General partnership

Range Energy Announces $23.5 Million in New Financing to Accelerate On-Road Decarbonization with Electric Powered Commercial Trailers

Retrieved on: 
Wednesday, February 28, 2024

Range Energy (Range), the hardware company bringing powered trailers to the commercial trucking market, today announced $23.5 million in new funding led by Phillip Sarofim’s Trousdale Ventures , with participation from UP.Partners , R7 , and Yamaha Motor Ventures .

Key Points: 
  • Range Energy (Range), the hardware company bringing powered trailers to the commercial trucking market, today announced $23.5 million in new funding led by Phillip Sarofim’s Trousdale Ventures , with participation from UP.Partners , R7 , and Yamaha Motor Ventures .
  • Range will use this fresh capital to accelerate its work on customer pilot programs in parallel with advancing towards full-scale production of its electric powered trailers, which are essential to the decarbonization of commercial fleets under pressure to meet emerging emissions reduction targets.
  • Today’s additional financing brings Range’s total funding to $31.5M inclusive of the company’s $8M seed financing .
  • View the full release here: https://www.businesswire.com/news/home/20240228744525/en/
    Range Energy's electric powered commercial trailer (Photo: Business Wire)
    “Commercial-led innovation is material for achieving the electrification of on-road transportation.

Fast Forward Backs Autogon to Advance No-Code AI Solutions Delivered in Minutes

Retrieved on: 
Wednesday, February 28, 2024

Autogon AI , a no-code AI orchestration platform, today announced it has received backing from Fast Forward Venture Studio .

Key Points: 
  • Autogon AI , a no-code AI orchestration platform, today announced it has received backing from Fast Forward Venture Studio .
  • Autogon’s platform offers a drag-and-drop interface that enables users to build AI models in minutes – without prior knowledge or technical skills.
  • Founded by Obi Ebuka David in 2023, Autogon AI is headquartered in Houston, Texas, and serves a global marketplace.
  • Autogon serves over 20 industries, including finance, healthcare, marketing, and retail – offering tailored AI solutions to meet specific needs.

EV Charging Pioneer Scott Mercer Takes on Fusion as CEO of Focused Energy

Retrieved on: 
Wednesday, February 28, 2024

The inertial fusion energy company Focused Energy welcomes Scott Mercer as CEO, furthering its position as a leader in the burgeoning global fusion industry.

Key Points: 
  • The inertial fusion energy company Focused Energy welcomes Scott Mercer as CEO, furthering its position as a leader in the burgeoning global fusion industry.
  • View the full release here: https://www.businesswire.com/news/home/20240227836856/en/
    Scott Mercer, CEO of Focused Energy (Photo: Scott Mercer)
    "I’m thrilled and humbled to join a team that is demonstrably on the cutting edge of fusion science and achievement," Mercer stated.
  • Thomas Forner, Founder and President of Focused Energy, says, “Adding Scott Mercer to our team marks a pivotal moment for Focused Energy.
  • At Focused Energy, a blend of proven fusion science and experimental supply chain experience is building on groundbreaking achievements of the past two decades in laser-based nuclear fusion.

Elevated Signals Raises $7.9 Million in Series A Funding

Retrieved on: 
Tuesday, February 27, 2024

Elevated Signals Inc. (“Elevated Signals”), a company pioneering modern manufacturing software, is pleased to announce that it has secured CAD$7.9 million in Series A funding.

Key Points: 
  • Elevated Signals Inc. (“Elevated Signals”), a company pioneering modern manufacturing software, is pleased to announce that it has secured CAD$7.9 million in Series A funding.
  • The investment was led by Yaletown Partners, with participation from Third Kind Venture Capital, WGD Capital, Colin Harris, Raiven Capital, and Pareto Holdings.
  • “This capital will fuel our expansion as we diversify the industries we serve with a focus on high-growth and tech-forward manufacturing businesses, especially those driving progress in food, energy, health, and beyond,” said Amar Singh, CEO and co-founder of Elevated Signals.
  • “Elevated Signals is solving a real problem for its customers and is aligned with larger trends in the market.

Looq AI Launches AI-Enabled Digital Twin Platform at Distributech 2024; Secures $2.6M from Top VCs

Retrieved on: 
Tuesday, February 27, 2024

Powered by a novel and fundamental computer vision and AI technology, the Looq platform now enables the frequent, and large-scale digitization of critical infrastructure for true asset intelligence.

Key Points: 
  • Powered by a novel and fundamental computer vision and AI technology, the Looq platform now enables the frequent, and large-scale digitization of critical infrastructure for true asset intelligence.
  • Established in 2021, Looq AI is a hardware enabled AI company dedicated to advancing critical infrastructure digitization and diagnosis.
  • View the full release here: https://www.businesswire.com/news/home/20240227335776/en/
    Distribution pole capture with the Looq Q camera, the imaging component of the Looq platform.
  • Caption: Distribution pole capture with the Looq Q camera, the imaging component of the Looq platform.

