Funding News

RALEIGH, N.C.--(BUSINESS WIRE)--On February 13, 2026, QHP Capital, L.P. (“QHP”) announced the closing of a $1.1 Billion single-asset continuation vehicle for Azurity Pharmaceuticals, Inc. (“Azurity”). The transaction provides liquidity to existing limited partners while enabling QHP to maintain control and continue executing on Azurity’s long-term value creation plan. The transaction was led by HarbourVest Partners, LLC (“HarbourVest”), with Pantheon Ventures, L.P. participating as a significan...

SAN FRANCISCO--(BUSINESS WIRE)--Mave Health, a neurotech company, announced $2.1 million in seed funding led by Blume Ventures with participation from other funds and angel investors, including Stanford Angels, Dhaval Shroff, and Raymond Russell. The company recently launched a non-invasive wearable headset built to improve focus, elevate mood, and regulate stress in just 20 minutes a day. Mave debuted with over 500 beta customers ahead of its public release last month. Based on self-reported d...

MEMPHIS, Tenn.--(BUSINESS WIRE)--Radio One and Reach Media, the audio divisions of Urban One, partnered with St. Jude Children’s Research Hospital® for the annual Urban Cares for St. Jude Kids® broadcast held March 12 and 13. The event raised $1.7 million to support research and treatment by St. Jude of life-threatening childhood diseases. “For nearly twenty years, Urban One has rallied listeners across the nation on behalf of St. Jude families,” said Ike Anand, President and CEO of ALSAC, the...

LOUISVILLE, Ky.--(BUSINESS WIRE)--RAAPID, Inc., an AI-powered risk adjustment company backed by M12 (Microsoft's venture fund) and recognized by Modern Healthcare as a 2025 Best in Business honoree in Healthcare IT, today announced the closing of additional Series-A investment from UPMC Enterprises, the innovation, commercialization, and venture capital arm of UPMC. UPMC Enterprises identifies and invests in technologies that address the most pressing challenges facing health systems and health...

NEW YORK--(BUSINESS WIRE)--Obin AI, an enterprise AI company building an agentic workforce for financial institutions, announces $7M seed funding led by Motive Partners....

LONDON--(BUSINESS WIRE)--Cocoon Carbon, a company unlocking a new, scalable supply of key materials used to make concrete, today announced the closing of a $15 million Series A round. The investment was co-led by 2150 and Brick & Mortar Ventures, investors in the built environment and construction sectors. The round included participation from TVC (The Venture Collective) and continued support from existing investors Wireframe Ventures, Celsius Industries, Gigascale Capital, and SOSV. A Str...

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Crossbow announced it raised $77 million in a Series B financing that will advance the development of TCR-mimetic antibody therapies to treat cancer....

DETROIT--(BUSINESS WIRE)--Duravent Group™ (“Duravent” or the “Company”), a leader in the venting and air movement industries and trusted partner to HVAC professionals, today announced it has secured a significant strategic growth investment from Bain Capital. Bain Capital will partner with Duravent’s leadership team, led by President and CEO Simon A. Davis, and Egeria, the Company’s existing investor, to accelerate the Company’s next phase of growth, deepen its category leadership, and expand i...

SEATTLE--(BUSINESS WIRE)--XBOW, the leader in autonomous offensive security, today announced it has raised $120 million in Series C financing. The round, led by DFJ Growth and Northzone, values the company at over $1 billion. As part of DFJ Growth’s investment, Ramin Sayar, Venture Partner, will join the XBOW Board of Directors. Drawing on his experience as the former CEO of Sumo Logic, he will help the company scale operations and expand in the enterprise market. The round also includes partic...

SHANGHAI, China--(BUSINESS WIRE)--Excalipoint Therapeutics Launches with $68.7 Million to Develop Next-Generation T-Cell Engager Therapies...