Startups

Flashpoint Therapeutics: $10 Million Closed To Develop Therapeutics For Cancer And Other Diseases

By Amit Chowdhry ● Oct 27, 2023

Flashpoint Therapeutics - a company developing nanotechnology-enabled therapeutics for cancer and other diseases - recently announced a $10 million seed funding round led by Beta Lab, a leading deep tech venture capital firm headquartered in Riyadh, Saudi Arabia, with participation from leading private equity investor Russell Carson’s CS Venture Opportunities Fund.

Castellum.AI: SaaS Compliance Platform Company Closes $4 Million In Funding

By Annie Baker ● Oct 27, 2023

Castellum.AI recently announced a $4 million seed investment led by Spider Capital with participation from NewFund, Remarkable Ventures, Cameron Ventures and new and existing angel investors. The funding round was oversubscribed by $1.5 million.

Flash Pack: Adventure Travel Company Secures $6.2 Million

By Annie Baker ● Oct 27, 2023

Flash Pack - an adventure-travel company specializing in boutique trips for solo travelers in their 30s and 40s - recently announced a $6.2 million funding round led by JamJar Investments and participation from existing investors PPF. Driven by a loneliness epidemic and the need for connection, the U.S. has become Flash Pack's fastest-growing market, with 60% of its total trip sales driven by demand from U.S. travelers. And the recent investment comes almost exactly three years after the pandemic forced the business into bankruptcy following a series of travel restrictions.

CoverForce: Independent Insurance Company Secures $5 Million

By Dan Anderson ● Oct 27, 2023

CoverForce - the first independent insurance platform bringing streamlined comparisons and one-click buying to commercial insurance - recently emerged from stealth mode, unveiling its comprehensive suite of products made specifically for agency networks, wholesalers, and software companies. And the company's infrastructure and easy-to-integrate API aim to provide digital access and one-stop comparison in an offline market with speed and accuracy.

Eve: Legal AI Assistant Raises $14 Million

By Annie Baker ● Oct 27, 2023

Eve has officially launched the industry's first personalized AI legal assistant fully trainable to suit the specific needs of law practice. Built with the latest large language models (LLMs) and pre-built legal skills, Eve automates away tasks like document review, case analysis, and legal research, enabling teams to focus on more strategic, high-value initiatives.

Censys: Intelligence Platform Company Raises $75 Million

By Amit Chowdhry ● Oct 27, 2023

Censys - a leading Internet Intelligence Platform for Threat Hunting and Exposure Management - recently announced it secured $75 million in new funding. The funding consisted of a $50 million Series C led by Decibel Partners, GV, Greylock, and Intel Capital - and included new investors Ascension Ventures, Four Rivers, and accounts managed by Hamilton Lane. Additionally, the $25M in debt funding was led by SVB Capital, Silicon Valley Bank, a Division of First Citizens Bank.

Auction.io: Auction And E-Commerce Solutions Company Receives Funding

By Amit Chowdhry ● Oct 27, 2023

Auction.io - a leading B2B SaaS provider of auction and e-commerce solutions - recently announced a substantial capital infusion that will propel its aggressive growth plans. The funding, sourced from a group of prominent investors and Venture Capital funds, including Agya Ventures, Adam Neumann (166 2nd Financial Services), Liquid 2 Ventures, Sam Parr (founder of The Hustle), SRM Development, and more, underscores the confidence in Auction.io's innovative technology and market potential.

Canopy Connect Secures $6.5 Million To Monitor Insurance Information

By Annie Baker ● Oct 27, 2023

Canopy Connect - a leading platform for collecting, verifying, and monitoring insurance information - recently announced it has closed a $6.5 million Series A funding round. The new funding round will enable the company to accelerate growth, increase product velocity, and build upon their success with the platform powering more than 3,500 companies across a broad range of verticals. Nevcaut Ventures led the round, with participation from Elefund, Nimble Partners, LocalGlobe, 9Yards Capital, Global FinTech Venture Partners, and more.

Sidework: Over $10 Million Raised And Rebrands From Backbar

By Annie Baker ● Oct 27, 2023

Sidework - a pioneering beverage technology company (formerly known as Backbar) - recently announced that it has closed new funding to bring their total raised to over $10 million. The new funding round was led by Cherubic Ventures with continuing participation from Finistere Ventures, SOSV, Outlander Labs, and Pathbreaker Ventures.

Rymedi: Blockchain-Backed Healthcare Data Company Raises $9 Million

By Dan Anderson ● Oct 27, 2023

Rymedi - a healthcare data exchange platform with advanced blockchain security - recently announced a Series A totaling $9 million with plans to expand the reach of their platform. The funding round was co-led by RW3 Ventures and White Star Capital, with participation from Blockchange Ventures, Avalanche's Blizzard Fund, and strategic angel investors from the healthcare industry.

