Startups

Eleos Health: Behavioral Health AI Leader Company Raises $40 Million

By Annie Baker ● Nov 21, 2023

Eleos Health - a leader in AI for behavioral health - recently announced a $40 million Series B funding round led by Menlo Ventures, with participation from F-Prime Capital, Eight Roads, Arkin Digital Health, SamsungNEXT and ION. Along with funding from existing investors aMoon and lool ventures, this funding round brings Eleos Health's total funding to $68 million.

Click Therapeutics: $20 Million Raised To Commercialize Software As Prescription Medical Treatments

By Dan Anderson ● Nov 21, 2023

Click Therapeutics - a leader in Digital Therapeutics as prescription medical treatments - recently announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A. And the term loan was partially drawn at closing, with the proceeds used to retire Click’s previous term loan. The undrawn balance remains fully available to help advance Click’s prescription digital therapeutic pipeline.

Payroll Integrations: $20 Million Raised To Support Employee Financial Wellness

By Amit Chowdhry ● Nov 21, 2023

Payroll Integrations - a technology company reimagining how employers support employees’ financial well-being through benefit automation - recently announced the closing of its $20 million Series A funding round. Arthur Ventures, a Minneapolis-based growth equity firm with deep expertise in B2B software, led the funding round.

Pantheon Vision: Bioengineered Corneal Implant Company Secures $2.5 Million

By Noah Long ● Nov 21, 2023

Pantheon Vision - an early-stage ophthalmic medical device company - recently announced it raised $2.5 million in seed financing from KeraLink International (KLI). The company is developing bioengineered implants to raise the standard of eye care globally and reduce reliance on donated corneal tissue, often unavailable in low- and middle-income countries (LMICs).

Boréas: Haptic Semiconductor Platform Company Raises $12 Million

By Amit Chowdhry ● Nov 21, 2023

Boréas Technologies - a pioneer in haptic semiconductor platforms - recently announced the closing of a US$12 million Series B financing round. And Boréas will use the funding round to accelerate the high-volume production of its ultra-low-power piezo haptic semiconductors in mobile, PC, and automotive applications.

Nowsta: $35 Million Raised To Build The Operating System For Gig Workforces

By Amit Chowdhry ● Nov 21, 2023

Nowsta - a technology company building the operating systems for gig workforces - recently announced a $35 million Series C financing round. This funding round coincides with the launch of Nowsta Staffing Labs, the biggest step yet toward transforming how employers source, hire, and manage pools of contingent workers.

CIVC Partners: $870 Million In Commitments Closed For Fund VII

By Amit Chowdhry ● Nov 21, 2023

CIVC Partners, L.P. - a Chicago-based middle market private equity firm - recently announced the completion of fundraising for its latest fund, CIVC Partners Fund VII, with $870 million of commitments. Launched in June 2023, Fund VII was oversubscribed and surpassed its initial target of $700 million.

ProJenX: $15 Million Secured To Develop Brain-Penetrant Therapies To Treat Amyotrophic Lateral Sclerosis And Other Brain Diseases

By Dan Anderson ● Nov 21, 2023

ProJenX - a clinical-stage biotechnology company developing novel, brain-penetrant therapies targeting biologically defined pathways for the treatment of amyotrophic lateral sclerosis (ALS) and other debilitating brain diseases - recently announced the initial closing of a $15 million Series A financing. Led by Medical Excellence Capital - which also led the company's seed financing round and created ProJenX in collaboration with Project ALS and researchers at Columbia University - the Series A funding round will fund the continued development of ProJenX's lead compound, prosetin, for the treatment of ALS.

Virdee: Guest Experience And Check-In Automation Company Raises $12.4 Million

By Amit Chowdhry ● Nov 20, 2023

Virdee - a leader in guest experience technology and check-in automation - recently announced that it has raised $12.4 million in an oversubscribed Series A funding round led by Moneta Ventures with participation from Silverton Partners, Koch Real Estate Investments, Alumni Ventures, DJR Advisors, Capital Factory and other strategic partners. And Virdee will use this funding round to further the company’s technological innovation with expanded product features and functionality while growing its workforce and deepening its presence in the hospitality sector.

