Venture Capital

Onehouse: Universal Data Lakehouse Company Closes $35 Million In Series B

By Amit Chowdhry ● Jul 9, 2024

Universal Data Lakehouse company Onehouse announced it has secured $35 million in Series B funding led by Craft Ventures. And existing investors Addition and Greylock Partners participated in this new round, bringing total funding to date to $68 million.

Athletic Brewing Company Secures $50 Million In Equity Financing Led By General Atlantic

By Amit Chowdhry ● Jul 9, 2024

Athletic Brewing Company, the largest non-alcoholic brewery in America, today announced it has closed a $50 million equity financing round led by General Atlantic with participation from multiple existing investors.

Gymdesk: Fitness And Wellness Software Company Closes $32.5 Million In Funding

By Amit Chowdhry ● Jul 9, 2024

Gymdesk, a provider of member management software for fitness and wellness businesses, announced it has raised a $32.5 million growth investment from Five Elms Capital. And this funding will drive Gymdesk's mission to expand and strengthen its solutions for the fitness industry and widen its customer base across new verticals.

Canoe Intelligence: Financial Technology Company Raises $36 Million In Series C

By Amit Chowdhry ● Jul 9, 2024

Canoe Intelligence, a financial technology company powering smarter alts management, announced the completion of its Series C financing round of $36 million today - which was led by Growth Equity at Goldman Sachs Alternatives with participation from existing investors F-Prime Capital and Eight Roads.

Adonis: Healthcare Financial Company Secures $31 Million In Series B

By Amit Chowdhry ● Jul 9, 2024

Endoron Medical: Endograft Stapling Solutions Company Raises $10 Million In Series A Funding

By Amit Chowdhry ● Jul 9, 2024

Endoron Medical, a medtech company specializing in innovative endograft stapling solutions for the endovascular repair of abdominal aortic aneurysms, announced the successful closing of its $10 million Series A funding round. This funding round was led by Sofinnova Partners, with significant matching contributions from the European Innovation Council Fund (EIC Fund).

neustark: Carbon Removal Company Closes $69 Million In Funding

By Amit Chowdhry ● Jul 9, 2024

Neustark, a Swiss carbon removal provider, announced it has raised $69 million in a funding round to scale up in the carbon dioxide removal (CDR) market. This growth equity round was led by Decarbonization Partners (a partnership between BlackRock and Temasek). Climate tech growth investor Blume Equity also joined in the round. And these new investors join neustark’s existing backers - which are all continuing their support, including Holcim, Siemens Financial Services, Verve Ventures, and ACE Ventures. Plus, UBS has contributed capital to the round via debt financing. Neustark also has a strategic collaboration with Holcim to scale up its carbon removal technology globally, enabling building solutions that are both circular and low-carbon.

Volley: Voice AI Gaming Company Raises $55 Million In Series C

By Amit Chowdhry ● Jul 9, 2024

Volley, a revenue leader in AI-powered games, announced today the closing of its Series C fundraising round at $55 million. The round was co-led by Microsoft’s M12 Ventures and Lightspeed Venture Partners. General Catalyst, Causeway Media Partners, the Amazon Alexa Fund, BITKRAFT, Y Combinator, Boost VC, Alumni Ventures, Waverley, Gaingels, and Riverside also joined the latest round.

Curve Raises Strategic Funding From Samsung Next

By Amit Chowdhry ● Jul 9, 2024

Digital wallet company Curve announced a strategic investment by Samsung Next. This new investment brings Curve’s total raised funds to over $250 million. The funding will be used to enhance its products and offerings to financial consumers.

North Sky Capital Secures $250 Million For Impact Secondaries Fund

By Amit Chowdhry ● Jul 9, 2024

North Sky Capital announced the closing of its latest impact secondaries fund called Clean Growth VI (CG VI), with $250 million of commitments. The investors include prominent pension plans, foundations, wealth management platforms, and family offices from across the United States, Canada, Brazil, Singapore, and the UK/Europe.

SAVA: Wearable Biosensor Platform Company Closes $8 Million In Seed Funding

By Amit Chowdhry ● Jul 9, 2024

SAVA—a company developing the first-ever multi-molecule biosensing wearable capable of detecting biomarkers just below the skin’s surface, enabled by its novel microsensing technology—announced it has raised $8 million in a seed funding round led by Balderton Capital and Exor Ventures.

