Venture Capital

BlueBean: Procure To Pay Solution Company Secures $1.3 Million

By Amit Chowdhry ● Feb 29, 2024

BlueBean - an all-in-one procure-to-pay solution - announced its launch with $1.3 million in capital. Tola Capital led this funding round, and partner Aaron Fleishman joined as a board member. Created in 2023 by procurement expert and former Coupa Software VP Fabrice Saporito, BlueBean helps businesses manage expenses.

Pelage Pharmaceuticals: Clinical-Stage Regenerative Medicine Company Secures $16.75 Million

By Amit Chowdhry ● Feb 28, 2024

Pelage Pharmaceuticals - a clinical-stage regenerative medicine company pioneering a new generation of treatments for hair loss - announced that the company has closed a $16.75 million Series A financing led by GV with participation from Main Street Advisors, Visionary Ventures, and YK BioVentures to advance a first-in-class treatment for androgenetic alopecia or pattern baldness, and other types of alopecia including chemotherapy-induced hair loss.

Exodigo: $105 Million Raised To Modernize Underground Mapping

By Amit Chowdhry ● Feb 28, 2024

Exodigo - an AI-based innovator modernizing underground mapping - announced the closing of a $105 million Series A round, converting $30 million previously secured in SAFEs, for a total of $118 million in funding since launching in 2022.

Photoroom: AI Photo Editor Company Secures $43 Million

By Amit Chowdhry ● Feb 28, 2024

Photoroom - a rapidly growing AI photo editor - announced it has successfully closed a $43 million Series B funding round. The funding round - which was led by previous investor Balderton Capital and new investor Aglaé with YCombinator participating, brings Photoroom's total funding to $64 million.

Axiom Cloud: $5 Million Raised To Advance Deployment Of Refrigerant Leak Detection Software

By Amit Chowdhry ● Feb 28, 2024

Axiom Cloud announced closing $5 million in funding from Toshiba Tec and Windsail Capital Group. This funding round aims to accelerate the deployment of the company's AI-powered "Early Leak Detection" (ELD) module, which detects refrigerant leaks earlier without requiring any new onsite hardware or sensors. Axiom Cloud's technology and services will be especially vital as facilities move to comply with recently announced EPA regulations outlined in the American Innovation and Manufacturing (AIM) Act, which restrict commercial emissions of Hydrofluorocarbons (HFCs) through refrigerant leaks and other sources.

Lapse: Gen-Z Focused Photo Sharing App Company Secures $30 Million

By Amit Chowdhry ● Feb 28, 2024

Lapse - a friends-focused photo-sharing app inspired by the experience of disposable cameras - announced it has closed an oversubscribed $30 million Series A round. The funding - which was co-led by Greylock and DST Global Partners, preeminent investors in the Internet technology sector, existing investors GV (Google Ventures), Octopus Ventures, and Speedinvest returned to participate alongside high-profile angel investors Naveen Gavini (former Chief Product Officer at Pinterest), Soleio (designer and investor), Nima Khajehnouri (former VP of Engineering at Snap), and Praveen Murugesan (former Director of Engineering at Uber).

HALO: Subscription-Based Bodycam And Cloud-Based Digital Asset Company Raises $20 Million

By Amit Chowdhry ● Feb 28, 2024

HALO - a leading subscription-based bodycam and cloud-based digital asset management platform - announced it closed a $20 million Series A funding round from Boston-based growth equity firm Volition Capital. This investment follows rapid company growth fueled by demand for HALO's all-in-one subscription technology that protects people and safeguards businesses.

World View: Stratospheric Exploration And Flight Company Raises Strategic Round Led By SNC

By Amit Chowdhry ● Feb 28, 2024

World View - a leader in stratospheric exploration and flight - announced the successful opening and initial funding of a Series D round. The funding round was led by SNC, a renowned leader in innovative technology solutions and open architecture integrations within the aerospace and national security sectors.

Roshal Health: $10 Million Raised To Provide On-Demand Ultrasound And Echocardiogram Services

By Amit Chowdhry ● Feb 28, 2024

Roshal Health - a new leader providing hospital grade, on-site, and on-demand ultrasound and echocardiogram services to ERs, micro-hospitals, rural hospitals, and hospital offsite facilities - announced that it secured $10 million in financing. This structured equity funding was led by Catalio Capital Management, a leading multi-strategy healthcare and life science investment firm, with participation from Green Street Impact Partners.

