Grove Collaborative Holdings, Inc., a sustainable consumer products company and plasticneutral retailer, has announced a $15 million investment from Volition Capital. The investment will be used to pay off the remaining $30 million of the companys outstanding term debt facility, with at least $10 million of the proceeds allocated for this purpose by November 30,…
Inflammatix, a molecular diagnostics company based in Sunnyvale, California, has successfully closed a $57 million Series E financing round led by Khosla Ventures and Think.Health. The funding will be utilized to support regulatory filing and early commercialization of their lead product, the TriVerity™ Acute Infection and Sepsis Test (TriVerity). This innovative blood test aims to…
Glean, an Enterprise AI leader, has secured over $260 million in a Series E funding round at a valuation of $4.6 billion. The funding aims to support the companys growing demand for its Work AI platform, which is designed to help automate complex workflows and accelerate AI adoption in the workplace. The round was coled…
Imperative Care, a medical technology company based in Campbell, Calif., is focused on developing connected innovations to elevate care for individuals impacted by stroke and other ischemic diseases. The company aims to address specific gaps in treatment and care to make a positive impact across the entire patient journey. The recently closed Series E financing…
KKR and Teachers’ Venture Growth (TVG) have jointly led a $140 million Series E funding round for SmartHR, a leading cloudnative human resources management platform in Japan. SmartHR, founded in 2013, offers techenabled HR solutions focusing on employee management, growth, talent management, and productivity for businesses of all sizes, including large enterprises and SMEs. The…
Alzheon, Inc. is a clinicalstage biopharmaceutical company focused on developing therapies for Alzheimers disease and other neurodegenerative disorders. The companys lead candidate, ALZ801, is an oral diseasemodifying therapy currently in Phase 3 development for the treatment of early Alzheimers disease. The $100 million raised in the Series E funding round will be used to support…
Monroe Capital LLC acted as the administrative agent and joint lead arranger on the funding of a senior credit facility to support the refinancing of The Black Tux, Inc. The Black Tux, founded in 2013, is an omnichannel provider of mens formalwear offering contemporary suits and tuxedos for rent or sale. The company has an…
Corelight, a leading provider of open network detection and response (NDR) solutions, has secured $150 million in Series E funding. The investment round was led by Accel, the companys initial capital investor, and saw additional strategic investment from Cisco Investments and CrowdStrike Falcon Fund. This new funding will enable Corelight to accelerate its AIdriven security…
Urban Air Adventure Park, a leading indoor adventure park operator, is expanding its presence across Texas under the leadership of franchisee team Pat and Coleman Curry. The fatherandson duo recently acquired an existing Urban Air location in Waco, Texas, and purchased additional land for future development. The Currys, who already operate two parks in Amarillo…
NeuReality, a technology leader specializing in re-imagining AI Inference and data center infrastructure, has secured $20 million in new funds from the European Innovation Council (EIC) Fund, Varana Capital, Cleveland Avenue, XT Hi-Tech, OurCrowd, Cardumen Capital, Glory Ventures, and Alumni Venture Group. This funding will support the company in expanding the deployment of its NR1™…