Venture Capital

Cross River’s Principal Finance Group Closed $825 Million In 2023 Capital Commitments

By Amit Chowdhry ● Feb 5, 2024

Cross River Bank (a technology infrastructure provider that offers embedded financial solutions) announced that its Principal Finance Group closed $825 million of capital commitments in 2023.

ProducePay: Agtech Company Raises $38 Million

By Amit Chowdhry ● Feb 5, 2024

ProducePay - an agtech company recognized as the World Economic Forum’s newest Unicorn Innovators for its transformational work strengthening the fresh produce supply chain - announced $38 million in Series D financing.

Banner Ridge Partners: Strategic Growth Investment Raised From Strategic Capital Group

By Annie Baker ● Feb 5, 2024

Banner Ridge Partners - a $7.3 billion private markets investment specialist - announced that Investcorp’s Strategic Capital Group (ISCG) made a growth investment in the Firm. The financial terms of the transaction were not disclosed.

Procyrion Raises $57.7 Million To Improve Outcomes For Patients With Cardiac Impairment

By Amit Chowdhry ● Feb 5, 2024

Procyrion - a medical device company dedicated to improving outcomes for patients with cardiac and renal impairment - announced the completion of a $57.7 million Series E funding round, including the conversion of $10 million of interim financing.

Baker Tilly: Strategic Investment Led by Hellman & Friedman

By Amit Chowdhry ● Feb 5, 2024

CPA firm Baker Tilly US, LLP announced a strategic investment from private equity firms Hellman & Friedman (H&F) and Valeas Capital Partners. This investment - which is estimated to close in early June 2024 - recognizes Baker Tilly’s outstanding track record of value creation and marks the largest private equity investment in the US CPA sector to date.

StatusPRO: Sports Tech And Gaming Company Raises $20 Million In Round Led By GV

By Amit Chowdhry ● Feb 5, 2024

StatusPRO - a sports technology and gaming company that uses real-time player data to create authentic extended reality experiences - announced $20 million in new funding, one of the largest Series A of any VR gaming company to date, led by GV (Google Ventures).

Vektor Medical: AI-Based Arrhythmia Analysis Technology Company Raises $16 Million

By Annie Baker ● Feb 5, 2024

Vektor MedicalVektor Medical - a pioneer in non-invasive and AI-based arrhythmia analysis technology - announced a $16 million Series A investment co-led by Solas BioVentures and TVM Capital Life Science. This funding round underscores investor confidence in Vektor’s vision to execute its mission to revolutionize arrhythmia care successfully.

Rivia Health: Healthcare Revenue Cycle Management Company Raises $3.25 Million

By Annie Baker ● Feb 5, 2024

Rivia Health (a revenue cycle management solution for healthcare provider organizations) announced a $3.25 million Series Seed funding round led by PHX Ventures. The new funding round will be used to expand Rivia Health's patient payment solution and enter new markets across the country.

p0 Emerges From Stealth With $6.5 Million In Funding

By Amit Chowdhry ● Feb 3, 2024

p0 recently launched from stealth and announced that it has raised $6.5 million from Lightspeed Venture Partners with participation from Alchemy Ventures to help stop catastrophic software failures.

Meteomatics Raises Strategic Investment From Lockheed Martin Ventures

By Amit Chowdhry ● Feb 3, 2024

Weather intelligence and technology company Meteomatics enables the world’s leading companies to forecast the weather’s impact on business accurately and the company announced the closing of a strategic funding round from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation.

MYAVANA: Partnership With Ulta Beauty And Strategic Investment From Prisma And BrainTrust

By Noah Long ● Feb 3, 2024

MYAVANA - a beauty-tech company founded by black female tech entrepreneur Candace Mitchell Harris - announced a new experiential partnership with Ulta Beauty, with strategic investments from Prisma Ventures, the beauty retailer's digital innovation fund, and the BrainTrust Fund.

