Venture Capital

Soda Health: Health Tech Company Raises $50 Million (Series B)

By Amit Chowdhry ● Dec 8, 2024

Soda Health - a health tech company enhancing the use of benefit dollars to improve health outcomes and reduce inequities - announced a $50 million Series B financing. General Catalyst led the round with additional capital from former Humana CEO Bruce Broussard and participation from existing investors Lightspeed Venture Partners, Define Ventures, Qiming Venture Partners USA, and SVB Capital. And Caitlin Donovan of General Catalyst has joined Soda Health’s board of directors.

Voicing.AI: Strategic Investment From LTIMindtree

By Amit Chowdhry ● Dec 8, 2024

LTIMindtree USA - a wholly owned subsidiary of LTIMindtree, a global technology consulting and digital solutions company - announced a partnership, including a strategic investment in next-generation startup Voicing.AI.

Sage: $35 Million (Series B) Secured For Transforming Senior Living Operations

By Amit Chowdhry ● Dec 8, 2024

Sage, a leading operations management platform for senior living, announced it raised $35 million in Series B funding, led by IVP and with participation from Friends & Family Capital and PLUS Capital. Existing investors Maveron, Goldcrest Capital, Distributed Ventures, and ANIMO Ventures also participated.

Nelnet And Edge Focus Expand Strategic Deal

By Amit Chowdhry ● Dec 8, 2024

Edge Focus - a leading fintech company focused on consumer finance - announced a strategic investment by Nelnet, a financial services company specializing in investment management, education technology, and asset servicing.

Orbite: Space Training And Operations Company Raises $4 Million (Series A)

By Amit Chowdhry ● Dec 8, 2024

Orbite, a premier space training and operations company for space explorers, announced it raised $4 million Series A funding round, backed by existing and new investors.

Nuvig: $161 Million (Series B) Raised To Develop Novel Immunomodulatory Therapeutics

By Amit Chowdhry ● Dec 8, 2024

Nuvig Therapeutics - a privately held biotechnology company developing novel immunomodulatory therapeutics for patients with inflammatory autoimmune diseases - announced the closing of a $161 million Series B round. The funding was co-led by Sanofi Ventures, Blue Owl Healthcare Opportunities (formerly Cowen Healthcare Investments), and Norwest Venture Partners, with participation from new investors, B Capital, Leaps by Bayer, Global BioAccess Fund, LOTTE Holdings, Alexandria Venture Investments, and funds managed by abrdn, and existing shareholders, Novo Holdings A/S, Platanus, Bristol Myers Squibb, Digitalis Ventures, and Mission BioCapital.

Atlas Venture: $450 Million Fund XIV Closed To Invest In Biotech Innovation

By Amit Chowdhry ● Dec 8, 2024

Atlas Venture—a leading early-stage venture capital firm investing in biotech innovation—announced closing its fourteenth fund, raising $450 million in an oversubscribed fundraise. Through Fund XIV, Atlas Venture will continue collaborating with talented entrepreneurs to found, seed, incubate, and invest in new biotech startups that will bring new medicines to patients.

Steno: $20 Million In Growth Capital Raised From Trinity Capital

By Amit Chowdhry ● Dec 8, 2024

Trinity Capital, a leading provider of diversified financial solutions to growth-oriented companies, announced the commitment of $20 million in growth capital to Steno, a provider of legal support and court reporting services.

Sightglass: AI-Based Investor Relations Platform Company Raises $3 Million (Seed)

By Amit Chowdhry ● Dec 8, 2024

Sightglass, a new AI-based investor relations platform for the private markets, announced that it had raised a $3 million seed funding round led by Base10 Partners.

KKR Partnering With Former Halma CEO Andrew Williams For Industrial Sector Investments

By Amit Chowdhry ● Dec 8, 2024

Leading global investment firm KKR announced it is partnering with Andrew Williams (former long-time CEO at Halma plc) to pursue new acquisition opportunities in the Industrials sector and, more broadly, across leading UK businesses. Williams will assume the role of Executive Advisor to KKR.

Mubadala Capital Committing Over $1 Billion To Silver Rock’s Funds

By Amit Chowdhry ● Dec 8, 2024

Mubadala Capital - the alternative asset management subsidiary of Mubadala Investment Company - announced that it has entered into a strategic partnership with Silver Rock, a credit asset manager with over $10 billion in assets under management (AUM). Under this deal, Mubadala Capital will acquire a 42% stake in Silver Rock Financial LP through a combination of cash and stock, with an option that could take Mubadala Capital's ownership to 50% over time.

