Startups

PatientFi: Raises Significant Growth Investment From Questa To Provide Payment Solutions To Medical Practices

By Amit Chowdhry ● Feb 14, 2024

PatientFi - a company offering medical practices a comprehensive technology suite of payment and subscription solutions to help patients pay for elective procedures - announced the closing of a significant growth equity financing led by new investor Questa Capital (a venture growth equity firm focused on expansion-stage healthcare companies), with participation from the company’s existing investors.

Seal Security: Cybersecurity Company Raises $7.4 Million And Exits Stealth

By Amit Chowdhry ● Feb 14, 2024

Seal Security announced it has emerged from stealth with a $7.4 million seed funding round led by Vertex Ventures Israel, with participation from Crew Capital, PayPal Alumni Fund, and Cyber Club London.

Private Equity Firm Inyarek Partners Launches To Support Energy Transition

By Amit Chowdhry ● Feb 14, 2024

Inyarek Partners announced it has launched with a mission to identify and cultivate compelling asset development opportunities in support of the energy transition. Inyarek will look to capitalize opportunities via both direct investment vehicles and traditional commingled funds. Inyarek completed its first investment in partnership with high-quality institutional investors.

Rimere: Climate Solutions Company Secures $10 Million

By Dan Anderson ● Feb 14, 2024

Rimere (a climate solutions company with proprietary plasma technology) announced the closing of a $10 million strategic investment from Clean Energy Fuels. The funding round will accelerate the development and field testing of Rimere’s two independent devices, the Reformer and the Mitigator, that reduce climate change emissions and enable using natural gas to accelerate the transition to a clean hydrogen future.

Marqo: Vector Search Company Raises $12.5 Million

By Annie Baker ● Feb 14, 2024

Vector search company Marqo announced it had closed a $12.5 million Series A funding round led by Lightspeed with participation from Blackbird VC, January Capital, and Chronosphere founder and CTO Rob Skillington.

Sudo Biosciences: Second Close Of Upsized Series B Funding Round Completed, Bringing Total To $147 Million

By Amit Chowdhry ● Feb 13, 2024

Sudo Biosciences - a biopharmaceutical company committed to designing and developing best-in-class precision TYK2 (tyrosine kinase 2) inhibitors - announced that during January 2024, it completed a second close of its Series B financing, raising an additional $30 million from new investors Dementia Discovery Fund (DDF, a SV Health Investors Fund), Leaps by Bayer, and UPMC Enterprises (the innovation, commercialization and venture capital arm of UPMC). This brings the total funding round in this upsized round to $147 million.

BioAge: $170 Million Raised To Accelerate Development Of Metabolic Disease Therapeutics

By Amit Chowdhry ● Feb 13, 2024

BioAge Labs - a clinical-stage biotechnology company developing novel therapies for obesity and metabolic diseases by harnessing the biology of aging - announced the completion of an oversubscribed Series D financing round of $170 million led by Sofinnova Investments. New investors - including Longitude Capital, RA Capital, Cormorant Asset Management, RTW Investments, SV Health Investors, OrbiMed Advisors, Sands Capital, Pivotal bioVenture Partners, Osage University Partners, Lilly Ventures, and Amgen Ventures - also participated in the round along with existing investors including Andreessen Horowitz (a16z) Bio + Health.

Anatomy: $7.6 Million Secured To Build Financial Automation Platform For Healthcare Organizations

By Dan Anderson ● Feb 13, 2024

Anatomy Financial announced the launch of their AI-powered financial automation solutions for medical, dental, digital health, and healthcare billing companies. And Anatomy has raised $7.6 million in funding to build a financial operating system for healthcare from Lightspeed, Meridian Street Capital, Live Oak Ventures, Cambrian Ventures, Peterson Ventures, and angel investors with expertise across healthcare and fintech.

Areteia Therapeutics: $75 Million Raised To Expand Current Phase III Development Of Dexpramipexole In Eosinophilic Asthma

By Annie Baker ● Feb 13, 2024

Areteia Therapeutics announced $75 million in additional Series A financing to support expansion of the current Phase III development program of dexpramipexole in eosinophilic asthma, bringing total Series A funding to $425 million. Viking Global Investors and Marshall Wace joined the original syndicate of investors led by Bain Capital Life Sciences with participation from Access Biotechnology, GV, ARCH Venture Partners, Saturn Partners, Sanofi, Maverick Capital, and Population Health Partners.

