Venture Capital

Imbue: AI Research Company Raises $200 Million

By Amit Chowdhry ● Sep 16, 2023

Imbue - an AI research lab formerly known as Generally Intelligent – recently announced that it has raised $200 million in a Series B funding round, which values the company at more than $1 billion. Investors in this round include the Astera Institute; Nvidia; Cruise CEO Kyle Vogt; and Notion co-founder Simon Last.

Vortex Companies Receives Funding From Quad-C Management

By Annie Baker ● Sep 16, 2023

Quad-C Management - a leading middle market private equity firm – recently announced it has closed on an investment in the Vortex Companies, a global provider of trenchless infrastructure rehabilitation products and services. Vortex is split into two divisions, offering trenchless infrastructure rehabilitation contracting services and products.

VideoAmp: $150 Million Closed For Providing Ad Measurement Solutions

By Amit Chowdhry ● Sep 16, 2023

VideoAmp - an adtech company providing measurement, data and software solutions for the advertising ecosystem to more efficiently and effectively allocate media spend – recently announced $150 million in Series G funding led by Vista Credit Partners, a subsidiary of Vista Equity Partners.

Evolectric Receiving $15 Million From Seismic Capital Company

By Annie Baker ● Sep 16, 2023

Seismic Capital Company recently announced a deal to invest $15 million in electric vehicle technology company Evolectric of Long Beach, California. Evolectric is a company that specializes in electrified transportation and battery technologies to convert fuel-guzzling and polluting commercial fleets to EVs.

GOODLES: Better-For-You Noodle Brand Raises $13 Million

By Noah Long ● Sep 16, 2023

GOODLES - a better-for-you noodle brand celebrated for its modern line of delicious and nutrient-packed boxed mac and cheese and pasta – recently announced a $13 million Series A funding round led by L Catterton.

ELSA: Leading Language App Company Secures $23 Million

By Dan Anderson ● Sep 16, 2023

ELSA - a premier company utilizing machine learning and speech recognition technology company that teaches English – recently announced it has raised a $23 million Series C funding along with the launch of ELSA AI Tutor.

Stack AV: Autonomous Trucking Company Launches With Backing From SoftBank

By Amit Chowdhry ● Sep 15, 2023

Stack AV recently announced the launch of its autonomous trucking business, which utilizes its self-driving technology to improve efficiency and enhance safety in the trucking industry while also tackling supply chain challenges for its partners and their consumers. And Stack AV is focused on transforming the way businesses transport goods, designing solutions to alleviate long-standing issues that have plagued the trucking industry including driver shortages, lagging efficiency in uptime per vehicle, overarching safety concerns, high operating costs, and elevated emission levels.

Superorganism Launches First VC Firm Focused On Global Biodiversity Crisis

By Amit Chowdhry ● Sep 15, 2023

Superorganism recently announced its launch as the first VC firm focused on the global biodiversity crisis. Launched by a seasoned venture capitalist and a conservation technologist, Superorganism aims to support early-stage technology startups working to prevent biodiversity loss.

Lumber: Construction Workforce Management Platform Company Raises $5.5 Million

By Noah Long ● Sep 14, 2023

Lumber – a company that built a comprehensive workforce management platform for construction – recently announced the launch of its SaaS product and the completion of a $5.5 million seed round of funding. With its fully integrated, purpose-built solutions, Lumber is designed to meet the growing compliance and workforce needs of an essential industry.

Momnt: Lending And Payments Solution Company Closes $15 Million

By Amit Chowdhry ● Sep 13, 2023

Momnt - a leading fintech company specializing in real-time lending and payment solutions for businesses – recently announced the closing of its latest capital raise, totaling $15 million. TruStage Ventures led the funding round with participation from Saluda Grade Ventures, existing investors, and a new investment from a fund within Rockefeller Asset Management.

Treasury4: $20 Million Secured To Improve Treasury And Finance Processes

By Noah Long ● Sep 13, 2023

Treasury4 - an enterprise software platform offering modern tools for treasury and finance practitioners – recently announced that it has raised $20 million in Series A funding led by WestCap, with participation from Cowles Company, Fortson VC, Voyager Capital, Kick-Start Seed Fund, and W.T.B. Financial Corporation. Other investors include Jim DuBois, former CIO of Microsoft, and Chris Growney, co-founder of Clearwater Analytics.

