Venture Capital

Refine Intelligence: $13 Million Raised To Help Banks Reduce The Growing Costs Of Financial Crime

By Amit Chowdhry ● Nov 20, 2023

Refine Intelligence - a pioneer in Financial Crime Greenflagging - recently launched with a $13 million seed funding round led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures (the corporate venture capital arm of Valley Bank), and other investors including Ground Up Ventures.

Techstars NYC Accelerator Reveals 2023 Winter Class

By Amit Chowdhry ● Nov 20, 2023

Techstars New York City Accelerator recently announced the 12 remarkable companies selected for the Winter Class of 2023. The Founders of these innovative startups were carefully chosen for demonstrating exceptional promise. They will be participating in an immersive three-month mentorship-driven program where they will receive access to 125+ mentors and support across every facet of their business.

Falfurrias Capital Partners Invests In Synergy ECP

By Annie Baker ● Nov 20, 2023

Falfurrias Capital Partners recently announced a platform investment in Synergy ECP, a software engineering, cybersecurity, and systems engineering service provider for the U.S. Intelligence Community and Defense Department. Synergy ECP utilizes these capabilities to deliver essential support to a growing portfolio of National Security missions.

Summer: $68 Million Secured To Help People Buy Their Vacation Homes

By Annie Baker ● Nov 20, 2023

Summer is a company founded by former Airbnb employees offering an innovative approach to short-term rentals and vacation home ownership. And the company recently announced an $18 million funding round from a group of leading investors, including QED and Viola FinTech, and a secured debt facility of up to $50 million from Setpoint Capital.

Ascidian Therapeutics: $40 Million Closed To Treat Human Diseases

By Annie Baker ● Nov 20, 2023

Ascidian Therapeutics - a biotechnology company focused on treating human diseases by rewriting RNA - recently announced $40 million in Series A extension funding committed by Apple Tree Partners (ATP).

CFX Labs: Fintech Innovation Company Raises $9.5 Million

By Noah Long ● Nov 20, 2023

CFX Labs - a future leader in monetizing rapid and secure international payments markets currently operating a nationwide payment network - recently announced it has raised $9.5 million in seed funding. And CFX Labs raised funds from a diverse array of strategic partners, including Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Hard Yaka, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank & Trust, amongst others in an oversubscribed round.

Stellaromics: Spatial Multi-Omic Profiling Company Closes $25 Million In Funding

By Amit Chowdhry ● Nov 20, 2023

Stellaromics - a leading provider of in situ spatial multi-omics technology - recently announced that the company has raised $25 million in a Series A financing round. The Series A funding round included Plaisance Capital Management and a private family office based in Silicon Valley.

BioPhy: $4.5 Million Raised To Use AI For Accelerating The Development Of Promising Drug Candidates

By Amit Chowdhry ● Nov 20, 2023

BioPhy recently launched its AI operating system to radically accelerate the identification and developing of the most promising drug candidates. And by combining scientific, clinical, and regulatory insights with a proprietary operational assessment model, BioPhy’s AI platform is designed to assess biological feasibility and predict the likelihood a clinical trial will have a positive outcome, steering capital allocation and expediting time to market.

Spark Car Wash: Express Car Wash Operator Company Raises $30 Million

By Amit Chowdhry ● Nov 20, 2023

Spark Car Wash - a premier express car wash operator in New Jersey, New York, and Pennsylvania - recently announced that it has raised $30 million of additional growth capital through a Series B round led by GoPoint Ventures. This investment enables Spark to develop its expanding store base further by bringing modern, membership-driven car washes to a region rich with growth potential. Spark currently has three operating washes: four are in active construction, and total pipeline visibility is on over 32 locations.

Rubicon Technology Partners: $1.7 Billion In Capital Commitments Closed For Fund IV

By Amit Chowdhry ● Nov 20, 2023

Rubicon Technology Partners - a leading private equity firm focused on enterprise software investments - recently announced the successful closing of its latest fund, Rubicon Technology Partners IV (Fund IV) at approximately $1.7 billion. And this represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020.

RTC Partners Invests In fama PR, Intelisent, MarketBridge, And Quarry

By Amit Chowdhry ● Nov 20, 2023

RTC Partners - a growth-focused private equity firm - recently announced it had closed strategic growth investments in four industry-leading, North America-based marketing and sales services firms – fama PR, Intelisent, MarketBridge, and Quarry. By bringing these firms together, it establishes the foundation of an integrated and data-driven platform designed to drive value creation across a wide spectrum of client marketing and sales initiatives.