Introducing venx: The First Deep Tech Venture Capital Collaborative

Retrieved on: 
Tuesday, February 27, 2024

Today, a group of venture capital firms has launched venx (ven^x), a hub in downtown Boston for venture capital firms to collaborate, share knowledge, and build synergies to become a force multiplier for the deep tech ecosystem.

Key Points: 
  • Today, a group of venture capital firms has launched venx (ven^x), a hub in downtown Boston for venture capital firms to collaborate, share knowledge, and build synergies to become a force multiplier for the deep tech ecosystem.
  • Each firm has a strong connection to Boston’s deep tech heritage and well-regarded universities that regularly spin out innovative deep tech startups, companies built upon scientific or engineering breakthroughs.
  • “Deep tech startups often start at universities, get funded by venture capital, and scale through industry partnerships.
  • “Each of the ven^x firms bring their own set of perspectives, connections, and expertise to help deep tech founders tackle those challenges, and I’m excited to collaborate with my fellow venx-ers to amplify our impact on the deep tech community.”
    venx welcomes deep tech startups and other venture capital firms interested in being a part of the community.

Roshal Health Announces $10 Million in Structured Equity Financing Led by Catalio Capital Management

Retrieved on: 
Tuesday, February 27, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240227009252/en/
    The structured equity financing was led by Catalio Capital Management, a leading multi-strategy healthcare and life science investment firm, with participation from Green Street Impact Partners.
  • Employing more than 300 people, Roshal offers services to hospital systems, standalone emergency rooms, micro-hospitals, rural hospitals, and offsite facilities nationwide.
  • “Catalio is thrilled to work alongside the Roshal team to solve a critical healthcare staffing shortage for imaging technicians," said John Henry Iucker, CFA, General Partner and Head of Credit at Catalio Capital Management.
  • Uplift Partners served as the exclusive financial advisor to Roshal Health, and DLA Piper served as legal counsel to the company.

Helius Raises $9.5M in Series A Funding to Enhance the Developer Experience on Solana

Retrieved on: 
Thursday, February 22, 2024

Helius, a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana, today announced the close of its $9.5M Series A round.

Key Points: 
  • Helius, a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana, today announced the close of its $9.5M Series A round.
  • While Solana is perhaps the most scalable, secure, and composable Layer 1 blockchain, it has also created friction for some developers.
  • Helius will use its Series A funding to hire low-level systems and backend engineers.
  • Nick Pennie, COO of Helius, added, “We are proud of Helius’ evolution and our ability to drive value for the Solana ecosystem.

Evertas Named 2023 Bloccelerate Portfolio MVP

Retrieved on: 
Wednesday, February 21, 2024

Evertas, the world’s first crypto insurance company, has been named Portfolio MVP for 2023 by Bloccelerate VC, a venture fund backing category-defining companies using the power of blockchain.

Key Points: 
  • Evertas, the world’s first crypto insurance company, has been named Portfolio MVP for 2023 by Bloccelerate VC, a venture fund backing category-defining companies using the power of blockchain.
  • “We are beyond excited to have presented the 2023 Bloccelerate MVP Award for Portfolio Growth to J. Gdanski and Raymond Zenkich from Evertas,” said Kate (Mitselmakher) Laurence, General Partner, Bloccelerate VC.
  • “This is the fifth consecutive year that Bloccelerate’s awards have recognized the leading portfolio companies for achieving outstanding results.
  • “We’re pleased and honored to receive Bloccelerate’s MVP award,” said J. Gdanski, CEO at Evertas.

AtmosZero Closes $21 Million in Series A, Moves Full Steam Ahead Toward Electrifying the Boiler Room

Retrieved on: 
Tuesday, February 20, 2024

“The path to net-zero emissions runs through the boiler room and requires the replacement of existing fossil-based systems," said Michael Kearney, General Partner at Engine Ventures. “Reducing reliance on fossil fuels isn't just an environmental imperative -- it's a geopolitical one, too. We are thrilled to support the AtmosZero team's mission to decarbonize industrial emissions with its scalable, drop-in electrified solution."

Key Points: 
  • AtmosZero , the company on a mission to decarbonize steam, announced today the close of a $21 million Series A round co-led by Engine Ventures and 2150 to accelerate the commercialization of its Boiler 2.0 technology.
  • “AtmosZero is solving for industrial decarbonization by electrifying the boiler room and building a scalable, drop-in replacement product rather than complex and expensive customized projects,” said Addison Stark, CEO and Co-Founder of AtmosZero.
  • We are thrilled to support the AtmosZero team's mission to decarbonize industrial emissions with its scalable, drop-in electrified solution."
  • AtmosZero will use this investment to advance both efforts including executing the commercial pilot and expanding the company’s European reach.