Startups

PQShield: Cybersecurity Company Closes $37 Million In Series B Funding

By Amit Chowdhry ● Jun 20, 2024

PQShield, a cybersecurity company focused on post-quantum cryptography (PQC), announced today that it has raised $37 million in Series B funding, led by Addition. New investors Chevron Technology Ventures, Legal & General, and Braavos Capital participated, along with existing backers Oxford Science Enterprises.

Daisy: Smart Home And Office Technology Integration Company Secures $11 Million In Series A

By Amit Chowdhry ● Jun 20, 2024

Daisy, a home and small business technology installation and services company, announced its $11 million Series A funding round, bringing the total funding to $13.3 million. This funding round was led by Goldcrest and Bungalow with participation from Bullish, Burst Capital, and angel investors.

Apex: Spacecraft Manufacturing Company Raises $95 Million In Series B

By Amit Chowdhry ● Jun 20, 2024

Apex, an LA-based spacecraft manufacturing company, announced its $95 million Series B funding round. This funding round was led by XYZ Venture Capital (an early investor in the company) and co-led by CRV, along with new investors Upfront, 8VC, Toyota Ventures, Point72 Ventures, Mirae Asset Capital, Outsiders Fund, GSBackers, existing investors Andreessen Horowitz, Shield Capital, J2 Ventures, Ravelin, angels Baiju Bhatt (co-founder of Robinhood), and Avalon Capital Group (private investment company founded by Gateway co-founder Ted Waitt).

Stanly: $8 Million Pre-Series A Funding Raised To Improve Fandom Experiences

By Amit Chowdhry ● Jun 20, 2024

Stanly, an innovative platform designed exclusively for fans to connect, engage, and celebrate their favorite fandoms, announced it has successfully raised $8 million in pre-Series A funding. This funding round was led by Adrian Cheng's C Capital, with participation from AppWorks, Goodwater, Palm Drive Capital, and others.

AccountsIQ: Cloud-Based Accounting Platform Company Closes €60 Million In Series C

By Amit Chowdhry ● Jun 20, 2024

Cloud-based accounting platform AccountsIQ announced that it has secured a €60 million Series C investment from Axiom Equity. This funding will be used for continuing to develop the AccountsIQ product to shape the finance function of the future, particularly to take advantage of advancement in AI throughout all aspects of the solution.

Canary Speech: AI-Based Voice Biomarker Health Company Raises $13 Million In Series A

By Amit Chowdhry ● Jun 20, 2024

Canary Speech, a leading AI-powered voice biomarker health tech company, announced it has secured a $13 million Series A funding round led by Cortes Capital, LLC (Love's Private Equity), with participation from Sorenson Communications, LLC., SMK (Japan), and Hackensack Meridian Health.

Findigs: Property Tech Company Secures $27 Million To Simplify Rental Screening

By Amit Chowdhry ● Jun 20, 2024

Findigs, a leading property technology company that simplifies rental screening and leasing decisions, announced $27 million in Series B funding. This funding follows the company’s unannounced Series A and Seed rounds, bringing the total funding raised to date to $48 million. This round was led by Nyca Partners, with participation from existing investors RPM Ventures, Streamlined Ventures, Expa Ventures, Activant Capital, Colle Capital, and Frontier Venture Capital.

InduPro: $85 Million Closed To Create Novel Therapeutics For Treating Cancer

By Amit Chowdhry ● Jun 20, 2024

InduPro, a biotechnology company defining protein spatial relationships to create novel therapeutics for the treatment of cancer and autoimmune diseases, announced an $85 million Series A financing co-led by The Column Group and Vida Ventures with participation from investors, including MRL Ventures Fund (the therapeutics-focused venture fund of Merck & Co, Inc.), Emerson Collective and Euclidean Capital.

Alzheon: $100 Million Closed To Advance Development Of Oral Tablet For Treating Alzheimer’s Disease

By Amit Chowdhry ● Jun 19, 2024

Alzheon, a clinical-stage biopharmaceutical company developing a portfolio of product candidates and diagnostic assays for patients suffering from Alzheimer’s disease (AD) and other neurodegenerative disorders, announced that it has raised $100 million in Series E financing, led by Alerce Medical Technology Partners. And Alzheon previously raised $50 million in Series D funding a couple of years ago.

UNIGRID Battery Closes $12 Million In Funding To Scale Up Production

By Amit Chowdhry ● Jun 19, 2024

UNIGRID Battery, a San Diego-based company developing advanced sodium-ion batteries, announced a successful closing of an oversubscribed $12 million Series A funding round. The funding was Co-led by Transition VC and Ritz Venture Capital and joined by new investor Union Square Ventures and existing investor Foothill Ventures. The investment will accelerate and scale up UNIGRID's battery production to fulfill MWh-scale customer orders in the electric mobility and stationary storage markets.

Santa Ana Bio: Inflammatory Disease Precision Medicine Company Raises $168 Million

By Amit Chowdhry ● Jun 19, 2024

Santa Ana Bio, a precision immunology company developing targeted therapies for patients with autoimmune and inflammatory diseases, emerged from stealth with $168 million in combined Series A and B funding. Versant Ventures, founding investor, led the Series A round, which was joined by TPG’s Life Science Innovations fund and GV. GV led the $125 million Series B round, which was participated in by all existing investors and new investors Access Biotechnology, Andreessen Horowitz (a16z) Bio + Health, and RTW.

FUZE Technology: Mobile Charging Solution Company Secures $11.5 Million

By Amit Chowdhry ● Jun 19, 2024

FUZE Technology, a pioneering IoT company behind chargeFUZE (a pay-per-use mobile charging solution), announced the closing of the company’s Series A funding round at $11.5 million.

Enveda Biosciences: $55 Million Closed To Use AI For Translating Nature Into New Medicines

By Amit Chowdhry ● Jun 19, 2024

Enveda Biosciences, a biotechnology company that utilizes AI to translate nature into new medicines, announced a new funding round of $55 million to add to its $119 million combined Series B and B1. The new investors, Premji Invest, Lingotto Investment Fund, Microsoft, and The Nature Conservancy, participated in the round alongside existing investors Kinnevik, True Ventures, FPV, Level Ventures, and Jazz Venture Partners.

ElectronX: New Energy Exchange Company Raises $15 Million

By Amit Chowdhry ● Jun 19, 2024

ElectronX, a new energy exchange created to help advance the U.S. grid transition to renewable sources, today announced it has raised a $15 million seed investment round led by Innovation Endeavors. Additional seed round investors in ElectronX include DCVC, Amplo, BoxGroupand Lightning Capital, and individuals across the trading and power industries.