Venture Capital

NineDot Energy: Battery Energy Storage Systems Company Secures $225 Million

By Amit Chowdhry ● Jan 12, 2024

NineDot Energy - a leading developer of community-scale battery energy storage systems (BESS) in the New York City metropolitan area - announced recently that it secured an additional $225 million equity capital commitment from Manulife Investment Management and Carlyle, NineDot’s existing institutional equity investor. Manulife Investment Management led the round with a $135 million commitment and acquired an equity interest concurrently.

Trice: Seed Funding Raised To Enable Direct Connectivity For Real-Time Bank Payments

By Annie Baker ● Jan 12, 2024

Trice - a cloud-native API-first platform enabling direct connectivity for real-time bank payments - recently announced the closing of its seed investment round. This funding round featured strategic investments from Diagram Ventures, Royal Bank of Canada (RBC), and JAM FINTOP.

Bolden Therapeutics Brings In Investment From Lifespan Vision Ventures

By Noah Long ● Jan 12, 2024

LifeSpan Vision Ventures - an investment firm that specializes in funding longevity biotech breakthroughs - recently announced an investment in Bolden Therapeutics. This biotechnology company is developing first-in-class therapeutics to promote neurogenesis for the potential treatment of central nervous system diseases.

XRHealth: Spatial Computing Healthcare Platform Company Raises $6 Million

By Annie Baker ● Jan 12, 2024

XRHealth - a leading healthcare platform in Spatial computing - recently announced that the company secured $6 million in funding led by Asabys Partners, with the participation of NOVA Prime Fund, a venture capital fund created by global innovator LG Electronics and Clearbrook, LLC., and XRHealth's current investors.

Vantage Data Centers: $6.4 Billion Equity Investment Secured From Round Led By DigitalBridge and Silver Lake

By Amit Chowdhry ● Jan 12, 2024

Vantage Data Centers - a leading global provider of hyperscale data center campuses - recently announced a $6.4 billion equity investment led by investment vehicles managed by DigitalBridge Group (a leading global alternative asset manager dedicated to investing in digital infrastructure) and Silver Lake (a global leader in technology investing).

Sunrise AI: Fintech Company Secures Pre-Seed Funding Round From Andrew Ng’s AI Fund

By Annie Baker ● Jan 12, 2024

Sunrise AI - an AI-powered fintech company co-founded by Deepak Shrivastava and Xi Palazzolo - recently announced the successful closure of its pre-seed funding round led by Andrew Ng's AI Fund. This funding round will propel Sunrise AI's mission to revolutionize credit assessment and enhance access to capital for individuals and businesses.

Rainbow: Small Business Insurance Underwriter Company Closes $12 Million In Funding

By Noah Long ● Jan 12, 2024

Rainbow - a digitally-enabled managing general underwriter building tailored small business insurance products - recently announced it raised $12 million in seed funding with participation from Caffeinated Capital, Altai Ventures, Zigg Capital, 8VC, Buckley Ventures, Habitat Partners, and Arch Capital Group Ltd.

Ask-AI: $11 Million Closed To Advance Generative AI Answers And Insights Solution For Enterprises

By Dan Anderson ● Jan 12, 2024

Ask-AI - a generative AI answers and insights solution for enterprises - recently announced the launch of its new Generative AI Sidekick, along with $11 million in Series A funding. Leaders Fund led the funding round with participation from seed investors Vertex Ventures, State of Mind Ventures, GTMFund, and others. The investment brings Ask-AI to $20 million in funding.

Peerlogic: $5.65 Million In Funding Raised To Help Dental Offices Improve Business Performance

By Annie Baker ● Jan 12, 2024

Peerlogic - a leader in AI-powered conversational intelligence - recently announced a significant leap in its growth journey with a successful $5.65 million Series Seed equity fundraising round. Led by AZ-VC, with participation from In Revenue Capital, Cervin Ventures, Singularity Capital, and Revere Partners, the funding will help Peerlogic in its next phase of expansion and in driving forward its mission to revolutionize the dental industry with sophisticated AI technology.

