Venture Capital

KLH Capital: Oversubscribed Fund Closed At $400 Million Hard Cap

By Amit Chowdhry ● Jul 9, 2023

KLH Capital Partners, L.P. (KLH), a Tampa, FL-based private equity firm, recently announced the final closing of KLH Capital Fund V, L.P. (Fund V). This Fund was oversubscribed, hitting its hard cap of $400 million, thus reflecting strong demand for KLH’s strategy and attracting a diverse group of global investors, including endowments, foundations, family offices, fund of funds, insurance, and pension plans.

Pronghorn: $200 Million Commitment Closed To Cultivate Next Generation Of Black Entrepreneurs

By Amit Chowdhry ● Jul 9, 2023

Pronghorn - a standalone company on a mission to cultivate the next generation of Black entrepreneurs and executives in the spirits industry - recently released its first Impact Report and announced they have received a commitment of $200 million in support of the company's mission. And since the company's inception in 2022, Pronghorn has invested in 19 brands, which is a major milestone for its first year in business.

On.Energy: Battery Energy Storage Company Secures $20 Million

By Dan Anderson ● Jul 9, 2023

On.Energy - a proven end-to-end integrator of battery energy storage and an Independent Power Producer (IPP) - recently announced it raised $20 million in equity financing in a Series B round led by Ultra Capital.

Kodem: Dynamic Software Composition Analysis Company Closes $25 Million In Funding

By Annie Baker ● Jul 9, 2023

Kodem - a dynamic software composition analysis (SCA) platform that uses runtime intelligence to determine application risk - recently announced that it launched from stealth and announced $25 million in funding from Greylock and TPY Capital. Kodem will use the funds to launch its platform globally and expand its go-to-market team.

Pollen: $4 Million Closed To Power Independent Careers

By Noah Long ● Jul 9, 2023

Pollen - a professional membership powering independent careers - announced recently that it has raised $4 million in funding from ANIMO VC, Founder Collective, XYZ Venture Capital, Precursor Ventures, and an esteemed group of angels.

Sollis Health: Concierge Urgent And Emergency Care Company Raises $15 Million

By Dan Anderson ● Jul 9, 2023

Sollis Health - a category creator of concierge urgent and emergency care - recently announced its $15 million extension in Series A funding. This extension follows a $30 Million Series A round in December 2021 and it strengthens ties between Sollis and returning investors including Torch Capital, Strand Equity, Arkitekt Ventures, and Read Capital.

Arboretum Ventures: Sixth Fund Target Exceed At $268 Million

By Amit Chowdhry ● Jul 9, 2023

Arboretum Ventures - a healthcare venture capital firm based in Ann Arbor, Michigan - announced the closing of its $268 million sixth fund, exceeding the target fund size. The investors include major health systems, payors, pension funds, endowments, and family offices.

CADDi: Global Procurement Solutions Company Raises $89 Million

By Amit Chowdhry ● Jul 9, 2023

CADDi - a global procurement solutions provider for the manufacturing industry - recently announced that it has secured a $89 million Series C funding round, raising its total capital to $164 million.

IP Fabric: Intent-Based Networking Technology Company Raises $25 Million

By Noah Long ● Jul 8, 2023

IP Fabric - a market leader in automated network assurance - recently announced that it has closed a $25 million Series B funding round led by One Peak with the participation of Senovo and Presto Ventures.

Maza: $8 Million Secured To Help U.S. Immigrants With Financial Identities

By Amit Chowdhry ● Jul 8, 2023

Maza - a financial platform designed to provide immigrants with the financial identities they need to realize their American Dream - announced an $8 million seed round led by Andreessen Horowitz.

Dalan Animal Health: Bee Vaccine Company Closes $4.5 Million

By Dan Anderson ● Jul 8, 2023

Dalan Animal Health - a pioneering biotech company in insect health - recently announced the successful closure of a $4.5 million Series Seed 3 funding round. This funding round was led by Prime Movers Lab with participation from At One Ventures, bringing Dalan's total funding to $10 million.

