Startups

Praia Health: Digital Health Company Secures $20 Million

By Amit Chowdhry ● Apr 5, 2024

Digital health company Praia Health announced the closing of a $20 million oversubscribed Series A financing led by Frist Cressey Ventures, with participation from SignalFire, Epsilon Health Investors, and Providence Ventures. This funding round will support the platform's ability to revolutionize the delivery of individualized health solutions at scale and enable digitally driven health system transformation.

Aidium: Mortgage Technology Solutions Company Raises $19 Million

By Amit Chowdhry ● Apr 5, 2024

Aidium Mortgage CRM, a leading provider of innovative mortgage technology solutions, announced the successful closure of its $19 million Series A funding round, led by PeakSpan Capital.

actnano: Surface Protection Technology Company Raises $40 Million

By Amit Chowdhry ● Apr 5, 2024

actnano, a leader in surface protection technologies for automotive, consumer, and industrial electronics, announced the closing of a $40 million investment by Anthelion Capital.

Neurosterix: $63 Million Raised For Developing Allosteric Modulator Therapeutics For Underserved Neurological Disorders

By Amit Chowdhry ● Apr 5, 2024

Neurosterix, a biopharmaceutical company dedicated to developing allosteric modulator therapeutics for underserved neurological disorders, announced it has launched with a $63 million Series A financing led by Perceptive Xontogeny Venture Fund II, with participation from Perceptive Life Sciences Fund and Acorn Bioventures.

Read AI: $21 Million Raised To Make Meetings More Efficient

By Amit Chowdhry ● Apr 5, 2024

Read AI - a leader in gen AI meeting summaries - announced a $21 million Series A funding round led by Goodwater Capital with existing investor Madrona Venture Group. Goodwater partner Coddy Johnson will join the Board of Directors alongside Madrona’s Matt McIlwain and David Shim (Read AI’s Co-Founder and CEO). The additional funding will accelerate Read AI’s goal of building the future of work, where every interaction is improved with AI.

Alsym Energy: $78 Million Raised To Develop Next-Gen Non-Flammable Rechargeable Batteries

By Amit Chowdhry ● Apr 5, 2024

Alsym Energy, a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine, and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst. Thrive Capital and Thomvest joined the round along with existing investor Drads Capital. Alsym will use the funding to expand its team and prototyping and pilot lines, which will help address the increasing demand for customer samples.

Hello Alice: Fintech Platform Closes Series C Funding Round

By Amit Chowdhry ● Apr 4, 2024

Hello Alice - a fintech platform connecting 1.5 million small businesses to capital, connections, and opportunities - announced the closing of a Series C funding round with QED Investors, Mastercard, and others. This funding round brought the company’s valuation to $130 million. Additional investors in this round of funding included Backstage Capital, Guy Fieri, Golden Seeds, Harbert Growth Partners Fund, How Women Invest I, LP, Lovell Limited Partnership, Tyler "Ninja" and Jessica Blevins, and Tamera Mowry and Adam Housley.

Pigment: Business Planning Platform Raises $145 Million

By Amit Chowdhry ● Apr 4, 2024

Pigment, a business planning platform, announced a $145 million Series D funding round led by ICONIQ Growth. Sandberg Bernthal Venture Partners and several other existing investors, including IVP, Meritech, Greenoaks, and Felix Capital, also participated in the round.

Eirene: Online Funeral Services Provider Secures $4 Million

By Amit Chowdhry ● Apr 4, 2024

Eirene, Canada's first and only online funeral services provider, announced it had launched operations in the U.S. after raising $4.1 million in seed funding. Relay Ventures led the funding round, with participation from Export Development Canada and Saint Elizabeth Healthcare. This funding round will drive Eirene's expansion into the US, build its brand, and grow the team.

Diagonal Therapeutics: $128 Million Raised To Discover/Develop Agonist Antibodies

By Amit Chowdhry ● Apr 4, 2024

Diagonal Therapeutics - a company pioneering a new approach to discover and develop agonist antibodies - has launched with $128 million in financing. BVF Partners and Atlas Venture co-led the Series A funding round, with participation from Lightspeed Venture Partners, RA Capital Management, Frazier Life Sciences, Viking Global Investors, Velosity Capital, and Checkpoint Capital. The company was co-founded by CEO Alex Lugovskoy, Ph.D., and Atlas and was previously seeded by Atlas, Lightspeed Venture Partners, and Velosity Capital.

