Venture Capital

Office Ally: Funding Raised From New Mountain Capital And Francisco Partners

By Amit Chowdhry ● Apr 9, 2025

Office Ally, a healthcare technology company providing a comprehensive suite of cloud-based clearinghouse and software solutions to a national network of healthcare providers, partners, and health plans, announced a strategic growth investment from New Mountain Capital (a growth-oriented investment firm with over $55 billion in AUM). Francisco Partners, which originally invested in Office Ally in 2021, will also reinvest with management.

Haball: $52 Million Secured For Supply Chain Financing Platform

By Amit Chowdhry ● Apr 9, 2025

Haball, which is Pakistan’s leading supply chain financing and payments fintech, announced it has raised a $52 million pre-Series A funding round comprising equity investment and a strategic financing allocation. The funding round’s equity component of $5 million was led by Pakistan-based VC firm Zayn VC. And other investors included Majlis Advisory SPV; several leading private investors in KSA; angel investors, and a business conglomerate. The strategic financing component ($47 million) was provided by Meezan Bank Limited, Pakistan’s first and largest Islamic bank, rated AAA/A-1+.

Andros Capital Partners: Third Energy Fund Closed At $1 Billion

By Amit Chowdhry ● Apr 9, 2025

Andros Capital Partners announced the closing of Andros Energy Capital III at its $1 billion hard cap. Fund III is the latest Andros flagship fund focused on private equity investments, credit opportunities, and direct asset-level investments across the energy value chain.

Excelsior Energy Capital: Fund II Closed At $1 Billion

By Amit Chowdhry ● Apr 9, 2025

Excelsior Energy Capital, an independent North American renewable energy investor, announced the final close of Excelsior Renewable Energy Investment Fund II, LP (Fund II). With total capital commitments of just over $1 billion, Fund II surpasses its original $750 million target. Fund II will continue Excelsior’s strategy of investing equity in solar, energy storage, wind, and other energy transition projects across the US.

Tailscale: $160 Million (Series C) Raised For Building Secure Networks

By Amit Chowdhry ● Apr 8, 2025

Tailscale announced it has raised $160 million (C$230 million) in Series C funding, led by Accel with CRV, Insight Partners, Heavybit, and Uncork Capital participation. Existing angel investor George Kurtz, CEO of Crowdstrike, is also included in this round, as is Anthony Casalena, CEO of Squarespace.

Daymark Health: $11.5 Million (Seed) Raised For Transforming Cancer Care Experience

By Amit Chowdhry ● Apr 8, 2025

Daymark Health, a company transforming the cancer care experience for patients, providers, and health plans, publicly launched with an $11.5 million seed funding round co-led by Maverick Ventures and Yosemite, with additional participation from Oncology Ventures. And the company started operations this year in partnership with a leading payer in the Northeast to provide evidence-based and supportive cancer care to over 2,500 cancer patients.

Trive Capital: Fund V Closed With $2.7 Billion In Commitments

By Amit Chowdhry ● Apr 8, 2025

Dallas-based private equity firm Trive Capital announced the final closing of Trive Capital Fund V, with total commitments of $2.7 billion, exceeding its target of $2.5 billion. And Trive's predecessor program closed in April 2022 on $2 billion.

smartTrade: Strategic Investment Raised For Electronic Trading And Payments Platform

By Amit Chowdhry ● Apr 8, 2025

smartTrade Technologies (a leading global provider of multi-asset electronic trading and payments platforms) announced a strategic investment from TA Associates. At closing, David Vincent, CEO and co-founder of smartTrade, and the broader management team will invest along with TA.

Corinex: $30 Million Raised For Scaling Deployment Of Grid Flexibility Solutions

By Amit Chowdhry ● Apr 8, 2025

Corinex, a leader in broadband over power lines (BPL)-based grid visibility and flexibility solutions, announced a $30 million investment round led by Energy Growth Momentum, a UK-based company, along with Spanish investment firms Suma Capital (an independent alternative asset manager and a leader in ecological transition) and Adara Ventures.

Grain Ecosystem: Seed Funding Raised For Waste-To-Value Solutions

By Amit Chowdhry ● Apr 8, 2025

Grain Ecosystem, a digital platform streamlining the development of waste-to-value projects through a trusted partner network and modern infrastructure powered by AI, announced a seed round led by Elevate Ventures, with participation from SNØCAP, SE Ventures, Helidoni Ventures, and a network of experienced cleantech investors and operators.

