Startups

AccessPay: Bank Integration Provider Company Raises $24 Million

By Amit Chowdhry ● Mar 22, 2024

Leading bank integration provider AccessPay announced that it has closed a strategic funding round of $24 million, which was a combination of equity and debt. True Ventures led the round, which included participation from Praetura Ventures, NatWest, Mastercard, Route 66 Ventures, and Beringea.

BLIXT: Electrical Infrastructure Company Raises €5 Million

By Amit Chowdhry ● Mar 22, 2024

BLIXT - a company transforming the electricity sector with an innovative software-defined power system - has successfully raised €5 million in a seed funding round co-led by Union Square Ventures (USV) and Energy Revolution Ventures (ERV). This funding round positions BLIXT for dynamic growth and accelerates its goals to revolutionize electrical infrastructure.

WavMaker: Music Licensing Platform Company Secures $5 Million

By Amit Chowdhry ● Mar 22, 2024

WavMaker - a next-generation music licensing platform for video creators - announced that it has launched with $5 million in seed funding. Vicky Patel, a principal of the Nashville-based record label Wavy Records and the co-founder and principal of Monarch Media, led WavMaker's seed funding round.

e-peas: Fabless Semiconductor Company Raises €17.5 Million

By Amit Chowdhry ● Mar 22, 2024

e-peas, a leader in ultra-low power management for energy harvesting, announced the closing of a new €17.5 million funding round led by Otium Capital. This funding round highlights e-peas' market traction and technology leadership. New investors Nomainvest and EIC Fund joined the round, as did existing investors KBC Focus Fund, The Faktory, Wallonie Entreprendre, Noshaq-Leansquare, and Start.Invest.

Agrovision: Superfruit Platform Company Raises Growth Capital Led By Aliment Capital

By Amit Chowdhry ● Mar 21, 2024

Agrovision, a leading technology-enabled superfruit platform (known for its premium berries sold under The Fruitist and Big Skye brands), announced a growth capital investment led by Aliment Capital. With a focus on key strategic initiatives, Aliment will provide additional capital and expertise for helping take Agrovision to its next level of growth.

Cure51: €15 Million Secured To Advance Biological Mechanisms For Survivors Among Cancer Patients

By Amit Chowdhry ● Mar 21, 2024

Cure51 - a biotech company looking to unlock the biological mechanisms responsible for exceptional survivors among cancer patients - announced it has successfully raised €15 million in a seed funding round led by Sofinnova Partners. Other investors in this round include Hitachi Ventures GmbH, Life Extension Ventures, Xavier Niel, and Olivier Pomel (CEO and co-founder of Datadog).

Mermaid Chart: $7.5 Million Raised For Reinventing Visual Collaboration For Enterprises

By Amit Chowdhry ● Mar 21, 2024

Mermaid Chart, a company offering text-based diagramming and workflow management tools, announced it has raised $7.5 million in seed funding. This funding milestone comes after the company unveiled its first line of enterprise products, designed to help professionals across industries better communicate, collaborate, and solve business problems through visuals and diagrams.

Dryad Networks: Early Wildfire Detection Company Raises €5.6 Million In Convertible Financing

By Amit Chowdhry ● Mar 21, 2024

Dryad Networks - a company that pioneered ultra-early wildfire detection technology - announced the successful initial closing of €5.6 million in a convertible financing round, with a total round size of up to €10 million.

Anima: Care Enable Platform Raises $12 Million

By Amit Chowdhry ● Mar 21, 2024

Anima - a next-generation care enablement platform - announced it raised $12 million in Series A funding. This funding round was led by Molten Ventures, with participation from existing investors Hummingbird Ventures, Amino Collective, Y Combinator, and new angel investors, including Sidar Sahin (founder of Peak Games).

Capstan Therapeutics: $175 Million Raised To Advance Reprogramming Of Cells Through RNA Delivery

By Amit Chowdhry ● Mar 21, 2024

Capstan Therapeutics - a biotechnology company focused on advancing in vivo reprogramming of cells through RNA delivery using targeted lipid nanoparticles (tLNP) - announced the successful closing of a $175 million oversubscribed Series B financing.