Neko Health: Preventative Healthcare Company Secures €60 Million

By Dan Anderson ● Jul 8, 2023

Neko Health - a preventative healthcare technology company co-founded by Hjalmar Nilsonne and Daniel Ek - recently announced the completion of a €60 million Series A funding. This is the first time the company raised external capital and the investment was led by Lakestar with participation from Atomico and General Catalyst.

Sixty AI: $3.5 Million Closed To Help Reduce Digital Clutter

By Noah Long ● Jul 8, 2023

Sixty AI - a company that is reimagining productivity and unburdening busy consumers from digital clutter - recently announced it raised $3.5 million in funding. Recently backed by 468 Capital in a $3.5 million funding round, Sixty’s software platform effortlessly manages mundane tasks that usually get in the way of what matters most: whether across work, life, family, or more.

Clair: Digital Banking Platform Closes $175 Million In Funding

By Amit Chowdhry ● Jul 8, 2023

Clair - a mission-driven fintech company - recently announced it raised $175 million in funding to launch the first free, consumer-friendly, on-demand pay solution as a consumer lending program backed by an FDIC-insured bank. And the new program offers a participation amount of up to $150 million, which enables front-line workers to take wage advances from Pathward.

Telexistence: Japan-Based Robotics Company Closes $170 Million In Series B

By Amit Chowdhry ● Jul 8, 2023

Telexistence (TX) recently announced it has successfully raised a USD $170 million Series B round. Along with the follow-on investments from the lead investors in previous funding rounds, including Monoful Venture Partners, KDDI Open Innovation Fund, and Airbus Ventures, TX has also secured funding from new investors including SoftBank Group (SBG), HH-CTBC Partnership (Foxconn Co-GP Fund), and Globis Capital Partners (GCP).

European Investment Fund Plugs €25 Million Into Radix Ventures

By Amit Chowdhry ● Jul 7, 2023

Federato: RiskOps Underwriting Platform Company Closes $25 Million

By Annie Baker ● Jul 7, 2023

Federato - which is the insurance industry's first RiskOps underwriting platform - recently announced that it has raised $25 million in Series B funding, led by Caffeinated Capital with participation from Emergence Capital and Pear VC. This round comes less than a year after the company announced its Series A.

Cyware: AI-Powered Cyber Fusion Platform Company Closes $30 Million

By Noah Long ● Jul 7, 2023

Cyware - a leading provider of AI-powered Cyber Fusion platforms for enterprises and MSSPs, and automated threat intelligence sharing for information sharing networks - recently announced a $30 million Series C financing round led by Ten Eleven Ventures, a leading multi-stage investment firm specializing in cybersecurity. And also participating are previous investors including Advent International, Zscaler, Emerald Development Managers, Prelude (the venture practice at Mercato Partners), and Great Road Holdings.

Author Health: $115 Million Closed To Help Seniors With Mental Illnesses

By Dan Anderson ● Jul 7, 2023

Author Health recently launched as one of the first platforms to provide comprehensive care and treatment for Medicare Advantage recipients with serious mental illness and substance use disorders. And the company has received $115 million in financing led by General Atlantic with participation from Flare Capital Partners.

Rubber Ducky Labs: $1.5 Million Raised To Advance Operational Analytics For Recommender Systems

By Annie Baker ● Jul 7, 2023

Rubber Ducky Labs - a company focused on making recommender systems easier to build and imbue with human knowledge - recently announced a $1.5 million seed investment round led by Bain Capital Ventures with participation from Cadenza Ventures and angel investors including Brad Klingenberg (ex-Chief Algorithms Officer at Stitch Fix), Patrick Hayes (co-founder of SigOpt), and Dave Aronchick (co-founder of Bacalhau and Expanso). Rubber Ducky Labs completed Y Combinator in Winter 2023.

Gradient Health: Medical AI Data-Sharing Company Raises $2.75 Million

By Annie Baker ● Jul 6, 2023

Gradient Health - a leading medical AI data-sharing company - recently announced the successful closure of a $2.75 million funding round led by ReMY Investors & Consultants.

