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July 24, 2025 - Deals
Nevoya Secures $9.3 Million Seed Round Led By Lowercarbon Capital And Other Investors
Los Angeles-based Nevoya, founded by Sami Khan, has raised a $9.3 million seed round to accelerate its mission of making electric truck fleets competitive with diesel. The company, which offers AI-optimized electric freight services to Fortune 500 clients, has already reached cost parity in California and is expanding into Texas. Khan, alongside co-founder John Verdon, credits automation and smart fleet management as key to Nevoya’s lean, tech-driven carrier model. The round was led by Lowercarbon Capital, with participation from Floating Point, LMNT Ventures, Third Sphere, Stepchange, Never Lift, and Applied Intuition’s Qasar Younis.
INVESTORS: Lowercarbon Capital, Floating Point, LMNT Ventures, Third Sphere, Stepchange, Never Lift & Qasar Younis
ROUND: Seed
AMOUNT: $9,300,000
HQ: #LosAngeles #California
#VentureCapital #Nevoya #SamiKhan #LowercarbonCapital #FloatingPoint #LMNTVentures #ThirdSphere #Stepchange #NeverLift #QasarYounis #TradedVC
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OpenAI Launches $400 Million Venture Fund To Boost Startup Investments And ControlOpenAI has launched a second venture fund totaling $400 million, funded entirely with its own capital, marking a shift from its $175 million 2021 fund backed by outside investors including Microsoft. The move gives OpenAI greater control over its startup investments and returns as it grows its financial footprint ahead of a potential IPO, while co-founder and president Greg Brockman announced the appointment of Dali Rajic as chief revenue officer earlier this month.
FOUNDERS: Sam Altman, Greg Brockman, Ilya Sutskever & Elon Musk
AMOUNT: $400,000,000
HQ: San Francisco, California
#VentureCapital #OpenAI #SamAltman #TradedVC