Venture Capital

Elve: Millimeter Wave Amplifier Technology Company Raises $15 Million

By Amit Chowdhry ● Feb 26, 2024

Elve - a leader in innovative millimeter wave amplifier technology - has announced the successful completion of a Series A round of $15 million from a selected group of investors, including TomEnterprise Private AB, Green Sands Equity, Yu Galaxy, Cambium Capital, and Lockheed Martin Ventures.

Crisp: Collaborative Commerce Company Raises $50 Million

By Amit Chowdhry ● Feb 26, 2024

Crisp announced it has raised $50 million in new capital through a $20 million Series B extension round and up to $30 million in debt financing. The company’s existing investors, including Blue Cloud Ventures, FirstMark Capital, Spring Capital, and 3L, participated in the equity round. TriplePoint Capital provided debt for refinancing existing senior debt, fund operating activities, and continued acquisitions.

Carewell: $24.7 Million Secured To Provide Family Caregivers With Tools For Taking Care Of Loved Ones

By Amit Chowdhry ● Feb 26, 2024

Carewell - an online retailer focused on providing family caregivers with tools and resources to care for their loved ones - announced a $24.7 million Series B capital raise to accelerate further its mission of streamlining access to home health products. This funding round was led by the principals of MBF Healthcare, with participation from existing investors Sageview Capital and Headline, among others. And the company has made several senior-level hires amidst plans to relocate its headquarters to Miami.

Zūm Rails: $10.5 Million Raised To Combine Open Banking And Instant Payments Capabilities

By Amit Chowdhry ● Feb 26, 2024

Zūm Rails - an all-in-one payments gateway that merges open banking with instant payments - announced the closing of a C$10.5 million Series A funding round. This funding round was led by Arthur Ventures - a Minneapolis-based growth equity firm specializing in B2B software.

Helius: $9.5 Million Raised To Help Crypto Applications Build Better On Solana

By Amit Chowdhry ● Feb 26, 2024

Helius - a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana - announced its $9.5 million Series A round closing. These are the details.

Gigamon Raises Significant Strategic Investment From Siris

By Amit Chowdhry ● Feb 26, 2024

Gigamon - a leading deep observability company that helps organizations to effectively secure and manage hybrid cloud infrastructure - announced the completion of a significant strategic investment from Siris, a leading private equity firm focused on investing and driving value creation in technology companies.

Finpilot: $4 Million Raised For Building Finance Specific AI Models

By Amit Chowdhry ● Feb 26, 2024

Finpilot announced $4 million in seed financing led by Madrona with participation from Ascend.vc and angels from leading hedge funds. And Finpilot is applying AI to the challenging task of extracting knowledge out of unstructured financial data, such as the data found in SEC documents, call transcripts, research reports, and private financial documents.

b.well Connected Health Raises $40 Million In Round Led By Leavitt

By Amit Chowdhry ● Feb 26, 2024

b.well Connected Health - a company powering platform-enabled healthcare ecosystems - announced the closing of a $40 million Series C growth round led by Leavitt Equity Partners. Andrew Clark, Managing Partner at Leavitt Equity Partners joins the b.well board of directors.

Reveleer: $65 Million Raised To Advance Sustainable Value-Based Care For Health Plans And Risk-Bearing Providers

By Amit Chowdhry ● Feb 26, 2024

Reveleer - a leading AI-powered healthcare technology data and analytics company committed to advancing sustainable value-based care for health plans and risk-bearing providers - announced it has raised over $65 million in new capital in a financing round led by Hercules Capital.

Goldman Sachs Launches Open-Ended European Private Credit Strategy

By Amit Chowdhry ● Feb 26, 2024

Goldman Sachs Alternatives announced that it has launched a new open-ended, semi-liquid European private credit strategy (GSEC) that will benefit from the firm’s 28-year track record as a leader in European private credit. This launch continues the firm’s successful efforts to expand access to its Alternatives platform for professional investors (including qualified individuals).

