Startups

Roadra: Digital Car Auction Marketplace Company Secures $5 Million

By Amit Chowdhry ● Nov 3, 2023

Roadra - a digital car auction platform that allows consumers to sell cars directly to dealers - recently announced $5 million in funding to scale its platform further.

Triveni Bio: $92 Million Raised To Develop Functional Antibodies For The Treatment Of I&I Disorders

By Amit Chowdhry ● Nov 2, 2023

Triveni Bio - a biotech company pioneering a genetics-informed precision medicine approach to develop functional antibodies for the treatment of I&I disorders - recently announced a $92 million series A financing co-led by Atlas Venture and Cormorant Asset Management, with participation from OrbiMed, the private equity business of Viking Global Investors, Invus, Polaris Partners, Alexandria Venture Investments, and other investors.

Seurat Technologies: 3D Metal Printing Leader Raises $99 Million

By Annie Baker ● Nov 2, 2023

Seurat Technologies - a 3D metal printing leader making manufacturing better for people and the planet - recently announced a $99 million Series C round led by NVentures (NVIDIA's venture capital arm) and Capricorn's Technology Impact Fund focused on climate solutions.

Triplebar: $20 Million In Funding Raised To Improve Nutrition And Disease Treatment Outcomes

By Dan Anderson ● Nov 2, 2023

Triplebar has recently announced $20 million in new funding to expand its product portfolio in food and biopharmaceuticals. Synthesis Capital led the funding round, with participation from Essential Capital, Stray Dog Capital, iSelect Fund, and existing major investor The Production Board.

Planatome: Medical Device Company Closes $6 Million Investment

By Noah Long ● Nov 2, 2023

Planatome - a medical device company that applies atomic-level polishing from the semiconductor industry to create advanced surgical blades that lead to better patient outcomes - recently announced the closing of its $5 million Series A equity investment round. The company also announced that it secured an additional $1 million convertible venture debt commitment.

Traba: $22 Million Raised For Light Industrial Staffing Marketplace Platform

By Annie Baker ● Nov 2, 2023

Traba - a leading marketplace platform for light industrial staffing - recently announced a $22 million funding round led by Founders Fund, with a sizable increase in valuation from last year. The funding round - which includes participation from returning investor Khosla Ventures - comes at a time of robust growth and customer adoption for the company.

Sofinnova Partners: $200 Million Digital Medicine Fund Closed

By Amit Chowdhry ● Nov 2, 2023

Sofinnova Partners - a leading European life sciences venture capital firm based in Paris, London, and Milan - recently announced the successful closing of Sofinnova Digital Medicine I at $200 million (€190M), significantly exceeding its target. The fund - which Partners Edward Kliphuis and Simon Turner spearheaded - is focused on backing pioneering entrepreneurs navigating the convergence of biology, data, and computation. It has already invested in five revolutionary companies since its inception.

Faction Receives Funding In Round Led By TDK Ventures

By Dan Anderson ● Nov 2, 2023

TDK announced that subsidiary TDK Ventures is leading the latest financing round in driverless-technology developer Faction. Joining them as co-investors are Ducera Partners, Trucks Venture Capital, and Fifty Years.

Oxide: Commercial Cloud Computer Company Secures $44 Million

By Dan Anderson ● Nov 1, 2023

Oxide Computer Company recently unveiled the world’s first commercial Cloud Computer, a true rack-scale system with fully unified hardware and software designed for on-premises cloud computing. And the company also announced a $44 million Series A financing round led by Eclipse with participation from Intel Capital, Riot Ventures, Counterpart Ventures, and Rally Ventures to accelerate production for Fortune 1000 enterprises. This brings the company’s total funding to $78 million.

Arteria AI: $30 Million Raised To Build Modern Documentation Infrastructure For Institutional Finance

By Amit Chowdhry ● Nov 1, 2023

Arteria AI - a market-leading applied AI company building modern documentation infrastructure for institutional finance - recently announced its oversubscribed $30 million Series B financing round led by GGV Capital U.S., with participation from all existing major investors, including Illuminate Financial, Information Venture Partners, BDC Capital and Citi. The round brings the company’s total funding to $50 million.

