Venture Capital

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.

Vuori: Performance Lifestyle Brand Raises $825 Million At $5.5 Billion Valuation

By Amit Chowdhry ● Nov 8, 2024

Southern California-based performance lifestyle brand Vuori announced today an $825 million investment led by General Atlantic and Stripes, two leading global growth investors, along with a cohort of additional investors. The funding (structured as a secondary tender offer) raised the brand’s valuation to $5.5 billion and marks yet another significant moment in the private apparel company’s journey to becoming a category leader.

EpiBone: Regenerative Medicine Company Raises Funding

By Amit Chowdhry ● Nov 8, 2024

EpiBone - a leading regenerative medicine company focused on skeletal repair - announced the closing of a convertible note funding round led by Kendall Capital Partners, with participation from LifeSpan Vision Ventures, EMV Capital, and others. This funding will propel EpiBone's ongoing pipeline development, furthering its mission to revolutionize skeletal reconstruction on a global scale.

Dow Jones: Investment In Ripjar Expanded

By Amit Chowdhry ● Nov 8, 2024

Dow Jones announced today it has expanded its ownership stake in Ripjar, a global leader in data intelligence software. This investment reflects Dow Jones's ongoing commitment to offering advanced AI to the risk and compliance community. This move is the latest in a series of investments and initiatives that have helped transform Dow Jones to become a leading information service provider.

ZAP Surgical: Non-Invasive Robotic Brain Surgery Company Raises $78 Million (Series E)

By Amit Chowdhry ● Nov 8, 2024

ZAP Surgical Systems - a global leader in non-invasive robotic brain surgery - announced today the closing of a $78 million Series E funding round led by Qingdao Baheal Medical, with participation from other strategic investors. The new funding will advance the commercialization of the company’s ZAP-X Gyroscopic Radiosurgery platform.

Leal Therapeutics: $45 Million Secured To Advance Novel Therapies For Patients With Major Neurodegenerative Disorders

By Amit Chowdhry ● Nov 8, 2024

Leal Therapeutics - a biotechnology company developing novel therapeutics for patients with disorders of the central nervous system (CNS) - announced a $45 million financing. This funding round was led by Newpath Partners, with additional new investors Chugai Venture Fund and Alexandria Venture Investments, along with existing investors OrbiMed, Euclidean Capital and PhiFund. This latest funding round follows a previously disclosed $39 million funding.

Third Wave Automation: Autonomous High-Reach Forklift Company Raises $27 Million (Series C)

By Amit Chowdhry ● Nov 8, 2024

Third Wave Automation, a provider of autonomous high-reach forklifts powered by Shared Autonomy, announced it closed a $27 million Series C round led by Woven Capital, Toyota's growth fund. Return investors Innovation Endeavors, Norwest Venture Partners and Qualcomm Ventures joined the round, bringing total capital raised to $97 million.

Toothio: Dental Digital Staffing Marketplace Company Raises $5 Million

By Amit Chowdhry ● Nov 8, 2024

Toothio, a leading digital staffing marketplace for the dental industry, announced $5 million in additional financing led by nvp capital and Craft Ventures. Rho Capital, Marketplace Capital, Roosh Ventures, Burst Capital, Revere Partners, Karman Ventures, Az Crown, and Connexa Capital also participated. The funding round comes on the heels of Toothio's expansion into several new markets, such as Chicago, Los Angeles, San Jose, Portland, Seattle, Baltimore, Charlotte, and Orlando.

Tamarack Global: $72 Million Opportunities II Fund Closed

By Amit Chowdhry ● Nov 8, 2024

Tamarack Global, an early stage deep-tech venture capital fund, announced the closing of $72 million for its Opportunities II fund, which closed earlier this summer. And the Opportunities II fund is more than twice the size of its flagship fund, bringing the firm's total AUM to over $211 million. The Opportunities II fund features of global investors who are seeking long-term investments in transformative companies.

