Startups

Moove: Mobility Fintech Company Raises $100 Million At $750 Million Valuation

By Amit Chowdhry ● Mar 20, 2024

Moove - a global mobility fintech company that democratizes access to vehicle ownership for mobility entrepreneurs - announced that it had raised $100 million in a Series B funding round. This funding round values the company at $750 million. Uber invested in this round alongside Mubadala, which led Moove’s previous funding round last year. Other investors participating in the round also included The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa.

Lumino: AI Infrastructure Company Raises $2.8 Million

By Amit Chowdhry ● Mar 19, 2024

AI infrastructure company Lumino announced that it has raised a $2.8 million pre-seed funding round. This funding round included Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity.

Innatera: Power Neuromorphic Processor Company Secures €15 Million

By Amit Chowdhry ● Mar 19, 2024

Ultra-low-power neuromorphic processor leader Innatera announced it raised €15 million in Series A funding from Invest-NL Deep Tech Fund, the EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises. This funding will accelerate mass production, broaden application offerings, and expand customer engagement.

G2 Reverse Logistics: Net Recovery Company Secures $9.6 Million

By Amit Chowdhry ● Mar 19, 2024

Net recovery company G2 Reverse Logistics announced $9.6 million in seed funding led by Dell Technologies Capital. The funding round will enable sales and marketing investments to drive global growth strategies.

Agora Data Reveals $400 Million In New Funding Capacity Raised

By Amit Chowdhry ● Mar 19, 2024

Agora Data - a fintech company with a goal of enabling any car dealer to be a finance company by offering technology, capital, and guidance with predictable loan performance and analytics started this year with the successful closing of multiple company financial milestones.

Engrail Therapeutics: $157 Million Raised To Develop Transformational Therapies

By Amit Chowdhry ● Mar 19, 2024

Engrail Therapeutics - a precision neuroscience company focusing on developing transformational therapies to improve patients' lives - announced the closing of an oversubscribed $157 million Series B financing round. The funding round was co-led by new investors F-Prime Capital, Forbion, and Norwest Venture Partners, with participation from RiverVest Venture Partners, Red Tree Venture Capital, funds managed by abrdn, Ysios Capital, Longwood Fund, Eight Roads Ventures, and existing investor Pivotal Life Sciences.

IVP: 18th Fund Closed At $1.6 Billion

By Amit Chowdhry ● Mar 19, 2024

Venture capital firm IVP announced closing its 18th fund at $1.6 billion. The firm said that this fund is closing during a sweeping technological shift with AI at a time when capital markets are resetting. These periods create significant opportunities for companies with product market fit and organic momentum.

Coterie: Insurtech MGA Company Raises $27 Million

By Amit Chowdhry ● Mar 19, 2024

Coterie - an insurtech MGA making small business insurance easier - announced a raise of $27 million in a new funding round. The oversubscribed funding round includes new investments from Hiscox and existing investors such as Intact Ventures, Weatherford Capital, RPM Ventures, and others. With this funding round, Coterie has raised over $102 million.

Auguria Raises Seed Funding From SYN Ventures And S Ventures

By Amit Chowdhry ● Mar 19, 2024

Auguria, a cybersecurity artificial intelligence company, announced its emergence from stealth mode after more than two years of software platform development. Through an initial investment from SYN Ventures Seed Fund, Auguria is driving the transformation of traditional security operations by optimizing data for human and AI consumption with the industry's first vector-based cybersecurity platform for security operations data integration, transformation, and analytics.

Superlinked: $9.5 Million Secured To Turn Complex Data Into Vector Embeddings

By Amit Chowdhry ● Mar 19, 2024

Superlinked, a solution for turning complex data into vector embeddings, announced it has received $9.5 million in seed funding. Index Ventures led the round, with Theory Ventures significantly participating. 20Sales, Firestreak, and several prominent tech executives also participated.