Pocket FM: Audio Entertainment Platform Company Raises $103 Million

By Amit Chowdhry ● Mar 21, 2024

Pocket FM, a leading audio entertainment platform company, announced that it has raised $103 million in Series D funding. Lightspeed led this round, which StepStone Group participated in. Including this round, Pocket FM has raised $196.5 million in total funding.

CyberSaint: Cyber Risk Management Company Closes $21 Million

By Amit Chowdhry ● Mar 21, 2024

Cyber risk management company CyberSaint announced that it has raised $21 million in Series A funding, led by Riverside Acceleration Capital (RAC). Additional investors include Sage Hill Investors, Audeo Capital, and BlueIO.

Firestorm Labs: Unmanned Aerial System Manufacturer Raises $12.5 Million

By Amit Chowdhry ● Mar 21, 2024

Firestorm Labs - a California-based Unmanned Aerial System (UAS) manufacturer leader that is manufacturing expeditionary additive manufacturing - announced it raised $12.5 million in seed investment by Lockheed Martin Ventures and prominent defense investors.

Ascent: Financial Portability Solutions Company Raises $5.3 Million

By Amit Chowdhry ● Mar 21, 2024

Ascent Platform - a leader in financial portability solutions for banks and credit unions - announced that it has raised $5.3 million in venture funding. Foundation Capital, TruStage Ventures Discovery Fund, Alloy Labs, Reseda Group, and other investors led the round.

Euno: Frictionless Data Governance Company Raises $6.25 Million

By Amit Chowdhry ● Mar 21, 2024

Euno announced it raised $6.25 million in seed funding and emerged from stealth. This seed funding round was led by 10D with participation from INT3 – two leading early-stage Israeli funds investing in enterprise software. The funding round also included notable angel investors, including Barr Moses (co-founder and CEO at Monte Carlo), Lior Gavish (co-founder and CTO at Monte Carlo), and Yoni Broyde (former co-founder and CEO at Alooma). The advisory board includes Mark Nelson (Venture Partner at Madrona and former CEO and President at Tableau) and Tatsiana Maskalevich (Director of Data Science and Engineering at Netflix).

Flosonics Medical: Wearable Medical Ultrasound Company Raises $20 Million

By Amit Chowdhry ● Mar 21, 2024

Flosonics Medical - a leader in wearable medical ultrasound - announced a Series C funding round at $20 million. The funding round was led by New Leaf Venture Partners, with participation from previous investors Arboretum Ventures, Genesys Capital, and iGan Partners.

HyperPlay: Web3-Native Game Company Raises Funding From Square Enix

By Amit Chowdhry ● Mar 20, 2024

HyperPlay - a Web3-native game store that also aggregates the Epic Games Store - announced that Square Enix has joined the roster of gaming heavyweights that have invested in HyperPlay - to launch collaborations with the growing game store.

Portal Biotechnologies: Cell Engineering Platform Company Raises $5 Million

By Amit Chowdhry ● Mar 20, 2024

Cell engineering platform company Portal Biotechnologies announced a $5 million pre-seed round led by Pear VC, with participation from Conscience VC and 10x Capital. Armon Sharei, Ph.D., the founder and former CEO of SQZ Biotechnologies, founded Portal Biotechnologies.

Moove: Mobility Fintech Company Raises $100 Million At $750 Million Valuation

By Amit Chowdhry ● Mar 20, 2024

Moove - a global mobility fintech company that democratizes access to vehicle ownership for mobility entrepreneurs - announced that it had raised $100 million in a Series B funding round. This funding round values the company at $750 million. Uber invested in this round alongside Mubadala, which led Moove’s previous funding round last year. Other investors participating in the round also included The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa.

Lumino: AI Infrastructure Company Raises $2.8 Million

By Amit Chowdhry ● Mar 19, 2024

AI infrastructure company Lumino announced that it has raised a $2.8 million pre-seed funding round. This funding round included Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity.

