Venture Capital

Forward Therapeutics: $50 Million Raised To Develop Small Molecule Therapies For Immunological And Inflammatory Disorders

By Amit Chowdhry ● Nov 26, 2023

Forward Therapeutics - a biopharmaceutical company developing next-generation small molecule therapies for chronic immunological and inflammatory disorders - recently announced a $50 million Series A financing. The funding was led by BVF Partners LP with participation from other leading life sciences investors RA Capital Management and OrbiMed.

Transcend: Investment From Citi Secured To Accelerate Optimization Solutions

By Noah Long ● Nov 26, 2023

Transcend - a leading provider of liquidity, funding, and collateral optimization solutions - recently welcomed Citi as their latest investor. This investment was made through Citi's Strategic Investments arm, which invests in innovative fintech companies globally that are strategically aligned to Citi's institutional businesses.

Union Labs: Zero-Knowledge Interoperability Layer Company Secures $4 Million

By Amit Chowdhry ● Nov 26, 2023

Union Labs - the team creating a hyper-efficient zero-knowledge interoperability layer - recently announced that it raised $4 million in seed funding to build the first fully trustless bridge that connects appchains, layer 1, and layer 2 networks. Capital secured is also earmarked for the expansion of Union's seasoned team, comprised of leaders from Composable Finance; Consensys; Tokensoft; and Polygon; in anticipation of its upcoming mainnet launch. Other notable investors in the round include Lightshift and Chorus One.

Fillogic: Channel-Free Logistics Company Raises $13 Million

By Annie Baker ● Nov 26, 2023

Fillogic - a leading technology platform for Channel-Free Logistics, is thrilled to announce the closing of its $13 million Series A funding round, led by Revelry Venture Partners (RVP). This funding will fast-track Fillogic's product development and nationwide expansion of its highly efficient, sustainable logistics technology ecosystem.

Factor Capital Management: $10 Million In Commitments Closed For First Fund

By Annie Baker ● Nov 24, 2023

Factor Capital Management - an investment firm founded by former GSR Markets and Two Sigma Investments Executive Jake Dwyer - recently announced the launch and first close of its Factor Venture Capital Fund I with approximately $10 million in commitments. The fund aims to invest up to $30m in seed-stage startups that leverage blockchain technology to solve real-world problems.

X-Bow Systems: Funding From Lockheed Martin Ventures And Additional Investors Received

By Dan Anderson ● Nov 24, 2023

X-Bow Systems - an American low-cost hypersonics provider - recently announced the closing of an interim funding round led by Lockheed Martin Ventures, the venture arm of Lockheed Martin. Additional investors included Crosslink Capital, Razor's Edge Ventures, Balerion Space Ventures, Bravo Victor Venture Capital, and Capital Factory.

Evolv AI: Intelligent Digital Experience Optimization And Personalization Company Raises $13.3 Million

By Dan Anderson ● Nov 24, 2023

Evolv AI - the maker of a leading intelligent digital experience optimization and personalization platform - recently announced the closing and conversion of their previously issued convertible notes and a new equity round for $13.3 million in new funding. Horizons Ventures led the funding round, and it brings their total funding to date to $23.3 million.

Vulcan Cyber: Cyber Risk Management Platform Company Closes $55 Million

By Amit Chowdhry ● Nov 24, 2023

Vulcan Cyber - the developers of a market-leading cyber risk management platform - recently announced it has closed its $55 million Series B with the addition of a $34 million investment led by Maor Investments and Ten Eleven Ventures with participation from existing Vulcan Cyber investors Dawn Capital and Wipro Ventures. This latest funding round marks $70 million invested in Vulcan Cyber.

Era: AI-Powered Wealth Management Company Raises $3.1 Million

By Annie Baker ● Nov 23, 2023

Era - an AI-powered wealth management platform making wealth management more accessible - recently announced its launch and $3.1 million Seed led by Northzone with participation from Protagonist and Designer Fund. Era utilizes artificial intelligence to personalize wealth management advice and automate financial tasks, ultimately bridging the gulf between financial access and ambition and making wealth management more accessible.

Workshop: Internal Communications Platform Company Secures $12 Million

By Amit Chowdhry ● Nov 23, 2023

Workshop - an email platform for internal communications - recently announced that the company has raised $12 million in Series A funding. McCarthy Capital led the funding round out of their Emerging Growth strategy. It also included support from prominent Midwest venture funds, including Ludlow Ventures and M25.

