Venture Capital

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.

Enveda Biosciences: Drug Discovery Company Raises $119 Million

By Noah Long ● Apr 28, 2023

Enveda Biosciences announced that it had closed an additional $51 million equity financing to add to the $68 million Series B announced in December 2022. And Kinnevik led the Series B1 round, which also included participation by new investor Henry R. Kravis, the Co-Founder and Co-Executive Chairman of KKR.

Purdue Ventures Invests In TRIO Pharmaceuticals

By Amit Chowdhry ● Apr 28, 2023

Purdue Ventures - which manages three funds to support Purdue University-connected startups - announced it has invested $250,000 in TRIO Pharmaceuticals, a cancer immunotherapeutics startup founded by a Purdue University biophysics and structural biology alumnus. The company’s antibody-based therapeutics strengthen the body’s defense, the immune system, to eradicate cancer.

Apollo Announces Clean Transition Capital Initiative For Supporting Plan To Deploy $50 Billion

By Amit Chowdhry ● Apr 28, 2023

Apollo announced the formation of Apollo Clean Transition Capital (ACT Capital), which is an investment strategy that intends to redefine the capital market for climate solutions.

Axoni: Data Synchronization And Financial Market Infrastructure Company Raises $20 Million

By Noah Long ● Apr 27, 2023

Axoni - a provider of data synchronization technology and financial market infrastructure - announced the closing of a $20 million equity financing round led by EJF Ventures with participation from Laurion Capital Management, Communitas Capital, and existing investors.

J.P. Morgan Growth Equity Partners: Over $1 Billion In Commitments Raised

By Amit Chowdhry ● Apr 27, 2023

J.P. Morgan Growth Equity Partners (GEP) announced the final closing of its inaugural Growth Equity Fund with over $1 billion in aggregate capital commitments raised from a broad set of institutions, family offices, and individual investors across the Americas, Europe, and Asia as well as J.P. Morgan.

Token: Wearable Authentication Solutions Provider Raises $30 Million

By Annie Baker ● Apr 27, 2023

Token - a revolutionary provider of secure and wearable authentication solutions - announced a $30 million financing raise to support the company’s product development and strategic growth objectives.

Monica Eaton Named CEO For Chargebacks911

By Annie Baker ● Apr 27, 2023

Chargebacks911 announced the formal transition of Monica Eaton to assume the title of its Chief Executive Officer (CEO). And Gary Cardone, who has held the title of CEO for the last ten years, will depart the management team and plans to pursue strategic investments throughout his retirement.

Nayms: Funding Raised At $80 Million Valuation

By Dan Anderson ● Apr 27, 2023

Nayms - the world's first fully-regulated marketplace for on-chain insurance - announced that it closed its private token sale in a round led by UDHC, a leading DeFi investor headed up by the previous senior team at the Maker Foundation - which developed and deployed the MakerDAO protocol. And UDHC is aiming to bring DeFi to the mainstream by funding and guiding projects that are building on established DeFi protocols.

EquipmentShare: Equipment And Digital Solutions Provider Raises $290 Million

By Noah Long ● Apr 27, 2023

EquipmentShare - an equipment and digital solutions provider serving the construction industry - announced the completion of a $290 million funding round led by funds afﬁliated with BDT Capital Partners. This funding round also included participation from existing investors such as RedBird Capital Partners, Tru Arrow Partners, and Sound Ventures, and new investors including Brown Advisors.