Funding Roundup: Yassir, EdgeDB, WorkTorch, AutoLeadStar, Courtyard, Volocopter, Flowers Software, And More

By Amit Chowdhry • Updated November 16, 2022
  • This is the latest Pulse 2.0 funding roundup.

This is the latest Pulse 2.0 funding roundup.

Company name: Yassir

Funding amount: $150 million

Funding round: Series B

Total funding raised: $193.25 million

Investors: Led by BOND with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (aka Spike Ventures), and Y Combinator, among other strategic investors.

What Yassir does: Yassir is a multi-sided marketplace offering on-demand services like ride-hailing, food, and grocery delivery, banking, etc.

Announcement date: November 7


Company name: EdgeDB

Funding amount: $15 million

Funding round: Series A

Investors: Led by Nava Ventures and Accel with participation by Vercel, Firebase, GitHub, IBM, OpenAI, ICONIQ Capital, and Netlify.

What EdgeDB does: EdgeDB is a developer of the first open source, graph-relational database. The company has seen rapid adoption of its database with 20,000+ monthly active users and 9.5 thousand stars on GitHub.

Announcement date: November 7


Company name: WorkTorch

Funding amount: $2.2 million

Funding round: Seed

Total funding raised: Over $4 million

Investors: Led by Tenzing Capital. This funding round includes participation from existing investors MATH Venture Partners, Sandalphon Capital, KCRise Fund, Sixty8 Capital, Ruthless for Good Fund (RFG Fund), Revolution’s Rise of the Rest Seed Fund, and angel investor Gene Camarena, with new investments from Bloomberg Beta, Graham & Walker Venture Fund, GROWKS, New Community Transformation Fund – Denver, Mid America Angels and Women’s Capital Connection Network, and angel investor Jennifer Risher.

What WorkTorch does: WorkTorch is a service industry career platform with a roster of over 40,000 service industry applicants  actively looking for jobs.

Announcement date: November 7


Company name: AutoLeadStar

Funding amount: $40 million

Funding round: Growth round of funding

Investors: Led by Riverwood Capital with the participation of existing investors. In this new financing round, Riverwood Capital joins existing investors including PICO Venture Partners, Target Global, and Aleph.

What AutoLeadStar does: A digital customer data and experience platform for the automotive industry that transforms the way cars are sold. The company’s software is used by nearly 1,000 dealerships across North America to intelligently automate once siloed, outdated, and manual systems.

Announcement date: November 7


Company name: Courtyard

Funding amount: $7 million

Funding round: Seed

Investors: New Enterprise Associates (NEA) with participation from Y Combinator, OpenSea Ventures, VaynerFund, Brink’s, Cherry Ventures, and a select group of angel investors.

What Courtyard does: Courtyard has built cutting-edge blockchain infrastructure that allows physical collectibles to be owned and traded as non-fungible tokens (NFTs) for greater liquidity.

Announcement date: November 2


Company name: Volocopter

Funding amount: $182 million

Funding round: Series E

Investors: NEOM and GLy Capital Management

What Volocopter does: Volocopter is developing the world’s first sustainable and scalable urban air mobility business to bring affordable air taxi services for goods and people to megacities worldwide.

Announcement date: November 2


Company name: Flowers Software

Funding amount: $3.2 million

Funding round: Seed

Investors: Led by La Famiglia VC with participation from LEA Partners, Collective Ventures, and angel investors including Personio’s Co-Founder Ignaz Forstmeier, SAP Hybris’ Founder Carsten Thoma, SevDesk Founders Fabian Silberer & Marco Reinbold, and Gonzalo Manrique.

What Flowers Software does: Flowers Software is an organizational management system that helps companies improve their processes and productivity.

Announcement date: November 2


Company name: Kosli

Funding amount: $3.1 million

Funding round: Seed

Investors: Led by Heavybit with participation from Fortino Capital and Monochrome Capital with pre-seed backer Skyfall Ventures as follow-on investors.

