Startups

Niva: Business Identity Platform Company Raises Over $3.3 Million

By Amit Chowdhry ● Jul 11, 2024

Global business identity platform company Niva has officially launched and the company introduced an AI-based solution built to overcome the challenges of establishing trust in businesses internationally. With renowned customers and over $3.3 million in funding led by Gradient Ventures (Google’s AI-focused venture fund) along with participation from Picus Capital, Canary, Gilgamesh Ventures, and key executives from Chime, Deel, Enigma, and Faire, Niva is prepared to transform the complex landscape of global commerce.

K Health: AI Primary Care Platform Company Raises $50 Million

By Amit Chowdhry ● Jul 11, 2024

K Health, a leading AI Primary Care platform, announced that it has raised $50 million in funding led by Claure Group, with participation from investors including Pablo Legorreta (founder and CEO of Royalty Pharma), and existing investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP.

Togetherwork: Member-Based Organization Payment Platform Company Raises Funding

By Amit Chowdhry ● Jul 11, 2024

Togetherwork, a leading provider of integrated software and payment solutions to groups and organizations, announced that Park Square Capital has made a significant minority investment in the company, joining GI Partners as investors.

Tembo: Postgres Managed Service Company Raises $14 Million

By Amit Chowdhry ● Jul 11, 2024

Tembo, a Postgres managed service, announced the successful closure of a $14 million Series A funding round. And GreatPoint Ventures led the investment with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, and Cintrifuse Capital, along with prominent angels.

Granza Bio: Therapeutic Delivery Platform Company Closes Over $7 Million In Seed Funding

By Amit Chowdhry ● Jul 11, 2024

Therapeutic delivery platform company Granza Bio announced the closing of its oversubscribed $7.14 million Seed led by Felicis and Refactor, along with Y Combinator and notable angel investors. The funding round also includes participation from other investors, including Metaplanet, Zeno Ventures, Ritual Capital, Pioneer Fund, Oxford Angel Fund, and North South Ventures. Notable angels joined the round including Richard Aberman (former YC Visiting Group Partner), JJ Fliegelman (former YC Visiting Group Partner), Eric Migicovsky (former YC Group Partner), Eric Eldon (former editor of TechCrunch), Eli Brown (founder of Guilded), Eoghan Mccabe (founder of Intercom), Benjamin Bryant (co-founder of Earbits), Yotam Rosenbaum (co-founder of Earbits), Will Olsen (co-founder of Engage Bio) and Joel Meyer.

Tierra Encantada: $38 Million Primary Growth Investment Raised From Susquehanna

By Amit Chowdhry ● Jul 10, 2024

Tierra Encantada, a leader in Spanish immersion early education, announced a significant minority growth investment from Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm. And this milestone marks Tierra Encantada’s first institutional investment since their founding in 2013 and underscores their accelerated influence in the youth enrichment market.

EvolutionaryScale: Biology AI Research Lab Company Raises $142 Million In Seed Funding

By Amit Chowdhry ● Jul 10, 2024

EvolutionaryScale, a frontier AI research lab for biology, launched recently with ESM3, a milestone AI model capable of generating novel proteins. ESM3 generated a new Green Fluorescent Protein (GFP), which is a process that would take 500 million years of evolution to occur naturally. The company also announced a seed round of more than $142 million, led by Nat Friedman and Daniel Gross, and Lux Capital, with participation from Amazon, NVentures (NVIDIA’s venture capital arm) and angel investors. This funding will be used for further expanding the capabilities of its models.

Rohirrim: RFP AI Automation Company Raises Funding From Bessemer And IBM Ventures

By Amit Chowdhry ● Jul 10, 2024

Rohirrim, a leading Request for Proposal (RFP) AI automation platform, announced today that Bessemer Venture Partners and IBM Ventures made strategic investments in the company. And these investments will further drive Rohirrim's goal of helping businesses grow by streamlining and strengthening their RFP response strategy.

SmartHR: HR Management Platform Company Raises $140 Million In Series E

By Amit Chowdhry ● Jul 10, 2024

Leading global investment firm KKR and Teachers’ Venture Growth (TVG), which is the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, announced the signing of definitive agreements under which KKR (on behalf of funds managed by it) and TVG will jointly lead a $140 million (JPY 21.4 billion) Series E fundraise of SmartHR, a leading cloud-native human resources management platform in Japan, with participation from existing shareholders.

