Startups

Faeth Therapeutics: $25 Million Raised To Advance PIKTOR Phase 2 Trial Following 80% Response Rate In Endometrial Cancer

By Amit Chowdhry ● Today at 11:52 AM

Faeth Therapeutics, a clinical-stage biotechnology company pioneering metabolism-based cancer therapies, announced a $25 million strategic financing round to advance its lead program, PIKTOR, in endometrial cancer. The raise brings Faeth’s total funding to $92 million and will support the company’s expansion across oncology and metabolic diseases. The funding round was led by S2G Ventures with participation from existing investors Khosla Ventures, Future Ventures, Digitalis Ventures, KdT Ventures, and Cantos, as well as new investors B Capital Group, Avicella, and THO Seed Fund.

knownwell: $25 Million Strategic-Led Financing Raised To Advance Nationwide Obesity Care Model

By Amit Chowdhry ● Today at 10:07 AM

knownwell, a leader in obesity medicine and weight-inclusive primary care, announced it has raised $25 million in an oversubscribed, strategic-led financing round. The investment was led by CVS Health Ventures, with participation from MassMutual Catalyst Fund, Intermountain Ventures, and other investors, alongside continued backing from existing supporters a16z Bio + Health and Flare Capital Partners.

Andel: $4.5 Million Raised For Launching Employer-Focused GLP-1 Medication Marketplace

By Amit Chowdhry ● Today at 9:42 AM

Andel announced a $4.5 million capital raise at the HLTH conference to support the launch of its cooperative platform that enables employers to provide affordable access to GLP-1 weight-loss medications. The funding round includes participation from Lightbank, Seedcamp, Bertelsmann Healthcare Investments, Houghton Street Ventures, and Springboard.

Kardigan: $254 Million Series B Closed To Advance Late-Stage Portfolio Of Personalized Cardiovascular Medicines

By Amit Chowdhry ● Yesterday at 11:51 PM

Kardigan, a biotechnology company focused on redefining cardiovascular drug development, announced the successful closing of a $254 million Series B financing round. The funding round featured participation from new investors, including Fidelity Management & Research Company and accounts advised by T. Rowe Price Investment Management, alongside renewed support from long-time backers ARCH Venture Partners and Sequoia Heritage.

Sage Care: $20 Million Closed To Transform Healthcare Navigation Using AI

By Amit Chowdhry ● Yesterday at 11:45 PM

Sage Care, a Palo Alto-based healthcare technology company developing AI-powered care navigation systems, has officially launched with $20 million in funding led by Yosemite and with participation from General Catalyst, Metrodora (Chelsea Clinton), OVTR.VC, SV Angel, Liquid 2, Seven Stars, Refract Ventures, AME Cloud Ventures, and Apollo Ono.

LuxCreo: Strategic Investment Raised From Angelalign Technology To Co-Develop Advanced 3D Printing Materials For Clear Aligners

By Amit Chowdhry ● Yesterday at 11:44 PM

LuxCreo, an innovator in personalized medical and dental device technologies, has received a strategic investment from Angelalign Technology, one of the world’s leading providers of clear aligner solutions.

Triplemoon: $3.5 Million Seed Funding Raised For Improving Pediatric Mental Health Through Tech-Enabled Clinical Care

By Amit Chowdhry ● Yesterday at 11:41 PM

Triplemoon, a Dallas-based digital health company specializing in pediatric mental health, has announced the successful closing of a $3.5 million seed round led by Activate Venture Partners (New York) and LiveOak Ventures (Texas).

Veradermics: $150 Million Series C Raised For Advancing Late-Stage Trials Of VDPHL01

By Amit Chowdhry ● Yesterday at 11:39 PM

Veradermics, a dermatologist-founded, late clinical-stage biopharmaceutical company developing first-in-class treatments for common dermatologic conditions, has announced the completion of an oversubscribed $150 million Series C financing round. The funding round was led by SR One, with participation from major life sciences investors including Viking Global Investors, Marshall Wace, Invus, abrdn Inc., Columbia Threadneedle Investments, Infinitium, LifeSci Venture Partners, and returning investors Longitude Capital, Suvretta Capital Management, and Surveyor Capital (a Citadel company), among others.

MGT: $21.6 Million Secured For AI-Native Neo-Insurer Platform

By Amit Chowdhry ● Yesterday at 11:37 PM

MGT, a vertically AI-native neo-insurer designed to modernize commercial property and casualty (P&C) insurance for small businesses, announced the successful closing of a $21.6 million oversubscribed Series B funding round. The round was led by Mubadala Capital, with participation from Clocktower Ventures, Tacora Capital, and existing investors.

Nova Credit: $35 Million Series D Raised To Advance Growth Of Cash Flow Underwriting Platform

By Amit Chowdhry ● Yesterday at 11:27 PM

Nova Credit, a leading credit infrastructure and analytics company, has raised $35 million in a Series D funding round led by Socium Ventures, a VC firm backed by Cox Enterprises. The Series D round included participation from a high-profile group of existing investors, including Canapi Ventures, Kleiner Perkins, General Catalyst, Index Ventures, Y Combinator, NAVentures (the corporate venture capital arm of National Bank of Canada), Harmonic Growth Partners, Radiate Capital, and Gaingels.

Telcoin: $25 Million Secured For Launching First Regulated Digital Asset Bank And Bank-Issued Stablecoin

By Amit Chowdhry ● Yesterday at 11:24 PM

Telcoin, a blockchain-based financial services company, announced it has raised $25 million in a pre-Series A funding round to launch Telcoin Digital Asset Bank, which is set to become the first regulated blockchain bank in the United States. The funding enables Telcoin to meet capital requirements for its conditionally approved Nebraska Digital Asset Depository Institution charter, advancing the company’s mission to bridge the $4 trillion blockchain economy with traditional banking.