Venture Capital

Blackstone Strategic Partners: Eighth Real Estate Secondaries Fund Closes At $2.6 Billion

By Amit Chowdhry ● Dec 6, 2023

Blackstone recently announced the final close on $2.6 billion for its latest real estate secondaries fund, Strategic Partners Real Estate VIII L.P., and its related committed program vehicles.

Canaan: Dana Malman Warren Joins As Venture Partner

By Amit Chowdhry ● Dec 6, 2023

Canaan - an early-stage venture capital firm - that raised $850 million in new capital earlier this year, has announced its newest venture partner, Dana Malman Warren.

AssemblyAI: $50 Million Raised To Build Superhuman Speech AI Models

By Amit Chowdhry ● Dec 6, 2023

AssemblyAI recently announced it raised $50 million in Series C funding in a round led by Accel, which also led the company’s Series A funding. There was also participation from Keith Block and Smith Point Capital, Insight Partners, Daniel Gross and Nat Friedman, and Y Combinator for this round.

Vivodyne: $38 Million Closed To Develop More Effective Drugs By Testing Them Lab-Grown Human Organs

By Amit Chowdhry ● Dec 6, 2023

Vivodyne - a biotech that discovers and develops more effective drugs by testing them on lab-grown human organs - recently announced the closing of $38 million in total seed financing, led by Khosla Ventures, with participation from Kairos Ventures, CS Ventures, MBX Capital, and Bison Ventures.

Biolexis: AI-Driven Drug Discovery Company Secures $10 Million

By Annie Baker ● Dec 6, 2023

Biolexis Therapeutics - a clinical-stage AI-driven drug discovery company - recently announced the successful closure of a $10 million Series A funding round. This funding round was led by Clarke Capital, which is a prominent institutional investor and alternative investment firm.

VISIE: 3D Computer Vision And Spatial Computing Company Raises $8.2 Million

By Noah Long ● Dec 6, 2023

VISIE (formerly known as Advanced Scanners) recently announced it has raised $8.2 million in an oversubscribed Series A funding round to further its goal of making the unseen seen in surgery. And VISIE is a 3D computer vision and spatial computing company developing deep tech optical scanners for use in robotic and navigated orthopedic, neuro, and spine surgery.

Aviz Networks: Open Networking Software For Cloud-Scale Infrastructure Leader Raises $10 Million

By Dan Anderson ● Dec 6, 2023

Aviz Networks - a leader in open networking software for cloud-scale infrastructures serving telecom and enterprises - recently announced it has added Cisco Investments to its latest funding expansion, joining existing investors Moment Ventures, Accton, and Wistron.

Vimcal: Calendar App Company Raises $4.5 Million

By Annie Baker ● Dec 6, 2023

Vimcal - a calendar app of choice for many founders, executives, and investors in the tech sector - recently announced a $4.5 million funding round led by Altos Ventures. This significant investment reflects Vimcal's rapid growth and the growing market need for a cohesive, accurate meeting booking and scheduling platform that keeps pace with today's distributed, globalized workforce.

Solvento: $50 Million Debt Facility And $3.5 Million Seed Extension Raised

By Amit Chowdhry ● Dec 6, 2023

Solvento - a fintech company that develops payment and credit infrastructure for Latin America’s trucking sector - announced today that it has closed a $50 million debt facility from Lendable and raised an oversubscribed $3.5 million seed extension led by Quona Capital, with participation from Dynamo Ventures, Ironspring Ventures, Proeza Ventures, and Zenda VC.

Energy Dome Receives Funding Commitments From Breakthrough Energy Catalyst And European Investment Bank

By Amit Chowdhry ● Dec 5, 2023

At the COP28 event, Energy Dome announced funding commitments for its first CO2-based and innovative thermo-mechanical energy storage system in Sardinia, Italy. The funding will be in the form of a project-level grant commitment of up to €35 million from Breakthrough Energy Catalyst and €25 million in venture debt financing commitment from the European Investment Bank, both subject to the satisfaction of funding conditions. The funding is being made available through the EU–Breakthrough Energy Catalyst partnership.

Candex: Vendor Management And Tail Spend Solutions Company Raises $45 Million

By Amit Chowdhry ● Dec 5, 2023

Candex - a leading vendor management and tail spend solutions provider - recently announced a Series B investment of $45 million, led by Growth Equity at Goldman Sachs Asset Management with new investor WiL (World Innovation Lab) who both join existing investors Altos, NFX, Craft, JP Morgan, American Express and Edenred.