Optera: ESG And Carbon Management Software Company Raises $12 Million

By Annie Baker ● Sep 13, 2023

Optera - a leader in ESG and carbon management software – recently announced $12 million in Series A funding led by Next Frontier Capital with participation from Blackhorn Ventures, Mucker Capital, Overture, Engage, Massive, SaaS Ventures, Valo Ventures, AngelList, and Stout Street Capital. And Optera delivers carbon management software that enables companies to reduce the climate impacts of their operations, supply chains, and products.

Renibus Therapeutics: $72 Million Raised To Prevent And Treat Cardio-Renal And Metabolic Diseases

By Amit Chowdhry ● Sep 13, 2023

Renibus Therapeutics - a clinical-stage biopharmaceutical company focusing on the prevention and treatment of cardio-renal and metabolic diseases – recently announced the close of an extension to its Series B financing round, bringing the total amount raised to $72 million. And Renibus' investors are comprised of existing and new investors, including leaders in the cardiac surgery community.

Mighty Buildings: $52 Million Closed For Utilizing 3D Printing To Build Climate-Resilient Prefab Homes

By Noah Long ● Sep 13, 2023

Mighty Buildings - a leader in 3D printing construction technology known for its prefabricated, environmentally friendly, and climate-resilient homes – recently announced that it has raised $52 million in funding. This latest funding round demonstrates strong investor confidence in Mighty Buildings' innovative offsite 3D printing construction technology.

BV Investment Partners: Fund XI Closes At Hard Cap With $1.75 Billion In Capital Commitments

By Amit Chowdhry ● Sep 13, 2023

BV Investment Partners (BV) - a private equity firm focused on the tech-enabled business services, software, and IT services sectors - recently announced that it has completed fund raising for BV Investment Partners Fund XI at its hard cap of $1.75 billion, exceeding the target of $1.5 billion.

Firstcard: $4.7 Million Secured To Build Better Banking For College Students

By Annie Baker ● Sep 13, 2023

Firstcard - a fintech startup building better banking for college students - recently announced that it has raised $4.7 million in Seed funding from VCs and Angels such as AngelList Early Stage Quant Fund. And this comes a year after the company’s $3 million pre-seed fundraising, bringing the total funding to date to $7.7 million.

SkinnyDipped: Anxiety-Free Snack Company Picks Up $12 Million In Funding

By Dan Anderson ● Sep 13, 2023

SkinnyDipped - a brand synonymous with delicious, better-for-you and anxiety-free snacks – recently announced it has raised $12 million in a Series A round that closed in August 2023. Led by the Miami-based entrepreneur David Grutman, the multi-pact partnership is set to propel the brand (founded by the mother-daughter duo of Breezy and Val Griffith) into a new era of expansion, innovation, and success.

Boston Metal: Global Metals Technology Solutions Company Receives $262 million In Funding

By Dan Anderson ● Sep 13, 2023

Boston Metal - a global metals technology solutions company – recently announced the closing of its Series C fundraising, bringing the series total to $262 million. The new investors include Aramco Ventures, the corporate venturing arm of Aramco; global investment manager M&G Investments; natural resource investment firm Goehring & Rozencwajg; and investment management firm Baillie Gifford. And existing investor Breakthrough Energy Ventures also joined the round, and several others made additional investments in the Series C, including Microsoft’s Climate Innovation Fund, BHP Ventures and Prelude Ventures.

SaaSGrid: $3.3 Million Secured To Build Data And Analysis Platform For SaaS Metrics

By Annie Baker ● Sep 13, 2023

SaaSGrid - a data and analysis platform for SaaS metrics - recently announced a $3.3 million seed round led by Craft Ventures. And SaaSGrid is the first dashboarding tool built specifically for SaaS companies: users connect their data sources and get perfect, real-time charts displaying the metrics every SaaS business should be tracking.

Common Trust: Employee Ownership Buyout Platform Secures $2.6 Million In Funding

By Dan Anderson ● Sep 12, 2023

Common Trust - an employee ownership buyout platform that enables small business owners to access liquidity by exiting their employees - recently announced $2.6 million in seed funding. Crossbeam Venture Partners led the funding round with participation from Schmidt Futures and additional funding from leading investors in the space. And the company equips selling owners and management to design a customized employee ownership trust, access aligned capital to finance the buyout, and implement a successful transition.

Pentathlon Ventures: B2B SaaS-Focused VC Firm Closes $55 Million Fund II

By Amit Chowdhry ● Sep 12, 2023

Pentathlon Ventures - an early-stage B2B SaaS-focused venture capital firm - recently announced it launched a second fund with a target of $55 million. This fund aims to invest in 25 B2B SaaS start-ups, supporting breakthrough solutions across enterprise digital transformation, e-commerce enablement, fintech, vertical SaaS, applied AI, sustainable tech, and health.

