Teamwork Pays Off, As Mega Rounds And Notable Acquisitions Return

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Greetings and Happy Patriots’ Day weekend to those who celebrate - whether with a less grind-y Monday or by grinding through 26.2 miles in Boston. Last week saw a marathon of venture financings and VC-backed company acquisitions. Here is a snapshot of who got across the finish line.

John

??Last Week’s Most Popular Link??

?? Tally Health, a New York, NY-based longevity startup, raised $10 million in a Seed funding round led by Forerunner Ventures, with participation from L Catterton, G9 Ventures and Second Sight Ventures. (More in FinSMEs)

?? M&A ??

?? Teamworks, a Durham, NC-based athlete engagement platform for collegiate and pro teams, that had raised $165 million from investors including Dragoneer, acquired ARMS Software, a Richmond, VA-based platform for college athletics recruiting, compliance and process automation. (More in PR Newswire)

?? Zoom, a San Jose, CA-based digital connectivity platform, acquired Workvivo, a Cork, Ireland-based employee communications platform that had raised $38 million from Tiger Global, Frontline Ventures and Enterprise Ireland. (More in TechCrunch)

?? AnaBios, a San Diego, CA-based pre-clinical CRO that had raised $6.5 million from Ampersand Capital Partners, acquired Cell Systems, a Kirkland, WA-based human primary and cell culture media group for an undisclosed amount. (More in Fierce Biotech)

?? VideoVerse, a video editing software firm, acquired Reely.ai, a Miami, FL-based startup which uses AI to automatically create esports and gaming videos and had raised $2.3 million from Stadia Ventures and other investors, at an undisclosed valuation. (More in VentureBeat)

?? Sourcing Ideas ??

(Companies that had raises reported ~1 year ago, on or around Apr 15, 2022)

?? Duos, a New York, NY-based senior care startup, raised $15 million in a Series A funding round led by Imaginary Ventures, with participation from Forerunner Ventures, Declaration Partners and Optum Ventures. (More in MobiHealthNews)

?? GripAble, a London, U.K.-based neuro and musculoskeletal gamified rehab startup, raised $11 million in a Series A funding round led by IP Group, with participation from Parkwalk Advisors, bringing the startup's total raise to $17.5 million. (More in MobiHealthNews)

?? Skill Struck, an American Fork, UT-based provider of computer science solutions for K-12 schools, raised $2.8 million in a financing round led by Orchard Ventures, with participation from individual investors. (More in Silicon Slopes)

?? VC Deals ??

?? Epic Sciences, a San Diego, CA-based company developing novel diagnostics to personalize and advance the treatment and management of cancer, completed a $24 million Series G financing round co-led by Deerfield Management and Arsenal Capital Partners, with participation from existing shareholders Blue Ox Healthcare Partners, Domain Ventures and Labcorp. (More in Business Wire)

?? ClinOne, a Needham, MA-based clinical trial management suite provider, raised $3 million in a Series A funding round led by Boulder Ventures, with participation from existing investors CU Healthcare Innovation Fund and First Trust Capital Partners. (More in FinSMEs)

?? EVEN, a Los Angeles, CA-based platform which allows artists to sell music directly to fans, raised $2.2 million in a Seed round led by CSA Partners. (More in TechCrunch)

?? Alphasense, a New York, NY-based market intelligence and search platform, raised $100 million at a $1.8 billion valuation in an additional Series D funding round led by CapitalG, with participation from existing investors Goldman Sachs Asset Management and Viking Global Investors, bringing the total Series D amount to $225 million. (More in FinSMEs)

?? Recuro Health, a Richardson, TX-based digital holistic health platform, raised $47 million in a Series B funding round from Arch Venture Partners, Flippen Group, GPG Ventures and 4D Capital. (More in MobiHealthNews)

?? Companion, a San Francisco, CA-based AI playmate engagement tool for dogs, raised $6 million from Lerer Hippeau and Digitalis Ventures. (More in PR Newswire)

?? Aer Therapeutics, a San Francisco, CA-based biopharmaceutical company developing inhaled treatments for muco-obstructive lung diseases, raised $36 million in a Series A financing round led by Canaan, OrbiMed and Hatteras Venture Partners. (More in PR Newswire)

