Venture Capital

EndoQuest Robotics: Endoluminal Robotic Technologies Company Raises $42 Million

By Amit Chowdhry ● Dec 16, 2023

EndoQuest Robotics - a privately-held medical device company and pioneering leader in developing innovative endoluminal robotic technologies - recently announced the successful closure of a $42 million C-1 preferred financing round. This strategic funding round will fuel the advancement of its groundbreaking flexible endoluminal robot aimed at transforming minimally invasive procedures.

Zuper: $32 Million Secured To Help Companies Scale Field Operations

By Amit Chowdhry ● Dec 15, 2023

Zuper - a leading solutions provider to scale and modernize fast-growing businesses with field operations - recently announced it closed a $32 million Series B funding round led by FUSE and participation from Prime Ventures and other existing partners. This investment follows an 8X growth in the past couple of years, fueled by outsized demand for Zuper's platform that empowers businesses with field operations to automate workflows, enable workforce collaboration, and deliver their customers with the best possible experience.

energyRe: $1.2 Billion Raised To Accelerate Clean Energy Transition

By Amit Chowdhry ● Dec 15, 2023

energyRe - an independent U.S. clean energy developer - recently announced that it has raised a $1.2 billion capital package to support the expansion of its large-scale renewable energy portfolio comprising utility-scale transmission and storage, onshore wind and solar generation, and offshore wind. And energyRe will utilize these strategic investments to advance its mission of decarbonizing American cities with abundant, affordable, clean power and modern, well-connected electric grids.

Rypplzz: Geo-Location Platform Company Raises $3 Million

By Amit Chowdhry ● Dec 15, 2023

Rypplzz - the creators of Interlife, a multi-patented geo-location platform - recently announced that it has raised $3 million in seed funding, led by sports technology investment firm KB Partners, with participation from Triptyq Capital. This funding round brings the company’s total capital raised to $6.8 million.

EnCharge AI: $22.6 Million Raised To Develop Advanced AI Chips And Full Stack Solutions

By Annie Baker ● Dec 14, 2023

EnCharge AI - a company developing advanced AI chips and full stack solutions - recently announced it has closed a second institutional round of funding from strategic partners, including VentureTech Alliance, RTX Ventures, and ACVC Partners, with participation from existing investors such as Anzu Partners, AlleyCorp, Scout VC, Silicon Catalyst Angels, and S5V. This funding round

Verve Motion: Harvard University Spinout / Industrial Safety Company Spinout Raises $20 Million

By Amit Chowdhry ● Dec 14, 2023

Verve Motion (a Harvard University spinout) recently announced it has reached a significant milestone by securing $20 million in Series B funding. This funding round brought the company's total to over $40 million. This marks a major step in the company's rapid expansion and the widespread adoption of its innovative industrial-use connected wearable technology SafeLift exosuit.

TechMet: Over $1 Billion Valuation With New $50 Million Commitment From DFC

By Amit Chowdhry ● Dec 14, 2023

TechMet - a global critical minerals investment company - recently announced it has secured a further $50 million commitment from the U.S. International Development Finance Corporation (DFC) as part of its latest fundraising round. The additional commitment from the U.S. Government’s development finance institution arrives at a time when TechMet opened a new $300 million equity funding round. Now the company has a value of over $1 billion.

Origin AI: WiFi Sensing Technology Company Secures $15.9 Million

By Noah Long ● Dec 14, 2023

Origin AI - a pioneering force in WiFi Sensing technology - recently announced the successful close of its latest $15.9 million Series B extension round. With Verisure at the forefront as the lead investor, the company secured significant capital to accelerate its growth, expand its product portfolio, and bolster its support for customer deliveries.

True Anomaly: $100 Million Secured To Develop Advanced Systems For Space Security

By Amit Chowdhry ● Dec 14, 2023

True Anomaly - a technology company developing advanced hardware and software systems to ensure the sustainable security of space - recently announced it has closed a $100 million Series B equity raise. The funding round was led by Riot Ventures with participation from Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures, and FiveNine Ventures. And this funding round enables continued investment in people, products, and services to advance True Anomaly's mission further.

Shinobi Therapeutics: $51 Million Raised To Develop New Class Of Immune Evasive iPS-T Cell Therapies

By Amit Chowdhry ● Dec 14, 2023

Shinobi Therapeutics - a biotechnology company developing a new class of immune evasive iPS-T cell therapies - recently announced that it has closed a $51 million Series A financing. The oversubscribed funding round was led by EQT Life Sciences, F-Prime Capital, and Eight Roads Ventures Japan, with participation from Astellas Venture Management, Fast Track Initiative (FTI), JIC Venture Growth Investments, and D3 LLC.

