Venture Capital

Shield AI: Aircraft AI Pilot Company Expands Series F Funding Round To $500 Million

By Amit Chowdhry ● Jan 3, 2024

Shield AI - a defense technology company building the best AI pilot for aircraft - recently announced the expansion of their Series F funding round to $500 million. An additional $100 million in equity, raised at the Series F price, and $200 million in debt from Hercules Capital were added to the initial $200 million in equity closed in November.

Heranova Lifesciences: $13.5 Million Raised To Develop Women’s Health Solutions

By Annie Baker ● Jan 3, 2024

Heranova Lifesciences Holding Ltd. recently announced the successful completion of a $13.5 million seed and seed+ financing to develop and offer integrated Women's Health solutions worldwide. This funding round will be used to launch a series of non-invasive endometriosis tests and advance two innovative (non-hormonal and non-antibiotic) therapeutic programs for endometriosis and bacterial vaginosis.

ImmunityBio: Up To $320 Million Investment Being Provided By Oberland Capital

By Amit Chowdhry ● Jan 2, 2024

ImmunityBio - a clinical-stage immunotherapy company- announced today an up to $320 million royalty financing and equity investment in the company by Oberland Capital, with $210 million of gross proceeds received at closing on December 29, 2023. The additional investment provides significant financial resources for the company to accelerate its commercialization efforts in anticipation of a potential regulatory approval and expand its pipeline within the broader urological cancer space. The proceeds will also fund ongoing business operations and clinical trials expanding N-803 (Anktiva) indications into multiple solid tumors.

UltiHash: Sustainable Data Storage Solution Company Raises $2.5 Million

By Amit Chowdhry ● Jan 2, 2024

UltiHash - the first high-performance and sustainable data storage solution - recently announced it has raised $2.5 million in pre-seed funding. This funding round was led by Inventure, with participation from PreSeedVentures, Tiny VC, Futuristic VC, The Nordic Web, Antti Karjalainen (founder of Robocorp and angel scout for Sequoia Capital), and other private investors. UltiHash joined a market where data growth is skyrocketing, and the environment is being taxed for the fuel. Digital data generates a lot of carbon emissions. This rising tide of data will lift the boats with the data storage to facilitate high-performance applications like process optimization and product development.

Red Cell Partners: $91 Million Closed For Incubation Fund

By Amit Chowdhry ● Jan 2, 2024

Red Cell Partners - a McLean, VA-based incubation firm building rapidly scalable technology-led companies that are bringing advancements to market in healthcare and national security - recently announced the closing of $91 million in new capital for a new incubation fund, RCIF I. This new fund allows the firm to back incubations, raising early-stage rounds.

Devoted Health: $175 Million To Improve Medical Care For Older Americans

By Amit Chowdhry ● Jan 1, 2024

Devoted Health - an all-in-one healthcare company for Medicare beneficiaries, delivering health insurance, virtual-first medical care, and sophisticated service experience - recently announced that it has closed on $175 million of Series E funding.

Crescenta: Spain-Based Investment Service Management Raises €3.5 Million

By Amit Chowdhry ● Jan 1, 2024

Crescenta - Spain’s first digital fund manager for private equity investment - recently announced that it expanded its pre-seed financing round with €2 million in addition to the €1.5 million announced last July. This funding brings the total amount of the round to €3.5 million, which makes it Spain’s largest pre-seed round in the fintech sector.

Pluristyx: Funding Round Raised To Boost Cell Therapy

By Dan Anderson ● Dec 29, 2023

Pluristyx - a leading provider of tools, technologies and services for the development of cell therapies - recently announced the closing of a major fundraising round led by BroadOak Capital Partners. The oversubscribed funding round featured participation from existing investors and key opinion leaders across the life sciences industry.

PaintJet: Robotics Company Closes $10 Million To Bring Automation To Industrial Painting

By Noah Long ● Dec 29, 2023

PaintJet - the robotics company bringing automation to industrial painting - recently announced it has raised $10 million in Series A funding to bring critical automation technology to the construction industry and address widespread labor shortages. And the latest funding round was led by Outsiders Fund with participation from 53 Stations, Dynamo, Pathbreaker Ventures, MetaProp and VSC Ventures. This brings PaintJet’s total funding to $14.75 million.

