Venture Capital

JMG Group: Investment Raised From GTCR

By Amit Chowdhry ● May 18, 2025

Private equity firm GTCR announced that it has signed a definitive agreement to buy leading UK insurance broker JMG Group in partnership with existing investor Synova LLP, a leading European mid-market investor. GTCR and Synova will collaborate to support JMG's strong management team, led by CEO Nick Houghton, which will continue to operate the business and retain substantial equity ownership.

Scription: $7.8 Million Seed Round Raised For Advancing Commercial Foodservice Industry

By Amit Chowdhry ● May 18, 2025

Scription Maintenance, a technology startup in the commercial foodservice industry, has been transforming equipment maintenance from hourly rates into a subscription model. Their Scription360 program eliminates financial risk for restaurant equipment operators while aligning the incentives of equipment service companies to benefit from equipment uptime rather than equipment breakdowns financially.

Fincom: Series B Funding Raised In Round Led By Nasdaq

By Amit Chowdhry ● May 18, 2025

Fincom, a leader in anti-money laundering (AML) Sanction Screening and Entity Resolution technology, announced the completion of its Series B funding round, securing a strategic investment led by Nasdaq Ventures, with participation from Macquarie Group, G1 Ventures, and existing investors including AnD Ventures and ff Venture Capital. This funding marks a significant milestone in Fincom's growth journey and underscores confidence in its vision and market potential.

Somite AI: $47 Million Series A Raised To Accelerate Human Cell Therapy Development

By Amit Chowdhry ● May 18, 2025

Somite AI, a tech-bio company utilizing foundation models and proprietary AI to advance human cell therapy development, announced it closed a Series A funding round raising more than $47 million. The funding round was led by Khosla Ventures, with participation from SciFi VC, the Chan Zuckerberg Initiative, Fusion Fund, Ajinomoto Group Ventures, Pitango HealthTech, TechAviv, Harpoon Ventures, along with angel investors such as Dr. R. Martin Chavez (former Chairman of Recursion), and Fidji Simo (outgoing CEO of Instacart and incoming CEO of Applications at OpenAI).

Celery: New Round Of Funding Raised For Financial Operations Platform

By Amit Chowdhry ● May 18, 2025

Celery, a financial operations platform that utilizes AI to automate internal controls, today announced that it has raised $6.25 million in seed funding. The funding round was led by Team8, with participation from Verissimo Ventures, Centre Street Partners, 97212 Ventures, and additional strategic angel investors. This brings the company's total funding to $9 million.

Hyperbots: Finance-Focused Agentic AI Platform Raises $6.5 Million Series A

By Amit Chowdhry ● May 18, 2025

Hyperbots, an agentic AI platform for finance and accounting, announced that it has raised a $6.5 million Series A round co-led by Arkam Ventures and Athera Venture Partners. This funding round also saw participation from new investor JSW Ventures and existing investors, Kalaari Capital, Sunicon Ventures, and Darashaw & Company Sunicon Ventures, and Darashaw & Company.

Adopt AI: $6 Million Closed For Turning Apps Into Agents

By Amit Chowdhry ● May 18, 2025

Agentic AI company Adopt AI announced the launch of its platform that enables applications with intelligent agent capabilities, signaling the death of excessive clicking and the rise of conversational interaction. This vision is backed by a $6 million seed funding round, led by Elevation Capital and supported by Foster Ventures, Powerhouse Ventures, Darkmode Ventures, and notable angel investors. This funding emphasizes the significant potential of Adopt AI's agent experience solution to disrupt the market.

Monda Buying Data Delivery Company Amplify Data

By Amit Chowdhry ● May 18, 2025

Monda, an all-in-one data monetization platform, announced the acquisition of data delivery company Amplify Data Amplify enables data owners to easily customize and share data products with data consumers across cloud platforms and data marketplaces.

Farmley: $42 Million Series C Raised For Healthy Snacking Brand

By Amit Chowdhry ● May 18, 2025

Farmley, a rapidly growing healthy snacking brand in India, announced that it has completed a $42 million Series C fundraise led by L Catterton. And existing shareholders such as DSG Consumer Partners also participated in the fundraise.

Classiq: $110 Million Series C Raised For Quantum Software Platform

By Amit Chowdhry ● May 18, 2025

Classiq announced it raised $110 million in Series C funding, the largest ever for a quantum software company. The funding round was led by Entrée Capital, with participation from Norwest, NightDragon, funds managed by Hamilton Lane (Nasdaq: HLNE), Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next, and QBeat, as well as other new and existing investors.

