Will Inflation Be Reduced? Time Will Tell
The IRA bill was signed into law. Tough work ahead.
Diversity Efforts
Yellow Card Financial, a pan-African cryptocurrency exchange, raised $40 million in Series B funding. Polychain Capital led and was joined by Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, and DG Daiwa Ventures.
Remedial Health, a Nigerian digital pharmacy startup, raised $4.4 million in seed funding. Global Ventures led and was joined by Tencent, Y Combinator, Cathexis Ventures, LightSpeed Venture Partners Scout Fund, Ventures Platform, Alumni Ventures, and True Capital Management.
Vendease, a Nigerian food procurement platforms for restaurants, raised $20 million in Series A equity funding (plus $10 million in debt) co-led by TLcom Capital and Partech Africa.
NowNow, a Nigerian payments startup, raised $13 million in seed funding from NeoVision Ventures, the DLF Family Office, and Shadi Abdulhadi.
Kippa, a Nigerian financial management application for merchants, raised $8.4 million in seed funding from Goodwater Capital, TEN13 VC, Rocketship VC, Saison Capital, Crestone VC, VentureSouq, Horizon Partners, and Vibe Capital.
Bitmama, a Nigerian blockchain payments startup, raised $2 million in pre-seed funding co-led by Unicorn Growth Capital and Launch Africa.
Neem, a Pakistani embedded finance startup, raised $2.5 million in seed funding led by SparkLabs Financial.
Initial Public Offerings
The big IPO of September was Porsche’s offering on the Frankfurt Stock Exchange, raising €8.2 billion ($8 billion).
Mergers & Acquisitions
Adobe agreed to acquire Figma for $20 billion in cash and stock.
CVS agreed to acquire Signify Health for about $8 billion in cash.
Google completed its $5.4 billion acquisition of Mandiant in cash.
Unity Software will go forward with acquiring IronSource for $4.4 billion.
Mega-Rounds
There were about 45 mega-rounds in September. There were a few very big rounds.
South San Francisco-based Verily raised $1 billion in funding led by Alphabet, which spun out Verily as an independent subsidiary in 2015.
Reverse Mergers
Indiev, a Vernon, Calif.-based electric vehicle startup, agreed to go public at an implied $600 million valuation via Malacca Straits Acquisition Co. (Nasdaq: MLAC).
Great Southern Homes, a homebuilder in Georgia and South Carolina, agreed to go public at an implied $572 million enterprise value via DiamondHead Holdings Corp. (Nasdaq: DHHC), a SPAC led by David Hamamoto (ex-Colony Capital).
Nature’s Miracle, an Upland, Calif.-based provider of indoor growing software and hardware, agreed to go public at an implied $265 million valuation via Lakeshore Acquisition II (Nasdaq: LBBB).
Agtech/Foodtech
New York-based Gotham Greens raised $310 million in Series E funding co-led by BMO Impact Investment Fund and Ares Management and joined by Commonfund, RockCreek, Kimco Realty Corporation, Manna Tree Partners, and The Silverman Group.
Thailand’s Line Man Wongnai raised $265 million in Series B funding, valuing the startup at more than $1 billion. GIC led the round and was joined by Taiwan Mobile Co., BRV Capital Management, and PTT Oil & Retail Business.
Paris-based Innovafeed raised $250 million in Series D funding led by Qatar Investment Authority and joined by ADM, Cargill, Future French Champions, ABC Impact, IDIA Capital Investissement, Grow Forward, and existing investors Creadev and Temasek.
San Francisco-based Grub Market raised $120 million at a valuation of more than $2 billion from General Mills, Squarepoint Capital, Portfolia, Grosvenor Food & AgTech and existing investors Tiger Global, Liberty Street Funds, Walleye Capital, Celtic House Asia Partners, and Apeira Capital.
Swiftly of Millbrae, Calif., raised $100 million from BRV Capital Management at a valuation of more than $1 billion.
True Food Kitchen raised $100 million co-led by HumanCo and Manna Tree, joined by Centerbridge Partners.
France’s Not So Dark raised $80 million in Series B funding co-led by Kharis Capital and Verlinvest, joined by Convivialité Ventures.
Santa Barbara-based Kate Farms raised $75 million in Series C funding led by Novo Holdings and joined by Goldman Sachs, Kaiser Permanente Ventures, and Main Street Advisors.
