Venture Capital
It’s been 50 years since Venrock established itself to expose investors to venture capital opportunities. Today, the global venture capital industry tracks just south of $200 billion and continues to grow as new entrepreneurs, engineers, financiers, and thought leaders create the economy of tomorrow. The DailyAlts VC channel tracks the trends, opportunities, key thought leaders, and next-generation industries that will generate billions in returns.
Top Story
Matrix Partners India, a venture capital firm focused on investments in India, has announced the closure of its latest fund, securing over $550 million in commitments. This new fund from Matrix Partners is their largest dedicated to India so far.
Get Daily Updates
Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.
More Stories on Venture Capital
Venture Capital: ElevateBio Lands $401M Series D Funding
ElevateBio, a technology-driven company focused on cell and gene therapies, has announced the closing of a $401 million Series D financing round. The funding will be used to expand and scale ElevateBio’s cell and gene technology platforms, capabilities, and therapeutic pipeline. The company has seen significant growth over the past year, adding more than 15 new biopharma partners to its ecosystem, including collaborations with Moderna and Novo Nordisk in gene editing. ElevateBio has also made advancements in its technology platforms, including gene editing systems and multiplex base editing, allowing for the development of a wide range of therapeutics.
FinTech: Plenty, The Wealth Creation Tool For Couples, Lands $2.75M Pre-Seed Capital
Plenty, a fintech platform, has raised $2.75 million in pre-seed capital to launch its innovative financial solution for couples. The platform aims to modernize wealth building by providing accessible opportunities for couples to discuss, manage, and invest their money together. Investors in this funding round include Phenomenal Ventures, Kevin Durant and Rich Kleiman’s 35V, former CEO of Wealthfront Adam Nash, ex-Stripe angels, and Inovia Capital.
Venture Capital: QED Investors Wraps Up Two New Fintech Funds Collecting $925M
QED Investors, a prominent fintech venture capital firm, has announced the closure of two new funds, totaling $925 million in capital commitments. The oversubscribed Fund VIII amounts to $650 million and is aimed at early-stage businesses, while Growth II secures $275 million and focuses on later-stage fintechs.
Venture Capital: Anthropic Lands $450M Series C Including From Spark, Google, Salesforce
Anthropic, an AI software company, has announced a successful Series C funding round of $450 million, led by Spark Capital and with participation from Google (NASDAQ: GOOGL), Salesforce Ventures, Sound Ventures, Zoom Ventures, and others. This latest investment brings the total funding for Anthropic to approximately $1.45 billion. However, the company has not disclosed its current valuation, although estimates suggest it is around $4.1 billion.
Venture Capital: Cloud-based Restaurant Management Software Provider Restaurant 365 Lands $135M
Restaurant365, a leading restaurant enterprise management software provider, has announced a successful funding round of $135 million. The funding was co-led by global investment firms KKR and L Catterton, with participation from existing investors such as ICONIQ Growth and Bessemer Venture Partners.
Venture Capital: Water Treatment Specialist Gradiant Lands $225M
Gradiant, a global water and wastewater treatment solutions provider, has secured $225 million in Series D financing, led by BoltRock Holdings and Centaurus Capital. This funding brings Gradiant’s total funding to over $400 million and its valuation to $1 billion.
Venture Capital: Procurement Platform Zip Lands $100M Series C Round
Zip, an intake-to-pay platform, has raised $100 million in a Series C funding round, valuing the company at $1.5 billion. The funding was provided by investors including Y Combinator, CRV, and Tiger Global. With this investment, Zip’s total funding reaches $181 million.
Venture Capital: Industrial Robots Startup ANYbotics Lands $50M Funding
Swiss startup ANYbotics, a spinout from ETH Zurich, has raised $50 million in a Series B funding round led by Walden Catalyst and NGP Capital. ANYbotics develops four-legged autonomous robots for industrial use, specifically for inspection purposes in sectors such as oil and gas, mining, and chemicals.
Venture Capital: Kenyan Fintech M-Kopa Nabs over $250M In Debt And Equity Funding
Kenyan fintech company M-Kopa has raised over $250 million in debt and equity to support its expansion plans in sub-Saharan Africa. Standard Bank Group, the largest lender in Africa, led the debt-funding round, with participation from other investors such as the International Finance Corp., British International Investment, Mirova SunFunder, and Nithio. Additionally, $55 million was raised through equity investments from Summit Corp., Blue Haven Initiative, Lightrock, Broadscale Group, and others.
Venture Capital: AMP Robotics Raises Series C Funding From Microsoft’s Climate Innovation Fund
Microsoft’s (NASDAQ: MSFT) Climate Innovation Fund has invested in AMP Robotics Corp. (AMP), a company that applies AI, robotics, and infrastructure to the waste and recycling industry. The latest investment is part of AMP’s Series C round and brings the total funding to over $99 million.
