Startups Raise Over $763M, Investors Raise $3.33B for New Funds, and $6.6B in M&A
November 8, 2023's biggest news in the private markets.
Black Ore Technologies, an Austin startup whose platform is designed to streamline tasks for accountants and other financial services professionals, raised a $60 million round co-led by Andreessen Horowitz and Oak HC/FT, with additional participation from General Catalyst, Founders Fund, Khosla Ventures, SV Angel, and PayPal co-founder Max Levchin.
Enable, a seven-year-old San Francisco startup whose platform helps companies keep track of B2B rebates, raised a $120 million Series D round at a $1 billion pre-money valuation. The deal was led by Lightspeed Venture Partners, with additional participation from previous investors Menlo Ventures, Norwest Venture Partners, Insight Partners, and Sierra Ventures. The company has raised a total of $276 million.
May Mobility, a six-year-old startup based in Ann Arbor, MI, that is developing self-driving systems for municipal and business customers, raised a $105 million Series D round led by NTT Group, with Toyota Ventures, Aioi Nissay Dowa Insurance Co., State Farm Ventures, BMW i Ventures, Cyrus Capital, and Trucks VC also participating. The company has raised a total of $300 million.
Refurbed, a six-year-old Vienna startup that operates a marketplace for refurbished and upgraded electronics, raised a $57 million Series C round co-led by previous investors Evli Growth Partners and C4 Group, with All Iron Venture and Speedinvest also pitching in.
Volante Technologies, a 22-year-old company based in Jersey City, NJ, that provides low-code cloud payments services to 150 banks and other organizations providing financial services, raised a $66 million round in both equity and debt led by Sixth Street Growth, with Wavecrest Growth Partners and Wells Fargo Strategic Capital also taking part.
Xpressbees, an eight-year-old Indian startup that provides logistics support for financial firms and e-commerce companies, raised an $80 million led by the Ontario Teachers' Pension Plan.
Cast AI, a four-year-old Miami startup that helps companies optimize their cloud spend, raised a $35 million Series B round led by Vintage Investment Partners, with Creandum and Uncorrelated Ventures also pitching in. The company has raised a total of $73 million.
Curious, a Seattle-based startup that seeks to pay roughly $1 million to $15 million for software companies that generate from $500,000 to $5 million in annual recurring revenue, raised a $16 million round from TTCER Partners, Granite Point Partners, Endurance Search Partners, The Nashton Company, and the Westerly Group.
Finkargo, a two-year-old Bogotá startup whose platform provides SMBs with trade financing and other trade-related services, raised a $20 million Series A round led by QED Investors, with Nazca as well as previous investors Quona, Flybridge, Maya, and ONEVC also contributing.
Frenetic, an eight-year-old Madrid startup that says it designs and produces high-frequency magnetic components for any device that requires power, raised a $12 million Series A round led by Kibo Ventures, with previous investors 42Cap, Join Capital, Bankinter, Bonsai, and Big Sur also joining in.
L-Nutra, a 14-year-old Los Angeles company that develops nutritional programs to counter the aging process, raised a $47 million first tranche of its Series D round. Brentwood Associates and Moderna CEO Stephane Bancel co-led the deal.
Needed, a six-year-old Los Angeles startup that sells perinatal supplements for women, raised a $14 million round led by The Craftory, with previous investors Seae Ventures and Crescent Ridge Partners also anteing up.
Qomodo, an Italian startup that provides BNPL services to retailers, raised a $36.8 million pre-seed round led by Fasanara Capital, with Exor Ventures, Proximity Capital, Ithaca Investment, Lumen Ventures, The Techshop, Primo Ventures, Notion Capital, Octopus Ventures, and Plug&Play also piling on.
Talus Renewables, a two-year-old Austin startup that develops sustainably produced ammonia for commercial use, raised a $22 million Series A round co-led by Material Impact and Xora Innovation, with Cavallo Ventures and Rice Investment Group also stepping up.
