Startups

Unlearn: $50 Million Raised To Create Digital Twins Of Clinical Trial Participants

By Amit Chowdhry ● Feb 9, 2024

Unlearn - an AI company creating digital twins of clinical trial participants that enable smaller and faster studies - announced a $50 million Series C round led by Altimeter Capital, joined by returning investors Radical Ventures, Wittington Ventures, Mubadala Capital, Epic Ventures, and Necessary Venture Capital. This funding round was secured to propel the company’s mission to advance AI to eliminate trial and error in medicine by investing in its people, data, engineering capabilities, and longer-term R&D initiatives.

Truflation: Independent Inflation Data Provider Closes $6 Million In Funding

By Annie Baker ● Feb 9, 2024

Independent inflation data provider Truflation announced it completed its latest investment round, raising $6 million from distinguished investors, including Laser Digital and Red Beard Ventures. The list of VCs taking part in this funding round also includes Modular Capital and Four Seasons Ventures (4SV), along with existing investors Chainlink, Fundamental Labs, C2squared, Cogitent Ventures, and the Israeli Blockchain Association. This funding round saw the Base Ecosystem Fund, managed by Coinbase Ventures, select Truflation among its first cohort from a shortlist of more than 800 applications.

Headlight: Mental Health Practice Company Secures $18 Million

By Amit Chowdhry ● Feb 9, 2024

Headlight (a tech-forward mental health practice committed to offering patients convenience and a simplified care journey) announced $18 million in new venture funding led by Matrix and EPIC Ventures. This funding round will help the company expand into additional states and add hundreds of new licensed therapists to its team by 2025.

Teamfront: Business Management Software Company Secures Funding From Mainsail Partners

By Noah Long ● Feb 9, 2024

Teamfront (a leading provider of business management software, payments solutions, and services with diverse business lines, including over 3,000 customers and $2.2 billion in invoicing volume) announced a growth investment from Mainsail Partners. While the specific financial details remain confidential, this investment enables Teamfront to embark on its next expansion phase, aiming to strengthen its market presence through organic growth and strategic acquisitions to broaden its business lines across multiple verticals.

LimaCharlie: Security Operations Cloud Platform Company Raises $10.2 Million

By Annie Baker ● Feb 9, 2024

LimaCharlie - the creator of the first-ever Security Operations (SecOps) Cloud Platform - announced a $10.2 million Series A investment round led by Sands Capital with follow-on from new and previous investors, including CoFound Partners, Long Journey Ventures, Lytical Ventures, Myriad Venture Partners, StoneMill Ventures, and Strategic Cyber Ventures.

Thea Energy: Fusion Energy Company Closes $20 Million

By Annie Baker ● Feb 9, 2024

Thea Energy (a fusion energy company advancing stellarator technology for commercialization) announced the closing of a $20 million Series A financing. Prelude Ventures led the round with participation from other investors, including 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, and Starlight Ventures.

Handle.com Raises Funding From Suffolk Technologies

By Noah Long ● Feb 9, 2024

Handle.com (a construction payments software platform) announced it has raised a significant investment from Suffolk Technologies (the venture capital affiliate of Suffolk Construction, one of the nation’s leading construction entities). This strategic funding round marks a major moment for Handle as it seeks to expand its innovative credit and payment solutions across the built environment.

Capital Square Partners Invests In Bits In Glass

By Dan Anderson ● Feb 8, 2024

Capital Square Partners (CSP) - a leading private equity firm specializing in cross-border technology and business services - announced it has completed a significant investment in Bits In Glass (BIG) - an award-winning technology firm known for being a trusted partner in digital transformation.

Bloomerang Raises Strategic Investment From Warburg Pincus

By Amit Chowdhry ● Feb 8, 2024

Bloomerang - a leading donor, volunteer, and fundraising management software platform for thousands of small and medium-sized nonprofits - announced that it received an investment from Warburg Pincus. And the funding – combined with JMI Equity's investment in 2020 and the company's recent acquisition of Qgiv – will drive ongoing growth and success to help Bloomerang deliver the sector's first fully-integrated giving platform.

