Venture Capital

AdvantageClub.ai: Employee Engagement Solutions Company Raises $4 Million

By Amit Chowdhry ● Dec 2, 2024

AdvantageClub.ai, a leader in employee engagement solutions, announced it has raised $4 million in its latest funding round, bringing its total funding to $11 million. The funding round was led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar (ex-CTO of Rippling), Bytez Ventures, and existing investors.

Lumin Digital: Cloud-Native Banking Company Raises $160 Million

By Amit Chowdhry ● Dec 2, 2024

Lumin Digital, a leading cloud-native digital banking provider, announced today that it has raised over $160 million in growth equity financing. The financing was led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients.

Orderful: $15 Million Raised To Transform B2B Integration With Its EDI Platform

By Amit Chowdhry ● Dec 2, 2024

Orderful, a company transforming business-to-business (B2B) integration with its Electronic Data Interchange (EDI) platform, announced that it raised $15 million in a growth round led by NewRoad Capital Partners. The funding round also saw participation from new investors 9Yards, Flume Ventures, and NFI Ventures, alongside existing investors Andreessen Horowitz and GLP Partners.

SKF: €430 Million Raised To Fund R&D Of Sustainable Technologies

By Amit Chowdhry ● Dec 2, 2024

SKF announced it has raised €430 million in funding from the European Investment Bank (EIB) with a tenor of up to ten years. The funding will support SKF's research and development (R&D) to increase its focus on high-growth segments and accelerate the design and development of enabling technologies, particularly for the green transition and sustainability.

Blue Bear Capital: $160 Million Fund III Closed

By Amit Chowdhry ● Dec 2, 2024

Blue Bear Capital - a venture and growth equity firm focused on AI-powered solutions for the world's energy, infrastructure, and climate challenges - announced the closing of its $160 million Fund III and additional follow-on vehicles.

Vitara Biomedical: $50 Million Raised To Transform Neonatal Care

By Amit Chowdhry ● Dec 2, 2024

Vitara Biomedical, a privately held company developing breakthrough technology intended to transform neonatal care, announced the closing of a $50 million funding round. The company’s technology was initially developed at the Children’s Hospital of Philadelphia (CHOP), which is one of the leading centers in the world for clinical and scientific innovation in neonatology. Sands Capital led the Series B financing with participation from Google Ventures (GV), First Spark Ventures, Flerie and Khosla Ventures.

Rocket Lab: $23.9 Million CHIPS Incentives Award Received From The U.S. Department of Commerce

By Amit Chowdhry ● Dec 2, 2024

Rocket Lab USA - a global leader in launch services and space systems - announced it has finalized a $23.9 million award from the U.S. Department of Commerce to increase its compound semiconductor manufacturing capability and capacity at the Company’s Albuquerque, New Mexico facility. And the semiconductors produced by Rocket Lab are used in space-grade solar cells and other optoelectronic products that are important components for national security and commercial applications.

Adcendo: $135 Million (Series B) Raised For Developing Treatments To Address Underserved Cancers

By Amit Chowdhry ● Dec 2, 2024

Adcendo, a biotech company focused on developing first-in-class ADCs for treating cancers with a high unmet medical need, announced the closing of an oversubscribed $135 million Series B financing round. The funding was led by TCGX, with participation from new investors TPG Life Sciences Innovations, Orbimed Advisors, Venrock Healthcare Capital Partners, Surveyor Capital (a Citadel company), and Logos Capital, as well as all existing investors, including RA Capital Management, Novo Holdings, Pontifax Venture Capital, Dawn Biopharma, a platform controlled by KKR, HealthCap, Gilde Healthcare and Ysios Capital.

Sagewind Capital Reveals Majority Investment in Aechelon Technology

By Amit Chowdhry ● Dec 2, 2024

Sagewind Capital - a government technology-focused U.S. private equity firm with offices in New York City and Washington, DC, announced a majority investment in Aechelon Technology.

Capitolis Raises Strategic Investments From Citi, Morgan Stanley, State Street, And UBS

By Amit Chowdhry ● Dec 2, 2024

Capitolis, a technology company helping to create safer and more vibrant capital markets, announced new strategic investments from four leading global banks. The new funding round is led by Citi and includes State Street, both existing investors in Capitolis, and new investors Morgan Stanley and UBS.