Bioomix, a two-year-old Danish startup that develops all-natural microbial products that it claims can help farmers achieve a better yield with fewer chemicals and emissions, raised a $6.7 million round led by West Hill Capital, with previous investors PreSeed Ventures, Planetary Impact Ventures, and HBL Invest also opting in.
BioPhy, a four-year-old Philadelphia startup that uses AI to provide quantitative metrics regarding the success of drugs and clinical trials, raised a $4.5 million pre-seed round led by Metodora Ventures, with Audere Capital and TRCM also participating.
Daytona, a New York startup that aims to provide an easy way for developers to spin up standardized development environments on their company's cloud infrastructure, raised a $2 million pre-seed round led by 500, with Tiny.vc, Silicon Gardens, Darkmode VC, and Firestreak Ventures also dealing in.
Due, a London startup that is building an international payment platform using blockchain protocols, raised a $3.3 million round co-led by Semantic and Fabric Ventures and including BlockTower, Speedinvest, Polymorphic Capital, and Discovery Ventures.
Fibmold, a one-year-old Indian startup that creates eco-friendly, molded fiber packaging products that mimic the functionality of rigid plastics, raised a $10 million round. Omnivore and Accel co-led the deal.
Redex, a five-year-old Singapore startup that provides a trading platform for renewable energy certificates, raised a $10 million Series A. Aramco Ventures was the lead investor.
ReturnGO, a three-year-old Tel Aviv startup that helps e-commerce clients like merchants selling on Amazon, raised a $4.8 million round. Trestle Partners was the deal lead. The company has raised a total of $11.3 million.
Risk Ledger, a three-year-old London startup that helps customers monitor the security of their supply chains, raised a $7.8 million Series A round led by Mercia Ventures, with additional funds provided by Seedcamp, Firstminute Capital, Episode 1, Village Global, and Lifeline Ventures. The company has raised a total of $12 million.
Sift, a one-year-old Los Angeles startup whose telemetry software helps companies collect, store, analyze, and visualize machine data, raised a $7.5 million round co-led by Riot Ventures and Fika Ventures, with First Resonance, Datum, and Duro also investing.
Sock, a one-year-old San Francisco startup that has created a mobile investing app for casual crypto investors, raised a $2.8 million seed round led by Haven Ventures, with additional capital supplied by Designer Fund, Expansion, Spacecadet Ventures, Sunflower Fund, and Olive Capital.
Superhog, a four-year-old British startup that helps property managers minimize risk and disruptions in short-term rentals, raised a $6.7 million Series A round co-led by 6 Degrees Capital, Hambro Perks, and Solano Partners.
Tvarit, a four-year-old Frankfurt startup that is focused on improving the sustainability of metal manufacturing, raised a $6.9 million Series A round led by Momenta, Futury Capital, and 4impact capital, with participation from previous investor Matterwave Ventures.
IBM has launched a new $500 million fund called the Enterprise AI Venture Fund that will be focused on investing in enterprise AI startups across all stages.
There's a new venture fund focused on Southern Europe. Founded by Glovo founders Oscar Pierre and Sacha Michaud, along with former Atomico investor Adam Lasri, Yellow is launching with €30 million in capital commitments to write pre-seed checks.
KKR, the private equity giant, says it has raised $2.8 billion for its second global impact fund.
Spanish Telecom Telefonica is seeking to buy a 28% stake in its German unit for as much as $2.2B in a bid to take the company private.
France-based investment firm Ardian acquired a $2.1B portfolio of PE investments in North America and Europe buyout funds from Canada's biggest pension fund, CPP Investments.
Columbia Asia, a Southeast Asian healthcare firm backed by TPG, emerged as the frontrunner to buy Malaysian private hospitals operator Ramsay Sime Darby Health Care for ~$1.5B.
BlackRock’s diversified infrastructure business will invest $550M of client money into Occidental Petroleum’s Stratos project.
Saudi Arabia’s PIF is in talks to invest at least $250M in Chinese EV maker Human Horizons at a $3B valuation.
India's Tata Group is considering selling a ~30% stake in the home appliances business of Voltas.