U.S.-based 645 Ventures has closed a $347M funding round to help SaaS startups scale and become category leaders. The firm currently manages $550M in assets. More: - The $347M will be separated into two funds: Fund IV ($194M) and Select I ($153M). The difference between the two funds is that Fund IV will make investments at the Seed and Series A stages, while Select I will write late-stage checks into the best-performing companies that reach the growth stage from the company's earlier funds.
- Fund IV will write checks ranging from $1M to $10M, while Select I will invest up to $15M.
- 645 Ventures focuses on software companies that tackle one of the four following themes:
- Citizen professional
- 2nd wave in SaaS
- Engineering value chain revolution
- Personalized consumer
- The firm's portfolio includes companies such as Spiketrap (acquired by Reddit), Alice (acquired by Expedia), Rifiniti, Resident, etc. Overall, it has had over 10 exits since being founded in 2013.
- It has raised five funds so far, and it currently manages $550M in assets.
- 645 Ventures has offices in San Francisco and New York.
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North Carolina healthcare company UpStream has raised a $140M Series B funding round to improve senior citizen care by connecting physicians, pharmacists, and nurses through its proprietary technology platform. Coatue and Dragoneer led this funding round. More: - UpStream offers a platform that enables physicians, pharmacists, and nurses to provide their services to senior citizens in primary care centers.
- The company's proprietary software helps healthcare professionals predict patient needs, coordinate with their staff, plan their work schedules, etc.
- This software has supported over 180,000 senior citizen patients and has lowered their costs by 20%, according to UpStream. Clients who want to deploy the software solution can do so within 90 days.
- Some of the company's new partners include the Community Care Physician Network in North Carolina, Tidewater Medical Group in Virginia, the Medical University of South Carolina Health Alliance, and the independent physician association Primary Care Associates in South Carolina.
- Avidity Partners, Define Ventures, and Mubadala also participated in the round.
- The company has raised $185M since its inception in 2018.
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Wander.com has raised $100M in debt from Credit Suisse to expand its network of smart vacation homes. The company is based in Austin, Texas. More: - Wander offers three main packages:
- Wander (basic travel plan)
- Wander Teams (a travel plan for company retreats and benefits)
- Wander Members (a membership plan with perks such as 24/7, 365-day access to the Wander concierge system, early access to properties, merchandise, and special offers from Wander's partner companies)
- Wander currently has smart vacation homes in Vail, Tahoe, Joshua Tree, Asheville, Hudson Valle, and other locations in California, Florida, Oregon, and South Carolina.
- The company aims to use this funding round to double its property portfolio across the two coasts.
- In addition to its rental properties, the company has introduced a new product named Wander Atlas. This financial product is a REIT that enables its owners to have a share in the profit that the company makes from the rental properties it operates.
- Wander was founded in 2021 and has raised over $130M.
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August Bioservices has raised a $65M Series B funding round to offer end-to-end drug research and development. The company aims to use this round to add capacities for large-batch sterile pharmaceutical manufacturing. More: - August Bioservices aims to provide drug manufacturing services to clients of all sizes and stages, from pre-clinical to commercial.
- The company claims that it is able to differentiate itself by providing services that large manufacturers offer, combined with fast and effective customer support.
- Its specializations include: sterile injectables topicals, high-complexity formulations, poorly soluble & highly viscous compounds, and uncommon container sizes & fill volumes.
- Oak HC/FT led this Series B funding round, with participation from Polaris Partners.
- The company is based in Nashville, Tennessee, but also has offices in Dallas, New York, New Jersey, Philadelphia, San Diego, and Germany.
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Today's funding 💵 Crypto/Web3 - Fleek (New York), a Web3 developer platform that enables web hosting on different Web3 protocols: $25M A led by Polychain Capital, with participation from Protocol Labs, Arweave, Coinbase Ventures, Digital Currency Group, North Island Ventures, Distributed Global, The LAO, and Argonautic Ventures.
Hardware - Classified Cycling (Belgium), develops wireless shifting technology for the cycling industry: $23M Growth led by Active Partners.
Real estate tech - Stellar (Texas), a marketplace for single-family rental properties: $20M B led by Weatherford Capital with participation from Brick & Mortar Ventures, S3 Ventures, Alerion Ventures, and Navigate Ventures.
Cybersecurity - Shield (Israel), a workplace intelligence platform that helps identify and evade digital risks: $20M B led by Macquarie Capital.
Transportation - MicroVision, Inc. (Washington), develops MEMS-based solid-state automotive lidar and advanced driver-assistance systems technology: $16M acquisition of Ibeo Automotive Systems.
Fintech - X1 (California), provides smart credit cards built with stainless steel: $15M B led by Soma Capital with participation from Brian Kelly and Kyle Vogt.
Biotech - Experic (New Jersey), a contract development and manufacturing organization serving the biopharmaceutical industry: $14M B led by Harro Höfliger Packaging Systems, and East Seattle Partners, with participation from Kineticos Ventures.
Artificial Intelligence - Prophia (California), offers an AI-powered platform for commercial real estate data management: $10.2M A led by Cercano Management, with participation from SignalFire.
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- Numeta Capital and Apis Holdings led a $9.7M Series B funding round for Certemy, a California-based provider of a cloud-based compliance platform.
- AllWork (New York), a freelancer management and payments platform, raised a $4.9M Series A led by FINTOP Capital.
- Colorado-based startup Elephant Energy has raised a $3.5M Seed funding round led by Building Ventures with participation from Workshop, Daniel Gulati, and Reuben Munger. The company offers a home electrification platform.
- Hair fiber science company Aja Labs has raised $2.5M in a Seed round led by Influence America Fund, Higher Ventures, and IndieBio.
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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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