Cytonus Therapeutics: $11.7 Million In Raised To Advance Cargocyte Drug Delivery Platform

By Dan Anderson ● Dec 14, 2023

Cytonus Therapeutics - a U.S.-based biotechnology company discovering and advancing novel medicines enabled by its proprietary Cargocyte Drug Delivery Platform - recently announced the initial closing of its $11.7 million Series A preferred financing.

Eligo Bioscience: Gene-Editing Company Raises $30 Million

By Annie Baker ● Dec 14, 2023

Eligo Bioscience - a pioneering gene-editing company focused on addressing diseases driven by the expression of bacterial genes from the microbiome - recently announced a successful $30 million Series B funding round led by Sanofi Ventures. This funding round, supported by new investor Bpifrance (through its InnoBio 2 fund) and existing backers Khosla Ventures and Seventure Partners (with Health For Life Capital), propels Eligo towards becoming a clinical-stage biotech. Concurrent with this financing, Laia Crespo, Ph.D., Partner at Sanofi Ventures and Benoit Barteau, Investment Director at Bpifrance will join the board of directors.

Center: $30 Million Secured To Modernize Expense Management

By Amit Chowdhry ● Dec 13, 2023

Center - a software company modernizing expense management - recently announced a $30million Series C funding round. The funding round from the Series C round will be used to accelerate innovation, broaden distribution, and drive to profitability. The round comes on the heels of Center's integrated travel and expense launch, reinforcing the company's mission to transform spend management with a card-first approach, usage-based pricing model, and expanded product offerings.

ArmorCode: Application Security Posture Management Company Raises $40 Million

By Amit Chowdhry ● Dec 13, 2023

ArmorCode - a leader in Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM) - recently announced it closed a pre-emptive $40 million Series B round to advance its mission of helping companies ship secure software fast and at scale. HighlandX led the round, and they were joined by NGP Capital, along with participation from existing investors Ballistic Ventures, Sierra Ventures, and Cervin Ventures.

Enerpoly: Zinc-Ion Battery Company Secures $8.4 Million

By Amit Chowdhry ● Dec 13, 2023

Enerpoly - a zinc-ion battery innovator - was recently awarded an $8.4 million / 88.5M SEK three-year grant from the Swedish Energy Agency, enabling the Stockholm company to demonstrate their patented technology with the world's first megafactory to manufacture zinc-ion batteries. And this grant marks the first step towards financing the production plant, and Enerpoly will raise additional private capital through a Series A funding round.

Gecko Robotics: Series C Extended To $173 Million

By Amit Chowdhry ● Dec 13, 2023

Gecko Robotics - an industry leader in using AI-powered software and advanced robotics to maintain and build the world’s most important physical infrastructure - recently announced an extension of its Series C funding round, bringing the total Series C raise to $173 million.

Xeol: Cybersecurity Company Raises $3.2 Million

By Annie Baker ● Dec 13, 2023

Xeol - a New York City-based cybersecurity company - recently announced that it raised $3.2 million in Seed funding led by Shield Capital with Y Combinator and 468 Capital also participating.

Certainly Health: Medical And Cosmetic Booking Marketplace Raises $2.3 Million

By Amit Chowdhry ● Dec 13, 2023

Certainly Health - a healthcare marketplace for booking medical and cosmetic care with upfront prices - announced today that it has received $2.3 million in funding led by Pacific 8 Ventures, Y-Combinator, and other institutional and angel investors. The new funding round will be used to expand the team and improve the company’s product.

Syrup: AI-Powered Planning And Inventory Optimization Company Secures $17.5 Million

By Annie Baker ● Dec 12, 2023

Syrup - a company that provides AI-powered planning, buying, and inventory optimization for omnichannel commerce - recently announced a $17.5 million Series A funding round. The funding round was led by Accel Partners with participation from existing investors Gradient Ventures and 1984 Ventures.

AM Batteries: Lithium-Ion Dry-Electrode Company Raises $30 Million

By Noah Long ● Dec 12, 2023

AM Batteries - a pioneer in lithium-ion dry-electrode technologies - recently announced it closed a $30M Series B in an oversubscribed funding round led by Toyota Ventures. This new investment combines strategic corporate support from Porsche Ventures and Asahi Kasei with financial investment from RA Capital Management - Planetary Health, Wilson Sonsini, and Industry Ventures. The funding round also includes existing investors such as Anzu Partners, TDK Ventures, Creative Ventures, Doral Energy-Tech Ventures, Foothill Ventures, and Zeon Ventures.

