Venture Capital

Writer: Enterprise-Focused Generative AI Platform Raises $200 Million (Series C) At $1.9 Billion Valuation

By Amit Chowdhry ● Nov 19, 2024

Writer, a full-stack generative AI platform for the enterprise, announced $200 million in Series C venture funding at a $1.9 billion valuation. The funding round was co-led by Premji Invest, Radical Ventures, and existing investor ICONIQ Growth, with participation from investors including Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures. Existing investors Accenture, Balderton, Insight Partners, and Vanguard supported the funding round.

Shiru: Ingredient Discovery Company Raises $16 Million

By Amit Chowdhry ● Nov 19, 2024

Shiru - a pioneer in AI-based ingredient discovery - announced it has secured a $16 million investment round as it leads a revolution in how ingredients are discovered and developed across multiple industries.

ScaleOps: Cloud Resource Management Company Secures $58 Million (Series B)

By Amit Chowdhry ● Nov 19, 2024

ScaleOps, a leader in real-time automated cloud resource management, announced $58 million in Series B funding led by Lightspeed Venture Partners. Returning investors NFX and Glilot Capital Partners and new investor Picture Capital participated in the round, which comes just one year after its series A and follows tremendous business growth for the company. The round brings the company's total funding to $80 million.

Fort Health: $5.5 Million Raised For Expanding Mental Health Care Services

By Amit Chowdhry ● Nov 19, 2024

Fort Health, a leader in integrated behavioral health, announced that it has raised $5.5 million to expand mental health care to more pediatricians' offices. Twelve Below and Vanterra led this funding round, bringing the total amount raised to $16 million.

ANELLO Photonics: Optical Gyroscope Company Raises Series B

By Amit Chowdhry ● Nov 19, 2024

ANELLO Photonics, the creator of the Silicon Photonic Optical Gyroscope (SiPhOG), announced the closing of a Series B funding round, evidencing investor confidence in the company's approach to inertial navigation in GPS-denied environments. The funding was co-led by Lockheed Martin, Catapult Ventures, and One Madison Group. Additional investors included New Legacy, Build Collective, Trousdale Ventures, In-Q-Tel (IQT), K2 Access Fund, Purdue Strategic Ventures, Santuri Ventures, Handshake Ventures, Irongate Capital, and Mana Ventures.

CommBox: AI-Based Customer Experience Company Raises $15 Million (Growth)

By Amit Chowdhry ● Nov 18, 2024

CommBox, a leading enterprise-grade omnichannel AI-based customer experience platform, announced the completion of a $15 million growth investment round from PSG Equity - which is a leading growth equity firm that specializes in partnering with software and technology-enabled services companies to help navigate and capitalize on transformational growth.

X-Caliber: Direct Commercial Real Estate Lender Raises $26.3 Million

By Amit Chowdhry ● Nov 18, 2024

X-Caliber Holdings—a national direct commercial real estate lender focused on impact lending—announced it closed $26.3 million in financing with its first Rural PACE-X transaction for the ground-up construction of a new hotel in Silverthorne, Colorado. Upon completion, the 111-room hotel will be a Holiday Inn Express brand under IHG Hotel & Resorts and is being developed by sponsor REV Development.

ATB Therapeutics: Biologics Company Raises €54 Million (Series A)

By Amit Chowdhry ● Nov 18, 2024

EQT Life Sciences announced that its LSP 7 fund has invested in ATB Therapeutics. The €54 million Series A funding round aims to accelerate the clinical development of a therapeutic antibody pipeline derived from its proprietary ATBioFarm platform. The funding was co-led by EQT Life Sciences and MRL Ventures Fund (a corporate venture arm of Merck), along with contributions from V-Bio, VIVES Partners, the Belgian sovereign fund SFPIM, Wallonie Entreprendre, Sambrinvest, and existing investors.

Bain Capital: Global Special Situations Fund Closed At $9 Billion

By Amit Chowdhry ● Nov 18, 2024

Bain Capital announced it completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. This capital base includes Global Special Situations Fund II, which received $5.7 billion in total commitments, including co-investments and separately managed accounts, and $3.3 billion from the firm’s previously closed Special Situations Asia and Europe regional funds. This fundraising sets up Bain Capital as one of the largest special situations investors in the world.

TECfusions: Over $300 Million Loan Agreement Signed For Accelerating Virginia Data Center

By Amit Chowdhry ● Nov 18, 2024

TECfusions, a growing provider of advanced data center solutions, announced that it secured over $300 million to develop and expand its Clarksville, Virginia, site. This milestone demonstrates the company's innovative approach to data center development and ability to turn demand into tangible results.

