GrubMarket, the first-mover in tech-enabled B2B food eCommerce and a pioneer in Enterprise AI solutions for America's food supply chain industry has completed the acquisition of Houston, TX-based Brothers Produce, one of the largest and most well-known foodservice distributors in Texas and the broader Southwestern U.S.
Kanvas Biosciences, a full-stack spatial biology company has secured $12.5 million in additional funding co-led by existing investors DCVC and Lions Capital LLC, and participation from FemHealth Ventures, Germin8, Ki Tua Fund, and Pangaea Ventures as well as existing investors. Paul Theunissen, Managing Partner at Lions Capital Partners LLC, will join the company's Board, and Ashlie L Burkart, MD, Chief Scientific Officer of Germin8 Ventures, will join as a board observer.
LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, announced an investment from MUFG, one of the world’s leading financial groups with total assets of approximately $2.9 trillion.
The Rise Fund, the multi-sector strategy of TPG’s global impact investing platform, today announced it has signed definitive documentation to lead an investment of over $200 million in Foodsmart, the leading telenutrition provider and food benefits management platform in the US. Terms of the transaction were not disclosed.The investment furthers The Rise Fund’s focus on backing high performing businesses that are expanding access and delivering demonstrably positive health outcomes for underserved and low-income demographics. The transaction is expected to close in July 2024 and remains subject to customary closing conditions.
Merck Global Health Innovation Fund has made a strategic investment into Qure.ai as part of its Series D round. This funding will go towards investing into foundation models for artificial intelligence (AI) in imaging and expanding geographical reach of Qure.ai’s AI-powered imaging solutions into the US market. Merck had previously invested in Qure.ai, as part of its impact investing portfolio led by the Merck Office of Social Business Innovation.
Daytona, the self-hosted 'Development Environment Manager has secured $2M pre-seed funding round and recent open-source launch—both of which have surpassed our wildest expectations—we have secured an additional $5M in fresh funding, led by Upfront Ventures.The new capital will be instrumental in strongly tackling the “works on my machine” issue. This funding and support will enable us to lower the barrier to entry and democratize software development on a global scale.
Micruity, on a mission to pensionize retirement savings planning, because everyone deserves access to a secure retirement has secured $5M in Strategic Funding. The round includes new funding from strategic investors Prudential, State Street Global Advisors, and TIAA Ventures as well as additional investments from current partners Pacific Life and Western & Southern Financial Group.
Formic, a provider of Robots-as-a-Service (RaaS) automation for U.S. manufacturers, announced it has raised another $27.4 million in Series A financing led by Blackhorn Ventures with participation from Mitsubishi HC Capital America, NEC, Translink Capital, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital and Lorimer Ventures. This new funding brings the total Series A round to more than $52 million since January 2022.
There are a lot of American startups funding deals that are creating buzz around the startup ecosystem. These are the growth-stage and early-stage deals...
nesto, Canada’s leading digital mortgage lender, announced the acquisition of the CMLS Group, the third-largest mortgage finance company in Canada. The combined entity will build Canada’s Mortgage Ecosystem of the Future. nesto and CMLS are committed to continuing to serve its vast network of partners and clients. All CMLS Group executives and employees will transition to the combined entity. CMLS shareholders will have an equity stake in the combined entity.