?? Cardinality.ai, a Gaithersburg, MD-based government-technology focused AI SaaS solution provider, raised $12.5 million in a Series B funding round led by Boathouse Capital. (More in FinSMEs)

?? ThayerMahan, a Groton, CT-based provider of autonomous maritime surveillance solutions, raised $30 million in a Series C funding round led by MC2 Security Fund, with participation from I Squared Capital, Ducenta Squared Asset Management, Compass Partners, AE Industrial Partners, Hegemon Capital and an affiliate of RiverPark Ventures. (More in FinSMEs)

?? ClimateAi, a San Francisco, CA-based enterprise climate platform for supply chains, raised $22 million in a Series B funding round led by Four Rivers Group, with participation from Neotribe’s Ignite fund and Yaletown Partners, as well as existing investors Radical Ventures, Neotribe Seed Fund and Academy Investor Network. (More in Globe Newswire)

??? Kepler Communications, a Toronto, ON-based small satellite operator, raised $92 million in a Series C financing round led by IA Ventures, bringing the total amount of equity raised over $200 million. (More in TechCrunch)

?? Alentis Therapeutics, a Basel, Switzerland-based developer of treatments for organ fibrosis and CLDN1 positive tumors, raised $105 million in a Series C funding round led by Jeito Capital, with participation from Novo Holdings and RA Capital Management, as well as insiders BB Pureos Bioventures, Bpifrance and Schroders Capital. (More in Fierce Biotech)

?? Teamworks, a Durham, NC-based athlete engagement platform for collegiate and pro teams, raised $65 million in a Series E funding round led by Dragoneer, bringing its total fundraising to date over $165 million. (More in PR Newswire)

?? 1upHealth, a Boston, MA-based health care data platform, raised $40 million in a round of financing led by Sixth Street Growth, with participation from insiders F-Prime Capital, Jackson Square Ventures and Eniac Ventures. (More in HIT Consultant)

?? Tradier, a Charlotte, NC-based retail brokerage for active traders, raised $24.6 million in a Series B funding round led by Peak6 Strategic Capital, with participation from insiders F-Prime Capital and KF Business Ventures. (More in FinSMEs)

?? LMS365, an Arhus, Denmark-based provider of online learning management software, raised $20 million in its first funding round led by Blue Cloud Ventures, with participation from Kamet Capital. (More in TechCrunch)

?? Otterize, a Berkeley, CA-based network policy automation startup, raised $11.5 million in a Seed funding round led by Index Ventures, with participation from Dig Ventures, Vine Ventures, Jibe Ventures, Crew Capital and Operator Partners. (More in TechCrunch)

?? Ampersand, a San Francisco, CA-based developer platform focused on SaaS interoperability, raised $4.7 million in a Seed funding round led by Matrix Partners, with participation from Base Case Capital, Flex Capital and 2.12 Angels. (More in FinSMEs)

?? Distyl AI, a San Francisco, CA-based analytics firm providing enterprise solutions for generative artificial intelligence and language models, raised $7 million in a Seed funding round led by Coatue and Dell Technologies Capital, with participation from individual investors. (More in VentureBeat)

?? Altruist, a Culver City, CA-based custodian and software provider to the investment adviser industry, raised $112 million in a Series D funding round led by insider Insight Partners and Adam Street Partners. (More in Investment News)

?? Scene Health (formerly known as emocha), a Baltimore, MD-based medication engagement company, raised $17.7 million in a Series B funding round led by ABS Capital Partners, with participation from existing investors Claritas Health Ventures and Healthworx, bringing total investment to date over $25 million. (More in FinSMEs)

?? Kintra Fibers, a New York, NY-based maker of bio-based and biodegradable polyester alternatives, raised $8 million in a Series A funding round led by H&M and Bestseller’s Invest Fwd. (More in FinSMEs)

?? HUG, a New York, NY-based social curation and education platform for web3 creators, raised $5 million in a Seed funding round from OKX Ventures, DIGITAL, L’Oreal’s Bold Ventures, Venrex, Jae Holdings, Cryptology and Aa Sons. (More in FinSMEs)