Matter Intelligence: Remote Sensing Company Raises $12 Million (Seed)

By Amit Chowdhry ● Nov 8, 2024

Matter Intelligence, a California-based remote sensing startup, announced it has emerged from stealth, unveiling its plans to launch space sensors capable of capturing never-before-seen data about all matter on Earth, from surface to atmosphere. The company also secured $12 million in seed funding led by Lowercarbon Capital, with participation from Toyota Ventures, Pear, Mark Cuban, and E2MC. This funding will accelerate the development of Matter’s sensing infrastructure.

Janngo Capital: Pan-African VC Firm Closes $78 Million Fund

By Amit Chowdhry ● Nov 8, 2024

Pan-African venture capital firm Janngo Capital announced the final closing of its second fund at $78 million, which is 20% beyond its initial target. This funding demonstrates the confidence of leading institutional and private financial investors in Janngo's team and track record. And the firm's investment thesis strikes the right balance between solid financial returns and tangible impact as evidenced by the successful exit of Expensya to unicorn Medius and by its 56% women-led portfolio companies like the soonicorn Sabi. The leading new investors including Mastercard Foundation Africa Growth Fund, DFC, IFC and ANAVA join first close investors.

Tilled: PayFac-As-A-Service Company Raises $12.5 Million

By Amit Chowdhry ● Nov 8, 2024

Tilled, a Boulder-based start-up that pioneered PayFac-as-a-Service to help software companies realize the full benefit of embedded payments, announced a $12.5 million fundraising round led by Canvas Ventures and UPC Capital Ventures. And Tilled also revealed a new partnership with Handpoint to expand its card-present offerings, including dozens of terminal options available in the US and Canada.

Blackstone: First Close Of Evergreen Institutional U.S. Direct Lending Fund With $22 Billion of Investable Capital

By Amit Chowdhry ● Nov 8, 2024

Blackstone announced the final closing of the first series of its evergreen institutional U.S. direct lending fund Blackstone Senior Direct Lending Fund (BXD). And Blackstone has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding the $10 billion target. This brings Blackstone’s global direct lending platform to over $123 billion in assets under management as of the third quarter.

Elevate: Benefits Administration Platform Company Raises $20 Million (Growth Funding)

By Amit Chowdhry ● Nov 8, 2024

Elevate, a modern consumer-directed benefits administration platform, announced that it has secured $20 million in growth funding, led by Fin Capital with participation from Anthemis and SaaS Ventures. This latest funding round brings the company’s total funding to $63 million.

Billd: Subcontractor-Focused Financial Solutions Company Raises $17.5 Million

By Amit Chowdhry ● Nov 8, 2024

Billd, a leading provider of financial solutions for commercial subcontractors, announced its latest investment round securing $17.5 million in strategic funding. This funding helps accelerate Billd's mission, further solidifying the company's role as an indispensable partner to subcontractors and enabling the organization to continue driving innovation in construction finance.

Varro: $20 Million Raised To Address Transmission Of Infectious Disease

By Amit Chowdhry ● Nov 8, 2024

Varro Holdings - an emerging leader in products that disrupt the transmission of infectious disease - announced it has entered into an agreement with Vitalik Buterin to receive 20 million USDC (equal to $20 million) in non-dilutive financial support for developing its novel pathogen detection technology, and to make the technology available via open source. The funding will be provided via Buterin’s scientific finance and direct donation initiative Kanro.

Flueid: $8.3 Million Closed For Scaling Verification Of Title Technologies In Real Estate

By Amit Chowdhry ● Nov 8, 2024

Flueid, a leading VOT (Verification of Title) company for residential real estate transactions, announced it has secured $8.3 million in capital to accelerate product development, drive business growth, and expand its go-to-market strategy for its VOT solutions suite. This funding round was led by LiveOak Ventures. Additional participation came from Detroit Venture Partners along with existing investors Aquiline and Commerce Ventures.

