Weekly-Round-Up-February 20th to February 26th
February 27, 2023
inDrive, a mobility and urban services platform, has announced that it has secured $150 million from General Catalyst in a new hybrid instrument to support marketing spend, including user acquisition and retention costs. This new funding will provide inDrive with greater financial flexibility and help the company grow. General Catalyst previously participated in Insight Partners’ $150 million Series C financing round in 2021.
Hemab Therapeutics, a clinical-stage biotechnology firm developing the first preventative treatments for critical, underserved bleeding and thrombotic illnesses, has closed a $135 million Series B investment round. Access Biotechnology led the investment, with Deep Track Capital, Avoro Ventures, Invus, Rock Springs Capital, and Maj Invest Equity joining existing investors Novo Holdings, RA Capital Management, and HealthCap.
Chaos Labs has revealed that it has secured $20 million in venture funding. Chaos Labs is the developer of the first completely automated economic security mechanism for crypto protocols. Galaxy and PayPal Ventures led the investment, with Coinbase, Uniswap, Lightspeed, Bessemer, Hashkey, and notable angels such as Balaji Srinivasan and Naval Ravikant also participating. Chaos Labs intends to use the funds to broaden its offerings and develop its array of risk and security products. In its first year of operation, Chaos Labs collaborated with major Decentralized Finance (DeFi) customers such as Aave, Chainlink, Uniswap, BENQI, and Osmosis to secure and optimize the protocols against manipulation and black swan market events, as well as to provide capital optimization recommendations.
Gridium, a decarbonization partner to top real estate organizations, disclosed total fundraising of more than $14 million from investors interested in decarbonizing commercial buildings. Following a year of record revenues across Gridium’s software and decarbonization project financing offerings, lead investor Navitas Capital joined other commercial real estate luminaries-Lincoln Property Company and Tim Naughton, current Chairman and former CEO of AvalonBay-in providing additional equity funding.
Spreetail, a worldwide e-commerce accelerator catering to manufacturers and pioneering the milestone of achieving $1B in revenue in 2021, has concluded a funding round that has secured $208M. The investment was fortified by McCarthy Capital, internal management, and other investors, in partnership with Moelis & Company LLC, which served as the sole placement agent. This infusion of funds is aimed at strengthening the company’s business operations.
Slync.io has disclosed that it has obtained $24 million in fresh venture capital funding.The investment round was spearheaded by Goldman Sachs and featured contributions from Blumberg Capital, ACME Ventures, Gaingels, and other current investors.
Vytalize Health, a leading risk-bearing provider enablement platform, announced a $100 million fundraising round headed by Improved Healthcare Partners and Monroe Capital, with participation from North Coast Ventures.
Vitally, a leading Customer Success Platform (CSP), announced a $30 million Series B fundraising round to accelerate product innovation for B2B Customer Success teams and increase worldwide reach. Next47 led the investment, with participation from new investors HubSpot Ventures and NewView Capital. Andreessen Horowitz (a16z), which led Vitally’s Series A financing, is among the other investors.
Weekly Round-Up – Feb 13 to Feb 19
Weekly Round-Up – Feb 6 to Feb 12