Venture Capital

SandboxAQ: AI And Quantum Solutions Company Raises Over $300 Million At $5.3 Billion Valuation

By Amit Chowdhry ● Dec 19, 2024

SandboxAQ announced a funding round of over $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investments, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. This funding round valued the company at $5.3 billion on a pre-money basis.

Plume: Integrated Modular Layer-1 Blockchain Company Raises $20 Million (Series A)

By Amit Chowdhry ● Dec 19, 2024

Plume, which is the first fully integrated modular Layer-1 blockchain focused on Real World Asset Finance (RWAfi), announced the closing of a $20 million Series A funding round from Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures, and others, showcasing strong industry conviction from crypto-native and traditional finance investors in Plume's vision of an on-chain RWAfi ecosystem.

XGEN Venture: €180 Million Life Sciences Fund Closes

By Amit Chowdhry ● Dec 19, 2024

XGEN Venture, a leading VC firm specializing in life sciences investments, proudly announces the final closing of its XGEN Venture Life Sciences Fund. This fund has successfully raised about €180 million in total commitments, surpassing expectations and solidifying its position as a key player in the European life sciences investment landscape.

Parafin: Embedded Finance Infrastructure Company Raises $100 Million (Series C) At $750 Million Valuation

By Amit Chowdhry ● Dec 19, 2024

Parafin, a company that builds embedded finance infrastructure, has announced the close of its $100 million Series C financing at a $750 million valuation. Notable Capital led the funding, with significant participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC participated in the round.

Acre Homes: Tech-Focused Real Estate Company Raises Over $10 Million

By Amit Chowdhry ● Dec 19, 2024

Acre Homes - a tech-enabled real estate company - announced the closing of a seed round led by Anthemis, bringing the total venture capital raised to over $10 million. The funding included notable participation from Sovereign's Capital, Home Technology Ventures, Studio VC, Front Porch Ventures, Unpopular Ventures, Duke Capital Partners, and former CEO of Invitation Homes Fred Tuomi. This funding will support the company's efforts to accelerate growth in existing markets, including the newly launched Atlanta.

Telle Tire & Auto Centers Raises Growth Investment From Next Horizon

By Amit Chowdhry ● Dec 19, 2024

Next Horizon Capital announced an investment in Telle Tire & Auto Centers, a well-established, fast-growing tire retailer and automotive service company with a strong presence in the Midwestern United States. The financial terms of the investment were undisclosed.

Warburg Pincus: $2.2 Billion Multi-Asset Continuation Fund Announced

By Amit Chowdhry ● Dec 19, 2024

Warburg Pincus, a pioneer of private equity global growth investing, announced the first closing of its first multi-asset continuation fund transaction, with over $2.2 billion in commitments. The deal was co-led and fully capitalized by HarbourVest Partners, Ardian and Canada Pension Plan Investment Board (CPP Investments).

Slip Robotics: Truck-Loading Robots-As-A-Service Company Raises $28 Million (Series B)

By Amit Chowdhry ● Dec 19, 2024

Slip Robotics, a next-generation provider of automated truck-loading robots as a service, announced it has raised a $28 million Series B financing led by DCVC. The funding reflects Slip’s rapid growth with industry-leading customers, including John Deere, GE Appliances, Valeo, and Nissan, using SlipBots to load and unload any truck in just five minutes.

Anatomy: $19 Million (Series A) Raised To Automate Financial Operations For Healthcare Organizations

By Amit Chowdhry ● Dec 19, 2024

Anatomy Financial - a developer of the AI-based lockbox to convert paper mail from healthcare practices of all sizes to an email-like experience for simplified billing workflows - announced $19 million in Series A funding led by Canapi Ventures. And Neil Underwood from Canapi and Nicole Quinn from Lightspeed Venture Partners will join the Anatomy board, supporting Anatomy’s efforts to bring a digital back office and AI-based financial operations to healthcare providers across the US.

Starboard: AI-Based Logistics Solution Company Raises $5.5 Million

By Amit Chowdhry ● Dec 19, 2024

Starboard - an emerging leader in AI-based logistics solutions - announced it raised $5.5 million in funding led by Eclipse, with participation from previous backers Garuda Ventures and Everywhere Ventures.

Convergent Energy And Power: Conditional Commitment From DOE For Loan Guarantee Of Up To $559.4 Million

By Amit Chowdhry ● Dec 19, 2024

Convergent Energy and Power, a leading provider of energy storage solutions in North America, announced that the company has received a conditional commitment from the U.S. Department of Energy Loan Programs Office (LPO) for a loan guarantee of up to $559.4 million for its subsidiaries to build a solar photovoltaic (PV) system with an integrated battery storage system and three stand-alone battery storage systems across Puerto Rico.