Startups

Fibracast: $44.6 Million Round Closed To Advance Membrane Technologies For Wastewater Treatment

By Annie Baker ● Nov 1, 2023

Fibracast - a leading developer and manufacturer of innovative membrane technologies for advanced water and wastewater treatment - announced that it has closed a $44.6 million issue of Class A Preferred Shares.

Assureful: E-Commerce Insurance Provider Closes $1.5 Million

By Annie Baker ● Nov 1, 2023

Assureful - the first insurance provider built exclusively for Amazon and eCommerce sellers - recently announced it has closed a $1.5 million pre-seed funding round led by Markd. The funding round also included participation from Greenlight Re Innovations.

Abridge: Clinical Documentation Company Secures $30 Million

By Amit Chowdhry ● Oct 31, 2023

Abridge - a leader in generative AI for clinical documentation - recently announced a Series B raise of $30 million, led by Spark Capital. The funding round also included existing investor Bessemer Venture Partners, as well as several leading healthcare innovators, including CVS Health Ventures, Kaiser Permanente Ventures, Lifepoint Health, Mayo Clinic, SCAN Group, UC Investments (University of California), and the American College of Cardiology.

Klu: LLM Application Platform Company Raises $1.7 Million

By Amit Chowdhry ● Oct 31, 2023

Klu - a leading large language model (LLM) application platform for building, evaluating, and optimizing AI applications - recently announced that it has raised a $1.7 million pre-seed funding round led by Firstminute Capital. Scouts from top VC firms, including a16z, Sequoia Capital, Craft Ventures, and Atomico, also participated alongside angel investors from Superhuman, IBM, Productboard, and other leading technology companies.

Abingworth: Transatlantic Life Sciences Investment Firm Closes $356 Million

By Amit Chowdhry ● Oct 31, 2023

Abingworth - a leading international life sciences investment group, part of global investment firm Carlyle - recently announced the final closing of its new Clinical Co-Development Co-Investment Fund at $356 million. Abingworth Clinical Co-Development Co-Investment Fund (CCD-CIF) was significantly oversubscribed, exceeding a target of $300 million.

1337: $4 Million Raised To Connect Niche Communities

By Annie Baker ● Oct 31, 2023

1337 - a generative AI platform committed to connecting niche communities through hyper-personalized interests - recently emerged from stealth today with the announcement of a $4 million pre-seed round. The investors include Credo Ventures, GFR Fund, Treble Capital, Roosh Ventures, and individuals including Hugging Face CEO Clément Delangue and impact investor Natalia Vodianova.

LyGenesis: $19 Million Closed To Develop Cell Therapies

By Annie Baker ● Oct 31, 2023

LyGenesis - a clinical-stage biotechnology company developing cell therapies for patients with end-stage liver disease, type 1 diabetes, end-stage renal disease, and aging - recently announced it had raised more than $19 million in a Series A-2 financing round led by Prime Movers Lab, investors in breakthrough scientific startups, with follow-on funding from Juvenescence.

xtype: Agile Software Delivery Company Secures $10.8 Million

By Noah Long ● Oct 31, 2023

Agile software delivery company xtype recently announced that it had secured additional funding following a stellar year of growth in the business, having achieved four times revenue growth over the last 14 months and a significantly increased market presence. Columbia Capital and Innerloop Capital led this funding round, and it saw participation from SaaS Ventures and other investors. Specializing in enterprise clients using ServiceNow, xtype will be able to use the new funding round to meet increased demand and expand product development.

LegalMation: $15 Million Raised To Advance Generative AI-Driven Solutions For High-Volume Litigation

By Dan Anderson ● Oct 31, 2023

LegalMation - a market leader in Generative AI-driven solutions for high-volume litigation - recently announced it has raised a $15 million Series A financing round led by the venture capital team at Aquiline Capital Partners LP, Aquiline Technology Growth, with continued participation from existing investors Motley Fool Ventures, REV Venture Partners, Key Venture Partners, Quick Set LLC, and Brentwood Investments.

Matter Bio Receives Investment From LifeSpan Vision Ventures

By Annie Baker ● Oct 31, 2023

LifeSpan Vision Ventures recently announced an investment in Matter Bio, a longevity holding company focused on preserving genome integrity. At the center of the company's philosophy is that as we age, the genome is constantly being damaged by exogenous and endogenous sources.