The Veteran Fund Reveals Initial Fund For Investing In Military Veteran Companies

By Amit Chowdhry ● Dec 2, 2024

The Veteran Fund announced an oversubscribed closing of their inaugural investment Fund I. This fund was launched to support and empower veterans across the U.S. in their journey post-service. Launched by General Partners Ryan Micheletti, Mike Sherbakov, Lisa Song Sutton, and Justin Nahama, The Veteran Fund invests in early-stage startups led by veterans, focusing on critical, dual-use technologies that address national and commercial challenges.

Cardless: Co-Branded Credit Card Solutions Company Raises $30 Million

By Amit Chowdhry ● Dec 2, 2024

Cardless, a leading fintech company known for transformative co-branded credit card solutions, announced a $30 million growth investment round led by Activant Capital, with participation from new and existing investors, including Mischief (the fund co-founded by Plaid's Zach Perret), Industry Ventures, Thayer Ventures, Assurant and Amex Ventures. This brings Cardless' total equity funding to date to $90+ million.

Eon: Cloud Backup Platform Company Raises $70 Million (Series C) At $1.4 Billion Valuation

By Amit Chowdhry ● Dec 2, 2024

Eon, a next-generation cloud backup platform, announced that it has raised a $70 million Series C funding round led by BOND, growing its valuation to $1.4 billion. Several existing investors joined the round, including Sequoia Capital, Greenoaks, and Lightspeed Venture Partners.

AMPECO: EV Charging Management Company Secures $26 Million (Series B)

By Amit Chowdhry ● Dec 2, 2024

AMPECO, a leading EV charging management platform provider, announced it raised $26 million in Series B funding. The funding round was led by Revaia, with participation from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This latest funding round brings its all-time raise to $42 million since it was founded in 2019.

University Of Cincinnati’s 1819 Venture Lab Partnering With Flywheel For SustainableCincy Cohort

By Amit Chowdhry ● Dec 1, 2024

The University of Cincinnati’s 1819 Venture Lab—in partnership with the Flywheel Social Enterprise Hub—announced it is helping five socially minded startups grow. The first-ever SustainableCincy collaboration between these two startup accelerator programs is expected to drive positive social impact and innovation throughout Greater Cincinnati.

Allink Biotherapeutics: $42 Million (Series A) Raised To Transform Bispecific Antibody And Antibody-Drug Conjugate Therapeutics

By Amit Chowdhry ● Dec 1, 2024

Allink Biotherapeutics, a clinical-stage biotechnology company pioneering next-generation bispecific antibody and antibody-drug conjugate (ADC) therapeutics, announced the completion of a $42 million Series A financing. The funding round was led by Lanchi Ventures with participation from an elite syndicate of new investors, including Yuanbio Venture Capital, Legend Capital, and C&D Emerging Industry Equity Investment, along with support from existing shareholders Gaorong Ventures and Med-Fine Capital.

Stax.ai: $7 Million Raised To Help TPAs Streamline Operations

By Amit Chowdhry ● Dec 1, 2024

Stax.ai, a transformative solution that empowers retirement third-party administrators (TPAs) to streamline their operations and create efficiencies previously deemed impossible, announced $7 million in new funding led by Neotribe. To date, the company has raised $11.65 million. It will continue its momentum by investing in its next phase of customer growth and product development while building its leadership team.

Theory Ventures: Second Fund Closed At $450 Million

By Amit Chowdhry ● Dec 1, 2024

Theory Ventures, a VC firm specializing in early-stage software investments across data, AI, and web3, announced the closing of its $450 million second fund. After the launch of its inaugural $238 million fund in April 2023, this new fund enables the firm to scale its support for innovators utilizing technology discontinuities into go-to-market advantages and building the next generation of software.

Eden AI: AI Integration Company Raises €3 Million (Seed)

By Amit Chowdhry ● Dec 1, 2024

AI integration company Eden AI announced it raised a €3 million seed round led by Galion.exe. 50 Partners and several prominent business angels participated, including Olivier Pomel (Co-Founder of Datadog), Sébastien Pahl (Co-Founder of Docker), and Alix de Sagazan (Co-Founder of ABTasty).

Aira Technologies: $14.5 Million (Series B) Raised To Apply AI To Cellular Network Infrastructure

By Amit Chowdhry ● Dec 1, 2024

Aira Technologies, a leader in applying AI to cellular network infrastructure, announced it has raised $14.5 million in Series B to expand and accelerate its AI/ML-based solutions to drive improvements in operating, energy, and spectral efficiency.