Yourco: $2 Million Closed To Bridge The Communication Gap Between Non-Desk Employees

By Annie Baker ● Oct 26, 2023

Yourco - a pioneering SMS-based platform designed to bridge the communication gap between non-desk employees (those who work in the field, on the plant floor, or frontlines rather than behind a desk to do their job) and the front office - recently announced it successfully raised $2 million in a seed funding round. Indianapolis-based Ground Game Ventures led the funding round with additional support from Allos Ventures, Start Something Ventures, Elevate Ventures, and Flywheel Fund. This funding round will accelerate the company's mission to empower the 2.7 billion employees working outside an office with effective workplace communication and automation tools.

OnsiteIQ: Construction Intelligence Platform Company Raises $14 Million

By Annie Baker ● Oct 26, 2023

OnsiteIQ - a leading construction intelligence platform for commercial real estate investors, developers, and owners - recently announced the completion of a $14-million Series B financing round. The funding round was led by existing investor Vertical Venture Partners (joined by several its Limited Partners), with additional participation from leading real estate technology VC RET Ventures and Interplay VC.

PhaseV: $15 Million Closed To Optimize Clinical Trial Design And Analysis

By Dan Anderson ● Oct 26, 2023

PhaseV - a pioneer in causal machine learning (ML) technology that optimizes clinical trial design and analysis - recently announced that it has raised $15 million in funding, led by Viola Ventures and Exor Ventures, including participation from LionBird and a group of prominent angel investors.

hostU Receives Investment From Thirteen Castles

By Amit Chowdhry ● Oct 26, 2023

Thirteen Castles (a technology-focused investment firm) recently announced that it has agreed to lead an equity investment and establish a technology partnership to build the second phase of hostU's marketplace. hostU was launched out of Northwestern University's Entrepreneurship center called The Garage.

OrbiMed: $4.3 Billion In Commitments Raised

By Amit Chowdhry ● Oct 26, 2023

OrbiMed - a global healthcare investment firm - recently announced it has raised over $4.3 billion in commitments for its latest private investment funds, including OrbiMed Private Investments IX, OrbiMed Asia Partners V, and OrbiMed Royalty & Credit Opportunities IV. Consistent with their predecessors, the new funds enable OrbiMed to invest globally, from the seed stage for start-ups incubated by OrbiMed through growth capital opportunities.

Studio X Reveals New Accelerator Cohort To Support Next-Gen Climate Tech Startups

By Amit Chowdhry ● Oct 26, 2023

Studio X recently announced Cohort 3 of its Energy and Climate Tech Accelerator Program: AI Technology Systems, Austere Environmental, Economical Energy, Flexergy, Onvol, Project Geminae, and SeisWave. These startups are engaging in the 16-week program and gain access to cohort-exclusive programming and content, customized support and hands-on mentorship, actionable guidance, access to world-class industry experts, monetary support in the form of investment, etc. Through this accelerator program, Studio X seeks to propel these startups' growth and the resulting impact of their innovations.

Michigan Innovate Capital Fund Awards $18 Million To Startups

By Amit Chowdhry ● Oct 26, 2023

Lt. Governor Garlin Gilchrist II recently announced four Michigan nonprofit organizations will receive initial awards from the Michigan Innovate Capital Fund (MICF), a new program to continue growing a vibrant and robust entrepreneurial ecosystem in Michigan. Ann Arbor SPARK, Biosciences Research and Commercialization Center (BRCC), Invest Detroit, and InvestUP will receive $18 million in funding from the program, which the MSF Board approved in June 2023.

Noodle Cat Games: $12 Million Raised In Round Led By Hiro Capital

By Annie Baker ● Oct 26, 2023

Noodle Cat Games - a leading independent game development studio - recently announced the completion of its Series A funding round of $12 million led by Hiro Capital, with additional participation from Makers Fund, KRAFTON, and Sony Innovation Fund. Headed by gaming industry veterans from renowned studios such as Epic Games, Electronic Arts, and BioWare, the team has worked in leadership roles on legendary titles like Fortnite, Star Wars: The Old Republic, and Infinity Blade. Noodle Cat is excited to push forward development on their first original IP title, an innovative multiplayer Action RPG.

Basis: Accounting Firm AI Platform Company Raises $3.6 Million

By Noah Long ● Oct 26, 2023

Basis - an AI platform for accounting firms - has recently emerged from stealth with a $3.6 million seed round led by Better Tomorrow Ventures with participation from BoxGroup, Avid Ventures, several top accounting firms, and leaders from the accounting and machine learning communities.

