Venture Capital

SGP BioEnergy: $250 Million Raised To Transform How The World Consumes Energy Sustainably

By Annie Baker ● Oct 13, 2023

SGP BioEnergy recently announced a $250 million equity commitment from Global Emerging Markets (GEM), a European private alternative investment group, to support the development of the Golden City Biorefinery in Colon, Panama, and lay the groundwork for SGP’s transformative Zero-Waste Ecosystem.

Kinetic: Infrastructure-As-A-Service Company Raises $10 Million

By Dan Anderson ● Oct 13, 2023

Kinetic - an Infrastructure-as-a-Service company that delivers digital maintenance and servicing for EVs and AVs through its network of service centers - recently announced it has secured $10 million in Series A funding. These are the details.

Clarix Imaging: $10 Million Closed To Transform Surgical Oncology

By Dan Anderson ● Oct 12, 2023

Clarix Imaging - a medical technology company revolutionizing surgical oncology - recently announced $10 million in funding from kineo finance, a Swiss-headquartered investment firm.

Treetoscope: Precision Irrigation Management Company Raises $7 Million

By Annie Baker ● Oct 12, 2023

Precision Irrigation Management company Treetoscope announced its latest seed funding round at $7 million to aid with R&D, fuel overall growth, and accelerate commercial agriculture expansion in North America and beyond. The funding round was led by the Champel Capital venture capital fund, a leading European-Israeli fund focusing on impact technology investments, together with strategic investors that include Leon Recanati's GlenRock fund, SeedIL, YYM-Ventures, Agrovision, NEOME, GN-Z11 and Earth.vc.

Cove: Funding Round Raised To Transform Sustainable Packaging

By Annie Baker ● Oct 12, 2023

Cove recently announced the closing of its latest funding round, which will enable it to supply its biodegradable materials and packaging technologies to consumer-packaged goods companies trying to reduce plastic use in the industry. And Cove's packaging is biodegradable and home-compostable - naturally occurring and completely free of synthetic plastics or microplastics.

Ounce Closes $5.2 Million To Build Bridges Between Housing And Health

By Amit Chowdhry ● Oct 12, 2023

Ounce - a company bridging the gap between health and housing - recently announced it has raised $5.2 million in seed funding and partnered with AmeriHealth Caritas D.C. and National Housing Trust to bring care coordination and wraparound services to over 2,000 residents of affordable housing across 9 properties in D.C. This round of funding was co-led by Meridian Street Capital and Flare Capital, with participation from: Chelsea Clinton's Metrodora Ventures, Wilshire Lane Capital, Chris Nassetta (Hilton CEO), Taylor Justice (Unite Us cofounder), and others.

Clinical Trial Intelligence Platform Lokavant Raises $8 Million

By Noah Long ● Oct 12, 2023

Clinical trial intelligence platform company Lokavant recently announced an $8 million strategic investment from global business titan Mitsui & Co. Ltd. to expand its AI-optimized platform across the Asia-Pacific (APAC) region. One of Lokavant’s earliest customers CMIC Group is the largest contract research organization (CRO) in Japan and Lokavant’s foray into Japan’s established clinical research market. Now, with Mitsui’s support, Lokavant is poised to open a new APAC headquarters in Tokyo.

Pow.Bio Closes $9.5 Million To Develop Intelligent Continuous Fermentation Technologies

By Annie Baker ● Oct 12, 2023

Pow.Bio recently announced a $9.5 million Series A round. Re:Food and Thia Ventures led the funding round, and they were joined by Hitachi Ventures - the strategic corporate venture capital arm of Hitachi, Ltd. - with participation from Possible Ventures, XFactor Ventures, Bee Partners, iSelect, Climate Capital, Vectors Angel, Better Ventures, and Cantos.

Saleo: Sales Demo Experience Platform Company Raises $13 Million

By Noah Long ● Oct 12, 2023

Saleo - the creator of the first and only live demo automation platform - recently announced that it has raised $13 million from Emergence Capital and Tech Square Ventures to help revenue teams create unprecedented demo experiences with real data that are so personalized for prospects, they've been shown to cut sales cycles in half.

