Startups

New Lantern: AI-Based Radiology Resident Company Raises $19 Million (Series A)

By Amit Chowdhry ● Dec 3, 2024

New Lantern announced it emerged from stealth to launch its AI radiology resident, backed with $19 million in Series A funding led by Benchmark. This brings the company's total funding to over $23 million. Other participants in the round include Afore Capital, Anthology Fund, Neo, SV Angel, Guillermo Rauch, Amjad Masad, Saji Wickramasekara, Jay Kreps, and Gokul Rajaram, among others.

Theo Ai: Litigation-Focused Predictive AI Platform Company Raises $2.2 Million (Pre-Seed)

By Amit Chowdhry ● Dec 3, 2024

Theo Ai, the first predictive AI platform for litigation, announced $2.2 million in pre-seed funding. The funding round was co-led by NextView and nvp capital with participation from Ripple Ventures, Beat Ventures, and SCVC Fund. Using a proprietary data model and prediction engine, Theo Ai helps legal professionals make educated decisions about the likely outcome of cases. The funding will further enhance their prediction engine, expand practice categories, and accelerate customer growth.

Four Growers: AI And Robotics Company Raises $9 Million

By Amit Chowdhry ● Dec 3, 2024

Four Growers, a company building harvesting robots to reduce the production costs of greenhouse growers, announced the closing of a $9 million Series A funding round led by Basset Capital, with contributions from Ospraie Ag Science, Y Combinator, and other existing investors. This funding round will scale the production of its flagship GR-100 harvesting robot and expand its global reach, particularly in Europe, North America, and Oceania.

bananaz: $5.3 Million (Seed) Raised To Transform Design Change Management

By Amit Chowdhry ● Dec 3, 2024

bananaz, a platform redefining design change management for R&D and engineering teams, announced its official exit from stealth mode backed by $5.3 million in seed funding from leading investors, 10D and Cardumen Capital. This milestone enables bananaz to scale its AI-based solutions, offering engineering teams the tools that eliminate the inefficiencies of traditional design workflows, saving valuable time and money across the entire production process.

Zarminali Health: $40 Million (Seed) Raised For Transforming Pediatric Care

By Amit Chowdhry ● Dec 3, 2024

Zarminali Health, the first outpatient pediatric destination built to seamlessly coordinate primary and specialty care nationwide, announced $40 million in seed financing led by General Catalyst. The company will leverage the latest healthcare technology and an integrated approach to primary and specialty care that alleviates family burdens and revitalizes patient and clinician experiences. This substantial funding, including a venture debt facility, will fuel the company's go-to-market vision and continue to support the opening of its initial locations in fall 2024 and beyond.

Yurts: Defense-Focused GenAI Company Closes $40 Million (Series B)

By Amit Chowdhry ● Dec 3, 2024

Yurts, a leader in secure and trusted generative AI (GenAI) integration at scale for defense, government, and enterprise customers, announced a $40 million Series B funding round led by XYZ Venture Capital, with participation from Glynn Capital, Nava Ventures, Bloomberg Beta, and Mango Capital.

NanoVation Therapeutics: Funding Round Led By Convergent Ventures Completed

By Amit Chowdhry ● Dec 3, 2024

NanoVation Therapeutics, a company developing innovative technologies to overcome barriers to nucleic acid delivery, announced the expansion of its Board of Directors and the close of a funding round led by Convergent Ventures.

TRIO Pharmaceuticals: $3.1 Million Raised For Advancing Cancer Therapeutics

By Amit Chowdhry ● Dec 3, 2024

TRIO Pharmaceuticals - a biotechnology company pioneering bispecific antibodies for the treatment of cancer with unprecedented potency and selectivity - announced the completion of a $3.1 million financing round. TRIO’s pre-Series A financing was led by San Diego-based Friedman Bioventure Fund (FBVF).

