Venture Capital

Superstate: Asset Management Firm Secures $14 Million

By Noah Long ● Nov 28, 2023

Superstate - an asset management firm modernizing the infrastructure of investment funds - recently announced a $14 million first close of their Series A financing. The funding will be used to expand their team, launch private funds to institutional investors, and create a framework for compliant, tokenized, publicly registered investment funds.

CapitalOS: Spend Management Infrastructure Company Raises $39 Million

By Amit Chowdhry ● Nov 28, 2023

CapitalOS - a fintech company providing a first-of-its-kind spend management infrastructure for B2B platforms, announced today its $39 million across equity funding and debt financing. This funding round was led by Group 11 with participation from Upper90, Vera Equity, Slow Ventures and established angel investors, which include Huey Lin (Affirm Founding-COO), Tomer London (Gusto CPO), Michael Sindicich (EVP, GM Navan Expense), Yin Wu (CEO, Pulley) and Oz Alon (HoneyBook CEO) along with accomplished product builders and operators from Stripe, Navan, Venmo, Houzz, etc.

SWITCH Maritime: $10 Million Raised To Develop Zero-Emission Ferries

By Noah Long ● Nov 28, 2023

SWITCH Maritime - a US-based company developing electrified, zero-emission ferries powered by battery and hydrogen fuel cells - recently announced that it has raised $10 million in a Series A round led by Nexus Development Capital to grow its fleet. Launched in 2018 by a veteran team of maritime energy transition leaders, SWITCH’s mission is to enable private and public municipal ferry operators to more easily replace their carbon-intensive, diesel-powered fleets while reducing operating and fueling costs over the lifetime of their vessels.

Harvest Partners: $5.34 Billion Of Commitments Closed

By Amit Chowdhry ● Nov 28, 2023

Harvest Partners, LP - a New York-based private equity firm - recently announced that Harvest Partners IX, L.P. and its parallel funds (HP IX) completed its fundraising at $5.34 billion of commitments, surpassing its target of $5.25 billion. HP IX is 30% larger than the firm's previous private equity fund - which raised $4.1 billion of commitments in 2019 and has been fully deployed.

Gynesonics: Women’s Healthcare Company Secures $67 Million

By Amit Chowdhry ● Nov 27, 2023

Gynesonics - a women’s healthcare company focused on developing minimally invasive solutions for symptomatic uterine fibroids - recently announced that it has secured an incremental $42.5 million in financing (total of $67.2 million inclusive of initial April 2023 financing). The funding round was led by existing Gynesonics investors Amzak Health, Endeavour Vision, Kaiser Permanente Ventures, Runway Growth Capital, and Bain Capital, with new investments coming from MVM Partners and several other healthcare investors excited about Gynesonics’ commercial advances.

Tangibly: SaaS Trade Secret Discovery And Management Company Closes $7 Million

By Noah Long ● Nov 27, 2023

Tangibly - a SaaS trade secret discovery and management platform backed by Madrona and other top investors - recently announced that it had a final close of its seed round with an investment from Wipro Ventures, bringing the total funds raised to $7 million.

Tenet: Climate Fintech Platform Company Closes Over $30 Million

By Annie Baker ● Nov 27, 2023

Tenet Energy - a climate fintech platform that helps consumers and businesses drive electric vehicles (EVs) for less - recently announced that it has closed a funding round of over $30 million, including over $10 million in Series A investment and a $20 million warehouse debt facility.

Granite Creek Capital Partners: $300 Million Third Fund And NYP Acquisition

By Amit Chowdhry ● Nov 27, 2023

Granite Creek Capital Partners - a private investment firm based in Chicago - recently announced the oversubscribed closing of its third investment fund, Granite Creek FlexCap III, L.P., a $300 million fund focused on providing flexible capital to growing lower middle market companies. The company also recently announced the acquisition of NYP Corp.

Expanso: $7.5 Million Raised To Help Enterprises Manage Data Needs

By Amit Chowdhry ● Nov 27, 2023

Expanso - a startup built to help enterprises manage their ever-growing data needs with a distributed approach to big data processing powered by its open-source software Bacalhau - recently announced it has raised $7.5 million in seed funding led by General Catalyst and Hetz Ventures, along with Array Ventures.

