Venture Capital

Blue Wire Raises Growth Funding From Decathlon Capital Partners

By Amit Chowdhry ● Feb 22, 2024

Blue Wire (a media production and distribution company that allows independent podcasters to monetize their content) announced it has landed a growth funding package from Decathlon Capital Partners to support its expansion.

BridgeCare: Leading Data Infrastructure Platform For Early Care And Education Raises $10 Million

By Amit Chowdhry ● Feb 22, 2024

BridgeCare - a leading data and technology infrastructure platform for early care and education - announced a $10 million investment from Avenue Growth Partners (Avenue), an early growth equity investor in category-leading vertical SaaS companies. And BridgeCare, a modern SaaS solution with customers in 14 states, will invest in innovation and services to advance the mission of supporting state and local governments in making the ECE system more equitable and effective for all.

Insight M (Kairos Aerospace): Aerial Methane Detection Company Raises $52 Million

By Amit Chowdhry ● Feb 22, 2024

Kairos Aerospace - a leader in high-frequency aerial methane detection for the energy industry - announced the initial closing of its Series D funding at $52 million. The funding round was led by funds and accounts managed by BlackRock, with participation from Hartree Partners and existing investors DCVC, Climate Investment (an investment firm backed by 12 of the largest oil and gas companies in the world), and Energy Innovation Capital. Kairos will be rebranding as Insight M to align with its go-forward vision, a change that will officially launch later in Q1.

Oula: Modern Maternity Care Clinic Company Raises $28 Million

By Amit Chowdhry ● Feb 22, 2024

Oula (the first modern maternity care clinic combining the best of obstetrics and midwifery care) announced it raised a $28 million Series B funding round co-led by Revolution Ventures and Maverick Ventures, with participation from GV and existing investors, including the Female Founders Fund, 8VC, Alumni Ventures, and Great Oaks.

Partech: Africa II Fund Hits Final Close At Hard Cap At Above $300 Million

By Amit Chowdhry ● Feb 22, 2024

Partech (a global technology investment firm) announced the final closing of its second Africa fund, Partech Africa II, at a hard cap of €280 million ($300 million). It also opened a new office in Lagos and is looking to hire more team members.

Hack VC: web3-Focused Firm Closes Oversubscribed $150 Million Venture Fund I

By Amit Chowdhry ● Feb 22, 2024

Hack VC - a web3 venture capital firm - announced the final closing of its oversubscribed $150 million Venture Fund I to invest in early-stage web3 opportunities. a

9amHealth: $9.5 Million Raised To Advance Virtual Provider Platform For Cardiometabolic Health

By Amit Chowdhry ● Feb 22, 2024

9amHealth - a leading virtual provider for cardiometabolic health - announced it had raised $9.5 million in a Series A extension round today. The funding round was led by The Cigna Group Ventures, with additional support from existing institutional investors, including 7Wire Ventures, Define Ventures, Leaps by Bayer, and Founders Fund.

DocuPhase Reveals Major Investment From Aquiline Capital Partners And Level Equity

By Amit Chowdhry ● Feb 22, 2024

DocuPhase (a provider of accounting and finance process automation software) has announced a majority investment from Aquiline Capital Partners LP (a private investment specialist in financial services and related technologies) and Level Equity (a private investment firm focused on high-growth software businesses).

Revelstoke Capital Partners Reveals Partner Promotions

By Amit Chowdhry ● Feb 22, 2024

Revelstoke Capital Partners - a Denver-based private equity firm focused on building industry-leading companies in the healthcare and related health and wellness sectors - announced four internal Partner promotions. These Partners play a major role in leading Revelstoke's finance, value creation, ESG, and investor relations functions.

Highstreet Receives Investment From CIVC Partners

By Amit Chowdhry ● Feb 22, 2024

CIVC Partners (a Chicago-based middle market private equity firm focused on investments in the business services sector) has announced an investment in Highstreet IT Solutions in partnership with CEO Nick Magliato, CFO Ben Davies, and the Highstreet management team.

Ventiva: Electronic Device Cooling Solutions Company Raises $10 Million

By Amit Chowdhry ● Feb 22, 2024

Ventiva - a leading company in active cooling solutions for electronic devices - announced the successful completion of its $10 million Series C funding round. This investment was obtained from a balanced mix of new money from multiple investment funds along with strong participation from existing investors.