Innatera: Power Neuromorphic Processor Company Secures €15 Million

By Amit Chowdhry ● Mar 19, 2024

Ultra-low-power neuromorphic processor leader Innatera announced it raised €15 million in Series A funding from Invest-NL Deep Tech Fund, the EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises. This funding will accelerate mass production, broaden application offerings, and expand customer engagement.

G2 Reverse Logistics: Net Recovery Company Secures $9.6 Million

By Amit Chowdhry ● Mar 19, 2024

Net recovery company G2 Reverse Logistics announced $9.6 million in seed funding led by Dell Technologies Capital. The funding round will enable sales and marketing investments to drive global growth strategies.

Agora Data Reveals $400 Million In New Funding Capacity Raised

By Amit Chowdhry ● Mar 19, 2024

Agora Data - a fintech company with a goal of enabling any car dealer to be a finance company by offering technology, capital, and guidance with predictable loan performance and analytics started this year with the successful closing of multiple company financial milestones.

Engrail Therapeutics: $157 Million Raised To Develop Transformational Therapies

By Amit Chowdhry ● Mar 19, 2024

Engrail Therapeutics - a precision neuroscience company focusing on developing transformational therapies to improve patients' lives - announced the closing of an oversubscribed $157 million Series B financing round. The funding round was co-led by new investors F-Prime Capital, Forbion, and Norwest Venture Partners, with participation from RiverVest Venture Partners, Red Tree Venture Capital, funds managed by abrdn, Ysios Capital, Longwood Fund, Eight Roads Ventures, and existing investor Pivotal Life Sciences.

IVP: 18th Fund Closed At $1.6 Billion

By Amit Chowdhry ● Mar 19, 2024

Venture capital firm IVP announced closing its 18th fund at $1.6 billion. The firm said that this fund is closing during a sweeping technological shift with AI at a time when capital markets are resetting. These periods create significant opportunities for companies with product market fit and organic momentum.

Coterie: Insurtech MGA Company Raises $27 Million

By Amit Chowdhry ● Mar 19, 2024

Coterie - an insurtech MGA making small business insurance easier - announced a raise of $27 million in a new funding round. The oversubscribed funding round includes new investments from Hiscox and existing investors such as Intact Ventures, Weatherford Capital, RPM Ventures, and others. With this funding round, Coterie has raised over $102 million.

Auguria Raises Seed Funding From SYN Ventures And S Ventures

By Amit Chowdhry ● Mar 19, 2024

Auguria, a cybersecurity artificial intelligence company, announced its emergence from stealth mode after more than two years of software platform development. Through an initial investment from SYN Ventures Seed Fund, Auguria is driving the transformation of traditional security operations by optimizing data for human and AI consumption with the industry's first vector-based cybersecurity platform for security operations data integration, transformation, and analytics.

Superlinked: $9.5 Million Secured To Turn Complex Data Into Vector Embeddings

By Amit Chowdhry ● Mar 19, 2024

Superlinked, a solution for turning complex data into vector embeddings, announced it has received $9.5 million in seed funding. Index Ventures led the round, with Theory Ventures significantly participating. 20Sales, Firestreak, and several prominent tech executives also participated.

Poseidon: Aquaculture Solutions Company Raises $20.75 Million

By Amit Chowdhry ● Mar 19, 2024

Poseidon Ocean Systems announced the completion of a $20.75 million Series B financing led by Ecosystem Integrity Fund (EIF), and joined by InBC Investment, along with additional support from existing shareholder Export Development Canada.

Kyte Closes Up To $250 Million In Asset-Backed Credit Financing

By Amit Chowdhry ● Mar 19, 2024

Kyte - a company that has cars delivered to you on-demand - announced the closing of an asset-backed credit financing of up to $250 million from Barclays Bank and Waterfall Asset Management. This fund source will accelerate the company's fleet growth and profitability.