Opal Camera: $17 Million Closed To Look And Sound Professional On Video Calls

By Dan Anderson ● Oct 30, 2023

Opal Camera recently announced the completion of its Series A funding round, totalling $17 million. This funding round was led by Founders Fund, with continued participation from Kindred Ventures and other notable investors, including renowned tech creators Marques Brownlee and Casey Neistat.

Preczn: Financial Services Company Raises $6.8 Million

By Annie Baker ● Oct 30, 2023

Preczn - a leading financial services Command Center specializing in vertical SaaS platforms - recently announced the successful acquisition of $6.8 million in funding. The recent funding round was led by Flyover Capital and Blank Ventures, with notable participation from Grand Ventures, Gilgamesh Ventures, SaaS Ventures, Rosecliff Ventures, Nelnet Ventures, among others.

Twelve Labs: Video Understanding Company Secures $10 Million

By Annie Baker ● Oct 30, 2023

Video understanding company Twelve Labs recently announced the debut of game-changing technology along with the release of its public beta. Along with the company’s latest advancements, Twelve Labs disclosed a $10 million strategic investment. Investors such as NVentures (NVIDIA's venture capital arm); Intel, Samsung Next, and others see Twelve Labs' technology as driving the future of video understanding. This investment, in alignment with the company, will create novel opportunities and exciting product integrations that will change the video landscape.

Triple-A: Digital Currency Payment Company Secures $10 Million

By Annie Baker ● Oct 30, 2023

Global digital currency payment company Triple-A recently announced their US$10 Million Series A funding round today. Leading the funding round are repeat investors Peak XV Partners (formerly known as Sequoia India & South East Asia), along with the strategic backing of Shorooq Partners, one of MENA's leading technology investors.

Sage: $15 Million Closed To Improve Care Quality For Older Adults

By Noah Long ● Oct 30, 2023

Sage - a technology company reinventing care for older adults through its unified care coordination platform, has raised $15 million in Series A funding led by new investor Maveron. The round includes all major investors, including Goldcrest Capital, ANIMO Ventures, and Distributed Ventures. Natalie Dillon, partner at Maveron, will join the Sage board of directors as the first outside board member.

Threedium: 3D Developer Tool Company Closes $11 Million In Funding

By Dan Anderson ● Oct 30, 2023

Threedium - a market leader in 3D/AR high-fidelity assets that's changing the face of e-commerce on web and mobile - recently announced the closing of its Series A funding with $11 million investment. The funding round was led by Interpublic Group and Olma Partners with additional support from Mesh Consensys, Reflexive Capital, Nirvana Family Office, Lyra Ventures, Edenbase, and Kinisis Venture Fund I.

Rampart Bioscience: $85 Million To Create Medicines For Patients With Debilitating Diseases

By Annie Baker ● Oct 30, 2023

Rampart Bioscience - a biotechnology company developing next-generation biologics - recently announced an $85 million Series A financing to create medicines to unburden patients from disease and their treatments. And the new funding round builds on an initial $40 million seed investment from OrbiMed. Rampart’s DNA-based medicines platform HALO was inspired and developed using cues from nature to overcome the key limitations and safety concerns of viral and early non-viral gene approaches.

Eavor Technologies: $182 Million In Financing Completed

By Amit Chowdhry ● Oct 30, 2023

Eavor - a pioneer in advanced geothermal energy solutions - recently announced the successful completion of $182 million in financing. This significant funding round will enable Eavor to accelerate the development and deployment of its revolutionary geothermal technology.

RadiantGraph: $5 Million Raised To Drive Consumer Engagement For Health Plans

By Dan Anderson ● Oct 30, 2023

RadiantGraph - a platform using machine learning and artificial intelligence to drive consumer engagement for health plans - recently announced its launch after raising $5 million in seed funding in a round led by True Ventures and XYZ Ventures, with participation from Remus Capital. This funding round will be used to accelerate growth, which includes partnering with new healthcare organizations and advancing their enterprise health and health plan product offerings.

Keyfactor: Minority Investment From Sixth Street Raised At $1.3 Billion Valuation

By Amit Chowdhry ● Oct 27, 2023

Keyfactor - the identity-first security solution for modern enterprises - recently announced it has secured a significant minority investment from Sixth Street Growth (the growth investing platform of Sixth Street) at an enterprise value of approximately $1.3 billion. Along with this funding round, Bo Stanley and Alex Katz at Sixth Street will join Keyfactor’s Board of Directors. And Sixth Street’s investment reinforces Keyfactor’s leading position in the digital identity market and will be a further catalyst for growth.

