Startups

Signos: Metabolic Health Platform Raises $20 Million In Series B

By Annie Baker ● Oct 24, 2023

Signos - a comprehensive metabolic health platform that includes a proprietary AI engine with a continuous glucose monitor (CGM) to provide real-time data and recommendations for healthy weight management - recently announced $20 million in Series B funding to respond to the obesity and metabolic health crisis plaguing the US. This new funding round will enable Signos to expand its core team and platform and conduct additional research on metabolic health. The round was led by Cheyenne Ventures and GV (Google Ventures), with additional funding from Dexcom Ventures and Samsung Next.

Rampart Bioscience: $85 Million Closed To Develop Next-Generation Biologics

By Amit Chowdhry ● Oct 24, 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 builds on an initial $40 million seed investment from OrbiMed. Rampart’s proprietary DNA-based medicines platform (called HALO) was inspired and developed using natural cues to overcome the key limitations and safety concerns of viral and early non-viral gene approaches.

Eden: Sustainable Natural Resource Recovery Company Closes $12 Million In Seed Funding

By Annie Baker ● Oct 24, 2023

Eden - a leader in sustainable natural resource recovery - recently announced that it has closed an oversubscribed $12 million seed funding round. And the company has raised $21.3 million to date, including $9.2 million in non-dilutive grants.

Aiolos Bio: $245 Million Raised To Address Treatment Needs For Patients With Respiratory And Inflammatory Conditions

By Amit Chowdhry ● Oct 24, 2023

Aiolos Bio recently announced its launch as a clinical-stage biopharmaceutical company focused on addressing the unmet treatment needs of patients with respiratory and inflammatory conditions. And Aiolos launched with an oversubscribed $245 million Series A investment co-led by Atlas Venture, Bain Capital Life Sciences, Forbion, and Sofinnova Investments with additional investment from RA Capital Management. The company will also advance its lead drug candidate AIO-001 into a Phase 2 clinical trial in moderate-to-severe asthma patients and is actively evaluating additional development opportunities.

Gridiron Capital: Fifth Fund Closed Above Target At $2.1 Billion

By Amit Chowdhry ● Oct 24, 2023

Gridiron Capital - an investment firm focused on partnering with founders, entrepreneurs, and management teams - recently announced the closing of Gridiron Capital Fund V and its affiliated funds at $2.1 billion, which exceeded its target of $1.8 billion and represents an increase in fund size of 56% over the prior fund Gridiron IV.

DermBiont: $35.2 Million Closed To Accelerate First-In-Class Targeted Topical Dermatological Therapeutics

By Annie Baker ● Oct 24, 2023

DermBiont - a clinical-stage biotechnology company advancing targeted topical therapeutics for the treatment of dermatological indications - recently announced a $35.2 million Series B financing, including a $27.1 million Series B first close and $8.1 million in converting outstanding notes.

Credit Genie: Digital Personal Finance Platform Company Banks $10 Million

By Dan Anderson ● Oct 24, 2023

Creditly Corp., dba Credit Genie - a leading digital personal finance platform that has served more than one million Americans - recently announced the successful completion of an additional funding round, securing $10 million in funding, bringing its total financing to $21 million. The funding round was led by Khosla Ventures, with participation from Tippet Ventures. With the new funding round, Credit Genie will expand its product line and hire top talent to scale its innovative approach to behavioral finance, budgeting, and cash/credit management.

Spec: Cybersecurity Company Secures $15 Million To Innovate Fraud Defense

By Annie Baker ● Oct 24, 2023

Spec - a leading cybersecurity firm specializing in advanced fraud detection and defense - recently announced the closing of its $15 million Series A funding round, marking a significant milestone in the company's journey. This funding round was led by SignalFire, with participation from Legion Capital and Rally Ventures.

Transfix: Intelligent Freight Platform Lands $40 Million In Funding

By Dan Anderson ● Oct 24, 2023

Intelligent Freight Platform Transfix recently announced the closing of its Series F funding round, led by New Enterprise Associates (NEA) and G Squared, with participation from Canvas.

Skipify: Fintech Company Raises Funding From Samsung

By Noah Long ● Oct 24, 2023

Fintech company Skipify recently announced a strategic investment from Samsung Next, an investment group within Samsung Electronics. This investment signals Skipify's commitment to continue improving online and in-store shopper purchasing experiences.

