In March 2025, Growthink Capital Research reported new venture funding of $7.34 billion compared to the $7.59 billion recorded in February.
The month’s biggest funding event belonged to Fleetio ($450 million) a fleet management software designed to help users track, analyze, and improve their fleet operations, enabling organizations to increase efficiency by automating tasks and controlling the chaos of fleet management.
Twenty-one companies raised over $100 million in March. Other than Fleetio, the other twenty companies that raised the most are as follows:
- Mercury ($300 million) a financial technology company intended to serve as a banking stack for startups, enabling clients to have a practical financial stack, real-time information on business finances, and tools to improve operational efficiency.
- Flock Safety ($275 million) a camera technology designed to capture images to eliminate crime while protecting privacy, enabling residents to assist police in solving crimes by forwarding them data and keeping their neighborhood safe.
- Island ($250 million) an enterprise browser designed to allow work to flow freely while remaining fundamentally secure, enabling businesses to minimize their cyber footprint and create a safe space for work to flow.
- Celestial AI ($250 million) a data center and artificial intelligence (AI) computing platform designed to serve deep learning and machine learning applications, enabling clients to deliver AI acceleration hardware and software alternatives.
- Epirus ($250 million) a software-defined high-power microwave technology designed to counter unmanned aircraft systems for national security, enabling defense organizations to stun drones with a hard reset or knock swarms out of the sky.
- Shield AI ($240 million) a defense technology company intended to bring battlefield and aviation autonomy similar to how self-driving technologies are transforming highways and enabling aircraft teams to perform missions ranging from room clearance to penetrating air defense systems and dog fighting.
- Flex ($225 million) a financial platform intended to unify business and personal finances for entrepreneurs, enabling entrepreneurs to gain seamless control over both business and personal financial transactions, improving efficiency and access to financial resources.
- Lila Sciences ($200 million) an advanced AI platform designed to accelerate scientific discovery, enabling clients unprecedented capabilities for rapid innovation and problem-solving.
- Duetti ($200 million) a music licensing platform intended to provide empowering financial prospects, helping artists with finances to pursue their professional or personal aspirations.
- Latigo Biotherapeutics ($150 million) a biotechnology company intended to develop novel and non-opioid therapies for chronic pain, enabling patients to get access to a pain management therapy that does not create addiction, dependence, or tolerability.
- Temporal Technologies ($146 million) an open-source microservices orchestration platform designed to build and operate resilient applications at scale, enabling developers to write and operate reliable applications on top of scalable microservice architectures.
- Aura ($140 million) a digital security software designed to make security simple for everyone, enabling users to manage their cybersecurity needs with ease and maximum effectiveness.
- Terabase Energy ($130 million) a digital and automation solution intended for the construction and operation of large-scale solar power plants, enabling solar developers and engineering, procurement, and construction (EPC) firms to optimize project planning, streamline deployment, enhance site efficiency, improve cost management, and scale up solar installations with greater speed and precision.
- Odeko ($126 million) an ordering and supply chain management software designed to assist cafes in reducing waste and increasing sales, enabling businesses to automate operations and increase their productivity.
- Supira Medical ($120 million) a percutaneous ventricular assist device designed to treat high-risk coronary intervention and cardiogenic shock, enabling patients to recover from heart problems.
- Cybereason ($120 million) an endpoint detection and cybersecurity platform designed to protect companies from advanced cyber attacks, enabling enterprises to identify the root cause and scope of cyberattacks with minimal manual effort.
- Turing ($111 million) a talent platform intended to deploy the acquisition of engineers, enabling clients with problem-solving, and coding capabilities to stay at the forefront of innovation.
- Nexthop AI ($110 million) an artificial intelligence infrastructure designed to build custom networking systems, enabling clients to develop networking hardware and software.
- Also ($105 million) an integrated technology platform intended to meet the global mobility transportation challenges, enabling people to ease rides as compared to traditional transportation options.
- LXE Hearing ($100 million) a hearing device designed to amplify the frequencies of users who have trouble hearing, thereby being a consumer-centric approach to enhancing the quality of life of people with hearing loss.
Growthink Capital New Mandates
We are working with a Family Office’s minority growth investment arm that invests in hard tech and manufacturing across all verticals, targeting tech-driven growth-stage manufacturing companies. Key investment criteria include:
- Differentiation: innovative manufacturing businesses with strong technological differentiation
- Revenue: $5M+
- Profitability: EBITDA-positive or within 18 months of profitability
- Equity Check Size: $5M – $50M in Series A to Series D rounds
If you’re interested in exploring this investment opportunity, please call us at (213) 927-3968, or learn more about our services on our website.
The hottest sectors for funding during the month were A.I./Machine Learning, Biotech, Cybersecurity, Climate Tech, and Healthtech.
Key funding events in each of these sectors for the month are below:
- A.I./Machine Learning deals included Celestial AI ($250 million), Lila Sciences ($200 million), Nexthop AI ($110 million), Carbon Arc ($56 million), Norm AI ($48 million), Bria ($40 million), Auxia ($23.5 million), LlamaIndex ($19 million), Gradial ($13 million), Arcade.dev ($12 million), Knostic Labs ($11 million), Alceberg ($10 million), Tera AI ($7.8 million), and Faireez ($7.5 million).
- Biotech deals included Latigo Biotherapeutics ($150 million), Newleos Therapeutics ($94 million), Character Biosciences ($93 million), Arbor Biotechnologies ($74 million), Epicrispr Biotechnologies ($68 million), Hillstar Bio ($67 million), Ampersand Biomedicines ($65 million), Wheeler Bio ($35 million), Vivace Therapeutics ($35 million), Telesis Bio ($21 million), Lomond Therapeutics ($20 million), Montara Therapeutics ($20 million), and Hubble Therapeutics ($7.3 million).
- Cybersecurity deals included Aura ($140 million), Cybereason ($120 million), Pentera ($60 million), 360 Privacy ($36 million), Straiker ($21 million), GetReal ($17.5 million), Vulncheck ($12 million), Charm Security ($8 million), SplxAI ($7 million), and Darwin ($5 million).
- Climate Tech deals included GridPoint ($45 million), Spiritus ($30 million), Capture6 ($27.5 million), Persefoni AI ($23 million), 257 ($9.2 million), Mote ($7 million), and Causal Labs ($6 million).
- Healthtech deals included Navina ($55 million), Proscia ($50 million), Freed ($30 million), Motivity ($27 million), Lumata Health ($23 million), and Silna Health ($7 million).
If you’re looking for outside funding to grow your company, please don’t hesitate to call us at (213) 927-3968 or fill out Growthink Capital’s contact form here.