Venture Capital

Finni Health: $3.2 Million Raised To Focus On Improving Autism Care

By Amit Chowdhry ● Jun 15, 2023

Finni Health is a company that is empowering autism providers to go independent. The company announced it has raised $3.2 million in funding led by General Catalyst with participation from Y Combinator, Wayfinder Ventures, Andrew Adams (Headway), and Divya Bhatt (Virta).

RealBlocks: $10 Million Secured For Alternative Investment Platform

By Noah Long ● Jun 15, 2023

RealBlocks - a technology platform for alternative investments that provides an end-to-end digital investing process and secondary trading - announced a $10 million extension of its Series A financing, bringing the total investment amount to $20.7 million.

Talis Capital: First Closing Of $175 Million Talis Ventures III Fund Announced

By Amit Chowdhry ● Jun 14, 2023

Talis Capital recently announced the first closing of its third and largest $175 million early-stage fund, focused on helping founders build disruptive, category-defining, and enduring businesses.

Granica: AI Efficiency Platform Company Emerges From Stealth With $45 Million In Funding

By Amit Chowdhry ● Jun 14, 2023

Granica recently emerged from stealth and introduced the industry’s first AI efficiency platform, bringing novel and fundamental research in data-centric AI to the commercial market as an enterprise solution.

Synthesia: AI Video Creation Platform For Enterprises Raises $90 Million At $1 Billion Valuation

By Annie Baker ● Jun 14, 2023

Synthesia - a leading AI video creation platform for enterprises - announced it has raised $90 million in Series C funding to continue its work to make video production simple and intuitive without the need for cameras or studios. This funding round - which values the company at $1 billion - is led by Accel with investment from NVentures (NVIDIA’s venture capital arm) and participation from existing investors Kleiner Perkins, GV, Firstmark Capital, Alex Wang, Olivier Pomel, and Amjad Masad.

Neat Burger: Plant-Based Food Group Company Raises $18 Million

By Annie Baker ● Jun 14, 2023

Neat Burger - a plant-based food group backed by Lewis Hamilton and Leonardo DiCaprio - announced it is expanding its global reach after successfully raising $18 million in a Series B fundraise. And with operations across three territories, the company has set its sights on the United States with the recent opening of its first location in Nolita, New York.

VRIFY: Mining Communications Technology Platform Closes $6 Million

By Noah Long ● Jun 14, 2023

VRIFY - a leading mining communications technology platform - announced that it has raised $6 million in Series A funding co-led by RCF Jolimont Innovation and Beedie Capital with participation from Tiny. This investment will fuel VRIFY’s market expansion plans and feature development to help more mining companies attract and secure investment through innovative communication tools.

NUMATEC Ramps Up Sales Team To Drive Marca’s Multicultural Expansion

By Amit Chowdhry ● Jun 14, 2023

NUMATEC and HEX announced two new hires: Jose Suarez and LanaRose Berger with a remit to maximize Marca’s multicultural business in key DMAs across the country.

LeddarTech: Automotive Software Provider To Go Public Via SPAC Prospector Capital

By Amit Chowdhry ● Jun 14, 2023

LeddarTech - an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD - and Prospector Capital Corp., a publicly traded special purpose acquisition company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, announced their entry into a definitive business combination agreement that would result in LeddarTech becoming a publicly listed company.

OneVest: Wealth-As-A-Service Company Secures $17 Million

By Dan Anderson ● Jun 14, 2023

Wealth-as-a-Service platform company OneVest announced CAD$17 million in Series A funding as it aims to dramatically improve the wealth management experience for both financial institutions and their customers. OMERS Ventures led this funding round with participation from existing investors Luge Capital, Panache Ventures, AAF Management, FJ Labs, and new investors Fin Capital, Pivot Investment Partners, and Deloitte Ventures.

