Venture Capital

Benefit Street Partners: $4.7 Billion Fifth Flagship Private Credit Fund Closed

By Amit Chowdhry ● Jan 25, 2024

Benefit Street Partners (BSP) announced the final closing of its fifth flagship direct lending vehicle BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Consistent with prior vintages, this fund seeks to generate attractive risk-adjusted returns by investing primarily in privately originated, floating rate, senior secured loans.

HEAL Security: Healthcare-Focused Cybersecurity Intelligence Company Raises $4.6 Million In Funding

By Annie Baker ● Jan 25, 2024

Health2047 - a Silicon Valley-based venture studio founded by the American Medical Association (AMA) - announced its investment in and launch from stealth of portfolio company HEAL Security, a cognitive cybersecurity intelligence platform custom-designed for the healthcare sector. So far, Health2047 invested $2.3 million in HEAL Security, with additional co-investor funding bringing its total pre-seed investment to $4.6 million.

CryptoSafe: $20 Million Funding Raised At $95 Million Valuation

By Noah Long ● Jan 24, 2024

CryptoSafe - a blockchain project focused on enhancing capital efficiency in the cryptocurrency market – announced it has closed its latest funding round, securing $20 million at a valuation of $95 million. This funding round signifies a significant milestone for the company as it positions itself for further growth, innovation, and market expansion.

Synnovation Therapeutics: Precision Medicine Company Raises $102 Million To Develop Small Molecule Therapies

By Amit Chowdhry ● Jan 24, 2024

Synnovation Therapeutics - a precision medicine company developing small molecule therapies optimized to achieve best-in-class pharmacology against highly validated disease targets – has launched with a $102 million Series A. The funding was led by Third Rock Ventures with participation from Nextech, Lilly Asia Ventures, Sirona Capital, and Cormorant Asset Management.

38 Degrees North Raises Growth Equity Investment

By Dan Anderson ● Jan 24, 2024

38 Degrees North - a community solar and distributed renewables platform – announced it has closed on a growth equity investment from S2G Ventures. And the company has also agreed to acquire community solar assets from Community Power Group (CPG) in New York.

Cordillera: $62 Million Closed For Whiskey Opportunities Fund

By Amit Chowdhry ● Jan 24, 2024

Cordillera Investment Partners, L.P. - an investment management firm that exclusively invests in privately-held niche, non-correlated assets - announced it has completed fundraising for its $62 million Whiskey Opportunities Fund. This is the firm’s first fund to exclusively focus on the buying and aging of whiskey barrels as institutional assets.

Motif Neurotech: $18.75 Million Raised To Develop Minimally-Invasive Bioelectronics For Mental Health

By Annie Baker ● Jan 24, 2024

Motif Neurotech - a neurotechnology company developing minimally-invasive bioelectronics for mental health – recently announced an oversubscribed Series A financing of $18.75 million led by Arboretum Ventures, with participation from new investors KdT Ventures, Satori Neuro, Dolby Family Ventures, re.Mind Capital, individual investor Max Hodak and existing investors Divergent Capital, TMC Innovation, PsyMed Ventures, Empath Ventures and Capital Factory.

Root Protocol: $10 Million Closed At $100 Million Valuation

By Noah Long ● Jan 24, 2024

Root Protocol – a company focused on building a portal to connect with any chain, DApp, and asset – announced it has closed $10 million in funding at a valuation of $100 million. Animoca Brands led the funding rounds. They included contributions from several other notable investors, including Shima Capital, DFG Group, Signum Capital, Ankr Network, Digital Strategies, CMS Holdings, Double Peak, GenBlock Capital, Cypher Capital, and Basics Capital. The new investors announced are Dao5 and Gate Labs Ventures.

CheckSammy: Bulk Waste And Sustainability Operator Closes $45 Million In Funding

By Annie Baker ● Jan 24, 2024

Bulk waste and sustainability operator CheckSammy announced it raised a $45 million strategic investment that will enhance the company's ability to deliver transparent, measurable waste diversion and carbon reduction benefits to companies.

