Startups

Expressable: Speech Therapy Company Secures $26 Million

By Amit Chowdhry ● May 22, 2024

Expressable, a market leader in research-based, family-centered speech therapy care, announced it raised $26 million in Series B funding led by global investment firm HarbourVest Partners, with participation from Digitalis Ventures and existing investors F-Prime Capital and Lerer Hippeau.

Footprint: $13 Million Raised To Reduce Identity Fraud

By Amit Chowdhry ● May 22, 2024

Footprint, a company unifying KYC (Know Your Customer), security, and authentication to automate consumer onboarding and reduce identity fraud, announced a $13 million Series A led by QED Investors. The funding round included participation from existing investors Index Ventures, Lerer Hippeau, Operator Partners, BoxGroup, Palm Tree Capital, and Definition. New investors Neo and Animal Capital also joined.

SamaCare: $17 Million Closed To Advance Specialty Drug Prior Authorization Platform

By Amit Chowdhry ● May 22, 2024

SamaCare - a cloud-based patient access platform for specialty medications - announced that it has closed an oversubscribed $17 million Series B investment round led by new investor Questa Capital. Questa was joined in the round by existing investors Vive Collective and South Park Commons.

Expedera: Edge Inference AI Licensor Company Raises $20 Million

By Amit Chowdhry ● May 22, 2024

Expedera, a leading licensor of edge inference artificial intelligence (AI) semiconductor intellectual property (IP), announced it raised $20 million in Series B funding led by indie Semiconductor, with participation from prominent repeat and new industry investors. This funding, which includes converting a previous SAFE note, brought the company's total funding to more than $47 million.

Invidia Capital Management Launches With GCM Grosvenor’s Strategic Investment

By Amit Chowdhry ● May 22, 2024

Healthcare investment firm Invidia Capital Management (founded by former Goldman Sachs partner Jo Natauri) announced its launch with a strategic investment from GCM Grosvenor, a leading global alternative asset management solutions firm.

WitnessAI: $27.5 Million Raised To Develop Safe Adoption Of Enterprise AI

By Amit Chowdhry ● May 22, 2024

WitnessAI, the creator of the first enablement platform for safe AI use, announced a $27.5 million Series A round, co-led by GV and Ballistic Ventures. The company had previously been incubated by Ballistic Ventures, beginning in 2023.

Superpower: Healthcare Platform Company Raises $4 Million

By Amit Chowdhry ● May 22, 2024

Superpower, a healthcare platform making it easy for people to access personalized, preventative, and longevity-focused medicine, announced today that it has raised $4 million in pre-seed funding. This funding round was led by Susa Ventures with participation from Long Journey Ventures, Family Fund, Atman VC, 24 Carrot VC, Focalpoint Partners, and Seaside Ventures. Also joining in the round were several prominent angel investors, including Cameron and Tyler Winklevoss, Balaji Srinivasan, Scott and Cyan Banister, and Evan Charles Moore (the Co-Founder of Doordash).

Reactive Technologies: Grid Stability Measurement Company Raises £25 Million

By Amit Chowdhry ● May 21, 2024

Reactive Technologies, a UK and Finland-based leader in grid stability measurements, announced a Series D funding round today. This £25 million funding round (US$31.4 million) was led by M&G’s Catalyst investment and UK and Ireland growth capital investor BGF and Breakthrough Energy Ventures.

Aplazo: Mexico-Based BNPL Company Raises $70 Million

By Amit Chowdhry ● May 21, 2024

Aplazo, an omni-channel payment platform offering flexible payment solutions and commerce enablement tools to help merchants accelerate sales and grow their brands, announced the closing of $70 million in additional equity financing, including a $45 million Series B funding round.

Vitesse: Insurance-Focused Treasury And Payment Solutions Company Raises $93 Million

By Amit Chowdhry ● May 21, 2024

Vitesse, a leading treasury and payment solutions provider for the insurance industry, announced today the completion of a $93 million Series C funding round led by KKR, with participation from existing investors, including Hannover Digital Investments. Following the funding round, subject to customary regulatory approvals, Patrick Devine, Managing Director of KKR’s Tech Growth team, will join the board of directors.

CereVasc: $70 Million Raised To Develop Novel Treatments For Neurological Diseases

By Amit Chowdhry ● May 21, 2024

CereVasc, a clinical-stage medical device company developing novel treatments for neurological diseases, announced it has completed the initial closing of a $70 million Series B funding. The funding was jointly led by Bain Capital Life Sciences and existing investor Perceptive Xontogeny Venture Fund (PXV), with additional participation from other existing investors.

ByHeart: Infant Nutrition Company Raises $95 Million

By Amit Chowdhry ● May 21, 2024

ByHeart, a next-generation infant nutrition company, announced it has secured $95 million in additional financing to support the continued US commercial launch and development of its innovation pipeline. So far, ByHeart has raised $395 million from investors, including D1 Capital Partners, Bellco Capital, Polaris Partners, Two River, OCV Partners, AF Ventures, Red Sea Ventures, Gaingels, and more.

Ajax Therapeutics: $95 Million Raised To Develop Next-Gen JAK Inhibitors For Patients With MPNs

By Amit Chowdhry ● May 21, 2024

Ajax Therapeutics, a biopharmaceutical company developing next-generation JAK inhibitors for patients with myeloproliferative neoplasms (MPNs), announced the closing of an oversubscribed $95 million Series C funding round. The funding was led by Goldman Sachs Alternatives with participation by Eli Lilly and Company, Vivo Capital, RA Capital Management, Point72 and existing investors EcoR1 Capital, Boxer Capital, Schrödinger, Inc. and Inning One Ventures. In connection with the funding, Amit Sinha, Head of Life Sciences Investing, and Ming Cheah, PhD, Vice President of Life Sciences Investing at Goldman Sachs Alternatives, joined Ajax’s board of directors.

Tenon: ServiceNow-Based Marketing Solution Company Raises $8 Million

By Amit Chowdhry ● May 21, 2024

Tenon, a marketing solution built using ServiceNow, announced it has secured an $8 million Series A investment, co-led by High Alpha and StepStone Group, with continued investment from ServiceNow Ventures. This funding round will support the expansion of the Tenon team and accelerate the company’s product roadmap, expanding from marketing work management into marketing automation to unify the complete marketing lifecycle.

Highperformr: Social Media Platform Company Raises $3.5 Million

By Amit Chowdhry ● May 21, 2024

GenAI company Highperformr announced that it has secured $3.5 million in seed funding and launched its product Highperformr for Teams, which is a modern social media management platform designed to help B2B businesses maximize their return on investment (ROI) from social media efforts by amplifying their social presence and driving meaningful engagement.

Scale AI: Data Engine Company Raises $1 Billion At $13.8 Billion Valuation

By Amit Chowdhry ● May 21, 2024

AI data foundry company Scale AI announced it had closed a $1 billion financing transaction, bringing the company to a valuation of $13.8 billion. Existing investor Accel led the funding round with participation from returning investors, including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, NVIDIA, Tiger Global Management, Greenoaks, and Wellington Management. The new investors include Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta.

Sona: Frontline Workforce Management Company Raises $27.5 Million

By Amit Chowdhry ● May 21, 2024

Sona, a next-generation and intelligent workforce management platform for frontline enterprises founded by Steffen Wulff Petersen, Oli Johnson, and Ben Dixon, announced a $27.5 million Series A funding round. Felicis led the funding round with participation from Northzone, Gradient (Google's AI fund), SpeedInvest, Antler, BAG Ventures, and several notable angels participated in the round.