Bob W: Hospitality Provider Company Raises €40 Million In Series B

By Amit Chowdhry ● Feb 13, 2024

Finnish tech-enabled hospitality operator Bob W announced its Series B funding of €40 million to revolutionize the European hospitality sector.

Aegir Insights: €8.5 Million Raised To Build Next-Gen Software To Accelerate Offshore Wind Investments

By Dan Anderson ● Feb 13, 2024

Aegir Insights (a leading provider of decision-making software, data, and intelligence for the offshore wind sector) announced it has raised €8.5M in Series A funding, led by Seaya Andromeda with the participation of Climentum Capital.

Antithesis Raises $47 Million To Transform How Software Is Tested And Debugged

By Amit Chowdhry ● Feb 13, 2024

Antithesis – a platform transforming how software is tested and debugged - launched out of stealth and announced $47 million in seed funding from Amplify Partners, Tamarack Global, and First In Ventures, with participation from angel investors including Michael Walrath, Founder of Right Media and Howard Lerman, Founder of Yext and Roam.

Beverage Company Odyssey Raises $6 Million

By Annie Baker ● Feb 13, 2024

Odyssey – the company behind an energy drink enriched with a potent blend of 2750mg of Lions Mane and Cordyceps mushrooms – announced the completion of a $6 million funding round. This funding round signifies a pivotal moment in the brand's journey and underscores the burgeoning support for its fusion of vitality and cognitive enhancement.

Nucleus Security: Risk-Based Vulnerability Management Platform Secures $43 Million

By Amit Chowdhry ● Feb 13, 2024

Nucleus Security - the developers of the market-leading Risk-Based Vulnerability Management platform – announced it has secured $43 million in Series B funding led by Arthur Ventures and Lead Edge Capital. This milestone marks a major leap forward in the company's mission to redefine how enterprises manage risk exposure from vulnerabilities across infrastructure, cloud, and application portfolios in one unified platform.

Incision Management Company BRIJ Medical Raises $5.5 Million

By Annie Baker ● Feb 13, 2024

BRIJ Medical (a leader in the incision management and support industry) has unveiled a strategic rebrand from Brijjit Medical to BRIJ Medical. And BRIJ Medical is introducing new technologies to minimize wound complications and improve scar therapy. The funding round was led by Tim Gleeson (Vidant Capital) and an impressive list of MedTech industry veterans.

Cardboard Spaceship: $1 Million Raised For Funding LaunchPad Ventures

By Annie Baker ● Feb 13, 2024

Cardboard Spaceship announced the launch of its newest strategic initiative, LaunchPad Ventures, which will operate as a private equity affiliate of the video production company. With an initial $1 million in capital, LaunchPad Ventures (via Cardboard Spaceship) will focus on creating cinematic content to meet the growing demand for quality digital assets available for licensing on digital platforms like Filmsupply.

Groover: Music Promotion Platform Company Raises $8 Million

By Noah Long ● Feb 13, 2024

Groover - an innovative music promotion platform – announced an $8 million Series A funding round, led by investors OneRagtime, Trind, Techmind, and MozzaAngels, and supported by historical backers, Partech, Bpifrance's Tech & Touch fund, Verve Ventures, and Frenchfounders. This new funding round will consolidate Groover's position as an all-in-one platform solution by integrating additional services such as promotion, marketing, coaching, and career development support to strengthen the company's strategic presence in the North American, European, and Latin American markets.

Exponential Markets Raises Strategic Investment From Citi

By Amit Chowdhry ● Feb 13, 2024

Today fintech company Exponential Markets (formerly branded Exponential Exchange) announced a strategic investment from Citi to develop and launch innovative risk mitigation tools. Citi invested in Exponential’s most recent seed round, led by MaC Venture Capital, and included support from Autotech Ventures and Avanta Ventures. This funding round raised the total amount to over $10 million.

Alys Pharmaceuticals: $100 Million Financing Raised From Medicxi

By Amit Chowdhry ● Feb 13, 2024

Alys Pharmaceuticals - an immuno-dermatology focused company - recently launched with an R&D pipeline enabled by multiple platform technologies and a $100 million financing by Medicxi. Originating from the aggregation of six asset-centric Medicxi companies, Alys features a robust pipeline of innovative programs and platforms targeting multiple dermatological indications.