What Kosli does: Kosli is a compliance automation platform for regulated software teams in sectors like finance.

Announcement date: November 2


Company name: Aerwave

Funding amount: $20 million

Funding round: Series A

Investors: Led by Moderne Ventures with participation by World Cinema, Equity Residential, RWT Horizons, and Westover Companies.

What Aerwave does: Aerwave is a next-generation connectivity platform leading the “Digital Foundation” transformation in multifamily residential buildings across the United States.

Announcement date: November 2


Company name: Way

Funding amount: $20 million

Funding round: Series A

Investors: Led by Tiger Global with participation from a broad range of hotel executives and ownership groups, including MSD Capital

What Way does: Way is a company that offers a centralized software platform to manage the brand activations that make guest experiences incredible.

Announcement date: November 1


Company name: Roots Automation

Funding amount: $10 million

Funding round: Series A

Investors: MissionOG led the round, supported by Liberty Mutual Strategic Ventures, Vestigo Ventures, and CRV

What Roots Automation does: Roots Automation combines machine intelligence and human ingenuity to create intelligent “Digital Coworkers,” providing organizations with AI-powered, digitized employees that can think, read, and intuit like people.

Announcement date: November 1


Company name: Galen Robotics

Funding amount: $15 million

Funding round: Oversubscribed Series A round

What Galen Robotics does: Galen Robotics is the pioneer of Digital-Surgery-as-a-Service (DSaaS) and will provide advanced surgical assistance in performing delicate or intricate procedures by combining the power of a new microsurgery platform with big data analytics.

Announcement date: November 1


Company name: ColdQuanta

Funding amount: $110 million

Funding round: Series B

Investors: Led by LCP Quantum, investors included In-Q-Tel, Sumitomo Corporation of Americas, Breakthrough Victoria, BOKA Group Holdings I LP, and more. And there was strong participation from existing investors, including Foundry Group, Global Frontier Investments, and Maverick Ventures.

What ColdQuanta does: ColdQuanta is a global quantum technology company solving the world’s most challenging problems. And the company harnesses quantum mechanics to build and integrate quantum computers, software, sensors, and networks.

Announcement date: November 1


Company name: Qwick

Funding amount: $40 million

Funding round: Series B

Investors: Led by Tritium Partners, with participation by current investors Album VC, Kickstart, Desert Angels, and Revolution’s Rise of the Rest Seed Fund.

What Qwick does: Qwick is a leading staffing-as-a-service platform that connects service industry professionals directly with food and beverage shifts in real-time, provides them with the freedom and flexibility to work on their own schedules, and enables them to get paid in as little as 30 minutes after their shift.

Announcement date: November 1


Company name: Zest AI

Funding amount: Over $50 million

Funding round: Growth round

Investors: Co-led by existing global software investor Insight Partners and new investor CMFG Ventures, with participation from CU Direct, Curql, Suncoast Credit Union, Golden1 Credit Union, Hawaii USA Federal Credit Union, and NorthGate Capital.

What Zest AI does: Zest AI is a leader in automating underwriting with more accurate and inclusive lending insights powered by AI

Announcement date: November 2


Company name: Galileo

Funding amount: $18 million

Funding round: Series A

Total funding raised: $23.1 million

Investors: Led by Battery with participation from previous investor The Factory and new investors Walden Catalyst and FPV Ventures and Anthony Goldbloom, Pegah Ebrahimi (former COO at Morgan Stanley) and Wesley Chan (former general partner at Google Ventures).

What Galileo does: Led by Battery Ventures with participation from The Factory, Walden Catalyst, FPV Ventures, Kaggle co-founder Anthony Goldbloom and other angel investors

Announcement date: November 2


Company name: Orum

Funding amount: $22 million

Funding round: Series B

Investors: Led by Tribe Capital with additional investment from Craft Ventures and Unusual Ventures

Total funding raised: Over $50 million

What Orum does: Orum is a company that uses AI to accelerate the manual process of calling.

