Venture Capital

Greeneye Technology: Precision Spraying Company Secures $20 Million

By Amit Chowdhry ● Apr 19, 2024

Greeneye Technology, a pioneer of AI-enabled precision spraying technology that is proven to reduce herbicide use in farming by an average of 88%, announced the completion of a $20 million funding round led by Israeli investment company Deep Insight.

Usual Labs: $7 Million Raised And $75 Million In TVL Committed

By Amit Chowdhry ● Apr 19, 2024

Usual Labs, a company focused on developing Usual, an innovative protocol bridging the gap between traditional and decentralized finance through the USD0 stablecoin, announced that it had raised $7 million and committed $75 million in Total Value Locked (TVL) to ensure to prepare for the pre-launch of the USD0 stablecoin on the Ethereum mainnet in the second quarter of this year.

Magnus Metal: Digital Casting Company Secures $74 Million

By Amit Chowdhry ● Apr 19, 2024

Magnus Metal, a high-volume digital casting for metal alloys, announced it has raised $74 million in Series B funding, co-led by Entrée Capital and Target Global with additional participation from Caterpillar Ventures, Tal Ventures, Deep Insight Ventures, Awz Ventures, Lumir Ventures, Discount Capital, Lip Ventures, Cresson Management, Next Gear Fund and Essentia Venture Capital. Magnus Metal will use the latest funding round to advance its innovative casting technologies while expanding its operations locally and globally to support its Fortune 100 customers.

Cape: Privacy-First Mobile Carrier Company Raises $61 Million

By Amit Chowdhry ● Apr 19, 2024

Privacy-first mobile carrier Cape announced it raised $61 million in funding led by A* and Andreessen Horowitz. And XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures also joined the funding round. Cape will use this funding round to build a nationwide mobile network that offers premium wireless coverage, which masks personal identifying information like names, numbers, and locations (unlike traditional carriers).

RIVET: Workforce Management Platform Company Secures $6 Million

By Amit Chowdhry ● Apr 18, 2024

RIVET, a leading Workforce Management platform for electrical construction, announced it raised $6 million in funding led by Brick & Mortar Ventures. Other investors, including defy.vc, Augment Ventures, Detroit Venture Partners, Michigan Rise, and angel investors participated in this new round. This new funding round brings RIVET's total funding to over $14 million, supporting the expansion into multi-trade businesses and launching new features such as labor forecasting and automated labor requests.

Zeko Labs: $3 Million Raised To Build Decentralized Finance Solutions Powered By Zero-Knowledge

By Amit Chowdhry ● Apr 18, 2024

Zeko Labs, a blockchain company realizing the vision of a world powered by zero-knowledge technology, announced the completion of a $3 million pre-seed funding round from a consortium of early-stage investors. UOB Venture Management, Signum Capital, and YBB Capital led the funding round with Zeko Labs, backed by additional significant investments from Autonomy Capital, Cogitent Ventures, GBV, Tenzor Capital, 3Commas Capital, ArkGrow, AVID3, Cryptonauts, Nox Holdings, NxGen.xyz, SkyVision Capital (SVC), and Presto Labs.

Renterra: Equipment Rental Software Platform Company Secures $3 Million

By Amit Chowdhry ● Apr 18, 2024

Renterra, a modern software platform for the equipment rental industry, announced that it has raised $3 million, led by Bienville Capital.

RFX Solutions Raises $9 Million To Transform Healthcare Compliance

By Amit Chowdhry ● Apr 18, 2024

Healthcare compliance company RFX Solutions announced it had raised a $9 million Series A funding round led by Arthur Ventures. This funding round emphasizes the confidence in RFX Solutions' goal of streamlining and enhancing compliance processes in healthcare settings.

