Startups

KTX.Finance: Decentralized Perpetuals Exchange Company Raises $4 Million

By Amit Chowdhry ● Jul 12, 2023

KTX.Finance - a decentralized perpetuals exchange on BNB Chain - recently announced a $4 million seed round financing led by Hashed. And other participants in the round include AlphaLab Capital, CRIT Ventures, 100&100 Ventures, Trinito Corporation / Morpheus, GSG Asset, KuCoin Ventures and Sky9 Capital.

Arrcus: Hyperscale Networking Software Company Closes Over $65 Million

By Amit Chowdhry ● Jul 12, 2023

Arrcus - a hyperscale networking software company and a leader in the core, 5G/edge and multi-cloud routing and switching - recently announced a significant new investment from Hitachi Ventures, the venture arm of Hitachi, for an additional closing of its Series D.

Wellington Management: Fourth Late-Stage Private Fund Closed At Over $2.5 Billion Target

By Amit Chowdhry ● Jul 12, 2023

Wellington Management - one of the world’s largest independent investment management firms - recently announced the close of its private late-stage growth strategy Wellington Hadley Harbor IV with US $2.6 billion in commitments and over $200 million in co-invest capacity to invest alongside the Fund.

Arrive: Smart Mailbox Company Raises Over $9 Million

By Amit Chowdhry ● Jul 12, 2023

Arrive, the smart mailbox company (formerly known as Dronedek), has raised more than $9 million in support of its smart mailboxes designed for autonomous delivery. The company also recently closed on a crowdfunding raise of more than $1.3 million from 428 investors, most of them new to the Indianapolis-based innovator. Plus Arrive now has nearly 5,000 individual investors and employs 15 people worldwide.

Gradia Health: Integrated Concierge Care Platform Closes $4.2 Million In Funding

By Amit Chowdhry ● Jul 12, 2023

Gradia Health - an integrated concierge care platform designed for clinics to support patients with chronic conditions - recently announced its seed funding totaling $4.2 million.

BigPanda Announces Generative AI For Automated Incident Analysis

By Amit Chowdhry ● Jul 11, 2023

BigPanda - a leader in Incident Intelligence and Automation powered by AIOps - recently announced Generative AI for Automated Incident Analysis, a new capability that uses advanced AI to estimate incident impact, suggest likely root causes and provide clear, natural language incident titles and summaries.

ElevenLabs: $19 Million Secured For Voice Technology Research Company

By Annie Baker ● Jul 11, 2023

ElevenLabs -a voice technology research company and world leader in audio AI software - recently announced it has raised a $19 million Series A round to continue its voice AI research and product deployment - part of its mission to make all content universally accessible. The $19 million Series A round was co-led by Nat Friedman, Daniel Gross, and Andreessen Horowitz with further participation from Credo Ventures, Concept Ventures, and an array of strategic angel investors including Instagram co-founder Mike Krieger, Oculus VR co-founder Brendan Iribe, Ubiquity6 co-founder Anjney Midha, Deepmind & Inflection co-founder Mustafa Suleyman, Runway co-founder Siqi Chen, Inkitt co-founder Ali Albazaz, Reface co-founder Dima Shvets, Perplexity AI co-founder Aravind Srinivas, Vercel founder Guillermo Rauch,// O’Reilly Media founder Tim O’Reilly, Creator Ventures and SV Angel. Embark Studios, Storytel, and TheSoul Publishing also join this round as investors. And Andreessen Horowitz is taking a board seat.

Solenic Medical: $5.1 Million Raised To Build Devices For Treating Prosthetic Joint Infections

By Amit Chowdhry ● Jul 11, 2023

Solenic Medical - a developer of a device that uses alternating magnetic fields (AMF) to treat prosthetic joint infections (PJI) - recently announced it has raised a $5.1 million Series A funding round.

Sharrow Marine: Over $30 Million In Funding Raised

By Amit Chowdhry ● Jul 11, 2023

Sharrow Marine - a subsidiary of Sharrow Engineering LLC, a leading manufacturer of revolutionary propellers for boats and ships - recently announced the successful completion of over $30 million series of debt and equity financings.

