Venture Capital

AM Batteries: Lithium-Ion Dry-Electrode Company Raises $30 Million

By Noah Long ● Dec 12, 2023

AM Batteries - a pioneer in lithium-ion dry-electrode technologies - recently announced it closed a $30M Series B in an oversubscribed funding round led by Toyota Ventures. This new investment combines strategic corporate support from Porsche Ventures and Asahi Kasei with financial investment from RA Capital Management - Planetary Health, Wilson Sonsini, and Industry Ventures. The funding round also includes existing investors such as Anzu Partners, TDK Ventures, Creative Ventures, Doral Energy-Tech Ventures, Foothill Ventures, and Zeon Ventures.

New Heritage Capital: $438 Million Closed For Oversubscribed Fund IV

By Amit Chowdhry ● Dec 11, 2023

New Heritage Capital (Heritage) recently announced the closing of its oversubscribed fourth fund, New Heritage Capital IV, L.P. at $438 million in total capital commitments, exceeding its target of $350 million. Heritage focuses on partnering with high-growth, founder-owned businesses in the middle market. Since its founding in 2006, Heritage has raised approximately $1 billion in committed capital and invested in more than 15 platform companies and 30 add-on acquisitions.

Together: Research-Driven AI Company Raises $102.5 Million In Series A

By Amit Chowdhry ● Dec 11, 2023

Together AI is a research-driven artificial intelligence company. And the company contributes leading open-source research, models, and datasets to advance the frontier of AI. The company is also creating a comprehensive cloud platform to enable developers everywhere to build on open and custom AI models.

Pantheon: $3.25 Billion Closed For Global Secondaries Fund VII

By Amit Chowdhry ● Dec 11, 2023

Pantheon - a leading global private markets investor - recently announced the successful closing of Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totaling $3.25 billion.

Local Infusion: Tech-Enabled Infusion Provider Company Closes $10 Million

By Dan Anderson ● Dec 11, 2023

Local Infusion - a leading tech-enabled infusion provider - recently announced it has closed on a $10 million Series A funding round led by Blisce with participation from Meridian Street Capital and existing investors. The new funding round will be used to expand the company's footprint to New Jersey, Connecticut, and Maryland in 2024 and build out the company's proprietary referral and care coordination technologies.

Helicity Space: $5 Million Raised To Transform The Fusion Propulsion Industry

By Amit Chowdhry ● Dec 11, 2023

Helicity Space - a commercial space company developing in-space propulsion and power technology based on fusion power - announced $5 million in seed round funding from several new investors, including Airbus Ventures, TRE Ventures, Voyager Space Holdings, E2MC Space, Urania Ventures, and Gaingels. Co-founded by Setthivoine You (former professor in plasma physics at the University of Tokyo and University of Washington) along with Marta Calvo (formerly at Aerojet Rocketdyne with a background in chemical engineering) and Stephane Lintner (formerly at Goldman Sachs with a background in applied mathematics), the team at Helicity Space is focused on changing the game with fusion propulsion and its applications to advance exploration efforts, ultimately benefitting life on Earth.

Material Impact: $352 Million Fund III Closed To Invest In Material Science Companies

By Amit Chowdhry ● Dec 11, 2023

Material Impact recently announced a $352 million fund to expand its impact as the first-money partner to inception-stage companies pioneering products enabled by material science innovation. The firm's unique and compelling investment thesis, which prioritizes investment in companies solving large-scale and real-world problems, enabled the firm to raise funds amid an economic downturn that saw VC and LP funding run dry.

Morgan Stanley: $50 Million Next Level Fund Closes To Invest In Early-Stage Companies

By Amit Chowdhry ● Dec 11, 2023

Morgan Stanley Investment Management (MSIM) recently announced the final close of Morgan Stanley Next Level Fund, L.P. at its target size $50 million of total capital commitments. The investors in the strategy include the inaugural corporate partners Hearst, Microsoft and Walmart as well as Altria, Ten Figures Ventures and Phalanx Impact Partners.

