Venture Capital

LemFi: $53 Million (Series B) Raised To Transform How Immigrants Access Financial Services

By Amit Chowdhry ● Jan 20, 2025

LemFi, a platform transforming how immigrant communities access financial services, has raised $53 million in Series B funding led by Highland Europe with participation from previous investors Left Lane Capital, Palm Drive Capital, and Y-Combinator. The new funding round brings LemFi’s total capital to $85 million.

DESRI Raises Minority Investment From Macquarie Asset Management

By Amit Chowdhry ● Jan 20, 2025

Macquarie Asset Management (MAM), D. E. Shaw Renewable Investments (DESRI), and the D. E. Shaw group announced that MAM has completed a previously announced significant minority investment in DESRI via several MAM-managed funds. And DESRI is a leading renewable energy company that develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the United States. The investment will enable DESRI to continue its growth.

AlphaGen Raises $500 Million From ADIA

By Amit Chowdhry ● Jan 20, 2025

ArcLight Capital Partners announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) has agreed to make a $500 million minority investment in AlphaGen, a power infrastructure portfolio owned by affiliates of ArcLight-managed funds.

Shippeo: Multimodal Transportation Visibility Company Raises $30 Million

By Amit Chowdhry ● Jan 20, 2025

Shippeo, a leader in real-time multimodal transportation visibility, announced a $30 million strategic funding round led by Woven Capital, Toyota’s growth fund, with participation from existing investors: Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good, and Yamaha Motor Ventures. This new funding round will support Shippeo’s accelerated expansion across North America and APAC while driving enhancements to its Real-Time Transportation Visibility Platform. With this funding round, Shippeo’s total funding exceeds $140 million.

Union Healthcare Insight: Strategic Investment Raised From New Mountain

By Amit Chowdhry ● Jan 20, 2025

Union Healthcare Insight, a healthcare research and insights platform, announced a strategic investment from affiliates of New Mountain Capital, a leading growth-oriented investment firm with approximately $55 billion in assets under management. And New Mountain, along with healthcare executive Robert Musslewhite, will support Union across the next phase of growth for the company by providing an investment that will significantly expand the scope of Union’s research and product capabilities.

Vertical Compute: €20 Million (Seed) Secured To Build Integrated Memory And Computing Technology

By Amit Chowdhry ● Jan 20, 2025

Vertical Compute, a company founded by CEO Sylvain Dubois (ex-Google) and CTO Sebastien Couet (ex-imec), announced that it successfully closed a seed investment round of €20 million. The funding round was led by imec.xpand and supported by a strong investor base, including Eurazeo, XAnge, Vector Gestion and imec. And this funding will support Vertical Compute’s goals of developing a novel vertical integrated memory and compute technology, unlocking a new generation of AI applications.

Sygnum: Digital Asset Banking Company Raises $58 Million At Over $1 Billion Valuation

By Amit Chowdhry ● Jan 20, 2025

Sygnum announced it has raised a total of $58 million in its oversubscribed strategic growth round, giving it a post-money valuation of over $1 billion. Final close cornerstone investor Fulgur Ventures (a Bitcoin-focused venture capital firm) was joined by new and existing strategic and financial investors and Sygnum team members. The co-founders, board, and team members continue to hold Sygnum's majority ownership.