Captions: Generative Video Creation And Editing Platform Company Raises $100 Million In Series C At $500 Million Valuation

By Amit Chowdhry ● Jul 9, 2024

Captions, a leading generative video creation and editing platform, announced today it has raised $60 million in Series C funding led by Index Ventures, bringing the total capital raised to $100 million for a valuation of $500 million. The company's returning investors include Kleiner Perkins, Andreessen Horowitz, and Sequoia Capital. New investors include Adobe Ventures, HubSpot Ventures, and Jared Leto.

Maximum Fidelity Surgical Secures $2.25 Million In Seed Funding

By Amit Chowdhry ● Jul 9, 2024

Maximum Fidelity Surgical Simulations (MaxFi), a company that provides lifelike cadavers to create highly realistic surgical simulations for medical education, research and product development, and military training, announced today that it has completed its $2.25 million seed funding round. The round was led by St. Louis Arch Angels, BioGenerator Ventures, and Missouri Technology Corporation (MTC).

HydroX AI: Trust, Risk, And Security Management Company Raises $4 Million

By Amit Chowdhry ● Jul 9, 2024

HydroX AI, an AI-based company with the industry's first comprehensive all-in-one large language model (LLM) safety and security platform, announced the closing a $4 million angel round from Vitalbridge Capital, Atom Capital, and AI expert Qi Lu.

J2 Ventures: $150 Million Raised For Argonne Fund

By Amit Chowdhry ● Jul 8, 2024

J2 Ventures, a deep tech venture capital fund focused on new technologies that are critical for the private sector and national security interests of the U.S. and its allies, announced it has raised $150 million for its new Argonne Fund. This oversubscribed fund, majority veteran-owned and led, is more than double its last fund size with support from some of the largest financial institutions in the world, including JP Morgan, MetLife, and the New Mexico State Investment Council.

Foray Bioscience: $3 Million Closed To Help Restore Ecosystems Through Biomanufacturing

By Amit Chowdhry ● Jul 8, 2024

Foray Bioscience, a company sowing the seeds for plantless plant products, announced it has raised $3 million in seed funding led by ReGen Ventures. And additional investors include The Engine Ventures, Susquehanna Sustainable Investments, Understorey Ventures, Superorganism, and others.

Formic: Robots-As-A-Service Automation Company Closes $27.4 Million

By Amit Chowdhry ● Jul 8, 2024

Formic, a Robots-as-a-Service (RaaS) automation company, announced it has raised another $27.4 million in Series A financing led by Blackhorn Ventures with participation from Mitsubishi HC Capital America, NEC and Translink Orchestrating Future Fund, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital and Lorimer Ventures. This new funding round brings the total Series A round to more than $52 million since January 2022.

LiveEO: Satellite Data Company Raises €25 Million

By Amit Chowdhry ● Jul 8, 2024

LiveEO – a company that uses high-resolution satellite data and AI to transform raw satellite data into automated actionable insights to help companies manage their climate risks and resilience – announced it has raised €25 million in a Series B funding round led by NordicNinja and DeepTech & Climate Fonds (DTCF). This funding round will accelerate the development of LiveEO's solutions, while expanding its team and capabilities.

Upword: Knowledge Management Company Raises $3 Million

By Amit Chowdhry ● Jul 8, 2024

Knowledge management solutions provider Upword announced the launch of its AI-powered research companion tool and the completion of a $3 million pre-seed funding round.

COMPREDICT: AI-Based Software-Defined Vehicle Company Raises $15 Million

By Amit Chowdhry ● Jul 8, 2024

COMPREDICT, an AI-based company for software-defined vehicles, announced a $15 million Series B funding round led by Woven Capital (Toyota's growth fund), with continued support from existing investor Shift4Good.

Allora Labs: Self-Improving Decentralized AI Network Company Raises Total Of $35 Million

By Amit Chowdhry ● Jul 8, 2024

Allora Labs (previously known as Upshot), the contributors to the Allora Network, recently closed a strategic funding round, bringing the total company funding to $35 million. Allora Labs’ investors include Polychain, Framework Ventures, CoinFund, Blockchain Capital, Archetype, Slow Ventures, Mechanism Capital, Delphi Digital, and others.

Columna Capital: Fund III Closed At €290 Million

By Amit Chowdhry ● Jul 8, 2024

Columna Capital announced it has successfully closed Columna Capital Fund III. This marks the third and largest fund capital raise since Columna Capital’s maiden fund launched in 2016.