Harbor: Infant Care Technology Company Raises $3.7 Million

By Amit Chowdhry ● Feb 3, 2024

Harbor - a company in infant care technology - announced the completion of a $3.7 million seed round led by Trust Ventures joined by Morrison Seger and Capital Factory. This funding round follows Trust Ventures pre-seed investment in September 2022.

Hildene Capital: $318.4 Million Non-QM Loan Securitization Closed

By Amit Chowdhry ● Feb 3, 2024

Hildene Capital Management, LLC - a $14.7 billion credit-focused asset manager - announced the completion of CROSS 2024-H1, a $318.4 million securitization backed by non-qualified residential mortgage (non-QM) loans originated by CrossCountry Mortgage (CCM), one of the largest retail residential mortgage originators in the U.S.

Anaergia Closes First Tranche Of Strategic Investment

By Noah Long ● Feb 3, 2024

Anaergia - a global renewable fuels leader - announced that the first tranche of the previously announced equity investment of C$40.8 million from Marny Investissement SA has closed with the issuance of 31.25 million units of the company for gross proceeds of C$12.5 million, immediately following entry by the parties into an amendment agreement.

Pivot Bio And Iowa State University Partnering On Center For Sustainable Agriculture

By Amit Chowdhry ● Feb 3, 2024

Sustainable agriculture company Pivot Bio opened its new 36,000-square-foot Customer Success Center in the heart of the Iowa State University Research Park this week. And this facility underscores the company's commitment to developing microbial nitrogen solutions that allow farmers to reduce their reliance on synthetic fertilizers.

Steinbridge Group Investing About $40 Million In Virginia Union University

By Amit Chowdhry ● Feb 3, 2024

Virginia Union University announced that impact investing firm Steinbridge Group will invest about $40 million to enable Virginia Union to unlock the value of its 100-acre real estate holdings in Richmond’s North Side. This investment will empower the University to develop underutilized parcels of land for commercial and residential uses.

Second Avenue Capital Providing Brixton With New $15 Million Credit Facility

By Annie Baker ● Feb 3, 2024

Schottenstein affiliate Second Avenue Capital Partners (SACP) (a leading provider of asset-based loans and credit facilities) announced it has closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand based in Oceanside, California. This credit facility will be instrumental in optimizing Brixton's working capital and fueling its continued growth in the competitive fashion industry.

Cohere Health: Clinical Intelligence And Prior Authorization Automation Company Raises $50 Million

By Amit Chowdhry ● Feb 2, 2024

Cohere Health - a leader in clinical intelligence and prior authorization automation - announced it has closed $50 million in additional equity funding. The funding round was led by Deerfield Management, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners, and brought the total raised by Cohere to $106 million. This latest funding round will drive the company's expansion to meet the increasing demand for Cohere's intelligent prior authorization platform.

The Parking Spot Raises $750 Million Debt Financing From Carlyle

By Amit Chowdhry ● Feb 2, 2024

Global investment firm Carlyle announced the closing of a $750 million senior secured debt financing for The Parking Spot, which is the largest near-airport parking company in the United States. And the facility will support the refinancing of existing debt associated with a subset of The Parking Spot’s portfolio consisting of 28 near-airport parking facilities across 18 major US airports in 13 states. Carlyle also served as the sole manager, structuring agent, and ratings advisor for the transaction.

CARPL: Enterprise Imaging AI Marketplace Platform Raises $6 Million

By Annie Baker ● Feb 2, 2024

CARPL - an enterprise imaging AI marketplace platform - has announced a $6 million funding round to enable healthcare providers to access, assess and integrate these radiology AI applications into their clinical workflows through a single user-interface, single data channel and single procurement system.