Position Imaging: Advanced Location Tracking Company Closes $30 Million

By Annie Baker ● Oct 24, 2023

Position Imaging - a developer of some of the world's most advanced location tracking technologies - recently announced that it has raised $30 million via intellectual property (IP)-based debt financing. The funding round was provided by GT Investment Partners and facilitated by insurance and valuation services provided by Aon. The financing will help drive Position Imaging’s growth into the retail, hospitality, and travel markets while expanding into the EU with its global partner network.

SecureW2 Receives Investment From Insight Partners

By Noah Long ● Oct 24, 2023

SecureW2 - a comprehensive zero-trust passwordless security software provider - recently announced an $80 million investment from global software investor Insight Partners. This investment will accelerate market expansion, attract talent, and further drive the development and enhancement of the company's passwordless zero-trust security platform.

Petfolk: Modern Veterinary Care Company Closes $40 Million

By Annie Baker ● Oct 24, 2023

Petfolk - a modern veterinary care company providing best-in-class service to pets, pet owners, and veterinarians through a connected care community - recently announced a $40 million Series B. These are the details.

micro1: AI Recruiting Company Raises $3.3 Million

By Dan Anderson ● Oct 24, 2023

micro1 - an innovative AI-driven platform transforming how top engineering talent is sourced and vetted globally - recently announced an oversubscribed $1.3 million investment. This funding round and the initial $2 million pre-seed investment have advanced the company's valuation to an impressive $30 million. The funding round was led by Aryan Bhatnagar and Dream Ventures, with participation from prominent investors, including Jason Calacanis, Joshua Browder, Cory Levy, and others, who share micro1's vision for the future of human-AI collaboration in software development.

iink: Digital Payments Network Company Banks $12 Million In Funding

By Noah Long ● Oct 24, 2023

iink - a digital payments network that expedites the disbursement of funds associated with multi-party property insurance claims - recently announced it has raised $12 million in a Series A financing round led by the global venture capital firm Headline. The funding round included participation from Motley Fool Ventures, Chartline Capital Partners, Silver Circle Ventures, and several of iinks’ existing investors.

HqO: Real Estate Experience Platform Company Closes Over $50 Million

By Annie Baker ● Oct 24, 2023

HqO - a leading real estate experience platform - recently announced it has raised over $50 million in Series D funding to fuel its mission to disrupt the real estate industry.

Globacap: $21 Million Secured To Automate Private Capital Markets

By Amit Chowdhry ● Oct 24, 2023

Leading capital markets technology firm Globacap recently announced the successful completion of a $21 million Series B round of funding as the firm ramps up its drive to digitise and automate the world’s private capital markets. The investors include capital markets heavyweights Moore Strategic Ventures, LLC, Cboe Global Markets, Inc., and the Johannesburg Stock Exchange (JSE), and GABI Ventures and leading Asia-focused investment firm QBN Capital.

Finzly Raises Series A Funding In Round Led By TZP Growth Equity

By Noah Long ● Oct 24, 2023

TZP Growth Equity - a fund within the broader TZP Group (a multi-strategy private equity firm) recently announced its investment in Finzly, a provider of modular banking and payments technology infrastructure for financial institutions.

Debut: Synthetic Biology Company Raises Over $40 Million

By Annie Baker ● Oct 24, 2023

Debut - a vertically integrated synthetic biology company that unlocks a new generation of cosmetic bioactive ingredients using the most advanced biomanufacturing approaches - recently announced that it will develop bio-identical and novel fragrance molecules, having closed a total of $40 million in its Series B funding led by BOLD, the venture capital fund of L’Oréal.

aPriori: Growth Investment Raised From Vista Credit Partners

By Noah Long ● Oct 24, 2023

aPriori recently announced a growth investment from Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic financing partner focused on the enterprise software, data, and technology markets. And the funding will be used to support continued innovation and meet growing demand for aPriori’s cloud-based solution, which empowers manufacturers and product designers to accurately estimate, manage, and optimize production costs and sustainability.

Workstorm: Series A Funding Round Raised At $200 Million Valuation

By Annie Baker ● Oct 24, 2023

Workstorm - a leading provider of secure collaboration solutions - recently announced it has closed its Series A round, valuing the company at $200 million. The funding participants include Author Capital Partners and Chicago-based high-net-worth investors. And the funding will be used for accelerating product development, expand its customer base, and support the growth of its sales and engineering teams.

