Prelude Ventures related stories
All articles and analysis
Nyriad grabs $8.5 mln Series ANew Zealand-based Nyriad Limited, an exascale computing company, has raised $8.5 million in Series A funding. The investors included Data Collective, Prelude Ventures, East Ventures, IDATEN Ventures and New Zealand Venture Investment Fund.
- Congruent Ventures raises $37 mln toward $50 mln maiden venture fund
Congruent Ventures has raised $37 million toward a $50 million maiden venture fund, according to a filing with the SEC.
- Ripple Foods racks up $65 mln Series C
Ripple Foods, a maker of nutritious plant-based dairy alternatives, has secured $65 million in Series C funding. Euclidean Capital led the round with participation from other investors that included Goldman Sachs, Fall Line Capital, GV, Prelude Ventures, S2G Ventures and Khosla Ventures.
- LevelTen Energy snags $6.8 mln
Seattle-based LevelTen Energy, an electric utility company, has raised $6.8 million in funding. The investors were Prelude Ventures, Techstars Venture Capital Fund, Founders’ Coop, Wireframe Ventures, Element 8 Fund and Avista Development.
- ClearMetal rakes in $9 mln Series A
ClearMetal, a predictive logistics company, has secured $9 million in Series A funding. Prelude Ventures and Innovation Endeavors led the round with participation from other investors that included New Enterprise Associates.
- Citrine Informatics lands $7.6 mln Series A
Redwood City, California-based Citrine Informatics, a chemicals and materials artificial intelligence platform, has raised $7.6 million in Series A funding. Innovation Endeavors, Data Collective and Prelude Ventures led the round with participation from AME Cloud Ventures and XSeed Capital. In addition to the funding, Scott Brady from Innovation Endeavors and Mark Cupta from Prelude Ventures have been appointed to Citrine's board.
- Canadian VC begins 2017 strongly as top Q1 deals take $400 mln
Canada’s top 10 first-quarter venture-capital financings drew close to $400 million from investors. While that’s down 19 percent from the $490 million raised by the top 10 deals a year earlier, it far exceeds the first-quarter results of other recent years. The estimate is based on PE Hub Canada’s list of the largest financings announced from January through March, supplemented by Thomson Reuters data. The list is headed by PointClickCare, which accounted for 2017’s first deal sized above $100 million, Visier, Inocucor Technologies and Fusion Pharma.
- Benson Hill Biosystems rakes in $25 mln Series B
St. Louis, Missouri-based Benson Hill Biosystems, an agricultural tech company, has raised $25 million in Series B funding. Lewis & Clark Ventures and Prelude Ventures led the round with participation from other investors that included Fall Line Capital, S2G Ventures, Alexandria Venture Investments, Cultivation Capital, iSelect Fund, Mercury Fund, Middleland Capital, Missouri Technology Corporation, Prolog Ventures and TechAccel. In conjunction with the funding, David Russell of Lewis & Clark Ventures and Mark Cupta of Prelude Ventures have been added to Benson Hill's board of directors.
MineSense Technologies nets $19 mln in Aurus Ventures-led dealMineSense Technologies Ltd, a Vancouver provider of data analytics systems for the mining industry, has secured $19 million in a follow-on financing. Chile's Aurus Ventures led the round. It was joined by Caterpillar Ventures, the venture arm of Caterpillar Inc, and existing investors Chrysalix Venture Capital, Cycle Capital Management, Prelude Ventures and Export Development Canada. Founded in 2008, MineSense provides real-time, sensor-based ore sorting solutions that help improve the productivity and environmental footprint of mines. It plans to use the funds raised to commercialize its technology. MineSense is led by President and CEO Jeff More.