Moonvalley: $70 Million Secured To Build Generative AI Creative Models

By Amit Chowdhry ● Nov 18, 2024

Moonvalley, a leading imagination research company that is building generative AI creative models and tools, announced today it has raised $70 million in funding to date. This funding will propel the development of AI tools and models designed to enhance trust, transparency, and efficiency within the media industry.

ChapsVision: AI-Based Data Processing Company Raises $90 Million And Buys Sinequa

By Amit Chowdhry ● Nov 18, 2024

ChapsVision, a leader in AI-based data processing, announced the acquisition of Sinequa - which is an AI-based enterprise search and Retrieval-Augmented Generation (RAG) company. And this strategic acquisition, combined with a new $90 million (€85 million) investment led by Tikehau Capital, Qualium Investissement, Bpifrance, GENEO Capital, and Jolt Capital, accelerates ChapsVision’s growth, strengthens its global presence, and expands technology capability.

Quanta Dialysis Technologies: Kidney Care Company Closes Over $60 Million (Series E Preferred Stock)

By Amit Chowdhry ● Nov 18, 2024

Quanta Dialysis Technologies, a leader in transforming kidney care through its Quanta Dialysis System, announced it has closed its oversubscribed Series E Preferred Stock financing round, raising more than $60 million of additional capital.

Ecore: Strategic Investment Raised From General Atlantic To Transform Reclaimed Rubber Materials Into Better Products

By Amit Chowdhry ● Nov 18, 2024

Ecore International - a global leader in circularity transforming reclaimed rubber materials into high-performance products that drive sustainability and reduce environmental impact - announced it has received a minority growth investment from General Atlantic through the firm’s BeyondNetZero climate growth fund.

myBiometry: Asthma And COPD Diagnostic Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 18, 2024

Biometry, an asthma and COPD diagnostic and remote monitoring company, announced that it has raised $5 million in an oversubscribed seed funding round. The funding round was led by Dexcom Ventures, with participation from CareSource Indiana, Elevate Ventures, and other investor groups.

Ennoventure: AI-Based Brand Protection Company Raises $8.9 Million (Series A)

By Amit Chowdhry ● Nov 18, 2024

Ennoventure - a leader in AI-based brand protection and authentication solutions - announced the closing of an $8.9 million Series A funding round. Headed by Singapore-based venture capital firm Tanglin Venture Partners, the funding round also included participation from existing investors, including Fenice Investment Group and additional SAFE investors.

HappyPath: $4 Million Raised To Help Companies Deliver Products Faster

By Amit Chowdhry ● Nov 18, 2024

HappyPath, a startup that helps companies deliver products faster through comprehensive automated testing, announced that it has secured $4 million in funding. And the company is utilizing the funds to address a major need for more effective software testing and has officially launched its AI-powered platform to help the technology sector reimagine its approach to testing.

Helix Earth: $5.6 Million (Seed) Raised For Transforming Energy Efficiency In AC Systems

By Amit Chowdhry ● Nov 18, 2024

Helix Earth Technologies - a Houston-based hardware company at transforming clean tech solutions - announced the closing of its $5.6 million seed funding. This oversubscribed funding round was led by Veriten, the energy research, strategy, and investing firm, with participation from Anthropocene Ventures, Semilla Capital, and others including individual investors from prominent venture capital and private equity firms.

Bristol Environmental: Strategic Growth Investment From Garnett Station

By Amit Chowdhry ● Nov 18, 2024

Garnett Station Partners - a New York-based principal investment firm managing over $2.3 billion in assets - announced it has made a strategic growth investment in Bristol Environmental, which is a leading provider of environmental remediation and abatement services. Based in Bristol, PA, the company services clients nationwide through its five offices across Pennsylvania, Maryland, Massachusetts, and Florida.

Front Row Group Raises Significant Funding From HighPost Capital

By Amit Chowdhry ● Nov 18, 2024

HighPost Capital—a leading private investment firm focused on the consumer, sports, media, and technology sectors—announced it has invested in Front Row Group, an e-commerce agency and accelerator providing fully outsourced marketplace management services in partnership with Charlesbank Capital Partners.

NovoPayment: $20 Million Raised From Morgan Stanley Expansion Capital

By Amit Chowdhry ● Nov 18, 2024

The investment funds managed by Morgan Stanley Expansion Capital announced an investment of $20 million in NovoPayment, a leading financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions. This funding round is expected to support NovoPayment’s continued scaling and expansion of commercial partnerships.

