Oil giant Shell USA is set to acquire electric vehicle charging company Volta for $169M. The latter is based in San Francisco. More: - Volta Charging is known for displaying advertising screens in its charging stations and then using that revenue to subsidize the charging costs.
- Volta has over 3,000 locations in 31 U.S. states and plans to double this number in the upcoming years.
- Its revenue in 2021 surpassed $15M, while the company was listed on the New York Stock Exchange in the same year.
- With this acquisition, Shell now has 90,000 EV charging stations worldwide that carry its brand. The company aims to take this number to 500,000 by 2025.
| |
Pathalys Pharma has raised a $150M funding round to develop therapies for kidney diseases. The company is based in Raleigh, North Carolina. More: - The company has several therapies in clinical trials, one of which is a phase 3 clinical trial for upacicalcet, a treatment for secondary hyperparathyroidism (SHPT) in patients on hemodialysis.
- This funding round was led by Abingwort, with participation from Carlyle and OrbiMed.
- The company aims to use this funding to boost its product development.
- Since its inception in 2021, the company has raised over $160M.
| |
 A message from DELL Dell for Startups provides startup expertise from dedicated technology advisors and scalable solutions to ensure your business is always ready to grow. From MVP to IPO, our Startup Tech Advisors are specially trained for your unique needs. They understand startups and will get to know your business. From client systems to infrastructure hardware, we have your startup covered with the best in scalable technology. Whether you're looking for low latency performance, deep learning, machine learning, VDI, and more. We have a solution that’s just right for you. The dell EMC Poweredge r750 is a full-featured enterprise server that delivers outstanding performance for the most demanding workloads. Inside members can save up to 50% off on Dell orders when connected to a Startup Advisor. For more information, go to www.dell.com/inside or contact us at startups@dell.com. Update your infrastructure
| |
Setpoint Medical has raised $80M to offer therapies for patients with autoimmune diseases. The company claims its innovative therapies may be cheaper than drug therapies. More: - Setpoint Medical's innovative method stimulates nerves that activate the inflammatory reflex. This nerve then produces a systemic immune-restorative effect.
- Norwest Venture Partners and Viking Global Investors led the funding round, with participation from Gilmartin Capital, New Enterprise Associates, Action Potential Venture Capital, Boston Scientific, Topspin Fund, Euclidean Capital, Morgenthaler Ventures, Richard King Mellon Foundation, ShangBay Capital, Ascendum Capital, Catalio Capital Management, Midas Capital, Citta Capital, and SVE Capital.
- The company aims to use the funding to develop its therapies and submit its applications to the FDA.
- The company is based in Valencia, California.
| |
Vannevar Labs has raised a $75M Series B funding round to help U.S. government agencies complete their missions successfully. The company is based in Palo Alto, California. More: - Vannevar Labs creates cybersecurity software that aims to help U.S. government agencies protect national security by completing their operations successfully.
- The company's flagship product is Decrypt, a software solution that helps U.S. security agencies improve their data sources and organize them more efficiently.
- Vannevar has reached over $25M in Decrypt sales so far.
- Felicis led this funding round, with participation from DFJ Growth, Aloft VC, General Catalyst, Point72 Ventures, Costanoa Ventures, and Shield Capital.
- Since its inception in 2019, the company has raised $87M.
| |
💵 Today's funding: Fintech -
Anyfin (Sweden), enables consumers to refinance existing loans: $32M C led by Northzone, with participation from Accel, EQT Ventures, FinTech Collective, Quadrille Capital, Augmentum FinTech, and Citi Ventures. Edtech -
Dreamscope Learn (California), offers learning experiences combined with cinematic storytelling: $20M A led by Bold Capital Partners, GSV Ventures, Verizon Ventures, and Cengage Group. SaaS - Chord (New York), provides data analytics tools for e-commerce and retail companies: $15M A led by Bright Pixel Capital and Eclipse, with participation from GC1 Ventures, TechNexus Venture Collaborative, Anti Fund VC, Imaginary Ventures, Foundation Capital, and White Star Capital.
- Notch (Canada), helps retailers and restaurants manage their bills, invoices, and payments: $10M Growth led by Portage, with participation from Golden Ventures, Math Ventures, Accomplice, Pre-Cursor Ventures, Garage Capital, and Plexo Capital.
Biotech E-commerce - thirteen lune (California), a skin beauty e-commerce company with over 100 brands: $8M Seed led by The BrainTrust Fund.
Health tech - Rx Redefined (California), enables physicians to directly fulfill medical supply orders for their patients: $8M A led by Crosscut Ventures Management, with participation from Tusk Venture Partners, Silverton Partners, Pisgah Fund, and Jeff Immelt.
Fintech - Core10 (Tennesee), provides lending and saving products: $6.5M B led by Patriot Financial Partners.
| |
Quick Hits: - Giving dry a try this January? Do it for less. Experience great-tasting non-alcoholic beer without the hangover! Enjoy $10 off your first purchase.*
- Altos Ventures led a $6M Series A round for Akia, a California-based customer experience automation platform.
- Hong Kong-based play-to-earn platform Neopets has raised a $4M funding round from Polygon Ventures, Blizzard Avalanche Ecosystem Fund, Hashkey Capital, IDG Capital, and NetDragon Websoft.
- Austin-based company SphereOne has raised $2.5M in a Seed round led by Distributed Global with participation from Newark Venture Partners, Zero Knowledge, and angel investors. The company allows users to buy things using any cryptocurrency and in any blockchain.
- Arkeon, a company that turns CO2 into protein, has raised $3M in a Growth round led by ICL. The company is based in Vienna, Austria.
- Customer trust is critical. Here's how to enhance your security without overextending your resources.*
*This is sponsored content.
| |
Upcoming events at Inside: - January 23 - Inside Coffee Break (Register Here)
- January 24 - Inside Coffee Break (Register Here)
- January 25 - Amanda Natividad speaks on zero-click content, how to measure it, and other trends to keep tabs on in 2023. (Register Here) *
- January 26 - Growth Experimentation Workshop: From Strategy to Process by GrowthHackers.com (Register Here)
- January 29 - Inside Interview with Lacework - 4 Common Attack Paths in Cloud Security (Register Here)
- January 31 - AMA with LinearB - Improving workflow for developers w/ Ori Keren (Watch On Demand)
- January 31 - AMA with Gun.io - Building and managing software development teams w/ Deividi Silva (Watch On Demand)
- April 18 - Human Resources Summit'23 (Register Here)
*This is a sponsored listing.
| |
 |  | 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. | |
| |
Comments
Post a Comment