Cosmos Innovation: $19.7 Million Raised To Build Next-Generation Perovskite Silicon Tandem Solar Cell Technology

By Amit Chowdhry ● Oct 25, 2023

Cosmos Innovation - an AI-first company building next-generation perovskite silicon tandem (PST) solar cell technology - recently announced $19.7 million in total funding. The funding will support the company's fundamentally different approach to developing perovskite silicon tandem solar cell technology.

CARI Health Receives $2.8 Million Grant To Enhance Remote Medication Monitoring

By Amit Chowdhry ● Oct 25, 2023

Digital health startup CARI Health was recently awarded an SBIR Fast Track grant from the National Institute on Drug Abuse (NIDA), an agency of the National Institutes of Health (NIH), to help it market the world’s first wearable medication monitor. And CARI Health is eligible for up to $2.8 million over three years as project milestones are completed within Phase I and Phase II portions of the grant.

flyExclusive: $30 Million Investment Received From State Of North Carolina

By Annie Baker ● Oct 25, 2023

flyExclusive - a leading provider of premium private jet charter experiences - recently announced that Global Transpark secured a $30 million investment from the State of North Carolina for a cutting-edge pilot training center and headquarters. This new facility is designed as a five-story complex containing up to five full-motion flight simulators. This enables the company to train and certify its pilots and reduce a lengthy backlog in the nation’s pilot training pipeline.

Compliance Risk: $3.5 Million Raised From Bellini Capital

By Noah Long ● Oct 25, 2023

Compliance Risk - the only Governance-as-a-Service solution created by MSPs for MSPs - recently announced it received a $3.5 million investment from Bellini Capital and will rebrand to Compliance Scorecard.

BankTech Ventures: $13.5 Million Invested In Six Fintech Companies

By Annie Baker ● Oct 25, 2023

BankTech Ventures - a strategic investment fund focused on enhancing community banks - recently announced its continued commitment to community banks’ more vibrant futures with a total investment of $13.5 million in six fintech companies in the second half of this year. And BankTech has invested more than $40 million in companies specifically selected due to their work with community banks. The new investments are focused on helping community banks in revenue, deposit growth, security, compliance, data analysis, and customer marketing.

University Of Alberta: New Fund Launched To Invest In Startups

By Amit Chowdhry ● Oct 25, 2023

The University of Alberta recently launched a new fund to invest in startup ventures to solve the world's complex challenges and diversify Alberta’s economy, providing much-needed funding and more support for innovators and entrepreneurs. And the University of Alberta Innovation Fund - which private donors and public partners support - will work with startups to mobilize the university’s research expertise, innovation, and creativity.

Butler University, gener8tor, And TechPoint Unveil Education And Workforce Innovation Accelerator

By Annie Baker ● Oct 25, 2023

Five startup companies will receive $100,000 each thanks to a new accelerator program focused on transforming education and workforce learning, especially with advanced technology. And this funding will be provided through a new partnership between Butler University, gener8tor (a global venture firm that operates accelerator programs), and TechPoint.

FieldPulse: Field Service Management Platform Company Raises $21 Million Series B

By Amit Chowdhry ● Oct 25, 2023

FieldPulse - a leading software provider in the ﬁeld service industry - recently announced a $21 million Series B funding round led by Fulcrum Equity Partners. The round included continued participation from current investors, Capri Ventures and Superseed Ventures.

Adlumin: Security Operations Platform Raises $70 Million

By Amit Chowdhry ● Oct 24, 2023

Adlumin - a security operations platform and managed detection and response (MDR) provider keeping mid-market organizations secure - recently announced that it closed $70 million in Series B funding led by SYN Ventures, with participation from First In Ventures, Washington Harbour Partners, and BankTech Ventures. This funding round brings the company’s total raised since inception to $83 million.

Island: $100 Million Raised At $1.5 Billion Valuation To Advance Enterprise Browser Market

By Amit Chowdhry ● Oct 24, 2023

Island - a pioneer and leader in the enterprise browser market - recently announced that it has raised $100 million in its Series C financing round, which values Island at $1.5 billion. The round was led by Prysm Capital and joined by Canapi Ventures and Island’s current funding partners Insight Partners, Stripes, Sequoia, Cyberstarts, and Georgian. This latest funding round brings Island’s total outside investment to over $325 million.

Ternary: Multicloud Spend Management Company Closes $12 Million

By Dan Anderson ● Oct 24, 2023

Following a year that saw over 300% growth in a customer base that includes the world’s largest enterprises and MSPs, multi-cloud spend management platform company Ternary announced today that it has closed a $12 million Series A funding round to expand its FinOps-native platform, which enables finance, engineering, and cloud operations at scale. This funding round was led by Jump Capital, with continued support from existing investors Fin Capital, RiverPark Ventures, Great Oaks Venture Capital, and Gaingels. Ternary welcomes Jump Capital’s Saaya Nath and Fin Capital’s Logan Allin to its board of directors.