Venture Capital

Flowdesk: $50 Million Raised In Round Led By Cathay Innovation

By Annie Baker ● Jan 22, 2024

Flowdesk - a full-service digital asset trading technology firm - recently announced a $50 million Series B, led by Cathay Innovation, and the participation of Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple.

Wynnchurch Capital: $3.5 Billion Fund VI Closed

By Amit Chowdhry ● Jan 22, 2024

Wynnchurch Capital, L.P. - a leading middle market private equity firm - recently announced the closing of its sixth private equity fund, Wynnchurch Capital Partners VI, L.P. at $3.5 billion of committed capital. The fund - which had a target of $3 billion was significantly oversubscribed - leading to fund closing less than five months after its initial launch.

Flexport: $260 Million Raised From Shopify

By Amit Chowdhry ● Jan 22, 2024

Logistics company Flexport officially announced today that it raised $260 million in funding from Shopify. The $260 million is in the form of an uncapped convertible note.

DailyPay: On-Demand Pay Company Secures Over $175 Million

By Amit Chowdhry ● Jan 22, 2024

DailyPay - a leading on-demand pay company - recently announced it has secured over $175 million to fuel growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing - which valued the company at $1.75 billion on a pre-money basis.

Valsoft Closes $170 Million In Growth Funding

By Amit Chowdhry ● Jan 22, 2024

Valsoft Corporation - a Canadian company specializing in acquiring and developing vertical market software businesses - recently announced the closing of US$170 million in growth funding. This investment - led by Coatue and Viking Global Investors - seeks to accelerate Valsoft’s portfolio expansion and strengthen its leadership position as a global consolidator in the vertical software sector.

CenterGate Capital: Partnership With Automatic Transmissions Company TransGo Announced

By Amit Chowdhry ● Jan 22, 2024

CenterGate Capital - an Austin-based private equity investment firm - announced that its affiliate has invested in TransGo, LLC, a leading provider of aftermarket parts and kits for automatic transmission repair.

Kashable: $25.6 Million Raised To Provide Socially Responsible Credit And Financial Wellness Solutions As A Sponsored Voluntary Benefit

By Amit Chowdhry ● Jan 22, 2024

Kashable - a fintech platform that offers socially responsible credit and financial wellness solutions as an employer-sponsored voluntary benefit - recently announced a Series B capital raise of $25.6 million. The funding round was co-led by Revolution Ventures and Moneta Ventures, with participation from EJF Capital and Krillion Ventures.

Windjammer Capital: Fund VI Closes At $1.3 Billion

By Amit Chowdhry ● Jan 22, 2024

Windjammer Capital Investors - a national private equity investment firm focused on control equity investments in middle-market businesses - recently announced the closing of its sixth fund Windjammer Capital Fund VI at its hard cap.

Safary: $2.4 Million Raised To Track The Web Without Using Cookies

By Noah Long ● Jan 22, 2024

Safary - a web3 alternative to Google Analytics - recently announced the successful closure of its pre-seed round, raising $2. million. The funding round was led by Lemniscap, with participation from Arca, SevenX, Big Brain Holdings, Saison Capital, Diaspora Ventures, and 20 web3 angel investors – 14 of which are members of the Safary community.

3DEO: Strategic Investment Raised From Development Bank Of Japan And Seiko Epson

By Noah Long ● Jan 22, 2024

Bowmark: £900 Million Raised For Seventh Flagship Fund

By Amit Chowdhry ● Jan 22, 2024

The Bowmark VII was launched with a target of £800 million and experienced significant demand from both existing and new investors. And the fund achieved a rapid first close in October 2023 and held a final close at its hard cap within just three months of the first closing.

Mirae Asset Capital Life Science Exits Stealth Mode With $50 Million Fund

By Annie Baker ● Jan 22, 2024

Mirae Asset Capital Life Science - a venture capital firm investing in private biotechnology companies - officially emerged from stealth after announcing its inaugural $50 million fund: Mirae Asset Capital Life Science Inception I, LP. The firm is also supported by a diverse global investor base comprised of Limited Partners within the Mirae Asset Financial Group.

Tr1X: $75 Million Secured To Develop Universal Allogeneic Regulatory T (Treg) And CAR-Treg Cell Therapies

By Annie Baker ● Jan 22, 2024

Tr1X recently announced its emergence from stealth with a $75 million Series A financing to bring universal allogeneic regulatory T (Treg) and CAR-Treg cell therapies to the clinic to treat and potentially cure autoimmune and inflammatory diseases. These are the details.

Ratio Therapeutics: $50 Million Secured For Ramping Up Targeted Cancer Treatments

By Amit Chowdhry ● Jan 22, 2024

Ratio Therapeutics - a pharmaceutical company that employs a suite of innovative technologies to develop best-in-class radiopharmaceuticals for the treatment and monitoring of cancers - recently announced the closing of its $50 million Series B financing, bringing the total raised to date to over $90 million.

SmartLabs: $48 Million Closed To Combine Flexible Lab Infrastructure, Operations, And Scientific Expertise

By Amit Chowdhry ● Jan 22, 2024

SmartLabs - a leading provider of flexible laboratory infrastructure and resourcing solutions - recently announced a $48 million Series C funding round raise. The funding round included ArrowMark Partners, Winslow Capital Management, and Conversion Venture Capital (CVC2) participation.