Definition Launches $80 Million Fund I

By Amit Chowdhry ● Feb 22, 2024

Definition has announced the launch of Fund I at $80 million. The firm is a high-conviction and low-velocity investment firm based in New York City.

University Medical Devices: $1.6 Million In Seed Funding Raised

By Amit Chowdhry ● Feb 22, 2024

University Medical Devices (UMD) announced the closing of the first round of seed funding. And UMD – which brings to market sophisticated healthcare technology from the University of Nebraska Medical Center and its commercialization wings UNeMed/UNeTech – has raised $1.6 million to drive the company’s mission of revolutionizing healthcare diagnostics.

DustPhotonics: Silicon Photonics Company Raises $24 Million

By Amit Chowdhry ● Feb 22, 2024

DustPhotonics - a leading developer of silicon photonics technology for data center and AI applications - announced the completion of its Series B follow-on funding round, an oversubscribed round of $24 million. The funding round was provided by a combination of prominent investors, including new and existing investors such as Sienna Venture Capital, Greenfield Partners, Atreides Management, and Exor Ventures.

Ziplines Education: $6.4 Million Secured To Help Higher Education Bridge Digital Skills Gap

By Amit Chowdhry ● Feb 22, 2024

Ziplines Education - an industry-leading education company that partners with universities to deliver industry-focused certificate courses that prepare professionals for a digital-first workforce - announced it has closed a $6.4 million Series A round of funding. Led by Jackson Square Ventures, with participation from existing investors, including Wildcat Venture Partners and WGU Labs, Ziplines Education will utilize the new financing to expand its team, develop proprietary technology products, and strengthen partnerships with universities to serve more continuing-education students.

BRIA: Responsible Visual Generative AI Open Platform Closes $24 Million In Funding

By Amit Chowdhry ● Feb 22, 2024

BRIA - a leading responsible visual generative AI open platform - announced it had raised $24 million in Series A funding in a round jointly led by GFT Ventures, Intel Capital, and Entrée Capital with additional investors including Publicis Groupe, Getty Images, Samsung Next, IN venture (Sumitomo Corporation, Japan), Atinum Investment (South Korea), Z Venture Capital (LY Corporation, Japan), Mirae Asset Venture Investment, J-Ventures, and others.

Ibex Investors: $106 Million Secured To Invest In Early-Stage Israeli Startups

By Amit Chowdhry ● Feb 22, 2024

Ibex Investors - a US-based multi-stage and multi-strategy investment firm - announced the closing of its fourth Israel-focused fund, Ibex Israel VC II LP, with $106 million in capital commitments to invest in early-stage Israeli startups. This Fund follows Ibex’s $100 million Israel early-stage fund raised in 2020 and the roster of limited partners includes founders and current and former executives across a wide range of sectors.

CVC Raises $6.8 Billion For Sixth Asia Fund

By Amit Chowdhry ● Feb 22, 2024

CVC - a leading global private markets manager focused on private equity, secondaries, credit and infrastructure - announced the closing of its sixth Asia fund, CVC Capital Partners Asia VI (Asia VI), with $6.8 billion in commitments. And Asia VI is 50% larger than its predecessor, CVC Capital Partners Asia V - which was raised in 2020 and closed at $4.5 billion.

Medical Microinstruments (MMI) Raises $110 Million To Increase Treatment Options And Improve Clinical Outcomes

By Amit Chowdhry ● Feb 22, 2024

MMI (Medical Microinstruments) - a robotics company dedicated to increasing treatment options and improving clinical outcomes for patients with complex conditions - announced that it had raised $110 million in Series C financing. The funding round was led by Fidelity Management & Research Company and marks the largest-ever investment in microsurgery innovation.

Buildstock: Construction Material Marketplace Company Raises $1.6 Million

By Amit Chowdhry ● Feb 22, 2024

Buildstock - a B2B marketplace and fintech platform for construction materials - announced it had secured $1.6 million in pre-seed funding from Precursor, MGV, XFactor, RefashionD, and visionary angels, including Osuke Honda (DCM), Nihal Mehta (Eniac), Shruti Gandhi (Array Ventures), Tom Peterson (Rally Ventures), Yun-Fang Juan, and Mark G (m]x[v Capital).