AI21: Enterprise AI Systems Company Raises $208 Million Oversubscribed Series C

By Amit Chowdhry ● Nov 26, 2023

AI21 - a leader in enterprise AI systems - recently announced the completion of its $208 million Series C funding at a valuation of $1.4 billion. The company saw participation from additional new investors, including Intel Capital, the venture capital arm of Intel Corporation, and Comcast Ventures (the venture capital arm of Comcast Corporation), which joined previously announced investors. This new round of funding brings the company's total capital raised to $336 million, accelerating AI21's purpose-driven approach in the era of AI-first enterprises.

Forward Therapeutics: $50 Million Raised To Develop Small Molecule Therapies For Immunological And Inflammatory Disorders

By Amit Chowdhry ● Nov 26, 2023

Forward Therapeutics - a biopharmaceutical company developing next-generation small molecule therapies for chronic immunological and inflammatory disorders - recently announced a $50 million Series A financing. The funding was led by BVF Partners LP with participation from other leading life sciences investors RA Capital Management and OrbiMed.

Transcend: Investment From Citi Secured To Accelerate Optimization Solutions

By Noah Long ● Nov 26, 2023

Transcend - a leading provider of liquidity, funding, and collateral optimization solutions - recently welcomed Citi as their latest investor. This investment was made through Citi's Strategic Investments arm, which invests in innovative fintech companies globally that are strategically aligned to Citi's institutional businesses.

Union Labs: Zero-Knowledge Interoperability Layer Company Secures $4 Million

By Amit Chowdhry ● Nov 26, 2023

Union Labs - the team creating a hyper-efficient zero-knowledge interoperability layer - recently announced that it raised $4 million in seed funding to build the first fully trustless bridge that connects appchains, layer 1, and layer 2 networks. Capital secured is also earmarked for the expansion of Union's seasoned team, comprised of leaders from Composable Finance; Consensys; Tokensoft; and Polygon; in anticipation of its upcoming mainnet launch. Other notable investors in the round include Lightshift and Chorus One.

Fillogic: Channel-Free Logistics Company Raises $13 Million

By Annie Baker ● Nov 26, 2023

Fillogic - a leading technology platform for Channel-Free Logistics, is thrilled to announce the closing of its $13 million Series A funding round, led by Revelry Venture Partners (RVP). This funding will fast-track Fillogic's product development and nationwide expansion of its highly efficient, sustainable logistics technology ecosystem.

Factor Capital Management: $10 Million In Commitments Closed For First Fund

By Annie Baker ● Nov 24, 2023

Factor Capital Management - an investment firm founded by former GSR Markets and Two Sigma Investments Executive Jake Dwyer - recently announced the launch and first close of its Factor Venture Capital Fund I with approximately $10 million in commitments. The fund aims to invest up to $30m in seed-stage startups that leverage blockchain technology to solve real-world problems.

X-Bow Systems: Funding From Lockheed Martin Ventures And Additional Investors Received

By Dan Anderson ● Nov 24, 2023

X-Bow Systems - an American low-cost hypersonics provider - recently announced the closing of an interim funding round led by Lockheed Martin Ventures, the venture arm of Lockheed Martin. Additional investors included Crosslink Capital, Razor's Edge Ventures, Balerion Space Ventures, Bravo Victor Venture Capital, and Capital Factory.

Evolv AI: Intelligent Digital Experience Optimization And Personalization Company Raises $13.3 Million

By Dan Anderson ● Nov 24, 2023

Evolv AI - the maker of a leading intelligent digital experience optimization and personalization platform - recently announced the closing and conversion of their previously issued convertible notes and a new equity round for $13.3 million in new funding. Horizons Ventures led the funding round, and it brings their total funding to date to $23.3 million.

Vulcan Cyber: Cyber Risk Management Platform Company Closes $55 Million

By Amit Chowdhry ● Nov 24, 2023

Vulcan Cyber - the developers of a market-leading cyber risk management platform - recently announced it has closed its $55 million Series B with the addition of a $34 million investment led by Maor Investments and Ten Eleven Ventures with participation from existing Vulcan Cyber investors Dawn Capital and Wipro Ventures. This latest funding round marks $70 million invested in Vulcan Cyber.

Era: AI-Powered Wealth Management Company Raises $3.1 Million

By Annie Baker ● Nov 23, 2023

Era - an AI-powered wealth management platform making wealth management more accessible - recently announced its launch and $3.1 million Seed led by Northzone with participation from Protagonist and Designer Fund. Era utilizes artificial intelligence to personalize wealth management advice and automate financial tasks, ultimately bridging the gulf between financial access and ambition and making wealth management more accessible.

