Venture Capital

Blueshift Raises $40 Million Growth Investment From Runway Growth Capital

By Annie Baker ● Jan 22, 2024

Runway Growth Capital LLC - a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity - recently announced a $40 million debt commitment to Blueshift. Blueshift helps brands automate and personalize engagement across every marketing channel, using a unique combination of Customer AI & Generative AI.

Act One Ventures: $73 Million Raised For Third Fund

By Amit Chowdhry ● Jan 22, 2024

Act One Ventures - an early-stage VC firm that created the Diversity Rider, has finished raising its third fund. With $73 million in committed capital, Act One more than tripled the $23 million raised for its second fund and brought its total assets under management (AUM) to $148 million.

Aramco Allocates $4 Billion For VC Arm Aramco Ventures

By Amit Chowdhry ● Jan 22, 2024

Aramco - one of the world's leading integrated energy and chemicals companies - recently allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. This will more than double the capital allotted to Aramco Ventures, increasing its total investment allocation from $3 billion to $7 billion.

CloudTalk: AI-Powered Voice Communication Company Raises $28 Million

By Annie Baker ● Jan 22, 2024

CloudTalk - a rapidly growing AI-powered calling solution - recently announced it raised a $28 million round, closing its Series B funding. The latest funding round, co-led by KPN Ventures and Lead Ventures and supported by existing investors Point Nine Capital, henQ, Presto Ventures, and Orbit Capital is a major step in CloudTalk's journey to transform business communication.

BankingON: Digital Banking Solutions Company Raises Series A Funding

By Noah Long ● Jan 22, 2024

BankingON - a leading provider of award-winning digital banking solutions - recently announced it raised its Series A funding round led by Eagle Venture Fund to launch Boucoup, a family finance mobile banking and interactive learning platform for credit unions.

Forta: $55 Million Raised To Improve Access To Quality Healthcare

By Amit Chowdhry ● Jan 22, 2024

Forta - an AI healthcare company improving access to dependable quality care - recently announced it has raised $55 million in Series A financing led by global software investor Insight Partners. Several leading technology and healthcare investors participated in the round, including Exor Ventures and Alumni Ventures and founders of 23&Me, Curative, Forward, Flexport, Warby Parker, Prelude Fertility, Harry's, and Allbirds.

Electra: Fast-Charging EV Network Company Raises €304 Million

By Amit Chowdhry ● Jan 22, 2024

Electra - a European fast-charging network for electric vehicles - recently announced fundraising of €304 million, entirely in equity, a record amount in the charging sector.

Vertice: Cloud Spend Management Platform Company Raises $25 Million

By Amit Chowdhry ● Jan 22, 2024

Vertice, a SaaS and cloud spend management platform, recently announced a $25 million Series B following a year of lightning-fast revenue growth. And the company has now raised a total of $51 million since January 2022, upping its valuation into the hundreds of millions. Vertice will use funding to fuel its pace of product innovation further and accelerate its worldwide expansion.

PredictAP: Invoice Ingestion And Coding Solution For Real Estate Accounts Payable Secures $8 Million

By Annie Baker ● Jan 22, 2024

PredictAP - a machine-learning-enabled invoice ingestion and coding solution for real estate accounts payable (AP) - recently announced the closing of its $8-million series A financing round.

Certis Oncology: $10 Million Raised To Combine AI-Directed Drug Development With Functional Testing

By Dan Anderson ● Jan 22, 2024

Certis Oncology Solutions - a precision oncology and translational science company focused on combining AI-directed drug development with advanced functional testing - recently announced that it raised $10 million in a Series C funding round, raising the total to $42 million.

Element Zero: Green Materials Platform Company Secures $10 Million

By Annie Baker ● Jan 22, 2024

Green materials platform company Element Zero recently announced that it has raised $10 million in seed funding led by Playground Global. The company developed a novel approach to cost-effectively convert metal ores like iron, nickel, and other future-facing materials to pure metals with zero carbon emissions.

Timeline: Longevity Biotech Company Raises $66 Million In Funding

By Amit Chowdhry ● Jan 22, 2024

Timeline - a consumer health biotech company at the forefront of developing innovative solutions for healthy aging and longevity - recently announced that it raised CHF 56 million ($66 million) in an oversubscribed Series D financing round. This marked a significant milestone for the company, including strategic investments from two global industry leaders, L’Oréal and Nestlé.

RocketStar: Rocket Propulsion Technology Company Raises $2 Million And Buys Miles Space

By Noah Long ● Jan 22, 2024

RocketStar - a frontrunner in transforming the boundaries of space exploration and satellite services - recently announced a series of achievements that enable the company to take advantage of the $10 billion space propulsion market. These achievements include securing a $2 million seed investment, acquiring Miles Space (a space propulsion and spacecraft manufacturer), and announcing a new member to its board of directors, Mitchel Simpler.

Lative: Sales Performance Automation Company Raises $3 Million

By Amit Chowdhry ● Jan 22, 2024

Lative - a leading sales performance, efficiency, and planning platform for high-performance B2B revenue and finance teams who want to automate their analysis and planning to maximize profitable sales growth and improve revenue efficiency - announced it has raised $3 million in seed funding. The company previously raised a $1.5 million pre-seed round at the beginning of 2022.

Lightship: All-Electric RV Company Closes $34 Million In Funding

By Noah Long ● Jan 22, 2024

Lightship - which is America's first all-electric RV company - recently announced the completion of a $34 million Series B financing to accelerate production of the Lightship L1. The funding round was co-led by Obvious Ventures and Prelude Ventures and joined by Allegis Capital and global RV manufacturer THOR Industries and its investment partner TechNexus Venture Collaborative. Returning investors Congruent Ventures, HyperGuap, and Alumni Ventures also joined the fundraise.

