Venture Capital

Rondo Energy: Zero-Carbon Industrial Heat And Power Company Raises $60 Million

By Amit Chowdhry ● Aug 17, 2023

Rondo Energy - a leading provider of zero-carbon industrial heat and power - recently announced it has raised $60 million in a new financing plan to speed the rollout of Rondo Heat Batteries (RHBs) worldwide and to transform the global energy storage market.

Fizz: $25 Million Raised To Give Gen Z What They Are Looking For In Social Media

By Amit Chowdhry ● Aug 16, 2023

Fizz - a Gen Z-founded social media platform exclusively available for college students - recently announced the raise of its $25 million series B funding round led by Owl Ventures with participation from NEA. And Fizz rose above what Crunchbase considers the lowest funding quarter for Series B rounds in 3 years and does so on the heels of raising a $12 million Series A in November 2022.

Veza Receives Strategic Investments From Capital One Ventures and ServiceNow Ventures

By Amit Chowdhry ● Aug 16, 2023

Identity security company Veza recently announced that Capital One Ventures and ServiceNow Ventures have invested strategically in Veza, bringing the company’s total financing to $125 million. This funding will accelerate Veza’s product development, develop integrations for enterprise systems, and increase go-to-market capacity as it continues to meet the demand for its enterprise identity security platform.

Fitted: Fintech Software Company Raises $8.5 Million To Improve Retailer Connectivity

By Dan Anderson ● Aug 16, 2023

Fitted - a fintech software platform that reimagines brand and retailer connectivity - recently announced the closing of an $8.5 million series A funding round to fuel continued growth and meet customer demand. This funding round was led by Capital Eleven and included participation from Epic Ventures and Handshake Ventures.

Nature Coatings: $2.45 Million Closed To Transform Waste Materials Into Renewable Solutions

By Amit Chowdhry ● Aug 16, 2023

Nature Coatings - a leading biochemicals company transforming waste materials into bio-based, safe, and renewable solutions - recently announced the successful completion of an oversubscribed $2.45 million Seed funding round. The funding round was led by Regeneration.VC and The 22 Fund, with participation from actor and environmentalist Leonardo DiCaprio, Safer Made, and Portfolia.

Exponential Exchange: Financial innovation Platform Secures $7.4 Million In Seed Funding

By Annie Baker ● Aug 16, 2023

Financial innovation platform company Exponential Exchange recently announced the successful closing of an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management solutions into the automotive ecosystem and other industries with underserved asset classes.

Advanced Ionics Secures $12.5 Million Series A Round Led By bp

By Amit Chowdhry ● Aug 16, 2023

Advanced Ionics - the developer of a new category of hydrogen electrolyzers useful for expanding green hydrogen production - recently closed a $12.5 million Series A funding round led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate.

Harvard Startup basys.ai Closes $2.4 Million In Funding

By Amit Chowdhry ● Aug 16, 2023

basys.ai - a healthcare technology company co-founded by Harvard alumni Amber Nigam and Jie Sun in 2022 at Harvard University - announced the completion of its latest funding round, securing a total of $2.4 million in investments. This funding round will enable basys.ai to further its mission of empowering payers to streamline processes like prior authorization and utilization management.

Phospholutions: $10.15 Million Secured To Accelerate Commercialization Of Higher Efficiency Fertilizers

By Annie Baker ● Aug 16, 2023

Phospholutions - a pioneer in sustainable fertilizer technology - recently announced an additional $10.15 million investment from leading global fertilizer companies and investors to accelerate the commercialization of RhizoSorb in the US row crop market. And the funding round was led by Advantage Capital and included continued investment from Conti Ventures (a division of Continental Grain Company), Tekfen Ventures, Maumee Ventures, and Ben Franklin Technology Partners. Keytrade, a global fertilizer trader, also joins as a new investor.

Angeles Equity Partners: Fund II Closes Above $540 Million

By Amit Chowdhry ● Aug 16, 2023

Angeles Equity Partners LLC - a private investment firm focused on value creation through operational transformation - announced the final closing of Angeles Equity Partners II, L.P. and its parallel funds with total capital commitments exceeding its target of $500 million.

ClassWallet: Digital Wallet-Based Purchasing And Reimbursement Platform Company Raises $95 Million

By Amit Chowdhry ● Aug 16, 2023

ClassWallet - a leading digital wallet-based purchasing and reimbursement platform for public funds - recently announced it closed its first institutional growth capital funding round of $95 million. Guidepost Growth Equity led the funding round, which included Education Growth Partners (EGP) and Lazard Family Office Partners. This funding round builds on ClassWallet’s rapid growth and supports its continued efforts to reshape the way government agencies do business.

