Startups

Veruna: About $10 Million Raised To Help Insurance Agencies Drive Growth

By Noah Long ● Oct 24, 2023

Veruna - an all-in-one agency management system natively designed on Salesforce's leading CRM platform - recently announced a successful Series B funding round of about $10 million. The funding round was led by top-tier venture capitalists Berkley Ventures, Guidewire Software, the Institutes, and CoVerica Insurance.

Actym Therapeutics: $59.5 Million Raised To Treat Solid Tumors

By Annie Baker ● Oct 24, 2023

Actym Therapeutics - a company pioneering a new drug modality to treat solid tumors - recently announced it has extended its Series A financing round with an additional close of $25.5 million, bringing the total Series A amount raised to $59.5 million. The funding extension was co-led by existing investors Boehringer Ingelheim Venture Fund and Illumina Ventures. GKCC LLC joined the round with Actym's other current shareholders, Panacea Ventures and JLo Ventures.

Reality Defender: Deepfake And AI-Generated Media Detection Platform Company Secures $15 Million

By Annie Baker ● Oct 24, 2023

Reality Defender - a premier deepfake and AI-generated media detection platform - recently announced it has raised $15 Million in Series A funding. The funding round was led by DCVC, with participation from Comcast, ex/ante, Partnership Fund for New York City, Rackhouse Venture Capital, and Nat Friedman's AI Grant.

Scorability: $11 Million Raised To Improve College Athletics Recruiting

By Annie Baker ● Oct 24, 2023

Scorability - a platform for matching athletes with college athletics programs - recently announced it has raised $11 million in Series Seed funding. The funding round comes from Next Coast Ventures and Silverton Partners along with Scorability’s co-founders.

Parhelia Biosciences: Tissue Staining And Spatial Analysis Company Raises Series A

By Noah Long ● Oct 24, 2023

Parhelia Biosciences, the leader in sample preparation for tissue staining and spatial analysis - recently announced the successful completion of its Series A financing round. This milestone is a testament to the company's ongoing focus on providing a single modular solution for spatial biology sample preparation.

Stabili-Teeth: Full Mouth Restoration Solution Closes Seed Round

By Annie Baker ● Oct 24, 2023

Stabili-Teeth recently announced a significant organizational change and the successful closing of its seed funding round. These developments are a pivotal moment in the company's journey towards revolutionizing dental care and enhancing the lives of millions by making full-mouth dental restoration possible for patients suffering from terminal tooth loss at a fraction of the cost of alternatives in the market today.

Ventricle Health: Virtual Cardiology Clinic Company Closes $8 Million

By Dan Anderson ● Oct 24, 2023

Ventricle Health - a national virtual cardiology care network - recently announced $8 million in seed funding led by RA Capital Management alongside Waterline Ventures and other investors. This funding round will finance the expansion of Ventricle Health’s heart failure management therapeutic model in collaboration with value-based care provider groups and payers.

Yardstik Secures $12 Million To Advance Trust & Safety Platform

By Dan Anderson ● Oct 24, 2023

Yardstik - a Trust & Safety Platform built for helping high-volume hiring businesses safely hire, verify, and onboard workers at scale - recently announced it has raised an additional $12 million in its most recent round of funding. This expansion round is led by MissionOG with participation from existing investors Grotech Ventures, Rally Ventures, and Crosslink Capital.

Zelus Analytics: Series A Funding Round Secured To Transform Player Evaluation

By Annie Baker ● Oct 24, 2023

Zelus Analytics - a sports analytics company transforming player evaluation and in-game decision-making - recently announced that it has completed the first tranche of its Series A. This funding round includes participation from Teamworthy Ventures, Gametime Capital, Kevin Durant and Rich Kleiman's 35V, Billy Beane, and others, who join existing investor RedBird Capital.

Otro Capital Adds New Investors To Formula 1 Team Alpine Racing

By Amit Chowdhry ● Oct 24, 2023

Back in June, Otro Capital announced a €200 million strategic investment in Alpine Racing Ltd, the Formula 1 team backed by the Renault Group. And Otro Capital recently announced the addition of some of the top professionals in the sports industry into its investment group in Alpine F1:

Anonybit: Privacy-Centric Identity Management Solutions Company Raises $3 Million

By Noah Long ● Oct 24, 2023

Anonybit - an innovator in decentralized biometric authentication and data protection - recently announced that it has secured an additional $3 million funding round led by JAM FINTOP with participation from Connecticut Innovations and 4S Bay Partners, the family office of Jessica Sarowitz and Steve Sarowitz - increasing its total funds raised to $8 million. This additional funding round will accelerate Anonybit's mission to provide privacy-by-design identity management solutions to enterprises looking for new ways to authenticate users to avoid account takeover attacks and data breaches.

