Venture Capital

Groundfloor Reveals 2023 Results: $1.3 Billion In Retail Investments And $1.1 Billion In Investor Repayments

By Amit Chowdhry ● Feb 7, 2024

Groundfloor - an award-winning alternative investment platform with over $1 billion in investment and repayment volume - announced another year of growth and innovation.

Disney To Buy $1.5 Billion Stake In Fortnite Creator Epic Games

By Amit Chowdhry ● Feb 7, 2024

The Walt Disney Company and Epic Games are collaborating on an all-new games and entertainment universe that will further expand the reach of Disney stories and experiences. And Disney will also invest $1.5 billion to acquire an equity stake in Epic Games alongside the multiyear project. The deal is subject to customary closing conditions, including regulatory approvals.

Morgan Stanley Inclusive Ventures Lab Hosts Demo Day With 23 Companies

By Amit Chowdhry ● Feb 7, 2024

Morgan Stanley is hosting its largest global Demo Day, with 23 participating companies from North America, Europe, the Middle East, and Africa (EMEA). The cohort companies will pitch over 300 investors, potential business partners, and customers.

GAGE: Employee Recognition Enterprise Platform Company Raises Seed Funding

By Noah Long ● Feb 7, 2024

GAGE announced that it secured seed funding from Eagle Venture Fund and a group of angel investors. GAGE is a platform and mobile app designed to “Build a Better Workforce” with a new approach to employee engagement, recognition, and performance management.

Device Authority: Identity And Access Management Company Secures $7 Million

By Annie Baker ● Feb 7, 2024

Device Authority - a global leader in Identity and Access Management for Enterprise IoT ecosystems - announced $7 million in Series A funding from Ten Eleven Ventures. This investment follows Device Authority’s launch of the company’s new KeyScaler AI solution.

3 Boomerang Capital Closes Flagship PE Fund At Over $375 Million

By Amit Chowdhry ● Feb 7, 2024

3 Boomerang Capital (3BC) - a lower middle-market healthcare-focused private equity firm - announced that it has completed fundraising for its flagship private equity fund, 3 Boomerang Capital I, LP.

Rain: Financial Wellness Platform Raises $300 Million From Clear Haven Capital Management

By Amit Chowdhry ● Feb 7, 2024

Rain - a financial wellness platform that helps companies give employees greater control over their finances - announced it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding round, Rain now has more capital to service its growing customer base, allowing it to provide employees with an easy way to access their earned wages in real-time, driving increased retention, job applications, and employee engagement.

IONIX: Attack Surface Management Company Raises $42 Million

By Amit Chowdhry ● Feb 7, 2024

IONIX - a leader in Attack Surface Management (ASM) - announced it has completed its $42 million A Round funding by securing $15 million in additional funding from new investors Maor Investments along with participation from existing investors Hyperwise Ventures, Team8 and U.S. Venture Partners (USVP). The total funding to date is $50.3 million. In addition, cyber veteran Chad Kinzelberg will be joining IONIX’s Board of Directors.

PineBridge’s Private Credit Team Closes $1.7 Billion Of Capital

By Amit Chowdhry ● Feb 7, 2024

PineBridge Investments - a private global asset manager focused on active and high-conviction investing - announced the final close of PineBridge Private Credit III as of 30 January 2024 as part of the firm’s lower-middle-market direct lending strategy. Inclusive of fund-level leverage, the Private Credit team raised $1.7 billion of capital in Fund III, above its target size of $1 billion. This latest closing brings the total Private Credit platform to $5 billion.

GigaStar: $3 Million Raised To Help YouTube Creators Raise Capital

By Dan Anderson ● Feb 7, 2024

GigaStar - a startup that fuels human creativity - announced the completion of an additional $3 million investment round. GigaStar provides YouTube Creators with a streamlined way to raise capital by monetizing potential future revenue.

finally: AI-Based Accounting And Finance Platform Company Raises $10 Million

By Annie Baker ● Feb 7, 2024

finally - a fintech startup helping businesses automate their accounting and finance functions - announced it raised $10 million in new capital to continue hiring and expand its suite of solutions to SMBs. PeakSpan Capital led the funding round with participation from Active Capital.