QDI Systems: €5 Million Raised To Transform The Medical Imaging Industry

By Amit Chowdhry ● Jan 22, 2024

QDI Systems - a deep technology company based in Groningen - recently announced its Series A funding of €5 million to scale up its revolutionary quantum dots technology for the medical sector and new markets. NOM, the Investment and Development Agency for the Northern Netherlands led this funding round. They were joined by the company's previous investors, Carduso Capital, RuG Ventures, and the renowned Nordic venture capital fund Maki.vc.

Cleveland Diagnostics: $75 Million Raised For Developing Early Cancer Detection Tests

By Amit Chowdhry ● Jan 22, 2024

Cleveland Diagnostics - a clinical-stage biotechnology company developing next-generation diagnostic tests for the early detection of cancers - announced the closing of over $75 million in growth capital financing. The funding was led by Novo Holdings, a leading global life sciences investor responsible for managing the assets of the Novo Nordisk Foundation, along with participation from existing investors and a credit facility from Symbiotic Capital. The financing will accelerate Cleveland Diagnostics’ commercial and corporate development goals.

CorriXR: Oncology-Focused Biotherapeutics Development Company Raises Funding

By Amit Chowdhry ● Jan 22, 2024

Cortado Ventures - a leading investment firm committed to supporting innovation and growth - announced a strategic investment in CorriXR Therapeutics, an oncology-focused biotherapeutics development company with a pioneering gene editing platform technology. And this investment solidifies Cortado's commitment to advancing cutting-edge medical solutions and supporting the development of groundbreaking treatments for cancer.

Vicarius: End-To-End Vulnerability Remediation Platform Company Raises $30 Million

By Amit Chowdhry ● Jan 22, 2024

Vicarius - the developers of vRx (the industry’s first fully autonomous end-to-end vulnerability remediation platform) announced a $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). And AllegisCyber Capital, AlleyCorp, and Strait all participated in the financing. The company’s total funding is now over $56 million.

Sway (Formerly Returnmates) Secures $19.5 Million In Funding

By Noah Long ● Jan 22, 2024

Sway (formerly Returnmates) is a technology company that enables customer-centric delivery and return experience. And the company rebranded to Sway, a name representative of the multi-directional services offered to retailers, expanding beyond returns to incorporate last-mile delivery.

Prismatic: Embedded Integration Platform Company Raises $22 Million

By Amit Chowdhry ● Jan 22, 2024

Prismatic - a leading embedded integration platform - recently announced $22 million in Series B funding to drive platform innovation. Five Elms Capital led the funding round, which is the growth equity firm's second investment in Prismatic in less than a year.

Uptake Alliance: Inaugural Cohort Of 15 Climate Tech Startups Announced

By Dan Anderson ● Jan 18, 2024

Uptake Alliance - an emerging venture development program focused on fostering breakthrough climate technologies - announced the selection of its inaugural startup cohort. The innovation program - which was designed to facilitate and propel startups to secure commercial agreements, boost revenue, assemble exceptional teams, and secure funding - launches later this month.

Build A Rocket Boy: Gaming Company Raises $110 Million In Series D

By Dan Anderson ● Jan 18, 2024

Build A Rocket Boy - a leading independent gaming and entertainment company - recently announced closing on a Series D fundraising round worth over $110 million.

Sayari: Supply Chain Risk Intelligence Provider Company Raises $228 Million

By Amit Chowdhry ● Jan 18, 2024

Sayari - a counterparty and supply chain risk intelligence provider trusted by government agencies, multinational corporations, and financial institutions - and TPG (a global alternative asset management firm) announced that they have signed a definitive agreement for TPG Growth - which is the firm’s middle market and growth equity platform - to make an up to $228 million strategic majority investment in Sayari. Sayari’s founders, employees, and existing investors will retain a significant stake in the company.

Zip Closes $225 Million Debt Facility With Victory Park Capital

By Annie Baker ● Jan 18, 2024

Victory Park Capital (VPC) - a global alternative investment firm specializing in private credit - recently announced that it has closed a refinancing agreement for a US$225 million debt facility with Zip Co Limited, a global leader in the digital retail finance and payments industries. The deal will support the growth of Zip’s US receivables.

Kusari: $8 Million Secured To Bring Security To The Software Supply Chain

By Amit Chowdhry ● Jan 18, 2024

Kusari - a software supply chain security startup - recently announced it raised $8 million through combined investments in pre-seed and seed round funding. The seed funding round was led by J2 Ventures and co-led by Glasswing Ventures with participation from Unusual Ventures, which previously invested $2 million in pre-seed funding.

TrusTrace: $24 Million Raised To Advance Product Traceability And Compliance Platform

By Amit Chowdhry ● Jan 18, 2024

TrusTrace - a global SaaS company with a market-leading platform for product traceability and compliance - announced today the completion of a (U.S.) $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

Gates Foundation: $8.6 Billion Budget For 2024 Announced

By Amit Chowdhry ● Jan 17, 2024

The Bill & Melinda Gates Foundation announced its largest annual budget to date as it works toward a healthier and more prosperous world. These are the details.

Northvolt: $5 Billion Raised For Circular Gigafactory

By Amit Chowdhry ● Jan 17, 2024

Northvolt recently announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. This deal represents the largest green loan raised in Europe to date.

Quantinuum: $300 Million Raised At $5 Billion Pre-Money Valuation

By Amit Chowdhry ● Jan 17, 2024

Honeywell has announced the closing of a $300 million equity fundraise for Quantinuum (the world's leading integrated quantum computing company) at a pre-money valuation of $5 billion. The funding round was anchored by Quantinuum's strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell - which remains as the company's majority shareholder.