Poseidon: Aquaculture Solutions Company Raises $20.75 Million

By Amit Chowdhry ● Mar 19, 2024

Poseidon Ocean Systems announced the completion of a $20.75 million Series B financing led by Ecosystem Integrity Fund (EIF), and joined by InBC Investment, along with additional support from existing shareholder Export Development Canada.

Kyte Closes Up To $250 Million In Asset-Backed Credit Financing

By Amit Chowdhry ● Mar 19, 2024

Kyte - a company that has cars delivered to you on-demand - announced the closing of an asset-backed credit financing of up to $250 million from Barclays Bank and Waterfall Asset Management. This fund source will accelerate the company's fleet growth and profitability.

Hippocratic AI: LLM For Healthcare Company Raises $53 Million At $500 Million Valuation

By Amit Chowdhry ● Mar 19, 2024

Hippocratic AI - a company building the first safety-focused Large Language Model (LLM) for healthcare - announced the closing of a $53 million Series A funding round at a $500 million valuation. This funding round brought the company’s total funding to $120 million.

BigID: AI-Driven Data Security And Compliance Company Raises $60 Million

By Amit Chowdhry ● Mar 18, 2024

BigID - a pioneer in AI-augmented data security, compliance and privacy for modern cloud-first enterprises - announced that it closed a $60 million growth round led by Riverwood Capital with participation by Silver Lake Waterman and Advent.

Carlsmed: AI-Enabled Personalized Surgery Company Raises $52.5 Million

By Amit Chowdhry ● Mar 18, 2024

Carlsmed - an AI-driven personalized surgery medical technology company - announced a $52.5 million Series C funding round co-led by B Capital and U.S. Venture Partners.

FlexPoint: Payments Automation Platform Company Raises $35 Million

By Amit Chowdhry ● Mar 18, 2024

FlexPoint - a payments automation platform designed for managed service providers (MSPs) and the businesses they work with - announced that it has raised $35 million of capital in the form of debt and equity to fund the growth of the company and a vision to provide MSPs with a financial platform to grow and run their businesses.

TheyDo: Customer Journey Management Company Raises $34 Million

By Amit Chowdhry ● Mar 18, 2024

Leading Journey Management platform company TheyDo announced it raised an additional $34 million in funding. Blossom Capital led the round, which included existing investors Arches Capital and InnovationQuarter, global customer experience evangelist Steven Van Belleghem, HighSage Ventures, and 20SALES.

Sealed Reveals Sealed Pro And $30 Million Funding Round

By Amit Chowdhry ● Mar 17, 2024

Sealed - a New York-based residential energy efficiency company - announced the launching of Sealed Pro and a $30 million funding round. The $30 million funding round was led by Keyframe Capital and Cyrus Capital, CityRock, Fifth Wall, and others joined them.

DraftWise: AI-Based Contract And Negotiation Platform For Lawyers Raises $20 Million

By Amit Chowdhry ● Mar 17, 2024

DraftWise - an AI-based contract and negotiation platform for lawyers - announced a $20 million Series A funding round led by Index Ventures, with additional support from existing investors Y Combinator and Earlybird Digital East Ventures.

Clique: Blockchain Data Computing Company Secures $8 Million

By Amit Chowdhry ● Mar 17, 2024

Clique - an infrastructure company that is powering secure and data computing for blockchains - announced a successful Series A funding round of $8 million led by Polychain Capital to build a compute coordination network that transforms the way on-chain and off-chain applications access compute and data.

Lily AI: Retail AI Platform Closes $20 Million

By Amit Chowdhry ● Mar 17, 2024

Lily AI - a retail technology platform specializing in AI solutions for retailers and brands - announced the closing of a $20 million Series B-Prime funding round led by Conductive Ventures with participation from new investors Counterpart Ventures, Cendana Capital, and Transform Capital, and existing investors Canaan, Sorenson Capital, and NEA.

