Small Business Finance News
Venture Capital Deals: August 30, 2022
Written by Ken Gaebler
Published: 8/30/2022
Today's venture capital transactions total $365 million, with bets covering everything from biotech to satellite communications.
We are almost to the finish line of reporting on August 2022 venture capital transactions.
Here are fourteen recent August 2022 VC deals that the team has added to our venture capital database. Enjoy.
AdvanCell
Morningside Group backed an $18 million Series B funding round for AdvanCell, a radiopharmaceutical company developing next-generation cancer treatments. The company is based in Sydney, Australia.
AstriVax
Belgian vaccine producer AstriVax secured $29.9 million in seed investment from Fund+ and V-Bio Ventures. The company is building a diverse vaccine pipeline while targeting initial clinical validation of its platform technology.
Atlas Space Operations
Space communications venture Atlas Space Operations secured a $26 million Series B funding round. Mitsui & Co. took the lead on making the investment. Other investors included Beringea, Boomerang Catapult, Grand Ventures, Harmonix, Northern Michigan Angels, Rise of the Rest, VCapital and Wakestream Ventures. The satellite communications startup is based in Traverse City, Michigan.
Clarity Movement
Environmental startup Clarity Movement, which makes air quality monitoring solutions, scored $9.6 million in funding led by Active Fund. Amasia, HAX, LAUNCH Fund, SOSV, Spero Ventures and The Climate Syndicate also invested. The company is based in Berkeley, California.
DrivenIQ
DrivenIQ closed a $15 million Series A funding round. Capstone Technologies invested. Based in Towson, Maryland, the company is an omni-data ad tech company, focused primarily on zero-party and first-party data to help businesses reach their ideal customers.
Fervo Energy
Alternative energy venture Fervo Energy closed a $138 million Series C financing round. DCVC took the lead on making the investment. Other investors included 3x5 Partners, Breakthrough Energy Ventures, Canada Pension Plan Investment Board, Capricorn Investment Group, Congruent Ventures, Elemental Excelerator, Grantham Foundation, Helmerich & Payne, Impact Science Ventures, Liberty Oilfield Services, Macquarie and Prelude Ventures. Based in Houston, Texas, the company was founded with the goal of leveraging innovation in geoscience to accelerate the transition to clean energy.
Flyway
Proptech startup Flyway announced a $10 million round. Group RMC, Monday Capital and Signal Ventures led the investment, with support from individual investors. The company, which is based in both London and Athens, operates a second home ownership platform intended to democratize access to homeownership.
Happy Health
Happy Health closed a $60 million Series A funding round. Arch Venture Partners invested. Based in Austin, Texas, Happy Health markets a smart personal health record for consumers coupled with a rapid check-in and payments system for medical practices.
Lumotive
Semiconductor company Lumotive announced a new funding round. Samsung Ventures led the investment, with support from Himax Technologies, MetaVC Partners, Quan Funds and individual investors. The investment amount was not disclosed. The company is based in Redmond, Washington and is a leader in solid-state, 3D-sensing systems used in consumer electronics, industrial automation, robotics and automotive applications.
Pace by Object Software
Pace, created by Object Software, is the beneficiary of a $5 million seed funding round. Work-Bench Ventures took the lead on making the investment. Other investors included AlleyCorp and angel investors. The company is based in New York City and is building a product-led revenue platform that allows SaaS companies to access insights about customer behavior.
Sequel.io
San Francisco-based Sequel.io closed a $8 million Series A round. Javelin Venture Partners led the investment, with support from Alumni Ventures, Great Oaks Venture Capital, Growth Warrior Capital, Social Leverage, Struck Capital and V1.VC. The company provides a no-code/low-code solution to allows brands to build live event experiences and better engage with their communities.
Tridge
Korean agtech company Tridge raised $37.2 million in Series D financing from DS Asset Management. The company provides an online trade platform that matches global food agriculture buyers and sellers.
ViaVia
Social fashion e-commerce startup ViaVia announced a $8 million seed round. Basis Set Ventures and New Enterprise Associates led the round, with support from AI Fund, Backend Capital and EXOR. The company is based in West Hollywood, California. They offer a mobile first, video-driven shopping destination, featuring a curated selection of brands from around the world.
Zelluna Immunotherapy
Biopharma company Zelluna Immunotherapy raised a growth funding round from Takeda Ventures. The investment amount was not disclosed. Based in Oslo Norway, the company is developing cell therapy products for the treatment of solid cancers.
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