Venture Capital

Incision Management Company BRIJ Medical Raises $5.5 Million

By Annie Baker ● Feb 13, 2024

BRIJ Medical (a leader in the incision management and support industry) has unveiled a strategic rebrand from Brijjit Medical to BRIJ Medical. And BRIJ Medical is introducing new technologies to minimize wound complications and improve scar therapy. The funding round was led by Tim Gleeson (Vidant Capital) and an impressive list of MedTech industry veterans.

Cardboard Spaceship: $1 Million Raised For Funding LaunchPad Ventures

By Annie Baker ● Feb 13, 2024

Cardboard Spaceship announced the launch of its newest strategic initiative, LaunchPad Ventures, which will operate as a private equity affiliate of the video production company. With an initial $1 million in capital, LaunchPad Ventures (via Cardboard Spaceship) will focus on creating cinematic content to meet the growing demand for quality digital assets available for licensing on digital platforms like Filmsupply.

Groover: Music Promotion Platform Company Raises $8 Million

By Noah Long ● Feb 13, 2024

Groover - an innovative music promotion platform – announced an $8 million Series A funding round, led by investors OneRagtime, Trind, Techmind, and MozzaAngels, and supported by historical backers, Partech, Bpifrance's Tech & Touch fund, Verve Ventures, and Frenchfounders. This new funding round will consolidate Groover's position as an all-in-one platform solution by integrating additional services such as promotion, marketing, coaching, and career development support to strengthen the company's strategic presence in the North American, European, and Latin American markets.

Exponential Markets Raises Strategic Investment From Citi

By Amit Chowdhry ● Feb 13, 2024

Today fintech company Exponential Markets (formerly branded Exponential Exchange) announced a strategic investment from Citi to develop and launch innovative risk mitigation tools. Citi invested in Exponential’s most recent seed round, led by MaC Venture Capital, and included support from Autotech Ventures and Avanta Ventures. This funding round raised the total amount to over $10 million.

Beta Boom: $14.5 Million Fund II Closed To Invest In Solutions For Underserved Populations

By Amit Chowdhry ● Feb 13, 2024

Greenidge Generation: Vertically Integrated Cryptocurrency Datacenter Company Raises $6 Million

By Noah Long ● Feb 13, 2024

Greenidge Generation Holdings - a vertically integrated cryptocurrency datacenter and power generation company - announced that it has entered into a securities purchase agreement with Armistice Capital that includes an initial investment of $6 million. And the investment from Armistice Capital will provide Greenidge with long-term capital to support the company’s growth strategy and is expected to fund its expansion into low-cost power centers, bitcoin mining, its EPCM business, new AI infrastructure/data centers, and innovative efforts to support increased interest in bitcoin.

Epiris: Over £1 Billion Raised For Fund III

By Amit Chowdhry ● Feb 13, 2024

Epiris announced the final close of Epiris Fund III with total commitments of £1.044 billion. This fund had a target of £850 million and was oversubscribed at its hard cap.

Alys Pharmaceuticals: $100 Million Financing Raised From Medicxi

By Amit Chowdhry ● Feb 13, 2024

Alys Pharmaceuticals - an immuno-dermatology focused company - recently launched with an R&D pipeline enabled by multiple platform technologies and a $100 million financing by Medicxi. Originating from the aggregation of six asset-centric Medicxi companies, Alys features a robust pipeline of innovative programs and platforms targeting multiple dermatological indications.

LeoLabs: $29 Million Closed To Create Enhanced AI-Powered Insights For Space Operations

By Amit Chowdhry ● Feb 13, 2024

LeoLabs - a 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.

Koloma: Geologic Hydrogen Company Raises $246 Million

By Amit Chowdhry ● Feb 13, 2024

Koloma - a geologic hydrogen company that utilizes its technology, proprietary data, and human capital advantages to identify and commercialize these resources globally - has raised $245.7 million in funding.

Starship Technologies: $90 Million Raised To Build Delivery Robots

By Amit Chowdhry ● Feb 12, 2024

Starship Technologies - a company making science fiction a reality by putting delivery robots on streets in the US and Europe - announced it has raised $90 million, co-led by Plural and Iconical. The new funding round, which brings the total raised by Starship to $230 million since its creation in 2014, will be used to expand globally as Starship looks to take advantage of the unstoppable rise in demand for home deliveries.

