Venture Capital

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.

BayBridgeDigital: Digital Transformation Company Raises $6 Million

By Amit Chowdhry ● Nov 11, 2024

BayBridgeDigital, a leader in digital transformation and Salesforce consulting, announced it raised a $6 million funding round, supported by institutional investors from the U.K. and the USA. This strategic funding marks a pivotal moment for BayBridgeDigital, enabling the company to accelerate the rollout of its innovative services, enhance its expertise in Salesforce, Databricks, Data, and AI, and expand its global footprint in key markets.

Pharos: Layer-1 Blockchain Network Company Raises $8 Million (Seed)

By Amit Chowdhry ● Nov 11, 2024

Pharos - a full-stack, parallel layer-1 blockchain network - announced the completion of an $8 million seed round investment co-led by Lightspeed Faction and Hack VC, with additional participation from strategic anchor investor SNZ Capital, and other investors, including Reforge, Dispersion Capital, Hash Global, Generative Ventures, Legend Star, MH Ventures, Zion, and Chorus One Ventures.

Nimbus Power Systems: Pre-Seed Funding Raised To Developed Advanced Zero-Emission Heavy-Duty Fuel Cell Engines

By Amit Chowdhry ● Nov 11, 2024

Nimbus Power Systems - a developer of advanced fuel cell technologies for heavy-duty vehicles - announced the closing of a pre-seed financing round led by Connecticut Innovations (Connecticut's strategic venture capital arm). This investment will enable Nimbus to accelerate the development and demonstration of its zero-emission heavy-duty fuel cell engine.

Conflixis: Data And Risk Intelligence Company Raises $4.2 Million (Seed)

By Amit Chowdhry ● Nov 11, 2024

Conflixis - a data and risk intelligence company - announced $4.2 million in seed capital co-led by Lerer Hippeau and Origin Ventures, with additional investment from mark vc, Springtime Ventures, and continued support from early investor Crētiv Capital.

Interwoven Ventures: Early-Stage ROBO Global Spin-Off VC Firm Debuts

By Amit Chowdhry ● Nov 11, 2024

Interwoven Ventures - an early-stage venture capital firm investing in technologies across robotics and artificial intelligence (AI) to transform industries, including manufacturing, logistics, transportation, and healthcare – announced the appointment of Dr. Erez Agmoni as co-founder and General Partner.

Centana Growth Partners Buys Majority Stake In First Connect Insurance Services

By Amit Chowdhry ● Nov 11, 2024

Centana Growth Partners—a growth equity firm specializing in the financial services ecosystem—announced that it has acquired a majority stake in insurance technology platform company First Connect Insurance Services (formerly an indirect wholly-owned subsidiary of Hippo Holdings). Aviad Pinkovezky will continue as President and has been named CEO post-closing.

Nurse Capital Reveals Inaugural Investments In Nursing-Related Startups

By Amit Chowdhry ● Nov 11, 2024

Nurse Capital, a venture capital firm investing in nurse-led enterprises offering innovative solutions in healthcare, announced its first seed-round investments in two startup businesses that serve patients and nurses with innovative, first-of-their-kind products in the medical device and digital media platform spaces.

Vitrian: $50 Million Raised To Provide Solutions For Biomanufacturing And cGMP Facilities

By Amit Chowdhry ● Nov 11, 2024

Vitrian, a leading end-to-end provider of investment capital and capacity-building services for biomanufacturing, announced that it closed a $50 million investment, with the ability to scale to $65 million, into AmplifyBio’s Manufacturing Enablement Center (AMEC) in New Albany, Ohio as a first step of a more significant commitment to support biomanufacturing in Central Ohio.

Pagaya: AI-Based Product Solutions Company Raises $1 Billion

By Amit Chowdhry ● Nov 11, 2024

Pagaya Technologies - a global technology company delivering AI-driven product solutions for the financial ecosystem - announced the closing of PAID 2024-10 and RPM 2024-3, totaling $1 billion in size across both deals. And this represents the company’s fourth AAA-rated personal loan ABS transaction and its first AA-rated auto ABS transaction.

Symbiotic Security Raises $3 Million (Seed) To Offer Real-Time Feedback On Vulnerabilities

By Amit Chowdhry ● Nov 10, 2024

Symbiotic Security announced it has raised $3 million in seed funding from investors, including Lerer Hippeau, Axeleo Capital, Factorial Capital, and others. And the company has introduced its software-as-a-service that works with the developer’s Integrated Development Environment (IDE) and enables them to develop software more securely.

Shamrock Capital: $1.6 Billion Raised For Sixth Private Equity Flagship And Inaugural Small Cap Funds

By Amit Chowdhry ● Nov 10, 2024

Shamrock Capital, an LA-based investment firm specializing in media, entertainment, content, communication, sports, marketing, and education sectors, announced the final closing of Shamrock Capital Growth Fund VI, L.P. and Shamrock Capital Clover Fund I, L.P. with $1.6 billion of total capital commitments.