Closinglock: Fintech And Fraud Prevention Company Closes $12 Million In Funding

By Annie Baker ● Feb 8, 2024

Closinglock (a leading fintech and fraud prevention technology provider for the real estate industry) announced the successful closure of its $12 million Series A funding round. Led by Headline and backed by LiveOak Ventures, RWT Horizons, and GTMfund. This funding round will help drive Closinglock’s goal to transform the transfer of funds and information in real estate.

Ezra: $21 Million Secured To Apply AI To MRI Scanning

By Amit Chowdhry ● Feb 8, 2024

Ezra - a healthcare AI-based company transforming MRI imaging and early cancer detection - announced that it has raised $21 million in new funding. The round was co-led by Healthier Capital and led by Amir Dan Rubin, former CEO of Amazon’s One Medical. And FirstMark Capital co-led the round, with participation from Allianz Life Ventures (the venture capital arm of Allianz Life Insurance Company of North America), the Schwarzman family, former Chairman of England’s National Health Service (NHS) Lord David Prior, Gaingels, Republic, and Mana Ventures. The existing investors Credo Ventures, Seedcamp, LDV Capital, Accomplice, Founders Future, Vlad Tenev, Anne Wojcicki, and Esther Dyson also participated. And Amir Dan Rubin will also join Ezra’s Board of Directors.

Formlogic Raises $20 Million In Equipment Financing From Trinity Capital

By Amit Chowdhry ● Feb 8, 2024

Trinity Capital (a leading provider of diversified financial solutions to growth-stage companies) announced the commitment of $20 million in equipment financing to Formlogic (a provider of autonomous precision manufacturing services intended for space companies).

Stellar Sleep: $6 Million To Build Solutions For Chronic Insomnia Management

By Noah Long ● Feb 8, 2024

Stellar Sleep - a company that provides the first digital solution for chronic insomnia management - announced a $6 million seed round, led by Initialized Capital with participation from Y Combinator, Lombardstreet Ventures, Switch Ventures, Moonfire Ventures, Scrum Ventures, 8vdx and Goodwater.

Perigon: Contextual Intelligence Company Raises $5 Million

By Annie Baker ● Feb 8, 2024

Perigon - a company that is reshaping how AI processes the ever-expanding realm of public web data and news media - announced it has successfully closed a $5 million seed financing round led by LiveOak Ventures. Launched in 2022 by serial entrepreneur Joshua Dziabiak and Emmy-winning innovator Josh Rickel, Perigon is at the forefront of organizing the web's vast data for the age of AI.

Aizon: $20 Million Raised To Improve Pharma Manufacturing Outcomes

By Amit Chowdhry ● Feb 8, 2024

Aizon - an AI SaaS provider that transforms pharmaceutical manufacturing operations - announced that it has closed $20 million in Series C funding led by NewVale Capital. And existing investors Atlantic Bridge, Crosslink Capital, and Uncork Capital also participated in the round.

Predictive And Preventative Pregnancy Care Company Aster Raises $2.3 Million

By Amit Chowdhry ● Feb 8, 2024

Aster (a predictive and preventative pregnancy care platform for patients and providers) announced the company’s first funding round of $2.4 million, led by Cake Ventures in partnership with Cornerstone VC and additional participation from Barclays Black Formation Investments (managed by Zeal Capital Partners), Octopus (FCF), Blueprint, Everywhere and select angel investors.

Onward (Formerly Studio X) Reveals New Brand And Advisory Board

By Amit Chowdhry ● Feb 8, 2024

Onward has announced a full rebrand as the energy innovation studio fortifies its mission to transform the energy industry and achieve a Net Zero future. And in tandem, a newly assembled inaugural advisory board will bolster the company’s growth with unique perspectives to advance the energy transition and scale services to the energy sector and to the global climate community.

Mechanical Orchard: $24 Million Raised To Help Companies Move To Cloud-Based Applications

By Amit Chowdhry ● Feb 8, 2024

Mechanical Orchard - a company helping businesses transition away from mainframe-based IT systems to cloud-based applications - announced it has raised $24 million in a Series A funding round, led by Emergence Capital. There was also further investment from Industry Ventures, Spider Capital, Bloomberg Beta, Cendana Capital, and Webb Investment Network.

Omega: Web3 Infrastructure Provider Raises $6 Million

By Noah Long ● Feb 7, 2024

Omega has announced the successful completion of $6 million in funding, solidifying its position as a pioneer in bringing native Bitcoin to the DeFi ecosystem. And this funding was secured through three rounds of investment with participation from Lightspeed Faction, Borderless Capital and Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, MH Ventures, and others.

