Venture Capital

VBA: $156 Million Secured To Advance Benefits Software Platform For Healthcare Payers

By Amit Chowdhry ● Aug 18, 2023

VBA - a leader in cloud-based benefits software for healthcare payers - recently announced that the company has closed a $156 million majority growth equity transaction led by Spectrum Equity, the leading growth equity firm behind healthcare information technology companies Definitive Healthcare and GoodRx. Existing investor Arthur Ventures also participated in the round. The company improves the healthcare experience by eliminating data fragmentation and enabling interoperability through its tightly integrated suite of solutions.

BitGo: Regulated Custodian Company Raises $100 Million At $1.75 Billion Valuation

By Amit Chowdhry ● Aug 18, 2023

BitGo recently announced $100 million in Series C financing from new, outside strategic investors with a valuation of $1.75 billion. This funding round will be used to make strategic acquisitions and expand its secure and regulated custody, wallet, and infrastructure solutions globally.

Abcuro: $155 Million Raised For Advancing Autoimmune Pipeline

By Annie Baker ● Aug 18, 2023

Abcuro - a clinical-stage biotechnology company developing therapies for the treatment of autoimmune diseases and cancer through precise modulation of cytotoxic T and NK cells - recently announced the successful close of an oversubscribed $155 million Series B financing co-led by Redmile Group and Bain Capital Life Sciences.

Anthropic: AI Safety And Research Company Raises $100 Million From SKT

By Amit Chowdhry ● Aug 18, 2023

SKT recently announced investing an additional USD 100 million in Anthropic, an AI safety and research company based in San Francisco. This funding follows a previous investment from SK Telecom Venture Capital (SKTVC) - SKT's Silicon Valley-based venture capital arm. And SKT has partnered with Anthropic to build a large language model (LLM) customized for telcos.

BrokerTech Ventures Names Emily Schultz as Managing Director

By Annie Baker ● Aug 18, 2023

BrokerTech Ventures (BTV) - which is the industry's first broker-led convening platform and accelerator program - announced the hiring of Emily Schultz as its new Managing Director. Within this role, Schultz will be responsible for setting and executing on the strategic direction of BTV to help advance innovation within the broker technology industry.

P6 Technologies: $3.25 Million Secured To Build Enterprise Software For Transportation Fuel And Petrochemical Sectors

By Noah Long ● Aug 17, 2023

P6 Technologies - an emerging leader in enterprise software for transportation fuel and petrochemical companies to perform Product Life Cycle Assessments that measure product-level carbon intensity and GHG emissions - recently announced it had secured $3.25 million in seed funding led by Goose Capital and supported by Tupper Lake Partners, Veritec Ventures, and Artemis Energy Partners. This is the first external funding P6 Technologies has accepted, positioning the company for accelerated growth.

Croissant: Fintech Platform Company Secures $24 Million To Empower Intentional Commerce

By Noah Long ● Aug 17, 2023

Croissant - a fintech platform with a mission to empower intentional commerce - recently launched with $24 million in seed funding from renowned investors, including Portage and KKR co-founders George Roberts and Henry Kravis. The initial funding was used to accelerate Croissant’s MVP launch via a best-in-class founding team led by Co-Founder and CEO John Howard (formerly of KKR), Co-Founder and CTO John Klose (Amazon, PayPal), and Head of Product Vrishti Mongia (Meta, Moda Operandi).

Amber Bio: $26 Million Raised To Build Gene Editing Platform To Reach Undruggable Diseases

By Dan Anderson ● Aug 17, 2023

Amber Bio - a biotechnology company pioneering multi-kilobase gene editing platforms to reach previously undruggable diseases - recently launched with an oversubscribed $26 million seed financing round co-led by Playground Global and Andreessen Horowitz Bio + Health. And Eli Lilly, RDF (Retinal Degeneration Fund), Hummingbird Ventures, and Pillar VC also participated in the round.

Helm.ai: $55 Million Secured For Developing AI Software For Autonomous Driving And Robotics Automation

By Annie Baker ● Aug 17, 2023

Helm.ai - a provider of next-generation AI software for autonomous driving and automation of robotics - recently announced it raised $55 million in its Series C financing. Freeman Group led the round, including investments from venture capital firms ACVC Partners and Amplo, along with strategic investments from Honda Motor, Goodyear Ventures, and Sungwoo Hitech. This financing brings the total amount raised by Helm.ai to $102M. Helm.ai will use the funds for R&D, the productization of its self-driving technologies, and to further execute commercial engagements with customers and partners in the automotive and robotics sectors.

Aether: $49 Million Closed For Extracting Critical Minerals And Creating New Materials

By Dan Anderson ● Aug 17, 2023

Aether recently announced a $49 million Series A led by Jay Zaveri at Natural Capital and Trevor Zimmerman at Unless to power the next industrial revolution by helping extract rare metals and create new materials, leading to a more resource-efficient and sustainable future. This funding round will be used to scale its platform and grow the company’s engineering, machine learning, and hardware teams.