Announcement date: November 2


Company name: Apiiro

Funding amount: $100 million

Funding round: Series B

Total funding raised: $135 million

Investors: Led by General Catalyst with participation by Greylock and Kleiner Perkins.

What Apiiro does: Apiiro helps security and development teams proactively fix risks before releasing them to the cloud.

Announcement date: November 3


Company name: Grip

Funding amount: $2 million

Funding round: Pre-seed round

Investors: Soma Capital, Western Technology Investment (WTI), and top industry players with 100+ years of industry experience.

What Grip does: Grip is a smart logistics engine that reduces failed deliveries and shipping costs and increases customer lifetime value for perishable eCommerce companies

Announcement date: November 3


Company name: Roam

Funding amount: $30 million

Funding round: Series A

Investors: Led by IVP with participation from undisclosed angel investors

What Roam does: Roam is an all-in-one Cloud HQ, designed to bring your whole company together in one headquarters.

Announcement date: November 2


Company name: MedCrypt

Funding amount: $25 million

Total funding raised: $34.4 million

Funding round: Series B

Investors: Strategic investments by Intuitive Ventures, Johnson & Johnson Innovation – JJDC, Inc. (JJDC), and participation by institutional investors Section 32, Eniac Ventures, Anzu Partners, and Dolby Family Ventures.

What MedCrypt does: A proactive cybersecurity solution provider for medical devices

Announcement date: November 1


Company name: Retirable

Funding amount: $6 million

Funding round: Seed

Total funding raised: $10.7 million

Investors: Led by Primary with additional investments from Vestigo Ventures, Diagram, Portage and Primetime.

What Retirable does: Retirable is the first-of-its-kind holistic retirement solution with the ongoing care of an advisor, offers products and services across the retirement investing, planning and spending spectrum.

Announcement date: November 1


Company name: Fringe

Funding amount: $17 million

Funding round: Series A

Total funding raised: $21 million

Investors: Led by Origin Ventures and Felton Group

What Fringe does: An HR tech startup enabling companies to offer customizable perks and benefits to employees

Announcement date: November 1


Company name: TouchBistro

Funding amount: CAD$150 million

Funding round: Growth financing

Investors: Francisco Partners

What TouchBistro does: TouchBistro is a restaurant management system that makes running a restaurant easier, providing comprehensive services, including POS and customer engagement solutions on a single platform.

Announcement date: November 1


Company name: Decentro

Funding amount: $4.7 million

Funding round: Series A

Investors: Led by Rapyd Ventures, Leonis VC, and Uncorrelated Ventures along with Indian angel investors, including Kunal Shah, Lalit Keshre, Beerud Sheth, and Pratekk Agarwaal also participated in the round.

What Decentro does: Decentro is a banking and payments API infrastructure company

Announcement date: November 1


Company name: Yes Hearing

Funding amount: $10 million

Funding round: Series A

Investors: Led by Blue Heron Capital with participation from Primetime Partners, Ensemble Innovation Ventures, Maccabee Ventures & Gaingels.

What Yes Hearing does: The leading provider of affordable, accessible, and convenient hearing technology and audiology care

Announcement date: November 4


Company name: Alation

Funding amount: $123 million

Funding round: Series E

Total funding raised: $340 million

Valuation: Over $1.7 billion

Investors: Led by Thoma Bravo, Sanabil Investments, and Costanoa Ventures, with participation from new investor, Databricks Ventures. Existing and other investors that also participated include Dell Technologies Capital, Hewlett Packard Enterprise (HPE), Icon Ventures, Queensland Investment Corporation, Riverwood Capital, Salesforce Ventures, Sapphire Ventures, and Union Grove.

What Alation does: Alation is a leader in enterprise data intelligence solutions, including data search & discovery, data governance, data stewardship, analytics, and digital transformation.

