Startups

DataSnipper: Intelligent Automation Finance Platform Raises $100 Million At $1 Billion Valuation

By Amit Chowdhry ● Feb 2, 2024

DataSnipper - a leading intelligent automation platform for audit and finance professionals - announced it had raised a $100 million Series B, led by Index Ventures, at a valuation of $1 billion. This solidifies the company’s goal to empower auditors with AI after a record year of doubling its customer base and revenue. The Series B funding round follows an investment by Insight Partners in September 2022.

SPR Therapeutics: $85 Million Raised To Drive Rapid Commercial Expansion Of SPRINT PNS System

By Noah Long ● Feb 2, 2024

SPR Therapeutics - a private medical device company focused on treating pain and improving the quality of life for patients managing acute or chronic pain - announced it has secured $85 million in financing, including $25 million in Series D-1 insider equity and a $60 million debt facility.

Perelel: Female OB/GYN-Founded Vitamin Company Secures $6 Million

By Annie Baker ● Feb 2, 2024

Perelel - the first and only female OB/GYN-founded vitamin company offering clean and targeted nutrition for various distinct stages of a woman's hormonal journey - announced the completion of a $6 million Series A financing round, led by Unilever Ventures, Willow Growth, and Selva Ventures. The company has now raised $12.1 million in funding to fuel its mission of advancing the future of women's reproductive care.

gamma. Raises Funding From Alpha Wave Global

By Annie Baker ● Feb 2, 2024

gamma. - the artist-first multimedia platform providing creative and business services across all artistic and commercial formats - announced that Alpha Wave Global has joined the company as a strategic partner and investor, contributing additional capital to accelerate gamma.’s innovation and expansion.

Zero Knowledge Proof Company Axiom Raises $20 Million

By Amit Chowdhry ● Feb 2, 2024

Zero knowledge proof startup Axiom announced it has raised $20 million in Series A funding co-led by Paradigm and Standard Crypto. The company - which is know as the first ZKP co-processor for Ethereum - gives smart contract developers cheaper and more efficient access to data on-chain.

Watershed: Enterprise Sustainability Platform Company Raises $100 Million At $1.8 Billion Valuation

By Amit Chowdhry ● Feb 2, 2024

Watershed - a leading enterprise sustainability platform - announced a $100 million Series C funding round at a $1.8 billion valuation. The funding was led by Greenoaks, with participation from existing investors, including Kleiner Perkins, Sequoia Capital, Elad Gil, Emerson Collective, Galvanize Climate Solutions, Neo, and others. And with this new funding round, Watershed will continue powering best-in-class climate programs at the world’s leading companies while redoubling its investment in Europe.

StreamAlive: Live Session Audience Engagement Platform Company Secures $1.58 Million

By Annie Baker ● Feb 1, 2024

StreamAlive - a leading audience engagement platform for live sessions - announced a $1.58 million pre-seed investment from Speciale Invest, an early-stage venture capital firm focused on deep tech. And Venkat Viswanathan, founder and Chairman of LatentView Analytics, Shar Dubey, former CEO of Match Group, Foster Ventures, and other seasoned executives also participated in the round. The existing investors include three professors from MIT's computer science department, the Neon fund, and executives and unicorn founders.

Basking Biosciences: $55 Million Raised To Develop A Novel Acute Thrombolytic Therapy To Treat Stroke

By Amit Chowdhry ● Feb 1, 2024

Basking Biosciences - a clinical-stage biopharmaceutical company developing a novel acute thrombolytic therapy to treat stroke - announced the closing of a $55 million financing. New investor ARCH Venture Partners led the round, with participation from additional new investors Insight Partners, Platanus, Solas BioVentures, and RTW Investments, as well as existing investors Longview Ventures, Rev1 Ventures, and The Ohio State University.

Metronome: Usage-Based Billing Provider Company Raises $43 Million

By Dan Anderson ● Feb 1, 2024

Metronome - a leading provider of usage-based billing for companies including OpenAI, Databricks, and NVIDIA - announced the closing of its $43 million Series B funding round to reimagine billing for SaaS companies. The funding round was led by NEA, with strong participation from prior backers Andreessen Horowitz and General Catalyst. In conjunction with the funding, Hilarie Koplow-McAdams, Venture Partner at NEA, joined the company’s board of directors.