Rondo Energy: Zero-Carbon Industrial Heat And Power Company Raises $60 Million

By Amit Chowdhry ● Aug 17, 2023

Rondo Energy - a leading provider of zero-carbon industrial heat and power - recently announced it has raised $60 million in a new financing plan to speed the rollout of Rondo Heat Batteries (RHBs) worldwide and to transform the global energy storage market.

Fizz: $25 Million Raised To Give Gen Z What They Are Looking For In Social Media

By Amit Chowdhry ● Aug 16, 2023

Fizz - a Gen Z-founded social media platform exclusively available for college students - recently announced the raise of its $25 million series B funding round led by Owl Ventures with participation from NEA. And Fizz rose above what Crunchbase considers the lowest funding quarter for Series B rounds in 3 years and does so on the heels of raising a $12 million Series A in November 2022.

Veza Receives Strategic Investments From Capital One Ventures and ServiceNow Ventures

By Amit Chowdhry ● Aug 16, 2023

Identity security company Veza recently announced that Capital One Ventures and ServiceNow Ventures have invested strategically in Veza, bringing the company’s total financing to $125 million. This funding will accelerate Veza’s product development, develop integrations for enterprise systems, and increase go-to-market capacity as it continues to meet the demand for its enterprise identity security platform.

Fitted: Fintech Software Company Raises $8.5 Million To Improve Retailer Connectivity

By Dan Anderson ● Aug 16, 2023

Fitted - a fintech software platform that reimagines brand and retailer connectivity - recently announced the closing of an $8.5 million series A funding round to fuel continued growth and meet customer demand. This funding round was led by Capital Eleven and included participation from Epic Ventures and Handshake Ventures.

Nature Coatings: $2.45 Million Closed To Transform Waste Materials Into Renewable Solutions

By Amit Chowdhry ● Aug 16, 2023

Nature Coatings - a leading biochemicals company transforming waste materials into bio-based, safe, and renewable solutions - recently announced the successful completion of an oversubscribed $2.45 million Seed funding round. The funding round was led by Regeneration.VC and The 22 Fund, with participation from actor and environmentalist Leonardo DiCaprio, Safer Made, and Portfolia.

Exponential Exchange: Financial innovation Platform Secures $7.4 Million In Seed Funding

By Annie Baker ● Aug 16, 2023

Financial innovation platform company Exponential Exchange recently announced the successful closing of an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management solutions into the automotive ecosystem and other industries with underserved asset classes.

Advanced Ionics Secures $12.5 Million Series A Round Led By bp

By Amit Chowdhry ● Aug 16, 2023

Advanced Ionics - the developer of a new category of hydrogen electrolyzers useful for expanding green hydrogen production - recently closed a $12.5 million Series A funding round led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate.

Harvard Startup basys.ai Closes $2.4 Million In Funding

By Amit Chowdhry ● Aug 16, 2023

basys.ai - a healthcare technology company co-founded by Harvard alumni Amber Nigam and Jie Sun in 2022 at Harvard University - announced the completion of its latest funding round, securing a total of $2.4 million in investments. This funding round will enable basys.ai to further its mission of empowering payers to streamline processes like prior authorization and utilization management.

Phospholutions: $10.15 Million Secured To Accelerate Commercialization Of Higher Efficiency Fertilizers

By Annie Baker ● Aug 16, 2023

Phospholutions - a pioneer in sustainable fertilizer technology - recently announced an additional $10.15 million investment from leading global fertilizer companies and investors to accelerate the commercialization of RhizoSorb in the US row crop market. And the funding round was led by Advantage Capital and included continued investment from Conti Ventures (a division of Continental Grain Company), Tekfen Ventures, Maumee Ventures, and Ben Franklin Technology Partners. Keytrade, a global fertilizer trader, also joins as a new investor.

Angeles Equity Partners: Fund II Closes Above $540 Million

By Amit Chowdhry ● Aug 16, 2023

Angeles Equity Partners LLC - a private investment firm focused on value creation through operational transformation - announced the final closing of Angeles Equity Partners II, L.P. and its parallel funds with total capital commitments exceeding its target of $500 million.

ClassWallet: Digital Wallet-Based Purchasing And Reimbursement Platform Company Raises $95 Million

By Amit Chowdhry ● Aug 16, 2023

ClassWallet - a leading digital wallet-based purchasing and reimbursement platform for public funds - recently announced it closed its first institutional growth capital funding round of $95 million. Guidepost Growth Equity led the funding round, which included Education Growth Partners (EGP) and Lazard Family Office Partners. This funding round builds on ClassWallet’s rapid growth and supports its continued efforts to reshape the way government agencies do business.

