Memphis-based venture firm Ridgeline has raised $52M for its inaugural fund named Fund I. The company will invest in seed and Series A stages. More: - The company names FedEx, AutoZone, and Dollar General as some of its Limited Partners in the fund.
- Ridgeline aims to invest in 30 companies, mainly in the early stages. The firm invests in both enterprise software and hardware startups.
- With 17 investments made so far, the company's portfolio includes Wallaroo, Planet Watchers, Eclypsium, Agolo, etc.
- The firm also has offices in Washington, D.C., and San Francisco.
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Food tech startup Gourmey has raised a $48M Series A funding round. The company is based in Paris, France. More: - The funding was led by Keen Venture Partners, Omnes Capital, Discovery, and Thia Ventures, with participation from Heartcore Capital, Point Nine Capital, Air Street Capital, Partech, and Beyond Investing.
- Gourmey is a food tech startup that uses bioreactors to mature stem cells and produce foie gras.
- This funding will be used to boost sales and commercialization.
- The company believes that its slaughter-free meat will convince customers to give the food a try, while it claims that multiple Michelin-rated restaurants are already serving the food.
- Gourmey also plans to build a 37,000-square-foot research and manufacturing hub.
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 A message from KUSTOMER Proactive Support = Customers For Life In a post-pandemic world plagued by inflation and delays, reactive support is no longer the only form of support that consumers expect. CX professionals say that proactively resolving customer issues is now a top priority that creates a customer for life. Today’s brands must: - Anticipate customer needs
- Think proactively
- Turn support functions into differentiators
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Overhead line monitoring company LineVision has raised a $33M Series C funding round. The round was led by Climate Innovation Capital and S2G Ventures. More: - Microsoft Climate Innovation Fund Marubeni, UP Partners, National Grid Partners, Clean Energy Ventures, and Zoma Capital also participated in the round.
- The company offers products that aim to increase the capacity, flexibility, and safety of transmission grids and accelerate the transition to net zero carbon emissions.
- LineVision will use the funding to boost the development of its proprietary Grid Enhancing Technology platform.
- The company, founded in 2018, has worked with National Grid, Dominion Energy, Duquesne Light Company, Xcel Energy, Tennessee Valley Authority, NYPA, and SMUD.
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Ada Ventures has closed a $40M fund officially named Fund II. The funds will be deployed to early-stage companies. More: - The firm will focus on verticals such as climate, healthcare, aging, and economic empowerment.
- Backers include Enterprise Capital Funds, Plexo Capital, the University of Edinburgh, Taavet+Sten, and angel investors such as the Supercell co-founders.
- Ada Ventures will invest around $500,000 per check. The company manages over $80M and has previously invested in startups such as Huboo, Organize, MOONHUB, SideQuest, and Spill.
- The company's previous fund, Fund I, invested in startups with 55% female and 30% ethnic minority founders.
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 A message from CLICKUP What software will you be using in the future? How about just five or ten years from now? We're introducing ClickUp 3.0 (coming this year), our next-generation productivity platform built to support the new era of teamwork and connecting teams like never before. Here's what you can expect: - Connecting people around shared projects and goals, so they feel like they’re working closely together, even when they’re far apart.
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Today's funding 💵 Biotech - Biopharmaceutical Research Company (California), a DEA-registered botanical cannabis company: $20M A led by Intrinsic Capital Partners with participation from Argonautic Ventures, Achari Ventures, AFI Capital Partners, Delta Emerald Ventures, and Self Health America.
- BlueZone Technologies (Canada), aims to produce sustainable branded generic anesthetic drugs: $8M growth led by Crédit Mutuel Equity and Round Pound Ventures.
Health tech - Patronus (Germany), develops software and devices for elderly care: $26M A led by Singular and Adjacent with participation from Burda Principal Investments, Cavalry Ventures, and UVC Partners.
- Katalyst (Nevada), a training system for Electro Muscle Stimulation-based workouts: $26M A led by Stripes, with participation from Incisive Ventures, Unlock Venture Partners, and angel investors such as Cindy Crawford.
Retail - Stellar Pizza (California), a pizza chain where robots prepare the food without human intervention: $16.5M growth led by Marcy Venture Partners(founded by Jay-Z).
SaaS - Easop (France), enables U.S. companies to give equity to international employees: $2.5M Seed co-led by Partech Partners and boldstart ventures, with participation from Kima Ventures and angel investors.
Social network/Media - Driift (U.K.), a live streaming platform where artists host concerts and monetize them: $3.9M growth led by Deezer.
Fintech - PredictionStrike (New York), enables fans to trade virtual shares of their favorite athletes using real money: $3M Seed led by MaC Venture Capital.
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Quick Hits: - The 3 Things to Never Build In Your App: Authentication, Notifications, and Payments.*
- Florida-based blockchain company Cryptyde, Inc., has acquired Forever 8 Fund for an undisclosed amount.
- Sportseen, a London-based advertisement company, has been acquired by TGI Sport. The latter is a Melbourne, Australia-based sports technology, media, and marketing company.
- Global consulting company Accenture has announced the acquisition of the Stellantis World Class Manufacturing Training & Consulting. The terms of this deal were not disclosed.
- Softbank's Pelion IoT device management has been acquired by Izuma Networks, a Texas-based computing company.
- Sensibill, a customer data platform based in Canada, has been acquired by Q2 Holdings. The latter is a software solutions developer for financial companies.
*This is sponsored content.
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Upcoming events at Inside: - October 11 - AMA with Mike Malone (Smallstep)* (Register Here)
- October 13 - AMA with Ram Bartov (Chief Accounting Officer at TripActions)* (Register Here)
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- November 02 - AMA with Bill Glenn (Executive Chairman at Crenshaw Associates) (Register Here)
- December 07 - Live AMA with Deividi Silva ( Head of Developer Relations at Gun.io) (Register Here)
*This is a sponsored listing.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | 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 and 1972 Fords. | |
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