NewHaptics: Tactile Display Technology University Of Michigan Spin-Off Raises Funding From Accelerate Blue Fund

By Amit Chowdhry ● Jul 11, 2023

NewHaptics - an innovative tactile display technology company - recently announced it has raised growth capital from the Accelerate Blue Fund.

Danti: $2.75 Million Closed To Find Info About Physical Spaces On Earth

By Annie Baker ● Jul 11, 2023

Danti - the pioneers in helping users find relevant information about physical places on our planet - recently announced the closing of its $2.75 million pre-seed funding round. These are the details.

Leap: Retail Platform For Modern Brands Secures $15 Million

By Noah Long ● Jul 11, 2023

Leap - a retail platform for modern brands - recently announced a $15 million infusion of capital. These are the details.

ECFX: Electronic Court Notice Management Company Gathers $7 Million In Funding

By Noah Long ● Jul 11, 2023

ECFX recently revealed that Growth Street Partners made a minority growth investment in the company, the leading provider of electronic court notice management for law firms and corporate legal teams. The LegalTech Fund, which is a leading investor in innovative legal technology companies, also participated, as did Cove Fund and other existing investors. ECFX will be using the $7 million investment to expand its platform and further its leadership position in a rapidly adopting market.

Attovia Therapeutics: Precision Proteomics Company Closes $60 Million In Funding

By Annie Baker ● Jul 11, 2023

Alamar Biosciences (a company powering precision proteomics to enable the earliest detection of diseases) and Frazier Life Sciences recently announced the launch of Attovia Therapeutics, which is a newly formed company focused on creating a pipeline of biotherapeutics in immune-mediated disease and cancer. The company - based on Attobody, Alamar’s novel proprietary biparatopic nanobody platform - concurrently closed a $60 million Series A financing led by Frazier and joined by venBio and Illumina Ventures.

Cleareye.ai: Strategic Investment Raised From J.P. Morgan

By Amit Chowdhry ● Jul 11, 2023

Cleareye - the provider of a category-leading digital trade finance solution ClearTrade for digital automation of trade compliance and operations - recently announced it has secured a strategic investment from J.P. Morgan.

Hypar: $5.5 Million Secured For Building Design Automation Platform

By Annie Baker ● Jul 11, 2023

Hypar - a cloud-based design automation platform for buildings - recently announced a $5.5 million Series A round led by Brick & Mortar Ventures with participation from Building Ventures.

DUOS: Digital Health Company Closes $10 Million To Empower Older Adults To Live Independently

By Noah Long ● Jul 11, 2023

DUOS - a digital health company that is focused on empowering older adults to live independently - recently announced that it raised $10 million in funding led by Primetime Partners, SJF Ventures, and CEOC's Aging Innovation Fund managed by Castellan Group.

Focused Energy: Laser-Based Fusion Company Raises $82 Million

By Annie Baker ● Jul 11, 2023

Focused Energy - a laser-based fusion startup dedicated to developing fusion as a means of generating clean alternative energy - recently announced that it raised an additional $11 million in Series A funding, bringing its total funding to $82 million. The funding round was led by Prime Movers Lab, and previous investors VCP Capital and Tony Florence joined the round as well.

Hungry: Food-Tech Marketplace Company Secures $10 Million

By Noah Long ● Jul 11, 2023

HUNGRY - a food-tech marketplace company recently announced it closed a $10 million Series C1 funding round.

Tagworks Pharmaceuticals: $65 Million For Click-To-Release Chemistry To Deliver Safer Systemic Therapies

By Dan Anderson ● Jul 11, 2023

Tagworks Pharmaceuticals BV - the pioneer of Click-to-Release chemistry designed to deliver more effective and safer systemic therapies - recently announced a $65 million Series A financing led by Ysios Capital and Gilde Healthcare with participation from Novartis Venture Fund, New Enterprise Associates (NEA), and Lightstone Ventures. And they join existing investors including Meneldor and Oost NL.

