Venture Capital

Teamfront: Business Management Software Company Secures Funding From Mainsail Partners

By Noah Long ● Feb 9, 2024

Teamfront (a leading provider of business management software, payments solutions, and services with diverse business lines, including over 3,000 customers and $2.2 billion in invoicing volume) announced a growth investment from Mainsail Partners. While the specific financial details remain confidential, this investment enables Teamfront to embark on its next expansion phase, aiming to strengthen its market presence through organic growth and strategic acquisitions to broaden its business lines across multiple verticals.

LimaCharlie: Security Operations Cloud Platform Company Raises $10.2 Million

By Annie Baker ● Feb 9, 2024

LimaCharlie - the creator of the first-ever Security Operations (SecOps) Cloud Platform - announced a $10.2 million Series A investment round led by Sands Capital with follow-on from new and previous investors, including CoFound Partners, Long Journey Ventures, Lytical Ventures, Myriad Venture Partners, StoneMill Ventures, and Strategic Cyber Ventures.

Thea Energy: Fusion Energy Company Closes $20 Million

By Annie Baker ● Feb 9, 2024

Thea Energy (a fusion energy company advancing stellarator technology for commercialization) announced the closing of a $20 million Series A financing. Prelude Ventures led the round with participation from other investors, including 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, and Starlight Ventures.

Handle.com Raises Funding From Suffolk Technologies

By Noah Long ● Feb 9, 2024

Handle.com (a construction payments software platform) announced it has raised a significant investment from Suffolk Technologies (the venture capital affiliate of Suffolk Construction, one of the nation’s leading construction entities). This strategic funding round marks a major moment for Handle as it seeks to expand its innovative credit and payment solutions across the built environment.

AmeriPro Health: Patient Logistics And Last-Mile Healthcare Delivery Company Partners With Whistler Capital

By Dan Anderson ● Feb 9, 2024

AmeriPro Health (a leading provider of patient logistics and last-mile healthcare delivery services) announced a partnership with Whistler Capital Partners (a leading healthcare-focused private equity firm, to invest in the Company and support its continued growth). And AmeriPro will continue to be led by founder and CEO Suhas Uppalapati and the company’s existing executive leadership team. The deal is expected to close in the first quarter of fiscal year 2024, subject to customary closing conditions and regulatory approvals. The financial terms were not disclosed.

Capital Square Partners Invests In Bits In Glass

By Dan Anderson ● Feb 8, 2024

Capital Square Partners (CSP) - a leading private equity firm specializing in cross-border technology and business services - announced it has completed a significant investment in Bits In Glass (BIG) - an award-winning technology firm known for being a trusted partner in digital transformation.

Bloomerang Raises Strategic Investment From Warburg Pincus

By Amit Chowdhry ● Feb 8, 2024

Bloomerang - a leading donor, volunteer, and fundraising management software platform for thousands of small and medium-sized nonprofits - announced that it received an investment from Warburg Pincus. And the funding – combined with JMI Equity's investment in 2020 and the company's recent acquisition of Qgiv – will drive ongoing growth and success to help Bloomerang deliver the sector's first fully-integrated giving platform.

Blue Owl Capital Partners With Lunate For Investing In Private Market Investment Managers

By Amit Chowdhry ● Feb 8, 2024

Blue Owl Capital (a leading alternative asset manager) and Lunate (a global alternative investment manager headquartered in Abu Dhabi managing US$105 billion in assets) announced a joint venture to provide growth capital to leading mid-sized private capital GPs.

Closinglock: Fintech And Fraud Prevention Company Closes $12 Million In Funding

By Annie Baker ● Feb 8, 2024

Closinglock (a leading fintech and fraud prevention technology provider for the real estate industry) announced the successful closure of its $12 million Series A funding round. Led by Headline and backed by LiveOak Ventures, RWT Horizons, and GTMfund. This funding round will help drive Closinglock’s goal to transform the transfer of funds and information in real estate.

