Venture Capital

Duetti: Music Catalog Monetization Platform Company Raises $114 Million

By Amit Chowdhry ● Nov 8, 2024

Duetti, a music platform democratizing catalog monetization for independent artists, announced it has raised $114 million in new funding. And this includes $34 million in equity financing led by Flexpoint Ford, along with participation from existing investors Nyca Partners and Viola Ventures. Duetti had completed its inaugural $80 million privately rated asset-backed securitization (ABS) transaction, backed by a highly diversified music rights catalog.

Inverness Graham: Green Light Fund Closed At Above Target Of $238 Million

By Amit Chowdhry ● Nov 8, 2024

Inverness Graham, a Philadelphia-based buyout firm focused on buying companies where technology is transforming traditional industry, announced the final closing of the Inverness Graham Green Light Fund at $238 million, exceeding its $200 million target.

Cloverleaf AI: Government Contractor Solutions Company Raises $2.8 Million (Seed)

By Amit Chowdhry ● Nov 7, 2024

Cloverleaf AI, a leader in solutions for government contractors, announced today that it raised $2.8 million in a seed funding round led by Jackson Square Ventures. First Mile, TechStars, and Legal Tech Fund participated.

Knexus: AI Solutions Provider Closes Growth Equity Funding Round

By Amit Chowdhry ● Nov 7, 2024

Knexus, a leading provider of AI solutions, announced today that it has closed an equity investment from Scare the Bear Capital, which is an investment firm focused on driving growth within the small business community.

Parallel Fluidics: Microfluidic Device Company Raises $7 Million (Seed)

By Amit Chowdhry ● Nov 7, 2024

Parallel Fluidics, the fastest microfluidic device manufacturer globally, announced the closing of its $7 million seed round, led by J2 Ventures, with participation from 8VC and Praxis. This funding round will help drive the growth of the company's on-demand design and manufacturing platform, expand its hardware and software solutions, and commercialize its new product MV-2.

BETA Technologies: Electric Aerospace Company Raises Over $300 Million

By Amit Chowdhry ● Nov 7, 2024

BETA Technologies—an electric aerospace company based in Vermont—announced it has raised $318 million in Series C equity capital. QIA led the raise, and several of BETA’s largest investors, including Fidelity Management & Research Company and TPG Rise Climate, increased their ownership in BETA. Longtime customer United Therapeutics has also joined this round as an investor.

Behavox: $70 Million Credit Facility From Hercules Capital Closed

By Amit Chowdhry ● Nov 7, 2024

Behavox, a leading provider of AI-driven compliance solutions for financial services, announced that it has secured a $70 million credit facility from Hercules Capital. This increases liquidity reserves on its balance sheet. And Behavox plans to use the funds for strategic acquisitions and the building of new products to deliver more value to compliance teams globally.

JUUNOO: $6.6 Million Raised To Accelerate The Transition To Sustainable Building Methods

By Amit Chowdhry ● Nov 7, 2024

JUUNOO, a design company that aims to accelerate the transition to sustainable building methods, announced that it received $6.6 million in funding from existing investors. The additional funding will enable JUUNOO to expand into the second stage of its master plan, which includes entering new sectors like education, healthcare, and hospitality. This new funding round comes after JUUNOO’s success in partnering with notable clients, including Two Trees, Industrious, and Deloitte.

Naptha AI: $6 Million Raised For Orchestrating Multiple AI Agents

By Amit Chowdhry ● Nov 7, 2024

Naptha AI, a platform that orchestrates multiple AI agents to optimize performance and drive innovation, announced a $6 million pre-seed raise, co-led by Arche Capital and Cyber Fund. This pre-seed funding is substantial for an initial fundraising of outside capital, positioning Naptha AI at the forefront of the next evolution of artificial intelligence. This funding round also includes participation from several other prominent industry angels and VCs, such as Seed Club Ventures, Polymorphic Capital, GnosisDAO, Halo Capital, and many others.

Verax AI: $7.6 Million (Seed) Raised In Round Led By TQ Ventures

By Amit Chowdhry ● Nov 7, 2024

Verax AI, a developer of enterprise-grade software solutions that offer visibility and control of AI in production, announced that it raised $7.6 million in seed funding led by TQ Ventures with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, and XTX Ventures.

