Funding Roundup: SubjectWell, Alto Neuroscience, ConnexPay, SUN METALON, Wispr, Paragraph, Merge, InfinyOn, Shadowbox, Electronic Caregiver, And Grafbase

By Amit Chowdhry ● Nov 2, 2022
  • This is a list of some of the companies that were recently funded.

This funding roundup features news about SubjectWell, Alto Neuroscience, ConnexPay, SUN METALON, Wispr, Paragraph, Merge, InfinyOn, Shadowbox, Electronic Caregiver, and Grafbase.

Company: SubjectWell

Funding amount: $35 million

Funding round: Series B

Investors: Led by Asset Management Ventures with participation from all existing investors and joined by Bertelsmann. Prior-round investors in SubjectWell include Healthy Ventures, Windham Venture Partners, and Geekdom Fund.

Announced: October 20

SubjectWell is the largest engagement platform for matching patients with chronic health conditions to new care options.

Company: Alto Neuroscience

Funding amount: $35 million

Funding round: Series B

Investors: Led by Lightswitch Capital and partners of Alkeon Capital, with participation from other new investors including Sobrato Capital, Novartis Pharma AG, Valor Equity Partners, Korify Capital, Vine Ventures, and Gaingels

Announced: October 25

Alto Neuroscience is pioneering precision psychiatry by developing targeted medicines to enable patients get better faster.

Company: ConnexPay

Funding amount: $110 million growth equity investment

Total amount raised: $145 million

Investors: Led by FTV Capital. Previous ConnexPay investors also participated in the round.

Announced: October 25

ConnexPay is known as the first and only company to bring together the two sides of the payment process — payments acceptance and virtual payments issuing — into a single platform with one contract and one reconciliation.

Company: SUN METALON

Funding amount: $5.6 million

Total amount raised: $7.7 million

Funding round: Pre-series A funding round

Investors: New investor GLOBIS CAPITAL PARTNERS & Co., along with existing investors UTEC (The University of Tokyo Edge Capital Partners Co., Ltd.), D4V (Design for Ventures), and Berkeley SkyDeck Fund (associated with the University of California, Berkeley).

Announced: October 21

SUN METALON is developing a new principle-based metal 3D printer that can reduce costs by more than 90% due to ultra-high efficiency — 500 times faster than conventional metal 3D printing technology.

Company: Wispr

Funding amount: $10 million

Funding round: Equity and debt as part of its Seed II

Total amount raised: $14.6 million

Investors: Major investors in this round include Neo, Triple Point Capital, MVP Ventures, and Fred Ehrsam, the co-founder of Coinbase and Paradigm Ventures. Their previous investors, including New Enterprise Associates (NEA) and 8VC, also increased their ownership in the company.

Announced: October 24

Wispr is a company that is building a more natural way to interact with technology with neural interfaces.

Company: Paragraph

Funding amount: $1.7 million

Funding round: Pre-seed funding round

Investors: Led by Lemniscap, with participation from Binance Labs, FTX Ventures, Seed Club Ventures, GCR, and Sfermion.

Announced: October 24

Paragraph is a Web3-native publishing platform at the intersection of the Creator Economy and Web3 innovation. And the company is helping Web3 writers, DAOs, and NFT communities monetize their content and supercharge their earning power through a seamless, user-friendly all-in-one publishing and newsletter platform.

Company: Merge

Funding amount: $55 million

Funding round: Series B

Total amount raised: $75 million

Investors: Led by Accel, with participation from existing investors NEA and Addition.

Announced: October 24

Merge is a company that provides the tools to transform how B2B companies realize customer-facing integrations. And with Merge’s Unified API, developers integrate just once and give their customers access to over 150 HR Information Systems (HRIS), Applicant Tracking Systems (ATS), Accounting, Ticketing, and CRM integrations.

Company: InfinyOn

Funding amount: $5 million

Funding round: Seed

Investors: Led by Gradient Ventures and Fly Ventures, with participation from Bessemer Venture Partners, TSVC, and others.

Announced: October 24

InfinyOn, a real-time event streaming company, has architected a programmable platform for data in motion built on Rust and enables continuous intelligence for connected apps.

Company: Shadowbox

Funding amount: Up to $6 million

Funding round: Series A

Investor: Baleon Capital

Announced: October 24

Shadowbox is a patented automation platform built for healthcare. And by powering a browser with security, AI, and user-driven cross-application connections, Shadowbox offers instant integration and automation across the healthcare ecosystem.

Company: Electronic Caregiver

Funding amount: $42.5 million

Total raised: $120 million, including $10 million in debt

Investors: More than 90 percent of the funds came from repeat investors.

Announced: October 24

Electronic Caregiver is a privately held digital health technology and services company that has mission to design and deliver innovative, impactful telehealth products and services that bridge the chasm between the doctor’s office and the patient’s home to improve outcomes, expand access, and optimize resource allocation.

Company: Grafbase

Funding amount: $5 million

Funding round: Seed

Total funding raised: $7.3 million

Investors: Led by Next47. The funding round also saw participation from Alven, Uncorrelated Ventures, and a group of renowned angel investors including Vercel CEO Guillermo Rauch, Datadog CEO Olivier Pomel, GitHub ex-CEO Nat Friedman, Netlify CEO Mathias Biilmann Christensen, and Cockroach Labs CEO Spencer Kimball, among others.

Announced: October 25

Grafbase is a data platform for developers that accelerates backend deployment via serverless GraphQL APIs.

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