Venture Capital

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.

NewLeaf Symbiotics: Pink-Pigmented Facultative Methylotrophs Company Raises $45 Million

By Annie Baker ● Dec 22, 2023

NewLeaf Symbiotics - a global leader and pioneer of pink-pigmented facultative methylotrophs (PPFMs) – recently announced the fully funded close of its series D financing round, totaling $45 million. This funding round was led by new investor Gullspång Re:food and followed by Otter Capital Partners LP, S2G Ventures, Leaps by Bayer and others.

Sabanci Renewables: Advantage Capital Commits $185 Million Investment For Cutlass Solar II Project

By Amit Chowdhry ● Dec 21, 2023

Advantage Capital (a leading impact investment firm) recently announced that it has committed to providing a $185 million investment to Sabanci Renewables, a North American subsidiary of Sabanci Holding, to complete the financing of its Cutlass Solar II project.

Redactable: $5.5 Million Raised To Advance App For Redacting Sensitive Documents Quickly

By Amit Chowdhry ● Dec 21, 2023

Redactable - an AI-driven web application built to redact sensitive documents quickly and permanently – recently announced that it has raised $5.5 million in seed funding led by Gradient Ventures (Google's AI-focused venture fund) with participation from Wocstar Fund, existing pre-seed investors, and notable angel investors.

Prevu: Homebuying Platform Company Closes $6 Million In Funding

By Noah Long ● Dec 21, 2023

Prevu – a leading savings-oriented homebuying platform in the US – recently announced its Series A funding round of $6 million. The company welcomed new investors Citi, RiverPark Ventures, Metropolis Ventures, Simplex Ventures, Winklevoss Capital, Liebenthal Ventures, and shares the appreciation for the continued support and participation in the round from its existing investors.

Pivotal Life Sciences: bioVenture Partners Fund II Closes At $389 Million

By Amit Chowdhry ● Dec 21, 2023

Pivotal Life Sciences - a global investment firm dedicated to investing in companies involved in healthcare innovation seeking to improve patient outcomes - recently announced the final close of Pivotal bioVenture Partners Fund II with $389 million in capital commitments.

Lingrove: Composite Materials Company Secures $10 Million

By Annie Baker ● Dec 21, 2023

Lingrove - a pioneer in composite materials that uses patented technology to transform fast-growing plants into surfaces and panels for the built environment and beyond – recently announced an oversubscribed Series B round of funding led by Lewis & Clark Agrifood and Diamond Edge Ventures, with participation from Bunge Ventures and SOSV. This funding round enables Lingrove to ramp up production of ekoa, a natural, durable, and carbon-negative alternative to conventional materials used in construction.

Exiger Receives Investment From Carlyle And Insight Partners

By Noah Long ● Dec 21, 2023

Exiger – a market-leading SaaS company revolutionizing how corporations, government agencies, and banks manage supply chains - recently announced that it has entered into a definitive agreement to receive a majority investment from funds managed by Carlyle and Insight Partners.

Lightmatter: Photonics Leader Company Raises $155 Million At $1.2 Billion Valuation

By Amit Chowdhry ● Dec 21, 2023

Lightmatter, a leader in photonics, recently announced it has raised a $155M Series C-2 led by GV (Google Ventures) and Viking Global Investors, with participation from others. With this funding round, Lightmatter has raised over $420 million and is now valued at over $1.2 billion.

Whole Chart Analysis Platform Company KAID Health Raises New Funding

By Dan Anderson ● Dec 21, 2023

KAID Health - the makers of the AI-enabled Whole Chart Analysis platform – recently announced significant new funding from Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, Brandon Hull, and KAID Health's Board of Directors. This latest funding brings KAID Health's total capital raised to $9 million.

Lassen Therapeutics: $85 Million Raised To Develop Fibro-Inflammatory Disease Treatments

By Amit Chowdhry ● Dec 21, 2023

Lassen Therapeutics - a clinical-stage biotech company developing first-in-class antibody therapeutics LASN01 targeting interleukin-11 receptor (IL-11R) as a potential treatment for fibro-inflammatory diseases like TED and IPF, and a highly potent, first-in-class monoclonal antibody, LASN500, targeting the interleukin-18 binding protein (IL-18BP) as a potential treatment for cancer – recently announced the closing of an oversubscribed Series B financing which raised $85 million.

ImpriMed: Precision Medicine Company Secures $23 Million To Improve Cancer Treatment

By Amit Chowdhry ● Dec 21, 2023

ImpriMed - a leading precision medicine startup focused on utilizing AI to improve cancer treatment, recently announced the close of a $23 million Series A funding round, led by SBVA. And HRZ Han River Partners, SK Telecom, KDB Silicon Valley, Ignite Innovation Fund, Samyang Chemical Group, Murex Partners, and Byucksan also participated in this round.