RAAAM Memory Technologies: $4 Million Raised To Develop Solutions For Implementing On-Chip Memory

By Amit Chowdhry ● Apr 18, 2024

Regeneron Ventures: $500 Million Fund Launch To Invest In Biotech Companies

By Amit Chowdhry ● Apr 18, 2024

Regeneron Ventures has formed a venture capital fund focused on promising biopharmaceutical, health care, and health technology companies. The fund’s general partner will be independently managed by former Regeneron executives Jay S. Markowitz, M.D., and Michael Aberman, M.D., who will lead the fund’s investment strategy together. And Regeneron Pharmaceuticals is the fund’s exclusive limited partner and has committed $100 million annually for five years.

Snappy: Gifting Platform Company Closes $25 Million

By Amit Chowdhry ● Apr 18, 2024

Evergreen Theragnostics: Clinical-Stage Radiopharmaceutical Company Raises $26 Million

By Amit Chowdhry ● Apr 18, 2024

Sayari: $235 Million Strategic Investment Raised From TPG

By Amit Chowdhry ● Apr 18, 2024

Sayari (a leading counterparty and supply chain risk intelligence platform utilized by government agencies, multinational corporations, and financial institutions) and TPG (a global alternative asset management firm) announced that TPG Growth (the firm’s middle market and growth equity platform) has closed a $235 million strategic majority investment in Sayari.

Allen Control Systems: Defense Technology Company Raises $12 Million

By Amit Chowdhry ● Apr 18, 2024

Defense technology company Allen Control Systems (ACS) announced it has raised $12 million in seed capital led by Craft Ventures with participation from Forum Ventures and Rally Ventures. Austin, Texas-based ACS is developing counter-drone robotic gun systems.

Loft Labs: Virtual Kubernetes Cluster Company Raises $24 Million

By Amit Chowdhry ● Apr 18, 2024

Loft Labs—the creators of vCluster and DevPod—announced $24 million in Series A funding led by Khosla Ventures. Existing investors Fusion Fund, Surface Ventures, Emergent Ventures, and Berkeley SkyDeck Fund participated. Kit Merker, one of the first product managers for Kubernetes at Google, made an additional angel investment. This new funding round brings Loft's total financing to $28.6 million.

SOSV: V Fund Closed At $306 Million

By Amit Chowdhry ● Apr 18, 2024

SOSV announced the closing of its $306 million SOSV V fund, the firm’s largest fund to date. The SOSV V fund will focus on deep tech startups in human and planetary health, with an emphasis on decarbonization and re-industrialization—part of the fund’s mandate to reinvent the means of production as SOSV also continues to drive investments in health ranging from therapeutics to medical devices.

CarNow: $40 Million Growth Investment Raised From Runway Growth Capital

By Amit Chowdhry ● Apr 18, 2024

Runway Growth Capital, a leading provider of growth loans to venture and non-venture-backed companies seeking an alternative to raising equity, announced a $40 million commitment to CarNow, which is a live-data automotive technology platform that helps dealers elevate the car buying process by transforming the way they connect with customers.

Take2 AI: Sales Recruiting Platform Company Raises $3 Million

By Amit Chowdhry ● Apr 18, 2024

Take2 AI, an AI-powered job simulation platform for sales recruiting, announced it has raised a $3 million seed round led by Reach Capital and SemperVirens. Other Silicon Valley-based venture funds, Techstars, and HR leaders from Visa, Disney, HP, and Google participated.

Bridgewise: $21 Million Raised To Advance AI-Powered Financial Intelligence Platform For Global Securities

By Amit Chowdhry ● Apr 18, 2024

Breaking: Plastic Degradation And Synthetic Biology Company Secures $10.5 Million

By Amit Chowdhry ● Apr 18, 2024

Breaking, a plastic degradation and synthetic biology company, launched at Colossal Biosciences based on a core discovery out of the Wyss Institute for Biologically Inspired Engineering at Harvard University. Breaking also announced it launched with unveiling its discovery, X-32, which it will develop to address the global plastics crisis. And Breaking raised $10.5 million in a seed round.