Announcement date: November 2


Company name: Logiwa

Funding amount: $10 million, receiving over $26.4 million for the round

Funding round: Series B

Investors: Led by Prologis Ventures and BAM Elevate

What Logiwa does: Leading cloud fulfillment platform for high-volume direct-to-consumer (DTC) and omnichannel businesses

Announcement date: November 3


Company name: Audette

Funding amount: $9.5 million

Funding round: Seed

Investors: Led by Buoyant Ventures with participation from Energy Impact Partners, Active Impact Investments, Johnson Controls, Osgoode Properties, Powerhouse Ventures, Turnham-Green Capital, and Undivided Ventures

What Audette does: Audette is a proptech company creating actionable data-driven decarbonization plans for commercial real-estate portfolios

Announcement date: November 3


Company name: Guaranteed

Funding amount: $6.5 million

Funding round: Seed

Investors: Led by BrandProject with participation from Precursor Ventures, Springbank Ventures, Lakehouse Ventures, and Cake Ventures

What Guaranteed does: A company providing modern, end-of-life care designed with the patient and caregiver in mind

Announcement date: November 3


Company name: The Mobility House

Funding amount: $50 million

Funding round: Series C

Investors: Led by Mercuria and co-led by Ventura Capital and Green Gateway Fund. Further strategic investors of the company include Mercedes-Benz, Alliance Venture, Mitsui and SP Group.

What The Mobility House does: The Mobility House’s mission is to create an emissions-free energy and mobility future. And since 2009, the company has developed an expansive partner ecosystem to intelligently integrate electric vehicles into the power grid, including electric vehicle charger manufacturers, 1,000+ installation partners, 80+ energy suppliers, and automotive manufacturers ranging from Audi to Tesla.

Announcement date: November 3


Company name: AI Proteins

Funding amount: $18.2 million

Funding round: Oversubscribed seed

Investors: Co-led by Cobro Ventures and Lightchain Capital

What AI Proteins does: AI Proteins is a biotechnology company using artificial intelligence to design synthetic proteins de novo

Announcement date: November 3


Company name: Runwise

Funding amount: $19 million

Funding round: Series A

Investors: Led by Fifth Wall with participation from several large real estate owners including Rudin Management, SOJA Ventures (The Swig Family / Halstead / Brown Harris Stevens), and The Strykers of Friedman Management and MCJ Collective, Derive Ventures, Helium-3, Silence VC, The Cannon Project as well as Waterman Ventures. Existing investors include Initialized Capital, Notation Capital, Susa Ventures and NextView Ventures.

Total funding raised: $24 million

What Runwise does: Runwise (formerly known as Heat Watch) is a leading building control company. And Runwise’s mission is to enable buildings to run more efficiently using intelligent and easy-to-install wireless hardware and software.

Announcement date: November 3


Company name: Gitpod

Funding amount: $25 million

Funding round: Series A

Investors: Tom Preston-Werner, founder and former CO at EGitHub, leads the round making this his largest investment in a private company. All existing investors including General Catalyst, Crane Venture Partners, Vertex Ventures US and Speedinvest are participating.

What Gitpod does: Gitpod is an open source development platform for teams to efficiently and securely develop software together

Announcement date: November 3


Company name: Boston Materials

Funding amount: $12 million

Funding round: Series A2 round

Investors: Led by Good Growth Capital and the round also includes new strategic investors GS Group and PTT Global Chemical

What Boston Materials does: Boston Materials is a high-performance materials company enabling manufacturers of industrial and consumer products to break through their design trade-offs with new materials.

Announcement date: November 3


Company name: ORO

Funding amount: $25 million

Funding round: Series A

Investors: Co-led by Norwest Venture Partners and B Capital, with participation from XYZ Venture Capital and additional funding from Array Ventures and other investors.

