Venture Capital

Inversion: Space Transportation Company Raises $44 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Inversion - a company that is pioneering precision delivery on-demand from space to anywhere on Earth - announced a $44 million Series A funding round co-led by Spark Capital and Adjacent, with participation from Lockheed Martin Ventures, Kindred Ventures, and Y Combinator. This Inversion’s total funding to $54 million, following an earlier $10 million seed round.

Epic Cleantec: $12 Million (Series B) Secured To Expand Water Reuse Solutions For Commercial Real Estate

By Amit Chowdhry ● Nov 22, 2024

Epic Cleantec - an innovator in water reuse technology for the built environment - announced the closing of its $12 million Series B funding round. The Series B funding round was led by the family office of Drs. Kathy Fields and Garry Rayant, talented entrepreneurs, impact investors, and philanthropists known for their commitment to sustainability, healthcare, and technology. And they are joined by existing investors J-Ventures, Echo River Capital, and other prominent family offices with deep real estate ties.

Nivoda: Diamond Focused Digital Marketplace Company Raises $51 Million

By Amit Chowdhry ● Nov 22, 2024

Nivoda, a leading digital marketplace and supply chain for the diamond industry, announced $51 million in funding. This funding will support the global growth of the world’s first transparent, efficient, and customer-focused diamond and gemstone supply chain. And Nivoda’s growth is a significant step toward transforming a traditional industry with innovative technology and agile supply chain solutions.

Neos Partners: $1.37 Billion Fund II Closed To Invest In Energy Transition

By Amit Chowdhry ● Nov 22, 2024

Neos Partners - an investment firm focused on second-order investing in the energy transition and critical infrastructure sectors - announced the closing of Neos Partners II with $1.37 billion of commitments. And Neos also closed a $350 million committed co-investment vehicle alongside Fund II.

Silfab Solar: $100 Million Closed To Scale Cell Manufacturing Facility In South Carolina

By Amit Chowdhry ● Nov 22, 2024

Silfab Solar - which is the leading photo-voltaic (PV) module manufacturer - announced that it has raised $100 million of new financing to scale its state-of-the-art solar cell manufacturing plant. This $50 million equity investment was led by funds advised by ARC Financial and includes investment from their existing co-investors.

Clean Skin Club: Skincare And Hygiene Company Raises $32 Million

By Amit Chowdhry ● Nov 22, 2024

Clean Skin Club, a first-of-its-kind brand at the intersection of skincare and hygiene, announced the closing of its investment round led by Astō Consumer Partners and Amberstone. The funds will be allocated toward expansion into brick-and-mortar retail channels, new product development, and investment in talent.

Snap! Mobile: $23 Million Growth Investment From Runway Growth Capital

By Amit Chowdhry ● Nov 22, 2024

Runway Growth Capital announced a $23 million growth capital commitment to Snap! Mobile, a leading fundraising platform for schools and organizations to support their sports teams, groups, and clubs. This funding will enable Snap! to expand its innovative digital platform and empower more organizations to raise critical funds for high school athletics and other extracurricular activities.

JobNimbus: $330 Million Raised From Sumeru Equity Partners

By Amit Chowdhry ● Nov 22, 2024

JobNimbus, a SaaS provider for the roofing industry, announced a $330 million growth investment from Sumeru Equity Partners. And existing investors including founder and CEO Ben Hodson, other co-founders Nick and Jason Wood, and Mainsail Partners will continue as investors in the business. This funding round will help JobNimbus scale its operations, expand product offerings, and continue its mission to transform the contractor technology space.

TRexBio: $84 Million (Series B) Closed To Decode Human Tissue Immune Biology

By Amit Chowdhry ● Nov 22, 2024

TRex Bio - a biotechnology company decoding human tissue immune biology to create revolutionary therapeutics - announced the closing of an oversubscribed $84 million Series B funding round. This funding was led by Delos Capital, with additional new investors Avego BioScience Capital (“Avego”) and Agent Capital. And existing investors Eli Lilly and Company, SV Health Investors, Pfizer Ventures, Johnson & Johnson (through its venture capital arm, Johnson & Johnson Innovation – JJDC, Inc.), Alexandria Venture Investments, and Polaris Partners also participated.

Metsera: $215 Million (Series B) Raised To Develop Medicines For Obesity And Metabolic Diseases

By Amit Chowdhry ● Nov 22, 2024

Metsera - a clinical-stage biopharmaceutical company accelerating the next generation of medicines for obesity and metabolic diseases - announced the closing of a $215 million Series B funding round to further advance its portfolio of highly differentiated, clinical-stage, Nutrient-Stimulated Hormone (NuSH) analog peptides. Wellington Management and Venrock Healthcare Capital Partners led the financing, with participation from new investors including Fidelity Management & Research Company, Janus Henderson Investors, funds and accounts advised by T. Rowe Price Associates and by T. Rowe Price Investment Management, Viking Global Investors, Deep Track Capital, and RA Capital Management. Existing Metsera investors participated, including ARCH Venture Partners, Alpha Wave Ventures, GV, SoftBank Vision Fund 2, Newpath Partners, SymBiosis, and other undisclosed investors. Metsera has raised over $500 million to date.