RTL Group Investing Over €200 Million To Expand Fremantle

By Amit Chowdhry ● Feb 26, 2024

Fremantle (RTL Group’s global content production business) has agreed with Oaktree Capital Management to acquire Asacha Media Group. Asacha Media Group is a European production group based in Paris that owns majority stakes in eight production companies in France, Italy, and the UK, focusing on scripted and unscripted content. Under the terms of the deal, Fremantle can acquire the outstanding shareholdings in the eight production companies over the next years.

Sandbrook Capital Committing Up To $460 Million To rPlus Energies

By Amit Chowdhry ● Feb 26, 2024

Five years since being founded, rPlus Energies (a leading private renewable energy developer) announced a platform-level partnership with Sandbrook Capital (a private investment firm dedicated to transforming the world's energy infrastructure). And Sandbrook will invest up to $460 million in the platform alongside continued support from Gardner Group, the founding investor in rPlus and a leading commercial real estate company in the Mountain West.

AlTi Tiedemann Receiving Strategic Investment Of Up To $450 Million

By Amit Chowdhry ● Feb 26, 2024

AlTi Global (a leading independent global wealth and alternatives manager with approximately $68 billion in combined assets) recently announced a strategic investment of up to $450 million by Allianz X and Constellation Wealth Capital (CWC).

Rimkus Raises Funding From HGGC

By Amit Chowdhry ● Feb 26, 2024

Rimkus Consulting Group - a worldwide leader in engineering and technical consulting - recently announced that the firm has received a strategic growth investment from HGGC, a leading middle-market investment firm. And existing minority investor Century Equity Partners and the Rimkus management team will be rolling significant equity into the transaction. The financial details of the deal were not disclosed.

InsightRX Raising Growth Capital From CIBC Innovation Banking

By Amit Chowdhry ● Feb 26, 2024

CIBC Innovation Banking recently announced that it has provided growth financing to InsightRX, a San Francisco-based software company utilizing quantitative pharmacology and artificial intelligence (AI) to improve therapeutic decision-making from phase I drug development to the point of patient care. And InsightRX applies patient-specific data and quantitative models to tailor dosing for complex treatments, including antibiotics, chemotherapeutic agents, and immunosuppressants. InsightRX also taps into AI to empower data scientists to analyze clinical trial data, aid in trial design, understand dose-exposure-response relationships, and refine dosing strategies for regulatory submissions.

Applied Ventures Investing In VVDN Technologies: Details

By Amit Chowdhry ● Feb 25, 2024

Applied Ventures (the venture capital arm of Applied Materials) announced a growth equity investment in VVDN Technologies, one of the leading India-based electronics product design, software, and manufacturing companies. This strategic growth funding from Applied Ventures will enable VVDN to expand the R&D of next-generation semiconductor technologies and electronic products and solutions.

unybrands Raises Series B Funding Round To Scale E-Commerce Businesses

By Amit Chowdhry ● Feb 25, 2024

unybrands, an integrated platform built to scale e-commerce businesses on and off Amazon, recently announced that it closed its largest acquisition to date in an all-cash deal.

Blackbird Health: Neuroscience-Led Youth Mental Health Provider Company Raises $17 Million

By Amit Chowdhry ● Feb 25, 2024

Blackbird Health - a neuroscience-led and technology-backed youth mental health provider - announced it raised $17 million in series A funding. And the funding round was led by Define Ventures and included participation from Frist Cressey Ventures and GreyMatter. Blackbird has raised nearly $23 million to date.

Strata Clean Energy: $559 Million In Financing Secured For 1GWh Battery Energy Storage Project in Arizona

By Amit Chowdhry ● Feb 25, 2024

Strata Clean Energy - a leading developer, owner, and operator of renewable energy projects - announced it has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex. And the 255MW/1,020MWh storage facility broke ground on January 18 and is expected to be operational by April 2025.

Varana Capital Announces First Close Of Chai10x Fund

By Amit Chowdhry ● Feb 25, 2024

Varana Capital - an asset management platform specializing in venture capital, private equity, and public markets - announced the successful first close of its Chai 10x Fund. With over $20 million secured and over $10 million of additional commitments, this marks the largest first closing for emergency Israel funds to date.