Energy Vault: $28 Million In Project Financing Raised From Eagle Point

By Amit Chowdhry ● Apr 8, 2025

Eagle Point Credit Management, an investment manager focused on specialized private credit strategies, announced that it has provided $28 million in project financing to Energy Vault, a leader in sustainable, grid-scale energy storage solutions, to support the development of its Calistoga Resiliency Center (CRC).

RayThera: $110 Million (Series A) Raised For Developing Small Molecule Therapies In Immunology

By Amit Chowdhry ● Apr 8, 2025

RayThera—a recently founded biotechnology company focused on discovering and developing small-molecule therapies in immunology—announced that it has completed its Series A financing, raising a total of $110 million. The funding round was co-led by Foresite Capital and OrbiMed Advisors, with participation from TTM Capital.

4Moving Biotech: €7.6 Million France 2030 Grant Secured

By Amit Chowdhry ● Apr 8, 2025

4Moving Biotech (4MB), a spin-off of 4P-Pharma that is developing the first potential disease-modifying drug (DMOAD) for knee osteoarthritis, announced that it has been awarded €7.6 million in funding under the France 2030 plan to accelerate the clinical development of its lead candidate, 4P004, currently in a Phase 2a trial.

Qevlar AI: $14 Million Raised For Autonomous AI SOC Analysts

By Amit Chowdhry ● Apr 8, 2025

Qevlar AI, a company behind a new class of autonomous security operations centres (SOCs), announced it has secured an additional $10 million in funding, bringing total investor commitments to $14 million. EQT Ventures and Forgepoint Capital International led the latest funding round. This includes strategic participation from Olivier Pomel (CEO of Datadog), Florian Douetteau (CEO of Dataiku), and Mehdi Ghissassi (former Director of Product at Google DeepMind).

Merida Biosciences: $121 Million Raised For Creating Therapeutics For Multiple Autoimmune And Allergic Diseases

By Amit Chowdhry ● Apr 8, 2025

Merida Biosciences, a biotechnology company advancing a new class of precision therapeutics designed to selectively and durably eliminate the pathogenic antibody drivers of multiple serious autoimmune and allergic diseases, launched today with $121 million in Series A financing. The funding was co-led by Bain Capital Life Sciences, BVF Partners, and Third Rock Ventures, joined by GV and Perceptive Xontogeny Venture Funds (PXV Funds).

Portnox: $37.5 Million (Series B) Closed To Transform Zero Trust Security

By Amit Chowdhry ● Apr 8, 2025

Portnox, a provider of cloud-native, zero-trust access control solutions, today announced it has closed a $37.5 million Series B funding round, led by Updata Partners. This brings the total investment in the company to $59.5 million.

Sipay: $78 Million (Series B) Raised At $875 Million Valuation For Payment And Embedded Finance Platform

By Amit Chowdhry ● Apr 8, 2025

Sipay, a leading payment and embedded finance platform for businesses and consumers in Turkey, announced a $78 million Series B funding round, hitting a valuation of over $875 million. Elephant VC led the round, which was participated in by Nik Storonsky’s VC firm QuantumLight.

Corsha: $18 Million (Series A-1) Closed For Machine-To-Machine Traffic For Critical Infrastructure

By Amit Chowdhry ● Apr 8, 2025

Corsha, a leader in securing machine-to-machine (M2M) traffic for operational systems and critical infrastructure, announced an $18 million Series A-1 funding round led by SineWave Ventures, with participation from Razor's Edge Ventures and Ten Eleven Ventures.

Plug: $6.7 Million (Seed) Funding Raised For EV-Exclusive Wholesale Auction Platform

By Amit Chowdhry ● Apr 8, 2025

Plug, an EV-exclusive wholesale online auction platform, announced it is expanding its offerings with the launch of Trade Desk. Trade Desk is the first EV-focused service to help dealers confidently price, move, and monetize trade-ins.