Karma Wallet: Fintech Company Raises $2+ Million To Give Consumers Tools To Be Sustainable

By Noah Long ● Jan 12, 2024

Karma Wallet recently announced the launch of its Karma Wallet Card, a groundbreaking new spending tool that redefines purchase power. Along with a $2 million funding injection from socially conscious investors, including the innovative Tweener Fund, this launch heralds a new era of impact-driven, conscious consumerism.

Resynergi: Plastic Recycling Technology Company Raises $6.4 Million

By Dan Anderson ● Jan 12, 2024

Resynergi - a pioneering leader in plastic recycling technology - recently announced it has raised $6.4 million in series B funding co-led by Transitions First (T1ST), an international industrial deep tech seed-stage venture capital fund, and Lummus Technology, a global provider of process technologies and value-driven energy solutions.

PerformYard: Employee Performance Management Company Raises $95 Million

By Amit Chowdhry ● Jan 11, 2024

PerformYard - an emerging leader in employee performance management - recently announced the completion of a $95 million equity investment from Updata Partners.

Burro: Autonomous Mobility Company Closes $24 Million In Funding

By Amit Chowdhry ● Jan 11, 2024

Autonomous mobility company Burro recently announced it closed a $24 million Series B co-led by Catalyst Investors and Translink Capital and existing investors S2G Ventures, Toyota Ventures, F-Prime Capital, and Cibus Capital.

Rewst: MSP Automation Platform Company Closes $31 Million In Funding

By Amit Chowdhry ● Jan 11, 2024

Rewst - a purpose-built automation platform for Managed Service Providers (MSPs) - recently announced a $31 million Series B led by Meritech Capital, joining existing investors OpenView, TDF Ventures, and Florida Funders. This funding round will help accelerate Rewst's growth and the value delivered to MSPs through the expansion of its product, customer success, education, and Robotic Operations Center (ROC) teams.

anecdotes: Enterprise GRC Company Secures $25 Million

By Amit Chowdhry ● Jan 11, 2024

anecdotes - an innovative leader in enterprise GRC (Governance, Risk and Compliance) technology - recently announced that it has closed $25 million in a Series B round of funding, increasing the total capital raised to $55 million. Vertex and DTCP have joined as new investors, underscoring their belief in anecdotes' unique enterprise offering and the motion of global expansion.

ArenaX Labs: $6 Million Secured To Teach AI Through Play

By Annie Baker ● Jan 11, 2024

ArenaX Labs - a technology company that aims to teach the world about AI through the power of play - recently announced it raised $6 million in a funding round led by Framework Ventures, a venture capital firm focused on gaming and decentralized finance that co-led ArenaX's 2021 seed funding round. Additional investors in this round included SevenX Ventures, FunPlus / Xterio, and Moore Strategic Ventures.

ThayerMahan: Autonomous Maritime Surveillance Solutions Company Raises $20 Million

By Dan Anderson ● Jan 11, 2024

ThayerMahan - a leader in autonomous maritime surveillance solutions - recently announced it closed a $20 million follow-on Series C funding led by Hanwha Asset Management.

Shimmer: $2.2 Million In Funding Raised To Help Adults With ADHD

By Amit Chowdhry ● Jan 11, 2024

Shimmer - an innovative online coaching platform designed for adults with ADHD - announced today it has raised $2.2 million in seed funding. The funding round was co-led by Worklife Ventures and SeedtoB Capital, with participation from Koa Labs, Aglaé Ventures, and Gaingels.

ExtraHop: Cloud-Native Network Detection And Response Company Raises $100 Million

By Amit Chowdhry ● Jan 10, 2024

ExtraHop - a leader in cloud-native network detection and response (NDR) - recently announced that it has secured $100 million in growth capital from existing investors in a deal expected to close in early 2024, subject to customary closing conditions. This news comes on the heels of ExtraHop’s strong year of performance as it ends 2023 with about $200 million in ARR – doubling over the last few years.