OfficeRnD: Strategic Growth Investment From Blue Star Innovation Partners Received

By Annie Baker ● Nov 1, 2023

OfficeRnD - a leading provider of coworking and hybrid work software - recently announced a strategic investment from Blue Star Innovation Partners (BSIP). This partnership with BSIP will enable OfficeRnD to expand its position as a market-leading software solution for coworking workspaces and businesses operating in hybrid work environments.

Inlyte Energy: $8 Million Secured To DevelopGrid Batteries Made With Iron And Salt

By Noah Long ● Nov 1, 2023

Inlyte Energy has announced its $8 million seed funding to develop the first generation of its grid batteries made with the most abundant materials – iron and table salt. And Inlyte's solution utilizes the proven design of the previously commercialized sodium metal halide battery to create an energy storage system with high efficiency, long lifetime, competitive energy density, excellent safety, and at an ultra-low cost.

Ascendant: Consumer Brand Management Company Receives Growth Funding Package From Decathlon

By Annie Baker ● Nov 1, 2023

Ascendant - a consumer brand management company with expertise in repositioning and building a legacy consumer product business - has received a growth funding package from Decathlon Capital Partners to support its expansion. The details of the revenue-based investment package were not disclosed.

HackerOne: Ethical Hacker Community Surpasses $300 Million In All-Time Rewards

By Amit Chowdhry ● Nov 1, 2023

HackerOne - a leader in Attack Resistance - recently announced its ethical hacker community has surpassed $300 million in total all-time rewards on the HackerOne platform. And thirty hackers have also earned more than one million dollars on the platform, with one hacker surpassing four million dollars in total earnings.

Funnel: $32 Million Closed To Advance Adoption Of Renter Management Software Platform

By Amit Chowdhry ● Nov 1, 2023

Funnel Leasing - the first Renter Management Software platform - recently announced the completion of a $32 million Series B-2 financing round to unlock the new operating model for multifamily leaders. This financing round was led by RET Ventures, the leading VC investor in “rent tech” - whose 50+ strategic investors comprise the largest group of apartment owners and operators working together to drive innovation in multifamily, representing over 2.5 million rental units.

Cranium: Enterprise AI Security And Trust Software Company Raises $25 Million

By Noah Long ● Nov 1, 2023

Cranium - a leading enterprise AI security and trust software company - recently announced that the company has raised $25 million in Series A funding. Telstra Ventures led the funding round with participation from KPMG LLP and SYN Ventures. Both participating investors previously provided seed funding when Cranium emerged from stealth six months ago, and it spun out of KPMG with additional investment from SYN Ventures.

Betteromics: $20 Million Raised To Develop Clinical-Grade SaaS Platform To Empower Life Sciences Professionals

By Amit Chowdhry ● Nov 1, 2023

Betteromics - a company that has developed a clinical-grade compliant Software-as-a-Service platform that empowers life sciences professionals with the latest AI and computational techniques - recently announced that it has raised $20 million in a Series A financing led by Sofinnova Partners and Triatomic Capital, with participation from SHAKTI.

Omnidian: Solar Asset Management Company Raises $25 Million

By Dan Anderson ● Nov 1, 2023

Omnidian - a leader in solar asset management for both commercial and residential clients across the country and with an expanded international presence in Australia since 2022 - recently announced that it successfully closed a $25 million funding round.

Direqt: $4.5 Million Secured To Advance AI Chatbot Platform

By Annie Baker ● Nov 1, 2023

Direqt - the first AI chatbot platform built exclusively for publishers - recently announced $4.5 million in funding from a private consortium of entrepreneurs and executives, including Todd Parker, former Global Head of Business Development for Business Messaging at Google, NFL Hall of Famer Dan Marino, Peter Callahan, Former CEO of American Media, Ron Antevy, Founder & CEO e-Builder and Dave Walsh, Partner at Kayne Anderson.

Upfort: Cyber Security And Insurance Platform Company Closes $8 Million

By Noah Long ● Nov 1, 2023

Upfort - a leading cyber security and insurance platform - recently announced it has raised $8 million in a Series A funding round led by SYN Ventures, with additional participation from Eniac Ventures, Fika Ventures, Altai Ventures, Chaos Ventures, Aquila Capital Partners, Gaingels and Cyber Mentor Fund.