Morressier: Research Integrity Company Secures $16.5 Million

By Dan Anderson ● Jan 24, 2024

Morressier – a Berlin-based startup transforming scholarly communications – recently announced it has raised a $16.5 million Series B funding round led by Molten Ventures and with the participation of existing investors including Redalpine, Owl Ventures, and Cherry Ventures. And this growth investment follows the company’s Series A round from May 2021 and will be topped up with further funding for acquisition opportunities.

Recurrent Energy: $500 Million In Capital Commitment From BlackRock

By Noah Long ● Jan 24, 2024

Recurrent Energy (a subsidiary of Canadian Solar) - a global developer and owner of solar and energy storage assets - announced that it has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund managed by its Climate Infrastructure business.

Better Stack: Infrastructure Monitoring Company Closes $10 Million In Funding

By Noah Long ● Jan 24, 2024

Better Stack announced it has raised an additional $10 million in funding from a leading European early-stage investor KAYA, an existing backer of Better Stack and Europe's best tech companies, which include Docplanner, Rohlik, and Booksy. And Aaron Levie (CEO at Box) and Kulpreet Singh (ex-UiPath) are joining as angel investors.

Aniai: Robotic Kitchen Solution Company Secures $12 Million In Funding

By Annie Baker ● Jan 24, 2024

Aniai - a fast-growing robotic company and global leader in innovative kitchen solutions – recently announced that it has successfully secured a $12 million pre-Series A funding round.

TPG Invests In Compass Surgical Partners

By Annie Baker ● Jan 24, 2024

TPG (a leading global alternative asset management firm) announced a significant strategic investment in Compass Surgical Partners (an independent full-service ambulatory surgery center (ASC)) development and management partner. And TPG Growth is funding the investment, participating alongside existing investor Health Velocity Capital.

3thix: Game Monetization Company Secures $8.5 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

3thix – a modern-day approach to all things game monetization - recently announced its first major investment series, totaling $8.5 million, for its upcoming platform. The investors in this initial round include Hand of Midas, the family office of Shurick Agapitov, founder of Xsolla, a global video game commerce company, and Sonic Boom Ventures, the family office of Steve Kokinos, co-founder and former CEO of Algorand.

BillingPlatform: Enterprise Revenue Lifecycle Management Company Secures $90 Million

By Amit Chowdhry ● Jan 24, 2024

BillingPlatform – an enterprise revenue lifecycle management platform for innovative business models - announced a $90 million growth equity investment from FTV Capital. These are the details.

Anomalo: Data Quality Platform Company Raises $33 Million

By Amit Chowdhry ● Jan 24, 2024

Anomalo – a complete data quality platform company – announced that it has raised $33 million in Series B funding, bringing the total raised to $72 million. The funding round was led by SignalFire with participation from strategic investor Databricks Ventures. Previous investors Norwest Venture Partners, Two Sigma Ventures and Foundation Capital also participated in this round.

Sion Power: $75 Million Secured To Commercialize Next-Generation Batteries For EVs

By Amit Chowdhry ● Jan 24, 2024

Sion Power - a leading technology developer of next-generation batteries for electric vehicles (EV) – announced that it has secured $75 million in Series A funding. The funding round was led by leading global battery manufacturer LG Energy Solution (the investment to be executed through LG Technology Ventures and Bricks Capital Management) and repeat participation from Jim Simons’ Euclidean Capital.

Bilt Rewards: Loyalty Platform Company Raises $200 Million At $3.1 Billion Valuation

By Amit Chowdhry ● Jan 24, 2024

Bilt Rewards – a leading loyalty platform specializing in rent and neighborhood rewards - announced a $200 million equity investment led by General Catalyst, with significant contributions by Eldridge and existing investors Left Lane Capital, Camber Creek, and Prosus Ventures. This surged the company's valuation to $3.1 billion.

Kittl: Creator Design Platform Company Raises $36 Million

By Amit Chowdhry ● Jan 24, 2024

Kittl, a creator design platform, announced it raised $36 million in Series B funding led by IVP. This comes just nine months after the company raised $11 million in Series A funding. The small gap in funding rounds is largely due to the company’s rapid growth, and now they are in the position to double down on their mission to make design more accessible.

