– One More Game, a Seattle-based game studio, raised $22 million in Series A funding led by Lightspeed Venture Partners and was joined by investors including Griffin Gaming Partners Andreessen Horowitz, Animal Capital, Cleo Capital, and others. – A SHOC Energy, a Newport Beach, Calif.-based energy drink company, raised $29 million in Series B funding from investors including Keurig Dr Pepper, 7-Ventures, professional baseball player Aaron Judge, retired football player Michael Strahan, professional golfer Lexi Thompson, and other angels. – Air Company, a New York-based carbon-negative alcohols and consumer products creator, raised $30 million in Series A funding led by Carbon Direct Capital Management and was joined by investors including Toyota Ventures, JetBlue Technology Ventures, and Parley for the Oceans. – Demostack, a San Francisco and Tel Aviv-based demo experience platform for SaaS sales teams, raised $34 million in Series B funding led by Tiger Global Management and was joined by investors including Bessemer Venture Partners, Amiti Ventures, GTMfund, Operator Collective, and StepStone. – GRUBBRR, a Boca Raton, Fla.-based self-ordering systems and kiosk software provider, raised $35 million in funding from Aon. ![]() – Unlearn.ai, a San Francisco-based machine-learning platform developer creating digital twins of patients in clinical trials, raised $50 million in Series B funding led by Insight Partners and was joined by investors including Radical Ventures, 8VC, DCVC, DCVC Bio, and Mubadala Capital Ventures. – HomeTown Ticketing, a Columbus, Ohio-based digital ticketing and event software for schools, districts, conferences, and associations, raised $75 million in funding from Nexa Equity. – SEON, a London-based online fraud detection and prevention company, raised $94 million in Series B funding led by IVP and was joined by investors including Creandum, PortfoLion, and other angels. – Fortress Information Security, an Orlando, Fla.-based supply chain cybersecurity provider, raised $125 million in funding from funds managed by the private equity business within Goldman Sachs Asset Management. Pantera and Steadview led the round and were joined by investors including Kingsway, DraperDragon, Republic, Kindred, B Capital Group, Coinbase, Polychain, and Cadenza. – CoinDCX, a Mumbai-based cryptocurrency exchange, raised more than $135 million in Series D funding. (Aman and Fortune lists editor Scott DeCarlo developed the Modern Board ranking in collaboration with the corporate-governance software company Diligent you can read more about our methodology here.) And so does independence: Your business-school buddies and retirees from your own C-suite may be amazing people, the thinking goes, but they won’t have the objectivity to give you the best advice. Diversity matters, in the broadest sense-of gender and nationality, as well as of age and professional expertise. The boards that score highest are the ones that bring a wider range of voices into those conversations. “Boards are taking on a more active role in corporate affairs,” Aman notes, “weighing in more often on matters like succession, diversity, recruiting, and environmental impact.” As my colleague Aman Kidwai writes in an essay accompanying the list, directors (and the leaders they advise) are being asked to take on more issues and represent more stakeholders than ever before. The guiding principle behind the Fortune Modern Board 25 is a simple one: It matters who’s in the room. ![]() ![]() This week, Fortune is recognizing these best supporting actors and actresses in the corporate drama with a new list: The Fortune Modern Board 25, a ranking of the S&P 500 companies with the most innovative boards of directors.
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