Fibracast: $44.6 Million Round Closed To Advance Membrane Technologies For Wastewater Treatment

By Annie Baker ● Nov 1, 2023

Fibracast - a leading developer and manufacturer of innovative membrane technologies for advanced water and wastewater treatment - announced that it has closed a $44.6 million issue of Class A Preferred Shares.

Assureful: E-Commerce Insurance Provider Closes $1.5 Million

By Annie Baker ● Nov 1, 2023

Assureful - the first insurance provider built exclusively for Amazon and eCommerce sellers - recently announced it has closed a $1.5 million pre-seed funding round led by Markd. The funding round also included participation from Greenlight Re Innovations.

Abridge: Clinical Documentation Company Secures $30 Million

By Amit Chowdhry ● Oct 31, 2023

Abridge - a leader in generative AI for clinical documentation - recently announced a Series B raise of $30 million, led by Spark Capital. The funding round also included existing investor Bessemer Venture Partners, as well as several leading healthcare innovators, including CVS Health Ventures, Kaiser Permanente Ventures, Lifepoint Health, Mayo Clinic, SCAN Group, UC Investments (University of California), and the American College of Cardiology.

Klu: LLM Application Platform Company Raises $1.7 Million

By Amit Chowdhry ● Oct 31, 2023

Klu - a leading large language model (LLM) application platform for building, evaluating, and optimizing AI applications - recently announced that it has raised a $1.7 million pre-seed funding round led by Firstminute Capital. Scouts from top VC firms, including a16z, Sequoia Capital, Craft Ventures, and Atomico, also participated alongside angel investors from Superhuman, IBM, Productboard, and other leading technology companies.

Abingworth: Transatlantic Life Sciences Investment Firm Closes $356 Million

By Amit Chowdhry ● Oct 31, 2023

Abingworth - a leading international life sciences investment group, part of global investment firm Carlyle - recently announced the final closing of its new Clinical Co-Development Co-Investment Fund at $356 million. Abingworth Clinical Co-Development Co-Investment Fund (CCD-CIF) was significantly oversubscribed, exceeding a target of $300 million.

1337: $4 Million Raised To Connect Niche Communities

By Annie Baker ● Oct 31, 2023

1337 - a generative AI platform committed to connecting niche communities through hyper-personalized interests - recently emerged from stealth today with the announcement of a $4 million pre-seed round. The investors include Credo Ventures, GFR Fund, Treble Capital, Roosh Ventures, and individuals including Hugging Face CEO Clément Delangue and impact investor Natalia Vodianova.

LyGenesis: $19 Million Closed To Develop Cell Therapies

By Annie Baker ● Oct 31, 2023

LyGenesis - a clinical-stage biotechnology company developing cell therapies for patients with end-stage liver disease, type 1 diabetes, end-stage renal disease, and aging - recently announced it had raised more than $19 million in a Series A-2 financing round led by Prime Movers Lab, investors in breakthrough scientific startups, with follow-on funding from Juvenescence.

xtype: Agile Software Delivery Company Secures $10.8 Million

By Noah Long ● Oct 31, 2023

Agile software delivery company xtype recently announced that it had secured additional funding following a stellar year of growth in the business, having achieved four times revenue growth over the last 14 months and a significantly increased market presence. Columbia Capital and Innerloop Capital led this funding round, and it saw participation from SaaS Ventures and other investors. Specializing in enterprise clients using ServiceNow, xtype will be able to use the new funding round to meet increased demand and expand product development.

LegalMation: $15 Million Raised To Advance Generative AI-Driven Solutions For High-Volume Litigation

By Dan Anderson ● Oct 31, 2023

LegalMation - a market leader in Generative AI-driven solutions for high-volume litigation - recently announced it has raised a $15 million Series A financing round led by the venture capital team at Aquiline Capital Partners LP, Aquiline Technology Growth, with continued participation from existing investors Motley Fool Ventures, REV Venture Partners, Key Venture Partners, Quick Set LLC, and Brentwood Investments.

Matter Bio Receives Investment From LifeSpan Vision Ventures

By Annie Baker ● Oct 31, 2023

LifeSpan Vision Ventures recently announced an investment in Matter Bio, a longevity holding company focused on preserving genome integrity. At the center of the company's philosophy is that as we age, the genome is constantly being damaged by exogenous and endogenous sources.