Terray Therapeutics Receives Investment From NVIDIA

By Annie Baker ● Nov 20, 2023

Terray Therapeutics - a biotechnology company integrating scale experimentation and generative AI to improve the speed, cost, and success rate of small molecule drug discovery and development - recently announced an equity investment by NVentures, NVIDIA’s venture capital arm. Additional financing included a strong syndicate of new and existing institutional investors, including industry leaders John Maraganore, founding Chief Executive Officer of Alnylam Pharmaceuticals, and Bassil Dahiyat, founder and Chief Executive Officer of Xencor.

AristaMD: $16.5 Million Raised And Joins Forces With Sitka

By Noah Long ● Nov 20, 2023

AristaMD - a digital healthcare company specializing in eConsults and referral management services - recently announced it has joined forces with Sitka, a video-consult specialist network supporting value-based care providers, and the close of its latest financing to help expand cost-effective and timely specialty care.

Layer Health: MIT Spin-Off Raises $4 Million From GV, General Catalyst, And Inception Health

By Amit Chowdhry ● Nov 20, 2023

Layer Health is a healthcare AI company that spun out of MIT, and it is backed by $4 million in funding from GV (Google Ventures), General Catalyst, and Inception Health. The company's goal is to solve the information problem in healthcare.

StretchDollar Partners With Resolve Medical Bills To Help With Healthcare-Related Debt

By Amit Chowdhry ● Nov 20, 2023

There are nearly one-third of Americans who are dealing with healthcare-related debt, and about half of individuals’ medical debt exceeds $2,000. And to lessen the burden of healthcare costs for small business employees, health benefits startup StretchDollar has partnered with Resolve Medical Bills, a medical debt solution company.

TRAFiX: Strategic Growth Investment Raised From Marlin Equity Partners

By Amit Chowdhry ● Nov 20, 2023

TRAFiX LLC - a leading provider of order and execution management software (OEMS) and FIX connectivity solutions for the global capital markets - recently announced that it has secured a strategic growth investment from Marlin Equity Partners. The deal will enable the company to advance its market position through rapid product development, support its expansion goals, and make continued investments in its people and talent.

Ambyint: Artificial Lift Optimization Software Company Raises Funding

By Amit Chowdhry ● Nov 20, 2023

Ambyint - a leading provider of AI-powered production and artificial lift optimization software for the energy industry - recently announced the successful closure of its latest capital round and relocation of its head office to Calgary, Alberta.

Refine Intelligence: $13 Million Raised To Help Banks Reduce The Growing Costs Of Financial Crime

By Amit Chowdhry ● Nov 20, 2023

Refine Intelligence - a pioneer in Financial Crime Greenflagging - recently launched with a $13 million seed funding round led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures (the corporate venture capital arm of Valley Bank), and other investors including Ground Up Ventures.

Techstars NYC Accelerator Reveals 2023 Winter Class

By Amit Chowdhry ● Nov 20, 2023

Techstars New York City Accelerator recently announced the 12 remarkable companies selected for the Winter Class of 2023. The Founders of these innovative startups were carefully chosen for demonstrating exceptional promise. They will be participating in an immersive three-month mentorship-driven program where they will receive access to 125+ mentors and support across every facet of their business.

Falfurrias Capital Partners Invests In Synergy ECP

By Annie Baker ● Nov 20, 2023

Falfurrias Capital Partners recently announced a platform investment in Synergy ECP, a software engineering, cybersecurity, and systems engineering service provider for the U.S. Intelligence Community and Defense Department. Synergy ECP utilizes these capabilities to deliver essential support to a growing portfolio of National Security missions.

Summer: $68 Million Secured To Help People Buy Their Vacation Homes

By Annie Baker ● Nov 20, 2023

Summer is a company founded by former Airbnb employees offering an innovative approach to short-term rentals and vacation home ownership. And the company recently announced an $18 million funding round from a group of leading investors, including QED and Viola FinTech, and a secured debt facility of up to $50 million from Setpoint Capital.

Ascidian Therapeutics: $40 Million Closed To Treat Human Diseases

By Annie Baker ● Nov 20, 2023

Ascidian Therapeutics - a biotechnology company focused on treating human diseases by rewriting RNA - recently announced $40 million in Series A extension funding committed by Apple Tree Partners (ATP).

CFX Labs: Fintech Innovation Company Raises $9.5 Million

By Noah Long ● Nov 20, 2023

CFX Labs - a future leader in monetizing rapid and secure international payments markets currently operating a nationwide payment network - recently announced it has raised $9.5 million in seed funding. And CFX Labs raised funds from a diverse array of strategic partners, including Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Hard Yaka, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank & Trust, amongst others in an oversubscribed round.