Switzerland’s Planted raised about $72 million in Series B funding led by L Catterton Management.
Taranis raised $40 million in Series D funding. The round, which brought total funding to $100 million, was led by Inven Capital, with participation from Seraphim Space Investment Trust, Farglory Group, Vertex Growth, Viola Ventures, Vertex Ventures Israel, La Maison Partners, Hitachi Ventures, K3 Ventures, UMC Capital, OurCrowd, Micron Ventures, iAngels Ventures, Presidio Ventures, Cavallo Ventures, Finistere Ventures, and Eyal Gura.
Nigeria’s Vendease raised $30 million in equity and debt financing co-led by TLcom Capital and Partech Africa.
Aqua-Yield of Sandy, Utah, raised $23 million in Series A funding led by Larry H. Miller Company with participation from Penny Newman Grain Company and San Leonardo.
Next Level Burger of Bend, Ore., raised $20 million in funding. Lead investors include a strategic organic and natural foods partner, private high-net-worth, mission-driven shareholders, as well as early-stage vegan investor couple Alex Payne, formerly of Twitter and Simple Bank, and Nicole Brodeur as minority stakeholders.
Bond Pet Foods of Boulder, Calif., raised $17.5 million in Series A funding from ADM Ventures, Cavallo Ventures, Genoa Ventures, Lever VC, Thia Ventures, iSelect Fund, Stage 1 Fund, Lifely VC, and Satori Capital.
InnerPlant of Davis, Calif., raised $16 million in Series A funding led by John Deere and joined by MS&AD Ventures, Bee Partners, UpWest, and TAU Ventures.
Paris-based Standing Ovation raised €15 million ($14.5 million) in Series A funding led by Astanor Ventures and joined by Peakbridge, Seventure Partners, Big Idea Ventures, and Good Startup.
Agtonomy raised $13.5 million in seed funding led by Cavallo Ventures and Mirae Asset Venture Investment.
Bachan’s Japanese Barbecue Sauce of Sebastopol, Calif., raised $13 million in new funding led by Sonoma Brands Capital.
London-based PlanetWatchers raised $11 million in Series A funding. Seraphim Investment Trust and Creative Ventures co-led, joined by Trendlines Agrifood Fund, BIG Capital, and Ridgeline Partners.
BioBetter of Kiryat Shmona, Israel, raised $10 million in Series A funding led by Jerusalem Venture Partners and joined by Milk and Honey Investments and the Israeli Innovation Authority.
Maev of Austin, Texas, raised $10 million in Series A funding led by VMG Partners and joined by BFG Partners, Willow Growth Partners, Springdale Ventures, DX Ventures, Contrary Capital, Good Friends, and 1st Course Capital.
Nashville-based Rootine raised $10 million in Series A funding led by Relevance Ventures and joined by Techstars and DSM Venturing.
Flavrs, a food-focused creator application, raised $7 million in seed funding from Andreessen Horowitz, David Grutman, Eric Ripert, and Tom Colicchio.
Puna Bio raised $3.7 million in seed funding co-led by At One Ventures and Builders VC.
In other news: California-based PowerPlant Partners raised a $330 million investment fund for plant-based consumer food startups and beverage brands.
Artificial Intelligence/Machine Learning
San Francisco-based Brightflow AI raised $15 million in Series A funding led by Haymaker Ventures and $100 million in debt funding from 180 Group.
New York-based Arthur raised $42 million in Series B funding led by Acrew Capital and Greycroft Ventures.
London-based PolyAI raised $40 million in Series B funding led by Georgian Partners Growth with participation from Twilio Ventures, Khosla Ventures, Point72 Ventures, and Amadeus Capital Partners.
Berlin-based Latana raised €36 million (nearly $35 million) in Series B equity and debt financing led by Oxx, with participation from Balderton Capital and Kreos Capital (debt financing).
Arize AI of Mill Valley, Calif., raised $38 million in Series B funding led by TCV and joined by Battery Ventures and Foundation Capital.
Alcatraz AI of Cupertino, Calif., raised $25 million in Series A funding led by Almaz Capital and included EBRD (The European Bank for Reconstruction and Development), Endeavor Catalyst, Silverline Capital, and Golden Seeds, along with participation from existing investors JCI Ventures (the corporate venture arm of Johnson Controls), Ray Stata, and LDV Partners.
