Startups

Splash: Peer-To-Peer Sports Strategy Game Company Secures $14.1 Million

By Annie Baker ● Feb 1, 2024

Splash - the largest independent provider of peer-to-peer sports strategy games in the US with over 2 million active users - announced the closing of a Series A-2 Funding Round of $14.1 million, with investment from venture firms Boston Seed, Velvet Sea Ventures, K5, Elysian Park, Acies Investments, Accomplice, Counterview and others.

Heart Aerospace: Hybrid Electric Airplane Maker Company Raises $107 Million

By Dan Anderson ● Feb 1, 2024

Swedish hybrid-electric airplane maker Heart Aerospace announced it raised a total of $107 million in Series B funding, representing another significant stepping stone toward sustainable regional air travel.. And the new funding round brings the total financing raised by Heart Aerospace since its inception to $145 million.

Spearmint Energy And Nuveen Partner To Enhance Battery Storage Portfolio Development

By Amit Chowdhry ● Feb 1, 2024

Spearmint Energy - a next-generation renewable energy company enabling the clean energy revolution through battery energy storage - announced the addition of Nuveen to its $200 million enhanced credit facility with Aiga Capital Partners.

Kafene: $15 Million Growth Capital From Trinity Capital

By Amit Chowdhry ● Feb 1, 2024

Trinity Capital - a leading provider of diversified financial solutions to growth-stage companies - announced the commitment of $15 million in growth capital to Kafene. This point-of-sale platform helps retailers offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements.

Oasis Security: Non-Human Identity Management (NIM) Solutions Company Raises $40 Million

By Amit Chowdhry ● Feb 1, 2024

Oasis Security - a leading provider of non-human Identity Management (NIM) solutions - announced that it raised a total of $40 million funding led by Sequoia Capital, along with Accel, Cyberstarts and Maple Capital. And Guy Podjarny, founder of Snyk, and Michael Fey, Co-Founder and CEO of Island, also participated in the financing.

Accompany Health: $56 Million Raised To Help Care For Low-Income Patients

By Amit Chowdhry ● Feb 1, 2024

Accompany Health - a primary, behavioral, and social care provider for low-income patients with complex needs - recently announced it launch with $56 million in Series A funding from investors including Venrock, ARCH Venture Partners, IVP, Granite Capital Management, and Evidenced. And the company recently began serving 8,000 patients in Detroit in partnership with a major national health plan.

MIC Global: Embedded Microinsurance Company Secures $6 Million

By Noah Long ● Feb 1, 2024

MIC Global (MIC) - a full stack embedded microinsurance provider - announced it raised a $6 million seed funding round. The funding round was led by Launchpad Capital and joined by Greenlight Re Innovations, Ironsides Partners, and existing investors. The funding will drive MIC Global’s growth plans, including infrastructure, talent, and market expansion investments.

Why Accenture Is Investing In Tenchi Security

By Annie Baker ● Feb 1, 2024

Accenture announced it had made a strategic investment through Accenture Ventures in Tenchi Security, a third-party cyber risk management company. And Accenture will leverage Tenchi’s SaaS platform as a new component of its managed security services offering to help organizations reduce cyber risks across their supply chain.

NeoPhore: Small Molecule Neoantigen Immuno-Oncology Company Raises £9.6 Million

By Dan Anderson ● Feb 1, 2024

NeoPhore Limited - a small molecule neoantigen immuno-oncology company - announced a further extension of £9.6 million (approx. USD $12.2m) to its Series B financing round.

Zum: $140 Million Funding, $350 Million Total Raised, And $1.3 Billion Valuation

By Amit Chowdhry ● Feb 1, 2024

Zūm - a leading provider of modern student transportation - announced a $140 million Series E funding round. GIC, a leading global investment firm, led this new funding round. And Climate Investment and existing investors, including Sequoia and SoftBank Vision Fund 2, also joined the round, elevating the company's valuation to $1.3 billion — a major increase from its previous series D raise in Oct 2021. This round brings Zum's total fundraising to $350 million.