Stellaromics: Spatial Multi-Omic Profiling Company Closes $25 Million In Funding

By Amit Chowdhry ● Nov 20, 2023

Stellaromics - a leading provider of in situ spatial multi-omics technology - recently announced that the company has raised $25 million in a Series A financing round. The Series A funding round included Plaisance Capital Management and a private family office based in Silicon Valley.

BioPhy: $4.5 Million Raised To Use AI For Accelerating The Development Of Promising Drug Candidates

By Amit Chowdhry ● Nov 20, 2023

BioPhy recently launched its AI operating system to radically accelerate the identification and developing of the most promising drug candidates. And by combining scientific, clinical, and regulatory insights with a proprietary operational assessment model, BioPhy’s AI platform is designed to assess biological feasibility and predict the likelihood a clinical trial will have a positive outcome, steering capital allocation and expediting time to market.

Spark Car Wash: Express Car Wash Operator Company Raises $30 Million

By Amit Chowdhry ● Nov 20, 2023

Spark Car Wash - a premier express car wash operator in New Jersey, New York, and Pennsylvania - recently announced that it has raised $30 million of additional growth capital through a Series B round led by GoPoint Ventures. This investment enables Spark to develop its expanding store base further by bringing modern, membership-driven car washes to a region rich with growth potential. Spark currently has three operating washes: four are in active construction, and total pipeline visibility is on over 32 locations.

Rubicon Technology Partners: $1.7 Billion In Capital Commitments Closed For Fund IV

By Amit Chowdhry ● Nov 20, 2023

Rubicon Technology Partners - a leading private equity firm focused on enterprise software investments - recently announced the successful closing of its latest fund, Rubicon Technology Partners IV (Fund IV) at approximately $1.7 billion. And this represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020.

RTC Partners Invests In fama PR, Intelisent, MarketBridge, And Quarry

By Amit Chowdhry ● Nov 20, 2023

RTC Partners - a growth-focused private equity firm - recently announced it had closed strategic growth investments in four industry-leading, North America-based marketing and sales services firms – fama PR, Intelisent, MarketBridge, and Quarry. By bringing these firms together, it establishes the foundation of an integrated and data-driven platform designed to drive value creation across a wide spectrum of client marketing and sales initiatives.

ReturnGO: Post-Purchase Solutions Company Closes $5 Million

By Noah Long ● Nov 20, 2023

ReturnGO - an innovative company that enables efficient management of returns and exchanges for products purchased on e-commerce sites - recently announced that it has entered into a first-of-its-kind collaboration with Amazon Multi-Channel Fulfillment (MCF), which will provide MCF merchants with an integrated solution that automates the entire return and exchange process.

Responsiv: $3 Million Closed To Build AI Assistant For In-House Legal

By Noah Long ● Nov 20, 2023

Responsiv - an AI Assistant for in-house legal teams - recently announced it raised $3 million in seed funding led by Greylock with participation from OnDean, the family office of Andrew Sieja, the founder of Relativity, Permanent Capital Ventures, and Julius Genachowski. Responsiv enables attorneys to utilize the power of AI to cut down on research time and get legal answers in minutes.

Atlas: 3D Generative AI Platform Company Closes $6 Million

By Dan Anderson ● Nov 20, 2023

Atlas - a 3D generative AI platform that partners with game developers and brands to build virtual worlds and experiences in a fraction of the time - recently launched after two years in stealth. This announcement had followed the close of two funding rounds: a $4.5 million round led by 6th Man Ventures (6MV) and a $1.5 million round led by Collab+Currency. Other participants include the a16z Scouting Fund via Shrapnel, Contango, Gaingels, GFR Fund, New Renaissance Ventures, Square Enix, and Wagmi Ventures.

Arch: Private Investment Management Platform Secures $20 Million In Funding

By Amit Chowdhry ● Nov 20, 2023

Arch - a private investment management platform modernizing K-1 workflows, automating operations, and simplifying reporting for financial professionals - recently announced that it has raised $20 million in Series A funding. This funding round was led by Menlo Ventures, with participation from existing investors Craft Ventures and Quiet Capital and new investors Carta, Citi Ventures, GPS Investment Partners, and Focus Financial Partners.