Starwood Capital Group Launches Digital Ventures Arm

By Amit Chowdhry ● Jan 22, 2024

Starwood Capital Group - a leading global private investment firm focused on real estate - recently announced the launch of Starwood Digital Ventures, a platform dedicated to the firm's growing global data center investment strategy.

I Squared Capital Closes $1.2 Billion DFC Climate Fund

By Amit Chowdhry ● Jan 22, 2024

I Squared Capital - a leading independent global infrastructure investment manager - recently announced that it has closed its first dedicated Climate Fund set up in connection with U.S. International Finance Development Corporation (DFC). And DFC will commit $300 million alongside commitments from funds led by I Squared Capital of $900 million to invest in climate-related infrastructure projects.

Vidia Equity: Climate Fund I Closed At €415 Million

By Amit Chowdhry ● Jan 22, 2024

Vidia Equity - a thematic investor in industrial decarbonization climate solutions - recently announced the final close of its Vidia Climate Fund I. At €415 million, the fund was oversubscribed.

Cart.com: Commerce And Logistics Company Raises $70 Million In Debt Refinancing From Silicon Valley Bank

By Amit Chowdhry ● Jan 22, 2024

Cart.com - a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere - recently announced it has secured a $70 million debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. The latest facility is part of a larger $100 million debt refinancing provided by SVB’s Technology Corporate Banking Division and Trinity Capital.

Oleria: Autonomous Identity Security Solutions Company Raises $33.1 Million

By Dan Anderson ● Jan 22, 2024

Oleria - a company providing adaptive and autonomous identity security solutions - recently announced it has raised $33.1 million in a Series A funding round. This latest funding, which brings the company’s total funding to over $40 million, was led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry VC, and Zscaler. This funding round also enables Oleria to ramp up hiring to accelerate its product innovation, including AI capabilities, as well as its go-to-market strategy.

Kiln: Enterprise-Grade Staking Platform Closes $17 Million In Funding

By Annie Baker ● Jan 22, 2024

Leading enterprise-grade staking platform Kiln announced the closing of a $17 million funding round led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank, and further contributions from existing investors.

New Energy New York Opens Applications For ChargeUp Accelerator

By Amit Chowdhry ● Jan 22, 2024

New Energy New York (NENY) has opened applications for ChargeUp, a new accelerator that will help startups working on battery innovations advance their technology development and their business. And early-stage companies with battery innovations anywhere in the supply chain are encouraged to apply by 11:59 p.m. EST Feb. 23, 2024. Companies accepted into the accelerator will receive $25,000, connections to investors, and opportunities for follow-on investment including up to $100,000 for technical development. The participation in the Binghamton based accelerator is mostly remote, with select weeks in person for instructional workshops and pitches to investor groups.

SKY ENGINE AI: $7 Million Secured To Advance Vision AI Development

By Annie Baker ● Jan 22, 2024

SKY ENGINE AI recently announced it raised $7 million in Series A round to help tech companies improve computer vision with Synthetic Data Cloud for AI developers.

TrusTrace: Product Traceability And Compliance Company Secures $24 Million

By Amit Chowdhry ● Jan 22, 2024

TrusTrace - a global SaaS company with a market-leading platform for product traceability and compliance - recently announced it completed a $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

Alphathena: Funding Raised From ETFS Capital And HPA

By Amit Chowdhry ● Jan 22, 2024

Alphathena - a leading AI-powered direct indexing platform for Registered Investment Advisors (RIAs) - recently announced it has secured a $4-million investment led by ETFS Capital, with Hyde Park Angels (HPA) joining the round.

Digital Onboarding: $58 Million Raised To Build Engagement Platform For Banks And Credit Unions

By Dan Anderson ● Jan 22, 2024

Digital Onboarding - a SaaS company helping more than 100 financial institutions deepen their customer relationships - recently announced it closed a $58 million growth investment from Boston-based growth equity firm Volition Capital. The funding round follows rapid secular growth for Digital Onboarding as banks and credit unions increasingly seek out digital solutions to drive customer engagement and additional product adoption.

ORTEC Partners With Battery Ventures To Accelerate Growth

By Noah Long ● Jan 22, 2024

ORTEC - a global provider of decision support software and data science capabilities - recently announced a partnership with investment firm Battery Ventures to accelerate its growth ambitions. This partnership, including a significant investment by Battery, marks a key moment in ORTEC’s existence and positions the company to increase its impact on customers and in core markets globally.

Blueshift Raises $40 Million Growth Investment From Runway Growth Capital

By Annie Baker ● Jan 22, 2024

Runway Growth Capital LLC - a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity - recently announced a $40 million debt commitment to Blueshift. Blueshift helps brands automate and personalize engagement across every marketing channel, using a unique combination of Customer AI & Generative AI.

Act One Ventures: $73 Million Raised For Third Fund

By Amit Chowdhry ● Jan 22, 2024

Act One Ventures - an early-stage VC firm that created the Diversity Rider, has finished raising its third fund. With $73 million in committed capital, Act One more than tripled the $23 million raised for its second fund and brought its total assets under management (AUM) to $148 million.

Aramco Allocates $4 Billion For VC Arm Aramco Ventures

By Amit Chowdhry ● Jan 22, 2024

Aramco - one of the world's leading integrated energy and chemicals companies - recently allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. This will more than double the capital allotted to Aramco Ventures, increasing its total investment allocation from $3 billion to $7 billion.