Diveplane of Raleigh, N.C., raised $25 million in Series A funding led by Shield Capital and joined by Calibrate Ventures, L3Harris Technologies, and Sigma Defense.
Zartico of Salt Lake City raised $20 million in Series A funding led by Arthur Ventures and joined by Peterson Partners.
Ideon Technologies, a Canadian provider of high-resolution subsurface imaging for the mining industry, raised US$16 million in Series A funding led by Playground Global.
Invisible AI raised $15 million in Series A funding led by Van Tuyl Cos. and joined by FM Capital and existing investors 8VC, Sierra Ventures, K9 Ventures, and Vest Coast Capital.
Optellum of the U.K. raised $14 million in Series A funding led by Mercia and joined by Intuitive Ventures, Black Opal Ventures, the University of Oxford, IQ Capital, and the family office of Martin and Audrey Wood.
Everest Labs of Fremont, Calif., raised $16.1 million in Series A funding led by Translink Capital and joined by NEC Orchestrating Future Fund, BGV, Sierra Ventures, Morado Ventures, and Xplorer Capital.
San Francisco-based Rephrase.ai raised $10.6 million in Series A funding led by Red Ventures and joined by 8VC and Silver Lake.
Alitheon of Mountain View, Calif., raised $10 million in Series A funding led by BMW I Ventures.
Murf AI of Salt Lake City raised $10 million in Series A funding led by Matrix Partners and joined by existing investor Elevation Partners.
San Francisco-based TrueFoundry raised $2.3 million in funding led by Sequoia India Surge.
London-based Mindset AI raised £1.65 million ($1.9 million) in funding. Backers include Mercia (from its EIS funds) and angel investors.
Trensition of Ghent, Belgium, raised €1.8 million ($1.76 million) in funding led by Ageas and Capricorn Partners.
Automotive/Autonomy/Mobility
TeraWatt Infrastructure, the developer of an EV charging network for fleets, raised more than $1 billion in Series A funding from Vision Ridge Partners, Keyframe Capital, and Cyrus Capital.
Battle Motors (formerly known as Crane Carrier Company) of New Philadelphia, Ohio, a vocational truck fleet electrification company, raised $150 million in Series B funding from an undisclosed institutional investor.
Zero Motorcycles, a Scotts Valley, Calif.-based maker of electric motorcycles and powertrains, raised $107 million from Polaris, Exor, and Hero MotoCorp.
Lightyear, a Dutch developer of long-range solar cars, raised €81 million ($80.2 million) from Invest-NL, regional development agencies, SHV, and DELA.
San Diego-based Netradyne raised $65 million in debt financing provided by Silicon Valley Bank.
Ascend Elements, a Westborough, Mass.-based lithium-ion battery recycling and materials company, raised $50 million from an affiliate of the SK Group, a South Korean conglomerate.
Fairmatic, a fleet insurance startup, raised $42 million in Series A funding. Foundation Capital led and was joined by Aquiline Technology Growth.
Los Angeles-based HopSkipDrive raised $37 million in Series D funding led by Energy Impact Partners, Keyframe Capital, FirstMark Capital, Alumni Ventures, and Transform Capital.
Monta, a Copenhagen-based EV charging company, raised $30 million from Energize Ventures.
New York-based Circuit raised $11 million in Series A funding led by Tribeca Venture Partners with participation from Citi Impact Fund, Impact Engine, Groundswell Ventures, Gaingels Management, the Los Angeles Cleantech Incubator Impact Fund, and Forefront Venture Partners.
Atlanta-based EnviroSpark raised $5.25 million in Series B funding led by UltraCapital.
Tozero, a German battery recycling startup, raised €3.5 million ($3.43 million) from Atlantic Labs, Verve Ventures, and Possible Ventures.
Biotech
Los Angeles-based Acelyrin raised $300 million in Series C funding led by Access Biotechnology. Other investors include Matrix Capital Management, Westlake Village BioPartners, Cowen Healthcare Investments, Decheng Capital, Marshall Wace, OrbiMed Advisors, Samsara BioCapital, Surveyor Capital, Tybourne Capital Management, and venBio Partners.
Arsenal Biosciences, a South San Francisco-based programmable cell therapy startup, raised $220 million in Series B funding from SoftBank, Bristol-Myers Squibb, Byers Capital, Emerson Collective Investments, Green Sands, Hitachi Ventures, Sixth Street and insiders Westlake Village BioPartners, UCSF, Foundation Investment Co., Euclidean Capital, Waycross Ventures, Kleiner Perkins, and the Parker Institute for Cancer Immunotherapy.