CLARA Analytics Raises Funding From Nationwide Ventures

By Amit Chowdhry ● Feb 25, 2024

CLARA Analytics and Nationwide are deepening their current partnership as CLARA received an investment from Nationwide Ventures, the investment arm of the insurance and financial services company. And Nationwide’s investment comes from its $350 million investment fund. CLARA raised $64 million, including its recently announced Series C.

Abridge: Clinical Documentation AI Leader Raises $150 Million

By Amit Chowdhry ● Feb 25, 2024

Abridge - a leader in generative AI for clinical documentation - announced an additional $150 million investment, utilizing momentum from their product’s rapid uptake among health systems nationwide. This funding round comes just fourth months after their $30 million Series B, and is one of the largest funding rounds made to date in generative AI for healthcare.

Orkes: $20 Million Raised To Scale Distributed Systems

By Amit Chowdhry ● Feb 24, 2024

Orkes - a company with a platform that offers the fastest way to scale distributed systems - announced it has raised $20 million in new funding. Nexus Venture Partners led this latest funding round with participation from existing investors Battery Ventures and Vertex Ventures US. And Nexus Managing Director Abhishek Sharma led his firm’s investment and will be joining the board.

Conservation Labs Raises $7.5 Million To Decode Audio Data Into Actionable Insights For Reducing Carbon Emissions

By Amit Chowdhry ● Feb 24, 2024

Conservation Labs - an artificial intelligence (AI) company that developed a groundbreaking platform that decodes audio data into actionable insights in the built environment to reduce carbon emissions and energy and water usage - announced that it had raised a $7.5 million Series A funding round. This funding round was led by RET Ventures’ Housing Impact Fund and included the participation of Sustain VC.

Insamo Raises $12 Million To Pioneer The Discovery Of Membrane-Permeable And Orally Available Cyclic-Peptides

By Amit Chowdhry ● Feb 24, 2024

Insamo - a biotechnology company pioneering the discovery of membrane-permeable and orally available cyclic peptides - announced $12 million in seed capital from Playground Global, venBio, and MRL Ventures Fund (MRLV). Sahsen Ventures, BEVC, Civilization Ventures, and Axial Ventures also participated in the recent financing.

HealthSnap: Remote Patient Monitoring And Chronic Care Management Company Raises $25 Million

By Amit Chowdhry ● Feb 24, 2024

HealthSnap - a Miami-based Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) solution for healthcare providers - announced its Series B financing totaling $25 million.

Empowerly: $15 Million Secured To Provide Personalized College And Career Guidance

By Amit Chowdhry ● Feb 24, 2024

Empowerly - a data-driven education technology company that provides personalized college and career guidance - announced it has raised a $15 million financing round led by Conductive Ventures.

Novity: $7.8 Million Closed To Optimize Maintenance Operations

By Amit Chowdhry ● Feb 24, 2024

Novity - the provider of the TruPrognostics AI, a truly predictive maintenance AI for process industry clients - announced the successful closure of $7.8 million in financing. WERU Investment led the investment in a global consortium of investors including Myriad Venture Partners and METAWATER, Co., Ltd.

Elektra Health: Women’s Health Company Secures $3.3 Million

By Amit Chowdhry ● Feb 23, 2024

Elektra Health - a digital health platform that empowers women navigating the menopause journey via evidence-based education, medical care, and community - announced $3.3 million in a new funding round led by UPMC Enterprises (the innovation, commercialization, and venture capital arm of UPMC), with participation from Wavemaker 360, and existing investors Flare Capital Partners and Seven Seven Six Fund. This brings the total amount of equity finance raised to $7.6 million. Kathryn Heffernan from UPMC Enterprises and Dr. Monica Jain from Wavemaker 360 have joined Elektra's Board of Directors.

Qloo: Cultural AI Company Raises $25 MIllion

By Amit Chowdhry ● Feb 23, 2024

Qloo - a pioneer in cultural AI - announced it had secured $25 million in Series C funding, highlighting the significant contributions that the company continues to make to the rapidly evolving AI ecosystem. This funding round was led by AI Ventures, with participation from AXA Venture Partners, Eldridge, and Moderne Ventures.