Elevated Signals: Modern Manufacturing Software Company Raises C$7.9 Million

By Amit Chowdhry ● Feb 28, 2024

Elevated Signals - a company pioneering modern manufacturing software - announced that it has secured C$7.9 million in Series A funding.

Glean: AI-Powered Work Assistant Company Secures Over $200 Million At $2.2 Billion Valuation

By Amit Chowdhry ● Feb 28, 2024

Glean - an AI-powered work assistant making waves among CIOs under pressure to quickly and securely deploy generative AI in the enterprise – announced it has raised over $200 million in Series D funding at a $2.2 billion valuation.

SimpleClosure: $4 Million Raised To Help Entrepreneurs Shut Down Companies

By Amit Chowdhry ● Feb 28, 2024

SimpleClosure - a company that offers easier ways to shut down a business - announced it has raised $4 million in seed funding just months after the company’s pre-seed round. This funding round was led by Infinity Ventures, with strong participation from Anthemis Group, Foxe Capital and existing investors. And a variety of new angel investors joined the round, including executives from leading software companies like Deel and Intuit, and partners at top venture firms.

Intenseye: AI-Powered Workplace Safety Solutions Company Secures $64 Million

By Amit Chowdhry ● Feb 28, 2024

Intenseye – a leader in AI-powered workplace safety solutions – announced it secured $64 million in series B funding led by new investor Lightspeed Venture Partners with participation from existing investors Insight Partners, Point Nine, and Air Street Capital. And this latest funding round is the industry's largest ever.

Myko AI: $2.7 Million Raised To Build Conversational AI For Sales Data

By Amit Chowdhry ● Feb 28, 2024

Myko – a conversational AI for sales and revenue team data - announced it has secured $2.7 million in seed capital from Khosla Ventures to reach new customers and expand its offerings. This funding round also included participation from Zero Knowledge Ventures, DayDream Ventures, the AngelList Early-Stage Quant Fund, and others.

Advanz Pharma Raises Funding From Ontario Teachers’ And Nordic Capital

By Amit Chowdhry ● Feb 28, 2024

Ontario Teachers’ Pension Plan Board (a leading global institutional investor) and Nordic Capital (one of the most active and experienced investors in healthcare) globally agreed to jointly invest in Advanz Pharma, a global pharmaceutical company, to support Advanz’s development and further fuel its strong growth potential in the years to come.

Kingston Brass Receives Investment From LongueVue Capital

By Amit Chowdhry ● Feb 28, 2024

LongueVue Capital (LVC) - a New Orleans-based private equity firm – has announced an investment in Kingston Brass, a leading designer and distributor of kitchen and bathroom fixtures, bathtubs, and accessories.

Astara Capital Partners Investing In Ally Building Solutions

By Amit Chowdhry ● Feb 28, 2024

Astara Capital Partners - a middle-market private equity firm, announced today that an affiliate of Astara Capital Fund I, L.P. – announced it made an investment in Ally Building Solutions. Launched in 2013 by Steve Spade and headquartered in Orlando, Florida, Ally is a leading provider and installer of interior finishes, including flooring, cabinets, countertops, appliances, and specialty products for the residential home market.

TCW Closes $400 Million CLO And Adds Strong Growth In Alternative Credit

By Amit Chowdhry ● Feb 28, 2024

The TCW Group - a leading global asset management company - announced that it has closed a $400 million Collateralized Loan Obligation (CLO) fund, TCW CLO 2024-1, Ltd. - secured primarily by broadly syndicated first-lien loans.

United Fintech Receives Strategic Investments From BNP Paribas and Citi

By Amit Chowdhry ● Feb 28, 2024

BNP Paribas and Citi have become the first institutional investors in United Fintech Group Limited, a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi. And United Fintech is also in advanced talks with other leading strategic investors to join its transformative journey, signalling a broad industry shift towards collaborative fintech innovation.

EQT Raises €22 Billion In Total Commitments

By Amit Chowdhry ● Feb 28, 2024

EQT has announced that EQT X has held its final close, having raised €22 billion (USD 24 billion) in total commitments, of which €21.7 billion (USD 23.5 billion) are fee-generating assets under management. The fundraising exceeded the target size of €20 billion (USD 21.6 billion) and represented a nearly 40% increase on EQT IX, which closed at €15.6 billion in April 2021. It also represents one of the largest private equity funds ever raised.

