Startups

SOS: Smart Wellness Vending Machine Company Raises $7.6 Million

By Annie Baker ● Jul 10, 2023

SOS - a female-founded company that is redefining wellness on the go through a fast-growing network of smart vending machines - recently announced $7.6 million in funding in two separate strategic partnerships: a $2.6 million investment round supported by Wasserman Ventures and a $5 million round led by Urban Us Capital to support machine production and expansion.

Limble: Computerized Maintenance Management Systems Company Raises $58 Million

By Amit Chowdhry ● Jul 10, 2023

Limble - a leading provider of modern computerized maintenance management systems (CMMS) - recently announced a $58 million Series B funding round led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), bringing the company's valuation to $450 million.

FundMiner: $1.725 Million Secured to Help Fundraising Organizations Measure And Maximize Impact

By Noah Long ● Jul 10, 2023

FundMiner - an AI-powered platform that helps fundraising organizations measure and maximize impact - recently announced that it has raised $1.725 million in funding. Arizona-based Sonoran Founders Fund led the funding round, followed by Techstars, Cascade Seed Fund, and more.

Fero Labs: AI-Driven Manufacturing Process Optimization Company Closes $15 Million In Funding

By Noah Long ● Jul 10, 2023

Fero Labs - an AI-driven manufacturing process optimization software company - recently announced the closing of a $15 million growth round led by Climate Investment (CI; formerly OGCI Climate Investments) with additional participation from investors Blackhorn Ventures, Innovation Endeavors, and DI Technology. This funding round brings Fero Labs' total funding to date to $30 million.

BrainTrust Founders Studio Sets Up $25 Million Fund For Beauty And Wellness Companies

By Amit Chowdhry ● Jul 10, 2023

BrainTrust Founders Studio - one of the largest members-only platforms dedicated to Black founders of beauty and wellness companies - recently announced the BrainTrust Fund, a planned $25 million venture fund. The BrainTrust Fund invests exclusively in early-stage companies identified via BrainTrust Founders Studio whose 120+ members collectively sold over $100 million in products via 23,000 retail doors and online in the past year.

Elastio: Recovery Assurance Platform Closes $18 Million In Series A Funding

By Dan Anderson ● Jul 10, 2023

Elastio recently announced an oversubscribed $18 million Series A investment led by Venture Guides, new investors Capri Ventures, and Alumni Ventures, with strong participation from existing investors Bain Capital Ventures and Uncorrelated Ventures.

Precedent: Digitized Demand Handling Insuretech Company Secures $9 Million

By Annie Baker ● Jul 10, 2023

Precedent - the insurance industry's first Digitized Demand Handling technology - recently announced that it has closed $9 million in Seed funding, provided by Adir Ventures (Adir). This new funding round will be used to bring Precedent's suite of products to more insurers as well as broaden and accelerate new product development.

Augmenta: $11.75 Million Raised To Automate Building Design For The Construction Industry

By Dan Anderson ● Jul 10, 2023

Augmenta - the company automating building design for the construction industry - recently announced it has raised US$11.75 million in a seed extension round that will be used to commercialize the company’s groundbreaking design platform for the construction industry.

GreenPlaces: All-In-One Sustainability Platform Company Closes $13 Million In Funding

By Annie Baker ● Jul 10, 2023

GreenPlaces - an all-in-one sustainability platform - recently announced $13 million in Series A led by Redpoint Ventures along with Felicis, Tishman Speyer Ventures, and Bull City Venture Partners. And this investment fuels GreenPlaces on its mission to bring sustainability to the mass market where over 83% of global emissions (or an estimated 39 billion tons of CO2e) live.

Yendo: Vehicle-Secured Credit Card Company Pulls In $24 Million In Funding

By Annie Baker ● Jul 10, 2023

Yendo - a company that created the first-ever vehicle-secured credit card - recently announced the closing of its $24 million in Series A financing led by FPV Ventures along with existing investors Human Capital and Autotech Ventures. And this marks a significant milestone for Yendo, a company that provides a prime credit offering to the millions of Americans who previously lacked access to the financial system because of their credit score.