Honey Homes: Upkeep And Maintenance Company Raises $9 Million

By Noah Long ● Jul 6, 2023

Honey Homes - a membership service delivering complete home upkeep and maintenance - recently announced it has raised $9 million in Series A funding led by Khosla Ventures. This funding round brings Honey Homes’ total funding raised to over $12.1 million - which includes participation from Pear VC, Teambuilder Ventures, and Moving Capital, along with DoorDash co-founders Tony Xu and Stanley Tang, Lyft co-founder Logan Green, Opendoor co-founder Eric Wu, and Mercury co-founder Immad Akhund, and several others.

Blueprint: $9 Million Closed To Help Mental Health Clinicians Offer Better Care In Less Time

By Annie Baker ● Jul 6, 2023

Blueprint - a technology platform helping mental health clinicians deliver higher-quality care in less time - recently announced its $9 million Series A co-led by Ensemble VC and Lightbank with participation from Bonfire Ventures, Revolution's Rise of the Rest Seed Fund, TAU Ventures, Data Tech Fund, and select angel investors.

Datapeople: SaaS Recruiting Predictability Platform Company Secures $13 Million

By Dan Anderson ● Jul 6, 2023

Datapeople - a SaaS recruiting predictability platform - recently announced the completion of an oversubscribed $13 million Series A funding round. This funding round was co-led by GreatPoint Ventures and New Markets Venture Partners with the participation of existing investors including First Round Capital, NextView Ventures, and Uncork Capital as well as operator syndicates Gaingels and FOG Ventures.

Flywheel: Medical Imaging Data Company Raises $54 Million

By Amit Chowdhry ● Jul 6, 2023

Flywheel - a leading medical imaging data and AI platform - announced it raised $54 million in Series D funding with more to come soon. And this latest funding round was co-led by Novalis LifeSciences LLC and NVentures (NVIDIA’s venture capital arm). Microsoft also joined the funding round along with insiders Invenshure, 8VC, Beringea, Hewlett Packard Enterprise, Intuitive Ventures, iSelect, Gundersen Health System, Seraph, and Great North Ventures.

Silent Push: Detection-Focused Threat Intelligence Company Secures $10 Million

By Noah Long ● Jul 4, 2023

Silent Push - a detection-focused threat intelligence company - recently announced the company's launch with a total of $10 million in seed funding led by global cybersecurity specialist investor Ten Eleven Ventures.

Meshcapade: $6 Million Raised To Develop AI Solutions For Modeling And Analysis Of 3D Digital Humans In Motion

By Annie Baker ● Jul 4, 2023

Meshcapade - a startup specializing in AI solutions for modeling, analysis, and synthesis of 3D digital humans in motion - recently announced a $6 million seed round led by Matrix with participation from a number of tech founders and investors.

Wherobots: Geospatial Analytics And AI Closes $5.5 Million In Funding

By Noah Long ● Jul 3, 2023

Wherobots - a data platform for geospatial analytics and AI - recently announced that it has raised a $5.5 million seed funding round. This funding round was co-led by Wing Venture Capital and Clear Ventures. And Wherobots will be using the new capital to build products that enable every organization to extract business value from data via spatial location and time.

Adaptive Phage Therapeutics Raises $12 Million For Developing Phage-Based Therapies To Combat Bacterial Infections

By Dan Anderson ● Jul 3, 2023

Adaptive Phage Therapeutics (APT) - a clinical-stage biotechnology company pioneering the development of phage-based therapies to combat bacterial infections - announced that it has received a $12 million upfront investment from funds managed by Deerfield Management and the AMR Action Fund as part of a new $24 million total investment in a Series B1 round that is targeting $30 million in aggregate.

Unshackled Ventures: $35 Million Fund III Closed To Help Immigrant Founders Start Companies In The U.S.

By Amit Chowdhry ● Jul 3, 2023

Unshackled Ventures - the only pre-seed venture capital fund that enables immigrant founders to start companies in the U.S. - announced the successful close of its $35 million Fund III, backed by high-profile limited partners, 73% of which is institutional LPs. Unshackled Fund III LPs include Cambridge Associates, Cendana, Emerson Collective, California Infrastructure and Economic Development Bank (IBank), and Sorenson Impact Advisory, more than doubling its assets under management (AUM).