Triangle coffers didn’t take a break for the Christmas holiday.
A slew of Triangle growth-stage companies and investment funds raised rounds in the days leading up to Christmas, securities filings show – from a new Raleigh investment fund out of Kineticos Life Sciences targeting $100 million to SmartSky Networks, a Morrisville aviation technology firm keeping flyers connected in the skies.
Funds raising capital
Called “Kineticos Disruptor Fund II,” Kineticos’ new funding vehicle was disclosed Dec. 20 and has already accumulated $55.2 million from 17 investors.
Little information was available and the firm declined to comment, but in an announcement about the new Kineticos Disruptor Fund published in 2020, the firm said to expect investments in areas such as gene editing and immune-oncology.
And it wasn’t alone. Another funding vehicle, this one from TrueBridge Capital Partners, launched a $225 million fund. The fund has yet to sell, but if it’s like prior vehicles by TrueBridge, it could target next-generation, growth-stage technology companies in the U.S.
Firms raising capital
In Morrisville, SmartSky added more than $68.8 million to an existing round for a total cash haul of $88.8 million from three investors. SmartSky has developed what it describes as a “next-generation air-to-ground network” that helps both cabin and crew stay connected in flight.
Other firms raising capital the week of Christmas include:
- Spencer Health Solutions: $15 million. The firm describes itself as “the world’s first at-home medication smart hub.”
- LoanWell: $3 million. The loan management system targets community lenders.
- Quinsite LLC: $100,000. The firm is developing a comprehensive health care analytics platform.