Venture Capital

Loora: Generative AI English Language Learning Company Raises $12 Million

By Amit Chowdhry ● Feb 21, 2024

Loora – a generative AI English language learning company - announced today that it raised $12 million in a Series A financing round from lead investor QP Ventures, with participation from new investor Hearst Ventures and existing investors Emerge and Two Lanterns Venture Partners and others.

Nulogy Raises Strategic Investment From Rubicon Technology Partners

By Amit Chowdhry ● Feb 21, 2024

Nulogy (a leading provider of supply chain collaboration solutions) announced it has secured a strategic investment from Rubicon Technology Partners (a growth-oriented private equity firm based in Boulder, Colorado, that is focused exclusively on investing in and growing enterprise software companies).

HASSLACHER group Invests In Element5

By Amit Chowdhry ● Feb 21, 2024

The HASSLACHER group is acquiring a stake in Element5 (a mass timber producer specializing in the design, manufacture and assembly of modern engineered timber buildings). Based near Toronto, Canada, the company employs over 100 people and produces cross-laminated timber and glued laminated timber for the North American market. As a leader in the European timber industry, and an innovation driver in wood processing, the HASSLACHER group is taking an important strategic step in the North American market.

IsomAb Closes £7.5 Million To Develop Isoform-Specific Disease Modifying Antibody Treatment

By Amit Chowdhry ● Feb 21, 2024

IsomAb Ltd - a UK-based biotechnology company - announced today the closing of a £7.5 million (approximately US$9.4 million) Seed financing round, led by Broadview Ventures, with further backing from existing investor, SCVC and participation from MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Ventures and part of the Midlands Engine Investment Fund (MEIF).

MIP Discovery: £7 Million Secured To Accelerate Development And Production Of Cell And Gene Therapies

By Amit Chowdhry ● Feb 21, 2024

MIP Discovery (an innovative developer of non-biological affinity reagents designed to accelerate the development and production of cell and gene therapies) announced it has closed a £7 million GBP (about $9 million USD) Series A funding round, led by Mercia Ventures. Existing investor Calculus Capital also participated in the round, along with angel investors. This investment marks a pivotal change for MIP Discovery as the company refocuses its mission on improving the downstream processing of cell and gene therapies, to accelerate widespread adoption of these potentially life-changing medicines.

Round13 Digital Asset Fund Reports Over 40% Gains Since Launching

By Amit Chowdhry ● Feb 21, 2024

Round13 Digital Asset Fund (DAF) - which is Canada's only crypto native fund with a unique open-ended structure - announced gains in excess of 40% since its launch in April 2022 amid a challenging market environment. This Fund has quickly made its mark and is consistently outperforming leading cryptocurrencies BTC by 30% and ETH by 60%.

Agilio Receives New Investment From Five Arrows And TA

By Amit Chowdhry ● Feb 21, 2024

Agilio - a leading UK frontline healthcare operations software provider - announced a strategic growth investment from Five Arrows (the alternative assets arm of Rothschild & Co) and TA Associates to support the next phase of the company’s ambitious expansion plans.

Monumental: Robotics Company Raises $25 Million

By Amit Chowdhry ● Feb 20, 2024

Monumental – a robotics startup on a mission to solve the labor, cost, and sustainability challenges crippling the global construction industry – announced it has raised $25 million in funding led by Plural and Hummingbird. Northzone, Foundamental, NP-Hard Ventures and Material Ventures, and other high-profile angel investors also joined the round.

Recogni: AI-Based Computing Leader Company Secures $102 Million

By Amit Chowdhry ● Feb 20, 2024

Recogni - a leader in AI-based computing - announced the closing of $102 million in Series C funding, co-led by Celesta Capital and GreatPoint Ventures. And existing investors Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund also participated.

Fever: €10 Million Raised To Expand Platform For Virtual Power Plants

By Amit Chowdhry ● Feb 19, 2024

Fever - a Swedish powertech company building an API-centric platform for virtual power plants - announced it raised €10 million in a seed funding round led by General Catalyst, with participation from previous investors, including La Famiglia and Norrsken VC. This funding round will accelerate Fever’s expansion plans, deepen product development, and expand collaborations across Europe.

Magic AI: $117 Million Raised To Develop Advanced AI System For Automating Software Development

By Amit Chowdhry ● Feb 19, 2024

Magic AI - a San Francisco-based startup - announced it raised $117 million in Series B funding for further developing its advanced AI system aimed at automating software development. The funding round was led by Nat Friedman and Daniel Gross’s NFDG Ventures, with additional participation from CapitalG and Elad Gil. This funding round brought Magic’s total funding to date to over $145 million.

Aegir Insights: Decision-Making Software Provider Raises €8.5 Million

By Amit Chowdhry ● Feb 19, 2024

Aegir Insights - a leading provider of decision-making software, data, and intelligence for the offshore wind sector - announced it had raised €8.5 million in Series A funding, led by Seaya Andromeda, with the participation of Climentum Capital. The company will use the funding to develop the next generation of its web platform, encompassing decision software, data, and intelligence products for the offshore wind industry.

Pulsate: Personalized Member Engagement Company Raises $7.75 Million

By Amit Chowdhry ● Feb 19, 2024

Pulsate - a provider of mobile-first engagement solutions that deepen digital banking relationships and cut through noise in consumers’ moments of need - announced it has raised $7.75 million in Series A funding, led by TruStage Ventures and Curql Collective.

GlobalFoundries Raises $1.5 Billion From U.S. Department Of Commerce

By Amit Chowdhry ● Feb 19, 2024

The U.S. Department of Commerce announced $1.5 billion in planned direct funding for GlobalFoundries as part of the U.S. CHIPS and Science Act. This funding will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.

The Cloud Secures $12 Million And Acquires KBOX

By Amit Chowdhry ● Feb 19, 2024

The Cloud (a Hub71 food tech startup) announced the successful first close of its $12 million Series B funding round out of a total of $30 million it is raising. The funding round saw participation from a new investor, MENA Moonshots, which showcases confidence in The Cloud's ambitions to innovate and expand.

Vatom: Customer Engagement Platform Company Raises $10 Million

By Amit Chowdhry ● Feb 19, 2024

Vatom announced that it has completed an initial $10 million Series B financing. This funding round is being led by GSV AirCO, a global venture capital fund focused on the rapidly growing digital education market. And Michael Moe, founder and CEO of GSV will join Vatom's board of directors.

DataBank: Edge Colocation And Interconnection Company Raises $456 Million

By Amit Chowdhry ● Feb 19, 2024

DataBank - a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services - announced that it has issued $456 million of secured notes that represent its fourth securitization since 2021 and first green financing, bringing the total securitized portfolio to $2.16 billion of investment grade bonds.

LeoLabs: $29 MIllion Raised For Delivering AI-Based Insights For Space Operations

By Amit Chowdhry ● Feb 19, 2024

LeoLabs - the company with the largest and most comprehensive commercial catalog of objects in low Earth orbit - announced it raised an additional $29 million in financing. This latest funding round enables LeoLabs to scale up its insight delivery by further investing in advanced end-user applications and partner integrations.

Global Millennial Capital: $20 Million Raised To Fund Early Stage Ventures

By Amit Chowdhry ● Feb 19, 2024

Global Millennial Capital (GMCL) - an award-winning venture capital fund that uses a data-driven research approach to identify investment white spaces in the global technology sector and reduce investment bias - announced the closing of its first $20 million fund as part of an oversubscribed private subscription round.