Startups

CareSource Investing $1 Million In Augment Therapy

By Noah Long ● May 3, 2023

CareSource - a nationally recognized nonprofit managed care organization - announced a $1 million investment in Augment Therapy, a digital health company enhancing rehabilitative health care and exercise through immersive and gamified technology. And this investment will further CareSource’s mission to connect its members to the latest digital technologies for helping address care gaps and ensure all people have access to innovative care.

Ten63 Therapeutics: $15.9 Million Raised To Combine Generative AI And Physics-Based Models

By Dan Anderson ● May 3, 2023

Ten63 Therapeutics - a company combining generative AI and physics-based models to develop first- and best-in-class therapeutics - announced the closing of an oversubscribed $15.9 million Series A financing led by new investor Hatteras Venture Partners. And Morpheus Ventures, SOSV, Draper Associates, Alexandria Venture Investments, the Sigma Group, and other new investors also participated in the round.

Mezzion Pharma: $40 Million Secured To Advance First-To-Market Treatment Option For Fontan Patients

By Annie Baker ● May 2, 2023

Mezzion Pharma - a rare disease-focused pharmaceutical company - announced recently that it has secured nearly $40 million to fund FUEL-2, which is its confirmatory phase 3 clinical trial along with future commercialization and regulatory submissions in other countries including Europe.

Virta Health: $93 Million Raised To Take On Type 2 Diabetes Epidemic And Expand Diabetes Reversal

By Noah Long ● May 2, 2023

Virta Health - the first company with a treatment to sustainably reverse type 2 diabetes (T2D) without medications or surgery - announced that it has raised $93 million in Series C funding to combat the growing prevalence of Type 2 Diabetes (T2D), bringing the total equity funding to $166 million.

Replit: Cloud Developer Company Gets $97.4 Million Funding And $1.16 Billion Valuation

By Annie Baker ● May 2, 2023

Replit - the company behind the Ghostwriter developer platform, which is generative AI for software development - announced the close of its $97.4 million funding round at a $1.16 billion post-money valuation. And Replit plans to use the new funding round to innovate on its core development experience, expand its cloud services for developers, and drive innovation in AI and LLMs through Ghostwriter.

Vedanta Biosciences: $106.5 Million Raised To Advance Pipeline of Defined Bacterial Consortia Therapies

By Annie Baker ● May 2, 2023

Vedanta Biosciences - a clinical-stage company that is developing a potential new category of oral therapies based on defined bacterial consortia - announced that it has raised $106.5 million to support pivotal-stage development of its lead candidate VE303 for the prevention of recurrent Clostridioides difficile infection (CDI), and a Phase 2 study of VE202 for ulcerative colitis, and other development activities.

Distalmotion: Robotic Surgery Platform Company Raises $150 Million Funding

By Amit Chowdhry ● May 2, 2023

Distalmotion recently announced the first closing of its $150 million financing. This significant funding round reinforces the confidence of Distalmotion’s existing investors led by Revival Healthcare Capital.

Cosmose AI: Strategic Funding Raised At $500 Million Valuation

By Dan Anderson ● May 2, 2023

Cosmose AI is a global platform company that predicts and influences how people shop offline that recently announced a strategic investment from NEAR Foundation (a leader in Web3 technologies), which valued the company at $500 million. With this new funding round, Cosmose is set to apply Web3 principles and further advance the AI-driven retail ecosystem.

Adcentrx Therapeutics: Antibody-Drug Conjugate Therapeutics Company Secures $38 Million

By Dan Anderson ● May 2, 2023

Adcentrx Therapeutics - a biotechnology company dedicated to revolutionizing Antibody-Drug Conjugate (ADC) therapeutics for cancer and other life-threatening diseases - announced the closing of a $38 million Series A+ financing.