TeleCare Services Company Electronic Caregiver To Raise $95 Million

By Dan Anderson ● Jun 14, 2023

Electronic Caregiver - a pioneering provider of advanced TeleCare services and the Addison Virtual Caregiver technologies - announced the opening of a new Series A Preferred financing. The $95 million financing will be offered to select institutional investment funds and large, existing strategic technology partners of Electronic Caregiver. CMD Global Partners is representing Electronic Caregiver in the placement.

KORE Power Receives $850 Million Conditional Commitment From U.S. Department of Energy

By Amit Chowdhry ● Jun 14, 2023

KORE Power - a leading U.S.-based developer of battery cell technology and integrated solution manufacturer for the energy storage and e-mobility sectors - announced it has received a conditional commitment from the U.S. Department of Energy’s Loan Programs Office (LPO) for a loan in the principal amount of $850 million under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program.

Saudi Arabia’s Ministry of Investment Signs $5.6 Billion Deal With HiPhi

By Annie Baker ● Jun 14, 2023

The Saudi Arabia Ministry of Investment signed a $5.6 billion deal with Chinese electric automaker Human Horizons in order to collaborate on manufacturing and selling vehicles, according to CNBC.

Driver Technologies: AI-based Mobility Company Secures $6 Million

By Annie Baker ● Jun 14, 2023

Driver Technologies - an AI-based mobility tech company that delivers a safer and smarter driving experience - announced recently the closing of a $6 million strategic funding round led by IA Capital and CT Innovations (the venture capital arm of the State of Connecticut). And major insurers also participated in the round including, Liberty Mutual Strategic Ventures, State Auto Labs/Rev 1, and investors from The Social Entrepreneurs’ Fund, ID8 Investments, C2 Ventures, and Kapor Capital.

Striveworks: Enterprise Data Science And Analytics MLOps Provider Raises $33 Million

By Noah Long ● Jun 14, 2023

Striveworks - a leading provider of machine learning operations (MLOps) for enterprise data science and analytics teams - announced the successful closure of its first institutional fundraising round of $33 million. This all-equity round was led by Centana Growth Partners, a specialized growth equity firm that invests in fintech and related enterprise software, with participation from existing investors.

UnifyWork: Workforce Intelligence Platform Closes $3 Million In Funding

By Dan Anderson ● Jun 14, 2023

UnifyWork - a workforce intelligence platform powering equitable regional talent networks - announced an additional $3 million in funding, bringing its total funding to date to $7.5 million.

43North: Ninth Application Of Startup Accelerator Program Due On June 23

By Amit Chowdhry ● Jun 14, 2023

43North is a Buffalo, New York-based startup accelerator that offers aims to attract and retain high-growth startups in Buffalo. And 43North invests $5 million into startups every year while offering founders a chance to secure $1 million in funding. 43North told me that its ninth application is officially open

Oova: $10.3 Million Raised To Accelerate At-Home Fertility Testing Platform

By Amit Chowdhry ● Jun 14, 2023

Oova - a company focused on women's health and fertility solutions - announced a Series A funding round of $10.3 million. The funding round was led by Spero Ventures. Spero Ventures was joined by other strategic firms including US Fertility, Virgin Group, Jefferson Health, Connecticut Innovations, Special Situations Life Sciences Fund, Samsung Next, Hannah Bronfman, and Sara Blakely, the acclaimed businesswoman and founder of Spanx.

Beacon Therapeutics: Ophthalmic Gene Therapy Company Launches With £96 Million In Funding

By Annie Baker ● Jun 14, 2023

Beacon Therapeutics Holdings Limited - a leading ophthalmic gene therapy company with the purpose to restore and improve the vision of patients with retinal diseases - has launched and will develop a new generation of gene therapies to treat a range of rare and prevalent retinal diseases that result in blindness. Syncona Limited, with additional investors including OSE, has provided £96 million ($120 million) to fund the acquisition of AGTC and provide capital to take each of Beacon Therapeutics’s development candidates through to value inflection points.

Salesforce Ventures Doubles Generative AI Fund To $500 Million

By Amit Chowdhry ● Jun 14, 2023

Salesforce Ventures announced it is expanding its Generative AI Fund, doubling the $250 million fund to $500 million as part of its continuing commitment to bolster the AI startup ecosystem and drive the development of responsible generative AI.

