Venture Capital

Bold: Healthy Aging Platform Picks Up $17 Million In Funding

By Amit Chowdhry ● Sep 18, 2023

Bold - a leading healthy aging platform - recently announced $17 million in Series A funding led by Rethink Impact, with participation from Samsung Next and existing investors Andreessen Horowitz (a16z) Bio + Health, Khosla Ventures, GingerBread Capital, and Primetime Partners, bringing the total amount raised to $27 million. The funding round will be used to support Bold's continued expansion with national and regional Medicare plans and provider groups, and accelerate the growth of its clinical exercise offerings to support the diverse physical and mental health needs of older adults.

Gable.ai: Data Collaboration Platform Company Secures $7 Million

By Annie Baker ● Sep 18, 2023

Gable.ai recently announced it's developing the first data collaboration platform to allow software and data developers to build and manage high-quality data assets iteratively. And Gable has secured $7 million in seed funding led by Zetta Venture Partners, Crane Venture Capital, and Essence Venture Capital.

GEM HEALTH: Digital Specialty Care Company Secures Funding To Help People With Obstructive Sleep Apnea

By Amit Chowdhry ● Sep 18, 2023

Gem Specialty Health - a nationwide digital specialty care clinic - recently announced it has successfully raised a Seed financing round led by HealthTrend Capital, with participation from existing investor Base10 Partners and new investor Mairs & Power Venture Capital. And GEM HEALTH has now raised over $5 million to date.

Ascend Elements: $542 Million Raised For Accelerating Production Of Battery Materials For EVs

By Dan Anderson ● Sep 18, 2023

Ascend Elements - a U.S.-based manufacturer of sustainable engineered battery materials for electric vehicles – recently announced it has raised $542 million in new equity investments, including $460 million in Series D investments and $82 million of additional investments from earlier this year. And Ascend Elements' Series D round was led by Decarbonization Partners, Temasek, and Qatar Investment Authority (QIA). And other investors include Tenaska, Alliance Resource Partners, PULSE - CMA CGM Energy Fund, BHP Ventures, Fifth Wall, Hitachi Ventures, Mirae Asset, At One Ventures, Agave Partners, Alumni Ventures, and other leading global investors.

Spiritus: $11 Million Raised For Economical Carbon Removal

By Amit Chowdhry ● Sep 18, 2023

Spiritus - an innovative climate tech company - recently emerged from stealth mode with a breakthrough in Direct-Air-Capture (DAC) technology. And the company's approach demonstrates drastically improved fundamentals, leading to reduced costs that move the industry closer to achieving carbon removal at less than $100 per ton. Spiritus raised $11 million in a funding round led by Khosla Ventures and other investors, including Page One Ventures, to further develop and scale the technology.

DetraPel: Advanced Materials Company Secures $7.6 Million

By Annie Baker ● Sep 18, 2023

DetraPel - the advanced materials company that manufactures sustainable coatings - recently announced the completion of its $7.6 million Series A funding led by Material Impact. And additional investors in this round include multi-billion dollar packaging ink manufacturer, INX International, along with Touchdown Ventures, FitzGate Ventures, Boro Capital, Icebook Investments, and others.

Cervin Ventures: Early-Stage VC Firm Closes $162 Million

By Amit Chowdhry ● Sep 18, 2023

Cervin Ventures - a leading early-stage venture capital firm focused on building enduring businesses - recently announced the closing of $162 million in new capital. And the firm will use the funding round to invest in Seed and Series A startups specializing in enterprise software, data and AI, cybersecurity, DevOps, cloud, and networking.

BlueWhale Bio: University Of Pennsylvania Gene Therapy Spinoff Company Raises $18 Million

By Amit Chowdhry ● Sep 17, 2023

BlueWhale Bio - a new company that spun out of the University of Pennsylvania to overcome key bottlenecks in cell and gene therapy manufacturing - recently announced that it has raised $18 million in seed financing. This funding round was led by Danaher Ventures LLC (the corporate venture subsidiary of Danaher Corporation) with a deep syndicate of leading life science investors, including Novalis LifeSciences and Marshall Wace, and others.