LeoLabs: $29 Million Closed To Create Enhanced AI-Powered Insights For Space Operations

By Amit Chowdhry ● Feb 13, 2024

LeoLabs - a company with the largest and most comprehensive commercial catalog of objects in low Earth orbit - announced it raised an additional $29 million in financing. This latest funding round enables LeoLabs to scale up its insight delivery by further investing in advanced end-user applications and partner integrations.

Koloma: Geologic Hydrogen Company Raises $246 Million

By Amit Chowdhry ● Feb 13, 2024

Koloma - a geologic hydrogen company that utilizes its technology, proprietary data, and human capital advantages to identify and commercialize these resources globally - has raised $245.7 million in funding.

KaJ Labs And AGII Announce $25 Million Commitment To Create AI-Powered Products For Lithosphere Ecosystem

By Annie Baker ● Feb 12, 2024

KaJ Labs (a decentralized research organization) and AGII (a Web3 AI platform) announced a joint commitment of $25 million to develop AI-powered products for the Lithosphere (LITHO) Ecosystem.

Starship Technologies: $90 Million Raised To Build Delivery Robots

By Amit Chowdhry ● Feb 12, 2024

Starship Technologies - a company making science fiction a reality by putting delivery robots on streets in the US and Europe - announced it has raised $90 million, co-led by Plural and Iconical. The new funding round, which brings the total raised by Starship to $230 million since its creation in 2014, will be used to expand globally as Starship looks to take advantage of the unstoppable rise in demand for home deliveries.

Voyager Ventures Closes Select Fund I At $100 Million

By Amit Chowdhry ● Feb 12, 2024

Voyager Ventures - a VC firm investing in early-stage climate technology companies in North America and Europe - announced the closing of Voyager Partners Select I, LP at $100 million. This announcement follows Voyager's $100 million Fund I in April 2022, landing a total of $200 million to date to fund the future of a decarbonized global economy.

DASI Simulations: $5 Million Convertible Note Funding Round Closed

By Amit Chowdhry ● Feb 12, 2024

DASI Simulations - a medical technology start-up offering a novel AI-powered medical platforms to advance toward lifetime management and improved outcomes for structural heart interventions - announced it has closed it $5 million convertible note round. The company has now surpassed $7 million in funds raised.

Bugcrowd Raises $102 Million To Scale AI-Powered Crowdsourced Security Platform

By Amit Chowdhry ● Feb 12, 2024

Bugcrowd announced it has secured $102 million in strategic growth funding to scale its AI-powered crowdsourced security platform offerings globally. Led by General Catalyst - with participation from longtime existing investors Rally Ventures and Costanoa Ventures - this funding round underscores investor confidence in the company's leadership position in the crowdsourced security market.

Sensos: $20 Million Raised To Fruther Develop Proactive Supply Chain Management Solutions

By Amit Chowdhry ● Feb 11, 2024

Sensos (a Sony Semiconductor Israel spin-off) announced it has successfully closed its Series A funding round to develop a proactive supply chain management solution further. This funding round was led by Mitsui-backed Magenta Venture Partners, joined by JAL Ventures, with the participation of Israel Cargo Logistics and Sumitomo.

Omega: $6 Million Raised To Enable Users In Leveraging Cross-Chain Digital Assets

By Annie Baker ● Feb 10, 2024

Omega announced it has closed a $6 million funding round, marking a major milestone in its quest to integrate native Bitcoin into the decentralized finance (DeFi) landscape. This funding was spread across three investment rounds, featuring contributions from an impressive roster of participants including Lightspeed Faction, Borderless Capital, Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, and MH Ventures, and others.

AI.Fashion: AI-Based Fashion Industry Platform Company Raises $3.6 Million

By Amit Chowdhry ● Feb 10, 2024

AI.Fashion - a Y Combinator-backed leader in AI technology for the fashion industry - announced the early access launch of its latest innovation Persona by AI.Fashion, which comes shortly after raising a $3.6 million seed round led by Neo. And the addition of Persona to the AI.Fashion platform opens up new revenue streams for models by enabling them to book more work virtually and democratizing access to opportunities in the industry.

10Beauty: Autonomous Manicure Company Raises $38 Million

By Annie Baker ● Feb 9, 2024

10Beauty (the creator of the first full salon-quality manicure machine) announced it will launch at the end of this year, having secured $38 million in equity financing including a newly closed $17 million extension to their Series A led by Shine Capital. Imaginary Ventures, Lerer Hippeau and Red Sea Ventures led their previous funding rounds.