Venture Capital

Bobyard Raises $35 Million Series A To Expand AI-Driven Construction Estimating Platform

By Amit Chowdhry ● Dec 12, 2025

Bobyard, an artificial intelligence platform focused on transforming how contractors perform construction takeoffs and estimates, has raised $35 million in a Series A financing round led by 8VC. Additional participants in the round include Pear VC, Primary Venture Partners, Tishman Speyer, RXR, Caffeinated Capital, and Merrick Ventures.

Crisp Raises $26 Million In Series B1 Funding To Scale Vertical AI For Retail And Supply Chains

By Amit Chowdhry ● Dec 12, 2025

Crisp has closed a $26 million Series B1 financing round to accelerate the expansion of its vertical artificial intelligence solutions for the retail industry. The round was led by Paine Schwartz Partners, with participation from Blue Cloud Ventures, FirstMark Capital, Cox, DNX, Prologis, and Wellington Management. The financing brings Crisp’s total capital raised since its founding in 2017 to $127 million.

Kilo: $8 Million Seed Funding Closed To Accelerate Agentic Engineering Platform

By Amit Chowdhry ● Dec 12, 2025

Kilo Code, an open source coding agent focused on agentic engineering, has raised $8 million in seed funding as it looks to expand its platform and deepen adoption among software developers and engineering teams. The round was led by Cota Capital, with participation from Breakers, General Catalyst, Quiet Capital, and Tokyo Black. The company is based in San Francisco and launched earlier this year.

New Mexico DFA Expands Match Fund To $147 Million

By Amit Chowdhry ● Dec 12, 2025

New Mexico’s Department of Finance and Administration has secured an additional $72 million in funding following the implementation of Euna Grants, a cloud-based grants management platform developed by Euna Solutions. The expanded funding brings the total value of the New Mexico Match Fund to $147 million and reflects a significant increase in federal dollars leveraged through state investment.

Medra Raises $52 Million Series A To Build Physical AI Scientists

By Amit Chowdhry ● Dec 12, 2025

Medra, a San Francisco-based company developing what it describes as the world’s first platform for Physical AI Scientists, has raised $52 million in a Series A financing to accelerate the development of its autonomous laboratory technology. The round was led by Human Capital, with participation from existing investors Lux Capital, Neo, and NFDG, as well as new investors Catalio Capital Management, Menlo Ventures, 776, Fusion Fund, and others.

Harness: $240 Million Series E At $5.5 Billion Valuation Raised To Advance AI Across Software Delivery

By Amit Chowdhry ● Dec 12, 2025

Harness has secured $240 million in Series E financing as it accelerates its mission to bring artificial intelligence to every stage of software delivery that follows code creation. The round includes a $200 million investment led by Goldman Sachs and a planned $40 million tender offer with participation from IVP, Menlo Ventures, and Unusual Ventures, valuing the company at $5.5 billion.

Alphyn Biologics: $25 Million Series B Raised To Advance Dermatology Clinical Programs

By Amit Chowdhry ● Dec 12, 2025

Alphyn Biologics, a clinical-stage dermatology company focused on developing first-in-class multi-target therapeutics for severe and common skin diseases, has closed a $25 million Series B financing round, twice oversubscribed. QCA Investment Group led the Series B round. It included participation from existing investors Angel Physicians Fund and Serial Stage Venture Partners, as well as a corporate fund, along with several new investors. The strong demand for the round reflects growing investor confidence in Alphyn’s proprietary Multi-Target Therapeutic Drug Platform and the potential of its lead candidate, Zabalafin Hydrogel, to address multiple underlying drivers of inflammatory and infectious skin diseases.

InduPro: Strategic Equity Investment Raised From Sanofi

By Amit Chowdhry ● Dec 12, 2025

InduPro Therapeutics announced a strategic equity investment from Sanofi along with a new research collaboration designed to accelerate the development of InduPro’s bispecific PD-1 agonist program for autoimmune and inflammatory disorders.

Serval: $75 Million Series B At $1 Billion Valuation Raised For Enterprise Automation Platform

By Amit Chowdhry ● Dec 12, 2025

Serval has secured $75 million in Series B funding led by Sequoia Capital, bringing the company’s valuation to $1 billion and marking a significant milestone in its evolution from an IT automation tool to a horizontal enterprise platform. The latest funding round also included participation from Redpoint, Meritech, First Round, General Catalyst, Evantic, Sound Ventures, Radical Ventures, and others. In total, Serval has raised $127 million since August.

On Me: $6 Million Seed Funding Closed To Expand Its Digital Gifting Platform

By Amit Chowdhry ● Dec 12, 2025

On Me has secured a $6 million seed round to advance its personalized digital gifting platform, one of the largest consumer fintech seed financings completed in 2025. The round was led by NFX with participation from pre-seed investors Lerer Hippeau and focal.

Fervo Energy: $462 Million Raised To Advance Next-Generation Geothermal Expansion

By Amit Chowdhry ● Dec 12, 2025

Fervo Energy has secured a $462 million Series E round to accelerate the commercial buildout of its next-generation geothermal portfolio, marking one of the largest private financings in the geothermal sector. New investor B Capital led the oversubscribed round. And it included participation from a broad base of new and returning investors, reflecting rising market confidence in Fervo’s ability to deliver large-scale, around-the-clock carbon-free power.

Finance Of America: $2.5 Billion Strategic Partnership Secured To Expand Home Equity Lending Platform

By Amit Chowdhry ● Dec 12, 2025

Finance of America Companies Inc. announced a significantly expanded $2.5 billion strategic partnership with funds managed by Blue Owl Capital, marking one of the company’s most significant capital commitments to date and signaling a major investment in the growing U.S. retirement and home equity financing market.