Rivus of Charlottesville, Va., raised $132 million in Series B funding led by RA Capital Management and included Bain Capital Life Sciences, BB Biotech, Longitude Capital, Medicxi, and RxCapital.
Nimbus Therapeutics of Cambridge, Mass., raised $125 million in private funding. Bain Capital Life Sciences and SV Health Investors were joined by existing investors Access Biotechnology, Atlas Venture, BVF Partners, Bill Gates, Lightstone Ventures, Pfizer Ventures, RA Capital Management, and SR One.
Photys Therapeutics of Cambridge, Mass., raised $75 million in Series A funding led by MPM Capital with participation from Omega Funds, Longwood, 8VC, Arkin Bio, Mass General Brigham Ventures, MRL Ventures Fund, Eli Lilly and Company, and Heritage Medical Systems.
Paris-based SparingVision raised €75 million ($73.5 million) in Series B funding co-led by Jeito Capital and University of Pittsburgh Medical Center Enterprise, joined by Ysios Capital, 4Bio, Bpifrance, and the Foundation Fighting Blindness.
Pretzel Therapeutics of Waltham, Mass., raised $72.5 million in Series A funding. ARCH Venture Partners and Mubadala Capital co-led the round and were joined by HealthCap, Cambridge Innovation Capital, Cambridge Enterprise, Angelini Ventures, GV, Invus, Eir Ventures, GU Ventures, and Karolinska Institutet Holding.
Shanghai-based Neukio Biotherapeutics raised $50 million in Series A-1 funding led by CD Capital, with participation from Alwin Capital, Surplus Capital, Lilly Asia Ventures, Sherpa Healthcare Partners, and IDG Capital.
IliAD Biotechnologies of Weston, Fla., raised $42.8 million in Series D funding. The round was led by Knott Partners.
Naveris of Natick, Mass., raised another $34.4 million in Series A funding (round total now $51 million). Gurnet Point Capital led and was joined by TechU Ventures and the American Cancer Society’s venture capital arm.
Chicago-based Cour Pharmaceuticals raised $30 million in funding led by Alpha Wave Ventures.
Arpeggio Biosciences of Boulder, Colo., raised $17 million in Series A funding led by Builders VC.
Pleco Therapeutics of Nijmegen, The Netherlands, raised €17.3 million (nearly $17 million) in Series A funding.
Onego Bio of Helsinki, Finland, received a grant of €4.5 million ($4.4 million) from Business Finland.
Salt Lake City-based Inherent Biosciences raised a Series A funding of an undisclosed amount led by Propel Bio Partners with participation from numerous stakeholders from patients to physicians and reproductive healthcare executives including Portfolia’s FemTech II Fund, as well as the Alliance of Angels Innovation Fund.
Climate Change
KKR agreed to invest $450 million into Hero Future Energies, the renewable energy arm of India’s Hero Group.
Moxion of Mill Valley, Calif., raised $100 million in Series B funding led by Tamarack Global and joined by Energy Impact Partners, Sunbelt Rentals, Amazon’s Climate Pledge Fund, Microsoft’s Climate Innovation Fund, Enterprise Holdings Ventures, Marubeni Ventures, Suffolk Technologies, and Rocketship.vc.
London-based Tesseract raised more than $79 million in funding led by Balderton Capital and Lakestar with participation from Accel, Creandum, Lowercarbon Capital, Ribbit and BoxGroup, along with strategic angels such as Tom Stafford (DST Global), Martin Mignot (Index Ventures), Chris Sacca (Lowercase and Lowercarbon Capital), John Doran, and Nico Rosberg (Formula 1 World Champion and sustainability entrepreneur).
Patch raised $55 million in Series B funding led by Energize Ventures and joined by Andreessen Horowitz and Coatue Management.
San Diego-based Pathway Power received a $36 million strategic investment from Forest Road Renewables, a climate-focused infrastructure platform within The Forest Road Company.
San Francisco-based SINAI Technologies raised $22 million in Series A funding led by Energize Ventures and was joined by Stardust Equity, HighSage, and existing investors Obvious Ventures, Valo Ventures, Afore Capital, and High Alpha.
