Venture Capital

Health Prime International Receives Majority Investment From Aquiline Capital Partners

By Dan Anderson ● Feb 6, 2024

Health Prime International - a provider of revenue cycle management (RCM) solutions for physician practices - announced that Aquiline Capital Partners LP has made a majority investment.

Avnos Raises $36 Million In Funding Round Led By NextEra Energy

By Amit Chowdhry ● Feb 6, 2024

Avnos - a Los Angeles-based company developing novel Hybrid Direct Air Capture (HDAC) technology for carbon dioxide removal - announced it had closed $36 million in Series A funding. Avnos will use the new funding round to grow its world-class team, deploy additional HDAC assets across North America and Europe, and open a new, state-of-the-art research and development facility located just outside New York City.

Bettormetrics: Sports Betting Analytics Company Closes Series A In Funding

By Annie Baker ● Feb 6, 2024

Sports betting analytics specialist Bettormetrics announced that it raised Series A funding from Bettor Capital and Velo Partners to build their advanced sports book analytical platform and services. Bettormetrics launched last year and already has several tier 1 bookmakers in the US and Europe using their cloud-based analytics technology.

CAMB.AI: Speech AI Company Raises $4 Million

By Dan Anderson ● Feb 6, 2024

CAMB.AI - a groundbreaking speech AI company that specializes in instantaneously dubbing any performance in over 100 languages, dialects, and accents utilizing the original voices with their nuances - announced that it has raised a $4 million seed round. The funding round - which was led by Courtside Ventures, the investor group includes TRTL Ventures, Blue Star Innovation Partners, Ikemori Ventures, and Eisaburo Maeda. And TRTL and Dubai Future District Fund were early investors in CAMB.AI.

University Of Cincinnati 1819 Innovation Hub And Main Street Ventures Partnership: Details

By Amit Chowdhry ● Feb 6, 2024

To advance the region's burgeoning startup ecosystem, the University of Cincinnati 1819 Innovation Hub announced that Main Street Ventures (MSV), a non-profit capital deployment powerhouse for early-stage technology, retail, and product manufacturing companies, moved into the building this month. The partnership is expected to ramp up Cincinnati's startup and entrepreneurial ecosystem.

Adroit Trading Technologies: $15 Million Raised In Round Led By Centana Growth Partners

By Annie Baker ● Feb 6, 2024

Adroit Trading Technologies has announced a Series A growth round of $15 million led by Centana Growth Partners (a specialized growth equity firm that invests in fintech and related enterprise software). This funding will be used for accelerating growth by expanding client distribution and investing further in research and development.

Furno Materials Raises Funding From O’Shaughnessy Ventures

By Noah Long ● Feb 5, 2024

O'Shaughnessy Ventures LLC (a family office that invests in ambitious seed and pre-seed startups) announced that it has invested in Furno Materials. Launched in 2020 by Gurinder Nagra, Furno is building modular cement plants that are more carbon-efficient, cheaper to build, and less space-intensive than traditional plants.

Kin: D2C Home Insurance Company Raises $15 Million At Over $1 Billion Valuation

By Annie Baker ● Feb 5, 2024

Kin - a pioneering digital direct-to-consumer (D2C) home insurance company - announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy.

Nauticus Robotics: Subsea Robot And Software Company Secures $12 Million In Funding

By Noah Long ● Feb 5, 2024

Nauticus Robotics - a leading developer of subsea robots and software - announced it raised over $12 million in funding. This was part of a second tranche of investment.

Nibiru Chain: Layer 1 Blockchain And Smart Contract Ecosystem Closes $12 Million

By Annie Baker ● Feb 5, 2024

Nibiru Chain - a general-purpose layer 1 blockchain - announced it has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious growth phase. And venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.

Cross River’s Principal Finance Group Closed $825 Million In 2023 Capital Commitments

By Amit Chowdhry ● Feb 5, 2024

Cross River Bank (a technology infrastructure provider that offers embedded financial solutions) announced that its Principal Finance Group closed $825 million of capital commitments in 2023.

ProducePay: Agtech Company Raises $38 Million

By Amit Chowdhry ● Feb 5, 2024

ProducePay - an agtech company recognized as the World Economic Forum’s newest Unicorn Innovators for its transformational work strengthening the fresh produce supply chain - announced $38 million in Series D financing.

Banner Ridge Partners: Strategic Growth Investment Raised From Strategic Capital Group

By Annie Baker ● Feb 5, 2024

Banner Ridge Partners - a $7.3 billion private markets investment specialist - announced that Investcorp’s Strategic Capital Group (ISCG) made a growth investment in the Firm. The financial terms of the transaction were not disclosed.

Procyrion Raises $57.7 Million To Improve Outcomes For Patients With Cardiac Impairment

By Amit Chowdhry ● Feb 5, 2024

Procyrion - a medical device company dedicated to improving outcomes for patients with cardiac and renal impairment - announced the completion of a $57.7 million Series E funding round, including the conversion of $10 million of interim financing.

Baker Tilly: Strategic Investment Led by Hellman & Friedman

By Amit Chowdhry ● Feb 5, 2024

CPA firm Baker Tilly US, LLP announced a strategic investment from private equity firms Hellman & Friedman (H&F) and Valeas Capital Partners. This investment - which is estimated to close in early June 2024 - recognizes Baker Tilly’s outstanding track record of value creation and marks the largest private equity investment in the US CPA sector to date.

StatusPRO: Sports Tech And Gaming Company Raises $20 Million In Round Led By GV

By Amit Chowdhry ● Feb 5, 2024

StatusPRO - a sports technology and gaming company that uses real-time player data to create authentic extended reality experiences - announced $20 million in new funding, one of the largest Series A of any VR gaming company to date, led by GV (Google Ventures).