Zeelo: Transit Tech Company Secures $14 Million

By Dan Anderson ● Aug 16, 2023

Zeelo - a global transit-tech company powering bus operators, employers and schools to provide highly efficient, sustainable, and affordable private bus and shuttle transport programs - announced it has secured $14 million in its latest Series A extension round from three new venture capital firms, including FlatzHoffmann, the European growth equity investor; IREON Ventures, the venture capital arm of Motor Oil Hellas; and a prominent Boston-based family office with a principal that recently took their Nasdaq listing private for $6 billion.

Octave Bioscience: Precision Care Company Extends $30 Million Series B Funding Round

By Noah Long ● Aug 16, 2023

Octave Bioscience - a leading precision care company focused on delivering a new standard of care for multiple sclerosis (MS) and other neurodegenerative diseases - recently announced the closing of a $30 million extension to its Series B funding round.

Jurny: AI-Powered Property Management Solution Closes $2 Million In Funding

By Annie Baker ● Aug 16, 2023

Jurny - the market's only vertically integrated artificial intelligence (AI)-powered property management solution - recently announced it opened a community investment round on Wefunder. Backed by venture capital and serving thousands of customers worldwide, Jurny has invited retail investors – who typically gain access only after an IPO – to participate for a limited time. This funding round has already experienced tremendous interest, garnering over $2 million within its first week open to the public.

Voiceflow: $15 Million Raised From OpenView Venture Partners

By Amit Chowdhry ● Aug 16, 2023

Voiceflow - which is the industry’s first and leading collaboration platform for building AI agents - recently announced it had closed a $15 million round of financing led by OpenView, a leading venture capital firm focused on business software. And with this funding round, Voiceflow will amplify its commitment to product innovation while helping conversational AI product teams design, test, and launch AI agents for customer support.

MacroFab: $20 Million Growth Capital Secured From Trinity Capital

By Dan Anderson ● Aug 16, 2023

Trinity Capital - a leading provider of diversified financial solutions to growth-stage companies - recently announced the commitment of $20 million in growth capital to MacroFab, the comprehensive manufacturing platform for building electronics from prototype to high-scale production.

Dioxycle: $17 Million Raised To Turn Carbon Dioxide Emissions Into Sustainable Chemicals

By Annie Baker ● Aug 16, 2023

Dioxycle - a French-American start-up that transforms carbon dioxide emissions into high-value, sustainable chemicals - recently announced the successful closure of its Series A funding round of $17 million. The funding round was co-led by renowned climate tech investors Lowercarbon Capital and Breakthrough Energy Ventures Europe (BEV-E), with participation from Gigascale Capital. This funding round propels Dioxycle into an exciting new development phase towards a first-of-its-kind industrial-emission-busting demonstrator.

Futureverse And Outlier Ventures Launch Accelerator Program

By Amit Chowdhry ● Aug 16, 2023

As part of a strategic collaboration, Futureverse (a leading AI and metaverse technology and content company) and Outlier Ventures (the leading global web3 investor and accelerator by volume) announced the launch of the Futureverse Base Camp accelerator. This program, which will receive funding from the recently announced Born Ready, a venture fund and studio created by the co-founders of Futureverse, will select a cohort of leading early-stage startups building across The Root Network, a public decentralized blockchain network optimized for metaverse apps and experiences. And the program will provide the chosen teams with a virtual 12-week program filled with support from world-class experts. Starting in January 2024, this program marks a significant leap in supporting creators, innovators, and communities shaping the future of the open metaverse.

Kivera: Cloud Security Company Raises $3.5 Million

By Amit Chowdhry ● Aug 16, 2023

Kivera recently announced it had raised $3.5 million in seed funding from General Advance, Round 13 Capital, and several angel investors, including Srinath Kuruvadi, Managing Director and Head of Cloud Security, JP Morgan & Chase; Ely Kahn, VP Product for Cloud Security and AI/ML at SentinelOne; Dimitri Sirota, Founder and CEO of BigID; and other senior executives from Amazon, Google, Shift5, ServiceNow, and Zscaler. With the funding, Kivera will invest in new talent as it moves its headquarters from Sydney, Australia, to New York City.

Kriya Therapeutics: $430 Million Round Closed To Deliver Gene Therapies For Prevalent Diseases

By Amit Chowdhry ● Aug 15, 2023

Kriya Therapeutics - a biopharmaceutical company developing gene therapies for conditions affecting millions of people around the world - recently announced the addition of over $150 million in capital committed as part of its Series C Financing, bringing the total Series C round to over $430 million. The proceeds from the funding will support the clinical translation of Kriya’s broad pipeline of gene therapies and the continued scaling of its engineering, computational and manufacturing platforms.