Skylight: $50 Million Secured To Build Products For Improving Family Life

By Amit Chowdhry ● Apr 8, 2025

Skylight, a company building the operating system for families, has secured a $50 million loan through an expanded partnership with SG Credit Partners and new partner Wingspire Capital. The financing will further support Skylight's goal of meeting the surging demand for its innovative technology.

heyLibby: $4.5 Million Secured For Gym-Focused AI Receptionist Technology

By Amit Chowdhry ● Apr 8, 2025

heyLibby, an AI-based team member for fitness, wellness, and recreation businesses, announced it has raised $4.5 million in seed funding led by Aglaé Ventures and Vertical Venture Partners. This funding round will advance the company's expansion and accelerate AI advancements that help fitness and wellness businesses streamline customer communication, reduce churn, and drive revenue.

Hello Soju: $6.8 Million Secured For Korean Beverage Inspired Brand

By Amit Chowdhry ● Apr 8, 2025

Hello Soju, a ready-to-drink sparkling soju brand born at the intersection of Korean and California culture, announced the closing of a $6.8 million funding round. The round was led by a personal investment from Ted Schlein of Kleiner Perkins and Ballistic Ventures and supported by Hello Soju's parent company, THG.

UNC Unveils AI-Based Accelerator In Collaboration With KPMG

By Amit Chowdhry ● Apr 8, 2025

Launch Chapel Hill recently announced it is joining forces with KPMG, a leader in professional services, to introduce Launch, Powered by KPMG, an AI-enabled accelerator program with Launch Chapel Hill that redefines how startups transition from ideation to commercialization.

Stramsen Biotech: $25 Million Funding Commitment Raised From GEM Global Yield

By Amit Chowdhry ● Apr 7, 2025

Stramsen Biotech (an emerging leader in plant-based biopharmaceutical industry) announced that it has signed a binding agreement with GEM Global Yield (GGY), part of GEM, a Luxembourg-based private alternative investment group as its Lead Investor, for a $25 million share subscription facility to be funded annually over a 36-month term following a public listing of the Stramsen's common stock.

Kashiv BioSciences: $150 Million Debt Financing Raised From GoldenTree Asset Management

By Amit Chowdhry ● Apr 7, 2025

Kashiv BioSciences, a fully integrated biopharmaceutical company, announced that it has entered a senior secured credit agreement with GoldenTree Asset Management as the sole lender.

Contxtful: $1.9 Million Raised For Attention-Based Ad Technology

By Amit Chowdhry ● Apr 7, 2025

Contxtful Technologies, an innovator in attention-based ad technology, announced the closing of a $1.9 million funding round led by NJP Ventures. This funding round enables Contxtful to enhance its technology, scale its operations, and expand its market reach.

SignalFire: Over $1 Billion Raised To Advance Next Wave of Applied AI Startups

By Amit Chowdhry ● Apr 7, 2025

SignalFire, a leading early-stage venture capital firm focused on applied AI, announced it has raised over $1 billion to fund the next generation of technology startups, bringing its total assets under management (AUM) to about $3 billion.

Rescale: $115 Million (Series D) Raised For Digital Engineering Platform

By Amit Chowdhry ● Apr 7, 2025

Rescale, a digital engineering platform built for the future of innovation and scientific discovery, announced a $115 million Series D with participation from Applied Ventures, Atika Capital, Foxconn, Hanwha Asset Management Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and Y Combinator. This brings the total funding raised to $260+ million. Rescale's early investors include Sam Altman, Jeff Bezos, Paul Graham, and Peter Thiel.

SchoolAI: $25 Million (Series A) Raised For Helping Teachers And Schools With AI Platform

By Amit Chowdhry ● Apr 7, 2025

SchoolAI, an AI platform for teaching and learning, announced it has closed $25 million in Series A funding to address education’s fundamental challenge: helping teachers provide personalized attention to every student.

Further AI: $5 Million Raised For Helping Commercial Insurers Reduce Expense Ratios by 50%

By Amit Chowdhry ● Apr 7, 2025

Further AI, a company that has developed AI Assistants that handle complex insurance tasks, announced it has raised $5 million in new funding. Nexus Venture Partners led this new funding round through their $700 million AI-dedicated fund and will help Further AI to advance its mission of reducing expense ratios by 50%. This funding round also includes support from early-stage funds like Pioneer AI Fund, South Park Commons, Y Combinator, ConvergeVC, and strategic investors like Xceedance.