Venture Capital Transactions: August 26, 2022 – Small Business Finance News – Small Business News

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Small Business Financing News

Written by Ken Gaebler
Posted: 08/26/2022

Are venture capital deals getting smaller? Based on today’s small sample size, maybe.

Less than $150 million in total transaction value today. There is talk that venture capital activity is not slowing down per se, but simply making smaller amounts at lower pre-money valuations.

I didn’t dig deep into my data, but I feel like it’s correct. Take a look at today’s deals below and you’ll know what I mean.

Arevia Power

Alternative energy firm Arevia Power has raised an undisclosed amount from lead investor KKR, with backing from GCM Grosvenor. Based in Glendale, California, the company is a developer of large-scale solar and wind projects.

Ninja Bite

HRTech venture Bite Ninja closed an $11.3 million venture capital round. AgFunder, Manta Ray Ventures, Owl Ventures, Pioneer Fund and TRAC VC have invested. Based in San Jose, Calif., the company equips restaurants with remote order takers to solve the industry’s biggest customer service challenges.

BorderRubbish

CurbWaste, a provider of software solutions for the waste industry, has closed a $6 million seed funding round. B Capital Group took the initiative to make the investment. Other investors included Mucker Capital. The company is based in New York.

Networks of dryads

Environmental startup Dryad Networks has secured $10 million in Series A funding. eCapital Entrepreneurial Partners AG took the initiative to make the investment. Other investors included Semtech Corporation, Time Ventures and Toba Capital. The company is based in Eberswalde, Germany and provides ultra-early fire detection solutions as well as solutions for monitoring the health and growth of public and private forests.

EeroQ

Semiconductor company EeroQ has landed $7.3 million in seed funding. B Capital Group took the initiative to make the investment. Other investors included Alumni Ventures, Calibrate Ventures, Red Cedar Ventures, Unbound and VCapital. The company is based in Chicago, Illinois, and is working on next-generation quantum computers, using eHe-trapped electrons.

Liberty Biosciences

Biopharmaceutical company Freedom Biosciences closed a $10.5 million investment round. MBX Capital took the lead in making the investment. Other investors include PsyMed Ventures, Startup Yale and Village Global. The biopharmaceutical company is based in San Francisco, California.

Hazel

Fintech startup Hazeltree, which provides cloud-based treasury and liquidity solutions to investment management firms, closed a $14 million funding round. FINTOP Capital took the lead in making the investment. Other investors included Hamilton Lane. The fintech is based in New York

LumaBridge

LumaBridge secured a funding round led by Summit Partners. The amount of the investment was not disclosed. Based in San Antonio, the company is an oncology-focused CRO that designs and executes innovative clinical trial solutions for emerging biopharmaceutical companies.

Lumifi Cyber

HCAP Partners backed an equity financing round for cybersecurity company Lumifi Cyber. The amount of the investment was not disclosed. The company is headquartered in Scottsdale, Arizona.

Coat

Cleantech company Mantel has closed a $2 million venture capital round. The engine took the lead in making the investment. Other funders included New Climate Ventures. The company is based in Boston and develops molten salt carbon capture technology.

Nitra

Fintech company Nitra, operating out of New York, raised $62 million in funding from 8090 Partners, Andreessen Horowitz, Comma Capital, CoVenture, Dreamers VC, Dunamu, Expa Capital, Gaingels, Gold House Ventures, K50 Ventures, KB Financial Group, National Education Association, New Enterprise Associates, Pantera Capital, Primer Sazze Partners, Slope Capital, Soma Capital, SparkLabs Global Ventures and individual investors. The company develops technological solutions for liberal doctors.

Quivr

Washington-based Quivr announced a $3.6 million funding round. Infinity Ventures Crypto led the round. Other investors included C2 Ventures, FBG Capital, Sfermion and individual investors. The company is developing a new digital identity technology.

RevSure.AI

Salestech startup RevSure.AI has announced a $3.5 million seed round. Innovation Endeavors led the investment, with support from individual investors. The firm is based in Wilmington, Delaware, and seeks to challenge the status quo in tax intelligence.

Rewst

Rewst, a startup developing robotic process automation (RPA) software for MSPs, raised $4 million in funding from lead investor TDF Ventures, with additional investment from Florida Funders, Grotech Ventures, MDJ Group and individual investors.

The Good Face Project

The Good Face Project, based in San Diego, secured a $5.7 million investment round. VMG Partners took the initiative to make the investment. Other investors included Capsum, Redo Ventures, Spark Growth Ventures and individual investors. The company helps cosmetic manufacturers design transparent, sustainable and compliant beauty products based on the scientific and regulatory resources provided.

Vestaboard

San Francisco-based Vestaboard landed a $5 million investment round. Investors included Baroda Ventures and individual investors. The company manufactures messaging displays for public and private spaces.

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