Venture Capital

ValidMind: AI And Model Risk Management Platform Raises $8.1 Million

By Amit Chowdhry ● Mar 28, 2024

ValidMind, a leading next-generation AI and model risk management platform for financial services, announced it had raised $8.1 million in a seed funding round led by Point72 Ventures. Third Prime, New York Life Ventures, AI Fund, Notion Capital, FJ Labs, Angel Invest, and Gaingels also participated.

Sertis: Insurance-Focused Managing General Agency Raises $3.2 Million

By Amit Chowdhry ● Mar 28, 2024

Sertis - a managing general agency (MGA) focused on the insurance industry – announced it has successfully completed an oversubscribed $3.2 million seed funding round. JLL Spark Global Ventures (the venture capital arm of JLL) led the investment. Ajey Kaushal, an investor at JLL Spark, joins Sertis' board in connection with the investment.

EVOLOH: $20 Million Secured To Develop Electrolyzer Stacks For Hydrogen Production

By Amit Chowdhry ● Mar 28, 2024

EVOLOH, a cleantech company that develops electrolyzer stacks for hydrogen production, announced it had raised an oversubscribed $20 million Series A round led by Engine Ventures. Additional participating investors include a subsidiary of NextEra Energy Resources and 3M Ventures.

SecondWave Systems: Bio-Ultrasonic Medicine Company Raises $3 Million

By Amit Chowdhry ● Mar 28, 2024

SecondWave Systems has made a couple of major announcements. SecondWave Systems has welcomed Professor Paul Peter Tak as the inaugural member of its newly established advisory board. And SecondWave also announced that it has secured $3 million of additional funding from the Advanced Research Projects Agency for Health (ARPA-H) in partnership with the Defense Advanced Research Projects Agency (DARPA), bringing the total non-dilutive funding from U.S. government agencies to $15.3 million.

Blackstone Investing Up To $750 Million In Moderna

By Amit Chowdhry ● Mar 28, 2024

Blackstone Life Sciences (BXLS) announced it will fund up to $750 million of Moderna’s research to develop a flu vaccine in exchange for royalties, assuming this program achieves certain milestones.

Nominal: $9.2 Million Raised To Bridge The Gap Between Costly ERP Systems

By Amit Chowdhry ● Mar 28, 2024

Nominal is a company tapping into generative AI to bridge the gap between outdated and costly ERP systems and the financial management needs of modern mid-market and multi-entity businesses. The company launched this week with $9.2 million in seed funding from Bling Capital and Hyperwise Ventures, with participation from Vela Partners, Incubate Fund, and executives at companies like Bill.com, Salesforce, Justworks, ServiceNow, and Intel.

PipeDreams: Home Services Provider Company Raises $25.5 Million

By Amit Chowdhry ● Mar 28, 2024

PipeDreams, a tech-enabled home services provider, announced $25.5 million in Series A funding led by Canvas Ventures and Plural. Angel investors include Tony Xu (the founder of DoorDash), Thomas Layton (the founder of CitySearch, former CEO of OpenTable, and Chairman of UpWork), and Allison Pickens (former COO at Gainsight). With this funding round, the company has raised $39 million total.