Workshop: Internal Communications Platform Company Secures $12 Million

By Amit Chowdhry ● Nov 23, 2023

Workshop - an email platform for internal communications - recently announced that the company has raised $12 million in Series A funding. McCarthy Capital led the funding round out of their Emerging Growth strategy. It also included support from prominent Midwest venture funds, including Ludlow Ventures and M25.

Entrio: Tech Adoption Platform Company Extends Round To $11 Million

By Dan Anderson ● Nov 22, 2023

Entrio - an Israel-based tech adoption platform company - recently announced that it extended its recent funding round to $11 million and welcomed new investors American Family Ventures, Fin Capital, and Selah Ventures with additional support from existing investor Alicorn.

Default: AI-Powered Inbound Sales Funnel Rolls Out And $6.6 Million Seed Funding Unveiled

By Annie Baker ● Nov 22, 2023

Default - an all-in-one platform for inbound sales - recently announced the rollout of its AI-powered inbound sales funnel. Utilized by SaaS companies, fintechs, and businesses with an inbound sales strategy, the new engine helps go-to-market teams automate inbound workflows, generates unique insights about inbound leads and accounts, and improves integration between ingested data and first-party records so that no leads go missing. The company also unveiled a $6.6 million funding round.

Elucid: Medical Imaging Analysis Company Secures $80 Million

By Amit Chowdhry ● Nov 22, 2023

Elucid - a leading medical technology company providing physicians with AI-powered imaging analysis software to assess cardiovascular disease - recently announced it has raised $80 million in Series C funding.

Divergent Technologies: $230 Million Upsized Series D Funding Round Closed

By Amit Chowdhry ● Nov 22, 2023

Divergent Technologies - a company that has invented, developed, and commercialized the world's first end-to-end digital industrial manufacturing system - recently announced that it has completed a Series D equity financing totaling $230 million. The funding round was led by a $100 million investment from Hexagon AB and included participation from new and existing institutional and family office investors.

Element Energy: Battery Management Technology Company Raises $111 Million

By Amit Chowdhry ● Nov 22, 2023

Element Energy - a Menlo Park-based Battery Management Technology company - recently announced the closing of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P.

Databricks: Series I Funding Round Raised At $43 Billion Valuation

By Amit Chowdhry ● Nov 21, 2023

Databricks - a renowned Data and AI company - recently announced additional closings of its recent Series I funding. Existing investors Amazon Web Services (AWS), CapitalG, and Microsoft, along with new investors AT&T Ventures, Qatar Investment Authority (QIA), and Sanabil Investments, participated in the funding round, putting the company at a $43 billion post-money valuation.

Cyble: Cybersecurity Company Raises $30.2 Million

By Annie Baker ● Nov 21, 2023

Cyble recently announced the successful completion of its Series B funding round in securing an additional $6.2 million. Earlier this year, Cyble secured $24 million in the initial tranche of its Series B funding. With this latest funding round, the company has officially closed the entire funding round at $30.2 million.

Craft Ventures: $1.32 Billion Closed For Craft Ventures IV and Growth II

By Amit Chowdhry ● Nov 21, 2023

Craft Ventures recently announced it closed $1.32 billion in fresh capital for their two latest funds: Craft Ventures IV ($712 million) - their fourth early-stage fund - and Craft Ventures Growth II ($608 million) - their second growth fund. And the combination of venture and growth funds enables us to support the most exciting B2B software companies across stages. The new funding round brings the firm’s assets under management to $3.3 billion.

BrightGo: Janitorial Software Company Raises $3 Million

By Noah Long ● Nov 21, 2023

BrightGo - a modern janitorial software company - recently announced it closed a $3 million seed round co-led by Costanoa Ventures and Index Ventures. And the company already has customers across the U.S. and Canada that do janitorial services for national supermarket chains, retail stores, and malls, among other commercial properties. And the company plans to use the funding round to fast-track product development.

Radius Agent: Real Estate Brokerage Platform Company Raises $13 Million

By Annie Baker ● Nov 21, 2023

Radius Agent (dba Radius) - a technology-focused and agent-centric real estate brokerage platform recently announced it has raised a $13 million Series B funding led by AXA Venture Partners and with participation from NFX, Cota Capital, and Sierra Ventures, among other existing investors. And Radius is a full-service and modern brokerage that provides real estate professionals and their teams with the support and tools needed to grow their business with a simplified and sensible commission structure. The company plans to scale its team further and offer the new funding.