Entrio: Tech Adoption Platform Company Extends Round To $11 Million

By Dan Anderson ● Nov 22, 2023

Entrio - an Israel-based tech adoption platform company - recently announced that it extended its recent funding round to $11 million and welcomed new investors American Family Ventures, Fin Capital, and Selah Ventures with additional support from existing investor Alicorn.

Default: AI-Powered Inbound Sales Funnel Rolls Out And $6.6 Million Seed Funding Unveiled

By Annie Baker ● Nov 22, 2023

Default - an all-in-one platform for inbound sales - recently announced the rollout of its AI-powered inbound sales funnel. Utilized by SaaS companies, fintechs, and businesses with an inbound sales strategy, the new engine helps go-to-market teams automate inbound workflows, generates unique insights about inbound leads and accounts, and improves integration between ingested data and first-party records so that no leads go missing. The company also unveiled a $6.6 million funding round.

Elucid: Medical Imaging Analysis Company Secures $80 Million

By Amit Chowdhry ● Nov 22, 2023

Elucid - a leading medical technology company providing physicians with AI-powered imaging analysis software to assess cardiovascular disease - recently announced it has raised $80 million in Series C funding.

Divergent Technologies: $230 Million Upsized Series D Funding Round Closed

By Amit Chowdhry ● Nov 22, 2023

Divergent Technologies - a company that has invented, developed, and commercialized the world's first end-to-end digital industrial manufacturing system - recently announced that it has completed a Series D equity financing totaling $230 million. The funding round was led by a $100 million investment from Hexagon AB and included participation from new and existing institutional and family office investors.

Element Energy: Battery Management Technology Company Raises $111 Million

By Amit Chowdhry ● Nov 22, 2023

Element Energy - a Menlo Park-based Battery Management Technology company - recently announced the closing of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P.

Databricks: Series I Funding Round Raised At $43 Billion Valuation

By Amit Chowdhry ● Nov 21, 2023

Databricks - a renowned Data and AI company - recently announced additional closings of its recent Series I funding. Existing investors Amazon Web Services (AWS), CapitalG, and Microsoft, along with new investors AT&T Ventures, Qatar Investment Authority (QIA), and Sanabil Investments, participated in the funding round, putting the company at a $43 billion post-money valuation.

Cyble: Cybersecurity Company Raises $30.2 Million

By Annie Baker ● Nov 21, 2023

Cyble recently announced the successful completion of its Series B funding round in securing an additional $6.2 million. Earlier this year, Cyble secured $24 million in the initial tranche of its Series B funding. With this latest funding round, the company has officially closed the entire funding round at $30.2 million.

Craft Ventures: $1.32 Billion Closed For Craft Ventures IV and Growth II

By Amit Chowdhry ● Nov 21, 2023

Craft Ventures recently announced it closed $1.32 billion in fresh capital for their two latest funds: Craft Ventures IV ($712 million) - their fourth early-stage fund - and Craft Ventures Growth II ($608 million) - their second growth fund. And the combination of venture and growth funds enables us to support the most exciting B2B software companies across stages. The new funding round brings the firm’s assets under management to $3.3 billion.

BrightGo: Janitorial Software Company Raises $3 Million

By Noah Long ● Nov 21, 2023

BrightGo - a modern janitorial software company - recently announced it closed a $3 million seed round co-led by Costanoa Ventures and Index Ventures. And the company already has customers across the U.S. and Canada that do janitorial services for national supermarket chains, retail stores, and malls, among other commercial properties. And the company plans to use the funding round to fast-track product development.

Radius Agent: Real Estate Brokerage Platform Company Raises $13 Million

By Annie Baker ● Nov 21, 2023

Radius Agent (dba Radius) - a technology-focused and agent-centric real estate brokerage platform recently announced it has raised a $13 million Series B funding led by AXA Venture Partners and with participation from NFX, Cota Capital, and Sierra Ventures, among other existing investors. And Radius is a full-service and modern brokerage that provides real estate professionals and their teams with the support and tools needed to grow their business with a simplified and sensible commission structure. The company plans to scale its team further and offer the new funding.

