Venture Capital

BetHog: FanDuel Co-Founders Launch Cryptocurrency Sportsbook Company With $6 Million In Seed Funding

By Amit Chowdhry ● Nov 14, 2024

BetHog - a new cryptocurrency casino and sportsbook company - announced a public launch with $6 million in seed funding led by 6MV with participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and several angel investors such as Chris Grove, Partner Emeritus at Eilers & Krejcik, LLC and Josh Hannah, co-founder of Flutter Entertainment.

Akeyless: Strategic Investment Raised From Deutsche Bank

By Amit Chowdhry ● Nov 14, 2024

Akeyless - an innovator in the identity security market - announced a strategic investment from Deutsche Bank’s Corporate Venture Capital (CVC) group. The company - trusted by Fortune 100 companies and industry leaders - is transforming identity security for the modern enterprise, delivering the world’s first unified Secrets & Machine Identity platform designed to prevent the number one cause of breaches; and compromised identities and secrets.

Arketi Group Raises Funding From Pair Of Private Equity Firms

By Amit Chowdhry ● Nov 14, 2024

Arketi Group, a digital marketing and public relations agency for business-to-business (B2B) technology companies, announced that it has partnered with private equity firms Go Capital and Station Partners to lead a new B2B marketing and communications agency platform.

oneZero: Investment Raised From Golden Gate Capital

By Amit Chowdhry ● Nov 13, 2024

oneZero Financial Systems - a leader in multi-asset enterprise trading technology solutions - announced an investment from Golden Gate Capital. And oneZero’s current financial partner Lovell Minnick Partners (LMP) will continue to support oneZero alongside Golden Gate Capital. The financial terms of the investment were undisclosed.

Rivian Raises $5.8 Billion From Volkswagen As Part Of JV

By Amit Chowdhry ● Nov 13, 2024

Rivian Automotive and Volkswagen Group entered into a transaction agreement to create their new joint venture (JV) called Rivian and VW Group Technology, LLC, known as Rivian and Volkswagen Group Technologies - with a total deal size of up to $5.8 billion, which is expected to start today.

Vega: Alternative Investment Technology Company Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 13, 2024

Vega - an alternative investment technology company launched by a team of former executives from leading hedge funds, private equity firms, and fintech companies, announced the closing of a $20 million Series A led by Apollo and Motive.

MIND: Data Loss Prevention Company Raises $11 Million (Seed)

By Amit Chowdhry ● Nov 13, 2024

MIND, an upcoming leader in data loss prevention (DLP), emerged from stealth and revealed its breakthrough platform for enabling organizations to protect their most sensitive data. And MIND raised $11 million in seed round funding led by YL Ventures with participation from cybersecurity leaders at Adobe, ADT, CrowdStrike, and FireEye.

46VC: Folds Ventures Fund I Launched For Supporting Veteran And First Responder Founders

By Amit Chowdhry ● Nov 13, 2024

FortySix Venture Capital (46VC), a VC management firm with offices in Tulsa, OK, and Bentonville, AR, announced the launch of Folds Ventures Fund I. This fund, managed by a team of experienced investors at 46VC, will target early-stage tech founders from the veteran and first responder communities.

Talli: Legal-Focused Digital Payments Company Raises $4 Million (Seed)

By Amit Chowdhry ● Nov 13, 2024

Talli, a digital payments platform for the legal industry, announced a $4 million seed funding round led by Vestigo Ventures. The funding will accelerate the company's mission to transform legal professionals' management of client settlements and reimbursements.

Tabs: Revenue Automation Company Raises $25 Million (Series A)

By Amit Chowdhry ● Nov 13, 2024

Tabs, a leader in revenue automation for B2B businesses, announced it raised $25 million in Series A funding led by General Catalyst, with ongoing support from Primary Ventures and Lightspeed. This latest funding round highlights the company's rapid growth and increasing demand from CFOs seeking to streamline their financial operations using AI.

Neo Financial: Canadian FinTech Company Raises $360 Million (Series D)

By Amit Chowdhry ● Nov 13, 2024

Neo Financial - a leading Canadian financial technology company - announced a C$360 million Series D funding round, consisting of C$110 million of equity and C$250 million of debt. This funding round includes investments from several Canadian founders and entrepreneurs known for experiences in scaling global tech brands, such as Tobi Lütke (CEO and founder of Shopify), Stewart Butterfield (founder and former CEO of Slack), David Baszucki (investor and CEO of Roblox), and Mike Wessinger (co-founder and Executive Chair of PointClickCare). Existing investors participated in this round, including Valar Ventures, Golden Ventures, Afore Capital, and Thomvest Ventures.