Helsing: €209 Million In Series B Raised To Utilize AI For Defense Industry

By Amit Chowdhry ● Sep 17, 2023

Defense AI company Helsing announced that it has raised €209 million in a Series B funding round led by General Catalyst. Saab also joined the round as a strategic investor, deepening the existing partnership. This funding round follows the company’s previous Series A (€102.5 million) led by Prima Materia, an investment company founded by Daniel Ek, co-founder and CEO of Spotify. And Helsing plans to use the new funding round to further grow its businesses in France, Germany and the UK and deepen its investments in its core technology initiatives.

Data Management Company Denodo Receiving $336 Million From TPG

By Amit Chowdhry ● Sep 16, 2023

Denodo (a leader in data management) and TPG (a global alternative asset management firm) recently announced that they have signed a definitive agreement for TPG Growth (the firm’s middle market and growth equity platform) to invest $336 million in Denodo’s Series B preferred equity.

Imbue: AI Research Company Raises $200 Million

By Amit Chowdhry ● Sep 16, 2023

Imbue - an AI research lab formerly known as Generally Intelligent – recently announced that it has raised $200 million in a Series B funding round, which values the company at more than $1 billion. Investors in this round include the Astera Institute; Nvidia; Cruise CEO Kyle Vogt; and Notion co-founder Simon Last.

Vortex Companies Receives Funding From Quad-C Management

By Annie Baker ● Sep 16, 2023

Quad-C Management - a leading middle market private equity firm – recently announced it has closed on an investment in the Vortex Companies, a global provider of trenchless infrastructure rehabilitation products and services. Vortex is split into two divisions, offering trenchless infrastructure rehabilitation contracting services and products.

VideoAmp: $150 Million Closed For Providing Ad Measurement Solutions

By Amit Chowdhry ● Sep 16, 2023

VideoAmp - an adtech company providing measurement, data and software solutions for the advertising ecosystem to more efficiently and effectively allocate media spend – recently announced $150 million in Series G funding led by Vista Credit Partners, a subsidiary of Vista Equity Partners.

Evolectric Receiving $15 Million From Seismic Capital Company

By Annie Baker ● Sep 16, 2023

Seismic Capital Company recently announced a deal to invest $15 million in electric vehicle technology company Evolectric of Long Beach, California. Evolectric is a company that specializes in electrified transportation and battery technologies to convert fuel-guzzling and polluting commercial fleets to EVs.

GOODLES: Better-For-You Noodle Brand Raises $13 Million

By Noah Long ● Sep 16, 2023

GOODLES - a better-for-you noodle brand celebrated for its modern line of delicious and nutrient-packed boxed mac and cheese and pasta – recently announced a $13 million Series A funding round led by L Catterton.

ELSA: Leading Language App Company Secures $23 Million

By Dan Anderson ● Sep 16, 2023

ELSA - a premier company utilizing machine learning and speech recognition technology company that teaches English – recently announced it has raised a $23 million Series C funding along with the launch of ELSA AI Tutor.

Stack AV: Autonomous Trucking Company Launches With Backing From SoftBank

By Amit Chowdhry ● Sep 15, 2023

Stack AV recently announced the launch of its autonomous trucking business, which utilizes its self-driving technology to improve efficiency and enhance safety in the trucking industry while also tackling supply chain challenges for its partners and their consumers. And Stack AV is focused on transforming the way businesses transport goods, designing solutions to alleviate long-standing issues that have plagued the trucking industry including driver shortages, lagging efficiency in uptime per vehicle, overarching safety concerns, high operating costs, and elevated emission levels.

Superorganism Launches First VC Firm Focused On Global Biodiversity Crisis

By Amit Chowdhry ● Sep 15, 2023

Superorganism recently announced its launch as the first VC firm focused on the global biodiversity crisis. Launched by a seasoned venture capitalist and a conservation technologist, Superorganism aims to support early-stage technology startups working to prevent biodiversity loss.