CoverSelf: $8.2 Million Raised To Scale Operations And Build GenAI Capabilities

By Annie Baker ● Nov 21, 2023

CoverSelf - a unified platform for healthcare claims and payment integrity - recently announced an $8.2 million seed round as it successfully deploys platform in the ecosystem.

Bison Ventures: $135 Million Debut Fund Launches To Invest In Early-Stage Tech Companies

By Amit Chowdhry ● Nov 21, 2023

Bison Ventures - a venture capital firm that invests in early-stage frontier technology companies - recently announced the closing of its debut $135 million fund. The firm is focused on investing in and supporting teams using innovative science and deep technology to address some of the world’s most pressing challenges. From solutions that address climate change to treating disease to meeting the world’s insatiable demand for computing, Bison backs bold and technical solutions with the potential for massive scale.

Betterleave: $2.4 Million Closed To Help Organizations Support Members With Bereavement Care

By Noah Long ● Nov 21, 2023

Betterleave - a pioneering platform that partners with organizations to improve access, experience, and outcomes while lowering the total cost of bereavement care - recently announced it has raised $2.4 million in funding. The funding round was led by Chingona Ventures, with participation from Bread and Butter Ventures, Vitalize VC, Wisdom Ventures Fund, Coyote Ventures, and AARP. Betterleave brings a differentiated approach to grief and mental health by offering a comprehensive digital and clinical care solution that addresses the complex challenges individuals face when preparing for and navigating bereavement.

Cromatic: Outsourced Life Sciences Research Company Secures $5.3 Million

By Annie Baker ● Nov 21, 2023

Cromatic - a full-stack digital platform for outsourced life sciences research - recently announced it has closed $5.3 million in funding. LifeX Ventures and AgFunder led the round with participation from Work Life Ventures, Not Boring Capital, FJ Labs, What If Ventures, Lux Capital, and angel investors.

Eleos Health: Behavioral Health AI Leader Company Raises $40 Million

By Annie Baker ● Nov 21, 2023

Eleos Health - a leader in AI for behavioral health - recently announced a $40 million Series B funding round led by Menlo Ventures, with participation from F-Prime Capital, Eight Roads, Arkin Digital Health, SamsungNEXT and ION. Along with funding from existing investors aMoon and lool ventures, this funding round brings Eleos Health's total funding to $68 million.

Click Therapeutics: $20 Million Raised To Commercialize Software As Prescription Medical Treatments

By Dan Anderson ● Nov 21, 2023

Click Therapeutics - a leader in Digital Therapeutics as prescription medical treatments - recently announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A. And the term loan was partially drawn at closing, with the proceeds used to retire Click’s previous term loan. The undrawn balance remains fully available to help advance Click’s prescription digital therapeutic pipeline.

Payroll Integrations: $20 Million Raised To Support Employee Financial Wellness

By Amit Chowdhry ● Nov 21, 2023

Payroll Integrations - a technology company reimagining how employers support employees’ financial well-being through benefit automation - recently announced the closing of its $20 million Series A funding round. Arthur Ventures, a Minneapolis-based growth equity firm with deep expertise in B2B software, led the funding round.

Pantheon Vision: Bioengineered Corneal Implant Company Secures $2.5 Million

By Noah Long ● Nov 21, 2023

Pantheon Vision - an early-stage ophthalmic medical device company - recently announced it raised $2.5 million in seed financing from KeraLink International (KLI). The company is developing bioengineered implants to raise the standard of eye care globally and reduce reliance on donated corneal tissue, often unavailable in low- and middle-income countries (LMICs).

Boréas: Haptic Semiconductor Platform Company Raises $12 Million

By Amit Chowdhry ● Nov 21, 2023

Boréas Technologies - a pioneer in haptic semiconductor platforms - recently announced the closing of a US$12 million Series B financing round. And Boréas will use the funding round to accelerate the high-volume production of its ultra-low-power piezo haptic semiconductors in mobile, PC, and automotive applications.

Nowsta: $35 Million Raised To Build The Operating System For Gig Workforces

By Amit Chowdhry ● Nov 21, 2023

Nowsta - a technology company building the operating systems for gig workforces - recently announced a $35 million Series C financing round. This funding round coincides with the launch of Nowsta Staffing Labs, the biggest step yet toward transforming how employers source, hire, and manage pools of contingent workers.