Venture Capital

Claim: Social App Company Raises $12 Million (Series A)

By Amit Chowdhry ● Oct 15, 2024

Claim, a viral social app transforming how Gen Z discovers brands, announced a $12 million Series A funding round led by VMG Technology. Prior leads Sequoia Capital and Susa Ventures participated, as did new investor Lightbank.

TreQ: Quantum Computing Company Closes $5 Million (Seed)

By Amit Chowdhry ● Oct 15, 2024

Quantum computing company TreQ Global announced that it closed an oversubscribed seed round at over $5 million. Lavrock Ventures led the round, with Creator Fund, Green Sands Equity, and firstminute capital joining the syndicate. And Lavrock's Steve Smoot will join TreQ's Board of Directors.

Unify Raised To Scale Creativity Of Revenue Teams

By Amit Chowdhry ● Oct 15, 2024

Go-to-market technology company Unify announced that it has raised $19 million of Series A and Seed financing. The Series A funding was led by existing investors Emergence Capital and Thrive Capital, with participation from OpenAI Startup Fund, Neo, Abstract, 20Sales, and Altcap. And the company has also announced Unify 2.0, the company’s latest product offering to scale revenue teams’ creativity, including the launch of Unify Plays and AI Agents.

Bitlayer: Bitcoin Second-Layer Network Company Raises $9 Million (Series A)

By Amit Chowdhry ● Oct 15, 2024

Bitlayer, the first Bitcoin Layer 2 based on Bitcoin finality, announced it has recently closed a $9 million extension to its previously announced Series A funding round. The extended A round is led by Polychain Capital and co-led by Franklin Templeton, with participation from SCB Limited, Selini Capital, G-20 Group and other renowned institutional investors.

Noetica AI: $22 Million (Series A) Raised To Advance AI-Based Platform For Benchmarking Deal Terms

By Amit Chowdhry ● Oct 15, 2024

Noetica AI, an AI-based software platform for benchmarking deal terms, announced $22 million in Series A funding as it continues to deliver best-in-class capital markets insights to top law firms and financial institutions. The round was led by Lightspeed Venture Partners, with participation from Thompson Reuters Ventures, Bling Capital, Flybridge Capital, Company Ventures, and TheLegalTech Fund.

COVU: AI-Based Insurance Agency Service Raises $12.5 Million (Series A Tranche)

By Amit Chowdhry ● Oct 15, 2024

COVU - a leader in AI-native services for insurance agencies - announced the completion of $12.5 million in equity and debt financing as part of the first tranche of its Series A funding round. This brings the total funding to date to over $20 million.

Ithaca: Crypto Infrastructure Company Raises $20 Million

By Amit Chowdhry ● Oct 15, 2024

Paradigm recently announced a $20 million investment in crypto infrastructure company Ithaca, which is a startup focused on expanding R&D of open source tools like Reth and Foundry and building commercial products.

Zap Energy: $130 Million (Series D) Raised To Build A Scalable Fusion Energy Platform

By Amit Chowdhry ● Oct 15, 2024

Zap Energy announced it has started operations of Century, its new high-rep-rate, liquid-metal-cooled fusion test platform, and closed $130 million of fresh capital, marking significant steps toward a commercial fusion power plant. And Century is the first fully-integrated demonstration of three major plant-relevant technologies operating at up to 100 kilowatts of input power.

NEC X Unveils Elev X! Ignite Cohort Batch 12

By Amit Chowdhry ● Oct 15, 2024

NEC X, a Silicon Valley venture studio backed by NEC’s advanced technologies, recently revealed the seven new standout startups selected for the Elev X! Ignite cohort Batch 12.

Angeion Group Raises Majority Investment From Renovus Capital Partners

By Amit Chowdhry ● Oct 15, 2024

Renovus Capital Partners, a private equity firm based in Philadelphia, announced that it has acquired a majority stake in class action case management solutions provider Angeion Group. Angeion founder and CEO Steven Weisbrot and senior members of the management team have maintained a significant ownership stake in the company and will continue to drive the platform's growth in partnership with Renovus.

Solifi: Majority Investment Raised From TA

By Amit Chowdhry ● Oct 15, 2024

Solifi, a global fintech software partner for secured finance, announced that it will receive a majority investment from TA Associates, a leading global private equity firm. This deal will accelerate Solifi’s growth by supporting product innovation, expanding into adjacent financing markets and new geographies, and delivering enhanced customer value. Existing investor Thoma Bravo, a leading software investment firm, will continue to maintain a meaningful stake in Solifi.