Ezra: $21 Million Secured To Apply AI To MRI Scanning

By Amit Chowdhry ● Feb 8, 2024

Ezra - a healthcare AI-based company transforming MRI imaging and early cancer detection - announced that it has raised $21 million in new funding. The round was co-led by Healthier Capital and led by Amir Dan Rubin, former CEO of Amazon’s One Medical. And FirstMark Capital co-led the round, with participation from Allianz Life Ventures (the venture capital arm of Allianz Life Insurance Company of North America), the Schwarzman family, former Chairman of England’s National Health Service (NHS) Lord David Prior, Gaingels, Republic, and Mana Ventures. The existing investors Credo Ventures, Seedcamp, LDV Capital, Accomplice, Founders Future, Vlad Tenev, Anne Wojcicki, and Esther Dyson also participated. And Amir Dan Rubin will also join Ezra’s Board of Directors.

Formlogic Raises $20 Million In Equipment Financing From Trinity Capital

By Amit Chowdhry ● Feb 8, 2024

Trinity Capital (a leading provider of diversified financial solutions to growth-stage companies) announced the commitment of $20 million in equipment financing to Formlogic (a provider of autonomous precision manufacturing services intended for space companies).

Stellar Sleep: $6 Million To Build Solutions For Chronic Insomnia Management

By Noah Long ● Feb 8, 2024

Stellar Sleep - a company that provides the first digital solution for chronic insomnia management - announced a $6 million seed round, led by Initialized Capital with participation from Y Combinator, Lombardstreet Ventures, Switch Ventures, Moonfire Ventures, Scrum Ventures, 8vdx and Goodwater.

Altamont Capital Partners Names Billy Medof As Operating Partner

By Annie Baker ● Feb 8, 2024

Altamont Capital Partners announced that Billy Medof joined the firm as an Operating Partner. In this new role, Medof will accelerate Altamont's investment thesis within the corrugated packaging industry, drawing on nearly 20 years of executive leadership experience. And Medof previously served as President of Georgia Pacific (GP) Corrugated and business leader for GP's Sheet Feeders, which are subsidiaries of Koch Industries.

Perigon: Contextual Intelligence Company Raises $5 Million

By Annie Baker ● Feb 8, 2024

Perigon - a company that is reshaping how AI processes the ever-expanding realm of public web data and news media - announced it has successfully closed a $5 million seed financing round led by LiveOak Ventures. Launched in 2022 by serial entrepreneur Joshua Dziabiak and Emmy-winning innovator Josh Rickel, Perigon is at the forefront of organizing the web's vast data for the age of AI.

Aizon: $20 Million Raised To Improve Pharma Manufacturing Outcomes

By Amit Chowdhry ● Feb 8, 2024

Aizon - an AI SaaS provider that transforms pharmaceutical manufacturing operations - announced that it has closed $20 million in Series C funding led by NewVale Capital. And existing investors Atlantic Bridge, Crosslink Capital, and Uncork Capital also participated in the round.

Predictive And Preventative Pregnancy Care Company Aster Raises $2.3 Million

By Amit Chowdhry ● Feb 8, 2024

Aster (a predictive and preventative pregnancy care platform for patients and providers) announced the company’s first funding round of $2.4 million, led by Cake Ventures in partnership with Cornerstone VC and additional participation from Barclays Black Formation Investments (managed by Zeal Capital Partners), Octopus (FCF), Blueprint, Everywhere and select angel investors.

Onward (Formerly Studio X) Reveals New Brand And Advisory Board

By Amit Chowdhry ● Feb 8, 2024

Onward has announced a full rebrand as the energy innovation studio fortifies its mission to transform the energy industry and achieve a Net Zero future. And in tandem, a newly assembled inaugural advisory board will bolster the company’s growth with unique perspectives to advance the energy transition and scale services to the energy sector and to the global climate community.

Mechanical Orchard: $24 Million Raised To Help Companies Move To Cloud-Based Applications

By Amit Chowdhry ● Feb 8, 2024

Mechanical Orchard - a company helping businesses transition away from mainframe-based IT systems to cloud-based applications - announced it has raised $24 million in a Series A funding round, led by Emergence Capital. There was also further investment from Industry Ventures, Spider Capital, Bloomberg Beta, Cendana Capital, and Webb Investment Network.

Pagaya: Five-Year $280 Million Credit Facility Closed

By Amit Chowdhry ● Feb 7, 2024

Pagaya Technologies (a global technology company delivering AI-driven product solutions for the financial ecosystem) announced the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S. Private Capital, UBS O’Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank.

