Small Business Financing News
Written by Ken Gaebler
Venture capital deals today total $365 million, with bets covering everything from biotechnology to satellite communications.
We are almost at the finish line of the August 2022 venture capital deal reports.
Here are fourteen recent venture capital deals from August 2022 that the team added to our venture capital database. Enjoy.
Morningside Group supported an $18 million Series B funding round for AdvanCell, a radiopharmaceutical company developing next-generation cancer treatments. The company is based in Sydney, Australia.
Belgian vaccine producer AstriVax has secured $29.9 million in seed investment from Fund+ and V-Bio Ventures. The company is building a diverse vaccine pipeline while targeting initial clinical validation of its technology platform.
Atlas Space Operations
Space communications company Atlas Space Operations has secured $26 million in Series B funding. Mitsui & Co. took the initiative to make the investment. Other investors included Beringea, Boomerang Catapult, Grand Ventures, Harmonix, Northern Michigan Angels, Rise of the Rest, VCapital and Wakestream Ventures. The satellite communications startup is based in Traverse City, Michigan.
Environmental startup Clarity Movement, which makes air quality monitoring solutions, has secured $9.6 million in funding led by Active Fund. Amasia, HAX, LAUNCH Fund, SOSV, Spero Ventures and The Climate Syndicate also invested. The company is based in Berkeley, California.
DrivenIQ has closed a $15 million Series A funding round. Capstone Technologies invested. Based in Towson, MD, the company is an omni-data advertising technology company, focused primarily on first-party and first-party data to help businesses reach their ideal customers.
Alternative energy firm Fervo Energy has closed a $138 million Series C funding round. DCVC took the initiative to make the investment. Other investors included 3×5 Partners, Breakthrough Energy Ventures, Canada Pension Plan Investment Board, Capricorn Investment Group, Congruent Ventures, Elemental Excelerator, Grantham Foundation, Helmerich & Payne, Impact Science Ventures, Liberty Oilfield Services, Macquarie and Prelude Ventures. Based in Houston, Texas, the company was founded with the goal of leveraging geoscience innovation to accelerate the transition to clean energy.
Proptech startup Flyway has announced a $10 million seed round. RMC Group, Monday Capital and Signal Ventures led the investment, with backing from individual investors. The company, based in London and Athens, operates a second home ownership platform intended to democratize home ownership.
Happy Health has closed a $60 million Series A funding round. Arch Venture Partners invested. Based in Austin, Texas, Happy Health markets an intelligent personal health record for consumers, combined with a rapid registration and payment system for medical offices.
Semiconductor company Lumotive has announced a new round of funding. Samsung Ventures led the investment, with backing from Himax Technologies, MetaVC Partners, Quan Funds and individual investors. The amount of the investment was not disclosed. The company is based in Redmond, Washington and is a leader in solid state 3D sensing systems used in consumer electronics, industrial automation, robotics and automotive applications.
Rhythm by Object Software
Pace, created by Object Software, is the recipient of a $5 million seed funding round. Work-Bench Ventures took the initiative to make the investment. Other investors included AlleyCorp and angel investors. The company is based in New York and builds a product-focused revenue platform that gives SaaS companies access to insights into customer behavior.
San Francisco-based Sequel.io closed an $8 million Series A round. Javelin Venture Partners led the investment, with backing from Alumni Ventures, Great Oaks Venture Capital, Growth Warrior Capital, Social Leverage, Struck Capital and V1.VC. The company provides a no-code/low-code solution to enable brands to create live event experiences and better engage with their communities.
Korean agtech company Tridge has raised $37.2 million in Series D funding from DS Asset Management. The Company provides an online commerce platform that connects global buyers and sellers of agricultural food products.
Social fashion e-commerce startup ViaVia has announced an $8 million seed round. Basis Set Ventures and New Enterprise Associates led the round, with backing from AI Fund, Backend Capital and EXOR. The company is based in West Hollywood, California. They offer a mobile-first, video-based shopping destination with a curated selection of brands from around the world.
Biopharmaceutical company Zelluna Immunotherapy has raised a growth funding round from Takeda Ventures. The amount of the investment was not disclosed. Based in Oslo, Norway, the company develops cell therapy products for the treatment of solid cancers.
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