Voyager Ventures Closes Select Fund I At $100 Million

By Amit Chowdhry ● Feb 12, 2024

Voyager Ventures - a VC firm investing in early-stage climate technology companies in North America and Europe - announced the closing of Voyager Partners Select I, LP at $100 million. This announcement follows Voyager's $100 million Fund I in April 2022, landing a total of $200 million to date to fund the future of a decarbonized global economy.

DASI Simulations: $5 Million Convertible Note Funding Round Closed

By Amit Chowdhry ● Feb 12, 2024

DASI Simulations - a medical technology start-up offering a novel AI-powered medical platforms to advance toward lifetime management and improved outcomes for structural heart interventions - announced it has closed it $5 million convertible note round. The company has now surpassed $7 million in funds raised.

Bugcrowd Raises $102 Million To Scale AI-Powered Crowdsourced Security Platform

By Amit Chowdhry ● Feb 12, 2024

Bugcrowd announced it has secured $102 million in strategic growth funding to scale its AI-powered crowdsourced security platform offerings globally. Led by General Catalyst - with participation from longtime existing investors Rally Ventures and Costanoa Ventures - this funding round underscores investor confidence in the company's leadership position in the crowdsourced security market.

Sensos: $20 Million Raised To Fruther Develop Proactive Supply Chain Management Solutions

By Amit Chowdhry ● Feb 11, 2024

Sensos (a Sony Semiconductor Israel spin-off) announced it has successfully closed its Series A funding round to develop a proactive supply chain management solution further. This funding round was led by Mitsui-backed Magenta Venture Partners, joined by JAL Ventures, with the participation of Israel Cargo Logistics and Sumitomo.

Speedinvest: Fourth Flagship Fund Closed At €350 Million

By Amit Chowdhry ● Feb 10, 2024

Speedinvest announced that it had raised new capital to deepen its commitment to providing game-changing founder support and helping early-stage startups scale to global success. The final €350 million closing of Speedinvest 4 – which was €50 million above the initial target – brings the firm’s total assets raised for our fourth fund generation to more than €600 million, which includes follow-on vehicles to provide long-term funding to our existing portfolio.

Omega: $6 Million Raised To Enable Users In Leveraging Cross-Chain Digital Assets

By Annie Baker ● Feb 10, 2024

Omega announced it has closed a $6 million funding round, marking a major milestone in its quest to integrate native Bitcoin into the decentralized finance (DeFi) landscape. This funding was spread across three investment rounds, featuring contributions from an impressive roster of participants including Lightspeed Faction, Borderless Capital, Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, and MH Ventures, and others.

AI.Fashion: AI-Based Fashion Industry Platform Company Raises $3.6 Million

By Amit Chowdhry ● Feb 10, 2024

AI.Fashion - a Y Combinator-backed leader in AI technology for the fashion industry - announced the early access launch of its latest innovation Persona by AI.Fashion, which comes shortly after raising a $3.6 million seed round led by Neo. And the addition of Persona to the AI.Fashion platform opens up new revenue streams for models by enabling them to book more work virtually and democratizing access to opportunities in the industry.

NewEdge Wealth Opens Atlanta Office With Hires From JPMorgan

By Amit Chowdhry ● Feb 9, 2024

NewEdge Wealth (a registered investment adviser specializing in servicing the needs of ultra high net worth families, family offices, and institutional clients) announced that it opened an Atlanta office with Roland Pritchett and Andrew Noble. Pritchett and Noble (formerly of The Pritchett Group at J.P. Morgan Wealth Management) join NewEdge Wealth along with an experienced client service associate. And Pritchett was named the Managing Director of the Atlanta office.

Rockefeller Global Hires $1.3 Billion Team From Morgan Stanley

By Amit Chowdhry ● Feb 9, 2024

Rockefeller Global Family Office (the wealth management division of Rockefeller Capital Management) announced the addition of Variant Path Group, a respected 10-person team based in Charlotte, NC.

10Beauty: Autonomous Manicure Company Raises $38 Million

By Annie Baker ● Feb 9, 2024

10Beauty (the creator of the first full salon-quality manicure machine) announced it will launch at the end of this year, having secured $38 million in equity financing including a newly closed $17 million extension to their Series A led by Shine Capital. Imaginary Ventures, Lerer Hippeau and Red Sea Ventures led their previous funding rounds.

