Venture Capital

Truework Reels In $50 Million Series C

SAN FRANCISCO — Truework, a company that provides income and employment verification for the nation’s largest mortgage, auto, and consumer lenders, has raised $50 million in Series C funding. Leading the Series C round was G Squared, with returning investors Sequoia Capital, Activant Capital, and Khosla Ventures also participating. New investors include Indeed, Human Capital, and Four […]

Venture Capital

Avicena Secures $25 Million Series A

MOUNTAIN VIEW — AvicenaTech Corp., a developer of microLED-based chip-to-chip interconnects, has secured $25 million in Series A funding from Samsung Catalyst Fund, Cerberus Capital Management, Clear Ventures, and Micron Ventures to drive the development of products based on Avicena’s breakthrough photonic I/O solution. “We believe that Avicena technology can be transformational in unlocking compute-to-memory […]

Venture Capital

Bill Gates’ Firm Invests in Terabase Energy

BERKELEY — Terabase Energy has announced a $44 million Series B financing co-led by Breakthrough Energy Ventures (founded by Bill Gates) and Prelude Ventures with additional participation by SJF Ventures and other existing investors. The round brings Terabase’s total funding to $52 million and will be used to support the company’s mission to reduce the cost and increase the scalability of solar by building […]

Venture Capital

Carmot Therapeutics Closes $160 Million Series D

BERKELEY — Carmot Therapeutics, Inc., a clinical-stage biotechnology company applying its proprietary drug discovery platform, Chemotype Evolution, to discover and develop disease-modifying therapies in metabolic disease and cancer, has closed a $160 million Series D financing. The funding will support the completion of phase 2 studies for CT-388, a once weekly, dual modulator of the […]

Venture Capital

Nomad Scores $22.4 Million Seed Round

SAN FRANCISCO — Nomad, a security-first cross-chain messaging protocol, announced crypto industry giants Coinbase Ventures, OpenSea, Crypto.com Capital, Wintermute, Gnosis, Algaé, and Polygon as participants in their April 2022 $22.4 million seed round. “Because Nomad provides a trust-minimized protocol for cross-chain messaging, there are potential applications that go well beyond just token bridging,” said Anurag […]

Venture Capital

Switchboard Turns On $25 Million Series A

SAN FRANCISCO — Switchboard, a cloud coworking space, has raised $25 million in Series A funding led by Icon Ventures, with participation from existing investors Sequoia Capital, XYZ Venture Capital, and Spark Capital. The Series A brings Switchboard’s total funding to date to just over $38M. Switchboard launched publicly into beta in May, and has […]

Venture Capital

Lightspeed Raises Over $7 Billion in New Funds

MENLO PARK — Lightspeed Venture Partners announced the closing of three new funds: Lightspeed Venture Partners XIV-A/B, L.P. (“Fund XIV”) with $1.98 billion, Lightspeed Venture Partners Select V, L.P. (“Select Fund V”) with $2.26 billion, and Lightspeed Opportunity Fund II, L.P. (“Opportunity Fund II”) with $2.36 billion of committed capital. Separately, Lightspeed India Partners announced […]

Venture Capital

ZEDEDA Closes $26 Million Series B

SAN JOSE — ZEDEDA, a specialist in edge orchestration, announced that it has closed $26 million in Series B funding, capping a period of exponential growth. The broad range of new and existing investors — including Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, Juniper Networks, Rockwell Automation, Samsung […]

Venture Capital

Anvilogic Secures $25 Million

PALO ALTO — Anvilogic, a Security Operations Platform that brings a cloud-based security data lake to life, has secured $25 million in Series B funding. The round was led by Outpost Ventures – a Neuberger Berman fund, with participation from Xerox Ventures, G Squared, Foundation Capital, Point72 Ventures and Cervin Ventures. This round brings Anvilogic’s total […]

Venture Capital

BigHat Biosciences Scores Big $75 Million Round

SAN MATEO — BigHat Biosciences, a biotechnology company developing safer, more effective antibody therapies for patients using machine learning and synthetic biology, has raised a $75 million Series B funding round, led by Section 32, with participation from new investors Amgen Ventures, Bristol Myers Squibb, Quadrille Capital, Gaingels, GRIDS Capital, among others. The investment brings BigHat’s total funding to date […]

Venture Capital

Venture Capital Firm Headline Closes $954 Million in Three Funds

SAN FRANCISCO and BERLIN — Headline, a global venture capital firm, has closed $954 million in new capital across three distinct early-stage funds: Headline US VII, a $408M North America-focused fund based out of San Francisco; Headline EU VII, a €320M pan-Europe-focused fund based out of Berlin; and Headline Brazil III, a R$915M Latin America-focused […]

Venture Capital

Chevron, Google Invest $250 Million in TAE Technologies

FOOTHILL RANCH, CA — After achieving temperatures greater than 75 million degrees Celsius and demonstrating unmatched real-time control of plasma with its state-of-the-art fusion research reactor, Norman, TAE Technologies has secured $250 million in strategic and institutional investments to fund the construction of its next research reactor, Copernicus. Chevron, Google, Reimagined Ventures, Sumitomo Corporation of Americas, and […]