ReturnGO: Post-Purchase Solutions Company Closes $5 Million

By Noah Long ● Nov 20, 2023

ReturnGO - an innovative company that enables efficient management of returns and exchanges for products purchased on e-commerce sites - recently announced that it has entered into a first-of-its-kind collaboration with Amazon Multi-Channel Fulfillment (MCF), which will provide MCF merchants with an integrated solution that automates the entire return and exchange process.

Responsiv: $3 Million Closed To Build AI Assistant For In-House Legal

By Noah Long ● Nov 20, 2023

Responsiv - an AI Assistant for in-house legal teams - recently announced it raised $3 million in seed funding led by Greylock with participation from OnDean, the family office of Andrew Sieja, the founder of Relativity, Permanent Capital Ventures, and Julius Genachowski. Responsiv enables attorneys to utilize the power of AI to cut down on research time and get legal answers in minutes.

Atlas: 3D Generative AI Platform Company Closes $6 Million

By Dan Anderson ● Nov 20, 2023

Atlas - a 3D generative AI platform that partners with game developers and brands to build virtual worlds and experiences in a fraction of the time - recently launched after two years in stealth. This announcement had followed the close of two funding rounds: a $4.5 million round led by 6th Man Ventures (6MV) and a $1.5 million round led by Collab+Currency. Other participants include the a16z Scouting Fund via Shrapnel, Contango, Gaingels, GFR Fund, New Renaissance Ventures, Square Enix, and Wagmi Ventures.

Arch: Private Investment Management Platform Secures $20 Million In Funding

By Amit Chowdhry ● Nov 20, 2023

Arch - a private investment management platform modernizing K-1 workflows, automating operations, and simplifying reporting for financial professionals - recently announced that it has raised $20 million in Series A funding. This funding round was led by Menlo Ventures, with participation from existing investors Craft Ventures and Quiet Capital and new investors Carta, Citi Ventures, GPS Investment Partners, and Focus Financial Partners.

Solvimon: Next-Generation Billing Company Raises €9 Million In Seed Funding

By Amit Chowdhry ● Nov 20, 2023

Solvimon - a next-generation billing platform - recently announced it has raised €9 million from Northzone and select business angels. This seed funding round will be used to continue expanding the team and to accelerate go-to-market.

Aquila Air Capital: $100 Million In Financing Closed

By Amit Chowdhry ● Nov 19, 2023

Aquila Air Capital - a leading lessor focused on end-of-life solutions - recently announced the successful closing of a $100 million financing. This financing is aimed at increasing Aquila’s ability to deliver bespoke lease solutions for passenger and cargo operators across the globe.

Draper Round Table And DraperX Merge To Advance Investments In High-Tech Domains

By Amit Chowdhry ● Nov 19, 2023

Draper Round Table - a web3 deals syndication platform backed by Silicon Valley investor and Bitcoin investor Tim Draper, along with NBA All-Star Baron Davis - recently announced it has merged under the DraperX syndication platform, which offers family offices the opportunity to invest directly in highly vetted deals alongside Draper and 150+ select funds.

Forward: $100 Million Funding And CarePods Revealed

By Amit Chowdhry ● Nov 18, 2023

Forward is a company that recently announced it raised $100 million in funding and unveiled the new CarePods. The funding was provided by Khosla Ventures, Founders Fund, Samsung Next, Abu Dhabi Investment Authority, and Softbank, And the company is also backed by AI luminaries like Eric Schmidt (former CEO and Chairman of Google), John Giannandrea (SVP of Artificial Intelligence at Apple), Demis Hassabis (cofounder of DeepMind), and Mustafa Suleyman (cofounder of DeepMind and Inflection AI). Forward is also advised by Medical leaders, including Regina Benjamin (18th Surgeon General of the United States) and Bob Wachter (Chair of the Department of Medicine at UCSF).

Menlo Ventures: $1.35 Billion In Capital Closed

By Amit Chowdhry ● Nov 18, 2023

Menlo Ventures recently announced the firm has raised $1.35 billion in new capital that will be invested by Menlo’s flagship venture fund Menlo XVI and Menlo Inflection III and their affiliated funds, with a mandate in investing in promising technology companies leading the AI transformation.

