Startups

Portal: $34 Million Raised To Develop Decentralized Bitcoin-Based Exchange

By Annie Baker ● Jan 30, 2024

Portal - a fintech provider advancing financial self-sovereignty with robust technology for seamless access to Bitcoin and diverse cryptocurrency markets - announced it had exited stealth mode and raised $34 million in seed funding. The investors that participated in the round include Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io, and many other high-profile fintech and crypto investors.

CollisionRight Raises Funding From Summit Partners

By Annie Baker ● Jan 30, 2024

CollisionRight - a leading consolidator of automotive collision repair shops in the US - announced a majority investment from Summit Partners, a leading growth equity investment firm. The new funding round will help support CollisionRight’s growth plan, which is focused on acquiring and operating high-quality, customer-friendly collision repair shops across the Central United States and Mid-Atlantic regions.

Codeium: $65 Million Secured For Bringing Generative AI To Software Coding

By Amit Chowdhry ● Jan 30, 2024

Codeium has announced it has raised a $65 million Series B round to help software developers supercharge their workflows with generative AI-powered capabilities. The funding round was led by Kleiner Perkins with participation from repeat investor Greenoaks and General Catalyst.

Carcinotech: 3D Printed Micro-Tumor Technology Company Raises $5.3 Million

By Noah Long ● Jan 30, 2024

Carcinotech announced it has raised $5.3 million of funding as the company looks to build on its traction in the UK and Europe, with US expansion planned later this year.

Boston Metal: Metals Technology Solutions Company Closes $20 Million

By Amit Chowdhry ● Jan 30, 2024

Boston Metal - a global metals technology solutions company - announced a $20 million Series C2 investment from Marunouchi Innovation Partners. This new funding round brings the series total to $282 million.

Roofer.com: Roofing Data Company Raises $7.5 Million

By Annie Baker ● Jan 30, 2024

Roofer.com - an AI-based technology company in the roofing industry - announced that it had raised a $7.5 million Seed round led by Mucker Capital with participation from Soma Capital, HF0, Asymmetric Capital Partners, Alumni Ventures, HustleFund, The Council, GoAhead Ventures, Mirada Capital and several prominent angels such as the Founder and CEO of Mercury and the Founder and CEO of ParkHub.

Audience Town: Consumer Intelligence Company Raises Additional Funding Round

By Annie Baker ● Jan 30, 2024

Audience Town - a consumer intelligence platform that has advanced data analytics and insights for the real estate industry - announced an additional round of funding led by existing lead investors Wasatch Equity Partners.

Tau Group: €11 Million Extension Raised To Drive Energy Transition Efforts

By Noah Long ● Jan 30, 2024

Tau Group, a leading technology company driving energy transition and decarbonization efforts establishing a new global standard in electric motor insulated wire, announced it successfully closed a €11 million extension to its Series-B funding round.

AQEMIA Increases Series A Funding To €60 Million

By Annie Baker ● Jan 30, 2024

AQEMIA is a company that is continuing to grow rapidly in an effort to discover new drugs with their generative-AI fueled by deep physics. After raising €30 million last year, the tech-enabled drug discovery company announced it has received an additional €30 million investment, which brings the Series A funding round to €60 million.

Afton Scientific Raises Majority Investment From Arlington Capital Partners

By Annie Baker ● Jan 30, 2024

Arlington Capital Partners, a Washington D.C.-area private investment firm specializing in government-regulated industries, announced a majority investment in Afton Scientific, a leading contract, development, and manufacturing organization (CDMO) dedicated to the sterile manufacturing of injectable pharmaceuticals.

TeleSafety Raises Seed Funding Round Led By Launch NY

By Dan Anderson ● Jan 30, 2024

TeleSafety (by Safety Badger) recently announced a round of Seed Funding led by Launch NY, which provides mentoring and access to risk capital for high-growth startups.

Vital Interaction: Healthcare Technology Company Secures $15 Million

By Annie Baker ● Jan 30, 2024

Vital Interaction - a healthcare technology company that combines healthcare data, business intelligence, and workflow automation - announced the closing of $15 million in Series A funding led by Next Coast Ventures.

AcuraStem: Patient-Based Drug Discovery Platform Company Secures $7 Million

By Noah Long ● Jan 30, 2024

AcuraStem - a patient-based biotechnology company advancing treatments for amyotrophic lateral sclerosis (ALS), frontotemporal dementia (FTD), and other neurodegenerative diseases - announced that it has successfully raised nearly $7 million in grant funding for ALS / FTD research from the National Institutes of Health (NIH) and the Department of Defense (DOD).

Wisedocs: Medical Record Review SaaS Company Secures $12.7 Million

By Annie Baker ● Jan 30, 2024

Wisedocs - a machine learning software-as-a-service (SaaS) for medical record review, indexing, and summarization announced it has raised $9.5 million ($12.7 million CAD) in oversubscribed Series A financing.

Acadian Ventures: $30 Million Fund II Closed To Invest In Next-Gen Technologies

By Amit Chowdhry ● Jan 30, 2024

Acadian Ventures - an early-stage venture capital firm - announced the successful close of its second fund on an oversubscribed $30 million in capital commitments.

MediaValet To Be Acquired In $80 Million Deal: Details

By Dan Anderson ● Jan 30, 2024

Drop Mobility Raises Growth Funding From Decathlon Capital Partners

By Annie Baker ● Jan 29, 2024

Drop Mobility - a rapidly growing e-bike share company that enables cities to purchase or lease e-bikes - has raised a growth funding package from Decathlon Capital Partners to support its continued expansion. The details of the revenue-based investment package were not disclosed.