Spellbook: Legal AI Startup Company Raises $20 Million

By Amit Chowdhry ● Jan 24, 2024

Spellbook – an AI copilot for lawyers - announced today a $20 million Series A funding round led by Inovia Capital. And Thomson Reuters Ventures, The Legaltech Fund, Bling Capital, Moxxie Ventures, Concrete Ventures, Path Ventures, N49P and Good News Ventures also participated in the round, which now brings Spellbook’s total funding to over $30 million.

CPM Holdings: $400 Million Raised From Koch Equity Development

By Amit Chowdhry ● Jan 24, 2024

CPM Holdings - a leading global supplier of engineered process equipment for animal feed, oilseed processing, extrusion, and thermal processing markets - announced a $400 million strategic equity investment from Koch Equity Development LLC (KED), the principal investing and acquisition arm of Koch Industries. The investment proceeds will fund a distribution to the company's existing equity holders.

Clerk: React-Friendly Authentication Solution Company Raises $30 Million

By Noah Long ● Jan 24, 2024

Clerk – a developer tools company known for its React-friendly authentication solution – announced it raised $30 million in Series B financing led by CRV, with participation from Stripe and existing investors Andreessen Horowitz and Madrona. The funding will be used to expand its service beyond authentication, which identifies who a user is, and into authorization, which determines the permissions a user has.

TARA Mind: $8 Million Secured To Expand Access To Mental Health Therapeutics

By Amit Chowdhry ● Jan 24, 2024

TARA Mind - a public benefit corporation focused on creating access to safe and effective ketamine-assisted therapy (KAT) as a covered benefit for employees - announced that the company has raised $8 million, led by Satori Neuro. Additional investors participating in the oversubscribed round were Echo Investment Capital, Crumpton Ventures, Empath Ventures, and Blake Mykoskie (Founder of TOMS).

AiDash: $50 Million Raised To Make Critical Infrastructure Industries Climate Resilient

By Amit Chowdhry ● Jan 24, 2024

AiDash - an enterprise SaaS company making critical infrastructure industries climate-resilient and more sustainable with satellites and AI - announced that it received $50 million in funding, bringing the total raised to date to $83 million. And the Series C funding round was oversubscribed, indicative of growing investor interest in proven, scalable, and effective climate technologies.

Masa Network: Decentralized Data Marketplace Company Raises $5.4 Million

By Noah Long ● Jan 24, 2024

Masa Network – a builder of the leading decentralized data marketplace - announced $5.4 million in its Seed Fundraising Round led by Anagram, co-founded by Solana Foundation President Lily Liu and former Polychain President Joe Eagan. And additional investors include Avalanche Blizzard Fund, Digital Currency Group, GoldenTree, OP Crypto, Unshackled Ventures, PEER VC, and others.

Norm Ai: Regulatory AI Agent Platform Company Closes $11.1 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

Norm Ai announced it has built the first Regulatory AI Agent platform and is now serving Chief Compliance Officers at companies spanning from the Fortune 100 to small businesses. And Norm Ai raised an $11.1 million seed round, led by Coatue, with participation from Haystack Ventures, M13 Ventures, Basis Set Ventures, Expa Ventures, Atypical Ventures, and AI researchers like the founding CEO of the Allen Institute for AI.

SmithRx: Pharmacy Benefits Management Company Raises $60 MIllion

By Annie Baker ● Jan 23, 2024

SmithRx - a next-generation pharmacy benefits management (PBM) company - announced it closed a $60 million Series C financing round.

TravelPerk: Business Travel Management Platform Company Raises Over $100 Million

By Amit Chowdhry ● Jan 23, 2024

Business travel management platform TravelPerk announced today that it has closed an additional $104 million investment led by SoftBank Vision Fund 2 with significant participation from existing investors, including Kinnevik and Felix Capital.

Myriad Venture Partners: $100 Million In Initial Capital Commitments Closed

By Amit Chowdhry ● Jan 23, 2024

Myriad Venture Partners - an early-stage venture firm focused on AI, clean technology, and B2B software - announced the launch of the firm with $100 million of initial capital commitments from investors, including Xerox as an anchor investor. Myriad utilizes its network of corporate partners and top-tier venture capitalists to build mutually beneficial partnerships with cutting-edge businesses and founders. The firm is targeting investor commitments of $200 million for Fund I.