USA-based Quanta Therapeutics raises USD 50.7 million in Series D
California, USA-based biopharmaceutical company pioneering targeted therapies to treat RAS-driven cancers, Quanta Therapeutics, raises USD 50.7 million in Series D financing. The round took place on May 22, 2023. Avidity Partners led the financing for the company. Meanwhile, Sofinnova Investments, Vida Ventures, and Surveyor Capital (a Citadel company) provided the investment. Besides, Longitude Capital, BVF Partners and AbbVie Ventures...
Israel-based financial planning and analysis startup Firmbase raises USD 12 million in funding
The Israeli city of Tel Aviv, May 22, 2023 -- With the announcement of USD 12M in investment for its Financial Planning and Analysis (FP&A) platform. S Capital, Meron Capital, an extensive collection of unicorn startup founders, well-known angel investors, and executives from Google, Amazon, and Microsoft, participated in the round, which S Capital led. Firmbase can be adopted...
Advanced AI-based startup Axelera AI raises USD 50 million in Series A funding
Valley represents SILICON Netherlands and California. Axelera AI, the company that offers the most powerful and cutting-edge solutions for AI at the Edge, announces the addition of more investors to their oversubscribed Series A round, bringing the total amount raised to USD 50 million. Verve Ventures, Fractionelera, and CDP Venture Capital have all joined the round recently. The latter...
Canada-based Swiftsure Innovations closes seed funding at CAD 2.3 million
Pasadena, Canada-based oral care company Swiftsure Innovations closed its seed funding at CAD 2.3 million. The round took place on May 22, 2023. Pelorus VC led the financing for the company. Meanwhile, Sandpiper Ventures and pan-Canadian consortium MEDTEQ+ and several other pre-seed investors joined in the round. Purpose of financing for Swiftsure Innovations With the latest capital injection, Swiftsure Innovations seeks...
USA-based FlowX.AI raises USD 35 million in Series A
Delaware, USA-based AI enterprise application modernization platform for large financial services organizations, FlowX.AI, raised USD 35 million in Series A. The round took place on May 22, 2023. London-based and Europe's leading specialist B2B software investor, Dawn Capital, led the financing for the company. Meanwhile, existing investors PortfoLion, SeedBlink, and DayOne Capital participated in the Series A funding. Purpose of financing...
California-based management software startup Restaurant365 raises USD 135 million in funding
May 19, 2023, IRVINE, Calif. -- ICONIQ Growth and Bessemer Venture Partners are among the current investors in Restaurant365. This industry-leading all-in-one restaurant enterprise management software announced it has agreed to a USD 135M funding round co-led by global investment firms KKR and L Catterton. Restaurant365 is revolutionizing the business by giving owners cutting-edge ways to boost profits, reduce food...
Colorado-based clean energy startup Odyssey raises USD 15 million in Series A funding
May 19, 2023, BOULDER, Colorado -- With participation from Equal Ventures, Twelve Below, Transition, Equator, MCJ Collective, Abstract Ventures, Founder Collective, and Climate Capital, Odyssey, a business-in-a-box software platform for distributed energy in emerging markets, today announced the closing of its USD 15 million Series A round. The additional capital will be utilized to enhance Odyssey's primary product offerings...
USA-based TDK Ventures launches USD 150 million Fund EX1
California, USA-based TDK Corporation's subsidiary TDK Ventures Inc. launched its third fund of USD 150 million, Fund EX1. The company announced the launch on May 19, 2023. Amperex Technology Limited (ATL), TDK's Hong Kong-based lithium-ion rechargeable batteries specialist, is a limited partner to Fund EX1. Purpose of the fund by TDK Ventures With the launch of the new fund, the company seeks...
UK-based Orbital Witness raises GBP 7.5 million in Series A
London, UK-based company that transforms the legal processes in property transactions through machine learning and AI, Orbital Witness raised GBP 7.5 million in Series A financing. The round took place on May 19, 2023. PropTech venture firm Parker89 led the financing for the firm. Meanwhile, LocalGlobe, Outward VC, Seedcamp, Portfolio Ventures, and Realty Corporation joined in the funding. Purpose of...
USA-based Instawork raises USD 60 million in recent financing
San Francisco, USA-based provider of a platform for connecting businesses with skilled hourly workers, Instawork raised USD 60 million in Series D financing. The round took place on May 18, 2023. TCV led the financing for the company. Meanwhile, new investor 9Yards Capital, Larry Fitzgerald Jr., joined in the round. Besides, existing investors such as Benchmark, Spark Capital, Craft...