Lumber: Construction Workforce Management Platform Company Raises $5.5 Million

By Noah Long ● Sep 14, 2023

Lumber – a company that built a comprehensive workforce management platform for construction – recently announced the launch of its SaaS product and the completion of a $5.5 million seed round of funding. With its fully integrated, purpose-built solutions, Lumber is designed to meet the growing compliance and workforce needs of an essential industry.

Momnt: Lending And Payments Solution Company Closes $15 Million

By Amit Chowdhry ● Sep 13, 2023

Momnt - a leading fintech company specializing in real-time lending and payment solutions for businesses – recently announced the closing of its latest capital raise, totaling $15 million. TruStage Ventures led the funding round with participation from Saluda Grade Ventures, existing investors, and a new investment from a fund within Rockefeller Asset Management.

Treasury4: $20 Million Secured To Improve Treasury And Finance Processes

By Noah Long ● Sep 13, 2023

Treasury4 - an enterprise software platform offering modern tools for treasury and finance practitioners – recently announced that it has raised $20 million in Series A funding led by WestCap, with participation from Cowles Company, Fortson VC, Voyager Capital, Kick-Start Seed Fund, and W.T.B. Financial Corporation. Other investors include Jim DuBois, former CIO of Microsoft, and Chris Growney, co-founder of Clearwater Analytics.

Optera: ESG And Carbon Management Software Company Raises $12 Million

By Annie Baker ● Sep 13, 2023

Optera - a leader in ESG and carbon management software – recently announced $12 million in Series A funding led by Next Frontier Capital with participation from Blackhorn Ventures, Mucker Capital, Overture, Engage, Massive, SaaS Ventures, Valo Ventures, AngelList, and Stout Street Capital. And Optera delivers carbon management software that enables companies to reduce the climate impacts of their operations, supply chains, and products.

Renibus Therapeutics: $72 Million Raised To Prevent And Treat Cardio-Renal And Metabolic Diseases

By Amit Chowdhry ● Sep 13, 2023

Renibus Therapeutics - a clinical-stage biopharmaceutical company focusing on the prevention and treatment of cardio-renal and metabolic diseases – recently announced the close of an extension to its Series B financing round, bringing the total amount raised to $72 million. And Renibus' investors are comprised of existing and new investors, including leaders in the cardiac surgery community.

Mighty Buildings: $52 Million Closed For Utilizing 3D Printing To Build Climate-Resilient Prefab Homes

By Noah Long ● Sep 13, 2023

Mighty Buildings - a leader in 3D printing construction technology known for its prefabricated, environmentally friendly, and climate-resilient homes – recently announced that it has raised $52 million in funding. This latest funding round demonstrates strong investor confidence in Mighty Buildings' innovative offsite 3D printing construction technology.

BV Investment Partners: Fund XI Closes At Hard Cap With $1.75 Billion In Capital Commitments

By Amit Chowdhry ● Sep 13, 2023

BV Investment Partners (BV) - a private equity firm focused on the tech-enabled business services, software, and IT services sectors - recently announced that it has completed fund raising for BV Investment Partners Fund XI at its hard cap of $1.75 billion, exceeding the target of $1.5 billion.

Firstcard: $4.7 Million Secured To Build Better Banking For College Students

By Annie Baker ● Sep 13, 2023

Firstcard - a fintech startup building better banking for college students - recently announced that it has raised $4.7 million in Seed funding from VCs and Angels such as AngelList Early Stage Quant Fund. And this comes a year after the company’s $3 million pre-seed fundraising, bringing the total funding to date to $7.7 million.

SkinnyDipped: Anxiety-Free Snack Company Picks Up $12 Million In Funding

By Dan Anderson ● Sep 13, 2023

SkinnyDipped - a brand synonymous with delicious, better-for-you and anxiety-free snacks – recently announced it has raised $12 million in a Series A round that closed in August 2023. Led by the Miami-based entrepreneur David Grutman, the multi-pact partnership is set to propel the brand (founded by the mother-daughter duo of Breezy and Val Griffith) into a new era of expansion, innovation, and success.