Subscribili Raises $4.3 Million In Seed Funding To Transform The Dental Care Industry

By Dan Anderson ● Feb 7, 2024

Subscribili (a pioneer in subscription-based healthcare) announced it has secured a significant $4.3 million in seed funding. This funding round - which was led by Darby Group Companies and supported by Vyne Dental - is also backed by other notable figures in the dental and technology industries. They include Gokul Rajaram, a distinguished board member of Pinterest and Coinbase, and Krishna Raj Raja, the founder of Support Logic. This funding heralds a new era of accessibility and innovation in dental care.

ZEDEDA: Edge Management And Orchestration Company Raises $72 Million

By Amit Chowdhry ● Feb 7, 2024

ZEDEDA - a leader in edge management and orchestration - announced the closing of $72 million in growth capital, with the Series C round led by Smith Point Capital, founded by former Salesforce Co-CEO Keith Block.

Shepherd: Commercial Construction Insurance Tech Company Raises $13.5 Million

By Annie Baker ● Feb 7, 2024

Shepherd (an insurance tech platform for commercial construction) announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re, and Spark Capital. And Shepherd combines insurance with software to help contractors save on premiums.

Polycam: 3D Creation Company Closes $18 Million In Funding

By Annie Baker ● Feb 7, 2024

Polycam (a leading 3D creation tool for iPhone and Android) has announced an $18 million Series A led by Left Lane Capital and Adjacent with participation by Adobe Ventures and a stellar group of angel investors including Chad Hurley (YouTube), Shaun Maguire (Sequoia), Julien Chaumond (HuggingFace) and Barry McCardel (Hex). Using computer vision and AI, Polycam is building powerful 3D creation and editing tools that enable anyone to make photorealistic 3D assets easily.

Overflow: $20 Million Raised To Develop Solutions For Church And Nonprofit Finance Teams

By Amit Chowdhry ● Feb 7, 2024

Overflow - a company redefining generosity through innovative financial solutions - announced the successful closure of its $20 million Series B funding round. Wesleyan Investment Foundation led the strategic round, and existing investors, including Uncork, R7, and TheGP joined them.

Platform Accounting Group Raises $85 Million In Round Led By Cynosure Group

By Amit Chowdhry ● Feb 7, 2024

Platform Accounting Group announced the close of an $85 million minority funding round led by Cynosure Group. There was also continued participation and support from early investors Swell Capital and Peery Capital.

Mesh: Professional License Verification Company Raises $5.7 Million

By Annie Baker ● Feb 7, 2024

Mesh - a modern provider of real-time professional license verification trusted by leading marketplaces - announced the launch of its Multi-Factor Business Identity solution for marketplaces, e-commerce, and vendor and contractor compliance.

Morgan Stanley Inclusive Ventures Lab Hosts Demo Day With 23 Companies

By Amit Chowdhry ● Feb 7, 2024

Morgan Stanley is hosting its largest global Demo Day, with 23 participating companies from North America, Europe, the Middle East, and Africa (EMEA). The cohort companies will pitch over 300 investors, potential business partners, and customers.

GAGE: Employee Recognition Enterprise Platform Company Raises Seed Funding

By Noah Long ● Feb 7, 2024

GAGE announced that it secured seed funding from Eagle Venture Fund and a group of angel investors. GAGE is a platform and mobile app designed to “Build a Better Workforce” with a new approach to employee engagement, recognition, and performance management.

Device Authority: Identity And Access Management Company Secures $7 Million

By Annie Baker ● Feb 7, 2024

Device Authority - a global leader in Identity and Access Management for Enterprise IoT ecosystems - announced $7 million in Series A funding from Ten Eleven Ventures. This investment follows Device Authority’s launch of the company’s new KeyScaler AI solution.

Rain: Financial Wellness Platform Raises $300 Million From Clear Haven Capital Management

By Amit Chowdhry ● Feb 7, 2024

Rain - a financial wellness platform that helps companies give employees greater control over their finances - announced it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding round, Rain now has more capital to service its growing customer base, allowing it to provide employees with an easy way to access their earned wages in real-time, driving increased retention, job applications, and employee engagement.