Startups

Visual Layer: $7 Million In Funding Raised To Curate Massive Data Sets For Training Generative AI Models

By Annie Baker ● Jun 4, 2023

Visual Layer announced $7 million in seed financing from Madrona and Insight Partners to curate the massive sets of visual data used to train, test, and fine-tune generative AI models.

Drug Farm: $27 Million Secured For Using Genetics And AI To Develop Immune-Modulating Therapies

By Noah Long ● Jun 4, 2023

Drug Farm, a private biotechnology company utilizing genetics and AI technologies to discover and develop innovative, immune-modulating therapies, has raised the first round of C series financing totaling $27 million.

Together: $20 Million Raised To Build Decentralized Cloud For AI

By Annie Baker ● Jun 4, 2023

Together - a company that will enable researchers, developers, and companies to leverage and improve artificial intelligence with an intuitive platform combining data, models, and computation - announced recently that it raised $20 million in funding. This funding round was led by Lux Capital.

Skin Pharm: $15 Million Minority Investment Received From Prelude Growth

By Noah Long ● Jun 4, 2023

Skin Pharm - a modern beauty brand and leading aesthetic skin care clinic - announced the company has received a minority investment from Prelude Growth Partners, a female-founded growth equity firm focused on high-potential and fast-growing consumer brands.

Unitea: $7 Million Secured For Engage-To-Earn Music Platform

By Dan Anderson ● Jun 4, 2023

Unitea - the only engage-to-earn music platform built to deepen connections between artists, brands, and fans - announced a seed round of $7 million led by 1st Class Guernsey, Chaos Capital, TokenSociety, and Fuel Venture Capital. Boasting a board of directors featuring industry titans like Pitbull (Armando Perez) and Claude VonStroke (Barclay Crenshaw), Unitea's unique platform is innovating the way fans engage digitally within the music industry.

Illumen Capital Closes Second Fund At $168 Million

By Amit Chowdhry ● Jun 4, 2023

Illumen Capital - a fund-of-funds focused on racial and gender diversity in investing - announced it has closed its second fund on $168 million, led by the Ford and WK Kellogg foundations along with more than 100 other investors. And the firm's second fund was oversubscribed, passing its initial target by around $20 million and nearly doubling the fundraising of its $88 million predecessor.

Red Beard Ventures: $25 Million Funding Round Banked To Accelerate Web3

By Annie Baker ● Jun 4, 2023

Red Beard Ventures recently announced it closed $25 million in funding from several notable investors including a16z's Marc Andreessen and Chris Dixon and John Crain (CEO of NFT company SuperRare). Web3 gaming company Animoca Brands also joined the round.

Auradine: Web Infrastructure Solutions Company Closes $81 Million

By Annie Baker ● Jun 4, 2023

Auradine - a pioneer in web infrastructure solutions including blockchain, security, and privacy - announced that it has raised $81 million in its initial round of funding.

Myeloid Therapeutics: Clinical Stage mRNA-Immunotherapy Company Inks $73 Million In Funding

By Noah Long ● Jun 4, 2023

Myeloid Therapeutics - a clinical-stage mRNA-immunotherapy company - announced the completion of a $73 million financing led by Hatteras Investment Partners with participation from new investors ARCH Venture Partners and Moore Strategic Ventures. All existing investors, including Newpath Partners, 8VC, and Alexandria Venture Investments, also participated in the round.

Moon Surgical: Collaborative Robotics Company Signs $55.4 Million In Funding

By Annie Baker ● Jun 4, 2023

Moon Surgical - a French-American pioneer in collaborative robotics - announced that it has secured $55.4 million in additional funding to support the continued development and planned commercialization of its Maestro System.

Boundless Bio: Precision Oncology Company Secures $100 Million In Oversubscribed Series C Funding Round

By Annie Baker ● Jun 3, 2023

Boundless Bio - a clinical-stage and next-generation precision oncology company developing innovative therapeutics directed against extrachromosomal DNA (ecDNA) for patients with oncogene amplified cancers - announced the closing of a $100 million Series C financing.

Insider: Marketing Platform Company Lands $105 Million In Funding

By Annie Baker ● Jun 3, 2023

Insider — a marketing platform for delivering individualized and cross-channel customer experiences — recently announced an investment of up to $105 million from existing investors Qatar Investment Authority (QIA) and Esas Private Equity.

Logik.io : $16 Million Secured To Improve B2B Buying Experiences

By Dan Anderson ● Jun 3, 2023

Logik.io - a company that is consumerizing B2B buying experiences through its intelligently guided product discovery, configuration, and recommendation engine - announced recently that it raised $16 million in Series A funding.

Swing Education Completes $38 Million In Series C To Connect Schools And Substitute Teachers

By Amit Chowdhry ● Jun 2, 2023

Swing Education - an online marketplace that connects schools and substitute teachers - announced $38 million in Series C funding.

TwinUp: $3 Million In Seed Funding Received For Metaverse Architecture Platform

By Dan Anderson ● Jun 2, 2023

TwinUp - a Frisco-based software company - announced a significant milestone in securing a lead investment of $3 million from private investors for its revolutionary software application tailored specifically for the architectural community.

Ray Therapeutics: Leading Optogenetics Company Secures $100 Million

By Annie Baker ● Jun 2, 2023

Ray Therapeutics - a leading optogenetics company - announced an upsized oversubscribed $100 million Series A financing round led by Novo Holdings A/S and joined by Deerfield Management, Norwest Venture Partners, Platanus, MRL Ventures Fund (the therapeutics-focused corporate venture fund of Merck & Co) and existing investor 4BIO Capital. The funding will advance multiple programs targeting blinding diseases of the eye through clinical development.