Mine: Data Privacy Market Company Raises $30 Million

By Amit Chowdhry ● Dec 5, 2023

Mine - a pioneering company disrupting the data privacy marker - announced today that it has raised $30 million in Series B funding, led by Battery Ventures, with significant investments from PayPal Ventures and Nationwide Ventures and with the participation of all existing investors, including Saban Ventures, Gradient Ventures (Google’s AI), MassMutual Ventures and Headline Ventures.

Virtuo: Homeownership Concierge Company Raises C$3.5 Million

By Amit Chowdhry ● Dec 5, 2023

Virtuo - a leading homeownership concierge platform that connects and streamlines tasks associated with moving and beyond - recently announced it has secured CA$3.5 million in a seed funding round, with lead investors ATB Private Equity and TELUS Ventures. This new funding round will fuel Virtuo’s expansion across Canada and into the U.S., enabling it to bring its top-notch customer experience to more homeowners and partners, including realtors, mortgage providers, and builders. And with this latest round, Virtuo’s total funds raised is now over CA$7 million.

CoreWeave: $642 Million Secondary Sale And $7 Billion Valuation

By Amit Chowdhry ● Dec 5, 2023

CoreWeave - a leading specialized GPU cloud provider - recently announced it had closed a minority investment of $642 million led by Fidelity Management & Research Company, with additional participation from Investment Management Corporation of Ontario (IMCO), Jane Street, J. P. Morgan Asset Management, Nat Friedman & Daniel Gross, Goanna Capital, Zoom Ventures and others. This deal was done at at about a $7 billion valuation.

Malou: Over $10 Million Raised To Help Restaurants Increase Sales

By Annie Baker ● Dec 5, 2023

Malou - an all-in-one solution that helps restaurants increase their sales by attracting, retaining, and building customer loyalty - recently announced it has successfully raised over $10 million in funding. This round of funding was led by prominent investors, including the SaaS B2B experts henQ, Bleu Capital, Bertrand Jelensperger (founder of The Fork), Jim Texier (former CPO of Lightspeed), and several restaurant clients.

L Squared: Fourth Fund Closed At $840 Million

By Amit Chowdhry ● Dec 4, 2023

L Squared Capital Partners recently announced that it held the final closing for its fourth private equity fund at $840 million. And L Squared fully committed its $505 million third fund earlier this year with the investment in ERA Industries.

New Era ADR Receives Strategic Investment From Marquee Ventures

By Annie Baker ● Dec 4, 2023

New Era ADR - a dispute resolution technology platform - recently announced an investment by Marquee Ventures, a venture capital fund spun out from the Chicago Cubs. And OnDean, the family office of Andrew Sieja, founder and former CEO of legal tech and eDiscovery giant Relativity also participated in this round.

LucidLink: $75 Million Secured To Enable Instant Access To Data

By Amit Chowdhry ● Dec 4, 2023

LucidLink - a company that is in enabling instant access to data and real-time collaboration for the world's most innovative companies - recently announced that it has raised $75 million in Series C funding, including secondaries, led by Brighton Park Capital an investment firm focused on entrepreneur-led, growth-stage companies within the software, healthcare, and tech-enabled services businesses space.

Monta Vista Capital: $48 Million Fund Closed To Invest In Transformative B2B Startups

By Amit Chowdhry ● Dec 4, 2023

Monta Vista Capital - a leading seed-stage venture capital firm in Silicon Valley for transformative B2B startups - recently announced the launch of its third and largest fund. Like its predecessors, the firm’s new $48 million fund aims to provide the most promising new B2B company founders with access to the experience, agility, and capital needed to deliver on their visions far ahead of the market.

Inclusively: Workforce Inclusion Platform Company Secures $13 Million

By Annie Baker ● Dec 4, 2023

Workforce inclusion platform Inclusively recently announced that it has closed a $13 million Series A round to accelerate enterprise access of their new workplace personalization product Retain. This funding round was led by Firework Ventures, with participation from existing investors, including Benson Capital (the venture arm of Gayle Benson, owner of the Saints and Pelicans).

