Venture Capital

Nori: Carbon Removal Marketplace Company Secures $6.25 Million

By Dan Anderson ● Jun 28, 2023

Nori - a leading carbon removal marketplace - recently announced that Matt Trudeau, a digital markets and exchange veteran, is joining the company as CEO and joining the board of directors, effective immediately. And Nori also announced that the company raised an additional $6.25 million led by current investors M13, Toyota Ventures, Placeholder, and Cargill, bringing total funding to $17.25 million. Paul Gambill, Nori's co-founding CEO during the past 5 years, will remain on the board and take a new position within the company as Chief Product Officer.

Kyber Knight Capital: $120 Million Inaugural Fund Launches

By Amit Chowdhry ● Jun 28, 2023

Kyber Knight Capital - a pioneering new venture capital firm focused on pre-seed and seed investments in early-stage technology start-ups - launched recently with a $120 million inaugural fund.

LlamaIndex: $8.5 Million Closed For Building A Data Framework For LLMs

By Annie Baker ● Jun 28, 2023

LlamaIndex - a data framework for Large Language Models (LLMs) - announced it raised $8.5M in seed funding led by Greylock. Angel investors in the round include Jack Altman, Lenny Rachitsky, Mathilde Collin (CEO of Front), Raquel Urtasun (CEO of Waabi), Joey Gonzalez (Berkeley) among others. The company will use the funds to build an enterprise offering on top of the popular open-source project with the same name.

Connectifi: Application Interoperability Company Raises $3.4 Million In Seed Funding

By Noah Long ● Jun 28, 2023

Connectifi - an application interoperability company - announced it has closed Seed funding to bring the open-source FDC3 standard to the cloud. The funding round was led by Blumberg Capital with co-investment from Engineering Capital. And the funding round represents the growing demand for interoperability that goes beyond the desktop and interest by venture capital firms in what was once niche capital markets tech.

Togai: B2B SaaS Metering And Pricing Platform Company Closes $3.1 Million

By Annie Baker ● Jun 28, 2023

Togai - a B2B SaaS metering and pricing platform - announced it has raised $3.1 million in a seed round led by Together Fund. This fund round also saw participation from other investors like BoldCap, Core91, and angel investors, including Prasanna Shankar, the Co-founder of Rippling.

Spectrm: No-Code Conversational Marketing Automation Platform Closes $6.5 Million

By Noah Long ● Jun 28, 2023

Spectrm - a conversational marketing platform businesses use to automate one-to-one conversations with consumers on social messaging channels - announced a $6.5 million funding round. This funding round was led by 3TS Capital Partners with participation from existing investors including LHV Global, BDMI, North Base Media, and Jens Schumann.

Vertos Medical: $26 Million Closed To Develop Minimally Invasive Treatments For Lumbar Spinal Stenosis

By Annie Baker ● Jun 28, 2023

Vertos Medical - a leader in the development of innovative, minimally invasive treatments for lumbar spinal stenosis (LSS) - recently announced that it has raised $26 million in an oversubscribed Series C equity funding round. The financing was led by new investor Norwest Venture Partners with participation from existing investors including Pitango Venture Capital.

Cemex Ventures Kicks Off Construction Startup Competition 2023 With July 2 Deadline

By Amit Chowdhry ● Jun 27, 2023

Cemex Ventures - Cemex’s corporate venture capital (CVC) and open innovation unit - announced it has kicked off its Construction Startup Competition 2023, which is the largest competition in the construction industry for startups. And Cemex Ventures is joined in its 7th Competition edition by prominent leaders like Black & Veatch, Dysruptek by Haskell, Ferrovial, Hilti, VINCI Group’s Leonard, NOVA by Saint-Gobain, Trimble and Trimble Ventures, and Zacua Ventures.

ZapScale: Customer Success Platform Company Closes $2.5 Million

By Noah Long ● Jun 27, 2023

ZapScale - a trailblazer in delivering the easiest Customer Success Platform - recently announced that it has successfully raised $2.5 million in seed funding from leading venture capital firms, including Blume Ventures, Veda VC, Java Capital, 100xEntreprenuers, T2D3 Capital, Arka Venture Labs, and other prominent investors.

Blackpoint Cyber: Advanced Cybersecurity Suite Company Secures $190 Million

By Annie Baker ● Jun 27, 2023

Blackpoint Cyber - a leading technology-focused cybersecurity company providing its advanced security suite via managed service providers (MSPs) - announced it has received a $190 million growth investment led by Bain Capital Tech Opportunities with participation from Accel. Bain Capital Tech Opportunities and Accel join existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures, and WP Global Partners.