Picket: Real Estate Investment Platform Receives $20 Million In Funding

By Dan Anderson ● Jul 10, 2023

Picket - a leading provider of integrated technology and services for residential real estate investing, management, and resident experience - recently announced $20 million in Series B financing led by LL Funds. RET Ventures, which led Picket’s Series A round of financing in 2022, is also participating in the Series B round.

Render: Modern Cloud Company Closes $50 Million

By Dan Anderson ● Jul 10, 2023

Render - a modern cloud for application developers and teams - recently announced that it has raised $50 million in Series B funding led by Bessemer Venture Partners with participation from existing investors Addition, General Catalyst, and the South Park Commons Fund. And the company also announced Bessemer’s Elliott Robinson and Addition’s Todd Arfman will join its board of directors.

Parrot: $11 Million Raised For Platform That Transcribes And Manages Depositions

By Annie Baker ● Jul 10, 2023

Parrot - a full-stack platform for transcribing and managing depositions - recently launched and announced $11 million in Series A funding and the release of the first product specifically offering AI-generated deposition summaries to legal professionals. And Amplify Partners and XYZ Venture Capital led the round bringing the total funds raised to $14 million for the tech-enabled court reporting company. The funding will be used to expand go to market, accelerate product development and deepen its investment in artificial intelligence.

Rose Rocket: Cloud-Native Transportation Management Software Company Raises $38 Million

By Annie Baker ● Jul 10, 2023

Rose Rocket - a SOC II compliant cloud-native provider of transportation management software (TMS) for trucking companies and 3PLs - recently announced that it has closed $38 million USD in Series B funding, bringing the company’s total funding to date to $69 million USD.

Calidi Biotherapeutics: $25 Million Raised To Accelerate Development Of Allogeneic Cell-Based Delivery Of Oncolytic Viruses

By Noah Long ● Jul 10, 2023

Calidi Biotherapeutics - a clinical-stage biotechnology company that is pioneering the development of allogeneic cell-based delivery of oncolytic viruses - recently announced the commitment of $25 million in Series B funding led by Jackson Investment Group (JIG) - which has funded an initial investment of $5 million and participation from Calidi Cure, LLC, a consortium of new and existing investors led by Allan Camaisa, CEO and Chairman of Calidi.

WindBorne Systems: $6 Million Closed To Improve Weather Forecasting With Balloons

By Dan Anderson ● Jul 10, 2023

WindBorne Systems - a weather and climate tech company with an ultra-cost-effective balloon-based data source - recently announced that it has closed a seed financing round of $6 million. The funding round was led by Footwork and included Khosla Ventures, Pear VC, Ubiquity Ventures, Harvest Ventures, and Humba Ventures, among others.

Hyfé: $9 Million Closed For Creating Future Feedstocks For Biomanufacturing

By Annie Baker ● Jul 10, 2023

Hyfé - a company that is transforming food processing wastewater into feedstocks for biomanufacturing and clean water - recently announced an oversubscribed $9 million seed investment led by Synthesis Capital. And additional participating investors include The Engine, Refactor Capital, Supply Change Capital, Overwater Ventures, X Factor Ventures, and Alumni Ventures.

PACIV Receives Investment From HCAP Partners

By Amit Chowdhry ● Jul 10, 2023

PACIV - a leading full-service provider of industrial automation solutions - has received an investment from HCAP Partners, a California-based private equity firm. This deal is part of a co-investment with Blackford Capital, who announced their acquisition of PACIV earlier this month. The terms of the investment were not disclosed.

KLH Capital: Oversubscribed Fund Closed At $400 Million Hard Cap

By Amit Chowdhry ● Jul 9, 2023

KLH Capital Partners, L.P. (KLH), a Tampa, FL-based private equity firm, recently announced the final closing of KLH Capital Fund V, L.P. (Fund V). This Fund was oversubscribed, hitting its hard cap of $400 million, thus reflecting strong demand for KLH’s strategy and attracting a diverse group of global investors, including endowments, foundations, family offices, fund of funds, insurance, and pension plans.