Normal Computing Picked For ARIA’s £50 Million Scaling Compute Program

By Amit Chowdhry ● Nov 8, 2024

AI and hardware company Normal Computing UK was picked as one of 12 teams awarded funding from the Advanced Research + Invention Agency (ARIA) Scaling Compute Programme. This program, backed by £50 million in funding, aims to reduce AI hardware costs by 1000x while diversifying the semiconductor supply chain.

Primergy: $225 Million In Corporate And Project Financing Revealed

By Amit Chowdhry ● Nov 8, 2024

Primergy Solar - a leading developer, owner, and operator of utility-scale solar and energy storage - announced the closing of $225 million in project financing for its Valley of Fire (VoF) portfolio. These funds includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank for the continued development of the other VoF projects.

Ondine Biomedical: Life Sciences Company Raises C$16 Million

By Amit Chowdhry ● Nov 8, 2024

Canadian life sciences company Ondine Biomedical announced it is accelerating its final preparations for a fourth quarter start to its key pivotal US Phase 3 trial following its recent successful raise of C$16 million. Along with strong support from existing institutional shareholders, Ondine added several significant new shareholders, such as M&G Investment Management Limited. Plus, Ondine is also in discussions with a major U.S. healthcare group regarding a further potential investment of up to C$5.5 million.

Sunbit: $355 Million Debt Warehouse Facility Closed

By Amit Chowdhry ● Nov 8, 2024

Sunbit, a company building financial technology for real life, announced today that it closed a $355 million debt warehouse facility led by J.P. Morgan, Mizuho Bank Ltd. and Waterfall Asset Management. This marks Sunbit’s second debt warehouse facility announcement this year, following the news of a $310 million facility with Citi and Ares Management earlier this year.

Praia Health: Strategic Investment Raised From Labcorp Venture

By Amit Chowdhry ● Nov 8, 2024

Praia Health, a consumer experience orchestration platform for health systems, announced it has secured a strategic investment from the Labcorp Venture Fund and will collaborate with Labcorp, a leader of innovative and comprehensive laboratory services, to streamline and personalize the patient experience for lab orders and testing within select health systems.

INBRAIN Neuroelectronics: Brain-Computer Interface Therapeutics Company Raises $50 Million (Series B)

By Amit Chowdhry ● Nov 8, 2024

INBRAIN Neuroelectronics, a brain-computer interface therapeutics (BCI-Tx) company developing graphene-based neural technologies, announced the closing of a $50 million Series B financing round. The funding round was led by imec.xpand with new investors EIC Fund, Fond ICO Next Tech, CDTI-Innvierte and Avançsa. Existing investors Asabys Partners, Aliath Bioventures and Vsquared also participated, bringing the total amount raised since being founded to $68 million.

Axonis Therapeutics: $115 Million (Series A) Raised To Develop Novel Neuromedicines

By Amit Chowdhry ● Nov 8, 2024

Axonis Therapeutics, a biotechnology company focused on the development of novel neuromedicines, announced the completion of an oversubscribed $115 million Series A financing. The proceeds from the financing will be used to advance Axonis' lead development candidate, AXN-027, through clinical proof-of-concept in patients. Cormorant Asset Management and venBio Partners co-led the financing with significant investments from Sofinnova Investments, MRL Ventures Fund, Perceptive Advisors, Lumira Ventures and Solasta Ventures. Eos Bioinnovation, Hatteras Venture Partners, SCI Ventures, Alexandria Venture Investments, Tachyon Ventures, BoxOne, Iaso Ventures and Pathway Bioventures also participated in the financing.

FYLD: AI-Based Fieldwork Effectiveness Platform Company Raises $10 Million

By Amit Chowdhry ● Nov 8, 2024

FYLD, an AI-based fieldwork effectiveness platform for the global infrastructure sector announced that NatWest (one of the UK's largest business and commercial banks) has provided $10 million of growth capital to FYLD. This banking partnership will enable expedited investments and continued growth across markets, especially as FYLD scales past the development stage.