Avation Medical: Neuromodulation And Digital Health Company Raises $22 Million

By Annie Baker ● Feb 2, 2024

Avation Medical - an innovative neuromodulation and digital health company with a goal to make wearable peripheral neuromodulation accessible to patients across a variety of clinical conditions - announced over $22 million in equity financing in its oversubscribed Series C round, led by new investors ShangBay Capital and Asahi Kasei, which included Angelini Ventures, JobsOhio Growth Capital Fund, and others. Additional investments were also provided by Arboretum Ventures, Tonkawa, Medtronic, and Avestria Ventures. The funding in the round (which remains open) will be used for the U.S. launch of the company's Vivally System.

DataSnipper: Intelligent Automation Finance Platform Raises $100 Million At $1 Billion Valuation

By Amit Chowdhry ● Feb 2, 2024

DataSnipper - a leading intelligent automation platform for audit and finance professionals - announced it had raised a $100 million Series B, led by Index Ventures, at a valuation of $1 billion. This solidifies the company’s goal to empower auditors with AI after a record year of doubling its customer base and revenue. The Series B funding round follows an investment by Insight Partners in September 2022.

SPR Therapeutics: $85 Million Raised To Drive Rapid Commercial Expansion Of SPRINT PNS System

By Noah Long ● Feb 2, 2024

SPR Therapeutics - a private medical device company focused on treating pain and improving the quality of life for patients managing acute or chronic pain - announced it has secured $85 million in financing, including $25 million in Series D-1 insider equity and a $60 million debt facility.

Ease Capital: $32 Million In Bridge Financing Raised To Acquire Multifamily Property In Virginia Beach

By Dan Anderson ● Feb 2, 2024

Ease Capital announced it had provided Community Investment Group (CIG) with $32 million in acquisition financing for purchasing and renovating Dove Landing Apartments, a 318-unit garden-style multifamily complex located in Virginia Beach, VA.

Rise Growth Partners: $250 Million Commitment Raised From Charlesbank Capital Partners

By Annie Baker ● Feb 2, 2024

Rise Growth Partners - the wealth management industry’s first synergistic financial partner for growth-oriented and registered investment advisors (RIAs) - announced a $250 million commitment from Charlesbank Capital Partners, a middle-market private investment firm with offices in Boston and New York.

Perelel: Female OB/GYN-Founded Vitamin Company Secures $6 Million

By Annie Baker ● Feb 2, 2024

Perelel - the first and only female OB/GYN-founded vitamin company offering clean and targeted nutrition for various distinct stages of a woman's hormonal journey - announced the completion of a $6 million Series A financing round, led by Unilever Ventures, Willow Growth, and Selva Ventures. The company has now raised $12.1 million in funding to fuel its mission of advancing the future of women's reproductive care.

gamma. Raises Funding From Alpha Wave Global

By Annie Baker ● Feb 2, 2024

gamma. - the artist-first multimedia platform providing creative and business services across all artistic and commercial formats - announced that Alpha Wave Global has joined the company as a strategic partner and investor, contributing additional capital to accelerate gamma.’s innovation and expansion.

Golding Capital Partners: First Closing Of €360 Million Fund Completed

By Amit Chowdhry ● Feb 2, 2024

Golding Capital Partners - one of Europe's leading independent asset managers for alternative investments - announced the first closing in December 2023 of its flagship infrastructure fund of funds, Golding Infrastructure 2022. This fifth-generation fund again met with great interest from investors and held its first close with capital commitments of €360 million in a demanding environment.

Atwell: $200 Million Senior Credit Facility Entered With Lending Group Led By BofA

By Amit Chowdhry ● Feb 2, 2024

Atwell - a leading consulting, engineering, and construction services firm - announced that it had secured a $200 million senior credit facility with a lending group led by Bank of America. The lending group also included U.S. Bank, TD Bank, and Old National Bank.

Zero Knowledge Proof Company Axiom Raises $20 Million

By Amit Chowdhry ● Feb 2, 2024

Zero knowledge proof startup Axiom announced it has raised $20 million in Series A funding co-led by Paradigm and Standard Crypto. The company - which is know as the first ZKP co-processor for Ethereum - gives smart contract developers cheaper and more efficient access to data on-chain.