Evommune: $115 Million (Series C) Secured To Advance Clinical-Stage Pipeline Addressing Chronic Inflammatory Diseases

By Amit Chowdhry ● Nov 7, 2024

Evommune - a clinical-stage biotechnology company discovering and developing new ways to treat immune-mediated inflammatory diseases - announced the completion of a $115 million Series C financing. The funding was co-led by new investors RA Capital Management and Sectoral Asset Management, along with participation from new investors B Capital, Marshall Wace, Avego Bioscience Capital, Longwood Fund, RTW Investments, ADAR1 Capital Management, NEXTBio Capital, Beiersdorf Venture Capital, FemHealth Ventures and Allostery Investments LP and existing investors, including Pivotal bioVenture Partners, EQT Life Sciences, Andera Partners, Amplitude Ventures, SymBiosis and Verition Fund Management.

ContraForce: Security Service Delivery Platform Raises $3.25 Million (Seed)

By Amit Chowdhry ● Nov 7, 2024

ContraForce, a security service delivery platform company, announced the closing of a $3.25 million seed funding round, co-led by GALLOS Ventures and DataTribe. This funding round enables ContraForce's mission to automate security operations and expand the security services opportunity for managed service providers.

BUDDY: Social Utility App Company Raises $1.1 Million (Pre-Seed)

By Amit Chowdhry ● Nov 7, 2024

BUDDY, the first-ever social utility app designed to get you off your phone, announced the completion of a pre-seed funding round with video game industry titans Tim Willits and Vince Zampella as the newest investors. 5x tech founder and first pro gamer Dennis Fong has signed on as an advisor. BUDDY has now raised $1.1 million in pre-seed funding, including from Paul Reim of Reim Advisors.

Inquis Medical: Thrombectomy Systems Focused Company Raises $40 Million (Series B)

By Amit Chowdhry ● Nov 7, 2024

Inquis Medical, a medical technology company specializing in advanced thrombectomy systems, announced the closing of its $40 million Series B funding round. This funding round was led by Marshall Wace (a globally recognized investment firm), with strong participation from existing investors, including ShangBay Capital, Yu Star, EnPointe Ventures, and Pierre Lamond. This funding positions Inquis Medical for significant growth and development as it advances its cutting-edge technologies and prepares for commercialization.

Advex AI: Manufacturing AI Vision Company Secures $3.5 Million (Seed)

By Amit Chowdhry ● Nov 7, 2024

Advex AI, a company that is addressing the critical data problem in AI Vision for manufacturing, announced their $3.5 million seed funding round led by Construct Capital, with participation from Pear VC, Emerson Collective, and notable angel investors Arash Ferdowsi (Dropbox founding CTO) and Ankit Jain (Infinitus CEO). The company also revealed its selection as a top 20 Finalist at this year's TechCrunch Disrupt Startup Battlefield.

CrossBridge Bio: $10 Million (Seed) Raised To Advance Antibody-Drug Conjugates As Targeted Cancer Therapies

By Amit Chowdhry ● Nov 7, 2024

CrossBridge Bio, a biotechnology company focused on dual-payload antibody-drug conjugates (ADCs) as targeted cancer therapies, announced the closing of a $10 million seed financing led by TMC Venture Fund and CE-Ventures (the corporate venture capital platform of Crescent Enterprises), with participation from Portal Innovations, Alexandria Venture Investments, Linden Lake Labs, and several pre-seed investors.

Algebrik AI: $4 Million (Series A) Raised To Advance Cloud-Native Loan Origination Platform

By Amit Chowdhry ● Nov 7, 2024

New York City-based Algebrik AI, a cloud-native and AI-based Loan Origination Platform, announced that it has successfully secured $4 million in Series A funding to accelerate the development of its groundbreaking loan origination software. The investment will be disbursed in two phases.

March Biosciences: $28.4 Million (Series A) Raised To Combat Cancers And Other Diseases

By Amit Chowdhry ● Nov 7, 2024

March Biosciences, an emerging clinical-stage biotechnology company focused on combating challenging cancers and other diseases, announced the closing of a $28.4 million Series A funding round. Mission BioCapital and 4BIO Capital led the funding, with participation from KdT Ventures, Alexandria Venture Investments, Volnay Therapeutics, Modi Ventures, and Mansueto Investments. Existing investors TMC Venture Fund, Cancer Focus Fund, Small Ventures, and Portal Innovations also participated in the round. And March Bio has raised over $51 million to date inclusive of all dilutive and non-dilutive funding.

eRESI: Additional Funding Raised From KKR

By Amit Chowdhry ● Nov 7, 2024

eRESI Capital - a mortgage funding platform that offers comprehensive private capital solutions to the residential mortgage market - announced that it has secured a new investment from insurance accounts managed by KKR. These insurance accounts had initially invested in eRESI in 2021.