Pure Lithium: Lithium Metal Battery Company Raises $15 Million

By Amit Chowdhry ● Mar 16, 2024

Pure Lithium, a Boston-based lithium metal battery technology company, announced it raised a $15 million funding round from Oxy Low Carbon Ventures (OLCV), an Occidental (Oxy) subsidiary focused on advancing low-carbon technologies and business solutions. OLCV was the lead investor in Pure Lithium's Series A equity funding, which may raise an additional $15 million for a proposed total funding amount of $30 million.

X-Therma: $22.4 Million Raised To Develop Platform For Regenerative Medicine And Organ Transplantation

By Amit Chowdhry ● Mar 16, 2024

X-Therma - a company developing a breakthrough platform for regenerative medicine and organ preservation - announced it has completed an oversubscribed $22.4 million Series B funding round. This funding round was co-led by new investor Starling Locke Capital and fully supported by Series A lead investor LOREA AG, with participation from new/existing investors.

Liquid Metal Printing Company Fluent Metal Launches With $5.5 Million In Total Funding

By Amit Chowdhry ● Mar 16, 2024

Fluent Metal—a company developing production-grade liquid metal printing that removes the barriers to entry for metal additive manufacturing—has launched out of stealth with an additional $3.2 million in funding.

WarpStream Labs: Cloud Native Data Streaming Infrastructure Company Raises $20 Million

By Amit Chowdhry ● Mar 16, 2024

Cloud-native data streaming infrastructure company WarpStream Labs announced it raised $20 million in funding led by Greylock and Amplify Partners. The angel investors who joined the funding round include Ben Sigelman (Lightstep CEO), Spencer Kimball (CockroachDB CEO), and Barry McCardel (Hex Technologies CEO). WarpStream will be using the funding round to hire more talent, scale up its market team, and invest in product lines.

Quintessent: $11.5 Million Raised To Advance Optical Interconnect Technology

By Amit Chowdhry ● Mar 16, 2024

Quintessent - a silicon photonics and quantum dot laser company - announced it has closed on just over $11.5 million in an oversubscribed seed funding round. Osage University Partners (OUP) led the fund round with new investors such as M Ventures and joined existing investors Sierra Ventures, Foothill Ventures, and Entrada Ventures.

Omni: Business Intelligence Company Raises $20 Million From Theory Ventures

By Amit Chowdhry ● Mar 16, 2024

Business intelligence company Omni announced it has raised $20 million from Theory Ventures. Omni will use the funding to further build out its platform.

Pi Health: Oncology Clinical Trial Company Raises Over $30 Million

By Amit Chowdhry ● Mar 15, 2024

Pi Health - an oncology-driven health technology and clinical research company focused on transforming global access to medicines and clinical trials - announced over $30 million in Series A funding. Incubated as a subsidiary of BeiGene three years ago, Pi Health raised this funding in a round led by AlleyCorp and Obvious Ventures, with additional investments from Invus Capital and leaders in oncology from across the globe.

Joyride: Shared Mobility Company Raises $5.2 Million

By Amit Chowdhry ● Mar 15, 2024

Joyride - a shared mobility company - announced it raised $5.2 million in Series A funding. Yamaha Motors led this funding round, and it will be used to advance the global adoption of sustainable, connected, keyless, and trackable electric vehicles (EVs).

Tubulis: €128 Million Raised To Expand Therapeutic Potential Of Antibody-Drug Conjugates

By Amit Chowdhry ● Mar 15, 2024

Tubulis announced the successful completion of an upsized and oversubscribed €128 million ($138.8 million) Series B2 funding round. This funding round was co-led by EQT Life Sciences and Nextech Invest, on behalf of one or more funds managed by it, with participation from Frazier Life Sciences and Deep Track Capital and all existing investors, such as Andera Partners, BioMedPartners, Fund+, Bayern Kapital (with ScaleUp-Fonds Bayern), Evotec, coparion, Seventure Partners, OCCIDENT and High-Tech Gründerfonds (HTGF).