Venture Capital

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.

Tower Arch Capital: Fund III Closed At $750 Million

By Amit Chowdhry ● Dec 8, 2023

Tower Arch Capital, LP - a Salt Lake City, UT-based investment firm - recently announced the closing of Tower Arch Partners III, LP and its parallel investment entity with $750 million of capital commitments. Fund III has closed at its hard cap in a single closing and was substantially oversubscribed.

Ketryx: Application Lifecycle Management Company Raises $14 Million

By Amit Chowdhry ● Dec 8, 2023

Ketryx - a provider of the first and only connected application lifecycle management software for the life sciences industry - recently announced that it has raised $14 Million in Series A funding. The round was led by investor Lightspeed Venture Partners, with participation from existing investors including MIT's E14 Fund and Ubiquity Ventures, bringing the total funding raised to date to over $18 million. Lightspeed partner Guru Chahal will join the board. The new funding round will be used to accelerate product development and commercial expansion.

Nth Cycle: Critical Metals Refining Company Secures $44 Million In Funding

By Amit Chowdhry ● Dec 7, 2023

Nth Cycle - an innovative critical metals refining company - recently announced it has closed $37 million in Series B and an additional $7 million in non-dilutive financing, led by VoLo Earth Ventures (a Colorado-based venture firm focused on climate solutions); MassMutual through the MM Catalyst Fund I (invests in rural-based and Black-led businesses based in Massachusetts); Caterpillar Venture Capital (a wholly-owned subsidiary of Caterpillar Inc.); and Equinor Ventures (the venture capital arm of Equinor).

DataCebo: $8.5 Million Raised To Help Increase Developer Productivity At Enterprises By Utilizing Generative AI

By Amit Chowdhry ● Dec 7, 2023

Today DataCebo emerged with SDV Enterprise, a commercial offering of the popular open source product Synthetic Data Vault (SDV). DataCebo also announced that it has raised $8.5 million in seed funding co-led by Link Ventures and Zetta Venture Partners. And Uncorrelated Ventures also participated.

Actility: IoT Mediation Platform Company Raises $17.3 Million

By Amit Chowdhry ● Dec 7, 2023

Actility - a French company recognized as a global leader in low-power industrial IoT connectivity solutions - announced today a funding round of $17.3 million. This new funding round will consolidate its leadership position in the global LPWAN (Low-Power Wide Area Networks) market as it enters an accelerated growth phase.

Shadow: Data Workflow Platform Company Raises $9 Million

By Amit Chowdhry ● Dec 7, 2023

Shadow is a data workflow platform company that aims to lower the cost/complexities of developing on Ethereum. And Shadow announced a $9 million seed round of funding led by Paradigm with additional support from angel investors at Coinbase Ventures, Electric Capital, Ethereum Foundation, Uniswap, and Flashbots.

Twelve Below: $108 Million Raised Across Two Funds

By Amit Chowdhry ● Dec 7, 2023

New York-based venture capital firm Twelve Below recently announced it closed an $80 million second early-stage fund and a $28 million opportunity fund.

Asato: AI-Powered Enterprise Copilot Platform Company Raises $7.5 MIllion

By Amit Chowdhry ● Dec 6, 2023

Asato.ai - an AI-powered enterprise Copilot platform - recently announced the closing of its oversubscribed $7.5 million seed financing round, co-led by Intel Capital and Lip-Bu Tan, with participation from Shah Capital Partners, and several prominent angel investors including Amarjit Gill, serial entrepreneur and investor at Nepenthe Capital, Ash Bhardwaj, entrepreneur and investor, Charlie Giancarlo, CEO and Chairman of Pure Storage, and Sanjay Mehrotra, President and CEO of Micron Technologies.

Bright Uro: $23 Million Closed To Transform Care For Lower Urinary Tract Symptoms

By Amit Chowdhry ● Dec 6, 2023

Bright Uro - a medical device company with a mission to transform care for lower urinary tract symptoms (LUTS) through innovations in urodynamics - recently announced the initial closing of its $23 million Series A financing round led by Laborie Medical Technologies, a leading global provider of urology diagnostic and therapeutic solutions.

Ursa Major: Rocket Propulsion Company Raises $138 Million

By Amit Chowdhry ● Dec 6, 2023

Ursa Major, America's leading privately funded company focused solely on rocket propulsion, recently announced that it closed $138 million in its Series D and D-1 funding rounds. This funding round was led by Explorer 1 Fund and Eclipse and included RTX Ventures, funds and accounts managed by BlackRock, Exor Ventures, Mack & Co., LLC, XN, and other institutional shareholders.

Vendelux: AI-Powered Event Intelligence Platform Company Raises $14 Million

By Amit Chowdhry ● Dec 6, 2023

Vendelux - the first AI-powered event intelligence platform - recently announced it raised a $14 million Series A led by FirstMark Capital with participation from Cervin Ventures, the founders of HLTH, ShopTalk, Money20/20 (Jonathan Weiner), Manifest, Blueprint (Jay Weintraub), and SaaStock (Alex Theuma).

Birdseye: $3 Million Raised To Help Retailers Execute Hyper-Personalized Campaigns

By Noah Long ● Dec 6, 2023

Birdseye - a pioneering force in the retail and e-commerce artificial intelligence sector - recently announced a seed investment of US$3 million from Drive Capital. This funding round follows Drive Capital's previous investment, leading a US$500,000 pre-seed round earlier this year in March. Drive Capital partner Masha Khusid will join Birdseye's board of directors in connection with the funding round.

Retrocausal: Manufacturing Process Management Company Raises $5.3 Million

By Dan Anderson ● Dec 6, 2023

Retrocausal - a leading platform provider for manufacturing process management - recently announced a $5.3 million financing round co-led by Glasswing Ventures, One Way Ventures, and Indicator Ventures, along with participation from existing investors Argon Ventures, Differential Ventures, Ascend Vietnam Ventures, Incubate Fund US, SaaS Ventures, Hypertherm Ventures, Stage Venture Partners, and Techstars.

DuploCloud: End-To-End DevOps Software Platform Company Closes $32 Million

By Amit Chowdhry ● Dec 6, 2023

DuploCloud - an industry pioneer offering a platform engineering solution that encompasses full stack DevOps automation with built-in compliance - recently closed a $32 million Series B funding round, led by WestBridge Capital and StepStone Group and with previous investor Mayfield.

VaLogic Receives Investment From 424 Capital

By Annie Baker ● Dec 6, 2023

424 Capital recently announced that it has completed a significant investment in VaLogic, a leading provider of GMP (Good Manufacturing Practice) and GLP (Good Laboratory Practice) compliance software and services based in Frederick, MD. This strategic deal by 424 Capital aims to expedite positive clinical outcomes by enabling pharmaceutical and biotechnology organizations to focus on the research, development, and production of cutting-edge therapeutics in a compliant and effective manner.