Ambient Photonics of Mill Valley, Calif., raised $17.5 million in debt financing. Silicon Valley Bank and Trinity Capital provided the financial resources which brought combined equity and debt funding to $48.5 million. They joined Amazon’s Climate Pledge Fund, Ecosystem Integrity Fund, Cthulhu Ventures, Tony Fadell’s Future Shape, and I Squared Capital.
San Francisco-based Flair raised $7.6 million in Series A funding co-led by Active Impact Investments and Lowercarbon Capital and joined by SOSV, Skyview, Resilience Capital Partners, Shell Ventures, Susquehanna Foundation, and 3M Ventures.
Odyssey Energy Solutions of Boulder, Colo., raised $5.3 million in seed funding led by Equal Ventures and joined by Twelve Below, Abstract Ventures, Founder Collective, and MCJ Collective.
Arbonics, an Estonian carbon and ecosystem platform for forest and landowners, raised €1.8 million ($1.76 million) from Plural Platform and Taavet Hinrikus.
Berlin-based NeoCarbon raised €1.25 million ($1.22 million) from PropTech1 and Speedinvest.
Cybersecurity
Nile Secure of Santa Clara, Calif., raised $125 million in Series A funding from March Capital, 8VC, ICONIQ, and JC2 Ventures, among other investors.
Fortanix of Mountain View, Calif., raised $90 million in Series C funding led by Goldman Sachs and joined by GiantLeap Capital and existing investors like Intel Capital.
Dallas-based Cymulate raised $70 million in Series D funding led by One Peak Partners, with participation from Susquehanna Growth Equity, Vertex Ventures Israel, Vertex Growth, and Dell Technologies Capital.
Munich-based DataGuard raised $61 million in Series B funding led by Morgan Stanley Expansion Capital and joined by existing investor One Peak Partners.
Israel’s Cyrebro raised $40 million in Series C funding led by Koch Disruptive Technologies and joined by Elaia, Mangrove Capital Partners, Prytek, Bank Mizrachi, and InCapital Group.
Huntress of Reston, Va., raised $40 million in debt financing from CIBC Innovation Banking.
New York-based Dig Security raised $34 million in Series A funding led by SignalFire and joined by Felicis and Okta Ventures.
Tel Aviv-based Ox Security raised $34 million in seed funding from Evolution Equity Partners, Team8, Rain Capital, and M12.
SaaS Alerts of Wilmington, N.C., raised $22 million from Insight Partners.
San Francisco-based SecurityPal raised $21 million in Series A funding led by Craft Ventures.
Los Angeles-based Open Raven raised $20 million in Series B funding led by Pelion Ventures and joined by existing investors Kleiner Perkins and Upfront Ventures.
San Francisco-based Theom raised $16 million in seed funding, led by Ridge Ventures, along with M12.
Tel Aviv-based Opus Security raised $10 million in seed funding led by YL Ventures and joined by Tiger Global.
New York-based Cybera Group raised $5 million in funding led by Converge VC and New North Ventures with participation from Founder Collective, Swiss VCs Serpentine, and CV VC.
Operant Networks of Santa Rosa, Calif., raised $3.8 million in seed funding led by Constellation Technology Ventures and joined by Thin Line Capital and Marin Sonoma Impact Ventures.
Digital Health
New York-based Innervace raised $40 million in Series A funding led by Deerfield Management with participation from founding investor IP Group, in addition to Penn Medicine, WARF Ventures, and BioAdvance.
London-based Apricity raised €17 million ($16.5 million) in Series B funding led by MTIP, with participation from Iris Ventures.
Chicago-based Upfront Healthcare raised $10.5 million in Series C funding co-led by Baird Capital, Echo Health Ventures, and First Trust Capital Partners.
Vienna-based Xund raised €6 million ($5.88 million) in seed funding co-led by MMC Ventures and MassMutual Ventures and joined by Roche and Lana Ventures.
Seattle-based Zócalo Health, a Seattle-based primary care startup focused on Latino patients, raised $5 million in seed funding co-led by Animo, Virtue, and Vamos Ventures.
Boston-based Cartwheel Care raised $3.9 million in seed funding from led by General Catalyst and joined by BoxGroup and Able Partners.
Pattern Health of Durham, N.C., raised $3.3 million in Series A funding led by the William H. Joyce Family Office.
Boston-based Bicycle Health raised $5 million in Series B extension funding from Cobalt Ventures, bringing the round total to $55 million.