Synergy Spine Solutions: Medical Device Developer Company Raises $30 Million

By Noah Long ● Feb 1, 2024

Synergy Spine Solutions - an innovative medical device developer focused on artificial cervical disc replacement - announced that it has closed on a significant equity financing of $30 million. The Series A funding round was led by a new institutional investor, Amzak Health, and joined by other investors.

Vantage Data Centers: $10 Billion In Incremental Funding Secured

By Amit Chowdhry ● Feb 1, 2024

Vantage Data Centers - a leading global provider of hyperscale data center campuses - announced the company raised a record $10 billion in incremental debt and equity financing throughout 2023 to support the growing demand from the world’s largest hyperscalers. The capital raised supported record leasing, expansion into two new markets, and the groundbreaking of seven campuses across North America, EMEA, and APAC.

Aptean Raises $2.11 Billion Unitranche Facility Led By Golub Capital

By Amit Chowdhry ● Feb 1, 2024

Golub Capital acted as Administrative Agent and Sole Lead Arranger on a $2.11 billion unitranche facility in refinancing Aptean’s existing first lien and second lien broadly syndicated loan facilities. And Aptean is a leading global provider of mission critical and vertical-market-focused enterprise resource planning software primarily for small and medium sized manufacturing businesses.

Squid: Cross-Chain Do-Anything Router Company Closes $4 Million

By Noah Long ● Feb 1, 2024

Squid - a cross-chain do-anything router - announced $4 million in strategic funding led by Polychain Capital with participation from Nomad Capital, North Island Ventures, Maelstrom, Chorus One, The Department of XYZ, Breed, Binary Builders, and Typhon Ventures, along with follow-on investments from Distributed Global, Fabric Ventures, Node Capital, and Chapter One.

Crux: Sustainable Finance Company Raises $18.2 Million

By Noah Long ● Feb 1, 2024

Crux - a sustainable finance technology company - announced that it had raised $18.2 million in Series A funding led by Andreessen Horowitz. And existing investors Lowercarbon Capital, New System Ventures, Overture, and The Three Cairns Group participated in the round. David Haber, General Partner at Andreessen Horowitz, specializing in technology investments and financial services, will join the board.

Splash: Peer-To-Peer Sports Strategy Game Company Secures $14.1 Million

By Annie Baker ● Feb 1, 2024

Splash - the largest independent provider of peer-to-peer sports strategy games in the US with over 2 million active users - announced the closing of a Series A-2 Funding Round of $14.1 million, with investment from venture firms Boston Seed, Velvet Sea Ventures, K5, Elysian Park, Acies Investments, Accomplice, Counterview and others.

Heart Aerospace: Hybrid Electric Airplane Maker Company Raises $107 Million

By Dan Anderson ● Feb 1, 2024

Swedish hybrid-electric airplane maker Heart Aerospace announced it raised a total of $107 million in Series B funding, representing another significant stepping stone toward sustainable regional air travel.. And the new funding round brings the total financing raised by Heart Aerospace since its inception to $145 million.

Spearmint Energy And Nuveen Partner To Enhance Battery Storage Portfolio Development

By Amit Chowdhry ● Feb 1, 2024

Spearmint Energy - a next-generation renewable energy company enabling the clean energy revolution through battery energy storage - announced the addition of Nuveen to its $200 million enhanced credit facility with Aiga Capital Partners.

Kafene: $15 Million Growth Capital From Trinity Capital

By Amit Chowdhry ● Feb 1, 2024

Trinity Capital - a leading provider of diversified financial solutions to growth-stage companies - announced the commitment of $15 million in growth capital to Kafene. This point-of-sale platform helps retailers offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements.

Oasis Security: Non-Human Identity Management (NIM) Solutions Company Raises $40 Million

By Amit Chowdhry ● Feb 1, 2024

Oasis Security - a leading provider of non-human Identity Management (NIM) solutions - announced that it raised a total of $40 million funding led by Sequoia Capital, along with Accel, Cyberstarts and Maple Capital. And Guy Podjarny, founder of Snyk, and Michael Fey, Co-Founder and CEO of Island, also participated in the financing.

Accompany Health: $56 Million Raised To Help Care For Low-Income Patients

By Amit Chowdhry ● Feb 1, 2024

Accompany Health - a primary, behavioral, and social care provider for low-income patients with complex needs - recently announced it launch with $56 million in Series A funding from investors including Venrock, ARCH Venture Partners, IVP, Granite Capital Management, and Evidenced. And the company recently began serving 8,000 patients in Detroit in partnership with a major national health plan.

