Venture Capital

UrbanStems: Modern Floral Gifting Company Secures $5 Million In Funding

By Annie Baker ● Jan 5, 2024

UrbanStems - a premier modern floral gifting company - recently announced that it has secured $5 million in Series C extension funding from existing investors. The funding fuels the company's growth strategy as it expands same-day delivery service to new cities across the U.S.

Goldman Sachs Asset Management: $650 Million Raised For West Street Life Sciences I Fund

By Amit Chowdhry ● Jan 5, 2024

Goldman Sachs Asset Management recently announced the final close of West Street Life Sciences I, representing the first fund in the firm’s Life Sciences Investing strategy. Life Sciences I closed above the fundraising target, with $650 million in equity commitments from a global, diverse group of institutional, strategic and high net worth investors and meaningful commitment from Goldman Sachs employees. The fund raise is one of the largest ever first-time private life sciences growth funds.

Vigilant Ops: SBMOM Automation Company Closes $2 Million In Funding

By Dan Anderson ● Jan 5, 2024

DataTribe - a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies - recently announced a $2 million seed investment in Vigilant Ops, a leading automation platform for the generation, maintenance, and authenticated sharing of certified Software Bill of Materials (SBOM). Vigilant Ops (winner of the 6th annual DataTribe Challenge in November) performs continuous vulnerability monitoring and alerting, security patch notifications, and the ability to upload SBOMs - lists of the software libraries embedded in products - from alternate sources.

Perplexity: AI Search Company Raises $73.6 Million At A Reported $520 Million Valuation

By Amit Chowdhry ● Jan 5, 2024

Perplexity recently announced milestones reinforcing the company’s increasingly dominant role in this new era of AI-native search. Since publicly launching the world’s first fully functional conversational answer engine about a year ago, the company has grown to 10 million monthly active users and served over half a billion queries last year.

Ceretype Neuromedicine: Functional MRI Company Raises $2 Million

By Noah Long ● Jan 5, 2024

Ceretype Neuromedicine - a pioneer in the practical application and integration of functional MRI (fMRI) - recently announced that it has closed its second round of seed financing. And the company’s $2 million funding target was oversubscribed.

Forward Consumer Partners: Debut Fund Closed At $425 Million Hard Cap

By Amit Chowdhry ● Jan 4, 2024

Forward Consumer Partners - a private equity firm that invests in branded consumer businesses - announced recently the successful closing of its oversubscribed debut fund, Forward Fund I (Fund I).

Vasa Therapeutics Raises $6 Million In Seed Funding To Develop Therapies For Cardiovascular Aging Diseases

By Dan Anderson ● Jan 4, 2024

Vasa Therapeutics - a preclinical stage biopharmaceutical company developing novel therapies for cardiovascular aging - recently announced the closing of $6 million in series seed funding led by Orphinic Scientific SA. The funding round also included participation from private investment funds NuFund Venture Group, SeedFolio, and others.

Radionetics Oncology: $52.5 Million Secured To Advance Radiopharmaceutical Pipeline

By Annie Baker ● Jan 4, 2024

Radionetics Oncology - a clinical-stage radiopharmaceutical company focused on discovering and developing novel agents for treating a wide range of oncology indications - recently announced the completion of a $52.5 million Series A financing. The funding round was led by Frazier Life Sciences, 5AM Ventures, and new investor, DCVC Bio, with participation from Crinetics Pharmaceuticals and GordonMD Global Investments, raising the total to $82.5 million.

Aqua Security: $60 Million Funding Raised At Over $1 Billion Valuation

By Amit Chowdhry ● Jan 4, 2024

Aqua Security - a pioneer in cloud-native security - recently announced it had secured $60 million in funding, led by new investor Evolution Equity Partners, with participation from existing investors Insight Partners, Lightspeed Venture Partners, and StepStone Group. The funding - which is an extension of the company’s Series E round - placed Aqua’s valuation above $1 billion.

Vita Inclinata: $44 Million Closed To Create A Safety Ecosystem For Rescue Crews

By Noah Long ● Jan 4, 2024

Vita Inclinata Technologies - an innovator in intelligent lifting hardware and software for rescue crews and other field safety applications - recently announced that it secured $44 million in funding from 3&1 Fund, a global leader in IP (Intellectual Property) based financing solutions. Utilizing a debt structure, 3&1 Fund offered a compelling alternative to traditional equity-based venture capital financing, which will boost Vita Inclinata Technologies' expansion initiatives.