Hopewell Therapeutics: $25 Million To Develop Next Generation Of Tissue-Targeted Lipid Nanoparticles

By Noah Long ● Jun 27, 2023

Hopewell Therapeutics - a biotechnology company with a differentiated lipid nanoparticle platform harnessing unique ionizable lipid chemistry - announced a seed funding round of up to $25 million to support its operations and growth. This funding round will enable the company to advance the development of genomic medicines based on its differentiated ttLNP platform through both internal pipeline programs and external partnerships.

Carta Healthcare: $25 Million Raised To Improve Patient Care By Utilizing Clinical Data

By Annie Baker ● Jun 27, 2023

Carta Healthcare - a company whose mission is to improve patient care by harnessing the value of clinical data - announced the final closing of its $25 million series B financing, thanks to additional investments from leading health systems Memorial Hermann Health System and UnityPoint Health.

Delve Bio: $35 Million Secured For Commercialize Metagenomic Sequencing Platform For Infectious Disease Diagnosis

By Dan Anderson ● Jun 27, 2023

Delve Bio - a pioneer in metagenomic next-generation sequencing (mNGS) for infectious diseases - recently announced that it debuted with $35 million in Series A financing led by Perceptive Xontogeny Venture Fund II (PXV Fund II) and joined by Section 32 and GV. The funding round will be used to commercialize the company’s mNGS-based infectious disease test – which was developed by world-renowned infectious disease experts at the University of California San Francisco (UCSF) Center for Next-Gen Precision Diagnostics – and advance a pipeline of next-generation tests.

Joyful Ventures: $23 Million Raised To Advance Sustainable Protein Market

By Amit Chowdhry ● Jun 27, 2023

Joyful Ventures announced the successful closing of $23 million of a $25 million fund, aimed at catalyzing the $1.5 trillion global animal protein industry towards sustainable, and regenerative food solutions.

Acryl Data: Data Management Platform Company Raises $21 Million

By Amit Chowdhry ● Jun 27, 2023

Acryl Data – the company driving the DataHub Project, the most widely-used open source data catalog – announced that it has secured $21 million in Series A funding led by Bhaskar Ghosh, Partner at 8VC, with participation from Ram Shriram, Founder, Sherpalo Ventures and Guillermo Rauch, Founder and CEO of Vercel. This funding round will be used to deepen investments in customer success, accelerate the development of its cloud offering and extend the vision of its product towards a control plane for data.

Highwood Emissions Management Raises $3 Million To Enable Energy Companies To Pursue Climate Change Goals

By Amit Chowdhry ● Jun 26, 2023

Highwood Emissions Management - announced it has secured $3 million in seed funding - led by Energy Capital Ventures (ECV) and supported by Veritec Ventures. This marks the first external funding Highwood has accepted, positioning the company for accelerated growth and innovation in the emissions management market.

Flow Medical: University Of Chicago Medical Device Startup Raises $1 Million

By Amit Chowdhry ● Jun 26, 2023

University of Chicago company Flow Medical recently announced it raised $1 million from a medical device manufacturer and they are finalizing a product design. Flow Medical - which is creating a multi-function catheter for helping diagnose and treat venous thromboembolic disease - was founded by the University of Chicago researchers Jonathan Paul, associate professor of medicine, and Osmanuddin Ahmed, associate professor of radiology.

Outbound AI: $16 Million Raised To Advance Conversation AI For Healthcare

By Amit Chowdhry ● Jun 26, 2023

Outbound AI - a conversation AI platform built for healthcare - announced it raised $16 million in funding co-led by Madrona Venture Group and SpringRock Ventures. And the company recently emerged from stealth mode last year to a market hungry for solutions that improve both productivity and profitability. Also joining Outbound AI's seed financing are Epic Ventures, Ascend, Pack Ventures, Locke Capital, Tacoma Venture Fund, and KCRise Fund.

Luxury Fashion Gaming Company DREST Bags £15 Million In Funding

By Amit Chowdhry ● Jun 26, 2023

DREST - a mobile gaming company that opens up the often exclusive worlds of luxury fashion, beauty and lifestyle to everyone, everywhere - announced recently that it raised £15 million of funding to continue the genre defining development of its new product proposition DREST Game 2.0.