Nexo Therapeutics: Small Molecule Oncology Company Secures $60 Million

By Annie Baker ● Aug 15, 2023

Nexo Therapeutics recently emerged from stealth with a $60 million Series A financing led by founding investor Versant Ventures with participation from New Enterprise Associates and Cormorant Asset Management. And the company also announced a multi-year strategic research collaboration with The University of Texas MD Anderson Cancer Center.

Eagle Merchant Partners: Fund I Closed At $265 Million

By Amit Chowdhry ● Aug 14, 2023

Eagle Merchant Partners - a private equity firm investing in lower middle-market franchise, consumer, and industrial companies - recently announced the closing of its inaugural fund, Eagle Merchant Partners I, L.P. The fund had closed with over $265 million, which was well more than its initial target.

K4Connect: $8.9 Million Closed To Provide Enterprise Technologies For Senior Living Communities

By Dan Anderson ● Aug 14, 2023

K4Connect - a leading provider of enterprise technologies for senior living communities - recently announced it raised $8.9 million in a new investment round co-led by Bryce Catalyst and AVP (AXA Venture Partners), with continuing support from other existing investors, including Intel Capital, Forté Ventures, Topmark Partners, and the Ziegler-Linkage Fund. This latest funding round brings the company's total funding raised to $39 million and will be used for driving further adoption in the senior living market while continuing to rapidly advance its patented FusionOS integration technology and K4Community Engagement Suite.

Ossium Health: $52 Million Raised To Develop First Bank Of On-Demand Bone Marrow

By Amit Chowdhry ● Aug 14, 2023

Ossium Health - a bioengineering company developing the world's first bank of on-demand bone marrow - recently announced a $52 million Series C funding round. The funding round was led by CPMG, with participation from Vivo Capital, First Round Capital, Manta Ray Ventures, Alumni Ventures, and Asahi Kasei. And the company is improving the health, vitality, and longevity of human beings through bioengineering and will deploy this funding to grow its proprietary bone marrow bank dramatically, build on existing clinical trials, and accelerate new product development.

Solink: $60 Million Secured To Grow Physical Security For Businesses

By Annie Baker ● Aug 14, 2023

Solink - a leading physical security company for businesses - recently announced it has closed $60 million in a Series C investment round. This funding round was led by the Growth Equity business within Goldman Sachs Asset Management with participation from the company’s existing investors, OMERS Ventures and BDC IT Ventures. And the investment from Goldman Sachs comes from its recently launched $5.2 billion growth equity fund, dedicated to investing in high-growth businesses with strong market positioning and durable business models.

Valhalla Ventures: $66 Million Fund I Launches To Invest In Deeptech And Gaming Companies

By Amit Chowdhry ● Aug 14, 2023

Valhalla Ventures - an early-stage venture capital firm - recently announced its debut $66 million flagship fund to invest in audacious innovators challenging the status quo across deeptech and gaming. And the firm is committed to supporting entrepreneurs who are unafraid to question consensus views and push the boundaries of science and engineering.

Goodwater: Over $1 Billion Raised For Supporting Consumer Technology Companies

By Amit Chowdhry ● Aug 14, 2023

Goodwater - one of the largest venture capital fund exclusively focused on consumer tech investments - recently announced that it has raised over $1 billion across its family of early and growth-stage funds. And with this raise, Goodwater accelerates its mission to empower exceptional entrepreneurs everywhere to change the world for good. With a consumer tech focus and global reach, the firm has backed 79 early and growth-stage startups in 19 countries worldwide.

Nirvana Water Sciences: Wellness Beverage Company Closes $2.625 Million In Funding

By Noah Long ● Aug 14, 2023

Nirvana Water Sciences - an innovative wellness and functional beverage company - recently announced a further investment of $2.625 million by Flagstaff International and other current investors. This funding round will fuel the growth of Nirvana's new functional spring waters and seltzers in traditional retail and support a new joint venture with Inspire Health Alliance, LLC, a pioneering healthcare service network with more than 1,500 physicians and surgeons across the U.S.

Ennabl: Insurtech Data Analytics Company Raises $8 Million

By Dan Anderson ● Aug 14, 2023

Ennabl - a leading Insurtech data analytics platform - recently announced the successful completion of its Series A funding at $8 million. This funding round will accelerate the company's growth and expand its market reach.

AsclepiX Therapeutics: $10 Million Raised For Advancing Phase 1/2a Clinical Study of AXT107

By Annie Baker ● Aug 14, 2023

AsclepiX Therapeutics - a clinical-stage biotech company leveraging computational biology from Johns Hopkins to identify and develop peptides for improved treatments of retinal diseases - recently announced that it has secured a $10 million Series A-3 financing.