Helix By HL: AI-Powered Alternative Investments Assistant Company Raises $6 Million

By Amit Chowdhry ● Dec 11, 2023

Helix by HL - an innovative generative AI assistant revolutionizing private market investing - recently announced the successful completion of its Seed+ funding round with a raise of $6 million at a post-money valuation of $26 million. The funding round was led by FINTOP Capital, a prominent venture capital firm known for its strategic investments in cutting-edge financial technology.

Armada: Edge Computing Pioneer Company Raises Over $55 Million

By Amit Chowdhry ● Dec 11, 2023

Armada - an edge computing pioneer redefining the future of connectivity, computing and AI - exited stealth today. The company also marks this milestone with a significant capital raise exceeding $55 million, led by Founders Fund, Lux Capital, Shield Capital and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, 8VC and a cohort of other strategic investors.

Mistral AI: Generative AI Company Raises €385 Million

By Amit Chowdhry ● Dec 11, 2023

Mistral AI - a company that makes computing efficient, useful, and powerful AI models - recently announced it raised €385 million. This puts the company's valuation at about US$2 billion.

Letterhead: Newsletter Content Automation Company Secures $5.3 Million In Funding

By Annie Baker ● Dec 11, 2023

Letterhead - a software platform for automating the creation and management of email newsletters - recently announced the closing of a $5.3 million seed round today. Las Olas Venture Capital and Reign Ventures led the funding round, with participation from BDMI, Florida Opportunity Fund, and McClatchy.

PayGround: Healthcare Payments Platform Company Raises $19.7 Million

By Amit Chowdhry ● Dec 11, 2023

PayGround - a healthcare fintech payments platform - recently announced it closed a $19.7 million oversubscribed Series A financing led by SixThirty with participation from Rally Ventures, IA Capital Group, FCA Venture Partners, and Plug and Play Ventures.

Paysend: International Money Transfer Company Secures $65 Million

By Dan Anderson ● Dec 10, 2023

Paysend - a global fintech leader in international money transfers - recently announced it has raised an impressive $65 million in its latest funding round.

Irradiant Partners: $411 Million Raised For Third Vintage of CLO Equity Strategy

By Amit Chowdhry ● Dec 10, 2023

Irradiant Partners, LP - an alternative investment manager with over $10 billion in assets under management - recently announced the closing of $411 million in commitments on the third vintage of the Irradiant CLO equity strategy (ICLOP III), eclipsing its fundraising target of $400 million. Over 95% of investors in ICLOP III are returning investors from the last vintage of the strategy.

Hololight: AR And VR Solutions Company Raises $12 Million

By Noah Long ● Dec 10, 2023

Hololight - a leading specialist in AR and VR solutions for the enterprise market - recently announced it has secured a further $12 million in funding to accelerate the development of its XR streaming platform, Hololight Hub. And as the only proven enterprise streaming platform on the market for immersive applications, including virtual and augmented reality (XR), Hololight has set the benchmark in XR streaming, having pioneered the technology since 2015.

Riverwood Capital: $1.8 Billion Closed For Global Technology Growth Funds

By Amit Chowdhry ● Dec 10, 2023

Riverwood Capital - which is one of the leading investment firms solely dedicated to technology growth and scalability - recently announced it closed approximately $1.8 billion in new capital commitments to invest in high-growth technology businesses globally. The closing coincided with Riverwood’s 15-year anniversary.

Primergy: Solar And Storage Company Closes Commitments For $300 Million In Debt And Tax Equity

By Amit Chowdhry ● Dec 10, 2023

Primergy Solar LLC - a leading developer, owner, and operator of utility-scale solar and storage projects - recently announced that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.

Quartix: $15 Million Raised To Bring Supply Chain Finance Solutions To Industrial Clients

By Amit Chowdhry ● Dec 10, 2023

Quartix - a fintech firm dedicated to bringing Supply Chain Finance (SCF) solutions to mid-market industrial clients - recently announced a successful funding round and a new credit facility that can scale up to $50 million.

Gooten Raises $3.5 Million As Venture Debt Term Loan From Bridge Bank

By Dan Anderson ● Dec 10, 2023

Bridge Bank (a division of Western Alliance Bank) recently announced that its Technology Banking Group closed a $3.5 million venture debt term loan with Gooten, a leading technology and fulfillment company based in New York. Gooten will use the funding for continued growth and expansion.