Healee, a Bulgarian developer of configurable digital health technology, raised $2 million in seed funding. Nina Capital led and was joined by Calm/Storm Ventures, Kaya VC, and Eleven Ventures.
Electronics
France’s Devialet, a high-end speaker manufacturer, raised €50 million ($49 million) from Crédit Mutuel Equity, Bpifrance, and an unidentified Asian investor.
Robotics
Canada’s Avidbots raised US$70 million in Series C funding led by Jeneration Capital and joined by BMO Capital Partners, Golden Vision Capital, Nicola Wealth, and existing investors True Ventures, Next 47, SOSV, GGV Capital, BDC Capital, Golden Ventures, and Kensington Capital Partners.
Seoul Robotics, a South Korean autonomous mobility company, raised $25 million in Series B funding led by KB Investment.
1MRobotics, an Israeli provider of robotic nano-fulfillment centers, raised $16.5 million in Series A funding. Ibex Investors led and was joined by Emerge VC, Target Global, and INT3.
Boston-based Realtime Robotics raised $14.4 million in funding led by Soundproof Ventures, Heroic Ventures, and SIP Global Partners.
Seattle-based Artly raised $8 million in pre-Series A funding.
Software
Mysten Labs of Palo Alto, Calif., raised $300 million in Series B funding led by FTX Ventures, with participation from a16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital, and O’Leary Ventures.
Isovalent of Mountain View, Calif., raised $40 million in Series B funding led by Thomvest Ventures. M12 (Microsoft’s venture capital fund) and Grafana Labs joined Google and Cisco Systems as existing strategic investors in the company. Additional investors include Andreessen Horowitz, Mango Capital, and Mirae Asset Capital.
San Francisco-based Tray.io raised $40 million in new Series C extension funding led by CPP Investments.
New York-based Community Labs raised $30 million in funding led by Lightspeed Venture Partners with participation from industry leaders Arweave, Bain Capital Crypto, Blockchain Capital, Distributed Global, and Road Capital Management, alongside other investors.
Gravitee.io, a Boulder, Colo.-based API management platform, raised $30 million in Series B funding. Riverside Acceleration Capital led and was joined by Kreos Capital, AlbionVC, and Oxx.
Coral raised $20 million in funding led by FTX Ventures and Jump Crypto, with participation from Multicoin Capital, Anagram, K5 Global, and other investors.
Seattle-based QA Wolf raised $20 million in funding led by Inspired Capital and joined by Notation Capital, CoFound, Sahil Lavingia, Peter Thiel, Naval Ravikant, and Austen Allred.
Codacy of Lisbon, Portugal, raised $15 million in Series B funding led by the corporate venture capital arm of Sonae Group.
San Francisco-based UiPath raised $15 million in Series A funding co-led by Addition and Transpose Platform.
Seattle-based Spice AI raised $13.5 million in seed funding led by Madrona Venture Group with participation from Blackbird Ventures, Basis Set Ventures, Alumni Ventures Blockchain Fund, Joe McCann’s new Asymmetric fund, Protocol Labs, IEX Fund, and strategic angel investors including Thomas Dohmke, CEO of GitHub.
New York-based Slide raised $12.3 million in seed funding co-led by Polychain Capital and Framework Ventures, with participation from Coinbase Ventures, Outlander Ventures, and Circle Ventures, as well as individual investors Balaji Srinivasan, former Coinbase chief technology officer; Ani Pai, Partner at Dragonfly Capital; Akash Garg, chief technology officer of Moonpay; Raouf Ben Har, co-founder of Risk Harbor; Shayne Coplan, CEO of Polymarket; Justin Blau, CEO of Royal; and Qiao Wang and Imran Khan, co-founders of Alliance.
JITX, a platform that helps coding platform for electronics design, raised $12 million in Series A funding. Sequoia Capital led and joined by YC, Funders Club, and Liquid 2 Ventures.
Houston-based Codenotary raised $6 million in additional funding. The new round, which brought total funding to $24 million, was raised as an extension of the Series B funding in January of this year of $12.5 million. David Chen of the Arrize xTec Fund was the lead investor based in the United Kingdom.
Boston-based Tidelift raised another $5.5 million in Series C funding, bringing the round up to $33.5 million with new backing from AEI HorizonX and Cisco Investments.
London-based Code First Girls raised £4.5 million (about $5.2 million) in Series A funding. Backers include Active Partners and female angel investors.
