Venture Capital

Manulife Investment Management: $752 Million Closed For MCP VII Fund

By Amit Chowdhry ● Mar 8, 2024

Manulife Investment Management announced the final closing of Manulife Capital Partners VII, L.P. (MCP VII), a $752 million private credit fund. This fund seeks to invest junior credit capital in U.S. middle market companies to target high yield with equity upside, offering investors contractual cash coupons and capital appreciation. And MCP VII is backed by a global investor base of institutional and private capital investors, including a capital commitment from Manulife.

Metaplane: Data Observability Platform Company Secures $13.8 Million

By Amit Chowdhry ● Mar 8, 2024

Metaplane - a leading data observability platform for data teams - announced its $13.8 million Series A funding round led by Felicis, with participation from Khosla Ventures, Flybridge, Y Combinator, Stage 2 Capital, B37, and SNR. This funding round comes shortly after a successful 2023 with impressive revenue growth, accelerated customer acquisition, and rapid product innovation.

Handle.com Raises Funding From Amex Ventures And Suffolk Technologies

By Amit Chowdhry ● Mar 8, 2024

Handle.com - a leading provider of construction payment and credit solutions - announced investments from different investors: Amex Ventures and Suffolk Technologies (the venture capital arm of Suffolk Construction). This funding round highlight Handle’s continuous growth and its impact on the digital transformation of finance organizations across the construction value chain.

Glacier: AI And Robotics Company Raises $7.7 Million

By Amit Chowdhry ● Mar 8, 2024

Glacier—an AI and robotics company helping the recycling industry create a world without waste—announced it has raised $7.7 million in funding from NEA and Amazon’s Climate Pledge Fund, with additional participation from AlleyCorp, Overture Climate VC, and VSC Ventures.

MAI Capital Management Buying LWS Wealth Advisors: Details

By Amit Chowdhry ● Mar 8, 2024

MAI Capital Management (MAI) - a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families - announced the acquisition of LWS Wealth Advisors (LWS). The terms of the deal were undisclosed.

Tava Health: Mental Health Company Secures $20 Million

By Amit Chowdhry ● Mar 8, 2024

Mental health company Tava Health has completed a $20 million Series B funding round led by Catalyst Investors. And existing investors Peterson Partners, Toba Capital, SpringTide, and new investor Blue Heron Capital also participated in the funding round.

Serent Capital Promotes John Caselli And Dexter Hopen To Partner

By Amit Chowdhry ● Mar 8, 2024

Serent Capital (a growth-focused private equity firm that invests in founder-led B2B SaaS and technology companies) announced the promotions of John Caselli and Dexter Hopen to Partner, expanding the partnership to six members.

RTC Partners Investing In Marketing Agency COMM

By Amit Chowdhry ● Mar 8, 2024

RTC Partners (a growth-focused private equity firm) announced an investment in COMM (formerly CommCreative), a Boston-based marketing agency specializing in digital marketing strategy, demand generation, account-based marketing, and marketing technology solutions. And COMM joins four prior RTC investments - fama PR, Intelisent, MarketBridge, and Quarry – which partners with leading brands to accelerate growth across a spectrum of client marketing and sales initiatives.

Swoogo: Event Management Software Company Raises Funding From CIBC

By Amit Chowdhry ● Mar 8, 2024

CIBC Innovation Banking announced that it has provided growth financing to Swoogo, a leading provider of event management software for in person, digital and hybrid events. And Swoogo will use the funding to solidify their position and offering for enterprise event management, helping organizers run events at scale.

Sweet Security: Comprehensive Runtime Security Company Raises $33 Million

By Amit Chowdhry ● Mar 8, 2024

Sweet Security—a company that exited stealth six months ago—announced a $33 million Series A funding round. Evolution Equity Partners led the round, which was joined by Munich Re Ventures and Glilot Capital Partners.