Physical Intelligence Raises $400 Million At $2.4 Billion Valuation To Develop AI For Robotics

By Amit Chowdhry ● Nov 10, 2024

Physical Intelligence—a company bringing general-purpose AI into the physical world—revealed that it has raised $400 million at a $2.4 billion post-money valuation. The company is comprised of engineers, scientists, roboticists, and company builders developing foundation models and learning algorithms for powering the robots of today and the physically actuated devices of the future.

The Nursing Beat: Nurse-Focused Digital Newsletter Company Raises Equity Funding

By Amit Chowdhry ● Nov 10, 2024

The Nursing Beat, a leading daily digital newsletter designed for nurses by nurses, announced the first closing of an equity funding round. This funding highlights the growing recognition of nurses as crucial influencers in healthcare and validates The Nursing Beat's approach to delivering targeted, relevant information to healthcare professionals.

Emidat: €4 Million Raised From General Catalyst To Help Reduce Emissions

By Amit Chowdhry ● Nov 10, 2024

Emidat, a leading provider of environmental data solutions for the construction industry, announced a €4 million seed funding round led by General Catalyst. This funding round will enable Emidat to support the construction industry in reducing the world's environmental footprint, starting with a revolution in labeling every building material.

Molson Coors Beverage Company Acquires Majority Stake In ZOA Energy

By Amit Chowdhry ● Nov 10, 2024

Molson Coors Beverage Company announced it is taking a majority ownership stake in ZOA, the better-for-you energy brand co-founded by Dwayne “The Rock” Johnson, Dany Garcia, Dave Rienzi, and John Shulman. Buying a majority stake enables Molson Coors to lead the entirety of ZOA’s marketing, retail, and direct-to-consumer sales and development. The company believes this positions ZOA for a step change in growth.

Ursa Space Systems: $10 Million Venture Loan Facility Closed With Horizon Technology

By Amit Chowdhry ● Nov 9, 2024

Horizon Technology Finance Corporation (an affiliate of Monroe Capital and a leading specialty finance company that offers capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries) announced it has provided a $10 million venture loan facility to Ursa Space Systems.

PuppyGraph: Query Engine Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized: Advanced People-Sensing Platform Company Secures $4.3 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized, an AI-based platform pioneering advanced people-sensing and positioning software, announced it has raised $4.3 million in seed funding to drive innovation in people sensing and support safer and seamless human-machine interaction. This funding round was led by Amazon Industrial Innovation Fund, with participation from Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures and other strategic investors.

UnifyApps: Unified Enterprise AI Agent Platform Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 8, 2024

UnifyApps, a Unified Enterprise AI Agent platform, announced today the closing of a $20 million Series A funding round led by ICONIQ Growth. Existing investors, including Elevation Capital, participated in this latest round, which brings the company’s total funding to $31 million.

Accelerate Infrastructure Opportunities: $780 Million Raised To Accelerate Real Estate Investments

By Amit Chowdhry ● Nov 8, 2024

Accelerate Infrastructure Opportunities announced a $780 million capital raise comprised of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million inaugural asset-backed securitization.

GMI Cloud: AI-Based GPU Company Raises $82 Million (Series A)

By Amit Chowdhry ● Nov 8, 2024

GMI Cloud, a leading AI-native GPU cloud provider, announced that it has raised $15 million in equity funding and $67 in debt financing in a Series A round led by Headline Asia, bringing the company's total capital to over $93 million. The funding round includes strategic investments from Banpu Next, a leading smart energy solutions provider in the Asia-Pacific region, and Wistron (a global leading technology service provider).

Petfolk: Veterinary Care Company Raises $36 Million (Series C)

By Amit Chowdhry ● Nov 8, 2024

Petfolk, a leading provider of veterinary and urgent care through a network of connected care clinics, announced it has received a $36 million Series C investment led by Deerfield Management. And existing investors Movendo Capital, White Star Capital, Cutting Horse VC, Idea Farm Ventures, and Parkview International participated in the round.

Infinite Machine: Personal Electric Vehicle Company Raises $9.3 Million (Seed)

By Amit Chowdhry ● Nov 8, 2024

Infinite Machine, a New York-based company building the next generation of non-car vehicles, announced the closing of its seed funding round. The $9.3 million round was led by Andreessen Horowitz through its American Dynamism fund, with additional participation from Adjacent Capital, Necessary Ventures, Otherwise Fund, the founders of Reformation, Replit, and HuggingFace and Formula 1 World Champion Nico Rosberg (Founder of Rosberg Ventures). This funding will accelerate production and the market launch of Infinite Machine's debut product P1 — which is an electric scooter designed to be the ultimate vehicle for urban environments.