Cyclic Materials: Advanced Metals Recycling Company Raises $27 Million

By Annie Baker ● May 2, 2023

Cyclic Materials - an advanced metals recycling company focused on producing critical materials - announced it has raised $27 million in an oversubscribed Series A financing. The funding round was led by Energy Impact Partners (EIP) and BMW i Ventures (BiV) and included participation from Fifth Wall, Bioindustrial Innovation Canada (BIC), and existing Cyclic Materials investor Planetary Technologies.

Hydrosat: Climate Tech Company Raises $20 Million

By Dan Anderson ● May 2, 2023

Climate tech company Hydrosat announced $20 million in a new round of funding, including a $15 million Series A round and more than $5 million in non-dilutive funding to aid in the growth and development of its constellation of satellites and analytics to measure water stress and climate impact.

Rinsed: Car Wash CRM Company Secures $20 Million

By Noah Long ● May 2, 2023

Car Wash customer relationship management (CRM) company Rinsed announced a $20 million Series B investment from VMG Technology. Rinsed was founded in 2019 by Austin Esecson, Sam Logan, and Nic Hippenmeyer. And the company previously announced $15 million in capital raised across its Series A and Seed rounds from Bedrock Capital, Founders Fund, Y Combinator, and Mischief.

Ox: Frontline Operations AI Company Raises $12.6 Million

By Annie Baker ● May 2, 2023

Ox - which is an AI-powered technology platform for frontline operations - announced the closing of a $12.6 million Series A round co-led by BBG Ventures and MaC Venture Capital. This funding round also includes participation from existing investors Cortado Ventures, Revolution's Rise of the Rest Seed Fund, Florida Funders, KCRise, Tech Square Labs, and Vuzix along with new investors, Atento Capital and Agya Ventures.

CarbonChain: $10 Million Raised To Drive Global Decarbonization

By Noah Long ● May 1, 2023

CarbonChain - an AI-fueled carbon accounting platform that is using granular data to provide end-to-end visibility into the carbon footprint of a company's supply chain - announced its $10 million Series A funding round co-led by Union Square Ventures and Voyager Ventures.

ODAIA: $25 Million Secured For Advancing AI-Driven Commercial Insights For The Pharma Industry

By Amit Chowdhry ● May 1, 2023

ODAIA - the company behind MAPTUAL, an AI-powered commercial insights SaaS platform for pharmaceutical companies - announced it raised an oversubscribed $25 Million Series B financing round led by Threshold Ventures and co-led by Monograph Capital.

NetRise: $8 Million Raised To Provide Visibility Into The XIoT Security Problem

By Annie Baker ● May 1, 2023

NetRise - a company that is providing visibility into the world's Extended Internet of Things (XIoT) security problem - announced $8 million in funding. This funding round was led by Squadra Ventures, with participation by existing major investors Miramar Digital Ventures, Sorenson Ventures and DNX Ventures.

Riscosity: Risk Management And Mitigation Company Raises $7 Million

By Noah Long ● May 1, 2023

Riscosity — a leading software platform revolutionizing risk management and mitigation across enterprise data supply chains — announced $7 million of new funding.

Summer: $6 Million Raised To Reduce Education Costs And Student Debt

By Amit Chowdhry ● May 1, 2023

Summer - a certified B Corp committed to addressing the national student debt crisis - announced it has raised $6 million in new capital with $18 million raised in funding to date. And General Catalyst, QED Investors, Flourish Ventures, Greycroft, Story Ventures, Gaingels, Calm VC, Partnership Fund for NYC, Fenway Summer, BDMI, and Avidbank participated in the financing.

Hakimo: $6 Million Raised To Modernize Physical Security Through Its AI Software

By Noah Long ● May 1, 2023

Hakimo - a technology company dedicated to modernizing physical security through its AI software - announced $6 million in new funding led by Rocketship.vc with participation from existing investors Neotribe Ventures, defy.vc and Firebolt Ventures as well as new investors Carrier Global Corporation (through its venture capital group Carrier Ventures), and renowned physical security industry entrepreneur John L. Moss.