New Heritage Capital: $438 Million Closed For Oversubscribed Fund IV

By Amit Chowdhry ● Dec 11, 2023

New Heritage Capital (Heritage) recently announced the closing of its oversubscribed fourth fund, New Heritage Capital IV, L.P. at $438 million in total capital commitments, exceeding its target of $350 million. Heritage focuses on partnering with high-growth, founder-owned businesses in the middle market. Since its founding in 2006, Heritage has raised approximately $1 billion in committed capital and invested in more than 15 platform companies and 30 add-on acquisitions.

Together: Research-Driven AI Company Raises $102.5 Million In Series A

By Amit Chowdhry ● Dec 11, 2023

Together AI is a research-driven artificial intelligence company. And the company contributes leading open-source research, models, and datasets to advance the frontier of AI. The company is also creating a comprehensive cloud platform to enable developers everywhere to build on open and custom AI models.

Pantheon: $3.25 Billion Closed For Global Secondaries Fund VII

By Amit Chowdhry ● Dec 11, 2023

Pantheon - a leading global private markets investor - recently announced the successful closing of Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totaling $3.25 billion.

Local Infusion: Tech-Enabled Infusion Provider Company Closes $10 Million

By Dan Anderson ● Dec 11, 2023

Local Infusion - a leading tech-enabled infusion provider - recently announced it has closed on a $10 million Series A funding round led by Blisce with participation from Meridian Street Capital and existing investors. The new funding round will be used to expand the company's footprint to New Jersey, Connecticut, and Maryland in 2024 and build out the company's proprietary referral and care coordination technologies.

Helicity Space: $5 Million Raised To Transform The Fusion Propulsion Industry

By Amit Chowdhry ● Dec 11, 2023

Helicity Space - a commercial space company developing in-space propulsion and power technology based on fusion power - announced $5 million in seed round funding from several new investors, including Airbus Ventures, TRE Ventures, Voyager Space Holdings, E2MC Space, Urania Ventures, and Gaingels. Co-founded by Setthivoine You (former professor in plasma physics at the University of Tokyo and University of Washington) along with Marta Calvo (formerly at Aerojet Rocketdyne with a background in chemical engineering) and Stephane Lintner (formerly at Goldman Sachs with a background in applied mathematics), the team at Helicity Space is focused on changing the game with fusion propulsion and its applications to advance exploration efforts, ultimately benefitting life on Earth.

Material Impact: $352 Million Fund III Closed To Invest In Material Science Companies

By Amit Chowdhry ● Dec 11, 2023

Material Impact recently announced a $352 million fund to expand its impact as the first-money partner to inception-stage companies pioneering products enabled by material science innovation. The firm's unique and compelling investment thesis, which prioritizes investment in companies solving large-scale and real-world problems, enabled the firm to raise funds amid an economic downturn that saw VC and LP funding run dry.

Morgan Stanley: $50 Million Next Level Fund Closes To Invest In Early-Stage Companies

By Amit Chowdhry ● Dec 11, 2023

Morgan Stanley Investment Management (MSIM) recently announced the final close of Morgan Stanley Next Level Fund, L.P. at its target size $50 million of total capital commitments. The investors in the strategy include the inaugural corporate partners Hearst, Microsoft and Walmart as well as Altria, Ten Figures Ventures and Phalanx Impact Partners.

Helix By HL: AI-Powered Alternative Investments Assistant Company Raises $6 Million

By Amit Chowdhry ● Dec 11, 2023

Helix by HL - an innovative generative AI assistant revolutionizing private market investing - recently announced the successful completion of its Seed+ funding round with a raise of $6 million at a post-money valuation of $26 million. The funding round was led by FINTOP Capital, a prominent venture capital firm known for its strategic investments in cutting-edge financial technology.

Armada: Edge Computing Pioneer Company Raises Over $55 Million

By Amit Chowdhry ● Dec 11, 2023

Armada - an edge computing pioneer redefining the future of connectivity, computing and AI - exited stealth today. The company also marks this milestone with a significant capital raise exceeding $55 million, led by Founders Fund, Lux Capital, Shield Capital and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, 8VC and a cohort of other strategic investors.

Mistral AI: Generative AI Company Raises €385 Million

By Amit Chowdhry ● Dec 11, 2023

Mistral AI - a company that makes computing efficient, useful, and powerful AI models - recently announced it raised €385 million. This puts the company's valuation at about US$2 billion.