JOOR: Digital Wholesale Ecosystem Company Closes $25 Million In Funding

By Annie Baker ● Oct 24, 2023

JOOR - the world’s leading digital wholesale ecosystem - recently announced that it has raised $25 million in a new round of funding led by Brightwood Capital and Tamarix Capital Partners. And existing investors Macquarie Capital, Battery Ventures, and Canaan Partners participated. This additional funding round will enable JOOR to deliver an increasingly enriched platform experience in service of its extensive global network of fashion brands and retailers. Along with new data-led initiatives, the company is also planning to enhance its JOOR Pay solution and expand its footprint in categories such as footwear, sports, and outdoors.

Evident Vascular To Develop A Next-Generation Intravascular Ultrasound Platform

By Annie Baker ● Oct 24, 2023

Evident Vascular - a medical technology startup developing a next-generation intravascular ultrasound (IVUS) platform utlizing AI to enable superior imaging and streamlined workflows - recently announced that it has launched with a $35 million Series A financing from Vensana Capital.

Hallmark Health Care Solutions Receives Growth Investment In Round Led By Summit Partners

By Dan Anderson ● Oct 24, 2023

Hallmark Health Care Solutions - a healthcare technology company specializing in workforce management solutions - recently announced a significant investment led by global growth equity investor Summit Partners, with participation from existing investor Enhanced Healthcare Partners and Hallmark management. This new funding round will accelerate Hallmark’s continued growth and further deepen the company’s commitment to product innovation and customer success.

InnovateUS: $2 Million In Funding Secured From Google.org

By Amit Chowdhry ● Oct 24, 2023

InnovateUS - an online learning initiative that delivers at-your-own pace and live skills training to public sector professionals in areas like data, digital, and community engagement - recently announced that it has secured $2 million in funding from Google.org and access to Google Career Certificates to support its mission to upskill and educate public sector professionals free-of-charge over the next three years. And this initiative will offer online courses and workshops for workers to gain a wide range of data, digital, and artificial intelligence skills.

Ilant Health: Obesity Treatment Company Secures $3 Million

By Amit Chowdhry ● Oct 24, 2023

Ilant Health - a company purpose-built to partner with employers and government payors to improve obesity treatment through holistic, integrated, and value-based care - recently launched out of stealth today with $3 million in funding. The round was led by Elina Onitskansky, previously an executive at Molina Healthcare, Help at Home, and McKinsey and someone with direct obesity lived experience. The Ilant team recognizes the power of appropriate obesity treatment to change individual lives and improve broader population health.

Creative Force: $8.9 Million Raised To Help Retailers And Brands Increase Creative Production

By Annie Baker ● Oct 24, 2023

Creative Force - a leading end-to-end creative operations workflow platform for e-commerce retailers and brands - recently announced it has raised $8.9 million in Series A funding from Export and Investment Fund of Denmark (EIFO) and Hearst Ventures (the global venture capital division of Hearst). The new funding round brings Creative Force’s total funding to $17.9 million.

InfoBionic: Digital Health Company Raises Series D Funding Round

By Noah Long ● Oct 24, 2023

InfoBionic - a digital health company focused on virtual telemetry and cardiac remote patient monitoring - recently announced the initial closing of its Series D financing round to support continued domestic growth and international expansion of its newly FDA approved MoMe ARC system for virtual telemetry and remote wireless monitoring and detection of cardiac arrhythmias.

Pantomath: Data Pipeline Observability And Traceability Platform Company Closes $14 Million

By Amit Chowdhry ● Oct 24, 2023

Pantomath - a data pipeline observability and traceability platform - recently announced that it completed $14 million in Series A funding in early September, led by Sierra Ventures and included Series Seed investors Bowery Capital and Epic Ventures. The company has now raised $18 million in only 16 months. This additional funding will be used to innovate through AI and expand to new territories.

Leucine: $7 Million Closed To Digitize Pharmaceutical Manufacturing

By Amit Chowdhry ● Oct 24, 2023

Leucine recently announced a $7 million series A Funding round led by strategic investor EcoLab - which will scale its Compliance Cloud platform globally. This funding round also saw participation from all existing investors, including Pravega Ventures, Axilor Ventures, Techstars, and angels.