EV Infrastructure Company Bolt.Earth Secures $20 Million

By Dan Anderson ● Oct 12, 2023

Bolt.Earth - India's leading EV infrastructure and software company - recently announced the successful completion of its funding round, securing a substantial $20 million in investment. This funding round was spearheaded by a consortium of longstanding and new investors, featuring notable names including Union Square Ventures, Prime Venture Partners, ITIGO Funds, and several others - who share Bolt.Earth's vision for a sustainable and electrified transportation ecosystem.

SafeRide Health Closes Funding Round To Connect Patients Of The Largest Medicaid, Medicare Advantage, And Provider Programs

By Noah Long ● Oct 12, 2023

SafeRide Health— a leading technology-first platform connecting patients of the nation’s largest Medicaid, Medicare Advantage, and provider programs to life sustaining care— recently announced a Series C funding funding round to further scale its non-emergency medical transportation (NEMT) technology and services, led by Sands Capital.

Observability Platform Company Observe Secures $50 Million

By Dan Anderson ● Oct 12, 2023

Observe - a SaaS observability company reinventing the way machine-generated data is stored, managed and analyzed - recently announced Hubble, its biggest and most innovative product release to date. The company also announced a $50 million Series A3 funding round led by Sutter Hill Ventures, bringing total funding raised to date to $164.5 million.

Pharmaceutical Supply CDMO Company Experic Raises Series B Extension

By Annie Baker ● Oct 12, 2023

Experic - a contract development and manufacturing organization (CDMO) and clinical supply services company serving the biopharmaceutical industry - recently announced the successful completion of a Series B extension round of financing. And the additional funding round is earmarked to support the company’s double-digit organic growth and strategic investments in key operational assets.

Beauty Products Company Carson Life Secures Multi-Million Dollar Growth Funding

By Annie Baker ● Oct 12, 2023

Carson Life - a natural health and beauty products company focused on the Hispanic community - recently announced that it has scored a multi-million dollar investment from Decathlon Capital Partners. The details of the revenue-based investment were not disclosed.

Gradient Closes $10 Million In Seed Funding To Transform LLM Application Development

By Amit Chowdhry ● Oct 12, 2023

Gradient - an API platform for AI developers - recently announced it has raised $10 million in seed funding led by Wing VC, with participation from Mango Capital and Tokyo Black.

Lemurian Labs: $9 Million Raised To Accelerate Computing Platform For AI Apps

By Amit Chowdhry ● Oct 12, 2023

Lemurian Labs recently announced it has secured $9 million in seed funding to develop an accelerated computing platform tailored explicitly for AI applications. This funding round was led by Oval Park Capital, with participation from Good Growth Capital, Raptor Group, and Alumni Ventures. Additional investments were from Untapped Ventures, Plug and Play Ventures, Silicon Catalyst Angels, Blue Lake Capital, Futureland Ventures, AI Operators Fund, and Tola Capital.

Auto Retail Focused Conversational AI Company Konect.ai Raises $5.5 Million

By Dan Anderson ● Oct 12, 2023

Konect.ai - a pioneering SaaS company at the forefront of conversational AI technology for the automotive retail industry - recently announced a $5.5 million seed investment from Silverton Partners. This funding round will fuel Konect.ai's mission to transform how auto dealerships and auto tech companies engage with their customers through advanced AI-driven communication.

Section 32: Oversubscribed $525 Million Fund 5 Closed

By Amit Chowdhry ● Oct 12, 2023

Section 32 (S32) recently announced the closing of its Fund 5, an oversubscribed $525 million investment vehicle to back and scale companies innovating at the forefront of technology. Fund 5 will invest in companies that are pushing the boundaries in software and AI to enable new capabilities and step-changes in performance across markets including enterprise software, cybersecurity, data infrastructure, gaming, fintech, precision medicine and computational biology.

Machina Labs Raises $32 Million To Manufacture Advanced Composite And Metal Products

By Annie Baker ● Oct 12, 2023

Machina Labs - which combines AI and robotics to manufacture advanced composite and metal products rapidly - recently announced that it has closed a Series B investment for $32 million.

Warburg Pincus: $17.3 Billion Global Private Equity Fund Closed

By Amit Chowdhry ● Oct 12, 2023

Warburg Pincus - the oldest private equity firm and a leading global growth investor - recently announced (together with any parallel funds), the successful close of its latest global flagship fund, Warburg Pincus Global Growth 14, L.P. (WPGG 14).

