Venture Capital

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.

Momentous Reveals Minority Stake By Humble Growth

By Amit Chowdhry ● Mar 4, 2024

Momentous - a leading human performance company that focuses on supplementation and nutrition - announced the acquisition of a significant minority stake by Humble Growth, which is an investment firm dedicated to propelling growth and value creation for disruptive companies that are changing the ways consumers eat, drink, feel, and live. And co-founders Jeff Byers and Erica Good will continue to lead Momentous together as CEO and President, respectively.

Kenai Therapeutics: $82 Million Raised To Develop Platform Of Allogeneic Neuron Replacement Cell Therapies For Neurological Disorders

By Amit Chowdhry ● Mar 4, 2024

Kenai Therapeutics - a biotechnology company utilizing induced pluripotent stem cell (iPSC) technology to discover and develop a platform of allogeneic neuron replacement cell therapies for neurological disorders - announced an $82 million Series A financing co-led by Alaska Permanent Fund Corporation, Cure Ventures, and The Column Group, with participation from Euclidean Capital and Saisei Ventures.

Insurcomm Secures Growth Equity Investment From Summit Partners

By Amit Chowdhry ● Mar 4, 2024

Insurcomm - a rapidly growing commercial and residential restoration service provider - announced a majority growth investment from Summit Partners. And Summit’s investment will support Insurcomm’s national expansion strategy as it continues its mission to deliver the highest quality service to commercial clients, residential customers, and municipalities navigating property loss events.

Bench IQ: AI-Powered Legal Tech Company Raises $2.1 Million

By Amit Chowdhry ● Mar 4, 2024

Bench IQ - a groundbreaking AI-powered legal technology company - is transforming the landscape of legal research by offering unparalleled insights into judges' rulings. And the company recently announced the successful closure of a $2.1 million pre-seed funding round.

Relish: $10 Million Raised To Optimize Procurement Systems And Processes

By Amit Chowdhry ● Mar 4, 2024

Relish - a leading provider of solutions for businesses to optimize procurement systems and processes - announced it closed a $10 million Series A funding round from Boston-based growth equity firm Volition Capital. Since being founded in 2020, the company rapidly established itself as a dominant solution provider that enables customers to optimize and maximize the value of their existing procurement software investments like SAP, Coupa, and Workday.

Anthro Energy: $20 Million Raised To Unlock The Potential Of Lithium Ion Batteries

By Amit Chowdhry ● Mar 4, 2024

Anthro Energy announced two major milestones: the closing of an over-subscribed $20 million Series A financing round and the completion of UN 38.3 battery certification, a key global safety standard for lithium battery transport. Collaborative Fund led the financing, with significant participation from existing investors such as Union Square Ventures, Emerson Collective, and Voyager Ventures. Energy Revolution Ventures, Ultratech Capital Partners, Nor'easter Ventures, and Overlap Holdings. The funding will be used to build a Bay Area-based pilot production facility to commercialize and scale Anthro's advanced battery technologies.

Qualiti.ai: Test Automation Solutions Company Raises Strategic Funding From Crosslink Capital

By Amit Chowdhry ● Mar 4, 2024

Qualiti.ai - a leader in AI-driven test automation solutions - announce a strategic investment from Crosslink Capital and the appointment of Tim Stewart as Chief Technology Officer. And these developments reinforce Qualiti’s commitment to transforming the software testing landscape through innovative technology.

Aktiia: Wrist-Worn 24/7 Optical Blood Pressure Monitoring Company Raises CHF 27 Million

By Amit Chowdhry ● Mar 4, 2024

Aktiia - the Swiss HealthTech innovator that developed the world’s first wrist-worn 24/7 optical blood pressure monitoring device - announced the completion of a CHF 27 million (USD 30M) funding round, led by Redalpine with participation from an international investor syndicate including Khosla Ventures, Molten, Translink Capital, Verve, and 415 Capital. And this strategic infusion of capital will accelerate Aktiia’s mission to ease the global burden of hypertension by providing groundbreaking insights into blood pressure management through AI-driven technology, currently used by over 60,000 customers and dozens of healthcare organizations.

