Venture Capital

Letta: UC Berkeley GenAI Spin Out Raises $10 Million (Seed)

By Amit Chowdhry ● Sep 24, 2024

Letta, a new GenAI startup spun out of UC Berkeley's AI research lab, has emerged from stealth with a $10 million seed round led by Felicis with participation from Sunflower Capital and Essence VC. And notable angels include Jeff Dean (Chief Scientist at Google DeepMind), Clem Delangue (CEO of HuggingFace), Cristobal Valenzuela (CEO of Runway), Jordan Tigani (CEO of MotherDuck), Tristan Handy (CEO of dbt Labs), Robert Nishihara (co-founder of Anyscale), and Barry McCardel (CEO of Hex).

Meridian: Decentralized Liquidity Marketplace Secures $4 Million

By Amit Chowdhry ● Sep 24, 2024

Meridian - a decentralized liquidity marketplace and liquid staking protocol built on Movement - announced it has raised $4 million in seed funding. The funding round, co-led by ParaFi Capital and Borderless Capital, saw participation from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures. And Meridian aims to spearhead the Move-based DeFi ecosystem on Movement, a network of blockchains created by Movement Labs.

Crosshatch: Personalization Identity Layer Company Secures $2.7 Million

By Amit Chowdhry ● Sep 24, 2024

Crosshatch - an identity layer for personalization - announced its platform's public beta launch and an initial fundraising round of $2.7 million. And Crosshatch enables users to bring their data and context directly into apps, unlocking hyper-personalized experiences without compromising data control.

HavocAI: End-To-End Maritime Autonomy Solutions Company Raises $11 Million

By Amit Chowdhry ● Sep 24, 2024

Trousdale Ventures and Scout Ventures have co-led a $11 million investment round in HavocAI, a developer of low-cost, collaborative, autonomous surface vessels. And HavocAI's fleet of uncrewed boats represents a game-changing solution, with capabilities delivered at incredibly low costs in an era where threats to global shipping and security intensify daily.

Baseload Capital: €53 Million (Series B) Closed For Advancing Geothermal Energy Platform

By Amit Chowdhry ● Sep 24, 2024

Baseload Capital, a Swedish company scaling up geothermal energy worldwide, announced the closing of its €53 million Series B round of funding.

DELLI: Food And Drink Platform Company Secures $6 Million (Seed Extension)

By Amit Chowdhry ● Sep 24, 2024

DELLI, an online platform for independent food and drink, announced a $6 million seed extension to capitalize on recent momentum. Launched by Depop alumni Marie Petrovicka and Simon Beckerman, DELLI has seen 16 times growth in sales since last year. Offering thousands of new products and hundreds of thousands of items sold, customers doubled their basket size on the platform and returned twice as often.

Jus Mundi: $22 Million (Series B) Raised And Jus AI Launched

By Amit Chowdhry ● Sep 24, 2024

Global legal AI company Jus Mund announced the launch of Jus AI, its research and productivity assistant for global legal professionals. The company has also secured €20 million (US $22 million) in Series B funding, one of the largest rounds of funding for a European legal tech company.

DefectDojo: $7 Million Raised For Scaling AppSec Innovation

By Amit Chowdhry ● Sep 24, 2024

DefectDojo, a pioneer in scalable application security, announced a $7 million funding round to respond to demand and accelerate its mission of connecting security strategy with execution for smarter risk management. This latest funding round, led by Iolar Ventures and Aspenwood Ventures, will drive innovation, product development, and market expansion.

Datricks: AI-Based Compliance Platform Company Raises $15 Million (Series A)

By Amit Chowdhry ● Sep 24, 2024

Datricks, a pioneering financial integrity platform, announced $15 million in Series A funding led by Team8’s venture capital arm. And SAP, the global leader in enterprise resource planning (ERP) software, made a strategic investment in the round, along with participation from existing investor Jerusalem Venture Partners. This funding round follows Datricks' recent expansion of its commercial partnership with SAP, which included the launch of Datricks for Risk Mining as an SAP Endorsed App.

Silver Point Closes $4.6 Billion In Commitments For Opportunistic Credit Investments

By Amit Chowdhry ● Sep 24, 2024

Viola Credit: $500 Million Strategic JV Signed With Cadma Capital Partners

By Amit Chowdhry ● Sep 24, 2024

Viola Credit, a global asset manager focused on providing asset-based lending solutions to the innovation economy, announced a strategic joint venture with Cadma Capital Partners. an affiliate of Apollo Global Management that specializes in financing solutions for high-growth technology companies and the investment firms that sponsor them.

Ziegert Group Receives Investment From H.I.G. Realty

By Amit Chowdhry ● Sep 24, 2024

H.I.G. Capital - a leading global alternative investment firm with $65 billion of capital under management - announced that one of its affiliates has invested in Ziegert Group GmbH, a fully integrated German real estate platform with a long-standing presence in the Berlin and Leipzig markets. The proceeds will be primarily used to finance existing projects and strategic acquisitions.

RoundShield: Fund V Closed At Over $1 Billion

By Amit Chowdhry ● Sep 24, 2024

RoundShield, a private investment firm focused on European asset-backed private credit opportunities and capital solutions, has successfully closed RS Fund V with over $1 billion in investor commitments. This is the largest fund in RoundShield’s 11-year history and is nearly $150 million above its fundraising target.