Celleste Bio: Cocoa-Tech Company Secures $4.5 Million (Seed)

By Amit Chowdhry ● Dec 8, 2024

Celleste Bio, an early-stage cocoa-tech company, announced the closing of a $4.5 million seed funding round led by Supply Change Capital, with participation from Mondelēz International's SnackFutures Ventures, Consensus Business Group, The Trendlines Group, Barrel Ventures and Regba Agriculture. Supply Change Capital led the funding round.

Sollis Health: Concierge Medicine Provider Company Secures $33 Million (Series B)

By Amit Chowdhry ● Dec 8, 2024

Sollis Health, which is the first concierge medicine provider to offer its members 24/7 access to ER-level diagnostics and capabilities, announced the completion of a $33 million Series B funding round, led by Foresite Capital with participation from Torch Capital, Montage Ventures, Friedom Partners, Read Capital, and One Eight Capital, and others.

Pixeltable: AI Data Infrastructure Company Raises $5.5 Million (Seed)

By Amit Chowdhry ● Dec 8, 2024

Pixeltable announced the launch of its open-source AI data infrastructure, backed by a $5.5 million seed round led by The General Partnership, with participation from Exceptional Capital, South Park Commons, Liquid 2, Serena Data ventures, and notable industry veterans like Michael Stoppelman (Angel Investor & Former SVP of Engineering at Yelp), Wes McKinney (Principal Architect, Posit), Bill Hsieh (Bridge Street Advisors), and Steven Mih (CEO Across AI, former CEO of Aviatrix, Alluxio, and Ahana).

Tractian: Manufacturing AI Leader Raises $120 Million (Series C)

By Amit Chowdhry ● Dec 8, 2024

Manufacturing AI leader Tractian secured $120 million in Series C funding led by Sapphire Ventures, with participation from General Catalyst, Next47, and NGP Capital. This latest investment solidifies the Atlanta-based company as a key player in the industrial maintenance space.

AMP: AI-Based Waste Sortation Company Secures $91 Million (Series D)

By Amit Chowdhry ● Dec 8, 2024

AMP Robotics, a leading provider of AI-powered sortation at scale for the waste and recycling industry, announced it had raised $91 million in corporate equity in a Series D funding round led by Congruent Ventures. This funding round featured participation from current and new investors, including Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, California State Teachers Retirement System (CalSTRS), Wellington Management, Range Ventures, and Tao Capital Partners.

Ethyca: Data Privacy Engineering Company Closes $10 Million In Funding

By Amit Chowdhry ● Dec 8, 2024

Ethyca, a leader in data privacy engineering, announced a $10 million funding round led by Aspenwood Ventures and AVP. They are joining Ethyca’s existing investors, Des Traynor (Cofounder, Intercom), Guillermo Rauch (CEO, Vercel), Scott Belsky (CSO, Adobe), and Kevin Hartz (Cofounder, Eventbrite). This investment will help Ethyca enhance key product capabilities and grow its team.

The Riverside Company Receives $85 Million Senior Credit Facility From Comvest Credit Partners

By Amit Chowdhry ● Dec 8, 2024

Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, announced that it is acting as an administrative agent and sole lender on an $85 million senior secured credit facility to support The Riverside Company's acquisition of Seatex.

Nua Surgical: Ireland-Based Maternal Health Company Raises €6.5 Million (Series A)

By Amit Chowdhry ● Dec 7, 2024

EQT Life Sciences announced that the EQT Health Economics strategy has invested in Nua Surgical, an Irish medical device company that is innovating in maternal health. EQT Life Sciences led this €6.5 million Series A financing.

Lucra: Social Gamification Company Raises $10 Million

By Amit Chowdhry ● Dec 7, 2024

Lucra, an emerging market leader in social gamification technology, announced it has raised $10 million from 7GC, SeventySix Capital, Steve Kuhn (Founder of Major League Pickleball), alongside NBA MVP Giannis Antetokounmpo, Ark Invest, Simplex Equity, and a who’s who of professional team owners and athletes. And additional investors and advisors in the company include professional team owners Arthur Blank (Atlanta Falcons, AMBSE Ventures), Dennis Wong (LA Clippers), former WNBA president Donna Orender, tennis champions John Isner and James Blake, NFL players Zach Ertz and Emmanuel Sanders, and more.