Insider: AI-Native Omnichannel Experience And Customer Engagement Company Raises $500 Million (Series E)

By Amit Chowdhry ● Nov 7, 2024

Insider - a leading AI-native omnichannel experience and customer engagement platform - announced a $500 million Series E funding round led by General Atlantic, a leading global growth investor.

Berkshire Partners: Fund XI Closed With About $7.8 Billion In Commitments

By Amit Chowdhry ● Nov 7, 2024

Berkshire Partners—a Boston-based private equity firm focused on the middle market—announced the closing of Berkshire Fund XI with about $7.8 billion in capital commitments, making it Berkshire’s largest fund since the firm’s inception in 1986. Fund XI was meaningfully oversubscribed, which the firm believes emphasizes investors support for the firm’s multi-sector middle market investment strategy.

Melio: Accounts Payable And Receivable Platform Raises $150 Million

By Amit Chowdhry ● Nov 7, 2024

Melio, a leading accounts payable and receivable platform for small and medium businesses, announced it has raised an additional $150 million in a strategic funding round led by Fiserv. And Shopify Ventures and Capital One Ventures also participated in the funding round, which will help drive the company’s growth through partnerships. Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude and Thrive Capital also joined in the latest funding round.

Saw Mill Capital: $435 Million Fund III Closed For Driving Growth Of Lower Middle-Market Companies

By Amit Chowdhry ● Nov 7, 2024

Saw Mill Capital, a middle-market private equity firm focused on partnering with North American industrial services, professional services, and engineered products companies, announced the final closing of its $435 million Saw Mill Capital Partners III, LP. Fund III's diverse investor base includes insurance companies, consultants, public pensions, endowments, family offices, sovereign wealth funds, wealth managers and funds-of-funds across North America, Europe and around the globe.

Chicago Atlantic: $30 Million Senior Secured Credit Facility Closed For Deep Roots Harvest

By Amit Chowdhry ● Nov 7, 2024

Chicago Atlantic Admin announced that it acted as administrative agent on the funding of a $30 million senior secured credit facility for Deep Roots Holdings, a vertically integrated operator in Nevada with five open dispensaries, one dispensary planned to open in December 2024 and a standalone cultivation and processing facility.

Agrovision: $400 Million Credit Facility Closed For Global Expansion

By Amit Chowdhry ● Nov 7, 2024

Agrovision, a technology-driven global superfruit platform, announced the closing of senior secured credit facilities in an aggregate amount of $400 million. The proceeds from the financing, which includes an initial $230 million five-year term loan and a $150 million three-year revolving credit line, will be used to repay outstanding borrowings under the company’s existing $210 million credit facility and short-term credit lines.

415 Capital: €150 Million Second Fund Lanuched

By Amit Chowdhry ● Nov 7, 2024

415 Capital Management - a global leader in medical technology venture capital - announced the launch of its second fund 415 Capital Fund II, with a target of €150 million ($165 million).

DeepRoute.ai: $100 Million (Series C1) Raised To Develop Smart Driving Solutions

By Amit Chowdhry ● Nov 7, 2024

DeepRoute.ai, a leading artificial intelligence company specializing in developing smart driving solutions, announced a strategic Series C1 funding round at $100 million from a Chinese automotive OEM. This funding will enhance research and development in frontier end-to-end model DeepRoute IO, help scale global automakers' collaboration, explore future Robotaxi business, and support recruiting more AI-native talents.

MoneyStack: Funding Raised For Helping Those With Sports Betting Addiction

By Amit Chowdhry ● Nov 7, 2024

MoneyStack, a financial counseling platform for behavioral health care, announced a $250,000 pre-seed investment from the Richard King Mellon Foundation. The company will use the funds to accelerate the growth of its proprietary service for gambling addiction, GamFin, throughout the U.S. and expand partnerships with state agencies, non-profits, and other organizations across Pennsylvania.

Research Grid: $6.5 Million (Seed) Raised To Automate Back-Office Admin For Clinical Trials

By Amit Chowdhry ● Nov 6, 2024

Research Grid, an AI company that helps medical research institutions automate back-office admin for clinical trials, announced it has raised a $6.5 million seed round. The company will use this new funding round to double down on its mission of making clinical trials faster and more successful.

DoorLoop: Property Management Software Company Raises $100 Million (Series B)

By Amit Chowdhry ● Nov 6, 2024

DoorLoop, a market-leading all-in-one property management software company, announced a $100 million Series B funding round led by JMI Equity. The funding will empower the company to build upon its product offerings and deepen its leadership bench as it continues to stand out as an industry-leading centralized platform for property management.