Figure: AI Robotics Company Raises $675 Million At $2.6 Billion Valuation And Deal Signed With OpenAI

By Amit Chowdhry ● Mar 4, 2024

Figure - an AI robotics company developing general-purpose humanoid robots - recently announced that it had raised $675 million in Series B funding at a $2.6 billion valuation with investments from Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. And this investment will accelerate Figure's timeline for humanoid commercial deployment.

Wolter: Material Handling Solutions Company Raises Funding From BBH Capital Partners

By Amit Chowdhry ● Mar 4, 2024

Wolter - a leading provider of material handling solutions, automation, overhead cranes, industrial dock and door services, and power systems - announced a significant growth investment from BBH Capital Partners (BBHCP). This strategic partnership will enable Wolter to accelerate its expansion plans, including acquisitions and real estate investments, further solidifying its position in the industry.

Vibe.co: Streaming TV Ad Platform Company Secures $22.5 Million

By Amit Chowdhry ● Mar 4, 2024

Vibe.co recently announced a successful Series A funding round of $22.5 million led by venture firm Singular. And they plan to utilize these funds to continue building a more efficient streaming TV advertising ecosystem and become the #1 CTV ad resource for SMBs.

Dunes Point Capital Closes Fund III At $800 Million

By Amit Chowdhry ● Mar 4, 2024

Dunes Point Capital, LP (DPC) announced it has closed Dunes Point Capital Fund III, with total capital commitments of $800 million, which exceeded the Fund's target of $775 million. And the fund has already invested $415 million and completed seven company acquisitions: Atalys, FastLap, K-1 Packaging Group, Kwalu, Roofing Services Solutions, Stanton Carpet, and Warshaw Supply.

Kanbrick: Long-Term Investment Partnership Firm Raises $220 Million

By Amit Chowdhry ● Mar 4, 2024

Kanbrick - a long-term investment partnership focused on family and founder-owned companies - announced it has raised $220 million in capital. Kanbrick makes majority and minority investments in consumer, industrial, and business services companies with $5 million to $50 million in EBIT.

FogPharma: $145 Million Raised To Discover And Develop Helicon Therapeutics

By Amit Chowdhry ● Mar 4, 2024

FogPharma - a clinical-stage biopharmaceutical company dedicated to delivering a new class of therapies that go beyond the limits of currently available medicines using its Helicon peptide platform - announced the successful closing of a $145 million Series E financing round. And the funding was led by Nextech Invest with participation from other new investors including RA Capital Management, Rock Springs Capital, General Catalyst, Marshall Wace, Samsara Biocapital, Foresite Capital, Symbiosis, Catalio Capital Management, Sixty Degree Capital and former chairman and CEO of Johnson & Johnson, Alex Gorsky.

EasyKnock: Home Equity Solutions Company Raises $28 Million

By Amit Chowdhry ● Mar 4, 2024

Home equity solutions platform EasyKnock announced the completion of a $28 million Series D funding round. And Northwestern Mutual Future Ventures, the venture capital arm of Northwestern Mutual, a financial services company, join new and existing investors in the round.

Plant-Based Dog Food Brand PawCo Secures $2 Million

By Amit Chowdhry ● Mar 4, 2024

PawCo Foods - a plant-based pet nutrition brand dedicated to providing high-quality, sustainable, and scientifically-formulated food for dogs - announced a $2 million seed funding round led by Elevate Ventures, and other angel investors such as Arash Ferdowsi, co-founder of Dropbox. And with this funding round, PawCo will scale its operations by opening a second production facility (a midwest location to complement its current facility in California). And the brand will further invest in growth, research and development, new recipes and marketing tactics to drive awareness for the plant-based pet food category.

BlossomHill Therapeutics: $100 Million Raised To Address Unmet Medical Needs In Oncology And Autoimmune Diseases

By Amit Chowdhry ● Mar 4, 2024

BlossomHill Therapeutics - a biotechnology company focused on designing and developing small molecule medicines for treating cancer and autoimmune diseases - announced the closing of a $100 million Series B financing round. The funding was led by Colt Ventures with participation from new and existing investors, including Cormorant Asset Management, OrbiMed, Vivo Capital, Hercules BioVentures Partners LLC, Plaisance Capital Management LLC, and H&D Asset Management, and others.