Manifold: AI-Powered Clinical Research Platform Company Closes $15 Million

By Amit Chowdhry ● Apr 4, 2024

Manifold, an AI-powered clinical research platform, announced a $15 million Series A. TQ Ventures led this funding round. It also included new investors Calibrate Ventures and SK Ventures, notable founders and CEOs, including healthcare leader Dr. Sachin H. Jain, and existing investors, including TTCER Partners. Additional investors and advisors include Dr. Gaurav Singal (former Chief Data Officer, Foundation Medicine), Eric Just (former SVP and General Manager, Health Catalyst), Amar Kendale (former Chief Product Officer), Livongo/Teladoc, Andrew Bialecki (CEO & Co-Founder, Klaviyo), Brad Porter (CEO & Founder, Collaborative Robotics and former VP Robotics, Amazon), Steve Fredette (President & Co-Founder, Toast), Jon Karlen (Chairman & Founder, Acadian Software), and Pravin Soni (former CTO & Co-Founder, Elevation Pharma).

Coalesce.io: Data Transformation Company Raises $50 Million

By Amit Chowdhry ● Apr 4, 2024

Data transformation company Coalesce.io has closed $50 million in Series B funding to drive growth. Industry Ventures and Emergence Capital led the funding round with participation from 11.2 Capital, Bob Muglia, DNX Ventures, GreatPoint Ventures, Hyperlink Ventures, Next Legacy Partners, Snowflake Ventures, and Telstra Ventures. Including this round, the company brought the company’s total funding to $81 million.

Netgain: Accounting Software Solutions Company Closes $35 Million

By Amit Chowdhry ● Apr 4, 2024

Netgain, a leading software provider for finance and accounting teams, announced a $35 million minority investment led by Summit Partners. The funding round will drive product development and team expansion while supporting Netgain’s commitment to helping accountants free up time by automating routine tasks.

Velox: Digital Decoration Solutions Company Raises $38 Million

By Amit Chowdhry ● Apr 4, 2024

Velox, a developer, manufacturer, and seller of industrial direct-to-shape digital decoration solutions for rigid packaging containers, announced it has secured a $38 million funding round. Fortissimo Capital led the funding round. And existing investors JAL Ventures, O.R.T. Technologies, Ilan Holdings, Evonik, Waypoint Investors, and Migdal Insurance & Finance joined the funding round.

InStride Health: Specialty Pediatric Anxiety And OCD Treatment Company Raises $30 Million

By Amit Chowdhry ● Apr 3, 2024

InStride Health, an outpatient provider of specialty pediatric anxiety and OCD treatment, announced it closed an oversubscribed $30 million Series B funding round. General Catalyst led the funding round and was joined by previous investors .406 Ventures, Valtruis, Mass General Brigham Ventures, and Hopelab Foundation.

Orchard Robotics: $3.8 Million Raised To Enable Precision Crop Management With AI And Robots

By Amit Chowdhry ● Apr 3, 2024

Orchard Robotics, a company enabling precision crop management with robots and AI, has raised $3.8 million in a seed round led by General Catalyst and a pre-seed led by Contrary. Humba Ventures, Soma Capital, Correlation Ventures, VU Venture Partners, Ben Taft’s Genius Ventures, angel investors Howard Lerman, Joshua Browder, Rory, Kieran O’Reilly, and many others also joined the round.

Cyvl: AI-Powered Mapping Technology Company Raises $6 Million

By Amit Chowdhry ● Apr 3, 2024

Cyvl.ai, a leader in enterprise AI solutions for transportation infrastructure, announced $6 million of new investments after two years of rapid growth. Companyon Ventures led the funding round, including Argon Ventures, AeroX Ventures, and Alumni Ventures. Cyvl.ai also received support from its existing investors, MassVentures, Launch Capital, RiverPark Ventures,Launchpad Venture Group, and Hub Angels.

Aeovian Pharmaceuticals: $50 Million Raised To Develop Selective Therapeutics For Restoring Cellular Metabolic Quality Control

By Amit Chowdhry ● Apr 2, 2024

Aeovian Pharmaceuticals - a clinical-stage biopharmaceutical company developing novel and highly selective therapeutics that potently inhibit the mTORC1 pathway - announced that it dosed the first cohort of participants in a Phase 1 clinical trial for its lead development candidate AV078, a first-in-class CNS penetrant selective mTORC1 inhibitor. The company also recently completed a $50 million financing led by Hevolution. Hevolution was joined by existing investors Apollo Health Ventures, Sofinnova Investments, venBio, Evotec, and b2venture.