Accelsius: Direct-To-Chip Liquid Cooling Systems Company Raises $24 Million (Series A)

By Amit Chowdhry ● Nov 22, 2024

Accelsius, a company whose proprietary direct-to-chip liquid cooling systems enable high-performance computing and rack density for data centers and edge operators, announced raising $24 million in Series A funding. The round started in early 2024.

Six One Commodities: $800 Million Revolving Credit Facility Closed

By Amit Chowdhry ● Nov 22, 2024

Six One Commodities Global (61C) announced that it closed an $800 million 18-month revolving credit facility with a global borrowing base that advances its transition into a leading integrated energy merchant globally.

Arbolus: $20 Million Growth Equity Investment Raised

By Amit Chowdhry ● Nov 22, 2024

Expert insights platform company Arbolus announced it has closed on a $20 million growth equity investment led by Kayne Anderson Partners Fund V, which is being sub-advised by Composition Capital. With this new funding round, Arbolus is primed to reinforce its position as the leading disruptor in the expert insights industry and make human knowledge digital and widely accessible.

Outbuild: Construction Management Company Raises $11 Million (Series A)

By Amit Chowdhry ● Nov 22, 2024

Outbuild, a construction scheduling and planning software company, announced it has raised $11 million in Series A Funding. The round was led by Sway Ventures and participated in by Hilti Venture, Trimble Ventures, and venture capital firms BGV and Zacua Ventures. This funding will help drive a targeted 100% increase in Outbuild's commercial growth by Fall 2025, support significant team expansion, and advance a product roadmap that includes AI.

Zeplyn: AI-Based Financial Advisor Assistant Company Raises $3 Million (Seed)

By Amit Chowdhry ● Nov 22, 2024

Zeplyn, an AI assistant for financial advisors, announced a $3 million seed funding round. Led by Leo Capital, with additional investment from Converge and angel investors, the funding will support the company as it rebuilds wealth management from an AI-native perspective.

Stepful: $31.5 Million (Series B) Secured To Reimagine Healthcare Training

By Amit Chowdhry ● Nov 22, 2024

Stepful, a company dedicated to re-imagining healthcare training for allied health professional jobs, announced it has raised $31.5 million in Series B funding. The funding round was led by Oak HC/FT with participation from Y Combinator, Reach Capital, AlleyCorp, SemperVirens, Company Ventures, Green Sands, ECMC Education Impact Fund, Intermountain Ventures and Cedar Pine.

Vecna Robotics: Material Handling Automation Solutions Company Raises $14.5 Million

By Amit Chowdhry ● Nov 22, 2024

Vecna Robotics, a leader in flexible material handling automation solutions, announced it has brought on Karl Iagnemma as CEO and raised $14.5 million in additional funding from existing investors. The proceeds of the funding round are earmarked to accelerate technology and product enhancements to address the automation needs of operators in automotive, general manufacturing, and high-volume warehousing.

Trolley: Global Payouts Company Secures $23 Million (Series B)

By Amit Chowdhry ● Nov 22, 2024

Trolley, a leading global payouts platform, announced it has raised $23 million in a Series B growth equity funding round led by Wavecrest Growth Partners, with participation from existing investor Pace Capital. This funding will enable Trolley to accelerate product development, broaden its market presence, and enhance its platform to serve better businesses ranging from startups to Fortune 500 companies.

Ion Storage Systems: $10 Million Debt Investment Raised From Leonid Capital Partners

By Amit Chowdhry ● Nov 22, 2024

Leonid Capital Partners, a leader in non-dilutive financing for critical sectors, announced a $10 million debt investment in Ion Storage Systems, an innovator in advanced solid-state battery technologies. This funding round aims to accelerate ION’s mission to deliver a safer, more efficient energy solution through their groundbreaking solid-state battery technology.

CHAOS Industries: $145 Million (Series B) Secured To Advance Defense And National Security Technology Development

By Amit Chowdhry ● Nov 22, 2024

CHAOS Industries, a company building the next generation of defense and critical industry technologies, announced that the company has raised $145 million in Series B funding to support the next phase of its commercial growth and development. The Series B funding round was led by Accel, with participation from 8VC, Overmatch Ventures, Lerner Enterprises, and existing insiders. The Series B round brings the total funding raised by the company to $215 million since its founding.