D2 Solutions: Growth Funding Raised From Decathlon Capital Partners

By Amit Chowdhry ● Jul 8, 2024

D2 Solutions (a company whose software solutions and consulting expertise help healthcare providers provide better experiences across the prescription journey) announced it acquired a seven-figure growth funding package from Decathlon Capital Partners to support its growth initiatives. The details of the revenue-based financing were not disclosed.

Deskpro: $25 Million Closed To Develop Flexible Help Desk Software

By Amit Chowdhry ● Jul 8, 2024

Deskpro announced the closing of a $25 million Series A funding round led by Elsewhere Partners to meet the demand for its comprehensive suite of proven help desk solutions. And Deskpro will use the growth funding to strengthen its customer experience team, expand its AI-powered help desk solutions and penetrate more key markets, with a focus on expansion in the US. Deskpro also announced the appointment of software industry leader Brad Murdoch as CEO and established a new global headquarters in Austin, Texas.

opus1.io: Strategic Investment Raised From Five Elms Capital

By Amit Chowdhry ● Jul 8, 2024

opus1.io, an end-to-end practice management platform for lesson and class-based performing arts businesses, announced a strategic investment from Five Elms Capital, a leading software investment firm. This funding will support further investment in opus1.io's platform, which helps performing arts professionals operate and grow their businesses more efficiently.

k-ID: Instant Sign-On Solution Company Raises $45 Million

By Amit Chowdhry ● Jul 7, 2024

k-ID, a cross-platform and instant sign-on solution for kids and teens built as an all-in-one answer for solving the complex issue of privacy and online safety worldwide, announced a $45 million Series A funding round. This latest of three funding rounds in less than nine months comes due to unprecedented traction from major publishers.

Rackhouse Venture Capital: $45 Million Second Fund Closed To Invest In Early-Stage AI

By Amit Chowdhry ● Jul 7, 2024

Rackhouse Venture Capital (Rackhouse Ventures), a San Francisco-based early-stage AI-focused venture capital firm, announced the final closing of Rackhouse Ventures Fund II, with $45 million in closed capital and commitments. Fund II will facilitate the firm’s commitment to partnering with companies and founders that have achieved product-market fit in overlooked niches and features a clear and obsessive customer focus.

Greentown Labs And Prithvi Ventures Partner On Climate Impact Fund

By Amit Chowdhry ● Jul 6, 2024

Greentown Labs, the largest climatetech incubator in North America, and early-stage climatetech investment fund Prithvi Ventures announced a first-of-its-kind partnership in the spirit of accelerating climate impact and filling a capital gap among climate startup support organizations.

Function: Health Assessment Company Raises $53 Million

By Amit Chowdhry ● Jul 6, 2024

Function is a first-of-its-kind platform transforming how people manage their lifelong health starting with providing the deepest possible understanding of their body and what they should do to improve their health. Function also revealed the closing of its Series A round led by Andreessen Horowitz (a16z) Bio + Health with support from the a16z Cultural Leadership Fund, bringing its total funds to $53 million. And additional investors include Wisdom.vc, Draft Ventures, K5, G9 Ventures, 53 Stations, Matt Damon (Actor), Ari Emanuel (CEO of Endeavor), Kevin Hart (Comedian and actor), Joel Embiid's (NBA's 2023 MVP) Embiid Ventures, Jay Shetty (award-winning podcast host), Blake Griffin (former NBA), Zac Efron (Actor), Jimmy Rollins (former MLB), Colin Kaepernick (former NFL), Dr. Casey Means, Pedro Pascal (Actor), Ara Katz (Co-founder of Seed), Harvey Spevak (Equinox's Chairman), Harpreet Singh Rai (Former CEO of Oura), Jeff Dean, and others.

Exsilio Therapeutics: $82 Million Closed To Develop Genomic Medicines For Broad Range Of Diseases

By Amit Chowdhry ● Jul 6, 2024

Exsilio Therapeutics, a biotechnology company developing genomic medicines for a broad range of diseases, announced its emergence from stealth with $82 million in Series A financing. This funding round was co-led by Novartis Venture Fund and Delos Capital, with participation from OrbiMed, Insight Partners, J.P. Morgan Life Sciences Private Capital, CRISPR Therapeutics, Innovation Endeavors, Invus, Arc Ventures, and Deep Insight. Exsilio was seed funded by OrbiMed.