Modifi Bio: $4.3 Million In Seed Funding Secured To Target Cancer Using DNA Modification

By Noah Long ● Oct 24, 2023

Modifi Biosciences - a leader in DNA modification as a novel approach to target cancer - recently announced the closing of $4.3 million in a second round of seed financing, bringing the total raised to date to $10.7 million. This funding round included existing investors Connecticut Innovation, HighCape Capital, Advantage Capital (Ironwood), and the National Brain Tumor Society while also adding new investors Pathway BioVentures, The Sontag Foundation, and BrightEdge, the impact investment and innovation arm of the American Cancer Society.

NexPhase Capital: Oversubscribed Fund V Closed At Over $795 Million

By Dan Anderson ● Oct 24, 2023

NexPhase Capital, LP - a thematically driven and operationally focused private equity firm - recently announced it has successfully closed NexPhase Capital Fund V (NPC V) with over $795 million of capital commitments, exceeding the fund's target of $750 million and representing a more than 45% increase in size from its predecessor fund NexPhase Capital Fund IV. NPC V was oversubscribed with robust backing from existing investors and major support from a diverse base of new investors.

Shield Capital: $186 Million Inaugural Venture Capital Fund Closed

By Annie Baker ● Oct 24, 2023

Shield Capital recently announced the final closing of its inaugural fund focused on early-stage venture capital investments. And Shield Capital Fund I, L.P. closed oversubscribed at 55% above target with $186 million of capital commitments from a broad representation of institutional and private investors.

Upland: web3 Metaverse Super App Closes $7 Million

By Annie Baker ● Oct 23, 2023

Upland - the web3 Metaverse Super App - recently announced an extension to its Series A funding, securing an additional $7 million. This recent funding round further positions Upland as one of the most widely-used web3 apps, with over 3 million registered accounts on the EOS blockchain and nearly 300,000 virtual property owners, greatly outpacing its competition. The Series A extension adds EOS Network Ventures as a new investor and participation from existing investors C3 Venture Capital, Animoca Brands, and angel investors.

FCP Euro: Online Auto Parts Retailer Company Raises $25 Million

By Annie Baker ● Oct 23, 2023

Connecticut-based online auto parts retailer FCP Euro has completed a Series A financing round totaling $25 million. The minority investment will expand the company's footprint across new geographies, bolstering its commitment to delivering unparalleled quality European car parts to a broader audience.

AnySignal: Multi-Domain Radio Platform Company Secures $5 Million In Seed Funding

By Noah Long ● Oct 23, 2023

AnySignal - a leading technology company building a radiofrequency (RF) connectivity and sensing platform for industrial, aerospace, and defense markets - recently announced it closed an oversubscribed $5 million seed round. This funding round will be used to execute a considerable backlog of commercial and government contracts.

AIM-HI Accelerator Fund Reveals 2023 Women’s Venture Competition Top Winners

By Amit Chowdhry ● Oct 23, 2023

The AIM-HI Accelerator Fund recently announced that the winners of the 2023 Women’s Venture Competition are March Biosciences and its CEO, Sarah Hein, PhD as the First Prize with Distinction, and Degron Therapeutics and its Co-founder and CEO, Lily Zou, Ph.D., MBA as the Second Prize. The blue-ribbon judge committee members selected them from 71 female-led and early-stage oncology companies across 15 countries.

Stash: Investing App Company Secures $40 Million

By Annie Baker ● Oct 23, 2023

Stash recently revealed a record-breaking year and the company also announced that renowned CFO and advisor Amy Butte as the company’s first-ever independent audit chair. And Stash also announced the infusion of $40 million led by funds and accounts advised by T. Rowe Price Investment Management, with a mix of strategic and existing investors, including Goodwater Capital and Union Square Ventures. With new leaders and a new round of financing, Stash enters its next growth phase with a focus on profitability.

Morty: $2.2 Million Raised To Help Find Escape Rooms And Haunted Attractions

By Amit Chowdhry ● Oct 23, 2023

Morty - a company that helps people discover the best escape rooms and haunted attractions - recently announced that it has raised over $2.2 million. Morty co-founder and CEO Andy Bauch told Pulse 2.0 that the company is creating the ultimate social copilot for you and your friends by helping you find unique interactive experiences.

KindWorks.AI: $1.5 Million Oversubscribed Pre-Seed Round Raised

By Noah Long ● Oct 22, 2023

KindWorks.AI has announced that it has closed an oversubscribed pre-seed round of over $1.5 million. And KindWorks’ platform encourages and enables the practice of Kindness to increase connectivity, well-being, and results. This platform is built with AI and behavioral science to bring personal Kindness exercises to individuals.