Nalu Medical: $85 Million Raised To Develop Non-Pharmacologic Solutions For Chronic Neuropathic Pain

By Amit Chowdhry ● Mar 8, 2024

Nalu Medical - a private company focused on innovative, minimally invasive, and non-pharmacologic solutions for chronic neuropathic pain - announced the closing of an incremental $20 million in equity financing from new investor B Capital, bringing the total Series E round of equity investment to $85 million.

Stevenson Search Partners: Significant Investment Raised From SixSibs Capital

By Amit Chowdhry ● Mar 8, 2024

Stevenson Search Partners (a global life sciences executive search firm) announced that it received a significant long-term investment from SixSibs Capital (a Milwaukee-based family-owned private investment company) for advancing its expansion into a total talent solution company for the global life sciences market.

PayShepherd: Contractor Management Company Raises C$7 Million

By Amit Chowdhry ● Mar 8, 2024

PayShepherd - a contractor management solution for industrial sites - announced it had closed C$7 million in an oversubscribed round of Seed+ funding to expand its target markets across North America and enhance its platform with new capabilities.

BRKZ Raises $8 Million To Transform The Building Materials Industry

By Amit Chowdhry ● Mar 8, 2024

BRKZ—a company that helps connect construction businesses with building materials suppliers —announced it raised $8 million in funding. This funding round was co-led by 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures.

Jabali: $5 Million Closed To Build AI-Powered Game Engine

By Amit Chowdhry ● Mar 8, 2024

Jabali—an AI company advancing game engines and empowering visionary game designers and developers—announced it had raised a $5 million seed round led by BITKRAFT Ventures. Sapphire Sport, Sony Innovation Fund, Canonical Ventures, and angels from Amazon, Google AI, Open AI, and Pinterest also participated. The funding will be used to expand the Jabali team, sharpen proprietary models, and accelerate its product launch.

Theia Insights: $6.5 Million Raised To Build Foundational AI For Investment Community

By Amit Chowdhry ● Mar 8, 2024

Theia Insights—a deep tech startup founded by former Amazon Alexa scientist and solo entrepreneur Dr. Ye Tian—has raised $6.5 million. Unusual Ventures led the funding round, which included participation from Fidelity International Strategic Ventures and Clocktower Ventures, along with several strategic angels.

Enzzo: $3 Million Secured To Transform How Hardware Products Are Created

By Amit Chowdhry ● Mar 8, 2024

Enzzo—a company reimagining how hardware products are created by utilizing generative AI—announced that it raised a $3 million seed investment led by Unlock Venture Partners, with participation from PSL Ventures and the newly created Mayfield/Pioneer Square Labs AIStudio Fund. With this funding round, the company will expand its team and refining and building its platform.

Renovus Capital Partners: $325 Million Continuation Fund Closed

By Amit Chowdhry ● Mar 8, 2024

Renovus Capital Partners - a Philadelphia-area buyout firm focused on founder-owned businesses in the Knowledge & Talent industries - announced that it has closed its first multi-asset continuation fund of about $325 million. With the closing of the CV, Renovus has now raised over $1.5 billion of capital across multiple investment vehicles, marking a new milestone for the firm.

Global Millennial Capital: $20 Million Raised For Funding Early-Stage Ventures

By Amit Chowdhry ● Mar 8, 2024

Global Millennial Capital (GMCL) - a venture capital fund that utilizes a data-driven research approach for identifying investment white spaces in the global technology sector and reducing investment bias - announced the close of its first fund as part of an oversubscribed $20 million private placement round. Anchored by family offices within the Gulf region with participation from international investors, the fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.

Black Tech Nation Ventures Closes $50 Million Inaugural Fund For Lowering Barriers To Capital

By Amit Chowdhry ● Mar 8, 2024

Black Tech Nation Ventures (BTN.vc) - a Pittsburgh-based venture firm announced the closing of a $50 million inaugural fund. And BTN.vc invests in software startups led by founders from diverse backgrounds that have historically been overlooked by venture funding. The fund believes Black, Latinx, female, indigenous, and LGBTQ+ entrepreneurs have the potential to generate outsized returns within the venture industry.