AppMap Launches Runtime Code Review Solution To Transform Software Quality

By Annie Baker ● Nov 18, 2023

AppMap recently announced its innovative Runtime Code Review solution to transform software quality and the developer experience. AppMap has also raised $10 million from an assembled team of investors with deep expertise in developer-led growth, DevSecOps, and the observability market. The key investors include Work-Bench Ventures, Forgepoint Capital, Venture Guides, Unusual Ventures, and Dell Technology Capital, with support from Uncorrelated Ventures, Secure Octane, Argon Ventures, and select angels.

Apiture: Digital Banking Solutions Company Closes $10 Million In Funding

By Annie Baker ● Nov 17, 2023

Apiture - a leading provider of digital banking solutions - recently announced the closing of a $10 million fundraising round led by funds and accounts advised by T. Rowe Price Investment Management, with participation from other existing investors. This investment brings the total funding raised by Apiture to $79 million since its inception in 2017.

Morf Health: $3 Million Closed To Enable Healthcare Providers To Sync Patient Data

By Amit Chowdhry ● Nov 17, 2023

Morf’s goal is to empower healthcare providers to focus on patient care, not tedious administrative tasks or IT. And the company has announced its $3 million seed round led by Kindred Ventures with participation from Uncommon Capital and Asymmetric Capital Partners.

Fortuna Health: $4 Million Raised To Simplify Medicaid Navigation

By Annie Baker ● Nov 17, 2023

Fortuna Health - a consumer-first platform simplifying Medicaid navigation - recently announced a seed investment of $4 million led by Andreessen Horowitz (a16z) Bio + Health with participation from BoxGroup and Y Combinator. This funding round will drive Fortuna's state expansion and partnerships with managed care organizations (MCOs), health systems, and service providers in the Medicaid space.

VersiFi: Digital Asset Trading Company Secures $10 Million

By Noah Long ● Nov 17, 2023

VersiFi recently announced the completion of its $10 million Series A funding led by Hunting Hill Global Capital. And VersiFi will use this funding to launch a new digital assets trading and lending business backed by institutional-grade technology, an experienced management team, and partnerships with third-party custodians.

Zip Security: Cloud-Based Identity Management Company Closes $7.7 Million

By Amit Chowdhry ● Nov 17, 2023

Zip Security recently announced it raised $7.7 million in a round of funding co-led by General Catalyst and Human Capital with participation from BoxGroup. This funding round will enable Zip to rapidly scale up the development of its software product, which currently solves cloud-based identity management, device management, and endpoint threat detection, to include more advanced capabilities like device trust, automated patch management, and identity threat detection.

ALTR: Automated Data Governance Company Raises $25 Million

By Annie Baker ● Nov 17, 2023

ALTR Solutions - a leading innovator of automated data governance and data security solutions - recently announced that it has closed on its $25 million Series C Preferred financing to meet the overwhelming demand for its SaaS-based data access governance and security solutions.

Zelig: Fashion Technology Company Raises $15 Million

By Dan Anderson ● Nov 17, 2023

Zelig - a new fashion technology company - recently announced it has secured $15 million in Series A funding to support the launch of its AI-powered virtual try-on and styling technology (VTO-S). And international financial services firm Hilco Global led the funding round, and they were joined by global luxury investor Bezikian Zareh, bringing the company to a $100 million valuation.

Cytovale: Commercial-Stage Medical Diagnostics Company Closes $84 Million In Series C Funding

By Amit Chowdhry ● Nov 17, 2023

Cytovale - a commercial-stage medical diagnostics company focused on advancing early detection technologies to diagnose fast-moving and immune-mediated diseases - recently announced it has raised $84 million in Series C funding led by Norwest Venture Partners with participation by additional new investors Sands Capital and Global Health Investment Corporation (GHIC). The funding included participation from other new and existing investors, as well as the conversion of bridge notes.

Aesthetic Partners: Clinical Practice Management Company Forms Strategic Partnership With Norwest

By Annie Baker ● Nov 16, 2023

Aesthetic Partners - a leading clinical aesthetics-focused practice management company - recently announced a strategic partnership with global investment firm Norwest to accelerate growth in new markets. And with Norwest's support, Aesthetic Partners will invest in infrastructure and expansion across existing and new clinics.