Leonid Capital Partners: Private Credit Fund I Oversubscribed At More Than $240 Million In Capital

By Annie Baker ● Oct 12, 2023

Leonid Capital Partners (LEONID) - an alternative investment management firm focused on private credit with the U.S. National Security market - recently announced the oversubscription and upcoming final closing of Leonid Opportunities Fund I LP. This oversubscribed fund is closing with approximately $240 million of capital commitments, including an investment from Victory Park Capital. LEONID received strong support from new and existing institutional investors for this fund.

Hamilton Lane: Private Assets Fund Hits $1 Billion In Total AUM

By Amit Chowdhry ● Oct 12, 2023

Hamilton Lane's Private Assets Fund has returned 17.48% annualized and reached $1 billion in assets under management (AUM) in its three years since inception as of August 31, 2023. This Fund delivers a diversified private equity portfolio to qualified U.S. clients, including individual investors, their wealth advisors and institutions. PAF is seeking to eliminate some of the challenges of traditional private equity fund structures, including offering limited liquidity in the form of quarterly limited repurchase offers by the Fund.

Blue Earth Capital: $1 Billion In AUM Reached After Credit Strategies Fund Closes Above $100 Million Target

By Annie Baker ● Oct 12, 2023

Blue Earth Capital AG recently announced the successful closing of its dedicated credit impact fund BlueEarth Credit Strategies II, which closed above target at $108.5 million. The successful closing means BlueEarth has now surpassed a total of $1 billion in assets under management (AuM) across its strategies, spanning private credit, private equity and funds and co-investments.

Kelso & Company: Fund XI Closed Above Target At $3.25 Billion

By Dan Anderson ● Oct 12, 2023

Kelso & Company, L.P. - a private equity firm specializing in middle market investing - recently announced the closing of Kelso Investment Associates XI and affiliated funds. Fund XI closed with aggregate capital commitments of $3.25 billion, which surpasses the original target.

Intuit: Coalfield Solar Fund First-Year Winners Announced

By Amit Chowdhry ● Oct 11, 2023

Intuit - the global financial technology platform behind Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp - recently announced the inaugural winners of the Coalfield Solar Fund initiative. In partnership with Secure Solar Futures and the NEED project, the initiative is designed to advance renewable energy and create new career pathways for Coalfield communities in Virginia and West Virginia.

Acceldata: $10 Million Series C Funding Extension Raised

By Amit Chowdhry ● Oct 11, 2023

Acceldata - the market leader in enterprise data observability - recently announced the company has achieved 100% year-over-year revenue growth and a $10 million Series C extension funding round from new investor Prosperity7 Ventures to drive its go-to-market expansion.

RENCO USA: $18 Million Raised To Distribute Composite Structural Building Systems

By Annie Baker ● Oct 11, 2023

RENCO USA - a company specializing in manufacturing and distributing a revolutionary composite structural building system - recently announced it has closed a first round of financing by issuing $18 million in convertible notes, which values the company at $318 million.

Reserv: AI-Driven Insurance Claims Processing Company Secures $20 Million

By Dan Anderson ● Oct 11, 2023

Reserv - a leader in AI-driven insurance claims processing - recently announced the closing of its $20 million Series A round of financing to expand its generative AI claims data analysis tools. This latest funding round was co-led by Altai Ventures and Bain Capital Ventures (BCV) with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures and Arch Capital Group.

Cruz: Funding Received From Jony Ive

By Amit Chowdhry ● Oct 11, 2023

Cruz - a consumer technology company that creates exceptional products that are built to last - recently announced a significant investment round from former Apple executive Jony Ive.

Warburg Pincus Investing In Everise At About $1 Billion Valuation

By Annie Baker ● Oct 11, 2023

Everise (a leading global healthcare services outsourcing company) recently announced that Warburg Pincus (a leading global growth investor) has agreed to invest in the company. Warburg Pincus joins existing investor Brookfield and investors are committed to accelerating the company's growth trajectory through business expansion and M&A. Warburg Pincus' investment values the company at around $1 billion.