Startups

Flow Medical: University Of Chicago Medical Device Startup Raises $1 Million

By Amit Chowdhry ● Jun 26, 2023

University of Chicago company Flow Medical recently announced it raised $1 million from a medical device manufacturer and they are finalizing a product design. Flow Medical - which is creating a multi-function catheter for helping diagnose and treat venous thromboembolic disease - was founded by the University of Chicago researchers Jonathan Paul, associate professor of medicine, and Osmanuddin Ahmed, associate professor of radiology.

Outbound AI: $16 Million Raised To Advance Conversation AI For Healthcare

By Amit Chowdhry ● Jun 26, 2023

Outbound AI - a conversation AI platform built for healthcare - announced it raised $16 million in funding co-led by Madrona Venture Group and SpringRock Ventures. And the company recently emerged from stealth mode last year to a market hungry for solutions that improve both productivity and profitability. Also joining Outbound AI's seed financing are Epic Ventures, Ascend, Pack Ventures, Locke Capital, Tacoma Venture Fund, and KCRise Fund.

Luxury Fashion Gaming Company DREST Bags £15 Million In Funding

By Amit Chowdhry ● Jun 26, 2023

DREST - a mobile gaming company that opens up the often exclusive worlds of luxury fashion, beauty and lifestyle to everyone, everywhere - announced recently that it raised £15 million of funding to continue the genre defining development of its new product proposition DREST Game 2.0.

Upstream Bio: $200 Million Secured For Advancing Therapeutics For Allergic and Inflammatory Diseases

By Annie Baker ● Jun 26, 2023

Upstream Bio - a biotech company focused on inflammation - recently debuted with a $200 million Series A financing. The funding round will enable Upstream to advance the company’s lead program UPB-101, a clinical-stage monoclonal antibody targeting the TSLP receptor, and build a pipeline of assets to address immune-mediated diseases. The Series A funding round was led jointly by OrbiMed and Maruho Co., Ltd. with participation from Access Biotechnology, Decheng Capital, HBM Healthcare Investments, TCG X, Omega Funds, Samsara BioCapital, and Altshuler Shaham Provident Funds Ltd.

Yuvo Health Closes $20.2 Million To Bring Quality Care To Underserved Communities

By Noah Long ● Jun 26, 2023

Yuvo Health - a leading technology-enabled administrative and managed-care solution for community health centers - announced it has raised an oversubscribed $20.2 million Series A round of financing.

Pomelo Care: Virtual Medical Practice Company Raises $33 Million

By Dan Anderson ● Jun 26, 2023

Pomelo Care - a virtual medical practice that improves maternal and newborn health outcomes - recently announced $33 million in Seed and Series A funding led by Andreessen Horowitz. This funding round will be used for driving Pomelo’s continued partnership expansion with major health plans, including several Medicaid-managed care organizations, employers, and leading academic medical centers on the front lines of the national maternal health crisis.

Maverick Protocol: $9 Million Secured For Developing An Efficient DeFi Infrastructure

By Amit Chowdhry ● Jun 26, 2023

Maverick Protocol - a decentralized finance (DeFi) infrastructure provider focused on increasing industry efficiency - recently announced a $9 million round of funding. This funding round was led by venture capital firm Founders Fund, with support from other renowned firms including Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto.

DexCare: Patient Demand And Care Access Platform Company Closes $75 Million In Series C

By Amit Chowdhry ● Jun 24, 2023

DexCare - a leading patient demand and care access platform - recently announced the closing of its $75 million Series C funding round led by ICONIQ Growth.

Kate Therapeutics: Gene Therapy Company Raises $51 Million

By Noah Long ● Jun 24, 2023

Kate Therapeutics - a next-generation gene therapy company - recently emerged from stealth mode with a $51 million Series A financing co-led by founding investor Westlake Village BioPartners and Versant Ventures with participation from Osage University Partners and UF Innovate | Ventures. And the company has granted Astellas Pharma Inc. an exclusive, worldwide license to develop, manufacture and commercialize KT430 to treat X-linked myotubular myopathy (XLMTM), the details of which are described in a separate press release issued today.

Mozart Therapeutics: $25 Million Closed To Develop Disease-Modifying Therapies For Autoimmune And Inflammatory Diseases

By Annie Baker ● Jun 23, 2023

Mozart Therapeutics - a leading developer of CD8 Treg Modulators for the treatment of autoimmune and inflammatory diseases - announced it has raised $25 million from new investors in a Series A extension, bringing the total raise to $80 million. The funding will be used to advance the company's lead candidate, MTX-101, into first-in-human clinical trials and to support pipeline expansion.

