopharmaceutical company - announced that it has raised $62 million in Series B funding.

HData: $10 Million Raised To Accelerate Energy Sector Data Intelligence

By Amit Chowdhry ● Mar 5, 2024

HData—a company using AI and automation to help the U.S. energy industry file, explore, analyze, and leverage regulatory data—announced the closing of a $10 million Series A funding round led by Buoyant Ventures. The participating investors include Victorum Capital, Hyde Park Venture Partners, Firebrand Ventures, and others.

Agio Ratings: Risk Analytics Company Raises $4.6 Million

By Amit Chowdhry ● Mar 5, 2024

Agio Ratings announced it had raised $4.6 million in pre-seed and seed funding to transform how the digital asset industry prices risk. Superscrypt led the seed round and was joined by Portage, MS&AD Ventures, and several angel investors in insurance and asset management. The company—which launched in May 2022—enables institutions to price the risk of 30+ major trading venues.

AGA Benefit Solutions Raises Funding From TA Associates

By Amit Chowdhry ● Mar 5, 2024

AGA Benefit Solutions (AGA) - a leading developer and administrator of customized group insurance and retirement plans across Canada - announced that it has received a significant growth investment from TA Associates. TA has partnered with AGA’s management team, who will remain in place and be substantial shareholders of AGA.

Alter Domus Raises Strategic Investment From Cinven

By Amit Chowdhry ● Mar 5, 2024

Alter Domus - a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry - announced that it has secured a new strategic investment from Cinven. And Cinven is a leading international private equity firm focused on building world-class global and European companies. The transaction gives Alter Domus an enterprise value of €4.9 billion ($5.3 billion).

Overjet: Dental AI Company Raises $53 Million At $550 Million Valuation

By Amit Chowdhry ● Mar 5, 2024

Overjet—a leader in dental AI—announced a $53.2 million Series C round, the largest investment ever in artificial intelligence for dentistry. March Capital led this historic round, which also included General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, Harmonic Growth Partners, and the American Dental Association. This brings Overjet's total funding to about $133 million and increases the company's valuation to $550 million.

Mews: Hospitality Cloud Company Raises $110 Million At $1.2 Billion

By Amit Chowdhry ● Mar 5, 2024

Mews - an industry-leading hospitality cloud - announced it raised a fresh round of funding at $110 million. The funding round is led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and new investor LGVP. The new funding values the company at $1.2 billion.

Soundcore Capital Partners Names Brian Pfeifer As President Of Door & Dock Holdings

By Amit Chowdhry ● Mar 5, 2024

Soundcore Capital Partners, LP—a New York-based private equity firm specializing in buy-and-build investments in the lower middle market—announced the appointment of Brian Pfeifer as President of Door & Dock Holdings, LLC (D&D). These are the details.

Z Capital Credit Partners Closes $331.3 Million BSL CLO

By Amit Chowdhry ● Mar 5, 2024

Z Capital Credit Partners, L.L.C. (ZCCP) - the credit fund management platform of Z Capital Group, L.L.C. (ZCG) - announced the closing of a $331.3 million collateralized loan obligation (CLO) managed by its affiliate, Z Capital CLO Management, L.L.C. This is the fifth CLO issuance for ZCCP.

Bluepeak Raises Strategic Investment From Ares Management

By Amit Chowdhry ● Mar 4, 2024

Bluepeak - a leading provider of fiber broadband to residential and commercial customers in communities across the Great Plains region - announced that funds managed by Ares Management's Infrastructure Opportunities and Alternative Credit strategies have made a strategic investment into Bluepeak.

Accelo Raises Funding From Bow River

By Amit Chowdhry ● Mar 4, 2024

Bow River Capital - a Denver-based alternative asset manager, announced today that its Software Growth Equity (SGE) Team - was selected by Accelo to partner in its next phase of scale, software, and AI innovation.