Caraway: $16.75 Million For Digital Mental, Physical And Reproductive Healthcare Company

By Dan Anderson ● Jul 11, 2023

Caraway announced $16.75 million in Series A funding. The funding round was led by Maveron, an investor in consumer-only and early-stage companies, and GV. Returning investors include 7wireVentures and Hopelab Ventures with new participation from Wellington Access Ventures, Ingeborg Investments, and The Venture Collective. OMERS Ventures (a seed-stage investor in Caraway) will remain on the Board.

AccurKardia: Medical AI Software Company Secures $2.7 Million Seed Round

By Annie Baker ● Jul 11, 2023

AccurKardia - a medical AI software company delivering clinical-grade ECG interpretation software - recently announced the final closing and completion of its $2.7 million seed funding. The investors include the Popular Impact Fund, an early-stage investment vehicle from Popular Inc. (NYSE: BPOP) alongside other private investors. This funding milestone marks a significant step towards AccurKardia’s goal of improving patients’ outcomes and saving millions of lives regardless of geography.

Administrate: Enterprise Training Operations Platform Raises $6.4 Million

By Amit Chowdhry ● Jul 11, 2023

Administrate - a leading enterprise training operations platform - announced that it had raised $6.4 million from existing investors Archangels, Mercia, and the Scottish Investment Bank and that they also welcomed Hambro Perks as a new capital partner.

AltPep: $53 Million Raised To Develop Early Disease-Modifying Treatments And Detection Tools For Amyloid Diseases

By Dan Anderson ● Jul 10, 2023

AltPep Corporation - a privately-held biotechnology company developing early disease-modifying treatments and detection tools for amyloid diseases - recently announced the completion of a $52.9 million Series B financing round.

Kibsi: $9.3 Million In Funding Raised To Build Computer Vision Applications

By Annie Baker ● Jul 10, 2023

Kibsi announced it has successfully raised a combined total of $9.3 million in pre-seed and seed funding, which will fuel the company's continued product development and accelerate expansion. The funding included GTMfund, NTTVC, Preface Ventures, Ridge Ventures, Secure Octane, and Wipro Ventures.

Alvys: Middle Mile Logistics Company Brings In $6.3 Million In Funding

By Dan Anderson ● Jul 10, 2023

Alvys - an end-to-end operating system for middle-mile logistics companies with a laser focus on carriers - recently announced it has raised a $6.3 million seed round led by Bonfire Ventures with participation from RTP Global and strategic angel investors.

Altis Labs: $6 Million Secured To Accelerate Clinical Trials With AI

By Noah Long ● Jul 10, 2023

Altis Labs - the computational imaging company accelerating clinical trials with artificial intelligence - recently announced the closing of its US $6 million seed financing. And Benchstrength and Debiopharm Innovation Fund co-led the round with participation from strategic angels including Doug Foster, the former CEO of digital health company Verana Health, and Richard Gliklich, MD, the founder and CEO of real-world data company OM1.

Volt Banks $60 Million In Funding To Build Global Infrastructure For Real-Time Payments

By Amit Chowdhry ● Jul 10, 2023

Volt - a company building the global infrastructure for real-time payments - recently announced that it has raised a $60 million Series B to fund expansion into new international markets such as APAC and the Americas and support product development in existing markets across Europe, the UK, and Brazil.

Madrona Venture Labs: $11 Million Fifth Fund Established For AI Companies

By Amit Chowdhry ● Jul 10, 2023

Madrona Venture Labs (MVL) - a Seattle-based startup studio - recently announced $11 million for its fifth fund.

Aktos: $4.4 Million In Seed Funding Raised For Leading System Of Record For Modern Debt Collections Agencies

By Dan Anderson ● Jul 10, 2023

Aktos - a leading system of record for modern debt collections agencies - recently announced that it has raised $4.4 million in Seed funding co-led by 8VC and Crew Capital. And the new capital will be used to accelerate the company’s mission to build the modern AI-powered operating system for the $20 billion debt collection industry.