CU Boulder spinout SomaLogic Inc. is beginning a merger with a special purpose acquisition company CM Life Sciences II that would add up to $651 million in new funding to the company’s books, and make it Colorado’s latest unicorn. The deal values SomaLogic at $1.23 billion before going public, granting it unicorn status as a privately held company worth more than $1 billion.
Inscripta, Inc., the digital genome engineering company, today announced the first commercial shipment of its Onyx™ platform and the closing of a $150 million Series E financing round led by Fidelity Management & Research Company LLC and funds and accounts advised by T. Rowe Price Associates, Inc.
Solid Power, an industry-leading producer of all solid-state batteries for electric vehicles, today announced a $130 million Series B investment round. The investment positions Solid Power to produce full-scale automotive batteries, increase associated material output and expand in-house production capabilities for future vehicle integration.
OnKure, a privately-held biopharmaceutical company developing best-in-class, targeted oncology therapeutics, announced that it has raised $55 million in a Series B financing. Proceeds will be used to advance the Company’s next generation histone deacetylase (HDAC) inhibitors further into clinical development and fund a growing pipeline of earlier stage molecules.
ColdQuanta, a CU Boulder spinout company co-founded by Physics Professor Dana Anderson, is a fast-growing startup focused on Cold Atom Quantum Technology, a scalable, versatile, and commercially viable area of quantum tech. Caruso’s involvement with the company began late last year, as he joined as an investor. After additional conversations with the leadership team, Caruso saw an opportunity to help.
Socialcontext.ai is brand safety technology for the programmatic display advertising marketplace. Its patented deep learning approach is more precise, which increases content monetization for news publishers while improving security for advertisers. By going beyond entities and sentiment analysis, we give advertisers greater control over the types of content their ads appear alongside. With socialcontext, advertisers can avoid anti-vax articles, but also ensure they never block articles that advocate for racial diversity. Socialcontext launched its API in January 2021 and are seeking an initial seed round of $1 million. This will allow them to hire sales, install their founders full-time, and expand their product to the social media advertising market. This round will provide runway through the end of 2021.
Current Capital Raise: Seed Round Amount: $1 million
TYNT Technologies, including Mike McGeehee and his group at CU Boulder, is developing a low cost, high throughput dynamic film solution that enables any Window OEM to deliver Smart Windows to the home. The group has filed several patents and will be the first in industry to provide full blackout privacy without additional window add-ons, all while saving homeowners on energy costs for the entire home. TYNT has made tremendous progress, not only demonstrating their technology in the form of a 1ft x 1ft working sample, but they have also signed multiple LOI’s with strategic partners and potential customers. TYNT is now raising a $2.5 million seed round to fund product development. For more information, please contact CEO Ameen Saafir at email@example.com.
Current Capital Raise: Seed Round Amount: $2.5 million
Mallinda is an upstream specialty resin supplier developing and commercializing Vitrimax—a new platform technology of robust engineering polymers to enable circular recyclability and high throughput manufacturing of structural composite parts. With active commercial enterprise partners in aerospace, automotive, wind and sporting goods, Vitrimax represents a 21st century solution to historically non-recyclable engineering polymers. Mallinda is raising a $6M series B to scale for commercial operations.
Current Capital Raise: Series B Round Amount: $6 million