Enfabrica: $125 Million Raised To Develop Groundbreaking Hardware, Software, And System Technologies

By Annie Baker ● Sep 12, 2023

Enfabrica Corporation - a fast-growing startup building converged networking and memory fabric silicon and software tailored to the performance and scalability demands of AI and accelerated computing workloads - recently announced its successful close of a $125 million Series B financing round. The oversubscribed round - which increases Enfabrica’s valuation more than 5X - was led by Atreides Management, with support from existing investor Sutter Hill Ventures, and includes new investors NVIDIA, IAG Capital Partners, Liberty Global Ventures, Valor Equity Partners, Infinitum Partners and Alumni Ventures.

Noetik: AI-Native Biotechnology Company Closes $14 Million In Funding

By Annie Baker ● Sep 12, 2023

Noetik - an AI drug discovery company utilizing machine learning and proprietary human data to develop precision therapeutics in immuno-oncology - recently announced that it closed an oversubscribed $14M seed financing round led by DCVC, with participation from Zetta Venture Partners, 11.2 Capital, Catalio Capital Management, Epic Ventures, Intermountain Ventures, North South Ventures, Chau Khuong and CJNV BioVentures, Enveda Founder and CEO, Viswa Colluru and Hummingbird Nomads Fund, and Recursion CEO & CFO, Chris Gibson and Michael Secora.

GHGSat: Greenhouse Gas Emissions Intelligence Company Raises $44 Million

By Dan Anderson ● Sep 12, 2023

GHGSat - a global leader in greenhouse gas emissions intelligence - recently announced that it has completed its Series C1 funding round for a total of US $44 million in equity and debt. The company has raised over US $126 million since its inception in 2011.

BlueWave: $91 Million Raised To Transform Access To Renewable Energy

By Annie Baker ● Sep 12, 2023

BlueWave - a leading solar developer, owner, and operator in the Northeast U.S. - recently announced a major financing milestone that will enable the B Corp to achieve long-term ownership and management of its growing portfolio. The $91 million financing includes a debt raise of $64 million with KeyBank and a tax equity raise of $27 million with U.S. Bancorp Impact Finance for the construction and long-term financing of five projects in Massachusetts featuring innovative dual-use solar development attributes, also known as agrivoltaics, that are strategically implemented to benefit all parties impacted by the projects, including landowners, farmers, and surrounding community members. KeyBanc Capital Markets served as the coordinating lead arranger for the debt financing.

Shop Circle: E-Commerce Software Operator Company Raises $120 Million

By Annie Baker ● Sep 11, 2023

Shop Circle - a one-stop-shop software provider for e-commerce brands - recently announced the successful completion of its Series A funding round, raising $120 million. The funding round was led by 645 Ventures and 3VC, with notable participation from previous backers QED Investors and NfX, with the credit facility provided by i80 Group. This funding round was raised through a strategic combination of equity and debt.

Air Street Capital: New $121 Million Fund Closed To Invest In AI Companies

By Amit Chowdhry ● Sep 11, 2023

Air Street Capital is a VC firm investing in AI-first technology and life science companies. The firm recently announced that it closed a new $121 million fund.

CLARA Analytics: $24 Million Secured For AI-Based Insurance Claim Optimization

By Annie Baker ● Sep 11, 2023

CLARA Analytics - a leading provider of artificial intelligence (AI) technology for insurance claims optimization - recently announced its $24 million Series C funding, bringing its total funding to $60 million. This funding round was led by new investor Spring Lake Equity Partners, with participation from existing investors, including Aspen Capital Group, Oak HC/FT, and QBE Ventures.

Open Cosmos: $50 Million Raised To Democratize Access To Space Data

By Amit Chowdhry ● Sep 11, 2023

Open Cosmos – a leading space tech business making satellites that gather data to solve pressing global challenges – recently announced that it has raised $50 million in Series B funding from three leading impact investors, ETF Partners, Trill Impact, and A&G. The funding round also included Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund and Claret Capital Partners, with participation from Taavet Hinrikus and Kheng Nam Lee.

Qualiti.ai: Test Automation Solution Company To Expand Sales With New Funding Round

By Amit Chowdhry ● Sep 8, 2023

Qualiti.ai - a Utah-based software test automation solution - recently announced the closing of a $6.5 million seed round. Sierra Ventures led this funding round, with participation from Epic Ventures.