Venture Capital

Tabs: Revenue Automation Company Raises $25 Million (Series A)

By Amit Chowdhry ● Nov 13, 2024

Tabs, a leader in revenue automation for B2B businesses, announced it raised $25 million in Series A funding led by General Catalyst, with ongoing support from Primary Ventures and Lightspeed. This latest funding round highlights the company's rapid growth and increasing demand from CFOs seeking to streamline their financial operations using AI.

Neo Financial: Canadian FinTech Company Raises $360 Million (Series D)

By Amit Chowdhry ● Nov 13, 2024

Neo Financial - a leading Canadian financial technology company - announced a C$360 million Series D funding round, consisting of C$110 million of equity and C$250 million of debt. This funding round includes investments from several Canadian founders and entrepreneurs known for experiences in scaling global tech brands, such as Tobi Lütke (CEO and founder of Shopify), Stewart Butterfield (founder and former CEO of Slack), David Baszucki (investor and CEO of Roblox), and Mike Wessinger (co-founder and Executive Chair of PointClickCare). Existing investors participated in this round, including Valar Ventures, Golden Ventures, Afore Capital, and Thomvest Ventures.

McKay Brothers: Minority Investment Raised From Citadel Securities

By Amit Chowdhry ● Nov 13, 2024

McKay Brothers - a market leader in ultra-low latency market data and wireless networks - announced that Citadel Securities has made a minority investment in McKay to support the continued growth of its global data and connectivity business.

hotglue: Embedded Integration Platform Company Secures $4 Million (Seed)

By Amit Chowdhry ● Nov 13, 2024

hotglue – a leading B2B SaaS provider of embedded integrations - announced it has raised $4 million in seed funding. This funding round was led by 8VC, with participation from Y Combinator, Correlation Ventures, Wayfinder Ventures, and TDF Ventures. This new funding round will support hotglue's growth, allowing the company to expand its team and further develop its technology to serve its rapidly growing customer base.

Trace Neuroscience: $101 Million (Series A) Raised To Expand Genomic Medicine Platform

By Amit Chowdhry ● Nov 13, 2024

Trace Neuroscience - a biopharmaceutical company expanding the promise of genomic medicine for people living with neurodegenerative diseases - announced its launch with a $101 million Series A funding led by Third Rock Ventures, with participation from Atlas Venture, GV, and RA Capital Management. And the company is developing novel genomic therapies that restore UNC13A protein to re-establish healthy communication between nerves and muscle cells impacted by neurodegenerative disease.

StayNow: $2.2 Million (Seed) Closed To Support Independent Hotel Owners

By Amit Chowdhry ● Nov 13, 2024

StayNow, a platform focused on supporting independent hotel owners, announced that it has raised $2.2 million in seed funding. The funding round was led by Fountane, Minnesota based venture studio, with participation from UXReactor and Founders Romal Jayswal and Siddharth Raj. This funding round represents a significant step in helping family-run hotels navigate the challenges of a rapidly changing industry.

General Galactic: Fuel Generation Technology Company Raises $8 Million (Seed)

By Amit Chowdhry ● Nov 13, 2024

General Galactic - a fossil-free fuel generation technology pioneer - announced the closing of an $8 million seed funding round, bringing the total funding in the company to $10 million. And the investment was co-led by Harpoon Ventures and Refactor Capital, with participation from Pathbreaker, BoxGroup, Seraphim, Plug and Play, Impact First and Climate Capital.

Alentis Therapeutics: $181.4 Million (Series D) Raised To Develop Treatments For Claudin-1 Tumors

By Amit Chowdhry ● Nov 13, 2024

Alentis Therapeutics – a clinical-stage biotechnology company developing treatments for Claudin-1 positive (CLDN1+) tumors and organ fibrosis - announced that it has raised $181.4 million in Series D funding, supported by a syndicate of top-tier biotech investors. The financing will support Alentis to develop a deep pipeline of CLDN1 targeted medicines for solid tumors.

Forerunner Ventures: $500 Million Early-Stage Fund Announced, Brings AUM To Nearly $3 Billion

By Amit Chowdhry ● Nov 12, 2024

Forerunner Ventures has announced a new $500 million early-stage investment fund. This fund would focus on maximizing opportunities and their value for consumers. This fund brings Forerunner's assets under management to nearly $3 billion since the firm was launched 12 years ago.

Swoove Studios: 3D Animation Software Company Raises $7.5 Million (Seed)

By Amit Chowdhry ● Nov 12, 2024

Swoove Studios, a leading 3D animation software company, announced it had closed a $7.5 million seed funding round led by European angel investors. This funding round brings the company's total to $11 million since its launch in 2020. Subsequently, it has started a strategic review as it continues to scale across Europe and launched this month in the US.

Blue Earth Therapeutics: Radiopharmaceuticals Developer Raises $76.5 Million (Series A)

By Amit Chowdhry ● Nov 12, 2024

Blue Earth Therapeutics, a leader in the development of therapeutic radiopharmaceuticals, announced the the closing of a $76.5 million Series A funding. The funding round was led by Soleus Capital and co-led by Sands Capital Management, with existing investor Bracco Imaging SpA also participating. Woodline Partners and PBM Capital also joined the financing as new institutional investors.

Oyster: Funding Raised From ServiceNow Ventures At $1.2 Billion Valuation

By Amit Chowdhry ● Nov 12, 2024

Oyster, a global employment solution for employing, paying, and caring for distributed teams, announced it secured new financing from ServiceNow Ventures. This funding round follows Oyster’s recent Series D round, which valued the company at $1.2 billion and brings total capital raised to $291 million.

Phytolon: Natural Colors Company Raises Funding From Rich Products Ventures

By Amit Chowdhry ● Nov 12, 2024

Phytolon, an Israeli-based biotechnology and food tech company that produces natural food colors using precision fermentation, recently secured an investment from Rich Products Ventures (RPV), which is the corporate venture capital fund of global, family-owned food company Rich Products (Rich's), to help drive commercialization of its sustainable and clean-label solution for natural food colorings. In connection with the investment, Rich's will explore Phytolon's proprietary color offerings in several of its products.

Vedanta Plans About $500 Million Investment In AvanStrate

By Amit Chowdhry ● Nov 12, 2024

Vedanta Limited announced plans to invest the closing of $500 million in its group company AvanStrate, a leading global display glass manufacturer that is now fully managed by Vedanta Limited. This strategic investment aims to drive innovation and expansion within ASI, strengthening its focus on R&D and manufacturing capabilities and product offerings to cater to the global demand for advanced display glass solutions.

Brava: Roofing Materials Company Raises Investment From Golden Gate Capital

By Amit Chowdhry ● Nov 12, 2024

Brava Roof Tile, a leading independent provider of composite roofing materials, announced an investment from Golden Gate Capital. After the deal closes, Brava’s management team, including Chief Executive Officer Adam Brantman and Chief Manufacturing Officer Andrew Ahrens, will continue leading the company and remain significant shareholders. Brava will remain based in Washington, Iowa. The financial terms were not disclosed.

Browserbase: Web Browser Automation Company Raises $21 Million (Series A)

By Amit Chowdhry ● Nov 12, 2024

Browserbase, a leader in web browser automation, announced it raised $21 million in Series A funding co-led by CRV and Kleiner Perkins, with participation from Okta Ventures and Reed McGinley-Stempel, CEO of Stych. And Browserbase’s Series A funding was raised in less than nine months and comes hot on the heels of the company’s $6.5 million seed round.