Impact Analytics: AI-Powered Planning And Merchandising Platform Company Secures $40 Million

By Annie Baker ● Jan 10, 2024

Impact Analytics - a provider of the industry’s most innovative retail, grocery, CPG, and supply chain-focused planning and merchandising software suite complete with fully integrated and built with native AI - recently announced it has closed $40 million in growth financing.

Lexington Partners: Massive $22.7 Billion Global Secondary Fund Raised

By Amit Chowdhry ● Jan 10, 2024

Lexington Partners - a leading manager of secondary acquisition funds - has announced the completion of fundraising for Lexington Capital Partners X, L.P. (LCP X) with $22.7 billion of total capital commitments.

AppDirect: $100 Million Raised From CDPQ For Capital Program

By Noah Long ● Jan 10, 2024

AppDirect - a leading B2B subscription commerce platform in North America - recently announced it has secured $100 million (about CAD 136 million) in funding from global investment group CDPQ.

Keepit: SaaS Backup And Recovery Company Secures $40 Million

By Amit Chowdhry ● Jan 10, 2024

Keepit announced HSBC Innovation Banking has provided a $40 million refinancing package in partnership with The Export and Investment Fund of Denmark (EIFO). And the new funding frees up capital for further investments in international expansion, hiring, business operations, and product development as Keepit continues to scale and build out its market-leading platform for SaaS data protection.

Xaba: $2 Million Secured To Build Self-Programming Robotic Systems For Manufacturing

By Annie Baker ● Jan 10, 2024

Xaba - a developer of the first AI-powered cognitive software solution to automate programming and deployment of robotics and CNC machines - recently announced it has raised $2 million in a seed extension round of funding to bring AI-driven fabrication processes and intelligent autonomous machines to market.

Second Dinner: Game Development Studio Company Raises $100 Million

By Amit Chowdhry ● Jan 9, 2024

Second Dinner - an award-winning game development studio behind the hit game MARVEL SNAP - recently announced a $100 million Series B investment led by industry titan Griffin Gaming Partners. This investment is Second Dinner’s latest step in the endless pursuit of making the world’s MOST FUN games.

SynMax: Maritime And Energy Intelligence Company Raises $13 Million

By Dan Anderson ● Jan 9, 2024

SynMax - a maritime and energy intelligence company - recently announced the successful closure of its latest investment round. The company raised $13 million at a $50 million pre-money valuation, led by renowned energy trader Bill Perkins. This round also saw participation from Alex Moore, co-founder of Palantir.

WellBe Senior Medical: CVS Health Ventures Investment To Be Used For Nationwide Expansion

By Annie Baker ● Jan 9, 2024

WellBe Senior Medical - an in-home value-based care provider to the Medicare Advantage population - recently announced an investment from CVS Health Ventures (the corporate venture capital arm of CVS Health).

Health In Her HUE: $3 Million Raised To Connect Women Of Color To Sensitive Healthcare Providers

By Annie Baker ● Jan 9, 2024

Health In Her HUE - a premier digital health platform aimed at reducing racial health disparities for Black women and women of color through technology, media and community - recently announced that the company has raised a $3 million seed funding round to fuel its growth by investing in talent and building out new programs and products.

Gallant Therapeutics: Animal Health Biotech Company Secures Over $15 Million

By Annie Baker ● Jan 9, 2024

Gallant Therapeutics - an animal health biotechnology company pioneering off-the-shelf stem cell therapies for pets - recently announced the successful completion of its Series A financing, securing over $15 million. The funding round - which was led by BOLD Capital and joined by new investors Digitalis Ventures and Hill Creek Partners - positions Gallant for a major phase of growth as they advance towards conditional FDA approval of their leading therapeutic candidate for Feline Chronic Gingivostomatitis (FCGS).

Revagenix: Funding Raised To Develop Novel Antibiotics

By Dan Anderson ● Jan 8, 2024

Revagenix - a biopharmaceutical company dedicated to the discovery and development of novel antibiotics - recently announced the appointment of Cristina Larkin, Bruce Montgomery, MD, and Michael Lamprecht, PhD, to its board of directors in connection with closing its Series B funding round from core investors Tenmile and Novo Holdings.