Startups

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.