Funding Roundup: VacV Biotherapeutics, 3NETS, Util, FLX Networks, SitePro, Port, Evmos, project44, Alethea, Solugen

By Pulse 2.0 Staff ● Nov 12, 2022
  • This is the latest Pulse 2.0 funding roundup.

This is the latest Pulse 2.0 funding roundup.

Company name: VacV Biotherapeutics

Funding amount: $3 million

Investors: Proxima Ventures

What VacV Biotherapeutics does: Spun out of Barts Cancer Institute and Queen Mary University of London, VacV Biotherapeutics is a cancer immunotherapy company developing innovative viral-based therapies (recently emerged from stealth mode) to advance its promising pipeline of pre-clinical assets with best-in-class potential, towards the clinic.

Announcement date: October 26

Company name: 3NETS

Funding amount: $11 million

Funding round: Seed

Investors: Led by Taiwania Capital

What 3nets does: 3nets is developing a platform that enables rapid adoption of multi-cloud distributed applications to accelerate digital transformation by simplifying networking and application operations.

Announcement date: November 3

Company name: Util

Funding amount: $6 million

Funding round: Seed

What Util does: Util is a provider of sustainability intelligence to financial institutions. And the company’s evidence-driven analytics capture the performance of 50,000 listed companies—of every size, region, and sector—relative to the 17 United Nations Sustainable Development Goals and thousands of other sustainability concepts, empowering investors to better understand and optimise their real-world impact.

Announcement date: November 3

Company name: FLX Networks

Funding amount: $10 million

Valuation: $50 million

Funding round: Growth equity round

Investors: Led by global investment manager Barings, with participation from industry leaders Allianz Life Ventures and Broadridge Financial Solutions

What FLX Networks does: FLX Networks is revolutionizing engagement for asset and wealth management firms and financial advisors. And FLX community members access thought leadership, investment ideas, business resources, and industry connectivity in one centralized destination, delivering productivity, savings, and growth.

Announcement date: November 3

Company name: SitePro

Funding amount: $16 million, including $5 million in growth capital

Funding round: Series E

What SitePro does: SitePro a technology company focused on providing solutions and services for managing critical infrastructure operated by customers in the water and energy markets.

Announcement date: November 3

Company name: Port

Funding amount: $7 million

Funding round: Seed

Investors: Led by TLV Partners. Yoav Landman (founder and CTO of JFrog) and Shlomo Kramer (co-founder of Check Point) also invested in the round.

What Port does: Port is a builder-based developer portal, designed to be flexible to match every organization’s unique infrastructure and enabling companies to build the developer experience that best fits their needs. And Port pulls from different CI/CD systems, Github repositories, Kubenetes etc, and is API-first to digest data from any source.

Announcement date: November 3

Company name: Evmos

Funding amount: $27 million

Funding round: Seed

Investors: Led by Polychain Capital with participation from Galaxy, Huobi, HashKey, Coinbase Ventures, Circle Ventures, Asymmetric as well as a number of angel investors from around the Web3 space

What Evmos does: Evmos is the leading Ethereum Virtual Machine-based blockchain in the Cosmos ecosystem and enables developers to launch apps that run interoperable smart contracts across any number of EVM and Cosmos-based blockchains

Announcement date: November 3

Company name: project44

Funding amount: $80 million

Valuation: $2.7 billion

Investors: Led by Generation Investment Management and A.P. Moller Holding along with previous investors Goldman Sachs Asset Management, TPG, Emergence Capital, Chicago Ventures, Sapphire, 8VC, Sozo Ventures and Omidyar Technology Ventures.

What project44 does: project44 operates the world’s most trusted neutral end-to-end visibility platform that tracks over 1 billion unique shipments annually for over 1,200 of the world’s leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, and oil, chemical & gas. And using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability.

Announcement date: November 3

Company name: Alethea

Funding amount: $10 million

Funding round: Series A

Investors: led by Ted Schlein and Kevin Mandia of Ballistic Ventures.

What Alethea does: Alethea is a technology company helping the Fortune 500, private companies and nonprofits protect themselves from harms stemming from disinformation. Utilizing its multi-channel machine learning platform, Artemis, Alethea detects disinformation narratives across the internet, enabling customers to proactively defend against this pervasive threat. With Artemis-powered early detection, Alethea customers can protect their reputations, key assets, physical safety and market value. The company was founded in 2019 and is woman-owned. Learn more at www.aletheagroup.com

Announcement date: November 2

Company name: Solugen

Funding amount: $200 million

Funding round: Series D

Valuation Over $2 billion

Investors: Kennivik, Lowercarbon Capital, and Refactor Capital led the round. And Temasek, Baillie Gifford, the prior round’s lead investors like Fifty Years also joined

What Solugen does: Solugen is a company focused on creating cutting-edge chemistries that are safer to use and more cost-effective and environmentally-friendly than traditional petrochemicals. And Solugen also is leading the way in the emerging field of enzymatic technology and reimagining chemical solutions for the energy, industrial water treatment, cleaning, soil remediation, and agriculture industries.

Announcement date: November 2