Venture Capital

Sepion Technologies: $17.5 Million Grant Received For Building Advanced Battery Separator Manufacturing Facility

By Amit Chowdhry ● Oct 8, 2024

Sepion Technologies - a leader in battery materials innovation - announced plans to build a cutting-edge lithium-ion battery separator manufacturing facility in the Capitol Innovation District, a 1 million square foot advanced biomanufacturing innovation district in the heart of West Sacramento. With a $17.5 million grant from CALSTART and the California Energy Commission’s PowerForward: ZEV Battery Manufacturing Grant Program, the facility will address critical supply chain gaps and bolster the domestic battery workforce — crucial for national security and the clean energy transition.

Integrated Biosciences: $17.2 Million (Seed) Secured To Advance Use Of Synthetic Biology

By Amit Chowdhry ● Oct 8, 2024

Integrated Biosciences, a biotechnology company pioneering the use of synthetic biology and machine learning to develop next-generation therapeutics for age-related diseases, announced that it has closed a $17.2 million seed financing, led by Sutter Hill Ventures with participation from Root Ventures, Civilization Ventures, Illumina Ventures Labs, Lifespan Vision Ventures, Overlap Holdings, SH Fund (Sabrina Hahn), Conscience VC, Mission BioCapital, Reinforced Ventures, Polymath Capital, Michael Stoppelman, and Vijay Pandurangan. The company also revealed that Keith Loebner, Ph.D. has been appointed to the company’s Board of Directors and that Karl Sylvester, M.D., Uri Alon, Ph.D., and Wendy B. Young, Ph.D. have been appointed as advisors to the company.

AirOps: $15.5 Million (Series A) Raised To Help Marketers Scale AI Growth Workflows

By Amit Chowdhry ● Oct 8, 2024

AirOps, a company helping marketers build and scale AI growth workflows, announced it has raised $15.5 million in Series A funding. The funding round was led by Unusual VC, with participation from Wing VC, Founder Collective, XFund, Alt Capital, Lauryn Motamedi, David Rogier, and JD Ross.

Submer Raises $55.5 Million Growth Round To Build Greener AI Factors And Datacenters

By Amit Chowdhry ● Oct 8, 2024

Submer announced an investment round of $55.5 million, led by M&G, a leading investment company with £346.1 billion assets under management as of June 2024. The funding comes from its £5 billion purpose-led Catalyst strategy. Among existing investors, Planet First Partners and Norrsken VC reinvested alongside M&G and, together with Mundi Ventures, reaffirmed their support as strong backers of Submer’s strong financial position and growth potential.

Endomimetics: University of Alabama At Birmingham Startup Receives $2.8 Million Grant

By Amit Chowdhry ● Oct 8, 2024

The University of Alabama at Birmingham startup company Endomimetics has received a $2.8 million Small Business Innovation Research Phase II grant from the National Institute of Neurological Disorders and Stroke.

New Frontier Aerospace: Seed Funding Round From Pacific Bays Capital

By Amit Chowdhry ● Oct 7, 2024

New Frontier Aerospace (NFA) - a leading developer of advanced aerospace technologies - announced that it has closed a seed funding round with Pacific Bays Capital (PacCap), which is a Tokyo-based investment fund focused on the aerospace, space, green agriculture and energy sectors.

InterVene: $13 Million (Series A) Secured To Develop Interventional Solutions For Chronic Venous Insufficiency

By Amit Chowdhry ● Oct 7, 2024

InterVene - a clinical-stage medical device company dedicated to developing interventional solutions for chronic venous insufficiency (CVI) - announced the closing of its $13 million Series A financing round. The funding was co-led by new investor Treo Ventures and existing investor RiverVest Venture Partners. In connection with this financing, Brad Vale (Treo Ventures founding general partner) has joined InterVene’s Board of Directors.

Quorum: Unified Data Optimization Platform Company Raises Seed Funding Round

By Amit Chowdhry ● Oct 7, 2024

Quorum, a leading unified data optimization platform for marketers and publishers focused on driving actions, outcomes, and commerce at scale, announced its seed funding round closing. The funding, which includes Crush Ventures and Dudley Fund, will help Quorum accelerate growth and innovation in alignment with strong demand.

Ambow Education: $1.3 Million Licensing Deal Secured

By Amit Chowdhry ● Oct 7, 2024

Ambow Education - an AI-based educational technology company - announced today that it has entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD. This agreement grants licensing authorization for the production of the HybriU AI UniBox and the sale of HybriU, a comprehensive AI-driven, plug-and-play educational solution, in international markets. The agreement aligns with Ambow's mission to advance the future of education and empower educators and students globally.