X-Bow: Solid Rocket Motor Producer Company Raises Over $70 Million

By Amit Chowdhry ● Jul 10, 2024

X-Bow Systems, a leading non-traditional producer of advanced manufactured solid rocket motors (SRMs) and hypersonics technologies, today announced the completion of the initial close of its Series B financing, raising over $70 million. The funding round was led by National Security technology-focused growth equity firm Razor's Edge, with additional participation from Lockheed Martin Ventures, Boeing Ventures, Crosslink Capital, and Balerion Space Ventures.

Coder Secures $35 Million For Modernizing Enterprise Development Environments

By Amit Chowdhry ● Jul 10, 2024

Coder, a development platform keeping developers in flow, announced it has secured $35 million in funding to broaden its open source footprint, evolve cloud development environments (CDEs), and expand globally. Georgian led the round and they were joined by existing investors Uncork Capital, Notable Capital, and Redpoint Ventures. This funding brings Coder's total Series B funding to $65 million. And Russell Moore (investor at Georgian) will join Coder's Board of Directors.

Natcap Raises $10 Million To Embed Nature-Related Risks Into Business Strategies

By Amit Chowdhry ● Jul 10, 2024

Natural Capital Research Limited (Natcap) announced it has secured $10 million in an oversubscribed Series A funding round to scale its pioneering nature tech product. And Natcap had secured new funding from André Hoffmann, Norinchukin Capital, Yeo Ventures, and Pelican Ag. And the round also includes investment from former CEO of Refinitiv David Craig, and follow-on investments from Oxford Science Enterprises, funds advised by MW&L Capital Partners, and Alea Iacta Est, all of which participated in the company’s £2.5 million seed round last year.

Orby AI: $30 Million Raised To Develop AI Solutions For Enterprises

By Amit Chowdhry ● Jul 10, 2024

Orby AI, a company developing generative AI solutions for the enterprise, announced the closing of its $30 million series A round of financing. The Series A round was co-led by New Enterprise Associates (NEA), Wing VC, and WndrCo, with additional participation from Pear VC.

Augustine Therapeutics: €17 Million Raised For Developing Neurodegenerative And Cardiometabolic Disease Treatments

By Amit Chowdhry ● Jul 10, 2024

Augustine Therapeutics, a pioneering biotech company focused on novel treatments for neurodegenerative and cardiometabolic diseases, announced that it has raised €17 million in the first closing of its Series A round. This funding round was led by Asabys Partners, with participation from Eli Lilly and Company, and the US-based Charcot-Marie-Tooth Research Foundation. The current investors AdBio partners, V-Bio Ventures, PMV, VIB and Gemma Frisius Fund also joined the round.

Holoclara: $16 Million Secured To Develop Worm-Derived Therapies For Allergies And Autoimmune Disorders

By Amit Chowdhry ● Jul 10, 2024

Holoclara, a biotechnology company that is pioneering the development of worm-derived therapies for allergies and autoimmune disorders, today announced the completion of an oversubscribed $16 million Series A funding led by BOLD Capital Partners. And Horizons Ventures, Tarrasque, Endurance28, Freeflow Ventures, and a syndicate of leading angel investors also participated in the round.

Daytona: Open Source Development Environment Company Closes $5 Million In Seed Funding

By Amit Chowdhry ● Jul 10, 2024

Daytona, an open-source development environment manager, announced that it had raised $5 million in seed funding to drive its goal of democratizing development for developers globally. The funding round was led by Upfront Ventures with participation from existing investor 500 EE.

Payabli: Payments Infrastructure Company Secures $20 Million In Series A

By Amit Chowdhry ● Jul 10, 2024

Payments infrastructure solution company Payabli announced it had raised $20 million in Series A funding round. This funding round was led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling Capital based on the company’s greater than three times revenue growth.

Norm Ai: Regulatory Compliance Company Closes $27 Million

By Amit Chowdhry ● Jul 10, 2024

Norm Ai announced it has raised a fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets. And the company has secured a $27 million Series A led by Coatue, with participation from Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital (the family office of Tony James, the former President and COO of Blackstone). In the past 11 months, Norm has raised more than $38 million from leading firms.

INVI MindHealth: Mental Health Technology Company Founded By Former Navy Seal Secures $1.5 Million In Seed Funding

By Amit Chowdhry ● Jul 10, 2024

Mental health technology company INVI MindHealth announced the successful closing of a $1.5 million Series Seed funding round. The proceeds from this funding round will be utilized to enhance the current INVI Mindhealth application, driving innovation to improve user experience and the integration of content from experts on a range of mental health topics and solutions.