Chamber: Cardiology Solution Company Raises $8 Million

By Amit Chowdhry ● Mar 7, 2024

Chamber Cardio - a technology-enabled cardiology solution - announced an $8 million seed round led by General Catalyst with support from existing investor AlleyCorp and participation from Company Ventures, American Family Ventures, and City Light. In an industry where the transition to value-based care is limited among cardiologists, Chamber has emerged as a dedicated partner that is uniquely positioned to support and collaborate with cardiology practices.

Betr: $15 Million Raised At $375 Million Valuation

By Amit Chowdhry ● Mar 7, 2024

Betr announced it had closed $15 million in strategic equity financing from a premier group of investors at a $375 million valuation. This brought the total funding to date to $100 million.

Yuno: Global Payments Orchestration Platform Raises $25 Million

By Amit Chowdhry ● Mar 7, 2024

Yuno (a leading global payments orchestration platform) announced it had secured $25 million from a consortium of prominent investors, including DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.

Claroty: Cyber-Physical Systems Protection Company Raises $100 Million

By Amit Chowdhry ● Mar 7, 2024

Cyber-physical systems protection company Claroty has secured $100 million in strategic growth financing. The participants include lead equity investor Delta-v Capital and AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank, a division of First Citizens Bank. With Claroty's existing $635 million in funding to date, this new funding further establishes the company's leadership position in the critical infrastructure cybersecurity market.

Capstack Technologies Raises Funding From Citi Ventures

By Amit Chowdhry ● Mar 7, 2024

Capstack Technologies - the first bank-to-bank marketplace designed to mitigate asset risk - announced it had raised a strategic investment from Citi Ventures, driving a significant milestone in its goal to transform banking technology.

Taalas: AI And Silicon Innovator Company Raises $50 Million

By Amit Chowdhry ● Mar 7, 2024

Taalas - an innovator in AI and silicon - announced that it had exited stealth mode and raised $50 million over two rounds of funding led by Pierre Lamond and Quiet Capital.

Shape Memory Medical: Endovascular Embolization Company Raises $38 Million

By Amit Chowdhry ● Mar 7, 2024

Shape Memory Medical - a developer of custom shape memory polymers for endovascular markets - announced that it has completed $38 million in Series C financing led by Earlybird Venture Capital and with the participation of new and existing investors, including HBM Healthcare Investments (Cayman) Ltd., WexMed II LLC, HBM-Medfocus, and Emergent Medical Partners II, L.P.

Synctera: Embedded Banking And Finance Company Raises $18.6 Million

By Amit Chowdhry ● Mar 7, 2024

Synctera - a leader in embedded banking and finance - announced that it has raised an $18.6 million extension to its 2021 Series A round, with Lightspeed and Fin Capital co-leading alongside participation from other previous investors NAventures and Diagram. And new investors include Banco Popular and Mana Ventures.

Phase Genomics: $1.5 Million Funding Raised From Bill & Melinda Gates Foundation

By Amit Chowdhry ● Mar 7, 2024

Phase Genomics - a leading innovator at the forefront of genomics technology development - announced $1.5 million in new funding from the Bill & Melinda Gates Foundation to fuel a new antimicrobial discovery platform. Utilizing the power of lysins, phage-derived proteins that selectively kill specific bacteria and archaea, the program addresses two immediate threats that will shape the next century: a growing global antibiotic resistance crisis and the challenge of reducing global greenhouse gas emissions.

StormFisher Hydrogen Raises $30 Million From ARC Financial

By Amit Chowdhry ● Mar 7, 2024

StormFisher Hydrogen (a low carbon fuel facility development company) announced it has secured a $30 million investment from ARC Financial. The funding round will be used to develop an existing pipeline of projects in the United States and Canada.