ONE Store Raises $10 Million From Digital Turbine

By Annie Baker ● Feb 7, 2024

Korean app market ONE Store - a provider of mobile content including games, apps, and multimedia content - announced that it has secured an investment often million dollars from Digital Turbine, the global leader in growth solutions for the mobile ecosystem, bringing Digital Turbine’s innovative SingleTap technology to over 40+ million ONE Store users inSouth Korea, and joining forces in bringing ONE Store’s app marketplace to key markets overseas.

NinjaOne: Endpoint Management IT Platform Company Raises $231.5 Million At $1.9 Billion Valuation

By Amit Chowdhry ● Feb 7, 2024

NinjaOne (a leading IT platform for endpoint management, security, and visibility) announced it raised a $231.5 million Series C funding round led by ICONIQ Growth. Frank Slootman, Chairman and CEO of Snowflake, and Amit Agarwal, President of Datadog, among others, also invested in the round.

Synthetaic: Advance AI Solutions Provider Raises $15 Million

By Amit Chowdhry ● Feb 6, 2024

Synthetaic - a leading provider of advanced AI solutions - announced it raised $15 million in Series B funding from new and existing investors. The funding round was co-led by Lupa Systems and TitletownTech, with participation from IBM Ventures and Booz Allen Hamilton.

Screendragon Raises $27 Million From Kennet Partners And Federated Hermes Private Equity

By Amit Chowdhry ● Feb 6, 2024

Screendragon Ltd. (a technology leader in SaaS-based workflow automation) announced that Kennet Partners and Federated Hermes Private Equity have invested $27 million in the software company to drive the continued expansion of the business.

CrowdStrike And AWS Pick 22 Startups For AWS & CrowdStrike Cybersecurity Accelerator

By Amit Chowdhry ● Feb 6, 2024

CrowdStrike announced the 22 companies selected for the inaugural Amazon Web Services (AWS) & CrowdStrike Cybersecurity Startup Accelerator for Europe, Middle East, and Africa (EMEA) based startups. Selected from hundreds of applicants, the cohort will receive customized mentorship, technical expertise, and partnership opportunities from the AWS Startup Loft Accelerator (SLA) program, with a potential to receive funding from CrowdStrike’s strategic investment vehicle, CrowdStrike Falcon Fund.

Spearmint Energy: $47.5 Million Project Finance Term Loan Raised From Manulife

By Amit Chowdhry ● Feb 6, 2024

Spearmint Energy - a next-generation renewable energy company enabling the clean energy revolution through battery energy storage - announced it has successfully closed a $47.5 million project finance term loan from Manulife, a global financial services provider. This term loan will support the commercial operation of Revolution, Spearmint’s 150 MW, 300 MWh battery energy storage system (BESS) project located in West Texas’ ERCOT power market.

Elemind: AI-Enhanced Neurotech Health Company Raises $12 Million

By Amit Chowdhry ● Feb 6, 2024

A group of leading scientists, doctors, and entrepreneurs have unveiled a first-of-its-kind wearable neurotechnology platform that utilizes proprietary algorithms and AI to improve health through noninvasive, proactive brainwave stimulation without the side effects of pharmaceuticals. Elemind - the new AI-enhanced neurotech health company - emerged from stealth closed a $12 million seed round to further develop its first product ahead of its reveal in the coming months.

Arglass: Over $230 Million Raised To Build Another Furnace In Georgia

By Amit Chowdhry ● Feb 6, 2024

Glass container manufacturer company Arglass announced it has secured over $230 million in capital to build a second furnace on its campus in Valdosta, Georgia. And Arglass raised a combination of structured equity and debt to finance the construction.

Candor: Series B Funding Raised In Round Led By Rice Park

By Annie Baker ● Feb 6, 2024

Candor Technology (a leading provider of automated underwriting technology and other technology enabled solutions for the mortgage industry) announced it has closed a Series B equity round to expand its Loan Engineering System’s capabilities.

