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Main Street deals welcomed on VC platforms

Venture Capital Cross @ VCCross.com – 5/28/2023 – – As traditional funding sources dry up, private companies are seeking alternatives to raise capital.  Also, a growing number of small businesses are also turning to VC portals, which typically include Crowdfunding, as a means to attract capital.  Small mom and pop businesses are sometimes referred to as “Main[…]

VCs Plow Money Into Indoor Farming, But Open Fields Might Be More Ripe For Innovation

From Crunchbase News When a hurricane in Florida and a virus in California killed a promising lettuce bounty late in 2022 and earlier this year, some hobbyists turned to indoor farms to supply their winter fuel of hearty salads. Indoor farming is something venture firms have deemed the future of agriculture. Armed with temperature control, hydroponics and[…]

Substack Asks Writers For Money As VC Funding Freezes | ZeroHedge

From: zerohedge Substack is initiating a crowdsourcing funding round, allowing writers to invest as little as $100 in the company. On Tuesday morning, the startup emailed writers about the investment opportunity. The development comes amidst a freeze in venture capital funding markets, which followed the collapse of Silicon Valley Bank. “Today, we’re starting a process[…]

All eyes on me: Leading eyecare company Bausch + Lomb sets terms for $788 million dual listing in the US and Canada

By Renaissance Capital, Bausch + Lomb, a leading supplier of contact lenses and eyecare products, announced terms for its IPO on Thursday. The company plans to dual list on the Toronto Stock Exchange. The Vaughan, Canada-based company plans to raise $788 million by offering 35 million shares (100% secondary) at a price range of $21 to[…]

Norovirus vaccine developer HilleVax upsizes proposed IPO to $175M

By Val Kennedy,    Novovirus vaccine developer HilleVax (HLVX) has upsized its initial public offering to $175M from $100M. The biotech company said in an amended filing on Monday that it now plans to offer 10.3M shares priced between $16 and $18 per share. If priced at the midpoint, the company would raise approximately $175M. In a filing[…]

Lung cancer test developer BioAffinity files for $19M IPO

By Val Kennedy,     BioAffinity Technologies (BIAF), which is developing a test to better detect lung cancer in its earliest stages, has filed for a $19M initial public offering. The Texas-based diagnostics maker didn’t specify the number of shares to be offered and their pricing, but indicated that it hoped to raise up to $19M through[…]

Applied Blockchain stock slides in wake $40M IPO, Nasdaq uplisting

By Val Kennedy,     Applied Blockchain (APLD) stock tumbled 10% Thursday, a little over a week after the company uplisted its shares to Nasdaq and raised $40M through an initial public offering. Shares opened at $4.61, sliding to $4.15 by early afternoon. The stock recently changed hands at $4.24, down 10%, at approximately 2:55 p.m.[…]

EV sport boat developer Forza X1 downsizes proposed IPO

By Val Kennedy,   EV sport boat developer Forza X1 (FRZA) has downsized its proposed initial public offering to around $18M from $31M. Forza X1 indicated the new raise target in an amended filing, although the number could be a placeholder and likely to change. The EV boat maker didn’t specify the number and pricing of the shares to[…]

Chinese IoT solutions provider Wuxin Technology files for US IPO

By Val Kennedy,   Wuxin Technology Holdings (WXT), a provider of Internet of Things connectivity solutions in China, has filed to hold an initial public offering in the US. Wuxin plans to list its shares on Nasdaq under the symbol WXT. The size and pricing of the deal were not disclosed. Prime Number Capital is[…]

California VC firm backed by Russia navigates a global crisis

From Pitchbook For Fort Ross Ventures, a Silicon Valley firm with strong ties to Russia, the war in Ukraine casts a long shadow across its international portfolio and investor base. Sberbank, the now-sanctioned top Russian bank, has long been a leading limited partner backing Fort Ross, dating back to its first fund in 2015. Sberbank, the[…]