Upstream Bio: $200 Million Secured For Advancing Therapeutics For Allergic and Inflammatory Diseases

By Annie Baker ● Jun 26, 2023

Upstream Bio - a biotech company focused on inflammation - recently debuted with a $200 million Series A financing. The funding round will enable Upstream to advance the company’s lead program UPB-101, a clinical-stage monoclonal antibody targeting the TSLP receptor, and build a pipeline of assets to address immune-mediated diseases. The Series A funding round was led jointly by OrbiMed and Maruho Co., Ltd. with participation from Access Biotechnology, Decheng Capital, HBM Healthcare Investments, TCG X, Omega Funds, Samsara BioCapital, and Altshuler Shaham Provident Funds Ltd.

Yuvo Health Closes $20.2 Million To Bring Quality Care To Underserved Communities

By Noah Long ● Jun 26, 2023

Yuvo Health - a leading technology-enabled administrative and managed-care solution for community health centers - announced it has raised an oversubscribed $20.2 million Series A round of financing.

Pomelo Care: Virtual Medical Practice Company Raises $33 Million

By Dan Anderson ● Jun 26, 2023

Pomelo Care - a virtual medical practice that improves maternal and newborn health outcomes - recently announced $33 million in Seed and Series A funding led by Andreessen Horowitz. This funding round will be used for driving Pomelo’s continued partnership expansion with major health plans, including several Medicaid-managed care organizations, employers, and leading academic medical centers on the front lines of the national maternal health crisis.

Maverick Protocol: $9 Million Secured For Developing An Efficient DeFi Infrastructure

By Amit Chowdhry ● Jun 26, 2023

Maverick Protocol - a decentralized finance (DeFi) infrastructure provider focused on increasing industry efficiency - recently announced a $9 million round of funding. This funding round was led by venture capital firm Founders Fund, with support from other renowned firms including Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto.

DexCare: Patient Demand And Care Access Platform Company Closes $75 Million In Series C

By Amit Chowdhry ● Jun 24, 2023

DexCare - a leading patient demand and care access platform - recently announced the closing of its $75 million Series C funding round led by ICONIQ Growth.

Kate Therapeutics: Gene Therapy Company Raises $51 Million

By Noah Long ● Jun 24, 2023

Kate Therapeutics - a next-generation gene therapy company - recently emerged from stealth mode with a $51 million Series A financing co-led by founding investor Westlake Village BioPartners and Versant Ventures with participation from Osage University Partners and UF Innovate | Ventures. And the company has granted Astellas Pharma Inc. an exclusive, worldwide license to develop, manufacture and commercialize KT430 to treat X-linked myotubular myopathy (XLMTM), the details of which are described in a separate press release issued today.

Mozart Therapeutics: $25 Million Closed To Develop Disease-Modifying Therapies For Autoimmune And Inflammatory Diseases

By Annie Baker ● Jun 23, 2023

Mozart Therapeutics - a leading developer of CD8 Treg Modulators for the treatment of autoimmune and inflammatory diseases - announced it has raised $25 million from new investors in a Series A extension, bringing the total raise to $80 million. The funding will be used to advance the company's lead candidate, MTX-101, into first-in-human clinical trials and to support pipeline expansion.

LexLab: Justice Tech Accelerator Program Launched In Partnership With gener8tor, Village Capital, And The Justice Technology Association

By Amit Chowdhry ● Jun 23, 2023

LexLab - a center at UC Law San Francisco that focuses on law, technology, and innovation - announced recently that it partnered with gener8tor, Village Capital, and the Justice Technology Association for an accelerator program supporting justice tech startups. Launched in 2019, LexLab worked with over 100 entrepreneurs to hone their offerings and is recognized as a leader in accelerating legal technology startups.

Medivis: $20 Million Funding Raised For Advancing Surgery With AR

By Annie Baker ● Jun 23, 2023

Medivis - a medical technology company with a goal of establishing augmented reality as the new standard in surgical navigation - announced a $20 million Series A funding round led by Thrive Capital with participation from Initialized Capital and Mayo Clinic. And additional investors include Bob Iger, Kevin Durant, Dr. Robert Spetzler, Hugo Barra and Coalition Operators.

RxLightning: Specialty Medication Access Company Closes $17.5 Million In Funding

By Dan Anderson ● Jun 23, 2023

RxLightning - a creator of the industry’s first comprehensive platform for streamlining specialty medication access and affordability - announced that it closed a $17.5 million Series A investment to support the company’s growth and further remove barriers to life-saving therapies.

Sourcemap: Supply Chain Mapping Software Company Closes $20 Million

By Noah Long ● Jun 23, 2023

Sourcemap - a leading global provider of supply chain mapping and monitoring software - announced the closing of a $20 million Series B investment led by Energize Ventures with participation from the E14 Fund. And Sourcemap will utilize this latest funding to further expand its global footprint and add business-critical solutions to its supply chain mapping and monitoring software suite.