Startups

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.

CData Software: Data Connectivity Platform Company Raises $350 Million In Growth Capital

By Amit Chowdhry ● Jul 9, 2024

CData Software, a leading provider of data connectivity solutions, announced that it received about $350 million in growth capital from Warburg Pincus, a leading global growth investor, with participation from Accel. This funding round will enable CData to accelerate its investments in building advanced data integration solutions for customers. Updata Partners, the only investor in CData’s Series A in 2020 and Series B in 2021, will remain a significant investor.

Active Membranes Secures Seed Funding To Develop Tech For Large-Scale Desalination Projects

By Amit Chowdhry ● Jul 9, 2024

Active Membranes, a developer of award-winning electrically conducting membranes used in desalination, announced it had closed its initial round of Seed Funding to further develop its game-changing desalination technology. This funding round includes investments from Natural Ventures, Echo River Capital, and Pacifica Water Solutions, one of Active Membranes' co-founders.

Foodsmart Raises $200 Million In Funding Led By TPG

By Amit Chowdhry ● Jul 9, 2024

The Rise Fund, which is the multi-sector strategy of TPG’s global impact investing platform, announced it has signed definitive documentation to lead an investment of over $200 million in Foodsmart - which is the leading telenutrition provider and food benefits management platform in the US. The terms of the deal were not disclosed.

Brighton Park Capital Investing $112 Million In PortSwigger

By Amit Chowdhry ● Jul 9, 2024

Brighton Park Capital, an investment firm focused on entrepreneur-led, growth-stage companies within the software, healthcare, and tech-enabled services businesses space, announced a $112 million investment in PortSwigger - which is a renowned application security software provider to drive growth. And PortSwigger’s first-ever external investment marks a significant milestone, enabling the company to accelerate product development and expand its research and community-focused initiatives, strengthen its international footprint, and continue its trajectory of innovation.

Qure.ai Raises Strategic Funding From Merck

By Amit Chowdhry ● Jul 9, 2024

The Merck Global Health Innovation Fund announced it has made a strategic investment in Qure.ai as part of its Series D round. This funding will be used to develop foundation models for artificial intelligence (AI) in imaging and expand the geographical reach of Qure.ai’s AI-powered imaging solutions into the US market.

Ario: AI-Based Assistant For Parents Secures $16 Million In Seed Funding

By Amit Chowdhry ● Jul 9, 2024

Ario, an AI-powered assistant for parents, announced $16 million in seed funding from top-tier investors, including Wing Venture Capital, Floodgate, Bain Capital Ventures, Moxxie, and prominent angels.

Onehouse: Universal Data Lakehouse Company Closes $35 Million In Series B

By Amit Chowdhry ● Jul 9, 2024

Universal Data Lakehouse company Onehouse announced it has secured $35 million in Series B funding led by Craft Ventures. And existing investors Addition and Greylock Partners participated in this new round, bringing total funding to date to $68 million.

Gymdesk: Fitness And Wellness Software Company Closes $32.5 Million In Funding

By Amit Chowdhry ● Jul 9, 2024

Gymdesk, a provider of member management software for fitness and wellness businesses, announced it has raised a $32.5 million growth investment from Five Elms Capital. And this funding will drive Gymdesk's mission to expand and strengthen its solutions for the fitness industry and widen its customer base across new verticals.

Canoe Intelligence: Financial Technology Company Raises $36 Million In Series C

By Amit Chowdhry ● Jul 9, 2024

Canoe Intelligence, a financial technology company powering smarter alts management, announced the completion of its Series C financing round of $36 million today - which was led by Growth Equity at Goldman Sachs Alternatives with participation from existing investors F-Prime Capital and Eight Roads.

Adonis: Healthcare Financial Company Secures $31 Million In Series B

By Amit Chowdhry ● Jul 9, 2024

Endoron Medical: Endograft Stapling Solutions Company Raises $10 Million In Series A Funding

By Amit Chowdhry ● Jul 9, 2024

Endoron Medical, a medtech company specializing in innovative endograft stapling solutions for the endovascular repair of abdominal aortic aneurysms, announced the successful closing of its $10 million Series A funding round. This funding round was led by Sofinnova Partners, with significant matching contributions from the European Innovation Council Fund (EIC Fund).

neustark: Carbon Removal Company Closes $69 Million In Funding

By Amit Chowdhry ● Jul 9, 2024

Neustark, a Swiss carbon removal provider, announced it has raised $69 million in a funding round to scale up in the carbon dioxide removal (CDR) market. This growth equity round was led by Decarbonization Partners (a partnership between BlackRock and Temasek). Climate tech growth investor Blume Equity also joined in the round. And these new investors join neustark’s existing backers - which are all continuing their support, including Holcim, Siemens Financial Services, Verve Ventures, and ACE Ventures. Plus, UBS has contributed capital to the round via debt financing. Neustark also has a strategic collaboration with Holcim to scale up its carbon removal technology globally, enabling building solutions that are both circular and low-carbon.