- Funding Secured
- Posts
- Top Financings of the Week
By Taylor Pierce - Tuesday, Aug 12
The Recap
The best information on capital raises and financing activity in under 5 minutes:
Verb Technology Company (Nasdaq: VERB) The marketing technology firm announced a $558 million private placement to establish the first publicly listed TON treasury strategy company, in partnership with Kingsway Capital.
Energy Vault (NYSE: NRGV) The grid-scale energy storage provider secured a $300 million preferred equity investment to launch Asset Vault, a new subsidiary focused on building, owning, and operating energy storage assets globally.
ParaZero Technologies Ltd. (NASDAQ: PRZO) The aerospace defense company signed definitive agreements for a $2.2 million registered direct offering of ordinary shares and pre-funded warrants at $1.10 per share.
Image: TheBlock.co
Verb Technology Company, Inc. is transforming the landscape of social commerce. The Company operates multiple business units, each of which leverages the Company’s social commerce technology and video marketing expertise.
The Company utilizes advanced AI capabilities power real-time user-generated-content creation, automated video content repurposing for high conversion video ads, and AI-powered virtual live shopping hosts that are virtually indistinguishable from human hosts, capable of real-time audience engagement.
Verb’s recent financing is expected to deliver approximately $558 million in gross proceeds Company is expected to create the first publicly traded treasury reserve of Toncoin, the native cryptocurrency of The Open Network blockchain, which has an exclusive partnership with Telegram, the world’s second largest messenger with over one billion monthly active users.
“Telegram is the preferred messenger for the growing global crypto community and $TON is the currency that powers the Telegram ecosystem. In my judgment, permanent capital vehicles are particularly suitable for long-term holdings of $TON, which not only has the potential to compound in value, but also offers staking yield, meaning TSC can benefit from staking rewards,” said Manuel Stotz, incoming Executive Chairman.
Energy Vault develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies.
“The $300 million investment and the creation of Asset Vault unlock the full potential of our “Own and Operate” storage IPP strategy with immediate investment flexibility,” said Robert Piconi, Chairman of the Board and CEO of Energy Vault. “By combining long-term contracted revenues with strategic capital and integrated, self-performed project execution, we are well positioned to scale resilient, mission-critical energy infrastructure to meet the current needs driven by the penetration of renewable energy and the massive increases in energy demand driven by data center AI infrastructure.”
ParaZero Technologies is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry.
The Company’s product portfolio includes SafeAir, an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching platform for protection against hostile drones in both battlefield and urban environments; and DropAir, a precision aerial delivery system.
ParaZero recently announced a $2.2 million dollar financing where the net proceeds from the offering, together with its existing cash, will be used for general corporate purposes and working capital.
Top Money Moves
Company | Money Raised ($USD) | Sector |
VERB Technology Company | $558,000,000.00 | Crypto |
Armour Residential REIT | $302,475,000.00 | Real Estate |
Energy Vault | $300,000,000.00 | Energy |
United Arab Bank | $280,693,157.00 | Banking |
Ramaco Resources | $200,000,000.00 | Mining |
Assembly Biosciences | $175,000,000.00 | Biotech |
Shattuck Labs | $103,000,000.00 | Biotech |
Clearway Energy | $100,000,000.00 | Energy |
Minera Alamos | $80,003,084.00 | Mining |
Sana Biotechnology | $75,000,000.00 | Biotech |
Heron Therapeutics | $52,700,000.00 | Biotech |
Thumzup Media | $46,500,000.00 | Media |
aTyr Pharma | $30,700,000.00 | Biotech |
Kovo HealthTech | $30,057,623.00 | AI |
Apple iSports | $25,000,000.00 | AI |
Fractyl Health | $23,000,000.00 | Biotech |
Ocugen | $20,000,000.00 | Biotech |
Belite Bio | $15,000,000.00 | Biotech |
Dynamic Aerospace Systems | $15,000,000.00 | Aerospace |
BioVie | $12,000,000.00 | Biotech |
Digital Brands Group | $11,225,000.00 | Fashion |
Guanajuato Silver Company | $10,915,839.00 | Mining |
Artelo Biosciences | $9,475,000.00 | Biotech |
CISO Global | $9,000,000.00 | Security |
Stallion Uranium | $8,703,978.00 | Mining |
Suburban Propane | $8,100,000.00 | Energy |
Horizon Petroleum | $7,500,000.00 | Mining |
Pacifica Silver | $7,273,008.00 | Mining |
Greenhawk Resources | $7,253,315.00 | Mining |
Intensity Therapeutics | $6,600,000.00 | Biotech |
Dryden Gold | $5,690,878.00 | Mining |
Longeveron | $5,000,000.00 | Biotech |
Coeptis Therapeutics | $4,000,000.00 | Biotech |
Spanish Mountain Gold | $3,636,504.00 | Mining |
EverGen Infrastructure | $3,610,500.00 | Energy |
Volatus Aerospace | $3,046,392.00 | Aerospace |
Mainz Biomed | $3,000,000.00 | Biotech |
Infini Resources | $3,000,000.00 | Mining |
AB Science | $2,953,946.00 | Biotech |
ParaZero - Drone Safety Systems | $2,200,000.00 | Aerospace |
Miata Metals Corp | $2,181,902.00 | Mining |
Hampton Financial Corporation | $1,818,252.00 | Financial Services |
Devonian Health Group | $1,672,792.00 | Biotech |
CoTec | $1,450,663.00 | |
Helium One Global | $1,330,668.00 | Oil & Gas |
HeraMED | $1,283,834.00 | Biotech |
VolitionRx | $1,200,000.00 | Biotech |
Perpetual Resources | $1,033,616.00 | Mining |
Cycurion | $1,000,000.00 | Software |
iQSTEL | $1,000,000.00 | Crypto |
Japan Gold | $1,000,000.00 | Mining |
Lead Investors
Dynamic Aerospace Systems: $15,000,000 | Aerospace | Lead Investor: Platinum Point Capital
Apple iSports: $25,000,000 | AI | Lead Investor: LDA Capital
Shattuck Labs: $103,000,000 | Biotech | Lead Investor: OrbiMed
aTyr Pharma: $30,700,000 | Biotech | Lead Investor: Jefferies Financial Group
Ocugen: $20,000,000 | Biotech | Lead Investor: Janus Henderson Investors
VERB Technology Company: $558,000,000 | Crypto | Lead Investor: Kingsway Capital
iQSTEL: $1,000,000 | Crypto | Lead Investor: Cycurion
Japan Gold: $1,000,000 | Mining | Lead Investor: Equinox Partners
Cycurion: $1,000,000 | Software | Lead Investor: iQSTEL
CoTec: $1,450,663 | Crypto | Lead Investor: Kings Chapel International
Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]
Forwarded this newsletter? → Get access to exclusive insights and join a prestigious community of top professionals in the finance industry. Subscribe now to receive a weekly snapshot of valuable fundraising data directly in your inbox.
Funding Secured 101: Our weekly newsletter with over 10,000+ subscribers keeps investors informed about where capital is flowing across industries, while founders and businesses gain valuable intelligence on competitor funding and the strategic investors who fund them.
Our subscribers are from…