Heliene Closes Strategic Investment Of Up To $54 Million From Transition Equity

By Amit Chowdhry ● Oct 15, 2024

Heliene, a leading North American solar PV module manufacturer, has announced the closing of a strategic equity investment of up to $54 million from Transition Equity Partners (TEP) in collaboration with a consortium of limited partners, including affiliates of Hamilton Lane.

Beacon AI: Aviation Intelligence Company Raises $15 Million (Series A)

By Amit Chowdhry ● Oct 15, 2024

Beacon AI, an aviation intelligence startup, announced it raised $15 million in Series A funding, led by Costanoa Ventures, with significant participation from Scout Ventures, joining numerous new and existing investors including Sam Altman, and JetBlue Ventures raising the total venture funding to $20 million.

Relyance AI: $32 Million (Series B) Raised For Safeguarding AI Innovation

By Amit Chowdhry ● Oct 15, 2024

Relyance AI, a leading AI-based data governance platform that provides complete visibility and control over enterprise-wide data, announced a $32.1 million Series B funding round to scale operations and meet the needs of the exploding use of AI in the enterprise. Thomvest Ventures led the round. And M12 (Microsoft Ventures Fund) also participated in addition to Cheyenne Ventures and existing investors Menlo Ventures and Unusual Ventures.

Imprint: Co-Branded Credit Card Provider Raises $75 Million (Series C)

By Amit Chowdhry ● Oct 15, 2024

Imprint, a leading provider of modern co-branded credit cards, announced it has raised $75 million in a Series C funding led by Keith Rabois at Khosla Ventures, with participation from existing investors including Thrive Capital, Kleiner Perkins, and Ribbit Capital. This latest financing round elevates Imprint’s valuation to $600 million, reflecting its continued momentum following several recent partnerships with leading brands.

Cytovale: Medical Diagnostics Company Secures $100 Million (Series D)

By Amit Chowdhry ● Oct 15, 2024

Cytovale, a commercial-stage medical diagnostics company focused on advancing early detection technologies to diagnose fast-moving and immune-mediated diseases, announced it has raised $100 million in Series D funding led by Sands Capital. The funding round included participation from new investor Canada Pension Plan Investment Board (CPP Investments) and existing investors Norwest Venture Partners, Global Health Investment Corporation, and Breakout Ventures (an early investor of the company).

TOCA Football: $100 Million Raised To Accelerate Expansion

By Amit Chowdhry ● Oct 15, 2024

TOCA Football - the world's leading soccer experience company - announced that it raised approximately $100 million in private offerings to accelerate its global growth by investing in new technologies, upgrading its TOCA Soccer training centers, and opening additional soccer-themed TOCA Social entertainment venues. TOCA raised the Series F round from existing shareholders and new investors.

IN BOLD PRINT: Carbon Management Platform Company Raises $1 Million (Pre-Seed)

By Amit Chowdhry ● Oct 15, 2024

IN BOLD PRINT, a leading carbon management platform for businesses of all sizes, announced it closed a pre-seed round of $1 million. This latest funding round reaffirmed the company’s critical support of small-to-midsized businesses along the consumer goods supply chain, which are increasingly required to report on carbon emissions. VC 414 led the round and was joined by additional venture firms focused on bolstering climate solutions. Plus, Schreiber Foods and Palermo’s Pizza, which sell their products in major national retailers, joined the round as IN BOLD PRINT customers and strategic partners.

Suki: AI-Based Healthcare Leader Raises $70 Million (Series D)

By Amit Chowdhry ● Oct 15, 2024

Suki, a leader in artificial intelligence (AI) technology for healthcare, announced $70 million in new funding on the strength of its health system and electronic health record (EHR) partnerships, including collaborations with Epic, Oracle Cerner, MEDITECH, and Athena. And Suki’s goal is to make healthcare technology invisible and assistive with an AI platform that powers the industry.

Rivermark Medical: $30 Million (Series C) Closed To Advance Development Of Flostent

By Amit Chowdhry ● Oct 15, 2024

Rivermark Medical, a leader in minimally invasive solutions for Benign Prostatic Hyperplasia (BPH), announced the closing of a $30 million Series C financing round. The funding round was led by American Century Investments (ACI), including new investors Venture Investors Health Fund, Time BioVentures, and an unnamed strategic investor, with follow-on participation from existing investors View Ventures, Cadence Healthcare Ventures, and Anduril Investors.

Document Crunch: Construction-Focused Compliance Platform Raises $21.5 Million (Series B)

By Amit Chowdhry ● Oct 15, 2024

Document Crunch, which is a document compliance platform for the construction industry, announced it has raised $21.5 million in Series B funding. The funding round was led by Titanium Ventures and included participation from key strategic partner Nemetschek Group, along with major construction companies like Andres Construction and Satterfield & Pontikes, plus existing investors, including Navitas Capital, Zacua Ventures, Fifth Wall, and Ironspring Ventures. Along with the funding round, the company will add Yash Patel, General Partner at Titanium Ventures as a new member to its Board of Directors.