Omega: Web3 Infrastructure Provider Raises $6 Million

By Noah Long ● Feb 7, 2024

Omega has announced the successful completion of $6 million in funding, solidifying its position as a pioneer in bringing native Bitcoin to the DeFi ecosystem. And this funding was secured through three rounds of investment with participation from Lightspeed Faction, Borderless Capital and Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, MH Ventures, and others.

Subscribili Raises $4.3 Million In Seed Funding To Transform The Dental Care Industry

By Dan Anderson ● Feb 7, 2024

Subscribili (a pioneer in subscription-based healthcare) announced it has secured a significant $4.3 million in seed funding. This funding round - which was led by Darby Group Companies and supported by Vyne Dental - is also backed by other notable figures in the dental and technology industries. They include Gokul Rajaram, a distinguished board member of Pinterest and Coinbase, and Krishna Raj Raja, the founder of Support Logic. This funding heralds a new era of accessibility and innovation in dental care.

ZEDEDA: Edge Management And Orchestration Company Raises $72 Million

By Amit Chowdhry ● Feb 7, 2024

ZEDEDA - a leader in edge management and orchestration - announced the closing of $72 million in growth capital, with the Series C round led by Smith Point Capital, founded by former Salesforce Co-CEO Keith Block.

Branching Minds Raises Growth Investment From Bain Capital Double Impact

By Amit Chowdhry ● Feb 7, 2024

Branching Minds (a pioneering innovator in education technology) announced it received a growth investment from Bain Capital Double Impact, a leading social impact investor. And this new partnership will enable Branching Minds to enhance K-12 student outcomes nationwide by equipping educators with a novel, data-driven software platform that addresses individual learning needs.

Shepherd: Commercial Construction Insurance Tech Company Raises $13.5 Million

By Annie Baker ● Feb 7, 2024

Shepherd (an insurance tech platform for commercial construction) announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re, and Spark Capital. And Shepherd combines insurance with software to help contractors save on premiums.

Riverside Acceleration Capital Closes RAC Opportunity Fund II At $235 Million

By Amit Chowdhry ● Feb 7, 2024

The Riverside Company (a global private investment firm that has been seeking to fuel transformative growth for business owners and portfolio companies since 1988) held a successful final closing of its Riverside Acceleration Capital Opportunity Fund II, L.P. (RAC Opportunity Fund II), raising $235 million in capital commitments. And with the closing of this fund, RAC has increased its growth equity investment capacity by more than four times.

Coalesce Capital: Oversubscribed $900 Million Inaugural Fund Closed

By Amit Chowdhry ● Feb 7, 2024

Coalesce Capital (a private equity firm investing in human capital-driven and technology-enabled services companies) announced the closing of its inaugural fund Coalesce Capital Fund I LP and parallel vehicles with $900 million in total capital commitments. And the Fund was oversubscribed and secured investor commitments in nine months, above its original target of $750 million. Coalesce now has about $1 billion in regulatory assets under management (AUM).

Polycam: 3D Creation Company Closes $18 Million In Funding

By Annie Baker ● Feb 7, 2024

Polycam (a leading 3D creation tool for iPhone and Android) has announced an $18 million Series A led by Left Lane Capital and Adjacent with participation by Adobe Ventures and a stellar group of angel investors including Chad Hurley (YouTube), Shaun Maguire (Sequoia), Julien Chaumond (HuggingFace) and Barry McCardel (Hex). Using computer vision and AI, Polycam is building powerful 3D creation and editing tools that enable anyone to make photorealistic 3D assets easily.

Overflow: $20 Million Raised To Develop Solutions For Church And Nonprofit Finance Teams

By Amit Chowdhry ● Feb 7, 2024

Overflow - a company redefining generosity through innovative financial solutions - announced the successful closure of its $20 million Series B funding round. Wesleyan Investment Foundation led the strategic round, and existing investors, including Uncork, R7, and TheGP joined them.

Platform Accounting Group Raises $85 Million In Round Led By Cynosure Group

By Amit Chowdhry ● Feb 7, 2024

Platform Accounting Group announced the close of an $85 million minority funding round led by Cynosure Group. There was also continued participation and support from early investors Swell Capital and Peery Capital.

Mesh: Professional License Verification Company Raises $5.7 Million

By Annie Baker ● Feb 7, 2024

Mesh - a modern provider of real-time professional license verification trusted by leading marketplaces - announced the launch of its Multi-Factor Business Identity solution for marketplaces, e-commerce, and vendor and contractor compliance.