Proxima Fusion: €7 Million Raised To Design Power Plants Based On The Stellarator Concept

By Amit Chowdhry ● Jun 2, 2023

Proxima Fusion is a fusion startup that is designing fusion power plants based on the stellarator concept that has completed its pre-seed fundraising of €7 million. The funding round was co-led by Plural and UVC Partners and joined by High-Tech Gründerfonds (HTGF) and the Wilbe Group.

Prime Roots: $30 Million Raised To Create Plant-Based Deli Meats

By Noah Long ● Jun 2, 2023

Prime Roots is a leading innovator of deli-style meats made from koji mycelium that recently announced $30 million in Series B funding from True Ventures, Pangaea Ventures, Prosus Ventures, Top Tier Capital, Diamond Edge Ventures, SOSV/IndieBio, Solasta Ventures, Monde Nissin, Alumni Ventures, Gaingels, Meach Cove Capital, The House Fund, and Hyphen Capital. With this round of funding, the company has raised a total of about $50 million. This round of funding will enable Prime Roots to scale and expand to deli counters and restaurants nationwide.

Pearl Energy Investments Closes Third Fund With About $705 Million

By Amit Chowdhry ● Jun 2, 2023

Pearl Energy Investments - a Dallas-based energy investment firm with $1.9 billion of committed capital under management - announced the final closing of its third fund Pearl Energy Investments III, L.P. and affiliated funds with total commitments of approximately $705 million which represents the largest investment vehicle in Pearl’s history.

CUR8: £5.3 Million Landed To Advance The Carbon Removals Industry

By Amit Chowdhry ● Jun 2, 2023

CUR8 - a climate tech startup accelerating the carbon removals industry - announced recently it has raised £5.3 million in pre-seed funding led by GV (Google Ventures). This funding round - which also included funding from CapitalT - will be used to grow the team, scale up capacity, and further product development of the CUR8 platform.

SageSure: Catastrophe-Exposed Property Insurance Company Secures $250 Million

By Dan Anderson ● Jun 2, 2023

SageSure - which is one of the largest independent managing general underwriters focused on providing catastrophe-exposed property insurance - announced the closing of a $250 million equity investment led by Amwins and Flexpoint Ford with participation from Ares Management Corporation.

boombox.io: Music Maker Collaboration Platform Secures $7 Million

By Amit Chowdhry ● Jun 2, 2023

boombox.io - a collaboration platform for music makers - announced it has closed $7 million of seed capital. This funding round was led by Forerunner with participation from super{set} startup studio and Ulu Ventures.

Ethernovia: $64 Million Funding Round Completed To Accelerate Vehicle Networks

By Noah Long ● Jun 1, 2023

Ethernovia announced recently that it has completed its Series A round of funding at $64 million. This funding round consists of multiple investors, including Porsche Automobile Holding SE (Porsche SE), Qualcomm Ventures, VentureTech Alliance, AMD Ventures, Western Digital Capital, Fall Line Capital, Taiwania Capital, ENEA Capital, and several others.

Zip: Intake-To-Pay Platform Inks $100 Million In Series C At $1.5 Billion Valuation

By Annie Baker ● Jun 1, 2023

Zip - an intake-to-pay platform - announced its $100 million Series C funding round at a $1.5 billion post-money valuation with investment from Y Combinator, CRV, and Tiger Global. And this funding round brings Zip’s total funding to $181 million with its prior seed, $25 million Series A, and $43 million Series B rounds.

Tipalti: $150 Million Raised To Build Global Payables Automation Platform

By Dan Anderson ● May 31, 2023

Tipalti - a leading global payables automation platform - announced it has raised $150 million in incremental growth financing from JPMorgan Chase Bank and Hercules Capital.

MarketX: Radiate Ventures’ Inaugural Fund Launched To Invest In Disruptive Technologies

By Amit Chowdhry ● May 31, 2023

MarketX - a global thematic investment platform focused on venture capital deals - along with the firm’s founder Cathryn Chen announced the launch of Radiate Ventures, which is a dedicated investment vehicle with discretionary capital investing in disruptive technologies focused on fintech, deep tech, and vertical SaaS.

Steno: Legal Support Services Company Secures $15 Million In Series B

By Annie Baker ● May 31, 2023

Steno - a tech-enabled provider of legal support services - announced the closing of a $15 million Series B funding round led by Left Lane Capital.

BuildOps: Modern Commercial Contractor Company Raises $50 Million

By Noah Long ● May 31, 2023

BuildOps - the only all-in-one management software built specifically for the modern commercial contractor - announced it has raised $50 million in additional funding.

PYOR Lands $4 Million In Funding To Build Insights For The Digital Assets Industry

By Dan Anderson ● May 31, 2023

PYOR (Power Your Own Research) - a pioneer in enabling high-fidelity data and insights for the digital assets industry - announced $4 million of funding in its seed round.

Spellbook: AI Copilot For Legal Industry Closes $10.9 Million In Funding

By Annie Baker ● May 31, 2023

Spellbook - an AI copilot for lawyers - announced recently a $10.9 million funding round led by Moxxie Ventures with participation from Thomson Reuters Ventures, Inovia Capital, The LegalTech Fund, Bling Capital, N49P, Concrete Ventures, Good News Ventures, Venture Newfoundland & Labrador and others as well as a formal rebrand from Rally to Spellbook.