Startups

Connectbase: $16 Million Debt Facility From Silicon Valley Bank Secured

By Annie Baker ● Aug 3, 2023

Connectbase - The Industry Cloud for Connectivity - recently secured a $16 million debt facility from Silicon Valley Bank (a division of First Citizens Bank) to be used for growth and market expansion.

Leap: Energy Market Access Platform Company Lands $12 Million In Funding

By Noah Long ● Aug 3, 2023

Leap - a leading platform for energy market access - recently announced that it has secured a new capital raise totaling $12 million in equity financing. Standard Investments led the funding round with participation by DNV Ventures and Sustainable Future Ventures and existing Leap investors, including Union Square Ventures, Congruent Ventures and National Grid Partners.

Pure Ventures: Early-Stage VC Firm Closes $20 Million Fund II

By Amit Chowdhry ● Aug 3, 2023

Pure Ventures (formerly Alpha Bridge Ventures) - an early-stage venture capital firm dedicated to empowering founders' personal and professional growth - recently announced the closing of a new $20 million Fund II. This new fund enables the firm to continue executing its core mission around the mental health/wellness of founders while expanding the team by hiring Alicia Zeng as their Director of Ops. And Pure Ventures provides portfolio companies access and subsidies to a wide range of personalized services through Pilea (formerly Atlas), an integrative leadership and wellness coaching platform co-founded by Dr. Kari Sulenes and Pure Ventures.

Torch Dental Completes $28 Million Funding Round To Help Dentists Run Their Practices

By Noah Long ● Aug 3, 2023

Torch Dental - a digital all-in-one dental supply partner for dental practices - recently announced its latest funding round of $28 million, which brings total funding since inception to approximately $40 million. Health Velocity Capital led the Series B funding round with participation from existing investors Bessemer Venture Partners, which led previous financing rounds, FJ Labs, Felicis Ventures, Tectonic Ventures, Raga Partners, Town Hall Ventures, and other investors.

Ati Motors: Industrial Robotics Company Secures $10.85 Million In Funding

By Amit Chowdhry ● Aug 3, 2023

Ati Motors - a maker of autonomous industrial robots - recently announced the closing of its Series A funding round of $10.85 million. This investment, alongside the company’s product launch event, will further drive the development and deployment of Ati Motors' robotics technology for automating work in industrial environments and warehouses.

Whop.com: Digital Product Marketplace Closes $17 Million In Funding

By Noah Long ● Aug 3, 2023

Digital product marketplace Whop.com recently announced that it raised a $17 million Series A from Insight Partners, Zinal Growth, Peter Thiel, Justin Mateen, Justin Kan, The Chainsmokers, Cory Levy, Vivek Ranadive, David Blitzer, Josh Richards, Griffin Johnson (Animal Capital), James Harden, Kevin O’Leary, and Josh Browder.

InspectionGo: $5.5 Million Raised To Help Independent Home Inspection Companies Be Successful

By Amit Chowdhry ● Aug 3, 2023

InspectionGo (iGo) - a leading provider of cutting-edge technology and services that helps independent home inspection companies be successful by unlocking the full value of home inspections for homeowners and real estate investors - recently announced it has closed a $5.5 million Series A funding round.

FedML: Custom AI Development Company Closes $11.5 Million In Funding

By Amit Chowdhry ● Aug 3, 2023

FedML recently announced that it closed $11.5 million in seed funding to expand development and adoption for its distributed MLOps platform, which helps companies efficiently train and serve custom generative AI and large language models using proprietary data while reducing costs through decentralized GPU cloud resources shared by the community.

o9 Solutions: $119 Million In Additional Funding Raised At $3.7 Billion Valuation

By Annie Baker ● Aug 3, 2023

o9 Solutions - a leading enterprise AI software platform provider for transforming planning and decision-making for global enterprises - recently announced that its existing investors, led by General Atlantic’s BeyondNetZero, the inaugural companion fund for the growth equity firm’s climate investing efforts, have invested an additional $116 million in the company. And existing investors KKR and Generation Investment Management also participated in the round. The investment values o9 at $3.7 billion, up from $2.7 billion since the company’s last investment round in January 2022.

Exactera: Corporate Tax Compliance Solutions Company Secures $33 Million

By Amit Chowdhry ● Aug 3, 2023

Exactera - a leader in technology-driven tax compliance solutions - recently announced its new brand identity and named Walter Scott the company’s new CEO. And Exactera also announced it had raised $33 million in additional funding from investment firms Insight Partners and Savant Growth.