LexLab: Justice Tech Accelerator Program Launched In Partnership With gener8tor, Village Capital, And The Justice Technology Association

By Amit Chowdhry ● Jun 23, 2023

LexLab - a center at UC Law San Francisco that focuses on law, technology, and innovation - announced recently that it partnered with gener8tor, Village Capital, and the Justice Technology Association for an accelerator program supporting justice tech startups. Launched in 2019, LexLab worked with over 100 entrepreneurs to hone their offerings and is recognized as a leader in accelerating legal technology startups.

Medivis: $20 Million Funding Raised For Advancing Surgery With AR

By Annie Baker ● Jun 23, 2023

Medivis - a medical technology company with a goal of establishing augmented reality as the new standard in surgical navigation - announced a $20 million Series A funding round led by Thrive Capital with participation from Initialized Capital and Mayo Clinic. And additional investors include Bob Iger, Kevin Durant, Dr. Robert Spetzler, Hugo Barra and Coalition Operators.

UCLA Health Seeking Second Cohort Applicants For TechQuity Accelerator

By Amit Chowdhry ● Jun 23, 2023

UCLA Health is now seeking applications for a new cohort of innovators to be part of its TechQuity Accelerator for 2023, which is an initiative that supports startups and other fledgling companies with technologies that can improve health equity among underserved and vulnerable patient populations. Launched last year in response to COVID-19’s disproportionate impact on minority communities, the TechQuity Accelerator strives to strengthen health security by targeting four overall areas: prevention, diagnosis, treatment, and community impact.

RxLightning: Specialty Medication Access Company Closes $17.5 Million In Funding

By Dan Anderson ● Jun 23, 2023

RxLightning - a creator of the industry’s first comprehensive platform for streamlining specialty medication access and affordability - announced that it closed a $17.5 million Series A investment to support the company’s growth and further remove barriers to life-saving therapies.

Sourcemap: Supply Chain Mapping Software Company Closes $20 Million

By Noah Long ● Jun 23, 2023

Sourcemap - a leading global provider of supply chain mapping and monitoring software - announced the closing of a $20 million Series B investment led by Energize Ventures with participation from the E14 Fund. And Sourcemap will utilize this latest funding to further expand its global footprint and add business-critical solutions to its supply chain mapping and monitoring software suite.

Nexa Equity: $180 Million Private Equity Fund Closed

By Amit Chowdhry ● Jun 23, 2023

Nexa Equity - a San Francisco-based private equity firm focused on investing in lower-middle market application software and fintech businesses - announced the successful closing of its inaugural fund Nexa Equity Fund I, L.P. with over $180 million in capital commitments. This fund received substantial support from leading university endowments, foundations, investment advisers, fund-of-funds, family offices, entrepreneurs, private equity leaders, and other financial institutions. And Nexa Equity has raised an additional $150 million through deal-specific co-investment vehicles, bringing the firm’s total private equity capital under management to over $330 million.

Haiqu: Quantum Computing Software Company Completes $4 Million Funding Round

By Noah Long ● Jun 23, 2023

Haiqu - a startup building software to enhance the performance of quantum processors - announced recently it has closed a $4M financing round led by MaC Venture Capital, with participation from Toyota Ventures, SOMA capital, u.ventures, SID Venture Partners, and Roosh Ventures. This funding round also included private contributions from Paul Holland, Alexi Kirilenko, and Gordy Holterman.

Ferretly: Social Media Screening SaaS Company Closes $1.5 Million In Funding

By Annie Baker ● Jun 23, 2023

Ferretly - an AI-powered social media screening SaaS start-up - recently announced that it has raised $1.5 million in a seed round of funding led by Bull City Venture Partners (BCVP) with participation from Seed Round Capital and prior investors including a group of industry experts led by Dave Dickerson, Founder and Chairman of Accurate Background.

PayNearMe: $45 Million Raised To Improve Consumer Payment Experiences

By Noah Long ● Jun 23, 2023

PayNearMe - a rapidly growing fintech company focused on improving the consumer payment experience - announced it has closed $45 million in Series D funding led by Queensland Investment Corporation (QIC) with participation from True Ventures, Costanoa Ventures, August Capital, DNS Capital, Invicta Management and H. Barton Asset Management.