Indemn: AI-Powered Conversational Insurance Platform Company Raises $1.9 Million

By Annie Baker ● Jan 31, 2024

Indemn (a pioneering insurtech platform) announced it has raised a $1.9 million pre-seed funding round, marking its continued growth in delivering insurance products through natural conversation powered by AI. The funding round was led by Markd, with participation from Afterwork Ventures, Everywhere Ventures, and a group of prominent entrepreneurs and insurance leaders from Australia and the U.S.

Hivello: Decentralized Physical Infrastructure Networks Company Raises $2.5 Million

By Annie Baker ● Jan 31, 2024

Hivello - a company that is at the cutting edge of Decentralized Physical Infrastructure Networks (DePIN) - announced an upsized funding round, raising an additional $1.5 million and bringing the total raised in the prior four weeks to $2.5 million.

Modern Benefits Company Benepass Raises $20 Million

By Noah Long ● Jan 31, 2024

Benepass - a flexible benefits platform for people-first companies - announced that the company has raised $20 million in additional funding led by Portage and Clocktower Technology Ventures. Workday Ventures and existing investors Threshold Ventures and Gradient Ventures also joined the funding round. And in connection with the funding, Stephanie Choo, Partner at Portage has joined the Benepass Board of Directors.

Fora: Executive Relationship Management Company Secures $3.8 Million

By Annie Baker ● Jan 31, 2024

Fora - an innovative executive relationship management (ERM) platform that is poised to transform C-suite decision-making through cutting-edge AI technology - announced it has emerged from stealth to pioneer an AI-driven approach to leadership and is backed by $3.8 million in pre-seed funding led by Converge.

LoanStar Technologies: Embedded Lending Company Raises $28 Million

By Annie Baker ● Jan 31, 2024

LoanStar Technologies - a leading financial technology company focused on embedded lending - announced it agreed to raise approximately $28 million of growth equity from a group of strategic investors, including approximately $20 million from Sageview Capital and the remainder from a mix of existing and new partners including, Launch Credit Union (via their wholly owned CUSO Holding Company), TruMark Financial Credit Union, Ben Franklin Technology Partners of Southeastern Pennsylvania, and Monarch Strategic Advisors.

DUPR: Pickleball Rating Company Raises $8 Million

By Amit Chowdhry ● Jan 31, 2024

DUPR (Dynamic Universal Pickleball Rating), which is pickleball's most accurate international rating system, has announced a new board, ownership, and investors, and an influx of $8 million in funding to further advance its mission to unify the fast-growing sport with innovative technology and a dynamic global rating.

AVLA: $25 Million Raised To Accelerate International Growth Strategy

By Noah Long ● Jan 31, 2024

AVLA (a global insurance group) and Creation Investments Capital Management (a leading global impact investor in emerging markets) announced Creation's participation in a $25 million equity round to support further AVLA's international growth strategy and its plans to enter the U.S. market.

Aim Security: $10 Million Raised To Offer Enterprises A GenAI Security Platform

By Amit Chowdhry ● Jan 31, 2024

Aim Security - an Israel-based cybersecurity startup offering enterprises a holistic one-stop shop GenAI security platform - announced $10 million in seed funding. The funding round was led by YL Ventures, with participation from CCL (Cyber Club London), the founders of WIZ, and angel investors from Google, Proofpoint, and Palo Alto Networks. Aim Security was founded by cybersecurity veterans Matan Getz, CEO, and Adir Gruss, CTO - who pioneered using and adopting AI and big data tools in the IDF’s elite intelligence Unit 8200.

Incognia: Location Identity Solutions Company Raises $31 Million

By Amit Chowdhry ● Jan 31, 2024

Incognita - an innovator in location identity solutions - announced today that it closed $31 million in Series B funding led by Bessemer Venture Partners, with participation from FJ Labs and existing investors, including Point72 Ventures, Prosus, and Valor Capital.

HDM Solar: Renewable Energy Product Wholesaler Raises £10.2 Million

By Dan Anderson ● Jan 30, 2024

HDM Solar - one of the UK's fastest-growing wholesalers of renewable energy products - announced a major £10.2 million funding boost led by a multi-million-pound equity investment from Angel Invest in Berlin and supported by UK-based DF Capital.