Vektor Medical: AI-Based Arrhythmia Analysis Technology Company Raises $16 Million

By Annie Baker ● Feb 5, 2024

Vektor MedicalVektor Medical - a pioneer in non-invasive and AI-based arrhythmia analysis technology - announced a $16 million Series A investment co-led by Solas BioVentures and TVM Capital Life Science. This funding round underscores investor confidence in Vektor’s vision to execute its mission to revolutionize arrhythmia care successfully.

Rivia Health: Healthcare Revenue Cycle Management Company Raises $3.25 Million

By Annie Baker ● Feb 5, 2024

Rivia Health (a revenue cycle management solution for healthcare provider organizations) announced a $3.25 million Series Seed funding round led by PHX Ventures. The new funding round will be used to expand Rivia Health's patient payment solution and enter new markets across the country.

p0 Emerges From Stealth With $6.5 Million In Funding

By Amit Chowdhry ● Feb 3, 2024

p0 recently launched from stealth and announced that it has raised $6.5 million from Lightspeed Venture Partners with participation from Alchemy Ventures to help stop catastrophic software failures.

Meteomatics Raises Strategic Investment From Lockheed Martin Ventures

By Amit Chowdhry ● Feb 3, 2024

Weather intelligence and technology company Meteomatics enables the world’s leading companies to forecast the weather’s impact on business accurately and the company announced the closing of a strategic funding round from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation.

MYAVANA: Partnership With Ulta Beauty And Strategic Investment From Prisma And BrainTrust

By Noah Long ● Feb 3, 2024

MYAVANA - a beauty-tech company founded by black female tech entrepreneur Candace Mitchell Harris - announced a new experiential partnership with Ulta Beauty, with strategic investments from Prisma Ventures, the beauty retailer's digital innovation fund, and the BrainTrust Fund.

Harbor: Infant Care Technology Company Raises $3.7 Million

By Amit Chowdhry ● Feb 3, 2024

Harbor - a company in infant care technology - announced the completion of a $3.7 million seed round led by Trust Ventures joined by Morrison Seger and Capital Factory. This funding round follows Trust Ventures pre-seed investment in September 2022.

Hildene Capital: $318.4 Million Non-QM Loan Securitization Closed

By Amit Chowdhry ● Feb 3, 2024

Hildene Capital Management, LLC - a $14.7 billion credit-focused asset manager - announced the completion of CROSS 2024-H1, a $318.4 million securitization backed by non-qualified residential mortgage (non-QM) loans originated by CrossCountry Mortgage (CCM), one of the largest retail residential mortgage originators in the U.S.

Anaergia Closes First Tranche Of Strategic Investment

By Noah Long ● Feb 3, 2024

Anaergia - a global renewable fuels leader - announced that the first tranche of the previously announced equity investment of C$40.8 million from Marny Investissement SA has closed with the issuance of 31.25 million units of the company for gross proceeds of C$12.5 million, immediately following entry by the parties into an amendment agreement.

Pivot Bio And Iowa State University Partnering On Center For Sustainable Agriculture

By Amit Chowdhry ● Feb 3, 2024

Sustainable agriculture company Pivot Bio opened its new 36,000-square-foot Customer Success Center in the heart of the Iowa State University Research Park this week. And this facility underscores the company's commitment to developing microbial nitrogen solutions that allow farmers to reduce their reliance on synthetic fertilizers.

Steinbridge Group Investing About $40 Million In Virginia Union University

By Amit Chowdhry ● Feb 3, 2024

Virginia Union University announced that impact investing firm Steinbridge Group will invest about $40 million to enable Virginia Union to unlock the value of its 100-acre real estate holdings in Richmond’s North Side. This investment will empower the University to develop underutilized parcels of land for commercial and residential uses.

Second Avenue Capital Providing Brixton With New $15 Million Credit Facility

By Annie Baker ● Feb 3, 2024

Schottenstein affiliate Second Avenue Capital Partners (SACP) (a leading provider of asset-based loans and credit facilities) announced it has closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand based in Oceanside, California. This credit facility will be instrumental in optimizing Brixton's working capital and fueling its continued growth in the competitive fashion industry.

Cohere Health: Clinical Intelligence And Prior Authorization Automation Company Raises $50 Million

By Amit Chowdhry ● Feb 2, 2024

Cohere Health - a leader in clinical intelligence and prior authorization automation - announced it has closed $50 million in additional equity funding. The funding round was led by Deerfield Management, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners, and brought the total raised by Cohere to $106 million. This latest funding round will drive the company's expansion to meet the increasing demand for Cohere's intelligent prior authorization platform.

The Parking Spot Raises $750 Million Debt Financing From Carlyle

By Amit Chowdhry ● Feb 2, 2024

Global investment firm Carlyle announced the closing of a $750 million senior secured debt financing for The Parking Spot, which is the largest near-airport parking company in the United States. And the facility will support the refinancing of existing debt associated with a subset of The Parking Spot’s portfolio consisting of 28 near-airport parking facilities across 18 major US airports in 13 states. Carlyle also served as the sole manager, structuring agent, and ratings advisor for the transaction.

CARPL: Enterprise Imaging AI Marketplace Platform Raises $6 Million

By Annie Baker ● Feb 2, 2024

CARPL - an enterprise imaging AI marketplace platform - has announced a $6 million funding round to enable healthcare providers to access, assess and integrate these radiology AI applications into their clinical workflows through a single user-interface, single data channel and single procurement system.