Remix Therapeutics: $60 Million Raised To Develop Small Molecule Therapies To Modulate RNA Processing

By Amit Chowdhry ● Jan 4, 2024

Remix Therapeutics - a clinical-stage biotechnology company developing small molecule therapies to modulate RNA processing and address the underlying drivers of disease - recently announced closing a $60 million financing led by The Column Group.

BioCentriq: Cell-Based Therapy CDMO Company Secures $29.2 Million

By Annie Baker ● Jan 4, 2024

BioCentriq - a global cell-based therapy Contract Development and Manufacturing Organization (CDMO) - recently announced the successful completion of its latest round of fundraising, securing $29.2 million in capital investment. The funding round presents a significant milestone in BioCentriq's mission to accelerate the delivery of innovative cell therapies by translating, optimizing, and scaling processes for GMP manufacture.

NewSpring: Fourth Growth Equity Healthcare Fund Exceeds Target At Over $180 Million

By Amit Chowdhry ● Jan 3, 2024

NewSpring - a family of private equity strategies investing in the lower-middle market - recently announced the final close of its oversubscribed fourth healthcare fund NewSpring Health Capital IV (NSH IV), raising over $180 million.

Robin AI: Legal Copilot Company Secures $26 Million

By Noah Long ● Jan 3, 2024

Luna: $50 Million In Funding And Silixa Acquisition

By Amit Chowdhry ● Jan 3, 2024

Luna Innovations - a global leader in advanced fiber optic-based technology - recently announced a $50 million investment by White Hat Capital Partners, an investment firm focused on sustainable value creation in technology companies serving mission-critical applications. The proceeds from this strategic investment were partially used to fund the acquisition of Silixa and related transaction costs in the aggregate amount of approximately $25 million.

Shield AI: Aircraft AI Pilot Company Expands Series F Funding Round To $500 Million

By Amit Chowdhry ● Jan 3, 2024

Shield AI - a defense technology company building the best AI pilot for aircraft - recently announced the expansion of their Series F funding round to $500 million. An additional $100 million in equity, raised at the Series F price, and $200 million in debt from Hercules Capital were added to the initial $200 million in equity closed in November.

Heranova Lifesciences: $13.5 Million Raised To Develop Women’s Health Solutions

By Annie Baker ● Jan 3, 2024

Heranova Lifesciences Holding Ltd. recently announced the successful completion of a $13.5 million seed and seed+ financing to develop and offer integrated Women's Health solutions worldwide. This funding round will be used to launch a series of non-invasive endometriosis tests and advance two innovative (non-hormonal and non-antibiotic) therapeutic programs for endometriosis and bacterial vaginosis.

ImmunityBio: Up To $320 Million Investment Being Provided By Oberland Capital

By Amit Chowdhry ● Jan 2, 2024

ImmunityBio - a clinical-stage immunotherapy company- announced today an up to $320 million royalty financing and equity investment in the company by Oberland Capital, with $210 million of gross proceeds received at closing on December 29, 2023. The additional investment provides significant financial resources for the company to accelerate its commercialization efforts in anticipation of a potential regulatory approval and expand its pipeline within the broader urological cancer space. The proceeds will also fund ongoing business operations and clinical trials expanding N-803 (Anktiva) indications into multiple solid tumors.

UltiHash: Sustainable Data Storage Solution Company Raises $2.5 Million

By Amit Chowdhry ● Jan 2, 2024

UltiHash - the first high-performance and sustainable data storage solution - recently announced it has raised $2.5 million in pre-seed funding. This funding round was led by Inventure, with participation from PreSeedVentures, Tiny VC, Futuristic VC, The Nordic Web, Antti Karjalainen (founder of Robocorp and angel scout for Sequoia Capital), and other private investors. UltiHash joined a market where data growth is skyrocketing, and the environment is being taxed for the fuel. Digital data generates a lot of carbon emissions. This rising tide of data will lift the boats with the data storage to facilitate high-performance applications like process optimization and product development.

