Venture Capital

Booster Therapeutics: $15 Million Raised For Advancing New Class Of Proteasome Activator Medicines

By Amit Chowdhry ● Oct 15, 2024

Booster Therapeutics, a biotechnology company pioneering a new class of proteasome activator medicines to treat neurodegenerative and other diseases, launched with the support of a $15 million financing led by noted life sciences investors Apollo Health Ventures and Novo Holdings. Booster was created by Dr. Diogo Feleciano, Prof. Dr. Darci Trader, and Apollo Health Ventures, emerging from Apollo's company creation investment strategy. The company is developing small molecule therapeutics that boost the innate activity of proteasomes to restore the body’s ability to remove a wide range of disease-causing proteins.

Holobiome: Microbiome Platform Company Raises $9 Million (Seed)

By Amit Chowdhry ● Oct 15, 2024

Holobiome announced it closed an oversubscribed Seed round of $9M. The funding round was led by iSelect Fund, with major participation from Corundum Systems Biology, Satori Neuro, SkyRiver Ventures, Pace Ventures, Valor Equity Partners, and Astanor. The company's initial success with substantial non-dilutive funding laid the groundwork for this institutional round.

Fission Labs: DeFi Application Company Raises $1.6 Million (Pre-Seed) To Bring Venture Capital On Chain

By Amit Chowdhry ● Oct 15, 2024

Fission announced a $1.6 million pre-seed funding round led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge). Fission - the first DeFi application built to bring venture capital on chain - launched its testnet on Ethereum.

Best Egg: $500 Million Purchase Commitment Secured To Enable More Offerings Of Personal Loans

By Amit Chowdhry ● Oct 15, 2024

Best Egg announced it has secured a $500 million purchase commitment to facilitate the growth of the company's personal loan product. The purchase facility, led by funds managed by affiliates of Fortress Investment Group along with Edge Focus, includes a forward-flow purchase commitment and purchases of back-book loans facilitated by the Best Egg platform.

Farther: Financial Advisory Firm Raises $72 Million (Series C) At $542 Million Valuation

By Amit Chowdhry ● Oct 15, 2024

Farther, a leading technology-centric financial advisory firm, announced it closed a $72 million Series C funding round to expand its advisor network and enhance its wealth management platform. The funding round was co-led by CapitalG, the independent growth fund of Alphabet, and Viewpoint Ventures. This funding round elevates Farther's post-money valuation to $542 million.

FlexFactor: Decline Recovery Solutions Provider Secures $16.8 Million

By Amit Chowdhry ● Oct 15, 2024

FlexFactor, a provider of decline recovery solutions for eCommerce brands, announced it raised $16.8 million in Series A funding. The funding round was led by Bessemer Venture Partners, with additional participation from seed investors.

Numeric: $28 Million (Series A) Secured To Build A Next-Gen Financial Data Platform

By Amit Chowdhry ● Oct 15, 2024

Numeric announced it has raised a $28 million Series A round led by Menlo Ventures. Participation was from new investors IVP and Socii Capital and existing investors Founders Fund, 8VC, Long Journey, Access Industries, Friends & Family Capital, and others. This funding will accelerate engineering hiring and product development, supporting Numeric's aim to enable real-time decision-making from financial data.

Vultron: AI-Based Proposal Solution Company Raises $4.85 Million (Seed)

By Amit Chowdhry ● Oct 15, 2024

Vultron, an AI-based proposal development solution for the public sector, announced that it has secured $4.85 million in seed funding. The funding round was led by Craft Ventures and Long Journey Ventures, with participation from South Park Commons, Conviction Embed, and angel investors including Gokul Rajaram, Josh Buckley, Lenny Rachitsky, and others.

Recast Capital Reveals Second Cohort For Accelerate Program

By Amit Chowdhry ● Oct 15, 2024

Recast Capital, a platform focused on investing in and supporting emerging managers in venture, announced the second cohort of Recast Accelerate, a catalytic program designed to drive the success of women and nonbinary-led, early stage US funds in venture capital.

ShiraTronics: $66 Million (Series B) Raised To Develop Neurostimulation Therapies For Chronic Migraine Patients

By Amit Chowdhry ● Oct 15, 2024

ShiraTronics, a clinical-stage medical device company developing neurostimulation therapies for chronic migraine patients, announced the closing of a $66 million Series B financing. The funding round was led by new investor Norwest Venture Partners, with participation from additional new investors Seroba, OSF Ventures, the Global BioAccess Fund and an undisclosed strategic investor. Returning investors U.S. Venture Partners, Amzak Health, Treo Ventures, and Aperture Venture Partners also joined the round.

Gate Ventures, Movement Labs, And Boon Ventures: $20 Million Fund Launched For Web3 Companies

By Amit Chowdhry ● Oct 15, 2024

Gate Ventures (a global venture capital firm specializing in blockchain), Movement Labs (a leader in Move-based blockchain technology), and Boon Ventures (an emerging tech startup investor), announced the establishment of a $20 million fund designed to transform the Web3 space. This alliance will invest in cutting-edge projects and accelerate the development of Move-based blockchain technologies.

Barings: $134 Million In Financing Provided For Mixed-Use Development In NC

By Amit Chowdhry ● Oct 15, 2024

Barings, one of the world’s largest diversified real estate investment managers, announced that it has provided a $134 million loan to refinance the existing Smoky Hollow in Raleigh, North Carolina loan. A joint venture between Kane Realty Corporation, Williams Realty & Building Company, and Lionstone Investments delivered the mixed-use development in 2020.

Dryvebox: Mobile Golf Simulator Company Raises New Funding Round

By Amit Chowdhry ● Oct 15, 2024

Mobile golf simulator company Dryvebox announced additional funding and new investors joining its mission of cultivating golf everywhere. Launched in 2020, the off-course golf entertainment company revolutionizes golf experiences through weatherproof, climate-controlled, and solar-powered mobile golf simulators (Boxes). Dryvebox has grown to 30+ technology-fueled Boxes operating across the United States and Canada, with more set to launch in the coming months.

LEVY Health: Reproductive Technology Company Raises $4.5 Million

By Amit Chowdhry ● Oct 15, 2024

LEVY Health, an innovator in reproductive health technology, announced it has raised $4.5 million led by San Francisco-based venture firm XYZ Venture Capital, with additional participation from Atlantic Labs and Possible Ventures.

Swell VC: Fund II Closed With $11.5 Million In Commitments

By Amit Chowdhry ● Oct 15, 2024

Swell VC, an early-stage venture capital firm investing in market-defining opportunities, announced it closed Fund II with $11.5 million in commitments. And the fund’s backers include a diverse mix of successful founders, family offices across tech, finance, and real estate, and several NYC tech investors and Fortune 500 executives.