Magnify Ventures Raises $46.6 Million For Second Fund Focused On Care Economy Startups

Magnify Ventures has raised $46.6 million for its second fund, with backing from limited partners including Melinda French Gates' Pivotal Ventures. Founded in 2021 by Joanna Drake and Julie Wroblewski, the early-stage venture firm invests in startups focused on the care economy, including assistive robotics, family cybersecurity, and AI for the home. Fund II will target companies building AI tools for households, health and home systems, and fintech infrastructure for families. The firm previously raised a $52 million Fund I in 2022 and has backed startups such as Kinside and Till Financial.\ FOUNDERS: Joanna Drake & Julie Wroblewski AMOUNT: $46,600,000 HQ: Santa Monica, California #VentureCapital #MagnifyVentures #JoannaDrake #JulieWroblewski #TradedVC

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Aligned Raises $60 Million In Series B Funding Led By PeakSpan CapitalAligned raised $60 million in Series B funding led by PeakSpan Capital, with participation from Hetz Ventures, JAL Ventures, and NFX, as the company expands its AI-powered B2B sales platform. Founded by Gal Aga, Gal Dietsch, and Yotam Sela, Aligned builds AI agents that automate complex enterprise sales workflows by organizing stakeholders, documents, and deal execution from first meeting to contract close. The new funding brings the company's total capital raised to $73.8 million and will support continued product development and team expansion. FOUNDERS: Gal Aga, Gal Dietsch & Yotam Sela INVESTORS: PeakSpan Capital, Hetz Ventures, JAL Ventures & NFX ROUND: Series B AMOUNT: $60,000,000 HQ: New York, New York #VentureCapital #Aligned #PeakSpanCapital #GalAga #TradedVC

Luxonis Secures $14 Million Series A Funding From Denali Growth Partners And Taiwania CapitalLuxonis, a Denver-based spatial AI startup, has raised $14 million in Series A funding in its first institutional financing round after more than seven years of operating with friends-and-family backing. The round was led by Denali Growth Partners, with participation from Taiwania Capital, and will help the company expand production capacity, grow its R&D and go-to-market teams, and further develop its OAK4 cloud perception ecosystem and robotic vision platform. CEO Bradley Dillon said the investment will accelerate Luxonis' growth as it scales technology that gives machines human-like perception for physical AI applications across industries including agriculture, defense, industrial automation, medtech, and warehousing. FOUNDERS: Shawn McLaughlin & Martin Peterlin INVESTORS: Denali Growth Partners & Taiwania Capital ROUND: Series A AMOUNT: $14,000,000 HQ: Denver, Colorado #VentureCapital #Luxonis #ShawnMcLaughlin #MartinPeterlin #TradedVC

Kling AI Secures $2 Billion In Venture Capital Funding To Expand AI Video OperationsKling AI, the AI video generation spinoff from Kuaishou Technology, has raised an initial $2 billion in venture capital funding to expand its AI video operations, with the round potentially growing to about $3 billion as additional investors join. Valued at $15 billion before the financing, the company develops AI-powered tools that generate videos and short films from text prompts and is competing with rivals including ByteDance’s Seedance and Shengshu, while benefiting from strong demand that helped lift its annual recurring revenue to about $500 million following the launch of Kling 3.0. AMOUNT: $2,000,000,000 HQ: Singapore #VentureCapital #KlingAI #TradedVC