MIC Global: Embedded Microinsurance Company Secures $6 Million

By Noah Long ● Feb 1, 2024

MIC Global (MIC) - a full stack embedded microinsurance provider - announced it raised a $6 million seed funding round. The funding round was led by Launchpad Capital and joined by Greenlight Re Innovations, Ironsides Partners, and existing investors. The funding will drive MIC Global’s growth plans, including infrastructure, talent, and market expansion investments.

Why Accenture Is Investing In Tenchi Security

By Annie Baker ● Feb 1, 2024

Accenture announced it had made a strategic investment through Accenture Ventures in Tenchi Security, a third-party cyber risk management company. And Accenture will leverage Tenchi’s SaaS platform as a new component of its managed security services offering to help organizations reduce cyber risks across their supply chain.

NeoPhore: Small Molecule Neoantigen Immuno-Oncology Company Raises £9.6 Million

By Dan Anderson ● Feb 1, 2024

NeoPhore Limited - a small molecule neoantigen immuno-oncology company - announced a further extension of £9.6 million (approx. USD $12.2m) to its Series B financing round.

Zum: $140 Million Funding, $350 Million Total Raised, And $1.3 Billion Valuation

By Amit Chowdhry ● Feb 1, 2024

Zūm - a leading provider of modern student transportation - announced a $140 million Series E funding round. GIC, a leading global investment firm, led this new funding round. And Climate Investment and existing investors, including Sequoia and SoftBank Vision Fund 2, also joined the round, elevating the company's valuation to $1.3 billion — a major increase from its previous series D raise in Oct 2021. This round brings Zum's total fundraising to $350 million.

Indemn: AI-Powered Conversational Insurance Platform Company Raises $1.9 Million

By Annie Baker ● Jan 31, 2024

Indemn (a pioneering insurtech platform) announced it has raised a $1.9 million pre-seed funding round, marking its continued growth in delivering insurance products through natural conversation powered by AI. The funding round was led by Markd, with participation from Afterwork Ventures, Everywhere Ventures, and a group of prominent entrepreneurs and insurance leaders from Australia and the U.S.

Hivello: Decentralized Physical Infrastructure Networks Company Raises $2.5 Million

By Annie Baker ● Jan 31, 2024

Hivello - a company that is at the cutting edge of Decentralized Physical Infrastructure Networks (DePIN) - announced an upsized funding round, raising an additional $1.5 million and bringing the total raised in the prior four weeks to $2.5 million.

Modern Benefits Company Benepass Raises $20 Million

By Noah Long ● Jan 31, 2024

Benepass - a flexible benefits platform for people-first companies - announced that the company has raised $20 million in additional funding led by Portage and Clocktower Technology Ventures. Workday Ventures and existing investors Threshold Ventures and Gradient Ventures also joined the funding round. And in connection with the funding, Stephanie Choo, Partner at Portage has joined the Benepass Board of Directors.

Fora: Executive Relationship Management Company Secures $3.8 Million

By Annie Baker ● Jan 31, 2024

Fora - an innovative executive relationship management (ERM) platform that is poised to transform C-suite decision-making through cutting-edge AI technology - announced it has emerged from stealth to pioneer an AI-driven approach to leadership and is backed by $3.8 million in pre-seed funding led by Converge.

LoanStar Technologies: Embedded Lending Company Raises $28 Million

By Annie Baker ● Jan 31, 2024

LoanStar Technologies - a leading financial technology company focused on embedded lending - announced it agreed to raise approximately $28 million of growth equity from a group of strategic investors, including approximately $20 million from Sageview Capital and the remainder from a mix of existing and new partners including, Launch Credit Union (via their wholly owned CUSO Holding Company), TruMark Financial Credit Union, Ben Franklin Technology Partners of Southeastern Pennsylvania, and Monarch Strategic Advisors.

DUPR: Pickleball Rating Company Raises $8 Million

By Amit Chowdhry ● Jan 31, 2024

DUPR (Dynamic Universal Pickleball Rating), which is pickleball's most accurate international rating system, has announced a new board, ownership, and investors, and an influx of $8 million in funding to further advance its mission to unify the fast-growing sport with innovative technology and a dynamic global rating.