ElastiFlow: Network Observability Solutions Company Secures $3 Million

By Dan Anderson ● Dec 29, 2023

ElastiFlow - a leading provider of network observability solutions - recently announced the successful completion of a $3 million seed funding round led by Venture Guides. This investment will fuel the ElastiFlow mission to redefine the landscape of network observability and accelerate the company's growth.

Salt Labs: Loyalty/Financial Tech Company Raises $8 Million From Third Prime

By Annie Baker ● Dec 29, 2023

Salt Labs - a loyalty and financial technology company that bridges the gap between employers and employees - recently announced Third Prime has invested $8 million in the company.

Hyperlink Ventures: $32 Million Debut Fund Launches To Invest In Next-Gen B2B Companies

By Amit Chowdhry ● Dec 29, 2023

Hyperlink Ventures - a new venture capital firm founded earlier this year and managed by three up-and-coming partners, Eli Cole, Sarosh Adi, and Piran Adi - recently announced closing its oversubscribed first fund at $32 million. The new fund will invest primarily in Series A and Series B stage companies, focusing on technology breakthroughs that help the world’s largest corporations and industries increase productivity through software.

PolicyMap: Geographic Data And Analytics Platform Closes $3 Million

By Dan Anderson ● Dec 29, 2023

PolicyMap - a leading geographic data and analytics company - recently announced the closing of a $ 3 million Series A financing round led by existing investor Reinvestment Fund and joined by Ben Franklin Technology Partners, Spring Point Partners, PolicyMap Board Members, Employees, and Friends and Family.

Axelspace: Microsatellite Company Raises $44 Million

By Annie Baker ● Dec 29, 2023

Axelspace Holdings recently announced that the company completed its Series D funding round, raising approximately JPY 6.24 billion (equivalent to $44 million). This funding round sees the allocation of new shares to SMBC-GB Growth I Investment Limited Partnership, several venture capital firms, and corporate investors. This funding round brings the cumulative amount of equity financing to approximately JPY 14.3 billion.

Pattern Energy: $11 Billion In Financing Closed For Largest Clean Energy Infrastructure Project In U.S. History

By Amit Chowdhry ● Dec 29, 2023

Pattern Energy Group LP - a leader in renewable energy and transmission infrastructure - recently announced that it has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, the largest clean energy infrastructure project in U.S. history.

Main Street Capital Invests $43.2 Million In Pinnacle Topco

By Annie Baker ● Dec 29, 2023

Main Street Capital Corporation recently announced that it recently completed a new portfolio investment totaling $43.2 million to facilitate the recapitalization of Pinnacle Plastics, Inc. and Integrity Plastics, Inc. (known as Pinnacle together), a manufacturer and distributor of commercial can liners, polyethylene bags, produce bags, and other adjacent products for use predominantly in the quick-service restaurant, convenience store, and janitorial services industries.

Base Operations: Global Threat Intelligence Company Raises $9.1 Million

By Dan Anderson ● Dec 28, 2023

Base Operations – a leader in SaaS-based global threat intelligence for physical security – recently announced the successful closing of a $9.1 million Series A led by Grotech Ventures and Spero Ventures with notable contributions from Vela Partners, Good Growth Capital, Mindset Ventures, Alliance Holdings, and Gaingels.

Cart.com Raises $30 Million In Growth Capital From Trinity

By Amit Chowdhry ● Dec 28, 2023

Trinity Capital - a leading provider of diversified financial solutions to growth-stage companies – recently announced the commitment of $30 million in growth capital to Cart.com, a provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere.

Lyndra Therapeutics: Clinical-Stage Biopharmaceutical Company Closes $101 Million

By Annie Baker ● Dec 28, 2023

Lyndra Therapeutics - a clinical-stage biopharmaceutical company – recently announced the closing of a $101 million Series E financing round. The proceeds of the funding round, led by Sarissa Capital and including Sun Pharmaceutical Industries Limited and Polaris Partners, will support the development of Lyndra’s pipeline, including oral weekly risperidone (LYN-005), which is near completion of a pivotal phase 3 study.

web3mine: Web3 Tool Company Raises $6 Million

By Annie Baker ● Dec 26, 2023

web3mine - an open-source innovation lab building Web3 tools that help humanity transition to community-owned and -governed internet infrastructure – recently announced its emergence from stealth mode following a successful $6 million seed funding round. This funding round was led by 1kx, a leading Web3 investor and also included Protocol Labs and a community of angel investors.

rabbit: $10 Million Secured To Build The Future Of Human-Machine Interface

By Amit Chowdhry ● Dec 26, 2023

rabbit - an AI startup building the future of human-machine interface – recently announced that it has raised a $10 million Series A round led by existing investor Khosla Ventures, bringing the total funding to $30 million.

