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| Hello, Insiders! Let's dive into today's VC news highlights: - Revroad Capital raises the largest debut fund in Utah's history.
- Hayden AI raises $53M to make transportation safer.
- HqO raises $50M to provide an end-to-end real estate experience platform.
If you find this newsletter useful, please share it with your friends and colleagues. Thank you. Arbër
p/Arber | |
| 1 | | Revroad Capital has raised $61M to invest in AI, EV, SaaS, and manufacturing startups based in the U.S. This is the largest fund debut raise in the history of Utah. More: - Since its inception in 2022, the company has invested in startups such as:
- Particl,
- Hypercraft,
- Kinectify,
- Sierra,
- Halosight.
- The company's founding team comprises executives who worked at Amazon, Goldman Sachs, and JPMorgan.
- According to data, this debut funding round is also the fourth largest in the history of the Mountain region in the U.S.
- The firm is based in Provo, Utah.
Q: Will any other area in the US be able to surpass Silicon Valley as the US tech capital one day? Join the conversation here. |     | |
| 2 | | 
Hayden AI has raised a $53M Series B funding round to provide data intelligence for the transportation industry. Drawdown Fund was the lead investor. More: - Hayden AI offers hardware and software solutions that provide data intelligence and help make transportation safer.
- One of the main use cases includes a hardware device that government agencies use to enforce traffic violations.
- The company aims to use the funding to expand its market position globally.
- Hayden AI is based in San Francisco.
- Since its inception in 2019, the company has raised over $80M.
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| 3 | | HqO has raised a $50M Series D funding round to provide an end-to-end real estate experience platform. The company claims it has over 300,000 users and has helped companies manage over 400 million square feet of property. More: - HqO offers a software platform that focuses on three main areas:
- measuring employee's experience satisfaction in an office,
- determining how likely a building is to have high tenancy and tenant retention,
- and ranking landlords through customer reviews.
- HqO claims it has over 300,000 users in 72 countries.
- Koch Real Estate Investments led the funding round, with participation from Accomplice, Insight Partners, and Related.
- The company has raised $200M in total funding so far.
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| 4 | | North Carolina-based Petfolk has raised a $40M Series B to offer 24/7 virtual and physical care for pets. Movendo Capital was the lead investor. More: - Petfolk offers 24/7 care, mobile pet care centers, care plans, etc. The company also offers veterinarians equity in the locations.
- In addition to Movendo, White Star Capital and Idea Farm Ventures also participated in the funding round.
- The company aims to use the funding to expand its operations across the U.S.
- Founded in 2021, it has scaled to 11 locations and plans to build 20 more by the end of 2024. The company currently operates in North Carolina, South Carolina, Georgia, and Florida.
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| 5 | | EarthGrid PBC raised $30M Seed to create robots that dig tunnels using plasma. The company aims to create new underground transmission infrastructure across the U.S. More: - EarthGrid PBC aims to develop America's underground transmission infrastructure so that it can reliably increase its capacity to transmit electricity from the new energy sources that are planned to be developed in the future.
- The company initially set out to raise $15M, meaning the round was oversubscribed twofold.
- Out of the total funding amount, $3M was raised through crowdfunding, while the rest was raised through institutional investors.
- EarthGrid PBC is based in San Francisco.
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| 6 | | GlobaCap has raised a $21M Series B to digitize capital markets and financial transactions. Moore Strategic Ventures and the Johannesburg Stock Exchange were two of the main backers. More: - The company offers software that aims to make financial transactions faster and help with the administrative tasks of the final settlement of securities.
- GlobaCap claims that it has had administrative duties over $14B worth of assets and has overseen $350M worth of secondary assets.
- Cboe Global Markets, GABI Ventures, and QBN Capital also participated in the funding round.
- The funding round will be deployed for international growth, marketing, and expanding its white-label division, which already counts 70 clients.
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| 7 | | Quick Hits: - Don't settle for the sidelines. Participate in Sandhill Markets' auctions and bid on shares of pre-IPO giants like Stripe, Databricks, Anduril, and OpenAI.*
- Overstory, a startup that aims to help mitigate natural disasters, has raised a $14M Series A funding round led by B Capital, with participation from The Nature Conservancy.
- North Carolina-based Finzly has raised a $10M Series A funding round. The fintech company's lead investor was TZP Growth Equity.
- Bluebirds, an AI platform that aims to help outbound teams increase sales, raised a $5M Seed round led by Lightspeed Venture Partners, with participation from Y Combinator, 1984 Ventures, and SOMA Capital.
- Cryptocurrency guiding platform Beluga has raised a $4M Seed round led by in Capital with participation from Anagram, UDHC, Dispersion Capital, Aptos Labs, 2 Punks Capital, Borderless Capital, Kyber Capital, 186 Ventures, W11 Capital, and Rubik Ventures.
- Final day to invest in LiquidPiston is 10/24. Become a LiquidPiston investor before it's too late.*
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INSIDE VENTURE CAPITAL LEADERBOARD (7 DAYS) |
 | Writer | | 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. | | This newsletter was edited by Aaron Crutchfield | |
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