SiPhox Health: Lab-Grade Home Health Testing Company Raises $27 Million

By Amit Chowdhry ● Aug 3, 2023

SiPhox Health - a leader in building the next generation of lab-grade home health testing with silicon photonics - recently announced it raised $27 million in funding, including a $10 million Seed financing and a $17 million Series A round. Intel Capital led the Series A round with participation from Khosla Ventures, Kortex Ventures, Alumni Ventures, Metaplanet, Shorewind Capital, LongeVC, Overlap Holdings, and Duke Capital Partners. Khosla Ventures and Y Combinator led the Seed funding with participation from Metaplanet, Massachusetts Manufacturing Innovation Initiative, Rsquared, Vituity, Paul Buchheit, Balaji Srinivasan, Bob Lee, Longevity Tech Fund, and several others.

Preply: Online Language Learning Marketplace Adds $70 Million To Funding Round

By Amit Chowdhry ● Aug 3, 2023

Ukrainian-founded Preply recently announced it reached a milestone in the company’s funding history today, raising an additional $70 million in equity and debt capital to take its Series C to $120 million. With nearly 500 employees of 60 nationalities across 30 countries worldwide, Preply has become a global e-learning powerhouse that connects 35,000 tutors with the world’s largest live language learning community.

TLV Partners: $250 Million Early-Stage Israeli Startups Fund V Launched And $1 Billion AUM Achieved

By Amit Chowdhry ● Aug 3, 2023

Israel-based venture capital firm TLV Partners recently announced a milestone of $1 billion in assets under management (AUM) alongside the introduction of its $250 million Fund V. And the fund signifies TLV Partners' ongoing dedication to nurturing early-stage startups founded by outstanding Israeli entrepreneurs, focusing on sectors such as developer tools, AI, cybersecurity, fintech, biotech, and more.

Hyperice: Over $100 Million Strategic Growth Capital Facility Investment Raised

By Annie Baker ● Aug 3, 2023

Atlas Credit Partners - an asset management firm specializing in investing and partnering with growth-oriented businesses - recently announced over a $100M strategic growth capital facility investment in Hyperice, a leading holistic high-performance wellness brand. And Atlas Credit Partners' investment will support Hyperice's mission to help everyone on Earth move, live, and be better through improved physical movement. This deal follows an incredible year of innovation after Hyperice added five new award-winning products to its line of high-performance wellness technology.

Leverage: $7 Million Closed To Modernize Global Supply Chains

By Annie Baker ● Aug 3, 2023

Leverage - a leading platform for end-to-end supply chain visibility - recently announced a $7 million investment of growth capital led by Chicago Ventures, with participation from Las Olas Venture Capital, Remarkable Ventures, Tensility, and Florida Funders.

Westlake Village BioPartners: $450 Million Third Fund Launches

By Amit Chowdhry ● Aug 3, 2023

Westlake Village BioPartners recently announced the launch of its third fund of $450 million to incubate and grow early-stage next-generation biotechnology companies in the Los Angeles region and beyond. And the new fund will be managed by founding managing director Beth Seidenberg, M.D., managing director Mira Chaurushiya, Ph.D., and David Allison, Ph.D., who was recently appointed managing director.

Silo Technologies: Food Supply Chain Company Raises $132 Million

By Amit Chowdhry ● Aug 3, 2023

Silo Technologies - a leading provider of modern technology solutions for the food supply chain - recently announced $132 million in new capital. Koch Disruptive Technologies, a subsidiary of Koch Industries, led the company's $32 million Series C round. And additional participants in the round included existing investors Andreessen Horowitz, Haystack Capital, Tribe Capital, Collate Capital, and Moore Capital.

Hive Pro: Threat Exposure Management Company Closes $4 Million In Funding

By Dan Anderson ● Aug 3, 2023

Hive Pro - a Threat Exposure Management market pioneer - recently announced that they have closed $4 million in their seed funding round from private investors. And the successful completion of Hive Pro’s second round of seed funding will support the continued delivery of Hive Pro: Threat Exposure Management, a trusted platform to address the growing challenge of cyber threats.