Halcyon: $40 Million Secured To Defeat Ransomware

By Amit Chowdhry ● Dec 21, 2023

Halcyon – a leading platform designed from day one to defeat ransomware – recently announced it has closed a $40M Series B funding round led by Bain Capital Ventures (BCV). And the company also announced that BCV Partner and former Symantec CEO Enrique Salem will join the Board of Directors, and BCV Partner Jeff Williams will join as Chief Revenue Officer.

Employer Direct Healthcare (EDH): $92 Million Investment And $1 Billion Valuation

By Amit Chowdhry ● Dec 21, 2023

Employer Direct Healthcare (EDH) - a leading specialty healthcare network solution – recently announced a $92 million secondary investment from global software investor Insight Partners, bringing the company's valuation to $1 billion.

SimSpace: Military-Grade Cybersecurity Company Raises $45 Million

By Annie Baker ● Dec 21, 2023

SimSpace, a US-based market leader in military-grade cybersecurity, announced recently that it has closed a $45 million equity raise led by L2 Point Management, a private investment firm specializing in flexible capital solutions for growth companies. This funding round brings the total capital raised by SimSpace over the past year to $70 million and will support the company's continued growth trajectory, including its expansion into new geographies.

Calyxo: $50 Million Raised To Develop Treatment Solutions For Patients With Kidney Stones

By Annie Baker ● Dec 20, 2023

Calyxo - a medical device company developing next-generation treatment solutions for patients with kidney stones - recently announced the closing of a $50 million Series D financing round led by Avidity Partners with significant participation from existing investors Questa Capital and CRG.

DataCebo: $8.5 Million Secured To Transform Developer Productivity

By Noah Long ● Dec 20, 2023

DataCebo recently announced that it has raised $8.5 million in seed funding co-led by Link Ventures and Zetta Venture Partners. And Uncorrelated Ventures also participated. The company plans to use the funding to advance its product and to build a go-to-market team.

Fourth Power: Utility-Scale Thermal Battery Solutions Company Closes $19 Million

By Annie Baker ● Dec 20, 2023

Fourth Power recently announced that it received $19 million in Series A funding to scale its cost-effective groundbreaking thermal battery technology. This investment round was led by the venture capital firm DCVC, with participation from Breakthrough Energy Ventures (BEV) and Black Venture Capital Consortium. Along with helping scale the company’s thermal energy storage solution - which can store energy for both short- and long-term durations to be put back on the grid as electricity, the investment will initiate the construction of a 1 MWh-e prototype facility outside Boston, with a 2026 anticipated completion date.

Essential AI: $56.5 Million Raised To Enhance Automation

By Amit Chowdhry ● Dec 20, 2023

Essential AI recently announced it has raised a $56.5 million Series A funding round led by March Capital including participation from AMD, Franklin Venture Partners, Google, KB Investment, NVIDIA, and Thrive Capital. The company previously raised an $8.3 million seed funding round led by Thrive Capital, with participation from investors Amjad Masad, Brad Gerstner, Conviction, Elad Gil, Francis D'Souza, David H. Patraeus, Gustavo Sapoznik, Jamie Montgomery, and Mei Zuo for a total of nearly $65 million in funding to date.

Dimensional Energy: Carbon Utilization Company Closes $20 Million In Funding

By Amit Chowdhry ● Dec 20, 2023

Dimensional Energy - a global leader in cutting-edge carbon utilization technology Sustainable Aviation Fuel (SAF) production and advanced carbon emissions-derived fuels and materials – recently announced the successful closure of a $20 million Series A funding round. The climate tech company also announces their filing of the Delaware Public Benefit Corporation Charter, the first step in becoming a certified B Corporation.

Salvador Technologies: Cyber-Attack Recovery Platform Company Raises $6 Million

By Noah Long ● Dec 20, 2023

Salvador Technologies – a pioneering cyber-attack recovery platform provider for critical infrastructures and industrial organizations – recently announced that it has secured $6m in funding. And Salvador Technologies' investment round was led by Pico Venture Partners, with participation from existing investors such as Pitango VC and Sarona Partners, who continue to play an essential role in shaping the company.

KOHO: Fintech Company Closes C$86 Million In Funding

By Amit Chowdhry ● Dec 20, 2023

KOHO Financial - a leading Canadian fintech company – recently announced it successfully raised an additional $86 million in a series D extension at an $800 million valuation. The new and existing KOHO investors provided the capital, including Drive Capital, Eldridge Industries, HOOPP, Portage, Round13, BDC, and TTV.