Conformal Medical: $35 Million Secured To Develop Next-Generation Left Atrial Appendage Occlusion Technology

By Annie Baker ● Jun 23, 2023

Conformal Medical - a medical device company developing next-generation left atrial appendage occlusion (LAAO) technology - announced the successful completion of its Series D funding round, raising a total of $35 million. The highly supported round reflects the progress and achievements made since its last funding round - which includes the initiation of the CONFORM Clinical Trial.

Amogy: Energy-Dense Ammonia Power Solutions Company Closes $150 Million In Funding

By Dan Anderson ● Jun 23, 2023

Amogy - a pioneer of emission-free, energy-dense ammonia power solutions - announced its $11 million Series B-2 fundraising, joined by Marunouchi Climate Tech Growth Fund, Mitsubishi Corporation, Mitsubishi Heavy Industries America and Synergy Marine. And this funding concludes Amogy's Series B fundraising.

Sensydia: Non-Invasive Cardiac Diagnostic Company Secures $3 Million NIH Grant

By Noah Long ● Jun 22, 2023

Sensydia - a non-invasive cardiac diagnostic company - announced recently that it was awarded a Fast-Track Small Business grant from the National Heart, Lung, and Blood Institute (NHLBI), part of the National Institutes of Health (NIH).

Forge Nano: $50 Million Raised To Build Out Battery Production Line

By Dan Anderson ● Jun 22, 2023

Forge Nano - a global leader in precision nano-coating technology - recently announced the closing of over $50 million in funding led by key investments from Korea’s Hanwha Corporate Venture Capital with participation from OIC, Catalus Capital, Ascent Funds, and existing investors. This funding round brings the company’s total amount of capital raised to date to more than $95 million.

Fero Labs: AI-Driven Manufacturing Process Optimization Software Company Raises $15 Million

By Annie Baker ● Jun 22, 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) with additional participation from investors Blackhorn Ventures, Innovation Endeavors, and DI Technology.

Elastio: Cloud Native Recovery Assurance Platform Company Pulls In $18 Million In Funding

By Noah Long ● Jun 22, 2023

Elastio is a cloud native recovery assurance platform that bridges the gap between data protection and cybersecurity in the cloud. The company 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.

AptEdge: $11 Million Raised To Advance AI-Driven Customer Service Platform

By Dan Anderson ● Jun 22, 2023

AptEdge - a generative AI startup building an answer engine for customer service - announced it has raised an oversubscribed $11M seed+ round led by Stage 2 Capital with other investors (Unusual Ventures, National Grid Partners, Carya Venture Partners, Counterpart Ventures) to support momentum behind its revolutionary solution for the customer service industry.

Percepto: Autonomous Inspection And Monitoring Solution Provider Closes $67 Million

By Noah Long ● Jun 22, 2023

Percepto - a leading autonomous inspection and monitoring solution provider - announced a combined $67M Series C in equity and debt funding led by Koch Disruptive Technologies (KDT), alongside new investors Zimmer Partners and one of the largest U.S. energy companies.

Pebble: $13.6 Million Raised To Develop Hassle-Free Electric RV Experiences

By Annie Baker ● Jun 22, 2023

Pebble is a California-based startup that recently came out of stealth with its plans to develop a hassle-free electric RV experience designed for a new way to live, work and explore. And the company has raised $13.6 million from Lightspeed, Vision+, and UpHonest Capital to bring innovation to the RV industry that has seen few technological advancements in the past 50 years.

Trust Lab: $15 Million Raised To Mitigate Harmful And Illegal Content

By Noah Long ● Jun 22, 2023

Trust Lab - a company transforming how companies and public entities safeguard Internet users - announced it has closed a Series A funding round of $15 million led by U.S. Venture Partners (USVP) and Foundation Capital.

evolvedMD: Integrated Collaborative Care Management Services Company Closes $14 Million

By Dan Anderson ● Jun 22, 2023

evolvedMD - a market leader in delivering integrated Collaborative Care Management (CoCM) services in primary care - announced it has raised a $14 million Series-A Prime round led by San Francisco-based Conductive Ventures with additional investment from FCA Venture Partners of Nashville, Healthworx in Washington, D.C., and Boston-based Tectonic Ventures and Waterline Ventures.