SineWave Ventures: Over $160 Million Raised For Fund III

By Annie Baker ● Aug 3, 2023

SineWave Ventures - a Silicon Valley and Washington DC-based venture capital firm - recently announced the closing of a $160.3 million Fund III raise. And the SineWave fund was oversubscribed by 30%, countering national narratives of a challenging venture capital climate.

Offsite Lands $3 Million To Help Set Up Team Retreats

By Amit Chowdhry ● Aug 3, 2023

Offsite - a marketplace and tech-enabled services provider saving time, money, and stress for remote and hybrid companies planning team retreats - recently announced it has raised $3 million to help create more connected workforces through in-person experiences.

Prospective: Interactive Analytics And Data Visualization Company Closes $6 Million

By Noah Long ● Aug 3, 2023

Prospective - an interactive analytics and data visualization tool for large and streaming datasets - recently announced that it raised $6 million. The seed funding round was led by Point72 Ventures with participation from Silicon Badia, Irregular Expressions, Essence Ventures, Giant Machines, and REFASHIOND Ventures.

Anduin: $15 Million Raised To Empower Lasting Investor Relationships In The Private Markets

By Amit Chowdhry ● Aug 3, 2023

Anduin - the trusted innovation leader empowering lasting investor relationships in the private markets - recently announced they had raised $15.6 million in Series B funding. And 8VC led the round with participation from existing investors and GC1 Ventures.

VitalConnect: Remote And In-Hospital Wearable Biosensor Technology Secures Over $30 Million

By Annie Baker ● Aug 3, 2023

VitalConnect - a leader in remote and in-hospital wearable biosensor technology - recently announced the closing on an oversubscribed Series F financing in excess of $30 million.

Futureverse: AI And Metaverse Technology Company Closes $54 Million

By Dan Anderson ● Aug 3, 2023

Futureverse - a leading AI and metaverse technology and content company - recently announced the closing of its $54 million Series A funding round. The round was led by 10T Holdings, LLC ("10T") and included participation from Ripple.

Netcraft: Cybercrime Detection And Takedown Company Raises Over $100 Million

By Amit Chowdhry ● Aug 3, 2023

Netcraft - a global leader in cybercrime detection, disruption, and takedowns - recently announced that the company has raised over $100 million from Spectrum Equity, a leading growth equity firm focused on internet-enabled software and data services companies.

Tractable: $65 Million Raised To Utilize AI For Assessing The Condition Of Cars And Homes

By Amit Chowdhry ● Aug 3, 2023

Tractable - a leader in artificial intelligence (AI) using computer vision to assess the condition of cars and homes - recently announced a $65 million Series E investment led by SoftBank Vision Fund 2. The existing investors Insight Partners and Georgian participated in the round. As part of the transaction, Nahoko Hoshino, Investment Director for SoftBank Investment Advisers will join the Tractable board.

Artela: Extensible Blockchain Network Company Lands $6 Million In Funding

By Dan Anderson ● Aug 3, 2023

Artela recently announced that it had raised over $6 million in seed round funding led by Shima Capital with participation from A&T Capital, Big Brain Holdings, SevenX Ventures, Dispersion Capital, Amino Capital, and others.

Cavli Wireless: Cellular IoT Semiconductor Company Brings In $10 Million In Series A

By Annie Baker ● Aug 3, 2023

Cavli Wireless - a leading player in the Cellular IoT ecosystem - recently announced the closure of its $10 million Series A round from global investors. This funding round was led by Chiratae Ventures and Qualcomm Ventures. In addition, a major US technology conglomerate also participated in the round.

Tenpoint Therapeutics: $70 Million Closed To Reverse Vision Loss

By Annie Baker ● Aug 3, 2023

Tenpoint Therapeutics - a biotechnology company pursuing vision-restoring engineered cell-based therapeutics and in vivo reprogramming to address degenerative ocular diseases - recently announced its launch with a $70 million Series A financing to develop its regenerative medicine platform to replace multiple cell types lost to inherited and age-related conditions.

SpeedyBrand: Generative AI Platform Company Secures $2.5 Million

By Dan Anderson ● Aug 3, 2023

SpeedyBrand - an innovative Generative AI platform founded by Ayush Jasuja, Jatin Mehta, and Ranti Dev Sharma - recently announced has raised $2.5 million led by Y Combinator and GV (Google Ventures). And the company will use the funding to advance and expand its AI-powered SEO content marketing platform tailored for small and medium-sized businesses (SMBs).