McKay Brothers: Minority Investment Raised From Citadel Securities

By Amit Chowdhry ● Nov 13, 2024

McKay Brothers - a market leader in ultra-low latency market data and wireless networks - announced that Citadel Securities has made a minority investment in McKay to support the continued growth of its global data and connectivity business.

hotglue: Embedded Integration Platform Company Secures $4 Million (Seed)

By Amit Chowdhry ● Nov 13, 2024

hotglue – a leading B2B SaaS provider of embedded integrations - announced it has raised $4 million in seed funding. This funding round was led by 8VC, with participation from Y Combinator, Correlation Ventures, Wayfinder Ventures, and TDF Ventures. This new funding round will support hotglue's growth, allowing the company to expand its team and further develop its technology to serve its rapidly growing customer base.

Trace Neuroscience: $101 Million (Series A) Raised To Expand Genomic Medicine Platform

By Amit Chowdhry ● Nov 13, 2024

Trace Neuroscience - a biopharmaceutical company expanding the promise of genomic medicine for people living with neurodegenerative diseases - announced its launch with a $101 million Series A funding led by Third Rock Ventures, with participation from Atlas Venture, GV, and RA Capital Management. And the company is developing novel genomic therapies that restore UNC13A protein to re-establish healthy communication between nerves and muscle cells impacted by neurodegenerative disease.

StayNow: $2.2 Million (Seed) Closed To Support Independent Hotel Owners

By Amit Chowdhry ● Nov 13, 2024

StayNow, a platform focused on supporting independent hotel owners, announced that it has raised $2.2 million in seed funding. The funding round was led by Fountane, Minnesota based venture studio, with participation from UXReactor and Founders Romal Jayswal and Siddharth Raj. This funding round represents a significant step in helping family-run hotels navigate the challenges of a rapidly changing industry.

General Galactic: Fuel Generation Technology Company Raises $8 Million (Seed)

By Amit Chowdhry ● Nov 13, 2024

General Galactic - a fossil-free fuel generation technology pioneer - announced the closing of an $8 million seed funding round, bringing the total funding in the company to $10 million. And the investment was co-led by Harpoon Ventures and Refactor Capital, with participation from Pathbreaker, BoxGroup, Seraphim, Plug and Play, Impact First and Climate Capital.

Alentis Therapeutics: $181.4 Million (Series D) Raised To Develop Treatments For Claudin-1 Tumors

By Amit Chowdhry ● Nov 13, 2024

Alentis Therapeutics – a clinical-stage biotechnology company developing treatments for Claudin-1 positive (CLDN1+) tumors and organ fibrosis - announced that it has raised $181.4 million in Series D funding, supported by a syndicate of top-tier biotech investors. The financing will support Alentis to develop a deep pipeline of CLDN1 targeted medicines for solid tumors.

Forerunner Ventures: $500 Million Early-Stage Fund Announced, Brings AUM To Nearly $3 Billion

By Amit Chowdhry ● Nov 12, 2024

Forerunner Ventures has announced a new $500 million early-stage investment fund. This fund would focus on maximizing opportunities and their value for consumers. This fund brings Forerunner's assets under management to nearly $3 billion since the firm was launched 12 years ago.

Swoove Studios: 3D Animation Software Company Raises $7.5 Million (Seed)

By Amit Chowdhry ● Nov 12, 2024

Swoove Studios, a leading 3D animation software company, announced it had closed a $7.5 million seed funding round led by European angel investors. This funding round brings the company's total to $11 million since its launch in 2020. Subsequently, it has started a strategic review as it continues to scale across Europe and launched this month in the US.

Blue Earth Therapeutics: Radiopharmaceuticals Developer Raises $76.5 Million (Series A)

By Amit Chowdhry ● Nov 12, 2024

Blue Earth Therapeutics, a leader in the development of therapeutic radiopharmaceuticals, announced the the closing of a $76.5 million Series A funding. The funding round was led by Soleus Capital and co-led by Sands Capital Management, with existing investor Bracco Imaging SpA also participating. Woodline Partners and PBM Capital also joined the financing as new institutional investors.