What ORO does: A modern enterprise software platform that helps orchestrate end-to-end procurement across teams

Announcement date: November 3


Company name: WalletConnect

Funding amount: $12.5 million

Funding round: Ecosystem round

Investors: Participation from Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Square Ventures, 1kx, HashKey, Foresight Ventures, and others

What WalletConnect does: WalletConnect is a web3 communications protocol company with a suite of APIs has been integrated by over 210 wallets and 450 apps to realize interoperability across blockchains, bridging users with web3’s fast-emerging products and experiences. Partner wallets and apps include Coinbase, MetaMask, Uniswap, OpenSea, Twitter, Stripe, and Plaid

Announcement date: November 3


Company name: Aro Homes

Funding amount: $21 million

Funding round: Series A

Investors: Innovation Endeavors with participation from Western Technology Investment and Stanford University

What Aro Homes does: A tech-enabled homebuilding startup that designs and builds carbon-negative, precision-engineered, and user experience-optimized homes faster and more cost-effectively than traditional homes

Announcement date: November 3


Company name: Early is Good (EIG)

Funding amount: $4 million

Funding round: Seed

Investors: Social Capital

What Early is Good (EIG) does: Early is Good is a diagnostic solutions company focused on renal disease. EIG’s first product BCDx is a lab-developed test (LDT) for early bladder cancer detection. And the BCDx test uses advanced nanotechnology to quantify a panel of biomarkers found in a patient’s urine to diagnose bladder cancer and the stage of the disease.

Announcement date: November 2


Company name: modl.ai

Funding amount: €8.5 million

Funding round: Series A

Investors: Lead investor Griffin Gaming Partners and M12 (Microsoft’s Venture Fund) with additional participation from Rendered.vc, PreSeed Ventures, and Transistormedia.

What modl.ai does: modl.ai is a company that is transforming the game development market with its state-of-the-art AI Engine and machine learning models

Announcement date: November 2


Company name: InterPrice Technologies

Funding amount: $7.3 million

Funding round: Series A

Investors: Co-led by Nasdaq Ventures and DRW Venture Capital, with participation from existing investors including Bowery Capital.

What InterPrice Technologies does: The company is the first-to-market, secure and user-friendly platform that provides its users – corporate issuers and financial institutions – with transparency into financing costs. And the InterPrice platform automates the archaic process of new issue pricing indications that treasury teams currently receive from multiple financing partners.

Announcement date: November 2


Company name: Carta Healthcare

Funding amount: $20 million

Funding round: Series B

Investors: Investors include Paramark Ventures, Frist Cressey Ventures, American College of Cardiology, Asset Management Ventures, CU Healthcare Innovation Fund, Mass General Brigham, Maverick Ventures Investment Fund, and Storm Ventures

What Carta Healthcare does: Carta Healthcare’s mission is to improve patient care by harnessing the value of clinical data. And through its combination of industry-leading, AI-driven technology, and multidisciplinary team of experts, Carta Healthcare has transformed the traditional clinical data abstraction process.

Announcement date: November 2


Company name: AMP Robotics

Funding amount: $91 million

Funding round: Corporate equity in a Series C financing

Investors: Led by Congruent Ventures and Wellington Management as well as new and existing investors including Blue Earth Capital, Sidewalk Infrastructure Partners (SIP), Tao Capital Partners, XN, Sequoia Capital, GV, Range Ventures, and Valor Equity Partners

What AMP Robotics does: A pioneer in artificial intelligence (AI), robotics, and infrastructure for the waste and recycling industry

Announcement date: November 2


Company name: Concerto Biosciences

Funding amount: $23 million

Funding round: Series A

Investors: Led by Safar Partners and joined by Horizons Ventures and M Ventures (the corporate venture capital arm of Merck KGaA, Darmstadt, Germany), among others.

What Concerto Biosciences does: Concerto Biosciences rebuilds microbial communities in, on, and around us to heal our bodies and our planet.