QuoteWell: Commercial Insurance Wholesale Brokerage Company Raises Over $15 Million

By Annie Baker ● Oct 27, 2023

QuoteWell - a tech-enabled commercial insurance wholesale brokerage at the forefront of innovating the distribution side of insurance - recently announced the launch of its brokerage operations to serve independent retail agents. And QuoteWell helps agents who are often overlooked and given poor customer service due to low premiums associated with their accounts and provides best-in-class in-house brokers for efficiently finding and placing the risk.

Aleph: $16.7 Million Closed To Advance Next-Gen Financial Planning Platform

By Noah Long ● Oct 27, 2023

Aleph - a source of truth for finance teams - recently emerged from stealth with $16.7 million in financing. This funding round was led by Bain Capital Ventures (BCV) with participation from existing investors Khosla Ventures, Picus Capital, and Y Combinator, including angel investors and current customers.

Koop Technologies: Insurance Tech Company Receives Strategic Investment From Hyundai And Kia

By Annie Baker ● Oct 27, 2023

Koop Technologies - an insurance technology company focused on the robotics ecosystem - recently announced a strategic investment from Hyundai Motor Company and Kia Corporation to boost product development and distribution capabilities for autonomous vehicles and robotics.

Hull Street Energy: Strategic Investment In Upstream Tech

By Dan Anderson ● Oct 27, 2023

Hull Street Energy recently announced it has invested strategically in Upstream Tech. Upstream Tech’s team has an extensive successful track record in software engineering and environmental analysis.

FlyGuys: Data-Capture Technology Company Closes $10 Million

By Amit Chowdhry ● Oct 27, 2023

FlyGuys - a reality data-capturing technology company based in Louisiana - recently announced the closing of its Series A funding round, securing an investment of $10 million. This substantial funding round will catalyze relentless innovation, create a scalable software solutions platform, and strengthen the company's nationwide influence.

CentML: $27 Million Closed To Improve The Cost Of Deploying Machine Learning Models

By Noah Long ● Oct 27, 2023

CentML - a software platform that dramatically improves the performance and cost of deploying ML models - recently announced the completion of a $27 million seed round. This funding round was led by Gradient Ventures, Google's AI-focused venture fund, with participation from Radical Ventures, NVIDIA, Deloitte Ventures, and Thomson Reuters Ventures.

Harmony Games: Mobile Puzzle Gaming Company Raises $3 Million

By Annie Baker ● Oct 27, 2023

Harmony Games - a visionary game development studio with a unique approach to the mobile puzzle gaming market - recently announced the successful closure of its seed round funding, raising an impressive $3 million. The funding round was led by Griffin Gaming Partners, one of the industry's most prominent venture capital firms, alongside notable investors, Kristian Segerstrale, and Akin Babayigit.

Greater Good Health: $20 Million Secured For Addressing Primary Care For Seniors

By Annie Baker ● Oct 27, 2023

Greater Good Health - a healthcare organization enabling and expanding access to value-based care for seniors through a Nurse Practitioner-led model - recently announced it has closed a $20 million Series A financing led by Flare Capital Partners. And Greater Good Health received participation from existing investors, including LRVHealth, Health Velocity Capital, Martin Ventures, and Optum Ventures, as well as from new strategic investors.

FounderSix: Beauty Brand Incubator Secures $12 Million

By Dan Anderson ● Oct 27, 2023

FounderSix - a beauty brand incubator co-founded by Oli Goulden and Pieter Wittgen - recently announced a significant funding milestone. KD Capital (a venture capital firm with a track record of supporting groundbreaking startups) has made a substantial $12 million investment in FounderSix. And this investment marks a transformative moment for FounderSix, enabling the company to extend its proven model and introduce exciting new influencer-led beauty brands.

Aliro Quantum: Funding Received From Cisco Investments

By Noah Long ● Oct 27, 2023

Aliro Quantum recently announced that Cisco Investments has joined its latest round of funding. Cisco is joining Accenture Ventures and lead investor Flybridge Leaders Fund to invest in Aliro Quantum. With this funding round, Aliro Quantum will increase investments in research and development and expand its go-to-market programs and professional services offerings.