Zuub: Dental Revenue Cycle Automation Company Secures $9 Million In Series A

By Amit Chowdhry ● Jul 10, 2024

Zuub, a leading innovator in dental Revenue Cycle Automation, announced that it had secured $9 million in Series A funding led by Vertical Venture Partners with participation from existing investors Bonfire Ventures and MTech Capital. This investment will further Zuub's mission to recapture billions of dollars in lost revenue in the dental industry by applying artificial intelligence and advanced automation technologies.

Form Health: Obesity Care Company Raises $38 Million

By Amit Chowdhry ● Jul 10, 2024

Form Health, a leading provider of science-based obesity care in the US, announced it has raised a $38 million Series B with Sound Ventures serving as the lead investor. M13, SignalFire, and Next View Ventures also participated in the round.

iVerify: Advanced Mobile EDR Solutions Company Closes $12 Million In Series A

By Amit Chowdhry ● Jul 10, 2024

iVerify, a leader in advanced mobile EDR solutions, announced the closing of $12 million in Series A funding led by Shine Capital with participation from Exponential Founders Capital, Mischief Ventures, Box Group, Parameter Ventures, Talons Ventures, and Trail of Bits.

Rebellion Ventures Launches To Invest In The Future Of AI

By Amit Chowdhry ● Jul 10, 2024

Rebellion Ventures has announced its inaugural fund, which is dedicated to partnering with entrepreneurs to build what it coined the era of artificial super capability (ASC) through autonomous operations and AI agents that have the power to transform business models and unleash the greatest productivity boost in human history.

Valpas: Hotel And Rental Bedbug Safety Company Secures €4 Million

By Amit Chowdhry ● Jul 10, 2024

Valpas, a provider of a tech-based solution for bedbug-safe stays in hotels and rentals, announced it has secured €4m in seed funding led by Zenith VC along with Icebreaker VC, Finnish Industry Investment, Canon Marketing Japan MIRAI Fund, Activum SG Ventures, Houghton Street Ventures, Rockaway Ventures and Morrow Ventures.

Formation Bio: AI-Native Pharma Company Secures $372 Million In Series D Funding

By Amit Chowdhry ● Jul 10, 2024

AI-native pharma company Formation Bio announced that it has raised $372 million of Series D funding. This funding round was led by a16z, with significant participation from Sanofi. Current investors, including Sequoia, Thrive, Emerson Collective, and Lachy Groom, and new investors like SV Angel Growth and FPV Ventures, also joined the round.

Sensi.AI: Care Intelligence Company Closes $31 Million In Series B

By Amit Chowdhry ● Jul 10, 2024

Care intelligence company Sensi.AI announced the successful raising of $31 million in Series B funding, bringing the company's total funding to over $53 million. And this funding round was co-led by Zeev Ventures and Insight Partners, with continued support from existing investors Entrée Capital, Flint Capital, Jibe Ventures and Secret Chord Ventures.

Crossover Markets: Digital Asset Trading Company Closes $12 Million In Series A

By Amit Chowdhry ● Jul 10, 2024

Crossover Markets, a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, announced that it has raised $12 million in its Series A funding round led by Illuminate Financial and DRW Venture Capital. And Illuminate and DRW VC join a growing list of strategic investors that includes institutions such as Flow Traders, Laser Digital, Two Sigma, Wintermute, and retail brokers like Exness, Gate.io, GMO, Pepperstone, Trademax and Think Markets.

Micruity: Financial Tech Infrastructure Company Raises $5 Million

By Amit Chowdhry ● Jul 10, 2024

Micruity announced that it closed $5 million in funding to expand support for accumulation annuities and non-guaranteed income products on the Micruity platform.

LunchTable: Brand Amplification Platform Company Secures $2.4 Million

By Amit Chowdhry ● Jul 9, 2024

LunchTable (formerly Inphlu), a leading brand amplification platform, announced it has raised a $2.4 million seed financing round led by JumpStart Ventures, with participation from Cintrifuse Capital, Black Tech Nation Ventures, South Loop Ventures, Kobol.fund and angel investors.

Rainforest: Payment Provider Company Secures $20 Million In Series A

By Amit Chowdhry ● Jul 9, 2024

Rainforest, a payment provider purpose-built for software platforms, announced it had raised an oversubscribed $20 million Series A funding round led by Matrix Partners. And additional participating investors include Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners – all of which joined in the company’s seed round announced last year. Matt Brown of Matrix is joining Rainforest’s board in connection with the funding.