??MilkMate, a New York, NY-based provider of a breast pumping solution, raised $5 million in a Seed funding round from undisclosed backers. (More in FinSMEs)

?? ModifyHealth, an Alpharetta, GA-based innovative food-as-medicine platform and provider of medically tailored meals, closed its Series B investment led by RC Capital and Nashville Capital Network, with participation from VTC Ventures as a strategic addition. (More in PR Newswire)

??? Zeely, a mobile-first website & ad builder, raised $1 million in a Seed round from investors including Vesna Capital, Angel One Fund, Imaguru Ventures and a number of individual angels. (More in TechCrunch)

?? Carbon Robotics, a Seattle, WA-based precision AI-powered weed control robotics company, raised $30 million in a Series C financing round led by Sozo Ventures, with participation from existing investors Anthos Capital, Fuse Venture Capital, Ignition Partners, Liquid2 and Voyager Capital. (More in Business Wire)

?? Frayt, a Cincinnati, OH-based last-mile delivery and logistics platform, raised $7 million in a Series A funding round led by Refinery Ventures, with participation from Capital Midwest, Venture 53 and the JobsOhio Growth Capital Fund. (More in FinSMEs)

?? SentiAR, a St. Louis, MO-based company advancing Augmented Reality (AR) visualization technology for medical procedures, raised $8.5 million in a Series A funding round led by cultivate (MD) Ventures, with participation from MedVenture Partners, as well as existing investors TechWald Holding, VCapital, QRM Capital and Harmonix Fund. (More in FinSMEs)

?? NetBox Labs, a New York, NY-based open source network management and automation startup, raised $20 million in a Series A funding round led by Flybridge Capital, with participation from GGV Capital, Mango Capital, Salesforce Ventures, Two Sigma Ventures, IBM, the Founder Collective and Entrée Capital. (More in TechCrunch)

??? ID.me, a Mclean, VA-based provider of a secure digital identity network, raised $132 million in a Series D funding round led by Viking Global Investors, with participation from CapitalG, Morgan Stanley Counterpoint, FTV Capital, PSP Growth, Auctus Investment Group, Moonshots Capital and Scout Ventures, bringing the total investment in the company over $240 million. (More in FinSMEs)

??? VERO, a New York, NY-based property leasing and screening platform, raised $9 million in a Series B funding led by Fifth Wall, bringing the total amount raised to $26.7 million. (More in FinSMEs)

??? ALICE Technologies, a Menlo Park, CA-based construction optioneering platform for capital projects, extended its Series B funding round by an incremental $13 million with equity financing from Swire Properties, plus a term loan from Bridge Bank, bringing the total amount of the Series B funding to $47 million to date. (More in PRNewswire)

?? HeartFlow, a Mountain View, CA-based cardiac diagnostic and treatment developer, raised $215 million in a funding round led by Bain Capital Life Sciences, with participation from Janus Henderson Investors, as well as previous backers Baillie Gifford, Capricorn Investment Group, Hayfin Capital Management, HealthCor, Martis Capital, USVP and Wellington Management. (More in Fierce Biotech)

?? Profility, a Boston, MA-based enterprise-grade suite of post-acute care connectivity solutions and tools, raised an undisclosed amount in a Series B funding round led by Valitas VC, with participation from existing investors as well as founders. (More in FinSMEs)

?? Gigstreem, a Tysons Corner, VA-based provider of residential and commercial broadband networks, raised $59 million in a funding round consisting of two separate investments: $19 million led by Crestline Investors, with participation from RET Ventures, Essex Property Trust and UDR, Inc., and an additional $40 million led by Crestline. (More in FinSMEs)

?? Tandem, a Columbus, OH-based childcare staffing startup, raised $5 million in a round of financing from Drive Capital. (More in VC News Daily)

?? Oshi Health, a New York, NY-based virtual gastrointestinal and digestive care startup, raised $30 million in a Series B funding round led by Koch Disruptive Technologies, with participation from Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures and Takeda Digital Ventures. (More in Fierce Healthcare)

Let us know what was important for you last week and whether there is anything we can do to keep you more informed on venture deals.

John

John Gannon // VC Careers // VC Deals

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