Sidepit: Pre-Seed Raised To Transform Financial Markets

By Amit Chowdhry ● Oct 15, 2024

Fintech startup Sidepit announced the closing of its pre-seed financing round. This funding round will enable Sidepit to accelerate the development of a transformative trading platform built around a patented Decentralized Limit Order Book (DLOB). This new technology is designed to democratize trading by eliminating the hidden market manipulation commonly found in both centralized and decentralized exchanges.

Major League Table Tennis: Strategic Investment Raised To Accelerate Growth

By Amit Chowdhry ● Oct 15, 2024

Major League Table Tennis (MLTT) announced a significant strategic investment round to accelerate the growth, continue the momentum, and transform the landscape of professional table tennis in North America. This follows the momentum of a successful inaugural 2023-24 season.

Arda Therapeutics: Targeted Cell Depletion Therapy Company Raises $43 Million (Series A)

By Amit Chowdhry ● Oct 15, 2024

Arda Therapeutics, a pioneer in targeted cell depletion therapies for chronic diseases, announced the successful completion of a $43 million Series A funding round. This funding round was led by existing investor Andreessen Horowitz (a16z Bio + Health), with participation from Two Sigma Ventures, RV Invest, Eli Lilly and Company, GV, Biovision Ventures, Valhalla Ventures, Indicator Ventures, Alumni Ventures, LifeLink Ventures, Mana Ventures, Gaingels and ExitFund.

clock.bio: Healthspan Biotech Company Secures $5.3 Million (Seed)

By Amit Chowdhry ● Oct 15, 2024

Healthspan biotech company clock.bio announced it has raised $5.3 million in seed funding, led by LocalGlobe and with participation from BlueYard Capital, Onsight Ventures, and Dr. Jonathan Milner (the founder of Abcam). The company made significant progress in decoding the biology of human rejuvenation, identifying more than 100 genes that jointly constitute an "Atlas of Rejuvenation Factors.”

Third Dimension: $7 Million (Seed) Raised To Redefine 3D Creation

By Amit Chowdhry ● Oct 15, 2024

3D Generative AI company Third Dimension AI announced the closing of its $7 million seed financing led by Felicis, with participation from Abstract Ventures, MVP, Soma Capital, Solari Capital, and other investors. The capital will be used to expand the Third Dimension team and further train 3D generative AI models that will bring to life Third Dimension's goal of becoming a leading 3D company.

NineDot Energy: Over $40 Million In Tax Equity Financing Closed

By Amit Chowdhry ● Oct 15, 2024

NineDot Energy, a leading developer of community-scale battery energy storage systems (BESS) in the New York City metro area, announced the closing of the company’s first tax equity financing of over $40 million. The deal was facilitated by Monarch Private Capital and involves seven battery storage projects in the New York City region.

Glooko: Digital Health Company Raises $100 Million (Series F)

By Amit Chowdhry ● Oct 15, 2024

Glooko, a global integrated digital health company connecting patients, providers, biopharma, and medical device partners, announced that it has secured a $100 million Series F funding round. And the company’s Board of Directors also announced the appointment of Mike Alvarez as CEO.

watchTowr: Cybersecurity Company Secures $19 Million (Series A)

By Amit Chowdhry ● Oct 15, 2024

watchTowr, a cybersecurity startup redefining External Attack Surface Management, announced a $19 million Series A funding round led by Peak XV (formerly known as Sequoia India & Southeast Asia), with repeat participation from Prosus Ventures and Cercano Management. And the company will use the funds to capture market leadership and accelerate global growth by expanding its go-to-market, research and engineering teams. The latest investment has raised its total to $29 million.

Booster Therapeutics: $15 Million Raised For Advancing New Class Of Proteasome Activator Medicines

By Amit Chowdhry ● Oct 15, 2024

Booster Therapeutics, a biotechnology company pioneering a new class of proteasome activator medicines to treat neurodegenerative and other diseases, launched with the support of a $15 million financing led by noted life sciences investors Apollo Health Ventures and Novo Holdings. Booster was created by Dr. Diogo Feleciano, Prof. Dr. Darci Trader, and Apollo Health Ventures, emerging from Apollo's company creation investment strategy. The company is developing small molecule therapeutics that boost the innate activity of proteasomes to restore the body’s ability to remove a wide range of disease-causing proteins.