Optym Raises Strategic Funding From Venture 53 To Make Transportation Operations Efficient

By Annie Baker ● Jan 29, 2024

Venture 53 - a pure-play industry-focused transportation and logistics fund - announced its strategic investment in Optym, a trailblazer in optimization solutions for the transportation industry. The funding comes as a testament to Optym's unparalleled leadership in transportation optimization as acknowledged by industry expert and Venture 53 Co-Founder Pat Martin.

Compa: Offers-Based Compensation Market Data Company Raises $10 Million

By Amit Chowdhry ● Jan 29, 2024

Compa - a leading offers-based compensation market data provider - announced that it has raised a $10M Series A to bring real-time market intelligence to compensation decisions for the world’s largest and fastest-growing companies. Storm Ventures led the funding round with participation from Penny Jar Capital, HR Tech Investments (an affiliate of Indeed), NJP Ventures, Base10 Partners, and Acadian Ventures.

Rokt: $17.6 Million Raised And New HQ Expansion

By Noah Long ● Jan 29, 2024

Rokt - a leading e-commerce technology company using machine learning and AI to make transactions more relevant to each shopper - announced an investment of $17.6 million to expand operations at its headquarters in New York City. And to accommodate its growing workforce, Rokt will lease an additional 34,000 square feet of space at 175 Varick Street, bringing its total occupancy in the building to over 100,000 square feet.

Mesh: Embedded Financial Solution Company Raises Funding From PayPal Ventures

By Amit Chowdhry ● Jan 29, 2024

Mesh, a modern embedded finance solution that seamlessly makes digital asset transfers and account aggregation, announced an investment from PayPal Ventures. This funding helps reinforce Mesh's position as a leading player in embedded finance and highlights PayPal's commitment to fostering innovation in the digital payments landscape.

Carry1st: Strategic Investment From Sony Innovation Fund Raised

By Dan Anderson ● Jan 29, 2024

Carry1st - Africa’s leading game publisher and digital commerce platform - announced a strategic investment by Sony Innovation Fund, the venture capital arm of Sony Group Corporation. Carry1st is the inaugural investment out of Sony Innovation Fund: Africa - which was established by Sony as an initiative to support the growth of entertainment businesses in Africa.

Sema4.ai: $30.5 Million Secured To Build Intelligent Agents For Helping Knowledge Workers

By Noah Long ● Jan 29, 2024

Sema4.ai aims to build intelligent agents that transform how knowledge workers collaborate with AI. Led by open-source pioneers and fueled by $30.5 million from investors, including Benchmark, Mayfield, and Canvas Ventures, Sema4.ai is ready to become the leader in the $88 billion autonomous agent market.

akirolabs: Procurement Technology Company Raises $5 Million

By Noah Long ● Jan 29, 2024

akirolabs - a Berlin-based ProcureTech startup enabling enterprises worldwide to augment strategic procurement processes - announced that it has raised $5 million in its recent seed funding round. The investors in this round included HTGF, OTB Ventures, D11Z. Ventures, and Switzerland's Serpentine Ventures, alongside angel investments from industry leaders such as Fredrick Spalcke (ex-CPO of Phillips & Huawei), Heiko Schwarz (CEO of riskmethods), Markus Ehrle (VP and General Manager EMEA at ServiceNow), and Detlef Schultz (former CEO of the Vodafone Procurement Company).

Vertical Aerospace Founder Backing Company With $50 Million Investment Commitment

By Annie Baker ● Jan 29, 2024

Vertical Aerospace (a global aerospace and technology company pioneering zero-emissions aviation) recently announced that it has secured $50 million in committed funding from founder, majority owner, and CEO Stephen Fitzpatrick. This investment provides the platform for further funding rounds.

Kao Data: Digital Infrastructure Solutions Company Raises £206 Million

By Annie Baker ● Jan 29, 2024

Kao Data - a specialist developer and operator of data centers engineered for AI and advanced computing - announced it had completed a new £206 million debt raise, with an accompanying accordion facility extendable to £356 million, via one of the world's leading lenders to the data center sector, Deutsche Bank.

ATTUNE: Engagement Banking Platform Raises $2.225 Million

By Dan Anderson ● Jan 29, 2024

ATTUNE (formerly known as Lendsmart) has announced the successful closure of its seed funding round, raising $2.225 million. This milestone marks the company's evolution from a primarily lending-oriented organization to an all-encompassing Engagement Banking Platform, enabling financial institutions to digitize their service lines and intelligently engage with customers at key moments.

Monta: EV Charging Company Closes €80 Million In Series B

By Annie Baker ● Jan 29, 2024

Monta - an operating platform powering the EV charging ecosystem - announced the closing of its €80 million Series B round, bringing the company’s total funding to €130 million in just three years. And Energize Capital co-led the round with GreenPoint Partners and Denmark’s state-backed Export and Investment Fund. The Series B also included participation from returning investors Headline, byFounders, AENU, and Creandum and new investor Quantum Light.

Thentia: Regulatory Technology Company Raises $38 Million

By Amit Chowdhry ● Jan 29, 2024

Thentia - a leading innovator in regulatory technology - announced that it has closed a US$38 million Series B extension round. The fundraising, led by existing investors, including First Ascent Ventures, Spring Mountain Capital, BDC Capital, and Espresso Capital, reflects a continued commitment to Thentia's vision.

AiCure: Funding, New Patents, And Leadership Team Changes

By Annie Baker ● Jan 29, 2024

AiCure - a prominent AI and advanced data analytics company focused on enhancing clinical trials - has raised a significant funding round. Along with the new funding round, the company has obtained several new patents, enabling it to advance its technological lead.