ECOR Global Receives Funding From Phalanx Impact Partners

By Noah Long ● Dec 10, 2023

Phalanx Impact Partners (a US-based impact-driven private equity firm) recently announced they have invested in ECOR Global (an emerging leader in manufacturing sustainable materials and circular solutions for the building products and packaging markets).

Culmination Bio: Disease-Agnostic Patient Data Intelligence Platform Raises $10 Million

By Annie Baker ● Dec 10, 2023

Culmination Bio - a company building the largest disease-agnostic patient data intelligence platform - recently announced a $10 million investment from Merck Global Health Innovation Fund (Merck GHI) and Amgen Ventures.

Spear Bio: Harvard University Spin-Off Raises Seed Prime Round

By Amit Chowdhry ● Dec 9, 2023

Spear Bio - a Harvard University biotech spin-off developing scalable solutions for ultrasensitive detection of protein biomarkers - recently announced it completed tens of millions of US dollars in an oversubscribed Seed Prime round. The oversubscribed funding round was led by CDH Investments, with additional investments from earlier investors like Maverick Ventures and YongHua Capital.

Every.io: Back Office Stack Company Closes $9.5 Million In Funding

By Amit Chowdhry ● Dec 9, 2023

Every.io (dba Every) - an all-in-one back office stack for startups - recently announced it is coming out of stealth alongside $9.5 million in seed funding. The round was led by Base10, with participation from Y Combinator, Formus Capital, and Rex Salisbury's Cambrian Ventures.

Exectras Receives Funding From Tacora Capital

By Dan Anderson ● Dec 9, 2023

Exectras - a go-to provider for SMBs seeking everyday business services, including merchant services, payroll, health insurance, and workers’ compensation - recently announced the completion of debt financing from Tacora Capital for up to $30 million.

Cradle: $24 Million Raised To Help Scientists Engineer Proteins Using AI

By Annie Baker ● Dec 9, 2023

Cradle - a biotech startup that uses generative AI to help scientists design and engineer proteins - recently announced it has raised $24 million in Series A funding, led by Index Ventures, with participation from Kindred Capital.

Savage Medical: Over $3 Million Raised To Enable Minimally Invasive Colorectal Tumor Removal

By Noah Long ● Dec 9, 2023

Savage Medical - a San Francisco Bay Area-based, clinical-stage medical technology company enabling minimally invasive colorectal tumor removal - recently announced a launch out of stealth with over $3 million in total funding, including oversubscribed financing from leading early-stage medical technology investors, including Synergy Ventures, Life Science Angels and AlwaysraiseVC.

Star Mountain Capital: Value-Added Direct Lending Fund IV Closed At $1.2 Billion

By Amit Chowdhry ● Dec 9, 2023

Star Mountain Capital, LLC - a private credit and secondaries specialist investment firm with approximately $3.75 billion in assets under management (committed capital including debt facilities as of 10/31/2023) focused on generating premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses - recently announced that it has closed its Value-Added Direct Lending Fund IV above its $750 million LP capital target at approximately $1.2 billion (committed capital including debt facilities).

VAST Data: AI Data Platform Company Raises $118 Million At $9.1 Billion Valuation

By Amit Chowdhry ● Dec 8, 2023

AI data platform company VAST Data recently announced that it had secured $118 million in Series E funding, led by Fidelity Management & Research Company and accompanied by New Enterprise Associates (NEA), BOND Capital, and Drive Capital.

Stensul: $34.5 Million Raised To Reduce Marketing Creation Time

By Amit Chowdhry ● Dec 8, 2023

Stensul recently announced it raised $34.5 million in Series C funding to expand the capabilities of its Marketing Creation Platform. This funding round was led by Sageview Capital and the round included existing investors U.S. Venture Partners (USVP), Javelin Venture Partners, Uncork Capital, and Lowercase Capital, and participation from new investor Edith Harbaugh, LaunchDarkly's Executive Chair and Co-founder. With this funding round, Stensul has raised over $57 million.