Venture Capital

Traction Capital: Matt Meents Named As Strategic Growth Partner

By Amit Chowdhry ● Feb 7, 2025

Traction Capital announced that Matt Meents has joined the firm full-time as a Strategic Growth Partner. For this role, Meents will work closely with existing portfolio companies while also supporting future investments as Traction Capital prepares to launch its second fund in Q1 and Q2 of 2025.

X-energy: Advanced Nuclear Reactor Company Raises $700 Million (Series C-1)

By Amit Chowdhry ● Feb 7, 2025

X-Energy Reactor Company - a leader in advanced nuclear reactor and fuel technology - announced the closing of its upsized Series C-1 financing round of $700 million. Segra Capital Management, Jane Street, Ares Management funds, Emerson Collective, and others join the previously announced round anchored by Amazon.com's Climate Pledge Fund, an affiliate of Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation, NGP, and the University of Michigan.

Piano: Digital Experience Company Raises $120 Million, Including $45 Million (Series D)

By Amit Chowdhry ● Feb 7, 2025

Runway Growth Capital, a leading provider of growth loans to venture and non-venture-backed companies seeking an alternative to raising equity, announced its role as the lead lender in a $75 million senior secured term loan facility that is part of a $120 million financing to Piano, which is a global leader in digital experience management, customer journey orchestration, and advanced analytics. This financing also included a $45 million Series D investment led by Updata Partners, a Washington, D.C.-based growth equity firm focused on technology. This funding will enable Piano to optimize its platform, expand its market presence, and support strategic growth initiatives.

REEV: $9.2 Million Raised To Transform Mobility Assistance For Patients With Gait Disorders

By Amit Chowdhry ● Feb 7, 2025

REEV, a medical technology startup developing intelligent, lightweight wearable robotics, announced a $9.2 million funding round to accelerate its mission of transforming mobility assistance for patients with movement disorders. This funding round was led by Newfund Heka, Polytechnique Ventures, and Irdi Capital, with additional support from Techstars, business angels, and health care operators. Some contributors include French soccer player Raphael Varane and knee surgeon Herve Silbert, assembled by Scala Patrimoine, a multi-family office.

Cellid: $13 Million Raised For Advancing AR Glasses Display Development

By Amit Chowdhry ● Feb 7, 2025

Cellid - a developer of AR glasses displays and spatial recognition engines for next-generation devices - announced that it has raised a total of $13 million (JPY 2 billion) through a private placement with Development Bank of Japan as the lead investor and through a third-party allotment of new shares to funds managed or involved in the management of More Management Co., Ltd.; CVC fund jointly established by Kyocera Corporation and Global Brain Corporation; 15th Rock; and FFG Venture Business Partners. This latest funding brings Cellid's total funding to about $33 million (JPY 5.2 billion).

o15 Capital Partners: Nearly $400 Million Raised For Investing In Emerging American Companies

By Amit Chowdhry ● Feb 7, 2025

o15 Capital Partners - a mission-oriented alternative investment firm dedicated to providing growth capital to undercapitalized companies and communities - announced the closing of its inaugural fund, o15 Emerging America Credit Opportunities Fund LP, at about $370 million. The fund’s capital - combined with capital raised by o15 for related co-investment vehicles - totals nearly $400 million. This fund received strong backing from a group of leading institutional investors, including public and corporate pensions, foundations, banks, and family offices.

Technology Management Concepts: Strategic Growth Investment Raised From Haven

By Amit Chowdhry ● Feb 7, 2025

Technology Management Concepts (TMC), a Microsoft partner specializing in the entire Microsoft technology stack—such as Dynamics 365 (Business Central, Sales, Field Service, Customer Service, and Customer Insights), Office 365, Azure, and the Power Platform—announced a significant investment from Haven Capital Partners.

Milacron: Majority Investment Raised For $287 Million From Bain Capital

By Amit Chowdhry ● Feb 7, 2025

Bain Capital, a leading private investment firm, announced a majority investment in the Milacron Injection Molding and Extrusion business, a globally renowned provider of highly engineered plastic processing equipment and services. Bain Capital will partner with Milacron’s current owner, Hillenbrand, who will remain a significant investor in the business and accelerate the company’s continued growth. Bain Capital had entered into a definitive agreement to buy an ownership stake of approximately 51% of Milacron for $287 million, subject to customary closing adjustments. And Hillenbrand will retain an ownership stake of approximately 49%.

Tyba: $13.9 Million (Series A) Raised For Improving Profitability Of Energy Storage Projects

By Amit Chowdhry ● Feb 7, 2025

Tyba, a leading energy storage optimization platform, announced $13.9 million in Series A funding led by Energize Capital. This funding round includes new investments from Pear VC, Mobilize Climate Capital, and Borusan Ventures and follow-on investments from Powerhouse, Wireframe, Virta, and Lorimer. This brings Tyba's total funding to $18.15 million.

Presto: $15 Million (Seed) Raised For EV Charging Platform

By Amit Chowdhry ● Feb 7, 2025

Presto - an all-in-one EV charging platform - announced that it has raised $15 million in seed funding from Union Square Ventures, Congruent Ventures, Powerhouse Ventures, and Jetstream. And through Presto's app and APIs, fleets can find, charge, and pay for reliable on-the-go charging across thousands of Presto's partner public charging stations. This funding will be used to onboard new fleets, integrate more chargers, and add new features.