Zeelo: Transit Tech Company Secures $14 Million

By Dan Anderson ● Aug 16, 2023

Zeelo - a global transit-tech company powering bus operators, employers and schools to provide highly efficient, sustainable, and affordable private bus and shuttle transport programs - announced it has secured $14 million in its latest Series A extension round from three new venture capital firms, including FlatzHoffmann, the European growth equity investor; IREON Ventures, the venture capital arm of Motor Oil Hellas; and a prominent Boston-based family office with a principal that recently took their Nasdaq listing private for $6 billion.

Octave Bioscience: Precision Care Company Extends $30 Million Series B Funding Round

By Noah Long ● Aug 16, 2023

Octave Bioscience - a leading precision care company focused on delivering a new standard of care for multiple sclerosis (MS) and other neurodegenerative diseases - recently announced the closing of a $30 million extension to its Series B funding round.

Jurny: AI-Powered Property Management Solution Closes $2 Million In Funding

By Annie Baker ● Aug 16, 2023

Jurny - the market's only vertically integrated artificial intelligence (AI)-powered property management solution - recently announced it opened a community investment round on Wefunder. Backed by venture capital and serving thousands of customers worldwide, Jurny has invited retail investors – who typically gain access only after an IPO – to participate for a limited time. This funding round has already experienced tremendous interest, garnering over $2 million within its first week open to the public.

Voiceflow: $15 Million Raised From OpenView Venture Partners

By Amit Chowdhry ● Aug 16, 2023

Voiceflow - which is the industry’s first and leading collaboration platform for building AI agents - recently announced it had closed a $15 million round of financing led by OpenView, a leading venture capital firm focused on business software. And with this funding round, Voiceflow will amplify its commitment to product innovation while helping conversational AI product teams design, test, and launch AI agents for customer support.

MacroFab: $20 Million Growth Capital Secured From Trinity Capital

By Dan Anderson ● Aug 16, 2023

Trinity Capital - a leading provider of diversified financial solutions to growth-stage companies - recently announced the commitment of $20 million in growth capital to MacroFab, the comprehensive manufacturing platform for building electronics from prototype to high-scale production.

Dioxycle: $17 Million Raised To Turn Carbon Dioxide Emissions Into Sustainable Chemicals

By Annie Baker ● Aug 16, 2023

Dioxycle - a French-American start-up that transforms carbon dioxide emissions into high-value, sustainable chemicals - recently announced the successful closure of its Series A funding round of $17 million. The funding round was co-led by renowned climate tech investors Lowercarbon Capital and Breakthrough Energy Ventures Europe (BEV-E), with participation from Gigascale Capital. This funding round propels Dioxycle into an exciting new development phase towards a first-of-its-kind industrial-emission-busting demonstrator.

Futureverse And Outlier Ventures Launch Accelerator Program

By Amit Chowdhry ● Aug 16, 2023

As part of a strategic collaboration, Futureverse (a leading AI and metaverse technology and content company) and Outlier Ventures (the leading global web3 investor and accelerator by volume) announced the launch of the Futureverse Base Camp accelerator. This program, which will receive funding from the recently announced Born Ready, a venture fund and studio created by the co-founders of Futureverse, will select a cohort of leading early-stage startups building across The Root Network, a public decentralized blockchain network optimized for metaverse apps and experiences. And the program will provide the chosen teams with a virtual 12-week program filled with support from world-class experts. Starting in January 2024, this program marks a significant leap in supporting creators, innovators, and communities shaping the future of the open metaverse.

Kivera: Cloud Security Company Raises $3.5 Million

By Amit Chowdhry ● Aug 16, 2023

Kivera recently announced it had raised $3.5 million in seed funding from General Advance, Round 13 Capital, and several angel investors, including Srinath Kuruvadi, Managing Director and Head of Cloud Security, JP Morgan & Chase; Ely Kahn, VP Product for Cloud Security and AI/ML at SentinelOne; Dimitri Sirota, Founder and CEO of BigID; and other senior executives from Amazon, Google, Shift5, ServiceNow, and Zscaler. With the funding, Kivera will invest in new talent as it moves its headquarters from Sydney, Australia, to New York City.

Kriya Therapeutics: $430 Million Round Closed To Deliver Gene Therapies For Prevalent Diseases

By Amit Chowdhry ● Aug 15, 2023

Kriya Therapeutics - a biopharmaceutical company developing gene therapies for conditions affecting millions of people around the world - recently announced the addition of over $150 million in capital committed as part of its Series C Financing, bringing the total Series C round to over $430 million. The proceeds from the funding will support the clinical translation of Kriya’s broad pipeline of gene therapies and the continued scaling of its engineering, computational and manufacturing platforms.