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Mercedes-backed Volocopter files for bankruptcy

Mercedes-backed Volocopter files for bankruptcy
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
January 2, 2024

What We're Reading

Trending Companies

 

Ottimo Pharma, a cancer therapy firm designed for solid tumors, raises $140MM Series A from OrbiMed.

Oncology • Kent Sandwich, United Kingdom

 

Oura, a company developer of a wellness wearable ring designed to track and improve the quality of sleep and performance, raises $200MM Series D from Fidelity Investments.

Digital Health • San Francisco, CA • Post-Money Valuation

 

Cadstrom.io, a company that developed an AI expert system that enables electrical engineers to design electronic devices correctly on the first try, raises $6.8MM Seed from Bison Ventures.

Automation • Montreal, Canada

 

Bureau, a software developer that offers security against new age cyber fraud such as API, authentication, digital identity, risk score and management, device identification, data intelligence and privacy, fraud consortium, financial crime prevention, anomaly alerts, predictive modeling, tokenisation, behavioral biometrics, compliance and fintech, raises $30MM Series B from Sorenson Capital.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation

 

One Finance, a software developer that operates a single account that unifies saving, spending, borrowing and sharing in one place, raises $300MM Equity Funding from Ribbit Capital.

Apps • Sacramento, CA • Post-Money Valuation

 

Mantis Robotics, a company that builds fenceless industrial robots with physical intelligence, that interact and collaborate safely with humans.

Artificial Intelligence • Pleasanton, CA • Post-Money Valuation

 

Portal Biotechnologies, a cell engineering platform firm that implements a simplified approach to intracellular delivery, focused on accelerating advances stimulated by the new generation of RNA, gene editing, and molecular design technologies, raises $7MM Seed from IA Ventures.

Life Sciences • Watertown, MA • Post-Money Valuation

 

1900 Wealth, a wealth management firm with cash flow forecasting, trust and estate planning, investment consulting, insurance planning, retirement planning, risk management, charitable giving and distribution planning, raises $17.6MM Equity Funding from Undisclosed Investors.

Risk Management • San Antonio, TX • Post-Money Valuation

 

Anduin, a firm that helps accounting firms automate and optimize critical revenue processes by unlocking client data from existing practice management and CRM systems, raises $113MM Equity Funding from KKR.

Accounting • Charlotte, NC • Post-Money Valuation

 

TripSuite, a provider of a software platform for travel agencies, raises $5MM Seed from F-Prime Capital Partners.

Cloud • Brooklyn, NY • Post-Money Valuation

 

 

Fervo Energy, a company that provides carbon-free energy through the development of next-generation geothermal power, raises $225MM Debt and Equity Funding from Capricorn's Technology Impact Fund II.

CleanTech • Houston, TX • Post-Money Valuation

 

Simulation Theory, a firm that develops software development kit intended to reduce waste by optimizing compute resources, raises $2MM Seed from Larry Russ.

CleanTech • Poway, CA • Post-Money Valuation

 

Moon Beast, a firm that develops ARPG games designed to offer action role-playing games, raises $4.5MM Seed from Overwolf.

Games • Austin, TX • Post-Money Valuation

 

Tolerance Bio, a company dedicated to increase healthspan by restoring and preserving the function of the thymus, raises $20.2MM Seed from Pacific 8 Ventures.

Life Sciences • Chapel Hill, NC • Post-Money Valuation

 

Oak HC/FT invests in Remodel Health, a developer of health benefits software for employers.

Benefits • Indianapolis, IN • Deal

 

Allvue Systems acquires PFA Solutions, a provider of compensation and carried interest software solutions for firms across private equity, private debt and venture capital.

IT Consulting • Fairfax, VA • Deal

 

Aspirion Health acquires Boost Healthcare, a healthcare consulting firm specializes in revenue recovery and payer contracting service.

Management Consulting • Alameda, CA • Deal

 

Harbour Group acquires Senproco, a firm that manufactures pet grooming products such as shampoos, conditioners, colognes and sprays.

Pet Products • Sioux Falls, SD • Deal

 

Arthur J. Gallagher acquires Howe Insurance, a company that operates in the insurance services industry.

Auto Insurance • Austin, TX • Deal

 

VLS Environmental Solutions acquires Clearfield MMG, a provider of treatment and disposal of petroleum contaminated materials, industrial wastes and other difficult waste materials.

Waste Management • Petersburg, VA • Deal

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