TensorStax: $5 Million Closed For Autonomous AI Agentic Platform For Data Engineering

By Amit Chowdhry ● May 18, 2025

TensorStax, an autonomous AI agentic platform for data engineering, announced it has raised $5 million in seed funding led by Glasswing Ventures, with participation from Bee Partners and S3 Ventures.

Turtle Club: $6.2 Million Secured For Advancing Onchain Liquidity Distribution Protocol

By Amit Chowdhry ● May 18, 2025

Turtle Club announced the closing of a $6.2 million seed funding round to advance its on-chain liquidity distribution protocol. The funding round was led by THEIA, with participation from Susquehanna (SIG), Laser Digital, Consensys, Selini, RE7 Capital, L2IV, Archimed Capital, Trident Digital, Bodhi Ventures, Shorewoods, Triton Liquid, AUROS Global, Chorus One, Frachtis, Moonhill Capital, Tulipa Capital, and others. And notable angel investors include Ethereum co-founder Joseph Lubin, Wintermute co-founder Yoann Turpin, and Ryan Fang of Ankr.

Samaya AI: $43.5 Million Raised To Advance AI Platform For Financial Services

By Amit Chowdhry ● May 18, 2025

Samaya AI, an expert AI platform for financial services, announced $43.5 million in financing, led by NEA (New Enterprise Associates), with participation from leaders in technology and financial services, including Eric Schmidt (former CEO of Google), Yann LeCun (AI Turing Award winner), David Siegel (Co-founder Two Sigma), and Marty Chavez (Vice Chair Sixth Street), and others.

Granola: $43 Million Series B Raised For AI-Based Notepad

By Amit Chowdhry ● May 18, 2025

Granola, an AI-based notepad that combines your typed notes with AI transcriptions, launched Granola 2.0. The launch also coincided with the announcement that Granola has raised $43 million in Series B funding led by Nat Friedman and Daniel Gross from NFDG, with continued participation from existing investors Mike Mignano from Lightspeed Venture Partners and Nabeel Hyatt from Spark Capital. The company has also attracted investment from a notable roster of angel investors, including Guillermo Rauch (Vercel), Amjad Masad (Replit), Tobi Lutke (Shopify), Karri Saarinen (Linear), Lenny Rachitsky (Lenny's Newsletter), Des Traynor (Intercom), Karim Atiyeh (Ramp), Zach Lloyd (Warp), Charlie Songhurst, Noah Weiss, Romain Huet, Nilan Peiris and Laura Modiano.

Zeno Power: $50 Million Series B Closed For Nuclear Battery Development

By Amit Chowdhry ● May 18, 2025

Zeno Power, a leading developer of nuclear batteries – radioisotope power systems – for frontier environments, announced a $50 million Series B funding round, led by Hanaco Ventures with participation from Seraphim, Balerion Space Ventures, JAWS, Vanderbilt University, RiverPark Ventures, Stage 1 Ventures, 7i Capital, Beyond Earth Ventures, and others. This funding brings Zeno’s total capital raised to over $70 million, following its Series A led by Tribe Capital in 2022.

1848 Ventures Buying Home Management Company Luminest

By Amit Chowdhry ● May 18, 2025

1848 Ventures, an AI-first venture studio building SaaS solutions for small and medium-sized businesses (SMBs), announced the acquisition of Luminest, an AI-based home management startup focused on predictive maintenance and structured property data.

Corinthian Capital And Valesco Buying Majority Interest In Trimlight

By Amit Chowdhry ● May 18, 2025

Corinthian Capital Group (a middle-market private equity firm) announced that an affiliate of Corinthian, in partnership with Valesco Industries, has acquired a majority interest in Trimlight, a leading provider of permanent exterior LED lighting solutions.

Metafoodx: $9.4 Million Raised For Fighting Food Waste

By Amit Chowdhry ● May 17, 2025

Metafoodx, an AI food operations company, announced it has raised $9.4 million in funding led by Trustbridge Partners, with participation from BlueRun Ventures and ScalableVision Capital.

Therini Bio: $39 Million Series A Secured For Advancing Clinical Development Of Neurodegenerative Disease Immunotherapies

By Amit Chowdhry ● May 17, 2025

Therini Bio - a clinical-stage biotech company developing fibrin-targeting immunotherapies for neurodegenerative diseases driven by vascular dysfunction - announced that it raised $39 million in a Series A extension financing. This extension financing included new investors, Angelini Ventures and Apollo Health Ventures, along with existing investors SV Health Investors’ Biotech Fund and Dementia Discovery Fund, MRL Ventures Fund, Sanofi Ventures, Eli Lilly and Company, Dolby Family Ventures, and Foundation for a Better World. This financing funding Therini Bio’s Series A, bringing the total to $75 million.

