Venture Capital

Adcentrx Therapeutics: Antibody-Drug Conjugate Therapeutics Company Secures $38 Million

By Dan Anderson ● May 2, 2023

Adcentrx Therapeutics - a biotechnology company dedicated to revolutionizing Antibody-Drug Conjugate (ADC) therapeutics for cancer and other life-threatening diseases - announced the closing of a $38 million Series A+ financing.

Cyclic Materials: Advanced Metals Recycling Company Raises $27 Million

By Annie Baker ● May 2, 2023

Cyclic Materials - an advanced metals recycling company focused on producing critical materials - announced it has raised $27 million in an oversubscribed Series A financing. The funding round was led by Energy Impact Partners (EIP) and BMW i Ventures (BiV) and included participation from Fifth Wall, Bioindustrial Innovation Canada (BIC), and existing Cyclic Materials investor Planetary Technologies.

Hydrosat: Climate Tech Company Raises $20 Million

By Dan Anderson ● May 2, 2023

Climate tech company Hydrosat announced $20 million in a new round of funding, including a $15 million Series A round and more than $5 million in non-dilutive funding to aid in the growth and development of its constellation of satellites and analytics to measure water stress and climate impact.

Rinsed: Car Wash CRM Company Secures $20 Million

By Noah Long ● May 2, 2023

Car Wash customer relationship management (CRM) company Rinsed announced a $20 million Series B investment from VMG Technology. Rinsed was founded in 2019 by Austin Esecson, Sam Logan, and Nic Hippenmeyer. And the company previously announced $15 million in capital raised across its Series A and Seed rounds from Bedrock Capital, Founders Fund, Y Combinator, and Mischief.

Ox: Frontline Operations AI Company Raises $12.6 Million

By Annie Baker ● May 2, 2023

Ox - which is an AI-powered technology platform for frontline operations - announced the closing of a $12.6 million Series A round co-led by BBG Ventures and MaC Venture Capital. This funding round also includes participation from existing investors Cortado Ventures, Revolution's Rise of the Rest Seed Fund, Florida Funders, KCRise, Tech Square Labs, and Vuzix along with new investors, Atento Capital and Agya Ventures.

CarbonChain: $10 Million Raised To Drive Global Decarbonization

By Noah Long ● May 1, 2023

CarbonChain - an AI-fueled carbon accounting platform that is using granular data to provide end-to-end visibility into the carbon footprint of a company's supply chain - announced its $10 million Series A funding round co-led by Union Square Ventures and Voyager Ventures.

ODAIA: $25 Million Secured For Advancing AI-Driven Commercial Insights For The Pharma Industry

By Amit Chowdhry ● May 1, 2023

ODAIA - the company behind MAPTUAL, an AI-powered commercial insights SaaS platform for pharmaceutical companies - announced it raised an oversubscribed $25 Million Series B financing round led by Threshold Ventures and co-led by Monograph Capital.

NetRise: $8 Million Raised To Provide Visibility Into The XIoT Security Problem

By Annie Baker ● May 1, 2023

NetRise - a company that is providing visibility into the world's Extended Internet of Things (XIoT) security problem - announced $8 million in funding. This funding round was led by Squadra Ventures, with participation by existing major investors Miramar Digital Ventures, Sorenson Ventures and DNX Ventures.

Riscosity: Risk Management And Mitigation Company Raises $7 Million

By Noah Long ● May 1, 2023

Riscosity — a leading software platform revolutionizing risk management and mitigation across enterprise data supply chains — announced $7 million of new funding.

Summer: $6 Million Raised To Reduce Education Costs And Student Debt

By Amit Chowdhry ● May 1, 2023

Summer - a certified B Corp committed to addressing the national student debt crisis - announced it has raised $6 million in new capital with $18 million raised in funding to date. And General Catalyst, QED Investors, Flourish Ventures, Greycroft, Story Ventures, Gaingels, Calm VC, Partnership Fund for NYC, Fenway Summer, BDMI, and Avidbank participated in the financing.

Hakimo: $6 Million Raised To Modernize Physical Security Through Its AI Software

By Noah Long ● May 1, 2023

Hakimo - a technology company dedicated to modernizing physical security through its AI software - announced $6 million in new funding led by Rocketship.vc with participation from existing investors Neotribe Ventures, defy.vc and Firebolt Ventures as well as new investors Carrier Global Corporation (through its venture capital group Carrier Ventures), and renowned physical security industry entrepreneur John L. Moss.

Springbok Analytics: $3 Million Closed To Transform MRI Into Personalized 3D Muscle Visualizations For Health Applications

By Dan Anderson ● May 1, 2023

Springbok Analytics has announced the closing of an oversubscribed $3 million seed investment round led by Transition Equity Partners.

Albatroz Therapeutics: $3 Million Raised To Target Tissue Remodeling For Stop Cancer Growth And Treating Arthritis

By Annie Baker ● May 1, 2023

Albatroz Therapeutics - a biotechnology company targeting tissue remodeling to stop cancer growth and treat arthritis - announced it has secured $3 million in funding led by Outram Bio and SEEDS Capital to accelerate the development of therapeutic antibodies against a novel target that degrades the extracellular matrix, which is a key contributor to cancer and arthritis.

Fusion Risk Management Receives Strategic Growth Investment from Great Hill Partners

By Annie Baker ● May 1, 2023

Fusion Risk Management - a leading provider of cloud-based operational resilience, business continuity, and risk management software and services - announced a strategic growth investment from Great Hill Partners.