Unnatural Products: $32 Million Raised To Develop Next-Gen Molecularly Targeted Therapeutics

By Annie Baker ● Dec 26, 2023

Unnatural Products - a biotech company pairing AI with chemistry to usher in the next generation of molecularly targeted therapeutics – recently announced $32 million in Series A funding, led by Merck Global Health Innovation Fund (MGHIF) and TechBio-focused ARTIS Ventures. And other new investors include First Spark Ventures, The Venture Collective, Humain Ventures, LongeVC, and Not Boring Capital, along with participation from existing investors.

Luna: $50 Million Strategic Investment Received From White Hat Capital

By Noah Long ● Dec 25, 2023

Luna Innovations - a global leader in advanced fiber optic-based technology – recently announced a $50 million investment by White Hat Capital Partners, an investment firm focused on sustainable value creation in technology companies serving mission-critical applications.

Vestwell: Employer And Individual Savings Platform Company Raises $125 Million

By Amit Chowdhry ● Dec 25, 2023

Vestwell – a leading employer and individual savings platform – recently announced it raised its Series D round, totaling $125 million. Lightspeed Venture Partners led the funding round. And existing investors Fin Capital, Primary Venture Partners, FinTech Collective, and newcomers Blue Owl and HarbourVest also participated.

TrustedHousesitters: $100 Million Valuation Following Management Buyout

By Amit Chowdhry ● Dec 25, 2023

Mayfair Equity Partners is backing a management buyout of TrustedHousesitters, a category-defining, subscription-based pet-sitting and travel community. Mayfair and the management team will hold a majority stake in the business. Rockpool will exit its stake in TrustedHousesitters and reinvest alongside Mayfair. The transaction values the business at over $100 million. The additional deal terms were undisclosed.

J.C. Flowers: $125 Million Equity Investment In Capital Funding Bancorp Completed

By Dan Anderson ● Dec 25, 2023

J.C. Flowers & Co. LLC - a leading private investment firm dedicated to investing globally in the financial services industry – recently announced it has closed its investment with Capital Funding Bancorp, Inc., the holding company for CFG Bank, a top-performing Baltimore-based bank providing financing and banking solutions to the national healthcare and multifamily industries.

IntelliBoard Raises Funding From Advantage Capital And Connecticut Innovations

By Annie Baker ● Dec 25, 2023

IntelliBoard - a leading learning analytics provider – recently announced the completion of a financing round led by Advantage Capital (a new investor) and an existing investor, Connecticut Innovations (CI). This new funding round will be invested in the future market growth and innovation of IntelliBoard's leading Learning Analytics platform.

GreyOrange: AI-Driven Fulfillment Automation Company Raises $135 Million

By Annie Baker ● Dec 25, 2023

GreyOrange - a leader in AI-driven fulfillment automation – recently announced the first close of its Series D funding, securing $135 million. This funding, led by Anthelion Capital (formerly Cowen Sustainable Investments), reinforces GreyOrange’s innovative approach to transforming warehouse and retail store operations through a hardware-agnostic software platform and a dynamic range of certified robotic and sensing technologies.

Atavistik Bio: $40 Million Raised To Discover Next-Gen Precision Allosteric Therapeutics

By Annie Baker ● Dec 24, 2023

Atavistik Bio - a biotechnology company discovering the next generation of precision allosteric therapeutics inspired by the body’s natural regulators – recently announced that it had raised an additional $40 million to advance its lead precision allosteric small molecule therapeutics in oncology into the clinic and to advance its earlier stage pipeline. The funding included existing investors, including The Column Group, Lux Capital, and Nextech Invest, Ltd. Since launching in August 2021, Atavistik Bio has raised $100 million in aggregate.

knownwell: $20 Million Secured To Scale Weight-Inclusive Primary Care Platform

By Annie Baker ● Dec 22, 2023

knownwell - an in-person and virtual, weight-inclusive primary care and metabolic health company – recently announced that it has raised a $20 million Series A funding round led by A16Z with participation from existing investors, including Flare Capital Partners.