Terragia: Low-Carbon Biofuel Technology Company Raises $6 Million

By Amit Chowdhry ● Apr 2, 2024

Terragia Biofuel - a company driving the next generation of biofuels - announced it raised a $6 million seed round led by Engine Ventures and Energy Impact Partners (EIP). The company will use this funding to commercialize its novel biology-based approach to converting cellulosic biomass into ethanol and other products, expand its employee headcount, and initiate partnerships with major biofuel producers.

Hive: Distributed Cloud Computing Company Raises €12 Million

By Amit Chowdhry ● Mar 31, 2024

SC Ventures (Standard Chartered's ventures arm) is leading a €12 million (USD $13 million) Series A funding round for distributed cloud provider Hive, which aims to increase businesses' and individuals' access to sustainable and high-powered computing resources. OneRagtime, a French venture capital fund that led Hive's Seed round, and a collection of private investors joined the round.

Vizcom: Industrial Product Visualization Company Secures $20 Million

By Amit Chowdhry ● Mar 31, 2024

Vizcom - a company deploying AI to transform the future of industrial design - announced that it has raised $20 million in Series A funding. This funding round was led by Index Ventures with participation from a renowned roster of angel investors, including Kyle Parrish (VP of Sales at Figma), Steve Mallouf (VP of Sales at Datadog), Daniel Sturman (former CTO of Roblox), and Ayush Sood (Director of Engineering at Figma). With this funding round, Vizcom will continue aggressively investing in technology development and hiring a solid team.

Sprocket Security: Continuous Penetration Testing Company Raises $8 Million

By Amit Chowdhry ● Mar 31, 2024

Sprocket Security, an offensive security platform with an industry-leading continuous pentesting solution, announced its $8 million Series A financing. Led by Blueprint Equity, with participation from Wisconsin-based Capital Midwest Fund, the funding will accelerate Sprocket's platform development, fuel customer success, and expand sales and marketing initiatives.

Battery Ventures Strategically Invests In Safety Systems Company AdaCore

By Amit Chowdhry ● Mar 31, 2024

Battery Ventures announced a significant investment in AdaCore, a leader in providing software development tools for safety and security-critical systems. This strategic deal will accelerate AdaCore's expansion and position the company as a go-to source for software development tooling.

Solace Capital Partners Invests In Siprocal

By Amit Chowdhry ● Mar 31, 2024

Solace Capital Partners, a leading private equity firm focused on providing creative capital solutions for middle-market companies, announced an investment in Siprocal.

Overplay: User-Generated Games Platform Raises Funding From Mark Cuban

By Amit Chowdhry ● Mar 30, 2024

Zafran: Risk And Mitigation Leader Raises Over $30 Million

By Amit Chowdhry ● Mar 29, 2024

Risk and mitigation leader company Zafran announced that it raised over $30 million in funding. Sequoia Capital and Cyberstarts led the funding, with Cerca Partners and Penny Jar participating.

Lightshift Energy: Utility-Scale Energy Storage Development Company Raises $100 Million

By Amit Chowdhry ● Mar 29, 2024

Lightshift Energy (formerly Delorean Power) announced a $100 million capital infusion from Greenbacker Capital Management.

Skyflow: Data And AI Privacy Company Secures $30 Million

By Amit Chowdhry ● Mar 29, 2024

Data privacy vault company Skyflow announced it has raised $30 million to extend its Series B funding. Khosla Ventures led the round, joined by prior investors Mouro Capital, Foundation Capital, and Canvas Ventures. This funding round follows revenue growth of more than 210% and quick adoption in the emerging market of sensitive data protection for large language models (LLMs).

Pelago: Substance Use Virtual Clinic Company Raises $58 Million

By Amit Chowdhry ● Mar 29, 2024

Pelago - a leading digital clinic partner to U.S. businesses and health plans for substance use management - announced $58 million in new funding on the strength of customer growth and validated ROI. This funding round brought the company’s total to $151 million.

Blueground: $45 Million Raised To Expand Flexible Rental Platform

By Amit Chowdhry ● Mar 29, 2024

Blueground - the largest global operator of furnished and flexible rentals for 30+ day stays - announced that it has secured $45 million in Series D funding. This funding round includes investments from new investor Susquehanna Private Equity Investments, LLLP (Susquehanna), and other notable investors, including WestCap. Blueground also raised a debt facility from Barclays with participation from Morgan Stanley, Deutsche Bank, and HSBC, which replaced its prior facilities with Silicon Valley Bank (SVB).