Eos Energy: $303.5 Million Loan Guaranteed By DOE Closed

By Amit Chowdhry ● Dec 6, 2024

Eos Energy Enterprises - a leading provider of safe, scalable, efficient, and sustainable zinc-based long-duration energy storage systems - announced the closing of a $303.5 million loan guaranteed by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO). The DOE loan is a key step in advancing Project American Made Zinc Energy (AMAZE) and is expected to fund the expansion of Eos’ manufacturing capacity to 8 GWh by 2027 to meet the growing demand for longer-duration battery energy storage systems.

Foundation Fighting Blindness Partners Partnering With University Of Colorado And Other Institutions For Securing Up To $46 Million

By Amit Chowdhry ● Dec 6, 2024

The Foundation Fighting Blindness, which is the driving force in the global development of treatments and cures for blinding diseases, announced that the Advanced Research Projects Agency for Health (ARPA-H), an agency within the U.S. Department of Health and Human Services, announced it has awarded the University of Colorado Anschutz Medical Campus, the Foundation and six other researcher groups up to $46 million to support research and innovation in vision-restoring human whole eye transplantation.

Cleerly: Advanced Cardiovascular Imaging Company Raises $106 Million (Series C Extension)

By Amit Chowdhry ● Dec 6, 2024

Cleerly - a leader in advanced cardiovascular imaging - announced the closing of its Series C extension funding round, raising a total of $106 million. This funding round was led by global software investor Insight Partners and joined by Battery Ventures with participation from pre-existing investors.

ModifyHealth: Food-As-Medicine Platform Company Secures $13.5 Million (Series C)

By Amit Chowdhry ● Dec 6, 2024

ModifyHealth, a nationwide food-as-medicine platform and provider of medically tailored meals and nutritional counseling, announced the closing of a $13.5 million Series C funding round led by the Dohmen Company Foundation (DCF) through its Dohmen Impact Investment Fund.

NTx: $15 Million (Venture Debt) Raised From JPMorgan

By Amit Chowdhry ● Dec 6, 2024

Nature’s Toolbox (NTx), a life science company developing domestically-sourced biomanufacturing solutions for delivering personalized therapeutics and biologics, announced it secured $15 million in venture debt from J.P. Morgan. The funding will fuel the deployment of NTx systems across major pharmaceutical, governmental, and clinical organizations.

Veeam: Data Resilience Leader Company Hits $15 Billion Valuation

By Amit Chowdhry ● Dec 6, 2024

Veeam Software, a global leader in Data Resilience by market share, announced an expansion of its shareholder base in a $2 billion secondary offering, valuing the company at $15 billion. This deal was led by TPG with participation from Temasek, Neuberger Berman Capital Solutions, and other key investors, reinforcing Veeam’s position as a global leader in the rapidly growing data resilience market.

Rosy Soil: $3.6 Million (Seed) Raised For Creating Gardening Soil From Captured Carbon Dioxide

By Amit Chowdhry ● Dec 6, 2024

Rosy Soil, a sustainable soil company built to offset the negative environmental impact of producing traditional peat-based potting mixes, announces closing a $3.6 million seed round. This funding will advance the company's mission to transform the horticulture industry by creating high-performance soils that capture carbon dioxide.

Syte: Majority Stake Investment From Pereg Ventures

By Amit Chowdhry ● Dec 6, 2024

Syte, an AI-powered product recommendation engine built from the ground up for apparel e-commerce, announced that New York-based Pereg Ventures has acquired a controlling stake in the company. This strategic deal, led by Pereg and including Magma VC, MizMaa, and Stardom Ventures, marks the start of a transformative new chapter for Syte, now under the leadership of Ziv Ben-Barouch, Co-Founder of Pereg Ventures and Syte's newly appointed CEO.

HappyRobot: AI-Based Voice Solutions Company Raises $15.6 Million (Series A)

By Amit Chowdhry ● Dec 6, 2024

HappyRobot, a pioneer in AI-based voice solutions for the logistics sector, announced it has secured $15.6 million in Series A funding. The funding round was led by Andreessen Horowitz (a16z), with participation from Y Combinator and strategic industry investors, including RyderVentures.

Sola: Insurtech Company Raises $3.7 Million (Seed)

By Amit Chowdhry ● Dec 6, 2024

Insurtech company Sola announced the closing of its seed round. Led by FINTOP Capital, with participation from Overline, 10vc, Karuna VC, and prominent insurance executives—bringing total funding to $3.7 million. The funding supports Sola's mission to provide homeowners and businesses with reliable and affordable natural disaster insurance.