Super.com: $85 Million Secured To Help Everyday Americans Save Money And Access Credit

By Dan Anderson ● May 1, 2023

Savings super app company Super.com announced a Series C funding round, which closed at $85 million led by Inovia Capital, significantly increasing the valuation of the company since its March 2021 Series B raise.

Tableland: $8 Million Raised For Building Permissionless Relational Databases For Web3 Applications

By Annie Baker ● May 1, 2023

Tableland - a permissionless relational database for web3 applications - announced an $8 million Series A round led by CoinFund with participation from Multicoin Capital, Blueyard and A Capital

Stack Identity: Identity And Access Management Company Secures $4 Million

By Noah Long ● May 1, 2023

Stack Identity - a startup that is automating identity and access management (IAM) governance to identify and eliminate cloud data threat vectors - announced its emergence from stealth mode. And the company also revealed the closing of a $4 million seed funding round co-led by WestWave Capital and Benhamou Global Ventures.

eniferBio: Fungal Protein Company Raises €11 Million

By Annie Baker ● Apr 30, 2023

Finnish biotech company eniferBio has successfully raised an €11 million series A funding round. This funding round was led by Aqua-Spark with Tesi (Finnish Industry Investment) and Valio, Voima Ventures, and Nordic Foodtech VC also joining the round.

Congruent Ventures: Over $300 Million In Commitments Raised To Invest In Climate Tech

By Amit Chowdhry ● Apr 30, 2023

Early-stage climate and sustainability venture firm Congruent Ventures recently announced the closing of its first Continuity Funds focused on quickly scaling its early-stage portfolio with more than $300 million in commitments, which highlights the interest of institutional investors seeking exposure to climate venture despite a challenging fundraising environment.

Karate Combat: Martial Arts Sports League Raises $18 Million

By Dan Anderson ● Apr 30, 2023

Karate Combat - a live-action and full-contact martial arts sports league - announced an $18 million funding round led by BITKRAFT Ventures with additional participation from Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago R Santos, RooxieXBT, etc.

CyberQP (Formerly Quickpass): Privileged Access Management Company Raises $12 Million

By Amit Chowdhry ● Apr 30, 2023

CyberQP (formerly known as Quickpass Cybersecurity) - a leading provider of Privileged Access Management and Helpdesk Security Automation for MSPs - announced that it has officially rebranded and it raised an additional $12 million from its financial partner Arthur Ventures to continue to bring Privileged Access Management to MSPs.

Relievant Medsystems Secures $50 Million To Develop Treatments For Chronic Vertebrogenic Low Back Pain

By Annie Baker ● Apr 30, 2023

Relievant Medsystems - a company dedicated to transforming the diagnosis and treatment of vertebrogenic pain, a type of chronic low back pain (CLBP) - announced that it has completed the closing of its $50 million Series G financing.

Shield Raises $2.1 Million To Protect Organizations And Consumers From Crypto Exploits

By Amit Chowdhry ● Apr 30, 2023

Shield is a security company that is focused on protecting users from online scams. The company recently announced it has raised $2.1 million in pre-seed funding from Kraken Ventures, Eterna Capital, Alchemy, Moonpay, and several leading security investors.

Sonet.io: $6 Million In Funding Raised To Provide Security For Remote Workers

By Annie Baker ● Apr 30, 2023

Sonet.io - a company built for IT leaders that want a great experience for their remote workers while enhancing security and observability - announced that it emerged from stealth and announced it has raised $6 million in seed capital co-led by The Hive and WestWave Capital.

Riverlane: Quantum Engineering Company Secures £15 Million

By Amit Chowdhry ● Apr 30, 2023

Quantum engineering company Riverlane announced it has raised £15 million in Series B funding. This funding round was led by Molten Ventures and included participation from simulation, high-performance computing (HPC) and AI leader Altair and returning investors Cambridge Innovation Capital (CIC), Amadeus Capital Partners, and the National Security Strategic Investment Fund (NSSIF).

CoreWeave: Cloud Provider Built For GPU-Accelerated Workloads Raises $221 Million

By Dan Anderson ● Apr 30, 2023

CoreWeave - a specialized cloud provider built for large-scale GPU-accelerated workloads - announced it has secured $221 million in Series B funding. This funding round was led by Magnetar Capital with contributions from NVIDIA and rounded out by Nat Friedman and Daniel Gross.

Third Way Health: $1.55 Million Secured To Reduce Medical Practices Administrative Burdens

By Noah Long ● Apr 29, 2023

Third Way Health - an end-to-end front office solution that reduces the administrative burden of medical practices and enhances the patient experience - announced it has raised $1.55 million in pre-seed funding.

SPAN: Home Electrification Company Raises $96 Million

By Dan Anderson ● Apr 29, 2023

SPAN - a leading innovator in home electrification technology - announced a Series B2 round of $96 million, bringing the company’s total funding to $231 million.

O2 Investment Partners: Oversubscribed Fund IV Closed At $445 Million

By Amit Chowdhry ● Apr 29, 2023

O2 Investment Partners, LP - a private equity firm that is investing in growth-oriented and privately-held businesses in the North American lower middle market - announced the final closing of O2 Investment Partners Fund IV (Fund IV) with $445 million in capital commitments. Metric Point Capital served as the exclusive advisor for the fundraiser and Kirkland & Ellis provided legal counsel.

Braya Renewable Fuels Raises $300 Million From Energy Capital Partners

By Annie Baker ● Apr 28, 2023

Braya Renewable Fuels, a Newfoundland and Labrador, Canada-based producer of low-emission renewable fuels, announced a $300 million preferred equity investment from Energy Capital Partners (ECP), a leading energy transition-focused investor in the electricity, clean energy, renewable and sustainable infrastructure sectors.