Monster API: $1.1 Million Raised To Offer Cost-Effective AI Model Training

By Noah Long ● Jun 13, 2023

Monster API announced it is launching its platform to provide developers access to GPU infrastructure and pre-trained AI models at a far lower cost than other cloud-based options, delivering extraordinary ease of use and scalability. The company’s technology utilizes decentralized computing to enable developers to quickly and efficiently create AI applications, saving up to 90% over traditional cloud options. And the company secured $1.1 million in pre-seed funding led by Carya Ventures, with participation from Rebright Partners.

EvenUp: $50.5 Million Raised To Support Personal Injury Lawyers With AI Tools

By Amit Chowdhry ● Jun 13, 2023

EvenUp - a market leader in AI-driven support for personal injury lawyers - announced recently its $50.5 million Series B funding round led by Bessemer Venture Partners with participation from Bain Capital Ventures, Scott Belsky (Founder, Behance), and legal tech leader Clio.

Nymbus: Financial Technology Solutions Company Raises $70 Million In Series D

By Annie Baker ● Jun 13, 2023

NYMBUS - a premier provider of cutting-edge financial technology solutions - announced the completion of its Series D funding round of $70 million, made up of new and repeat investors. This funding round was led by global software investor Insight Partners and bolstered by additional investments from Nymbus clients ConnectOne Bank and PeoplesBank alongside financial technology investors The Banc Funds Company and Mendon Venture Partners.

Pesto: Fintech Company Secures $11 Million And Launches Pesto Mastercard

By Noah Long ● Jun 13, 2023

Pesto recently announced the launch of its first product Pesto Mastercard issued by Continental Bank, the first credit card that enables customers to use valuables as collateral to secure a credit card. And Activant Capital, Plural, and others invested $11 million in Pesto to build a solution for Americans that offers a pathway to rebuild or establish credit at lower rates.

HostGPO: Group Purchasing Organization And Vacation Rental Host Marketplace Company Raises $6 Million

By Noah Long ● Jun 13, 2023

HostGPO - a group purchasing organization and marketplace for vacation rental hosts to efficiently and cost-effectively procure furniture, supplies, and other services to run their properties - announced it has closed a $6 million round, its first outside capital to date.

Dispersion Capital: $40 Million Fund Launched For Backing Foundational web3 Infrastructure

By Amit Chowdhry ● Jun 13, 2023

Dispersion Capital, an early-stage venture firm, announced recently a $40 million fund to back foundational web3 infrastructure.

ZAGENO: Life Science Research Product Marketplace Receives $33 Million In Funding

By Annie Baker ● Jun 13, 2023

ZAGENO - the leading online marketplace for life science research products - recently announced the completion of a $33 million funding round.

Ballerine: Risk Decisioning Platform Company Secures $5 Million

By Dan Anderson ● Jun 13, 2023

Ballerine - an open-source risk decisioning platform - announced it has raised $5 million in a seed funding round led by Team8. This funding round was led by Team8 with participation from Y Combinator, Vera Equity, and executives from Brex, Trulioo, Venmo, Melio, and Coinbase.

Unlimited Pulls In $8 Million To Launch New Low-Cost Alternative Strategy-Tracking ETFs

By Amit Chowdhry ● Jun 13, 2023

Unlimited - a new investment firm that gives all investors exposure to the alpha-generating potential of alternative investment strategies without the high fees and adverse tax implications of typical fund structures - announced recently that it has raised $8 million in Series A financing led by FirstMark and Citi Ventures, including previously unannounced convertible notes led by Material.

ESpace Networks: $10 Million Secured To Transform Enterprise Connectivity

By Annie Baker ● Jun 13, 2023

ESpace Networks - a Florida-based software company transforming enterprise connectivity - announced recently the successful closing of its Series A round, receiving a $10 million investment from Columbia Capital.