Venture Capital

Global Millennial Capital: $20 Million Raised For Funding Early-Stage Ventures

By Amit Chowdhry ● Mar 8, 2024

Global Millennial Capital (GMCL) - a venture capital fund that utilizes a data-driven research approach for identifying investment white spaces in the global technology sector and reducing investment bias - announced the close of its first fund as part of an oversubscribed $20 million private placement round. Anchored by family offices within the Gulf region with participation from international investors, the fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.

Black Tech Nation Ventures Closes $50 Million Inaugural Fund For Lowering Barriers To Capital

By Amit Chowdhry ● Mar 8, 2024

Black Tech Nation Ventures (BTN.vc) - a Pittsburgh-based venture firm announced the closing of a $50 million inaugural fund. And BTN.vc invests in software startups led by founders from diverse backgrounds that have historically been overlooked by venture funding. The fund believes Black, Latinx, female, indigenous, and LGBTQ+ entrepreneurs have the potential to generate outsized returns within the venture industry.

Chamber: Cardiology Solution Company Raises $8 Million

By Amit Chowdhry ● Mar 7, 2024

Chamber Cardio - a technology-enabled cardiology solution - announced an $8 million seed round led by General Catalyst with support from existing investor AlleyCorp and participation from Company Ventures, American Family Ventures, and City Light. In an industry where the transition to value-based care is limited among cardiologists, Chamber has emerged as a dedicated partner that is uniquely positioned to support and collaborate with cardiology practices.

Betr: $15 Million Raised At $375 Million Valuation

By Amit Chowdhry ● Mar 7, 2024

Betr announced it had closed $15 million in strategic equity financing from a premier group of investors at a $375 million valuation. This brought the total funding to date to $100 million.

Yuno: Global Payments Orchestration Platform Raises $25 Million

By Amit Chowdhry ● Mar 7, 2024

Yuno (a leading global payments orchestration platform) announced it had secured $25 million from a consortium of prominent investors, including DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.

Claroty: Cyber-Physical Systems Protection Company Raises $100 Million

By Amit Chowdhry ● Mar 7, 2024

Cyber-physical systems protection company Claroty has secured $100 million in strategic growth financing. The participants include lead equity investor Delta-v Capital and AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank, a division of First Citizens Bank. With Claroty's existing $635 million in funding to date, this new funding further establishes the company's leadership position in the critical infrastructure cybersecurity market.

Capstack Technologies Raises Funding From Citi Ventures

By Amit Chowdhry ● Mar 7, 2024

Capstack Technologies - the first bank-to-bank marketplace designed to mitigate asset risk - announced it had raised a strategic investment from Citi Ventures, driving a significant milestone in its goal to transform banking technology.

Taalas: AI And Silicon Innovator Company Raises $50 Million

By Amit Chowdhry ● Mar 7, 2024

Taalas - an innovator in AI and silicon - announced that it had exited stealth mode and raised $50 million over two rounds of funding led by Pierre Lamond and Quiet Capital.

Shape Memory Medical: Endovascular Embolization Company Raises $38 Million

By Amit Chowdhry ● Mar 7, 2024

Shape Memory Medical - a developer of custom shape memory polymers for endovascular markets - announced that it has completed $38 million in Series C financing led by Earlybird Venture Capital and with the participation of new and existing investors, including HBM Healthcare Investments (Cayman) Ltd., WexMed II LLC, HBM-Medfocus, and Emergent Medical Partners II, L.P.

Synctera: Embedded Banking And Finance Company Raises $18.6 Million

By Amit Chowdhry ● Mar 7, 2024

Synctera - a leader in embedded banking and finance - announced that it has raised an $18.6 million extension to its 2021 Series A round, with Lightspeed and Fin Capital co-leading alongside participation from other previous investors NAventures and Diagram. And new investors include Banco Popular and Mana Ventures.

Phase Genomics: $1.5 Million Funding Raised From Bill & Melinda Gates Foundation

By Amit Chowdhry ● Mar 7, 2024

Phase Genomics - a leading innovator at the forefront of genomics technology development - announced $1.5 million in new funding from the Bill & Melinda Gates Foundation to fuel a new antimicrobial discovery platform. Utilizing the power of lysins, phage-derived proteins that selectively kill specific bacteria and archaea, the program addresses two immediate threats that will shape the next century: a growing global antibiotic resistance crisis and the challenge of reducing global greenhouse gas emissions.

StormFisher Hydrogen Raises $30 Million From ARC Financial

By Amit Chowdhry ● Mar 7, 2024

StormFisher Hydrogen (a low carbon fuel facility development company) announced it has secured a $30 million investment from ARC Financial. The funding round will be used to develop an existing pipeline of projects in the United States and Canada.

Argyle: Payroll Connectivity Company Raises $30 Million

By Amit Chowdhry ● Mar 7, 2024

Argyle - a leading provider of direct-source income and employment data - announced the successful closing of a $30 million funding round led by Rockefeller Asset Management’s Fintech Innovation Fund. Rockefeller was joined by return investors Bain Capital Ventures, SignalFire, and Checkr.

Phagenesis: $42 Million To Develop Neurostimulation System To Treat Swallowing Dysfunction

By Amit Chowdhry ● Mar 7, 2024

Phagenesis - a pioneering UK company that has developed a revolutionary neurostimulation system to treat swallowing dysfunction - announced it has closed a $42 million Series D financing all equity investment round. And investment syndicate was led by EQT Life Sciences, and co-led by Sectoral, with new investors British Patient Capital, Northern Gritstone and Aphelion/Cardeation Capital also joining the round. This funding reflects their recognition of the transformative potential of Phagenesis' cutting-edge therapy, Phagenyx.