Haven Energy: Climate Tech Company Raises $7 Million

By Amit Chowdhry ● Jan 30, 2024

Haven Energy - a climate tech company that is accelerating the adoption of home battery systems - announced a total of $7 million in Series A funding. The funding round includes returning investors Lerer Hippeau, Giant Ventures, and Raven One Ventures, and new participation from Comcast Ventures, LifeX, TO VC and Habitat Partners.

Generation Lab Raises Funding And Emerges From Stealth Mode

By Amit Chowdhry ● Jan 30, 2024

Generation Lab - a company that is extending the human healthspan with the first test based on biomedical evidence that measures an individual’s biological age progression - has officially launched today out of stealth. And the company is announcing its pre-seed funding and the opening of its test kit waitlist.

Inari: $103 Million Raised To Transform The Food System Through Positive Change

By Amit Chowdhry ● Jan 30, 2024

Inari announced the completion of a $103 million fundraise, bringing its cumulative equity raised to more than $575 million. The successful funding round signals confidence in Inari's ability to develop and commercialize higher-yielding seeds that require fewer resources, using AI-powered predictive design and multiplex gene editing.

Inoviv: Funding Raised To Expand Quantitative Proteomics Product Offerings

By Annie Baker ● Jan 30, 2024

Biomarker company Inoviv announced it has secured significant funding from venture capital firm Hoxton Ventures and leading investment manager Foresight Group to expand the delivery of highly accurate, fully quantitative targeted biomarker workflows and panels.

Enterprise Therapeutics: £26 Million Series B Follow-On Financing Raised

By Noah Long ● Jan 30, 2024

Enterprise Therapeutics - a biopharmaceutical company dedicated to the discovery and development of novel therapies to improve the lives of patients suffering from respiratory disease - announced that it has closed a £26 million ($33.1 million USD) Series B follow-on financing round, led by Panakes Partners. And existing investors Versant Ventures, Novartis Venture Fund, Forbion, Epidarex Capital and IP Group also participated.

Kore.ai: Enterprise Conversational AI Company Raises $150 Million Strategic Growth Funding

By Amit Chowdhry ● Jan 30, 2024

Kore.ai - a leader in enterprise conversational and generative AI platform technology - announced $150 million in funding. This strategic investment was led by FTV Capital, a sector-focused growth equity investor with a successful track record of over 25 years investing across enterprise technology and with participation from NVIDIA and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedie.

Cultivo: $14 Million Secured To Accelerate Investment Into Nature At Scale

By Annie Baker ● Jan 30, 2024

Cultivo announced it has raised $14 million in Series A funding to accelerate its mission to unlock investment into regenerating nature at scale through high-quality projects. This funding round, co-led by MassMutual Ventures and Octopus Energy Generation, with participation from Salkantay Ventures and Peña Verde, will speed up the business’ growth and bring Cultivo’s total funding to over $20 million.

Lyten: $4 Million Grant Secured From Department Of Energy

By Noah Long ● Jan 30, 2024

Lyten - a supermaterial applications company and leader in 3D Graphene materials - announced it has secured a $4 million grant from the U.S. Department of Energy (DoE) to accelerate the manufacturing of its advanced lithium-sulfur battery technology.

COUR Pharmaceuticals: $105 Million Raised To Develop Therapies Designed To Reprogram The Immune System

By Amit Chowdhry ● Jan 30, 2024

COUR Pharmaceuticals - a clinical-stage biotechnology company focused on the development of ﬁrst-in-class, disease-modifying therapies designed to induce antigen-speciﬁc tolerance for immune-mediated diseases - announced the closing of a Series A investment round, securing about $105 million in financing.

Compliance Risk Concepts Raises Strategic Investment From MidOcean Partners

By Noah Long ● Jan 30, 2024

Compliance Risk Concepts (CRC) - through its parent company Re-Sourcing Group - has received a significant investment from MidOcean Partners to advance its position as a valued compliance partner to the financial services industry.