ArteraAI: $20 Million Raised To Develop AI Tests For Personalizing Cancer Therapy

By Amit Chowdhry ● Feb 6, 2024

ArteraAI - a developer of multimodal artificial intelligence (MMAI) based predictive and prognostic cancer tests - announced that it has secured an additional $20 million in capital fueled by several prominent large investment funds including Prosperity7 Ventures, EDBI, Walden Catalyst Ventures, Wilson Sonsini Goodrich & Rosati, and Trium Ventures, along with investors Navin Chaddha, Rajiv Khemani (AISpace VC), and Andrew & Elliott Tan (A&E Investment LLC).

Rider Dome: AI-Driven Motorcycle Safety Solution Raises $2.3 Million

By Annie Baker ● Feb 6, 2024

Rider Dome - a Singapore-based company specializing in AI-driven safety solutions for motorcycle fleets and riders - announced the successful completion of a $2.3 million seed funding round. Participating in the round were private angel investors Goldbell (a prominent Singaporean venture capital firm) specializing in mobility and Radha Rani Holdings Family Office based in Singapore.

Evrotrust: Digital Transformation Provider Company Raises €3.3 Million

By Noah Long ● Feb 6, 2024

Evrotrust - a Europe-based trusted digital transformation provider - announced it has received a significant investment of €3.3 million from existing clients and private equity fund Silverline Capital. This is just a few months after Evrotrust got recognized as a notified eID scheme by the European Commission. This funding reinforces Evrotrust's position as a major European digital identity market player.

Techreo Raises $3.4 Million Bridge Funding Round

By Dan Anderson ● Feb 6, 2024

Creation Investments Capital Management (a leading global impact investor in emerging markets) announced its participation in a $3.4 million bridge funding round to support the expansion of Techreo, a Mexico City-based digital financial services platform, further. And G2 Momentum, a venture capital firm in Mexico City, was also part of the financing round.

ActionStreamer: IoT Media Streaming Platform Company Closes $2.4 Million In Funding

By Noah Long ● Feb 6, 2024

ActionStreamer - a market-leading media streaming platform for IoT devices - announced the closing of its $2.4 million Series A funding round, led by JumpStart Ventures through the Advanced Manufacturing Fund, managed with support from MAGNET. The Castellini Management Company, owners of the Cincinnati Reds, also co-invested in the round.

Volta Insite Raises $7 Million In Seed Funding To Accelerate InsiteAI Platform

By Noah Long ● Feb 6, 2024

Volta Insite announced the successful completion of its seed round funding, raising $7 million to accelerate the development of InsiteAI. This is the most advanced tool for monitoring vital electrical assets to eliminate costly downtime.

Trinity Hunt Partners: Oversubscribed Fund VII Closed At $700 Million Hard Cap

By Amit Chowdhry ● Feb 6, 2024

Trinity Hunt Partners has announced the closing of Trinity Hunt Partners VII (Fund VII) at its hard cap of $700 million in capital commitments. And Fund VII was oversubscribed, with fundraising completed in less than five months.

6AM City: Series A Funding Round Led By Tegna Raised

By Annie Baker ● Feb 6, 2024

6AM City - which is one of the fast-growing local daily newsletter company - announced it has closed its series A funding round led by TEGNA.

Malone’s CNC Machining Raises $3 Million From Advantage Capital

By Noah Long ● Feb 6, 2024

Advantage Capital (a leading impact investment firm) announced a $3 million investment in Malone’s CNC Machining (a manufacturer of replacement parts and assemblies for United States military aircrafts). And the company will use the financing to support the purchase of new equipment and address working capital needs.

Ambience Healthcare Raises $70 Million To Develop AI Operating System For Healthcare Organizations

By Amit Chowdhry ● Feb 6, 2024

Ambience Healthcare - which is one of the most comprehensive AI operating systems for healthcare organizations - has announced a $70 million Series B raise co-led by Kleiner Perkins and OpenAI Startup Fund. The raise also includes existing investors Andreessen Horowitz and Optum Ventures.