Boston Metal: Global Metals Technology Solutions Company Receives $262 million In Funding

By Dan Anderson ● Sep 13, 2023

Boston Metal - a global metals technology solutions company – recently announced the closing of its Series C fundraising, bringing the series total to $262 million. The new investors include Aramco Ventures, the corporate venturing arm of Aramco; global investment manager M&G Investments; natural resource investment firm Goehring & Rozencwajg; and investment management firm Baillie Gifford. And existing investor Breakthrough Energy Ventures also joined the round, and several others made additional investments in the Series C, including Microsoft’s Climate Innovation Fund, BHP Ventures and Prelude Ventures.

SaaSGrid: $3.3 Million Secured To Build Data And Analysis Platform For SaaS Metrics

By Annie Baker ● Sep 13, 2023

SaaSGrid - a data and analysis platform for SaaS metrics - recently announced a $3.3 million seed round led by Craft Ventures. And SaaSGrid is the first dashboarding tool built specifically for SaaS companies: users connect their data sources and get perfect, real-time charts displaying the metrics every SaaS business should be tracking.

Common Trust: Employee Ownership Buyout Platform Secures $2.6 Million In Funding

By Dan Anderson ● Sep 12, 2023

Common Trust - an employee ownership buyout platform that enables small business owners to access liquidity by exiting their employees - recently announced $2.6 million in seed funding. Crossbeam Venture Partners led the funding round with participation from Schmidt Futures and additional funding from leading investors in the space. And the company equips selling owners and management to design a customized employee ownership trust, access aligned capital to finance the buyout, and implement a successful transition.

Venture Capital

Bold: Healthy Aging Platform Picks Up $17 Million In Funding

Gable.ai: Data Collaboration Platform Company Secures $7 Million

GEM HEALTH: Digital Specialty Care Company Secures Funding To Help People With Obstructive Sleep Apnea

Ascend Elements: $542 Million Raised For Accelerating Production Of Battery Materials For EVs

Spiritus: $11 Million Raised For Economical Carbon Removal

DetraPel: Advanced Materials Company Secures $7.6 Million

Cervin Ventures: Early-Stage VC Firm Closes $162 Million

BlueWhale Bio: University Of Pennsylvania Gene Therapy Spinoff Company Raises $18 Million

Helsing: €209 Million In Series B Raised To Utilize AI For Defense Industry

Data Management Company Denodo Receiving $336 Million From TPG

Imbue: AI Research Company Raises $200 Million

Vortex Companies Receives Funding From Quad-C Management

VideoAmp: $150 Million Closed For Providing Ad Measurement Solutions

Evolectric Receiving $15 Million From Seismic Capital Company

GOODLES: Better-For-You Noodle Brand Raises $13 Million

ELSA: Leading Language App Company Secures $23 Million

Stack AV: Autonomous Trucking Company Launches With Backing From SoftBank

Superorganism Launches First VC Firm Focused On Global Biodiversity Crisis

Lumber: Construction Workforce Management Platform Company Raises $5.5 Million

Momnt: Lending And Payments Solution Company Closes $15 Million

Treasury4: $20 Million Secured To Improve Treasury And Finance Processes

Optera: ESG And Carbon Management Software Company Raises $12 Million

Renibus Therapeutics: $72 Million Raised To Prevent And Treat Cardio-Renal And Metabolic Diseases

Mighty Buildings: $52 Million Closed For Utilizing 3D Printing To Build Climate-Resilient Prefab Homes

BV Investment Partners: Fund XI Closes At Hard Cap With $1.75 Billion In Capital Commitments

Firstcard: $4.7 Million Secured To Build Better Banking For College Students

SkinnyDipped: Anxiety-Free Snack Company Picks Up $12 Million In Funding

Boston Metal: Global Metals Technology Solutions Company Receives $262 million In Funding

SaaSGrid: $3.3 Million Secured To Build Data And Analysis Platform For SaaS Metrics

Common Trust: Employee Ownership Buyout Platform Secures $2.6 Million In Funding

Consumer Tech