TA Associates: Strategic Investment In Vee Healthtek

By Amit Chowdhry ● Nov 22, 2024

TA Associates announced the completion of a strategic growth investment in Vee Healthtek, a prominent provider of technology-enabled solutions and services for healthcare organizations. This partnership enables Vee Healthtek to utilize TA’s global resources and extensive experience in the healthcare sector.

Faircraft: Lab-Grown Leather Company Raises $15.8 Million

By Amit Chowdhry ● Nov 22, 2024

Faircraft, a pioneer of lab-grown leather utilizing unique and patented tissue engineering techniques, announced a $15.8 million fundraising round. The funding round was backed by internationally-renowned investment funds, including Kindred Ventures, Cap Horn, BPI, Sake Bosch, Entrepreneur First, Alliance for Impact, and Heirloom.

Valora Therapeutics: $30 Million (Seed) Raised To Pioneer Novel Approach To Immunotherapy

By Amit Chowdhry ● Nov 21, 2024

Valora Therapeutics - a biotechnology company pioneering a novel approach to immunotherapy - announced the closing of its seed funding round. The funding round was co-led by Avalon BioVentures together with Bregua Corporation and TigerGene, investors recognized for their expertise in supporting innovative biotech companies. And additional participation was provided by Alexandria Venture Investments and Correlation Ventures. This investment will advance Valora’s proprietary AbLec platform to develop novel immunotherapeutics.

Flywheel Dynamix: Buyer-Centric Cloud Marketplace Company Closes $7 Million (Seed)

By Amit Chowdhry ● Nov 21, 2024

Flywheel Dynamix (Flywl) - the first buyer-centric cloud marketplace designed to simplify software acquisition for buyers and help sellers grow revenue faster - announced it raised $7 million in seed funding. Storm Ventures, Foster Ventures, BeeNex, FeBe, and Teknos Ventures led the round. And after operating in stealth mode since August, Flywl is officially launching the first buyer module for its marketplace platform in the first week of December.

Magma Math: K-12 Learning Platform Company Raises $40 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Magma Math, a leading K-12 instructional math platform for teacher efficiency and classroom management, announced the closing of its Series A funding round, totaling an investment of $40 million. The round was led by Five Elms Capital, with participation from previous investors, team members, and experts in the industry.

‬‭Elicit Plant: Agri-Biotech Company‬‭ Raises $48 Million (Series B)

By Amit Chowdhry ● Nov 21, 2024

Elicit‬‭ Plant -‬‭ a‬‭n agri-biotech‬‭ company‬‭ specializing‬‭ in‬‭ biosolutions‬‭ for‬‭ broad‬‭ acre‬‭ crops -‬‭ announced it raised a $48‬‭ million‬‭ B‬‭ Series‬‭ round‬‭ to‬‭ accelerate‬‭ its‬‭ worldwide‬ expansion, with a particular focus on the U.S. Corn Belt.‬

VISO TRUST: AI-Based Third-Party Risk Management Company Raises $24 Million

By Amit Chowdhry ● Nov 21, 2024

VISO TRUST, a leader in AI-based third-party risk management (TPRM), today announced the closing of its latest funding round with participation from both existing investors, Bain Capital Ventures, Work-Bench, Sierra Ventures, and Lytical Ventures, and new investors, Allstate Strategic Ventures, Cisco Investments, EnvisionX Capital, and Scale Asia Ventures.

Lightning AI: $50 Million Secured For Scaling Development Environments

By Amit Chowdhry ● Nov 21, 2024

Lightning AI, the creator of the PyTorch Lightning framework, announced a $50 million equity investment from Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA, bringing the total funding to $103 million.

Teleo: $16.2 Million (Series A Extension) Raised To Build Autonomous Technology For Heavy Equipment

By Amit Chowdhry ● Nov 21, 2024

Teleo, a company building autonomous technology for heavy equipment, today announced it has raised $16.2 million in Series A extension funds along with the company's previously announced Series A funding round. The company will use the funds to scale customer deployments and continue its expansion in new industries that use heavy machinery, such as wheel loaders, terminal tractors, excavators, etc.

Frazier Healthcare Partners: $2.3 Billion 11th Growth Buyout Fund Closed

By Amit Chowdhry ● Nov 21, 2024

Frazier Healthcare Partners, a dedicated healthcare private equity firm, announced the closing of its latest flagship fund, Frazier Healthcare Growth Buyout Fund XI, L.P. (FHGB XI). FHGB XI was significantly oversubscribed, hitting a hard cap of $2.3 billion of limited partner commitments in six months. FHGB XI will focus on acquiring controlling interests in middle-market healthcare companies.