Venture Capital

rPlus Energies Closes $304 Million In New Financing Facilities

By Amit Chowdhry ● Dec 18, 2024

rPlus Energies announced the closing of $304 million in new financing facilities like a $179 million construction debt facility for its Pleasant Valley Solar 2 project and a $125 million Corporate Letter of Credit Facility secured with Deutsche Bank to support the company’s ongoing growth.

LAAM: Pakistan-Based Fashion Marketplace Company Raises $5.5 Million

By Amit Chowdhry ● Dec 18, 2024

Fashion marketplace LAAM announced it has raised a $5.5 million funding round to make South Asian fashion global. Disrupt.com and Zayn VC led this seed funding round, with participation from Graph Ventures, Mentors Fund, and tech leaders from Oracle, Microsoft, Google, and Salesforce.

Symmio: Decentralized Derivatives Protocol Company Raises $3.1 Million

By Amit Chowdhry ● Dec 18, 2024

Symmio - a decentralized derivatives protocol with over $8 billion in trading volume - announced it raised $3.1 million in funding, including $2.1 million in new investments from top-tier investors, including Spartan Group, Orbs, MCLB, and Blockchain Founders Fund, as well as previous investments by @AgentChud (Messi), MS2 Capital, Gametheorizing (Selini Capital), GMoney & Prime Ventures.

Alessa Therapeutics: Drug Delivery Technology Company Raises $15 Million (Seed)

By Amit Chowdhry ● Dec 18, 2024

Alessa Therapeutics - a clinical-stage drug development company pioneering an innovative and proprietary localized drug delivery technology for the early interception of cancer and other diseases - announced the closing of a $15 million seed funding round led by Mission BioCapital joined by Johnson & Johnson (through its corporate venture capital organization, Johnson & Johnson Innovation – JJDC, Inc. (JJDC)., and a representative of JJDC will join the Board of Directors at Alessa Therapeutics.

Cartesia: $22 Million Secured For Building Real-Time AI Models

By Amit Chowdhry ● Dec 18, 2024

Cartesia, a company whose state-space models (SSMs) are transforming the next wave of innovation in generative AI, announced $22 million in new funding led by Index Ventures, bringing the total capital raised to $27 million. Also joining in this round are venture funds like A* Capital, Conviction, General Catalyst, Lightspeed, and SV Angel, along with 90 prominent angel investors, including the founders of Abridge, Airtable, Captions, Cognition, Cohere, Databricks, Datadog, Hugging Face, Hubspot, Infinitus, Llamaindex, Mercury, Mistral, Okta, Perplexity, Pika, Pinterest, Postman, Ramp, RunwayML, Snorkel, Sonos, Together AI, Tripedot Studios, Typeface, Vercel, Weaviate, Weights and Biases, and Zapier.

Mynt: Sweden-Based Fintech Company Raises €22 Million (Series B) At About €175 Million Valuation

By Amit Chowdhry ● Dec 18, 2024

Mynt - a leading provider of corporate credit cards and spend management solutions - announced a €22 million funding round at a significantly increased valuation of about €175 million, led by Vor Capital, with participation from existing investors CNI, Incore, and others. The Series B round brings Mynt’s total funding to over €50 million.

Alira Health: Up To $100 Million Growth Debt Facility Raised From Symbiotic Capital

By Amit Chowdhry ● Dec 18, 2024

Alira Health - a global healthcare consulting and technology firm - announced the securing of up to $100 million in growth debt from premier healthcare and life sciences investor Symbiotic Capital.

Marcy Venture Partners Merges With Investment Arm Of Pendulum Holdings

By Amit Chowdhry ● Dec 18, 2024

Marcy Venture Partners, a venture capital firm founded by rapper and entrepreneur Jay-Z, merged with Black-owned Pendulum Opportunities (the investment arm of Pendulum Holdings). The combined company will be called MarcyPen Capital Partners, with a reported $900 million AUM.

Rackhouse Ventures: Interview With Managing Partner & Founder Kevin Novak About The AI-Focused Firm

By Amit Chowdhry ● Dec 18, 2024

Rackhouse Ventures is a global venture capital firm purpose-built to support early-stage founders and firms that sit at the intersection of AI/ML and the real world. . Pulse 2.0 interviewed Rackhouse Ventures managing partner and founder Kevin Novak to learn more about the firm.

Terradot: Carbon Removal Company Raises $58.2 Million

By Amit Chowdhry ● Dec 18, 2024

Telna: Funding Raised From Gemspring Capital

By Amit Chowdhry ● Dec 18, 2024

Gemspring Capital Management, a middle-market private equity firm, announced that an affiliate has invested strategically in Telna. As a leader in eSIM connectivity solutions, Telna makes it easier for mobile devices to seamlessly transition between carrier networks, eliminating the need for physical SIM cards and enhancing global connectivity.

Precision Neuroscience: $102 Million (Series C) Raised For Advancing AI-Based Brain Implant

By Amit Chowdhry ● Dec 18, 2024

Brain–computer interface (BCI) company Precision Neuroscience announced the closing of a $102 million Series C funding round led by General Equity Holdings, with participation from firms including B Capital; Duquesne Family Office, the investment firm of Stanley F. Druckenmiller; and Steadview Capital. And with $155 million in total capital raised, Precision is now one of the best-funded companies in the BCI industry.