Redica Systems: Financing Raised For Advancing Quality In Life Sciences

By Amit Chowdhry ● May 17, 2025

Redica Systems, a leader in Quality and Regulatory Intelligence for the Life Sciences industry, announced a financing. Merck Global Health Innovation Fund (MGHIF), along with existing investors Savant Growth and Rock Creek Capital, participated in the financing.

Ascendx: $110 Million Raised To Transform CRM With AI-Based Insights

By Amit Chowdhry ● May 17, 2025

Ascendx, a provider of enterprise-grade CRM SaaS solutions, announced it has raised $110 million. Osprey Investors and Columbia Lake Partners led the funding. This funding features $60 million in equity and $50 million in debt financing and marks one of the largest growth-stage investments in the CRM space to date.

ContactMonkey: Growth Capital Raised From CIBC Innovation Banking

By Amit Chowdhry ● May 17, 2025

CIBC Innovation Banking announced that it has provided growth capital financing to ContactMonkey, a portfolio company of Updata Partners. ContactMonkey is an internal email platform used by 10,000+ communicators worldwide. And the platform integrates with commonly used applications such as Microsoft Outlook, Microsoft Teams, and major human resource information software (HRIS) platforms, helping users engage employees across their organization.

Left Main REI: Strategic Investment Raised From Cofounders Capital

By Amit Chowdhry ● May 17, 2025

Left Main REI, a leading CRM and data intelligence platform for real estate investors, announced the closing of a series seed round and major strategic investment from Cofounders Capital, a North Carolina-based venture capital firm.

Entrata: Multifamily Community OS Company Raises $200 Million At $4.3 Billion Valuation From Blackstone

By Amit Chowdhry ● May 17, 2025

Entrata, an operating system for multifamily communities, announced a $200 million minority investment from funds managed by Blackstone at a $4.3 billion valuation. This funding round comes as the company moves forward on its next chapter of growth, serving the rental housing industry through innovative technology that streamlines operations for property managers and elevates the living experience for millions of residents.

Algoma: $2.3 Million Seed Funding Raised For Real Estate Development Platform

By Amit Chowdhry ● May 17, 2025

Algoma, an AI-native real estate development platform that helps developers turn an address into a deal, announced it has raised $2.3 million in seed funding. The funding round was led by Zacua Ventures, with participation from SOSV, Iron Prairie Ventures, DOMiNO Ventures, Compose VC and a network of angel investors across AI, construction, and real estate.

CrediLinq: $8.5 Million Series A Raised For AI-Based Embedded Finance Platform

By Amit Chowdhry ● May 16, 2025

CrediLinq, an AI-based embedded finance platform that is transforming access to growth capital for underserved digital-first SMEs globally, announced the closing of a $8.5 million Series A funding round. The funding round was led by OM/VC and MS&AD Ventures. New investors include Citi North America and Rustem Family office. And returning investors include 500 Global, Epic Angels, 1982 VC and Big Sky Capital.

Cognichip: $33 Million Seed Funding Raised For Advancing Artificial Chip Intelligence

By Amit Chowdhry ● May 16, 2025

Cognichip, a company advancing Artificial Chip Intelligence (ACI) to power the future of semiconductor design, announced its launch out of stealth mode with $33 million in seed funding. The funding round was led by Lux Capital and Mayfield, with support from FPV and Candou Ventures.

Akido: $60 Million Series B Secured For Health AI Platform

By Amit Chowdhry ● May 16, 2025

Akido Labs - an AI and care delivery company reimagining healthcare - announced it has raised $60 million in Series B funding. The funding round was led by Oak HC/FT with participation from Greco, SNR, and existing investors Y Combinator, Future Communities Capital, Jeff Dean (Chief Scientist, Google DeepMind & Google Research), and the Comprehensive Blood & Cancer Center.

Pronto: $2 Million Raised For India-Based House Help Platform

By Amit Chowdhry ● May 16, 2025

Pronto, an India-based 10-minute house help service, announced $2 million in funding led by Bain Capital Ventures. With this funding, Pronto will open new hubs, expanding their service area across Gurgaon.

SpotitEarly: $20.3 Million Closed For Transforming At-Home Early Cancer Detection

By Amit Chowdhry ● May 16, 2025

SpotitEarly, a biotech company focused on transforming cancer screening by utilizing AI and canines to analyze volatile organic compounds (VOCs) in breath samples and detect cancer at its earliest stages, officially launched in the U.S. market with $20.3 million in funding.