Startups

Xelix: $160 Million Series B Raised For Advancing Agentic AI In Accounts Payable

By Amit Chowdhry ● Jul 22, 2025

Xelix, a leading agentic AI software company in the Accounts Payable (AP) space, announced a $160 million Series B funding round led by Insight Partners, with follow-on investments from Passion Capital and LocalGlobe. This funding will accelerate platform development and support more organizations in adopting AI for finance operations.

Nexxa.ai: $4.4 Million Pre-Seed Raised For Bringing Specialized AI To Heavy Industries

By Amit Chowdhry ● Jul 22, 2025

Nexxa.ai, an AI-native company focused on transforming the way industrial engineers operate in digital environments, announced a $4.4 million pre-seed funding round. The funding round was driven by a16z speedrun with participation from institutional investors Augment Ventures, Propeller Ventures, Plug and Play, Beat Ventures, SBI, Untapped Ventures, and Cross Atlantic Angels, as well as angel investors Rick Berry and Pat McCarthy, among others. The company was also selected for speedrun Badge 5, a16z's elite accelerator for AI startups.

Rune Technologies: $24 Million Series A Raised For Military Logistics Software

By Amit Chowdhry ● Jul 22, 2025

Rune Technologies is transforming military logistics with its AI-based software TyrOS, which was designed for the modern battlefield. The company recently secured $24 million in Series A funding, led by Human Capital, with contributions from Pax VC, Washington Harbour Partners, and existing investors like Andreessen Horowitz and Point72 Ventures.

DevvStream: $10 Million Initial Funding Raised For Launching Asset-Backed Digital Infrastructure

By Amit Chowdhry ● Jul 22, 2025

DevvStream, a leading carbon management company focusing on developing, investing in, and selling environmental assets, announced today that it has signed a securities purchase agreement for the issuance of up to $300 million in senior secured convertible notes. This move supports its strategic goal to create a blockchain-based treasury and launch a tokenization platform for sustainability-linked infrastructure.

Alix: $20 Million Series A Closed For Transforming Estate Settlement

By Amit Chowdhry ● Jul 22, 2025

Alix, a wealth transfer platform, has announced a successful $20 million Series A funding round, led by Acrew Capital, with participation from Charles Schwab and Edward Jones Ventures. Existing investors, including Initialized Capital, Scribble, Magnify, Ziegler Link•age Funds, and Cameron Ventures, also contributed to the oversubscribed funding round. With this latest investment, Alix has raised a total of $30.65 million.

Fortuna Health: $18 Million Raised For Consumer Medicaid Navigation Platform

By Amit Chowdhry ● Jul 22, 2025

Fortuna Health, a leading platform for consumer Medicaid navigation, has secured $18 million in Series A funding, led by Andreessen Horowitz with additional participation from Y Combinator and several industry leaders. This funding will enhance Fortuna's AI-driven workflows, support its expansion into new states, and scale infrastructure to meet rising demand from health systems and managed care plans.

Qlub: Dubai-Based Dining Payments Company Raises $30 Million

By Amit Chowdhry ● Jul 21, 2025

Qlub, an innovative dining payments platform headquartered in Dubai, has proudly announced the closure of a substantial funding round amounting to $30 million. This round was co-led by prominent venture capital firms Shorooq Partners and Cherry Ventures, both of which are known for backing transformative startups. The funding also saw noteworthy contributions from influential strategic investors, including Mubadala Investment Company (a player in the UAE’s investment landscape), e& (a leading telecommunications company), and Legend Capital (an investment firm based in China).

CurTec: Acquisition By Ampersand Capital Partners

By Amit Chowdhry ● Jul 21, 2025

Ampersand Capital Partners, a private equity firm focused on growth equity investments in life sciences and healthcare, has acquired CurTec, a Netherlands-based manufacturer of high-performance plastic packaging for pharmaceutical and specialty chemical applications. This acquisition was made in collaboration with Bencis Capital Partners and CurTec's management.

Sunsave: £113 Million Series A Raised For Making Solar Panels And Battery Storage Accessible

By Amit Chowdhry ● Jul 21, 2025

Sunsave is a UK-based energy startup that aims to make solar panels and battery storage accessible and affordable for UK households. The company’s primary offering is a unique solar power subscription service, known as Sunsave Plus, which removes the significant upfront costs typically associated with installing solar systems. Sunsave recently raised £113 million in new funding.

Pollen Street Capital: €2 Billion Raised To Bolster European Investments

By Amit Chowdhry ● Jul 21, 2025

Pollen Street Capital is a leading alternative asset manager based in London, UK. The firm was founded in 2013 and specializes in investing within the financial and business services sectors across Europe. Pollen Street Capital announced that it has secured €2 billion in new capital, which was raised across its new flagship fund, Private Equity Fund V, and an additional co-investment vehicle.

Radical AI: $55 Million Series Seed+ Raised For Advancing Materials Research

By Amit Chowdhry ● Jul 21, 2025

Radical AI is a company focused on transforming materials science and advanced manufacturing through the power of artificial intelligence. Its core mission is to dramatically accelerate the discovery, development, and production of new materials, which has traditionally been a slow and resource-intensive process. The company announced a $55 million Series Seed+ funding round led by RTX Ventures, with participation from NVentures (NVIDIA's VC arm), Noa, Infinite Capital, Eni, AlleyCorp, and others.

Auxxo: €26 Million First Closing Of Female Catalyst Fund II Completed

By Amit Chowdhry ● Jul 21, 2025

Auxxo has announced a significant milestone: the first closing of the Auxxo Female Catalyst Fund II at €26 million, with the European Investment Fund (EIF) joining as an anchor investor. Other significant investors, including Aurum Impact, Cherry Ventures, Speedinvest, various family offices, business angels, and founders from across Europe, also joined.

iCOUNTER: $30 Million Series A Raised For Cybersecurity Solutions

By Amit Chowdhry ● Jul 20, 2025

Apollo Information Systems has announced the launch of iCOUNTER, a cyber risk intelligence company led by John Watters, a pioneer in cyber threat intelligence. iCOUNTER focuses on delivering precision risk intelligence to protect customers in the SLED, SMB, and enterprise sectors from targeted attacks.

Substack: $100 Million Series C Raised At Reported $1.1 Billion Valuation For Newsletter Platform

By Amit Chowdhry ● Jul 20, 2025

Substack has announced that it has raised $100 million in Series C funding, led by investors at BOND and The Chernin Group (TCG), with participation from Andreessen Horowitz, Rich Paul (CEO and founder of Klutch Sports Group), and Jens Grede (CEO and co-founder of SKIMS).

Mantis VC: $100 Million Third Fund Closed

By Amit Chowdhry ● Jul 20, 2025

Mantis VC, a venture capital firm co-founded by Alex Pall and Drew Taggart, members of the musical group The Chainsmokers, has raised $100 million in commitments for its third fund. This amount marks a $20 million increase from the previous Fund II, which raised $80 million. With this new fund, Mantis VC now manages a total of $225 million across all three funds.