San Francisco-based Zeet raised $4.3 million in seed funding led by Sequoia Capital, with participation from Race Capital, as well as engineering leaders from Amazon Web Services (AWS), Google, Twitch, Repl.it, Yelp, Sentry, and other companies.
Semiconductors
Morse Micro of Sydney, Australia, raised $140 million in Series B funding led by MegaChips Corporation with participation from existing investors including Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, Spring Capital, Malcolm and Lucy Turnbull, and other investors.
Bridger Photonics of Bozeman, Mont., raised $55 million in growth funding. A Montana-based syndicate, Beaverhead Partners, has invested $55 million in the company to support its growth. The syndicate is composed of Bozeman-based Madison Valley Partners, sustainability and climate action-focused Carica Sustainable Investments, and Bozeman-based Next Frontier Capital.
Tikehau Capital is investing $30 million for a minority stake in PTSL, a Scottish semiconductor probe card manufacturer.
Scintil Photonics of Grenoble, France, extended its second round of funding with an additional €1.5 million ($1.46 million), bringing the total round to €15 million ($14.6 million). With this investment boost from the Applied Ventures ITIC Innovation Fund, the startup aims to expand global sourcing and accelerate its market deployment in the Americas and Asia-Pacific. The Applied Ventures ITIC Innovation Fund is a fund jointly created by Applied Ventures, the venture capital arm of Applied Materials, and ITIC-Taiwan, the venture capital arm of the Industrial Technology Research Institute (ITRI).
Copenhagen-based ATLANT 3D Nanosystems raised $15 million in funding led by West Hill Capital and further supported by existing investors, including leading Japanese corporations.
The Final Frontier
Beijing-based GalaxySpace raised around $1.59 billion in Series D funding. The round was led by CCB International — an investment vehicle belonging to China Construction Bank Corporation, one of China’s big four banks — along with the Anhui Sanzhongyichuang Industry Development Fund, Hefei Industry Investment, and Sincere Fund. Previous backers Legend Capital and Chaos Investment furthered their investment.
SpinLaunch of Long Beach, Calif., raised $71 million in Series B equity and debt funding. ATW Partners led the round and was joined by Kleiner Perkins.
Skyroot Aerospace of Hyderabad, India, raised $51 million in Series B funding led by GIC.
Albedo of Austin, Texas, raised $48 million in Series A funding co-led by Breakthrough Energy Ventures and Shield Capital, with participation from new investors Republic Capital, Giant Step Capital, and C16 Ventures, and with existing investors Initialized Capital, Joe Montana’s Liquid 2 Ventures, Kevin Mahaffey, and other undisclosed participants.
Quantum Computing
Classiq, an Israeli quantum computing software startup, raised $13 million in new Series B finding from Awz Ventures (round total now $49 million).
The Metaverse
Los Angeles-based Hume raised $11.7 million in Series A funding led by TCG Crypto and joined by Collab+Currency, Winklevoss Capital, Gemini Frontier Fund, Gmoney, Flamingo DAO, Noise DAO, LAO DAO, and Distributed Global.
Singapore-based Smobler Studios raised $1.2 million in seed funding. Backers include The Sandbox, a decentralized gaming virtual world; Brinc, an accelerator and venture capital fund; and Enjinstarter, a Web3 launchpad.
Hadean, a British spatial computing startup focused on metaverse infrastructure, raised $30 million in Series A funding. Molten Ventures led and was joined by Epic Games, Tencent, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and In-Q-Tel.
Seattle-based Spot raised $5.5 million in seed funding led by Freestyle Capital and joined by Liquid 2 Ventures, Community Access Fund, and Founder’s Co-Op.
Fundraising
Goldman Sachs is close to raising $15 billion; Genstar Capital is raising $12 billion to $13 billion; Baring Private Equity Asia raised $11.2 billion; Goldman Sachs raised $9.7 billion; Bessemer Venture Funds raised $4.6 billion for two funds; Harbourvest Partners raised more than $3 billion; GoldenTree Asset Management raised $3 billion; Clearlake Capital Group raised $2.5 billion; BayPine raised $2.2 billion; EQT raised €2.2 billion ($2.15 billion); Ardian raised $2.1 billion; Cloudflare raised $1.25 billion; Pantera Capital is raising $1.25 billion; Avance Investment Management raised about $1.1 billion; and Northzone raised €1 billion (nearly $1 billion).