Fervo Energy: Geothermal Development Company Raises $244 Million

By Amit Chowdhry ● Mar 4, 2024

Fervo Energy - a leader in next-generation geothermal development - announced that it had raised $244 million in new funding led by Devon Energy, a pioneer in shale oil and gas. And this funding will unlock Fervo’s next phase of growth, deploying proven technology adapted from the oil and gas industry at scale to deliver commercially viable 24/7 carbon-free energy.

Elda River Capital Management Completes Spin-Out From Magnetar

By Amit Chowdhry ● Mar 4, 2024

Elda River Capital Management recently announced its launch as an independent real assets-focused investment firm. Elda River launched with approximately $1.5 billion in assets under management in a spin-out from Magnetar and has offices in Houston, Texas; Evanston, Illinois; and London, United Kingdom.

Baseimmune: £9 Million In Funding Raised To Predict Future Pathogen Mutations To Generate Novel Vaccines

By Amit Chowdhry ● Mar 4, 2024

Baseimmune - a biotech company that uses proprietary, deep learning AI to predict future pathogen mutations to generate novel vaccines - recently announced the closing of £9 million in Series A funding led by new investors MSD Global Health Innovation Fund and IQ Capital, with participation from existing investors including Hoxton Ventures, Creator Fund, Beast Ventures and Maki.vc.

Prolocor: $1.7 Million Secured To Develop Precision Diagnostic Test To Predict Risks Of Thrombosis

By Amit Chowdhry ● Mar 4, 2024

Prolocor - a healthcare startup developing an innovative precision diagnostic test with the potential to predict the risk of thrombosis by quantifying FcγRIIa (pFCG test) - recently announced that they have successfully raised $1.7 million in bridge financing. The funding included significant participation by Green Park & Golf Ventures (GPG Ventures) and by the Labcorp Venture Fund.

Salvo Health: $5 Million Raised To Expand GI Provider Enablement for Wraparound Care

By Amit Chowdhry ● Mar 4, 2024

Salvo Health recently announced the closing of a $5 million Seed Prime round led by City Light Capital and Human Ventures to expand deployment of its wraparound GI care at providers including gastroenterology private practices, health systems, and ACOs.

Orbis Medicines: Oral Macrocycle Drug Discovery Company Raises €26 Million

By Amit Chowdhry ● Mar 4, 2024

Orbis Medicines - a leader in oral macrocycle drug discovery - announced its launch with a €26 million financing led by global life sciences investor Novo Holdings and Forbion. These are the details.

Matter Neuroscience Secures $26 Million To Use Neuroscience To Help People Live Longer And Happier Lives

By Amit Chowdhry ● Mar 4, 2024

Matter Neuroscience, a company working to unlock a deeper understanding of happiness and well-being by providing people with personalized insights into their brain chemistry, recently emerged from stealth mode. And Matter announced it had received $26 million in funding, initial funding seeded by Polaris Partners and a more recent round co-led by ARCH Venture Partners, Polaris Partners, and Exor Ventures, and joined by Collaborative Fund and others. With this funding, Matter will bolster its efforts to pioneer solutions that address the unhappiness epidemic by transforming our understanding and management of mental well-being.

AiDash: Series C Funding And Duke Energy Added As Strategic Investor

By Amit Chowdhry ● Mar 3, 2024

AiDash - an enterprise SaaS company making critical infrastructure industries climate resilient and sustainable with satellites and AI - announced that it received a strategic investment from Duke Investments, LLC, a wholly-owned subsidiary of Duke Energy.

Lionize: Initial Closing Of $2 Million Raised To Drive Evolution Of Influencer Marketing

By Amit Chowdhry ● Mar 3, 2024

Lionize - an innovative AI-driven influencer search tool and influencer marketing platform - announced the initial closing of a funding round of up to $2 million led by Cultivation Capital. This funding round marks a significant milestone in Lionize's mission to revolutionize influencer marketing through AI.