Last Week's Top Funding Rounds

The Recap

The best information on capital raises and financing activity in under 5 minutes.

• Trump Media, the creator of Truth Social and primarily owned by former President Donald Trump, announced that it has raised over $105 million through the cash exercise of warrants.

• Stellantis Injects an Extra $55 Million into Archer After Recent Flight Test Success

• Cartesian Therapeutics Announces $130 Million Private Placement Equity Financing

Weekly Money Moves

According to the company, Trump Media had over $350 million in cash and zero debt on its balance sheet as of July 1. Truth Social is a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.

Archer is a leader in electric vertical takeoff and landing (eVTOL) aircraft and one of the most interesting companies the team at Funding Secured has covered. The California based company was founded in 2018 and was listed on the New York Stock Exchange in 2021. Additionally the company is in the final stages of certification with the FAA. This begs the question, will this type of travel become the norm in the next 5 years?

Cartesian Therapeutics is a biotech company working on mRNA cell therapy for autoimmune diseases has announced a new investment deal. They're raising around $130 million through a special type of private investment in public equity (PIPE) financing. Both new and existing investors are participating, including HBM Healthcare Investments, Invus, Schooner Capital, Surveyor Capital (part of Citadel), Timothy A. Springer, a top mutual fund manager, and other institutional investors

Weekly Money Moves

With July 4th celebrations in full swing last week, we witnessed fewer financings than usual. We expect this to pick up and return to normal market activity ahead of next week’s update.

Lead Investors

• Archer: Stellantis, Money Raised: $55,000,000

• Eliem Therapeutics: RA Capital Management, Money Raised: $50,000,000

• BlackBoxStocks: Quadrofoglio, Money Raised: $1,250,000

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]