Announcement date: November 2


Company name: AiDash

Funding amount: $10 million

Funding round: Strategic investment (convertible note)

Total funding raised: $43 million

Investors: SE Ventures (a Silicon Valley-based global venture fund backed by Schneider Electric)

What AiDash does: AiDash is an AI-first vertical SaaS company on a mission to transform operations, maintenance, and sustainability in industries with geographically distributed assets by using satellites and AI at scale.

Announcement date: November 2


Company name: Binary Defense Systems

Funding amount: $36 million

Funding round: First institutional growth equity funding round

Investors: Led by Invictus Growth Partners

What Binary Defense Systems does: Binary Defense is a managed detection and response provider and software developer with a Managed Open XDR model covering endpoint, network, cloud, and other log sources to supply high-fidelity threat detections.

Announcement date: November 2


Company name: Alterome Therapeutics

Funding amount: Over $35 million

Funding round: Series A

Total funding raised: Nearly $100 million

Investors: Colt Ventures and OrbiMed co-led the round, with participation from all Series A investors including Nextech Invest, Vida Ventures, and Boxer Capital.

What Binary Defense Systems does: Binary

Announcement date: November 2


Company name: Lusaris Therapeutics

Funding amount: $60 million

Funding round: Series A

Investors: RA Capital Management incubated Lusaris and led the Series A round with participation from leading healthcare investors including Venrock Healthcare Capital Partners, Deep Track Capital, Boxer Capital, and an additional undisclosed investor.

What Lusaris Therapeutics does: A biotechnology company advancing next-generation serotonergic neuroplastogen therapeutics to treat severe neuropsychiatric and neurological conditions

Announcement date: November 2


Company name: Boomerang Medical

Funding amount: $15 million

Funding round: Series A

Total funding raised: $18 million

Investors: Led by existing investor Arboretum Ventures and new investor Hatteras Venture Partners.

What Boomerang Medical does: Boomerang is developing a technology to advance the treatment of autoimmune diseases by harnessing the body’s own peripheral wiring in order to manage inflammation and immune response.

Announcement date: November 1


Company name: AMP

Funding amount: $17.25 million

Funding round: Series A

Investors: Ecosystem Integrity Fund (EIF) and Helios Climate Ventures

What AMP does: AMP is a global leader in energy management solutions for e-mobility. And AMP continues to push mobility further from intelligent battery management platforms to robust fast-charging systems and complete cloud solutions for e-mobility.

Announcement date: November 1


Company name: Tour24

Funding amount: $5.5 million

Funding round: Series A

Investors: The extension includes funding from 29th Street Ventures as well as investors that also participated in an initial $5.6 million investment earlier this year, including Middleburg Communities and Miami-based LAB Ventures.

What Tour24 does: Tour24 is the award-winning platform that partners with multifamily operators to offer self-guided tours. And by focusing on easy access, custom interactive and audio/visual tour experience and seamless integration with existing tech stacks, Tour24 is the most comprehensive solution on the market.

Announcement date: November 1


Company name: Travtus

Funding amount: $4 million

Funding round: Seed

Investors: Led by RET Ventures, an industry-backed venture fund focused on single and multi-family real estate technology.

What Travtus does: A leading AI technology company focused on multifamily operations

Announcement date: November 1


Company name: Notebook Labs

Funding amount: $3.3 million

Funding round: Seed

Investors: The round was led by Bain Capital Crypto, with participation from Y Combinator, Soma Capital, Abstract Ventures, Pioneer Fund, NFX, Very Serious Ventures Partner Chase Adams, Algofi Co-Founder Owen Colegrove, and Landeed Founder and CEO Sanjay Mandava.

What Notebook Labs does: A zero-knowledge identity infrastructure layer that enables Web3 protocols to create Sybil-resistant log-ins and users to enjoy anonymity and privacy

Announcement date: October 27