Pronghorn: $200 Million Commitment Closed To Cultivate Next Generation Of Black Entrepreneurs

By Amit Chowdhry ● Jul 9, 2023

Pronghorn - a standalone company on a mission to cultivate the next generation of Black entrepreneurs and executives in the spirits industry - recently released its first Impact Report and announced they have received a commitment of $200 million in support of the company's mission. And since the company's inception in 2022, Pronghorn has invested in 19 brands, which is a major milestone for its first year in business.

On.Energy: Battery Energy Storage Company Secures $20 Million

By Dan Anderson ● Jul 9, 2023

On.Energy - a proven end-to-end integrator of battery energy storage and an Independent Power Producer (IPP) - recently announced it raised $20 million in equity financing in a Series B round led by Ultra Capital.

Kodem: Dynamic Software Composition Analysis Company Closes $25 Million In Funding

By Annie Baker ● Jul 9, 2023

Kodem - a dynamic software composition analysis (SCA) platform that uses runtime intelligence to determine application risk - recently announced that it launched from stealth and announced $25 million in funding from Greylock and TPY Capital. Kodem will use the funds to launch its platform globally and expand its go-to-market team.

Pollen: $4 Million Closed To Power Independent Careers

By Noah Long ● Jul 9, 2023

Pollen - a professional membership powering independent careers - announced recently that it has raised $4 million in funding from ANIMO VC, Founder Collective, XYZ Venture Capital, Precursor Ventures, and an esteemed group of angels.

Sollis Health: Concierge Urgent And Emergency Care Company Raises $15 Million

By Dan Anderson ● Jul 9, 2023

Sollis Health - a category creator of concierge urgent and emergency care - recently announced its $15 million extension in Series A funding. This extension follows a $30 Million Series A round in December 2021 and it strengthens ties between Sollis and returning investors including Torch Capital, Strand Equity, Arkitekt Ventures, and Read Capital.

Arboretum Ventures: Sixth Fund Target Exceed At $268 Million

By Amit Chowdhry ● Jul 9, 2023

Arboretum Ventures - a healthcare venture capital firm based in Ann Arbor, Michigan - announced the closing of its $268 million sixth fund, exceeding the target fund size. The investors include major health systems, payors, pension funds, endowments, and family offices.

CADDi: Global Procurement Solutions Company Raises $89 Million

By Amit Chowdhry ● Jul 9, 2023

CADDi - a global procurement solutions provider for the manufacturing industry - recently announced that it has secured a $89 million Series C funding round, raising its total capital to $164 million.

IP Fabric: Intent-Based Networking Technology Company Raises $25 Million

By Noah Long ● Jul 8, 2023

IP Fabric - a market leader in automated network assurance - recently announced that it has closed a $25 million Series B funding round led by One Peak with the participation of Senovo and Presto Ventures.

Maza: $8 Million Secured To Help U.S. Immigrants With Financial Identities

By Amit Chowdhry ● Jul 8, 2023

Maza - a financial platform designed to provide immigrants with the financial identities they need to realize their American Dream - announced an $8 million seed round led by Andreessen Horowitz.

Dalan Animal Health: Bee Vaccine Company Closes $4.5 Million

By Dan Anderson ● Jul 8, 2023

Dalan Animal Health - a pioneering biotech company in insect health - recently announced the successful closure of a $4.5 million Series Seed 3 funding round. This funding round was led by Prime Movers Lab with participation from At One Ventures, bringing Dalan's total funding to $10 million.

Neko Health: Preventative Healthcare Company Secures €60 Million

By Dan Anderson ● Jul 8, 2023

Neko Health - a preventative healthcare technology company co-founded by Hjalmar Nilsonne and Daniel Ek - recently announced the completion of a €60 million Series A funding. This is the first time the company raised external capital and the investment was led by Lakestar with participation from Atomico and General Catalyst.