 ACME Capital Team Early-stage VC firm ACME Capital closed a $300M fund, increasing their total capital commitments to $1.5B. The funds will boost ACME's contribution to high potential startups across all sectors. More: - Hany Nada and Scott Stanford co-founded the company and began investing through its $181M fund III in 2019.
- Last year, ACME invested $155M in various startups.
- ACME's portfolio consists of investments in Astra, BrainTrust, Cue Health, and others.
- The firm has made over 200 investments to date, of which 26 companies are listed in the public markets.
- ACME participated in Petra's $30M Series A investment in Dec. 2021.
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The corporate credit card and expense management firm Ramp received funding led by Founders Fund, per The Information. The company was reportedly valued at $8B during the recent funding, which according to sources, is over $200M. More: - The San Francisco-based VC firm had previously led a $300M Series C investment last August into Ramp, then valued at $4B.
- Ramp has received $675M funding to date, including the current investment.
- Previous investors include Coatue Management, Goldman Sachs, Iconiq Capital, and D1 Capital Partners.
- The fintech company approached $100M in annualized revenue last November.
- Total transaction volume reached ~$4B by the end of 2021.
- Its 2,000+ clientele includes DoNotPay, Better, ClickUp, Applied Intuition, Bristol Hospice, Walther Farms, Douglas Elliman, and Planned Parenthood.
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Wells Fargo Strategic Capital led a $105M Series B investment into ConcertoCare. Obvious Ventures, Vast Ventures, The Schusterman Family Foundation, SteelSky Ventures, Pennington Partners, and Deerfield Management also participated in the funding. The home-based healthcare provider also announced the acquisition of Crown Health, which will help to expand its service offerings and accelerate its growth. More: - The incoming funds will be utilized to drive expansion and technological advancements, plus strengthen their comprehensive care model.
- ConcertoCare currently serves patients across eight states and has a Program of All-Inclusive Care (PACE) for senior citizens.
- The team identifies the course of action for all patients by analyzing data generated through connected devices through its proprietary data analytic and decision support tool Patient3D.
- The company expects to serve more regions.
- Along with the recent funding, the company has raised a total of $149.5M in funding so far.
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Cryptocurrency infrastructure developer Qredo raised an $80M Series A investment led by 10T Holdings. The funding saw participation from Coinbase Ventures, Avalanche, and Terra. Kingsway Capital, HOF Capital, Raptor Group, and GoldenTree Asset Management. More: - The crypto firm was valued at $460M during the recent funding.
- The incoming funds will be utilized to fund expansion, product development, and acquisitions.
- Qredo is a decentralized DeFi custody wallet and settlement platform.
- The company’s USP is its cross-blockchain asset transfer tools.
- Qredo contained over $6B in assets on its network last December.
- It last received an $11M seed funding in early 2021.
- Qredo partnered with MetaMask Institutional, an Ethereum wallet platform, to provide DeFi ecosystem access to its customers.
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 Amplify Canada-based Amplify, formerly MaRS Catalyst Fund, closed its Fund II at $30.7M. The firm invests in early-stage startups that leverage technology to address the world’s most pressing problems across health, education, and environmental sustainability. More: - Fund II has already seen investments into Alt Tex, Ditch Labs, Pathway, Sylvatex Inc, Uvaro, and Verto Health.
- Amplify has identified 20-22 potential firms to invest in via Fund II.
- The company typically invests $500,000 to $1M as a Seed or Series A funding, with scope for additional follow on investments.
- The last few key investments are as follows:
- Hydrostor Inc, Energy storage facility developed: $250M round led by Goldman Sachs Asset Management.
- Valence Discovery, AI drug design technology: $10.9M seed co-led by Fifty Years and Air Street Capital.
- EarlyBird Education, gamified literacy assessment platform: $3.5M led by Lobby Capital.
- Royal Bank of Canada, Fondation Lucie et André Chagnon, Fondaction, VanCity, Jona Capital, and others participated in the fundraiser.
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Quick Hits - For Completeness of Vision and Ability to Execute, the Gartner Magic Quadrant named Adobe a Leader among 17 vendors — See why here.*
- AI-accelerator startup Celestial AI raised a $56M Series A investment led by Koch Disruptive Technologies. Xora Innovation Fund, The Engine, Tyche Partners, M-Ventures, IMEC XPand, and Fitz Gate supported the funding.
- The Carlyle Group reported its Q4 earnings, indicating a 22% YoY increase in the firm's assets under management to $301B at the end of the fiscal quarter. The group is targeting to raise $130B in fresh capital until 2024, of which it already raised $51.3B last year buoyed by an $11.5B raise in the last quarter.
- Customer onboarding platform GuideCX secured $25M Series B led by Meritech Capital Partners. The funding will fuel growth and product development.
- The U.K.-based VC firm SuperSeed announced the closing of its new $42M (£31M) fund. The firm is set to invest between $676,571 (£500,000) to $2M (£1.5M) in 30-35 startups in the nation.
- German Media Pool closed a $17M (€15M) VC fund, GMPVC Opportunities I, to target B2C startups across Europe. The firm has invested over $458M (€400M) so far in 36 startups, including two unicorns.
- A nuclear fusion energy startup in Japan, Kyoto Engineering, has received $11.7M Series B funding. The startup, spun out of Kyoto University, has pioneered a technology such that no carbon dioxide is emitted during the fusion process.
- Your money matters. Let's make more of it. Stocks are great, but there are many more options now. That's why we've been reading the Alts newsletter.*
*This is sponsored content
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 |  | Karan Chafekar is a Management Consultant, Business enthusiast, and Licensed Pilot. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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