Venture Capital

Valesco Industries Investing In Blower Application

By Amit Chowdhry ● Feb 27, 2024

Valesco announced it closed its first platform investment out of Valesco Fund III. Based in Germantown, WI, Blower Application, LLC (BloApCo) manufactures and designs solid waste and scrap handling systems and processing equipment, primarily for corrugated box and packaging plants and the retail distribution industry.

Addionics Investing $400 Million Into U.S. Manufacturing Facilities

By Amit Chowdhry ● Feb 27, 2024

Addionics - a provider of next-generation battery technologies - announced a planned $400 million investment into its U.S. manufacturing facilities as part of a multi-year roadmap to support domestic EV battery production.

GoldenTree Asset Management Closes $449 Million CLO Under GLM Strategy

By Amit Chowdhry ● Feb 27, 2024

GLM III, LP and its affiliated investment manager GoldenTree Asset Management LP announced the closing of a $449 million collateralized loan obligation (CLO) to be managed by GLM III. And with the closing of this CLO, GoldenTree Loan Management US CLO 19, GoldenTree has issued 25 CLOs totaling over $14 billion under its GLM CLO strategy.

Hospitality Management Company Montage International Raises Strategic Investment

By Amit Chowdhry ● Feb 27, 2024

Montage International - a premier hospitality management company founded by Alan J. Fuerstman - announced it has received a strategic investment arranged by Luxor Capital Group. Along with investments by affiliate funds of Luxor, the investment group comprises significant commitments from funds managed by Goldman Sachs Asset Management and funds and accounts managed by BlackRock.

NLX Raises $12 Million To Transform How AI Powers Customer Experiences

By Amit Chowdhry ● Feb 27, 2024

NLX – a company that is transforming the way AI powers customer experiences for large and enterprise brands - announced it has raised $12 million in Series A funding, led by Cercano and joined by Thayer Ventures and HL Ventures. Initial investors IAG Capital Partners, JetBlue Ventures, and Tech Square Ventures' Engage also contributed to this new round of funding.

mTab: Market Insights Platform Raises $15 Million

By Amit Chowdhry ● Feb 27, 2024

mTab - a leading market insights platform and a portfolio company of Milestone Partners - announced the closing of a $15 million growth credit financing by Kayne Anderson Growth Capital. And the latest funding comes as the company further accelerates its growth and global expansion to support more customers in new industries, along with advanced technology enhancements to its platform.

Eigen Labs: $100 Million Raised From Andreessen Horowitz

By Amit Chowdhry ● Feb 27, 2024

Eigen Labs is a research organization that contributes to protocols that supercharge innovation on Ethereum. The company recently announced it raised $100 million in funding from Andreessen Horowitz’s a16z crypto.

Frontier Medicines: Oversubscribed $80 Million Funding Round Raised To Support Progress of Clinical-Stage Pipeline

By Amit Chowdhry ● Feb 27, 2024

Frontier Medicines - a precision medicine company seeking to unlock the proteome to advance transformational therapies against otherwise undruggable disease-causing targets - announced the closing of an oversubscribed $80 million Series C financing. The funding was co-led by Deerfield Management Company and Droia Ventures, with significant participation from Galapagos NV (Euronext & NASDAQ: GLPG) as a strategic investor and contributions from new and existing investors, including DCVC Bio, MPM Capital, and RA Capital Management. This Series C funding brings the total capital raised since Frontier’s founding to $235.5 million.

Baseimmune: $11.3 Million Closed To Use AI For Predicting Future Pathogen Mutations To Generate Novel Vaccines

By Amit Chowdhry ● Feb 27, 2024

Baseimmune - a biotech company that uses proprietary and deep learning AI to predict future pathogen mutations to generate novel vaccines - announced the close of $11.3 million [£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.

Prowler: Open Cloud Security Company Raises $6 Million

By Amit Chowdhry ● Feb 27, 2024

Prowler - a leader in open cloud security – announced it secured a $6 million seed funding round led by Decibel VC. The company will use funds raised to expand the engineering, sales, and marketing teams, improve operations, and drive greater product innovation.

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

By Amit Chowdhry ● Feb 27, 2024

Intenseye - a leader in AI-powered workplace safety solutions - announced it raised $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. This latest funding round is the industry's largest ever.