Governor JB Pritzker Reveals Historic $500 Million Investment Aligning With The CHIPS And Science Act

By Amit Chowdhry ● Feb 28, 2024

Innovate Illinois Chair and Governor JB Pritzker has announced a groundbreaking proposal to allocate $500 million towards advancing beyond silicon quantum technology in the state. This investment, part of the state's latest budget proposal, is poised to position Illinois as a national leader in advancing the semiconductor industry, quantum computing, and AI.

Mainstay Medical Raises $125 Million For Commercial Growth Of ReActiv8 Restorative Neurostimulation

By Amit Chowdhry ● Feb 28, 2024

Mainstay Medical Holdings plc has announced an equity financing in which it will receive gross proceeds of US$125 million. And Mainstay plans to use the funds to support the company’s continued commercial growth of ReActiv8 Restorative Neurostimulation in the U.S., Europe and Australia, additional post-market clinical studies and research, and general operations.

Prime Pensions Raises Strategic Investment From Lightyear Capital

By Amit Chowdhry ● Feb 28, 2024

Prime Pensions - one of the fastest-growing independent providers of retirement plan compliance and administration services - announced that Lightyear Capital has made a strategic investment in the Company. Lightyear Capital is a private equity firm that partners with growing companies at the nexus of financial services and technology, healthcare, and business services.

UMG Reveals Majority Investment In Mavin Global Label

By Amit Chowdhry ● Feb 28, 2024

Universal Music Group (UMG) – a leader in music-based entertainment – recently announced a majority investment in one of the world’s most dynamic and exciting independent record labels, Mavin Global (Mavin). This deal remains subject to regulatory approval and is expected to close by the end of Q3 2024.

Parspec: $11.5 Million In Seed Funding Raised In Round Led By Innovation Endeavors

By Amit Chowdhry ● Feb 28, 2024

Parspec - an AI-powered software platform that streamlines the selection and sale of construction products - announced its oversubscribed $11.5 million seed round. Innovation Endeavors led the investment, with participation from Building Ventures, Heartland Ventures, and Hometeam Ventures. And two investors joined the board in connection with the investment: Innovation Endeavors’ Josh Rapperport as a board member and Building Ventures’ Allen Preger as a board observer.

Unseenlabs: €85 Million Raised To Transformed Maritime Surveillance

By Amit Chowdhry ● Feb 28, 2024

Unseenlabs - a France-based company and global leader in maritime surveillance through detection and geolocation of radio frequency signals from space – announced the closure of an exceptional fundraising round of €85 million. This operation - one of the largest in the space industry - confirms the world’s interest in Earth observation and marks a new milestone in Unseenlabs' development.

Verdane: Edda III Fund Closed Past Target At €1.1 Billion

By Amit Chowdhry ● Feb 27, 2024

The Verdane Edda III fund has closed significantly past its target at €1.1 billion, doubling its predecessor fund, Edda II. And this is the firm’s second successful fund close in six months, following the announcement of Verdane Freya XI at €1.1 billion in September 2023. Verdane’s proven platform attracted an increasingly global LP base, with US investors comprising 25% of Edda III commitments.

Mobly: Mobile Software Company Closes $2.5 Million In Seed Funding

By Amit Chowdhry ● Feb 27, 2024

Mobile software company Mobly announced it raised $2.5 million in seed funding. The company's funding round is led by Peterson Ventures, with participation from VITALIZE Venture Capital, Peak Ventures, Tenzing Capital, Upstream Ventures, and Service Provider Capital, and several strategic angel investors.

High Q Technologies: Innovative Life Sciences Company Secures $3.75 Million

By Amit Chowdhry ● Feb 27, 2024

High Q Technologies - an innovative life sciences company that develops quantum-enabled scientific instruments for protein characterization in drug discovery - announced a $3.75-million Government of Canada investment through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) as part of the Regional Quantum Initiative.

FlowGPT: Open Ecosystem AI Platform Closes $10 Million In Funding

By Amit Chowdhry ● Feb 27, 2024

FlowGPT - an inclusive platform fostering an open ecosystem for AI application creators and the community - announced it had raised $10 million in a Pre-Series A round.