Venture Capital: 8fig, A Finance Provider To E-Commerce Sites, Lands $140M Series B
8fig, a company that offers growth and funding solutions to small to medium-sized eCommerce businesses, has secured $140 million in a Series B funding round. The funding was led by Koch Disruptive Technologies, with participation from existing investors Battery Ventures, Localglobe, Hetz Ventures, the Jesselson family, and Silicon Valley Bank.
Venture Capital: Enterprise Energy-as-a-Service Provider Redaptive Lands $50M
Redaptive, a provider of Energy-as-a-Service solutions, has received an additional investment from Linse Capital in its series E funding round. This funding is a significant milestone in the expansion of Redaptive’s offerings to support more customers.
Venture Capital: Germany’s HV Capital Closes Ninth Fund At Record €710M ($782M)
HV Capital, a German VC fund, has successfully raised €710 million for its newest investment fund, HV Capital Fund IX, which will allow them to continue investing in high-growth companies across various sectors. The new fund will be divided into two vehicles, Fund IX Venture and Fund IX Growth, with investment sizes ranging from €500,000 to €60 million.
Venture Capital: Convergent Therapeutics Lands $90M For Treatment Of Cancers Using Radiopharmaceuticals
Convergent Therapeutics Inc., a clinical-stage biotech firm specializing in developing next-generation radiopharmaceuticals for cancer treatment, has completed a $90 million Series A financing led by OrbiMed and RA Capital Management, with Invus participating.
Venture Capital: Network Software Provider Mavenir Lands $100M
Telco network focused, cloud-based software developer Mavenir has closed on a $100 raise that will enable it to advance digitization of its clients with software including IMS, Converged Packet Core and Open RAN, and artificial intelligence.
Venture Capital: Delivery Drone Maker Zipline Lands $330M Series F Round
Drone delivery startup Zipline has raised $330 million in a Series F funding round, increasing its valuation to $4.2 billion, up from $2.7 billion two years ago. The company’s autonomous delivery drones were first deployed in Rwanda in 2016 and later expanded to Ghana, Cote d’Ivoire, Japan, Kenya, and Nigeria.
Venture Capital: Top VCs Lap Up OpenAI’s $300M Tender Offer Of Shares
OpenAI, the startup that created ChatGPT, a widely used conversational AI model, has reportedly gained new financial backers, including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global. The venture capital (VC) firms have invested more than $300 million at a valuation of $27 billion – $29 billion.
Venture Capital: As Generative AI Booms, Pinecone Lands $100M Series B
Pinecone Systems Inc. has secured $100 million in funding in a recent investment round led by Andreessen Horowitz, which puts the company’s valuation at $750 million. The New York-based startup provides vector data storage for large language models that form a core component of the infrastructure that supports AI tools.
Venture Capital: Ohmium, Maker Of Green Hydrogen Electrolyzers, Lands $250M Series C
Ohmium International, a green hydrogen company that manufactures proton exchange membrane (PEM) electrolyzer systems, has raised $250 million in a series C growth equity financing round led by TPG Rise Climate. Other participants include Hanover Technology Investment Management, Energy Transition Ventures, and Fenice Investment Group.
Venture Capital: Hydrosat Raises $20M For Satellite Monitoring Of The Earth
Hydrosat, a geospatial data analytics company, has raised $20 million in government grants and investments for its climate change campaign. Statkraft Ventures led the funding round, which also included Blue Bear Capital, Hartree Partners, Freeflow Ventures, OTB Ventures, Cultivation Capital, Expon Capital, Techstars, Santa Barbara Venture Partners, and Hemisphere Ventures.
Venture Capital: Venture Capitalist Firms Form UN-Backed “Venture Capital Alliance (VCA)”
The Venture Capital Alliance (VCA) has launched with more than 20 VC firms as members, including Tiger Global and Union Square Ventures, with the goal of encouraging the VC industry to increase commitments to climate tech.
Venture Capital: Equipment Provider EquipmentShare Lands $290M Series E
EquipmentShare, a provider of equipment and digital solutions to the construction industry, has successfully completed a $290m funding round. The Series E funding round was led by funds affiliated with BDT Capital Partners. It also included new investors such as Brown Advisors, and existing investors, including RedBird Capital Partners, Tru Arrow Partners and Sound Ventures.
FinTech: Women-Led Vesey Ventures Closes $78M Fund For Fintech Startups
Vesey Ventures, an early-stage venture capital firm, has raised $78 million for its debut fund to invest in fintech and enabling technology companies, primarily in the US and Israel. The fund’s founders are three former managing directors at Amex Ventures, Lindsay Fitzgerald, Dana Eli-Lorch, and Julia Huang.
Venture Capital: Noah Medical Lands $150M For Its Robotic Bronchoscopy System
Noah Medical, a medical robotics company, has raised $150 million in Series B funding to expand the adoption of their Galaxy System and accelerate research and development for non-invasive platforms for patient diagnosis and treatment.