Miggo: Application Detection And Response Platform Company Raises $7.5 Million

By Amit Chowdhry ● Apr 18, 2024

Miggo, a cybersecurity company introducing a Application Detection and Response (ADR) platform, announced $7.5 million in seed funding led by YL Ventures with the participation of CCL (Cyber Club London), cybersecurity leaders from Elastic and Everon, and former CISOs of Google, Zscaler and Nike. And Miggo's ADR platform addresses a critical gap in application security by enabling security teams to detect and respond to targeted application attacks.

BreachRx: Intelligent Incident Response Platform Company Raises $6.5 Million

By Amit Chowdhry ● Apr 17, 2024

BreachRx, a provider of the first intelligent incident response platform designed for the entire enterprise, announced the closing of its $6.5 million seed round led by SYN Ventures and participated in by Overline.

Trident IoT: Silicon Provider And RF Technology Company Closes $10 Million

By Amit Chowdhry ● Apr 17, 2024

Trident IoT, a silicon provider and RF technology company focused on decreasing time-to-market for connected device manufacturers, announced the completion of a $10 million fundraising round.

HumanX: AI Leader Forum Company Secures $6 Million

By Amit Chowdhry ● Apr 17, 2024

HumanX, a forum for AI leaders started by the team behind HLTH and Money20/20, announced its official debut and the annual conference. This inaugural gathering will be hosted in March 2025 and bring together C-suite leaders, decision-makers, policymakers, founders, and AI practitioners. And HumanX raised over $6 million in funding led by Primary Venture Partners, with participation from Foundation Capital, FPV Ventures, and Andreessen Horowitz.

Toku: All-In-One Recurring Payments Platform Raises $9.3 Million

By Amit Chowdhry ● Apr 17, 2024

GridBeyond: Intelligent Energy And Smart Grid Platform Company Secures €52 Million

By Amit Chowdhry ● Apr 17, 2024

GridBeyond, a leading intelligent energy and smart grid platform provider for distributed energy resource management, announced it has closed a €52 million Series C financing round. Alantra’s Energy Transition Fund Klima led the round. And the round also included new investors Energy Impact Partners, Mirova, ABB, Constellation, and Yokogawa Electric Corporation, as well as investment from existing investor Act Venture Capital.

Ilant Health: Obesity Management Company Extends Seed Round To $5.5 Million

By Amit Chowdhry ● Apr 17, 2024

Ilant Health, a leader in value-based obesity management and cardiometabolic health solutions, announced the extension of its seed round of fundraising from $3 million to $5.5 million. This women-led startup received additional funds from a combination of new health-oriented investors, including LifeX Ventures, Celtic House Asia Partners, Cornucopian Capital, and existing investors.

Asher Biotherapeutics: $55 Million Raised To Develop Precisely-Targeted Immunotherapies

By Amit Chowdhry ● Apr 17, 2024

Asher Biotherapeutics, a biotechnology company that is developing precisely targeted immunotherapies for cancer, autoimmune, and infectious diseases, announced the closing of a $55 million Series C funding round. This funding was led by RA Capital Management and included new investors AstraZeneca and Bristol Myers Squibb, along with existing investors Janus Henderson Investors, Third Rock Ventures, Wellington Management, Boxer Capital, and other undisclosed institutional investors.

AI Squared: $13.8 Million Raised To Deliver Data And Insights Into Business Apps

By Amit Chowdhry ● Apr 17, 2024

AI Squared, a company that helps organizations deliver data and AI insights into business applications, announced today that it has raised $13.8 million in Series A funding led by Ansa Capital with participation from existing investors NEA and Ridgeline.

Magnesium Capital: Inaugural Fund Closed At €135 Million

By Amit Chowdhry ● Apr 17, 2024

Energy transition buyout specialist Magnesium Capital announced the successful closing of its inaugural Fund, Magnesium Capital I, at its hard cap of €135 million, exceeding the €100 million Fund target. The final close occurred less than a year after the Fund’s first close, with Magnesium attracting blue-clip institutional investors from the US, Europe, and the UK.