STG Logistics: Containerized Logistics Services Company Closes $300 Million In Financing

By Amit Chowdhry ● Oct 7, 2024

STG Logistics, a leading provider of containerized logistics services, announced the completion of a $300 million debt and equity financing package. This funding, which is backed by STG's existing lenders and equity sponsors, will provide the company with significant capital to fuel its ongoing expansion and strategic growth initiatives.

Future Trash: Multidisciplinary Creative Studio Raises $5 Million

By Amit Chowdhry ● Oct 7, 2024

Future Trash, a multidisciplinary creative studio, announced that it has raised $5 million in venture capital funding led by TIRTA and General Catalyst. The funding round will be dedicated to Future Trash's flagship original IP, FOAD, which leverages Fortnite's Unreal Editor (UEFN) tools and ecosystem to create a User-Generated-Content (UGC) native video game franchise.

Kando: $10 Million Secured For Accelerating Innovation In Wastewater Intelligence

By Amit Chowdhry ● Oct 7, 2024

Kando (a leading wastewater intelligence company dedicated to improving global wastewater quality) announced the closing of its latest investment round, raising $10 million and bringing the total amount raised to $30 million.

Kailera Therapeutics: $400 Million (Series A) Raised To Advance Next-Gen Therapies For Obesity

By Amit Chowdhry ● Oct 7, 2024

Kailera Therapeutics announced its launch as a clinical-stage biopharmaceutical company focused on advancing a broad pipeline of next-generation therapies for treating obesity and related conditions. And Kailera launches with a $400 million Series A financing co-led by Atlas Venture, Bain Capital Life Sciences, and RTW Investments, with participation from Lyra Capital. The company is also developing several clinical-stage injectable and oral therapies that have demonstrated potential as best-in-class treatments for chronic weight management.

Halon Security: Investment Raised From Intera Partners

By Amit Chowdhry ● Oct 6, 2024

Intera Partners announced it has invested in Halon Security, a global leader in email infrastructure software based in Sweden. This new funding will enable Halon to accelerate its global expansion and continue leading innovation in carrier-grade email solutions.

Logic Tech Raises Strategic Funding From First Principles

By Amit Chowdhry ● Oct 6, 2024

First Principles Capital (FPC), an investment firm focused on partnering with founder-led businesses, announced a strategic investment into Logic Tech Corporation, a Canadian dental practice management software leader. And Logic Tech has been a driving force in the dental industry for over 30 years, with its innovative software solutions, including the Paradigm Clinical platform, trusted by over 1,000 practices across Canada.

Avarra: Enterprise Avatar Company Raises $8 Million (Seed)

By Amit Chowdhry ● Oct 6, 2024

Avarra announced an $8 million seed round of funding and the general availability of the industry's first fully interactive, AI-avatar-based enterprise application. Lightspeed Venture Partners led the funding round, which included participation from the GTM Fund, Firsthand Alliance, and industry leaders, including John W. Thompson.

Convergence: Personal AI Agent Company Raises $12 Million (Pre-Seed)

By Amit Chowdhry ● Oct 6, 2024

Convergence—a startup creating personal AI agents for everyone—announced it has raised $12 million in pre-seed funding led by Balderton Capital. Salesforce Ventures and Shopify Ventures also participated in the round. This funding round will be used to develop novel models that power Proxy assistants, going beyond the current generation of AI and focusing on enabling continual learning and skill acquisition through memory.

StrataPT: Billing-Aware Practice Management Platform Company Raises $25 Million

By Amit Chowdhry ● Oct 6, 2024

StrataPT, a billing-aware practice management platform for outpatient therapy clinics, announced it raised $25 million in financing led by Council Capital. This funding round comes as StrataPT experiences substantial growth, led by demand for its SaaS-based platform, which combines Electronic Medical Records (EMR), Revenue Cycle Management (RCM), billing, and collections into a single solution that helps practitioners improve cash flow and focus on patient care.

WholeTrees Structures: $1 Million Investment Raised From U.S. Endowment For Forestry And Communities

By Amit Chowdhry ● Oct 6, 2024

WholeTrees Structures, a national leader and unrivaled expert in engineering unmilled timber for commercial construction, announced a $1 million investment from the U.S. Endowment for Forestry and Communities as part of the Endowment’s inaugural mission-related investment (MRI) program.