Osmo: Machine Olfaction Company Raises $8.5 Million

By Annie Baker ● Dec 4, 2023

Osmo - a machine olfaction startup - recently announced it raised a $3.5 million grant from the Bill & Melinda Gates Foundation to advance the company's AI-enabled scent platform for discovering and producing compounds that repel, attract, or destroy disease-carrying insects to improve animal and human health. This grant is in addition to a $5 million equity investment in Osmo that the foundation made at the company's launch in January 2023.

Leap: Virtual Power Plant Company Raises Follow-On Funding From Presidio Ventures

By Noah Long ● Dec 4, 2023

Leap - a leading virtual power plant (VPP) platform - recently announced that it has secured additional equity financing from Presidio Ventures, bringing Leap’s total B-EXT funding to $16 million after a round announced in July 2023.

Princeton NuEnergy: $16 Million Closed To Accelerate Lithium-Ion Battery Direct Recycling Technology

By Amit Chowdhry ● Dec 4, 2023

Princeton NuEnergy (PNE) - a clean-tech innovator specializing in recycling, repurposing, and commercializing lithium-ion battery materials - recently announced the initial closing of its Series A funding round, raising $16 million. Wistron Corporation, a Fortune Global 500 member and industry leader in electronics recycling services, led the funding round.

Radiant Security: AI-Based Security Operations Solutions Company Closes $15 Million In Funding

By Annie Baker ● Dec 4, 2023

Radiant Security, a pioneering force in AI-enhanced security operations solutions, today announced the successful closure of a $15 million Series A funding round. This strategic financing, led by Next47, reaffirms the soaring demand for cutting-edge, AI-based solutions that address the longstanding challenges that Security Operations Centers (SOCs) face.

Nema Health: Virtual PTSD Treatment Company Raises $4.1 Million

By Noah Long ● Dec 4, 2023

Nema Health - a virtual treatment program delivering evidence-based care for post-traumatic stress disorder (PTSD) - recently closed a $4.1 million seed round. This funding round was co-led by Optum Ventures and .406 Ventures, with participation from GreyMatter Capital and additional angel investors. And Nema also announced the launch of its care program in New York, New Jersey, and Connecticut with a national insurance partner.

Launchpad.build Receives Strategic Investment From Lockheed Martin Ventures

By Amit Chowdhry ● Dec 4, 2023

Launchpad.build - a cutting-edge U.S.-based technology company using AI to deliver next-generation capabilities in robotics and automation - recently announced it has closed a strategic funding round with an investment from Lockheed Martin Ventures (the venture arm of Lockheed Martin).

Photonic: $100 Million Raised To Build Unified Quantum Computing And Networking Platform

By Amit Chowdhry ● Dec 4, 2023

Photonic - a company building one of the world’s first scalable, fault-tolerant, and unified quantum computing and networking platforms based on photonically linked silicon spin qubits - recently announced it has raised an investment round of $100 million. The funds were raised from organizations including British Columbia Investment Management Corporation (BCI), Microsoft Corporation, the UK government’s National Security Strategic Investment Fund (NSSIF), Inovia Capital, and Amadeus Capital Partners. This brings the company’s total funding to $140 million.

NextFlex: Flexible Hybrid Electronics Company Raises $6.5 Million

By Annie Baker ● Dec 4, 2023

NextFlex - which is America’s Flexible Hybrid Electronics (FHE) Manufacturing Innovation Institute - recently announced $6.49 million in funding (including $3.29 million in cost-share contribution from participants) for seven new projects as part of its Project Call 8.0 to further promote FHE development and adoption throughout the U.S. advanced manufacturing sector.

INGENIOUS.BUILD: Real Estate Development And Construction Company Raises $37 Million

By Noah Long ● Dec 4, 2023

INGENIOUS.BUILD - a leading technology company specializing in project management software for Real Estate Development and Construction - recently announced it has successfully closed its Series A funding round, securing a total of $37 million.

MBrace Therapeutics: $85 Million Raised To Improve The Lives Of Cancer Patients Through Novel Oncology Targets

By Amit Chowdhry ● Dec 4, 2023

MBrace Therapeutics - a privately-held biopharmaceutical company devoted to improving the lives of cancer patients through the development of antibody-drug conjugates (ADCs) against novel oncology targets - recently announced the completion of an $85 million Series B financing, bringing the company’s total raised to $110 million.