This funding represents the company’s first debt and security raise. Since the company’s first raise in 2015, all funding to date has been equity only, totaling more than $86 million, according to SEC filings.

Precision Fermentation last raised $2 million from two investors in March of this year, and were awarded two patents in June. Now it has more cash.

Started in 2018, Phinite is a North Carolina-based company aiming to reuse phosphorus from manure. And it’s ramping up fundraising efforts.

The recent funding for the new venture includes 55 investors according to the SEC filing, each contributing a minimum of $100,000 toward the $15.5 million raised so far.

“The ’24 vintage for venture capital is likely to be one of the best vintages in the past three or four decades,” says Mark Yusko of Morgan Creek Capital.

The “Intelligent Trials” technology focuses on the feasibility of studies, and providing diversity data to aid companies in meeting representative enrollment targets.

Phononic and partner VIDIR team for “BOPOS”, or “Buy Online Pick-up On-Site” fulfillment solution is the first of its kind and has the potential to change the way stores deliver online orders.