Ascend Elements: $162 Million Raised To Build Sustainable Lithium-Ion Battery Materials Domestically

By Amit Chowdhry ● Feb 22, 2024

Ascend Elements announced it has raised $162 million in new equity investments. The company’s major investors include Just Climate, Clearvision Ventures, and IRONGREY. The new equity financing brings the company's 12-month funding total to $704 million, including the $542 million funding round led by Decarbonization Partners, Temasek and Qatar Investment Authority in September 2023.

UnityAI: $4 Million Secured To Make Hospital Flow More Efficient

By Amit Chowdhry ● Feb 22, 2024

UnityAI - a healthcare technology startup founded by three seasoned engineers and data scientists with backgrounds at HCA Healthcare - announced the successful closure of its seed funding round, securing $4 million in total capital to date.

AtmosZero Closes $21 Million To Decarbonize Steam

By Amit Chowdhry ● Feb 22, 2024

AtmosZero - a company on a mission to decarbonize steam - announced the closing of a $21 million Series A round co-led by Engine Ventures and 2150 to accelerate the commercialization of its Boiler 2.0 technology. And Constellation Technology Ventures, the strategic venture arm of Constellation Energy Corporation also joined the round along with existing backers Energy Impact Partners, Starlight Ventures, and AENU.

Trace Genomics: DNA-Based Soil Intelligence Leader Secures $10.5 Million In Funding

By Amit Chowdhry ● Feb 22, 2024

Trace Genomics - an industry leader in DNA-based soil intelligence - announced its successful Series B funding round at $10.5 million led by existing investors S2G Ventures and Ajax Strategies, and new investor Rabo Ventures. The funding round exceeded expectations and demonstrated strong investor confidence in Trace's trajectory and growth strategy. With this funding round, Trace plans to expand its commercial growth, making its offerings available to more farmers and agronomists.

Device Authority: Enterprise IoT Identity And Access Management Company Secures $2 Million

By Amit Chowdhry ● Feb 22, 2024

Device Authority (a global leader in identity and access management for Enterprise IoT ecosystems) announced it has secured a further $2 million in Series A funding from Prelude, the venture practice for Mercato Partners.

Niron Magnetics: Funding Raised From Samsung Ventures, Allison Transmission, And Magna

By Amit Chowdhry ● Feb 22, 2024

Niron Magnetics (a company pioneering the world's first high-performance rare earth-free permanent magnets) announced it has received $25 million in new strategic funding. This funding round was led by Samsung Ventures. Allison Ventures (the venture capital arm of Allison Transmission) was also part of this funding round, along with one of the world’s largest automotive suppliers Magna.

Cagent Vascular: Commercial Stage Medical Device Company Raises $30 Million

By Amit Chowdhry ● Feb 22, 2024

Cagent Vascular (a rapidly growing commercial-stage medical device company) announced a Series C Financing of over $30 million. U.S. Venture Partners (USVP) led the round. The participation included new investor Blue Ridge Medical, LLC and existing investors, including Sectoral Asset Management.

Montana Technologies Raises Funding From Rice Investment Group

By Amit Chowdhry ● Feb 22, 2024

Montana Technologies announced that Rice Investment Group has committed to invest $10 million in Montana as part of a private capital consortium led by Carrier Ventures. And following the closing of its business combination with Power & Digital Infrastructure Acquisition II Corp (XPDB, XPDBU, XPDBW on NASDAQ) expected in March, Montana will trade on the NASDAQ under the ticker symbol "AIRJ".

AZmed: €15 Million Closed To Reshape The Future Of Medical Imaging

By Amit Chowdhry ● Feb 22, 2024

AZmed - a leading European MedTech startup, has secured €15 million in Series A funding. The operation includes investors such as Maison Worms, Techstars, and Teampact Ventures. The investment supports AZmed's overarching objective of shaping the future of medical imaging with artificial intelligence by accelerating the workflows of radiologists.

Pagaya Closes $400 Million Consumer Loan Asset-Backed Securitization

By Amit Chowdhry ● Feb 22, 2024

Pagaya Technologies - a global technology company delivering AI-driven product solutions for the financial ecosystem - announced the closing of PAID 2024-2, its 49th asset-backed securitization (ABS) and its second in 2024. Kroll Bond Rating Agency rated the deal.