Led · Equity · Jan 2025

Anivive Lifesciences, based in Long Beach, Calif., combines biotechnology and AI to accelerate drug discovery and repurpose human treatments for veterinary use. Its pipeline targets oncology, antivirals, antifungal vaccines and diseases including feline infectious peritonitis and systemic fungal illnesses. Anivive launched its direct-to-veterinarian sales platform, Engage, in early 2024 and has processed over 9,000 orders. The company is developing a canine vaccine for Valley fever, described in the article as the first-ever antifungal vaccine, and is advancing commercialization and manufacturing readiness. Financially, Anivive has a $33M contract with the National Institutes of Health to support a human Coccidioides vaccine and reports over $80MM in preorders and commitments across its pipeline. The company says it will use new capital to bolster R&D and expand manufacturing capabilities.

Led · Debt Financing · Nov 2024

ION Storage Systems is developing a solid-state battery platform built around a patented solid-state anode technology. The company targets multiple markets including defense and aerospace, medical, consumer electronics, electric vehicles, and grid storage. ION has announced cell performance qualification as part of its commercialization progress. The June 2026 press release states the company is located in Beltsville, Md. ION positions its anode technology as offering a step change in performance while being easy to integrate to lower risk for EV applications. The company received a $2 million investment from TEDCO’s Venture Funds to support continued commercialization activities.

Led · Debt Financing · Sep 2024

Aclima builds a combined hardware and software system that measures air pollution and greenhouse gases at high spatial resolution using its own patented sensors and a network of roving and stationary devices. The company integrates those inputs, compares them to nearby EPA monitors for quality control, and provides a data interface that highlights areas of concern by pollutant, toxin, GHG, or source. Its professional analytics software translates billions of scientific measurements into environmental intelligence for governments, companies, and communities. Aclima emphasizes a science-driven approach and public-health outcomes, and it cites work aimed at reducing emissions and delivering cleaner air. The company has received recognition including TIME100 Most Influential Companies (2023) and inclusion on the GovTech 100 (2023 and 2024), and it recently announced a historic deal with the California Air Resources Board. CEO Davida Herzl said the company will use capital to continue focusing on innovations and scaling revenue. Aclima develops hyperlocal measurement platforms that capture greenhouse gases and regulated air pollutants through mobile and stationary sensor networks. Its technology combines fleets of roving vehicles with stationary sensors and a backend analytics platform to map emissions at neighborhood scale. The company offers an enterprise professional software product for regulators and businesses, a free public tool, and a third revenue stream via partnerships with companies like Google that attach Aclima sensors to mapping vehicles. Aclima’s technologies are deployed across California, with major customers including municipalities in the Bay Area and San Diego, and its data has been used for community intervention plans such as in West Oakland. The startup positions its data at the intersection of climate, public health and environmental justice, helping governments and industry benchmark and prioritize emission reductions. Aclima raised $40 million in new funding to accelerate growth and expand capacity to support new and existing customers. The company was founded by Davida Herzl and is about a decade old. Aclima builds internet-connected air quality sensors and a software platform to generate hyperlocal pollution maps and analytics. The company partners with vehicle fleets (including work with Google StreetView) to deploy mobile sensors and create dense measurement networks. It monetizes interpreted data through a SaaS platform and often finances or part-finances sensor deployments for fleet partners. Aclima has demonstrated its technology across California—mapping the Bay Area, Central Valley and Los Angeles—and its data has supported scientific studies and local policy, including links to cardiovascular risk and school filtration decisions. The company reports its platform provides up to 100,000x greater spatial resolution at a 100–1,000x cost reduction and is investing in R&D to add pollutants (CO2, methane, particulate matter, black carbon) and future capabilities such as VOC speciation and smaller, lower-cost sensors. The new funding will be used to grow headcount, secure more fleet partnerships, expand pollutant coverage and pursue broader geographic (including global) expansion.

Led · Debt Financing · Aug 2024

Zeno Power develops compact, long-duration nuclear batteries intended to provide reliable energy in frontier environments. Its systems target demanding maritime and space applications such as seabed infrastructure, highly maneuverable satellites, and lunar landers. The company has secured over $60M in contracts from the U.S. Department of Defense and NASA to develop these batteries. Founded in 2018 and led by CEO Tyler Bernstein, Zeno Power has 65+ team members. The company plans to use the new funding to grow its team to over 100 employees across Seattle and Washington, DC, and to invest in manufacturing capabilities to scale production and meet customer demand. This funding brings Zeno's total capital raised to over $70M following a Series A led by Tribe Capital in 2022. Zeno Power develops commercial radioisotope power systems, transforming nuclear waste (notably strontium-90) into compact heat sources for use in frontier environments from seabed installations to lunar missions. The company successfully demonstrated its first strontium-90 heat source at Pacific Northwest National Laboratory in late 2023. Zeno holds over $60M in contracts with NASA, the U.S. Navy, and the U.S. Space Force, signaling government demand for its technology. The firm is positioning its systems for both government space and terrestrial missions and is introducing a new category of power systems to the commercial market. To support development and operations, Zeno secured a revolving credit facility that provides working capital flexibility. No revenue or user metrics were disclosed in the articles.

Led · Debt Financing · May 2024

ABL Space Systems is a launch startup building the RS1 small rocket and associated ground systems to deliver rapid, flexible access to space. Its core focus is “responsive launch,” enabling missions to lift off on short notice without a predefined trajectory, orbit, or launch site. To achieve this, the company is developing operational capacity that can quickly adapt payload, launch location, and target orbit, in line with the U.S. Space Force’s Tactically Responsive Space goals. ABL is preparing for a second RS1 launch attempt from Alaska after a January flight was lost when all nine first-stage engines shut down simultaneously. The Space Force has also assigned the startup dedicated launch space at Launch Complex 15 in Cape Canaveral, supporting future growth. A recent $60 million STRATFI contract—matched by private investment—provides fresh capital to complete development and scale its on-call launch capabilities.