Oyster: Funding Raised From ServiceNow Ventures At $1.2 Billion Valuation

By Amit Chowdhry ● Nov 12, 2024

Oyster, a global employment solution for employing, paying, and caring for distributed teams, announced it secured new financing from ServiceNow Ventures. This funding round follows Oyster’s recent Series D round, which valued the company at $1.2 billion and brings total capital raised to $291 million.

Phytolon: Natural Colors Company Raises Funding From Rich Products Ventures

By Amit Chowdhry ● Nov 12, 2024

Phytolon, an Israeli-based biotechnology and food tech company that produces natural food colors using precision fermentation, recently secured an investment from Rich Products Ventures (RPV), which is the corporate venture capital fund of global, family-owned food company Rich Products (Rich's), to help drive commercialization of its sustainable and clean-label solution for natural food colorings. In connection with the investment, Rich's will explore Phytolon's proprietary color offerings in several of its products.

Vedanta Plans About $500 Million Investment In AvanStrate

By Amit Chowdhry ● Nov 12, 2024

Vedanta Limited announced plans to invest the closing of $500 million in its group company AvanStrate, a leading global display glass manufacturer that is now fully managed by Vedanta Limited. This strategic investment aims to drive innovation and expansion within ASI, strengthening its focus on R&D and manufacturing capabilities and product offerings to cater to the global demand for advanced display glass solutions.

Brava: Roofing Materials Company Raises Investment From Golden Gate Capital

By Amit Chowdhry ● Nov 12, 2024

Brava Roof Tile, a leading independent provider of composite roofing materials, announced an investment from Golden Gate Capital. After the deal closes, Brava’s management team, including Chief Executive Officer Adam Brantman and Chief Manufacturing Officer Andrew Ahrens, will continue leading the company and remain significant shareholders. Brava will remain based in Washington, Iowa. The financial terms were not disclosed.

Browserbase: Web Browser Automation Company Raises $21 Million (Series A)

By Amit Chowdhry ● Nov 12, 2024

Browserbase, a leader in web browser automation, announced it raised $21 million in Series A funding co-led by CRV and Kleiner Perkins, with participation from Okta Ventures and Reed McGinley-Stempel, CEO of Stych. And Browserbase’s Series A funding was raised in less than nine months and comes hot on the heels of the company’s $6.5 million seed round.

Westwood Financial: Retail Real Estate Investment Firm Raises $70 Million In Debt Capital

By Amit Chowdhry ● Nov 11, 2024

Westwood Financial, a 50+ year-old leading retail real estate investment firm based in Los Angeles, announced today that it has closed on a $70 million term loan upsize to the firm’s unsecured credit facility. The upsize will enable the firm to significantly progress on its path to becoming an unsecured borrower.

Boston Materials Raises $13.5 Million To Develop Next Generation Of Semiconductors And Aircraft Platforms

By Amit Chowdhry ● Nov 11, 2024

Boston Materials - a manufacturer of advanced materials key to the next generation of semiconductors and aircraft platforms - announced $13.5 million in new funding. The funding was led by AccelR8 and Diamond Edge Ventures, the US-based corporate venturing arm of Mitsubishi Chemical Group (a leading global carbon fiber manufacturer). With this funding round, Boston Materials is accelerating its expansion into the semiconductor market, building from its existing footprint in the aerospace market.

JERA Ventures Partners With Plug And Play For Accelerating Corporate VC Activity

By Amit Chowdhry ● Nov 11, 2024

Plug and Play, a leading global innovation platform, announced a new partnership with JERA Ventures (a corporate venture arm of JERA, the largest power generation company in Japan). By working with Plug and Play Energy, JERA Ventures aims to leverage emerging technologies and business models in Silicon Valley and beyond.

Siit: AI-Based Service Desk Solution Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 11, 2024

Siit announced it has officially launched an AI-based Service Desk solution for IT and internal operations teams. Along with the product debut, Siit also revealed it has raised $5 million in a Seed round led by StageOne Ventures and Seventure Partners. This funding round will accelerate product development, expand market presence, and fuel Siit's ambitious growth plans.

Northflank: Developer Workload Platform Company Secures $22.3 Million

By Amit Chowdhry ● Nov 11, 2024

Northflank, a developer workload platform, announced $22.3 million in new funding, including a $16 million Series A led by Bain Capital Ventures (BCV) and a $6.3 million seed led by Vertex Ventures US. Additional investors participating in these rounds include Kindred Ventures, Tapestry VC, Pebblebed, and Uncorrelated Ventures.