Prokeep: Customer Engagement Company Raises $25 Million (Series A)

By Amit Chowdhry ● Nov 18, 2024

Prokeep, a leading customer communication and engagement platform for distributors, announced that it has raised $25 million in a Series A funding round. The funding round was led by Dahlia Equity Partners with continued support from Ironspring Ventures, S3 Ventures, Benson Capital Partners, and others. This funding will enable Prokeep to accelerate its growth and expand its demand generation capabilities, which are designed for distributors.

Divi: Scalp And Hair Health Brand Raises Minority Investment From Norwest

By Amit Chowdhry ● Nov 18, 2024

Divi Scalp & Hair Health - an award-winning brand with clean and science-backed products founded by entrepreneur Dani Austin - announced it has secured a minority investment from Norwest. The funding will drive international expansion, domestic scale in key metro areas, and continue to deepen the brand's established relationships with key retailers, including Ulta Beauty, Ulta Beauty at Target, and Amazon.

Fastino: AI Model Provider Company Secures $7 Million (Pre-Seed)

By Amit Chowdhry ● Nov 18, 2024

Fastino, a new foundation AI model provider, launched recently to provide a family of task-optimized language models that are more accurate, faster, and safer than traditional LLMs. And the company also announced its $7 million pre-seed funding round led by global software investor Insight Partners and M12, Microsoft’s Venture Fund, with participation from NEA, CRV, Valor, Github CEO Thomas Dohmke, and others.

Revisto: $4 Million (Seed) Raised For Transforming Pharmaceutical Marketing Compliance

By Amit Chowdhry ● Nov 18, 2024

Revisto, an AI-based solution that streamlines the medical, legal, and regulatory (MLR) review process for pharmaceutical marketing materials, announced it has secured $4 million in seed funding. This funding round was led by LiveOak Ventures, with participation from Eli Lilly and Company, Tau Ventures, and Arkin Digital Health.

The Exploration Company: European Space Tech Company Raises $160 Million (Series B)

By Amit Chowdhry ● Nov 18, 2024

Leading European space tech company The Exploration Company (TEC) announced it has raised $160 million in Series B funding co-led by Balderton Capital and Plural, with participation from Bessemer Venture Partners, NGP Capital, French Tech Souveraineté, DeepTech & Climate Fonds (DTCF) and Bayern Kapital. The funding round also included significant follow-on investment from EQT Ventures, Red River West, Cherry Ventures, Promus Ventures and Omnes Real Tech Fund. And this is the first time two European sovereign funds, French Tech Souveraineté managed by Bpifrance and DTCF, have invested together.

SwiftConnect: Digital Pass Company Raises $37 Million (Series B)

By Amit Chowdhry ● Nov 15, 2024

SwiftConnect announced the closing of a $37 million Series B funding round to expand its access network and connect people to the right place at the right time. The latest investment round is led by Quadri Ventures, with participation from new investors HID (part of ASSA ABLOY), Egis Capital Partners, and Klingenstein Fields Advisors. And returning investors include Crow Holdings, JLL Spark, Navitas Capital, Tanzola Corp., and Spring Rock Capital. With this round, SwiftConnect has raised $74 million in total funding.

Serenity: AI-Based EHS Software Solutions Company Raises $5.5 Million (Series A)

By Amit Chowdhry ● Nov 15, 2024

Serenity, a leader in AI-based Environmental, Health, and Safety (EHS) software solutions, announced the closing of a $5.5 million Series A funding round. This investment was led by Allegion Ventures, with follow-on participation from existing investor Base10 Partners.

The D. E. Shaw Group: $1 Billion Raised For Alkali Fund VI

By Amit Chowdhry ● Nov 15, 2024

The D. E. Shaw group - a global investment and technology development firm - announced that it has raised $1 billion in commitments for D. E. Shaw Alkali Fund VI. This closed-end vehicle will pursue a multi-strategy investment style and invest primarily in corporate debt, structured credit, synthetic securitizations, and other specialty asset classes.

Camouflet: AI-Based Dynamic Pricing Solutions Company Raises $3 Million (Seed)

By Amit Chowdhry ● Nov 14, 2024

Camouflet, a leader in AI-based dynamic pricing solutions, announced the closing of a $3 million seed funding round led by a group of private investors. This funding round will accelerate Camouflet’s mission to empower businesses with adaptive, data-driven pricing strategies.