Encore Consumer Capital Closes $258 Million In Commitments

By Amit Chowdhry ● Feb 9, 2024

Encore Consumer Capital (a private equity investment firm focused on the consumer products industry) announced it has closed Encore Consumer Capital Fund IV, LP (Encore IV) and related vehicles with $258 million of commitments.

Incident IQ Raises Strategic Investment From Cove Hill Partners

By Noah Long ● Feb 9, 2024

Incident IQ (a leading workflow management platform for K-12 school districts) announced that Cove Hill Partners will join JMI Equity and the Incident IQ founders and management team as strategic investment partners in the Incident IQ business. ANd Incident IQ will continue to be led by Chief Executive Officer, R.T. Collins and the rest of the current management team.

Nasdaq Private Market Raises $62.4 Million To Provide Liquidity Solutions To Private Companies

By Amit Chowdhry ● Feb 9, 2024

Nasdaq Private Market (NPM) - a leading provider of liquidity solutions to private companies, their employees, and investors - announced that it has closed its Series B financing. Nasdaq led this $62.4 million round with participation from current investors, including Allen & Company, Citi, and Goldman Sachs. And new investors in Series B include BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo.

Neurona Therapeutics: $120 Million Raised To Advance Pipeline Of Regenerative Cell Therapy Candidates For Chronic Neurological Disorders

By Amit Chowdhry ● Feb 9, 2024

Neurona Therapeutics (a clinical-stage biotherapeutics company advancing regenerative cell therapy candidates for the treatment of neurological disorders) announced the successful completion of a $120 million financing co-led by Viking Global Investors and Cormorant Asset Management with participation from new and existing investors, including The Column Group, LYFE Capital, Schroders Capital, Willett Advisors, Ysios Capital Partners, Euclidean Capital, SymBiosis, Alexandria Venture Investments, Berkeley Frontier Fund, Sphera Biotech Master Fund LP, Spur Capital Partners, UCB Ventures, and UC Investments.

Partners Capital Investment Group Raises Minority Investment From General Atlantic

By Amit Chowdhry ● Feb 9, 2024

Partners Capital Investment Group (a global Outsourced Investment Office) announced a minority investment from General Atlantic. The investment funds managed by General Atlantic are establishing this minority position by buying a portion of the equity currently held by Partners Capital’s longstanding external shareholders and some of the founding generation partners.

Vehicle Wrap Company Wrapmate Raises $16 Million From JettyCove

By Dan Anderson ● Feb 9, 2024

Wrapmate has announced a successful capital investment by JettyCove, a private equity firm focused on software and tech-enabled companies. This $16 million investment will accelerate Wrapmate's product offerings by introducing progressive customer experiences, growing its national network of 2,000+ vehicle wrap installers, and expanding its portfolio companies through additional successful acquisitions (most recently, Wrapify).

Unlearn: $50 Million Raised To Create Digital Twins Of Clinical Trial Participants

By Amit Chowdhry ● Feb 9, 2024

Unlearn - an AI company creating digital twins of clinical trial participants that enable smaller and faster studies - announced a $50 million Series C round led by Altimeter Capital, joined by returning investors Radical Ventures, Wittington Ventures, Mubadala Capital, Epic Ventures, and Necessary Venture Capital. This funding round was secured to propel the company’s mission to advance AI to eliminate trial and error in medicine by investing in its people, data, engineering capabilities, and longer-term R&D initiatives.

Truflation: Independent Inflation Data Provider Closes $6 Million In Funding

By Annie Baker ● Feb 9, 2024

Independent inflation data provider Truflation announced it completed its latest investment round, raising $6 million from distinguished investors, including Laser Digital and Red Beard Ventures. The list of VCs taking part in this funding round also includes Modular Capital and Four Seasons Ventures (4SV), along with existing investors Chainlink, Fundamental Labs, C2squared, Cogitent Ventures, and the Israeli Blockchain Association. This funding round saw the Base Ecosystem Fund, managed by Coinbase Ventures, select Truflation among its first cohort from a shortlist of more than 800 applications.

Headlight: Mental Health Practice Company Secures $18 Million

By Amit Chowdhry ● Feb 9, 2024

Headlight (a tech-forward mental health practice committed to offering patients convenience and a simplified care journey) announced $18 million in new venture funding led by Matrix and EPIC Ventures. This funding round will help the company expand into additional states and add hundreds of new licensed therapists to its team by 2025.