Red Cell Partners: $91 Million Closed For Incubation Fund

By Amit Chowdhry ● Jan 2, 2024

Red Cell Partners - a McLean, VA-based incubation firm building rapidly scalable technology-led companies that are bringing advancements to market in healthcare and national security - recently announced the closing of $91 million in new capital for a new incubation fund, RCIF I. This new fund allows the firm to back incubations, raising early-stage rounds.

Devoted Health: $175 Million To Improve Medical Care For Older Americans

By Amit Chowdhry ● Jan 1, 2024

Devoted Health - an all-in-one healthcare company for Medicare beneficiaries, delivering health insurance, virtual-first medical care, and sophisticated service experience - recently announced that it has closed on $175 million of Series E funding.

Crescenta: Spain-Based Investment Service Management Raises €3.5 Million

By Amit Chowdhry ● Jan 1, 2024

Crescenta - Spain’s first digital fund manager for private equity investment - recently announced that it expanded its pre-seed financing round with €2 million in addition to the €1.5 million announced last July. This funding brings the total amount of the round to €3.5 million, which makes it Spain’s largest pre-seed round in the fintech sector.

Pluristyx: Funding Round Raised To Boost Cell Therapy

By Dan Anderson ● Dec 29, 2023

Pluristyx - a leading provider of tools, technologies and services for the development of cell therapies - recently announced the closing of a major fundraising round led by BroadOak Capital Partners. The oversubscribed funding round featured participation from existing investors and key opinion leaders across the life sciences industry.

PaintJet: Robotics Company Closes $10 Million To Bring Automation To Industrial Painting

By Noah Long ● Dec 29, 2023

PaintJet - the robotics company bringing automation to industrial painting - recently announced it has raised $10 million in Series A funding to bring critical automation technology to the construction industry and address widespread labor shortages. And the latest funding round was led by Outsiders Fund with participation from 53 Stations, Dynamo, Pathbreaker Ventures, MetaProp and VSC Ventures. This brings PaintJet’s total funding to $14.75 million.

ElastiFlow: Network Observability Solutions Company Secures $3 Million

By Dan Anderson ● Dec 29, 2023

ElastiFlow - a leading provider of network observability solutions - recently announced the successful completion of a $3 million seed funding round led by Venture Guides. This investment will fuel the ElastiFlow mission to redefine the landscape of network observability and accelerate the company's growth.

Salt Labs: Loyalty/Financial Tech Company Raises $8 Million From Third Prime

By Annie Baker ● Dec 29, 2023

Salt Labs - a loyalty and financial technology company that bridges the gap between employers and employees - recently announced Third Prime has invested $8 million in the company.

Hyperlink Ventures: $32 Million Debut Fund Launches To Invest In Next-Gen B2B Companies

By Amit Chowdhry ● Dec 29, 2023

Hyperlink Ventures - a new venture capital firm founded earlier this year and managed by three up-and-coming partners, Eli Cole, Sarosh Adi, and Piran Adi - recently announced closing its oversubscribed first fund at $32 million. The new fund will invest primarily in Series A and Series B stage companies, focusing on technology breakthroughs that help the world’s largest corporations and industries increase productivity through software.

PolicyMap: Geographic Data And Analytics Platform Closes $3 Million

By Dan Anderson ● Dec 29, 2023

PolicyMap - a leading geographic data and analytics company - recently announced the closing of a $ 3 million Series A financing round led by existing investor Reinvestment Fund and joined by Ben Franklin Technology Partners, Spring Point Partners, PolicyMap Board Members, Employees, and Friends and Family.

Axelspace: Microsatellite Company Raises $44 Million

By Annie Baker ● Dec 29, 2023

Axelspace Holdings recently announced that the company completed its Series D funding round, raising approximately JPY 6.24 billion (equivalent to $44 million). This funding round sees the allocation of new shares to SMBC-GB Growth I Investment Limited Partnership, several venture capital firms, and corporate investors. This funding round brings the cumulative amount of equity financing to approximately JPY 14.3 billion.

Pattern Energy: $11 Billion In Financing Closed For Largest Clean Energy Infrastructure Project In U.S. History

By Amit Chowdhry ● Dec 29, 2023

Pattern Energy Group LP - a leader in renewable energy and transmission infrastructure - recently announced that it has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, the largest clean energy infrastructure project in U.S. history.