Summit Financial: $420 Million Asset Acquisition Of Three Leading Advisory Firms

By Amit Chowdhry ● Dec 1, 2024

Summit Financial, an investment advisory firm with over 40 years of experience providing market-leading, multi-family office services that enable financial advisors to accelerate growth, announced that advisors from three firms - Southeast Financial Group (SEFG), Radiance Private Wealth, and Silvertree Retirement Planning - have joined its network. Summit’s partnership model Summit Growth Partners (SGP) has strategically invested in SEFG, Radiance, and Silvertree, elevating its total strategic investments to 16 for the year.

StoreCash: Cashback And Financial Mobile Application Company Raises $3.7 Million (Seed)

By Amit Chowdhry ● Dec 1, 2024

StoreCash, a cashback and financial mobile application company, announced the close of a $3.7 million seed round led by Black Operator Ventures (Black Ops). Returning investor MaC Venture Capital (MaC VC), 43North Foundation, Alumni Ventures, Buffalo Angels, Popular Ventures, and Mucker Capital participated.

InfraRed Capital Partners: $1 Billion Closed For Sixth Value-Add Fund

By Amit Chowdhry ● Dec 1, 2024

InfraRed Capital Partners - an international infrastructure asset manager - announced the final closing of InfraRed Infrastructure Fund VI, with capital commitments above $1 billion USD, including co-investment vehicles and separately managed accounts (SMAs). This is InfraRed’s sixth flagship value-add infrastructure fund, which attracted institutional investors from North America, UK, Europe, and Asia.

Solvento: $12.5 Million (Series A) Raised To Automate Payments And Invoices For Trucking Companies

By Amit Chowdhry ● Nov 30, 2024

Solvento - a fintech company that automates payments, finances invoices, and addresses liquidity needs for carriers in the trucking industry in Mexico and the US - announced it raised $12.5 million in its Series A funding round.

Levanta: Amazon Seller Marketing Platform Company Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 30, 2024

Levanta, a leading affiliate marketing platform for Amazon sellers, announced it raised a $20 million Series A funding round led by Volition Capital. This funding will enable Levanta to expand its platform capabilities, accelerate growth, and cement its position as a leading creator-driven commerce platform for Amazon sellers.

MetOx: High Temperature Superconducting Company Secures $15 Million

By Amit Chowdhry ● Nov 30, 2024

MetOx International - a U.S. leader in High Temperature Superconducting (HTS) technology - announced the closing of its Series B funding round, securing an additional $15 million from a strategic syndicate of investors, such as Duquesne Family Office, Piedmont Capital, Crosscut Ventures, New System Ventures, John Doerr's Family Office together with Ryan Panchadsaram, among others.

Illumen Capital: Systemic Inequity Focused Firm Raises $32.75 Million For Catalyst Fund

By Amit Chowdhry ● Nov 30, 2024

Illumen Capital - an impact fund of funds addressing systemic inequity by reducing racial and gender bias in investing - announced the raising of its $32.75 million Catalyst Fund, a vehicle designed for supporting first-time fund managers and entrepreneurs, particularly those from underrepresented backgrounds.

Spectro Cloud: Kubernetes Management Company Raises $75 Million (Series C)

By Amit Chowdhry ● Nov 29, 2024

Spectro Cloud, a leader in modern multi-cluster Kubernetes management at scale across a variety of deployment environments, including on-premises hardware, single and multi-cloud, and the edge, announced it has raised a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.

Enlightenment Capital: $825 Million Fund V Closed

By Amit Chowdhry ● Nov 29, 2024

Enlightenment Capital, an investment firm focused on aerospace, defense, government, and technology (ADG&T) based in the Washington, DC, area, announced the closing of its latest fund, Enlightenment Capital Solutions Fund V, L.P.

Flipturn: EV Fleet Management Company Raises $11 Million (Series A)

By Amit Chowdhry ● Nov 29, 2024

Flipturn, an electric vehicle (EV) charger, and fleet management platform announced it had raised $11 million in a Series A round led by CRV with participation from Accel. Flipturn helps fleets manage chargers and their overall fleet operations. This funding round will enable the team to continue on its quest to expand into broader charging and energy management solutions.