SwingVision: $6 Million Closed To Democratize The Professional Sports Experience

By Noah Long ● Oct 24, 2023

SwingVision - a company on a mission to democratize the professional sports experience for athletes of all levels - recently announced a $6 million Series A financing round led by Authentic Ventures, along with pro tennis stars Lindsay Davenport, Alison Riske and Rohan Bopanna, Youssef Es-skouri of Dropbox, and Glenn Solomon of GGV Capital. This new funding round will unlock critical hires to build tournament-grade officiating and remote coaching capabilities into the platform and to expand beyond tennis into pickleball and padel.

Gardenuity: $5.5 Million Secured To Bring Gardening Benefits To Companies And People

By Annie Baker ● Oct 24, 2023

Gardenuity – the first and only curated platform bringing gardening and its wellness benefits to companies and consumers – recently announced $5.5 million in seed funding. This milestone round was led by Michael Mann of Anchor Capital and Alan Shor of Retail Connection, with participation from industry-leading investors, including Bonnie Plants, Deason Capital, Ross Jones from Berkshire Partners, JFO Group, Revtech Ventures, Gray's Creek Capital and North Texas Angel Network, with other individuals including Ram Velidi, Ann Berry, Jon Ledecky, Raj Shah, etc.

RevRoad Capital: $61 Million Closed For First Fund

By Noah Long ● Oct 24, 2023

RevRoad Capital (RRC) - a seed-stage venture fund designed to scale founders faster - recently announced a $61 million final close of its first fund, which marks the largest debut early stage venture fundraise in Utah state history and the fourth largest debut in the mountain region (Pitchbook).

Pfingsten: Oversubscribed Fund VI Closed At $435 Million

By Annie Baker ● Oct 24, 2023

Pfingsten recently announced the closing of its sixth investment fund, Pfingsten Fund VI, with total capital commitments of $435 million, surpassing its $350 million target. And Fund VI secured limited partner commitments from a diversified global investor base of family offices, endowments, foundations, consultants, asset managers, insurance companies, and high-net-worth individuals, including 25 former portfolio company executives and family-founder partners.

Forge: Video Game Platform Company Raises $11 Million In Seed Funding

By Annie Baker ● Oct 24, 2023

Forge - the first video game platform that connects and rewards gamers for their gaming achievements and ongoing play - recently opened to players in beta, and the company also announced a $11 million seed funding round, led by Makers Fund, BITKRAFT Ventures, and Animoca Brands, with participation from Hashkey Capital, Polygon Ventures, Formless Capital and Adaverse.

EarthGrid PBC: Plasma Boring Technology Company Raises $30 Million

By Annie Baker ● Oct 24, 2023

EarthGrid Public Benefit Corporation (EarthGrid PBC) - a plasma boring technology and infrastructure development company - recently announced it has raised $30 million at the close of its seed funding, doubling the investment goal of $15 million. This brings the total equity raised by EarthGrid to about $50 million since its inception in 2016.

CIONIC: Bionic Clothing Company Closes $12 Million In Funding

By Noah Long ● Oct 24, 2023

CIONIC - a pioneering neurotech company that created the FDA-cleared Cionic Neural Sleeve - recently announced an additional $12 million extension of its Series A financing, bringing the Series A total to $25 million. The funding round was led by L Catterton, a leading consumer-focused investment firm, and joined by an additional new investor, THVC, and all major investors. And CIONIC has also partnered with Enable Ventures, the first impact venture fund dedicated to closing the disability wealth gap while achieving competitive and market-rate returns. As part of L Catterton’s investment, Venture Partner and experienced entrepreneur Whitney Casey joined CIONIC’s Board of Directors.

Primus Capital Makes Strategic Growth Investment In BioProcure And Prendio

By Annie Baker ● Oct 24, 2023

Prendio - a leading provider of cloud-based (Software-as-a-Service) eProcurement software and supplier marketplace solutions for life sciences, and sister company BioProcure, the leader in procure-to-pay support services for biotech - recently announced a significant growth equity investment from Primus Capital. The investment from Primus will support continued organic growth, expansion into additional life sciences markets, and further innovation and product development.

Anyplace: $10.27 Million Raised For Providing Remote Work-Friendly Accommodations

By Annie Baker ● Oct 24, 2023

Anyplace - a short-term rental company specializing in remote work-friendly accommodations complete with high-speed internet and efficient office setups - recently announced a $10.27 million Series B funding round. About $8.27 million was raised as equity, while a strategic $2 million in debt was secured from Silicon Valley Bank.