Springbok Analytics: $3 Million Closed To Transform MRI Into Personalized 3D Muscle Visualizations For Health Applications

By Dan Anderson ● May 1, 2023

Springbok Analytics has announced the closing of an oversubscribed $3 million seed investment round led by Transition Equity Partners.

Albatroz Therapeutics: $3 Million Raised To Target Tissue Remodeling For Stop Cancer Growth And Treating Arthritis

By Annie Baker ● May 1, 2023

Albatroz Therapeutics - a biotechnology company targeting tissue remodeling to stop cancer growth and treat arthritis - announced it has secured $3 million in funding led by Outram Bio and SEEDS Capital to accelerate the development of therapeutic antibodies against a novel target that degrades the extracellular matrix, which is a key contributor to cancer and arthritis.

Super.com: $85 Million Secured To Help Everyday Americans Save Money And Access Credit

By Dan Anderson ● May 1, 2023

Savings super app company Super.com announced a Series C funding round, which closed at $85 million led by Inovia Capital, significantly increasing the valuation of the company since its March 2021 Series B raise.

Tableland: $8 Million Raised For Building Permissionless Relational Databases For Web3 Applications

By Annie Baker ● May 1, 2023

Tableland - a permissionless relational database for web3 applications - announced an $8 million Series A round led by CoinFund with participation from Multicoin Capital, Blueyard and A Capital

eniferBio: Fungal Protein Company Raises €11 Million

By Annie Baker ● Apr 30, 2023

Finnish biotech company eniferBio has successfully raised an €11 million series A funding round. This funding round was led by Aqua-Spark with Tesi (Finnish Industry Investment) and Valio, Voima Ventures, and Nordic Foodtech VC also joining the round.

Congruent Ventures: Over $300 Million In Commitments Raised To Invest In Climate Tech

By Amit Chowdhry ● Apr 30, 2023

Early-stage climate and sustainability venture firm Congruent Ventures recently announced the closing of its first Continuity Funds focused on quickly scaling its early-stage portfolio with more than $300 million in commitments, which highlights the interest of institutional investors seeking exposure to climate venture despite a challenging fundraising environment.

Karate Combat: Martial Arts Sports League Raises $18 Million

By Dan Anderson ● Apr 30, 2023

Karate Combat - a live-action and full-contact martial arts sports league - announced an $18 million funding round led by BITKRAFT Ventures with additional participation from Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago R Santos, RooxieXBT, etc.

CyberQP (Formerly Quickpass): Privileged Access Management Company Raises $12 Million

By Amit Chowdhry ● Apr 30, 2023

CyberQP (formerly known as Quickpass Cybersecurity) - a leading provider of Privileged Access Management and Helpdesk Security Automation for MSPs - announced that it has officially rebranded and it raised an additional $12 million from its financial partner Arthur Ventures to continue to bring Privileged Access Management to MSPs.

Relievant Medsystems Secures $50 Million To Develop Treatments For Chronic Vertebrogenic Low Back Pain

By Annie Baker ● Apr 30, 2023

Relievant Medsystems - a company dedicated to transforming the diagnosis and treatment of vertebrogenic pain, a type of chronic low back pain (CLBP) - announced that it has completed the closing of its $50 million Series G financing.

Shield Raises $2.1 Million To Protect Organizations And Consumers From Crypto Exploits

By Amit Chowdhry ● Apr 30, 2023

Shield is a security company that is focused on protecting users from online scams. The company recently announced it has raised $2.1 million in pre-seed funding from Kraken Ventures, Eterna Capital, Alchemy, Moonpay, and several leading security investors.

Sonet.io: $6 Million In Funding Raised To Provide Security For Remote Workers

By Annie Baker ● Apr 30, 2023

Sonet.io - a company built for IT leaders that want a great experience for their remote workers while enhancing security and observability - announced that it emerged from stealth and announced it has raised $6 million in seed capital co-led by The Hive and WestWave Capital.