Iontra: Battery Charging Technology Company Raises $45 Million (Series C)

By Amit Chowdhry ● Dec 3, 2024

Iontra, a Colorado-based leader in next-generation battery charging technology, announced that it has successfully completed its $45 million Series C funding round with support from both current and new investors. The company has raised $120.3 million to date.

StretchDollar: $6 Million Raised For Simplifying Small Business Health Benefits

By Amit Chowdhry ● Dec 3, 2024

StretchDollar, a startup dedicated to simplifying health benefits for small businesses, announced the closing of a series of seed rounds for a total of $6 million of funding, led by Fika Ventures and Oscar Health. And Precursor Ventures and Springbank also participated in rounds that built on the company’s $1.8 million pre-seed funding from last fall. The additional funding will support the expansion of StretchDollar's self-service platform and further elevate the small business benefits experience.

Wexler: AI-Based Legal Fact Intelligence Company Raises $1.4 Million (Pre-Seed)

By Amit Chowdhry ● Dec 3, 2024

Wexler AI, an AI-based legal fact intelligence platform, announced significant enhancements driving adoption among leading law firms, including Burges Salmon and a top AmLaw100 firm. And Clifford Chance is also exploring the platform for use in its world-leading litigation and dispute resolution practice. Wexler's platform automates essential fact-checking and intelligence gathering in high-stakes legal disputes, allowing lawyers to focus on more complex and strategic value-driven activities.

Maze Therapeutics: $115 Million (Series D) Raised To Develop Precision Medicine

By Amit Chowdhry ● Dec 3, 2024

Maze Therapeutics, a clinical-stage biopharmaceutical company harnessing the power of human genetics to develop novel, small-molecule precision medicines for patients living with renal, cardiovascular, and metabolic diseases, announced the completion of a $115 million Series D financing that included the conversion of issued convertible notes previously purchased by existing investors. Investors Frazier Life Sciences and Deep Track Capital co-led the Series D funding. Janus Henderson Investors and Logos Capital also participated. And existing investors include Third Rock Ventures, ARCH Venture Partners, Matrix Capital Management, GV, General Catalyst, Andreessen Horowitz (a16z), Foresite Capital, Woodline Partners LP, Casdin Capital, Piper Heartland Healthcare Capital, Moore Strategic Ventures, and other existing leading healthcare investors.

Cosmo Tech: Majority Investment Secured From Insight Partners And Former Accenture Execs

By Amit Chowdhry ● Dec 3, 2024

Cosmo Tech, a market leader in AI Simulation software for enterprise decision-making, announced a majority investment from global software investor Insight Partners, with participation from former Accenture executives Phillip Hazen and Gerry Coulter. As part of the deal, Hazen and Coulter will be appointed as Cosmo Tech’s CEO and CFO, respectively. And Cosmo Tech helps large organizations navigate complexity and uncertainty in enterprise decisioning.

KeySavvy: $4.25 Million Raised To Simplify Private Party Car Transactions

By Amit Chowdhry ● Dec 3, 2024

KeySavvy, a platform that simplifies and secures private-party car transactions, announced $4.25 million in venture capital funding. This funding was led by Bonfire Ventures, marking the second major financing round for the rapidly growing startup. Plus, KeySavvy has secured strategic partnerships with three prominent online vehicle marketplaces, signaling significant momentum for the company’s e-commerce presence.

Nivoda: $51 Million Raised For Expanding Diamond Supply Chain

By Amit Chowdhry ● Dec 3, 2024

Nivoda, a leading digital marketplace and supply chain for the diamond industry, announced $51 million in funding. The funding round is led by new investor Northzone who join existing investors, including Avenir, Headline, Abstract Ventures, and Canaan Partners. And the new investment will be used to expand Nivoda’s marketplace beyond diamonds and gemstones to all jewelry. This latest funding round takes the total raised by Nivoda to $96 million.

Loftie: Sleep Technology Company Raises Funding From Supermoon Capital

By Amit Chowdhry ● Dec 3, 2024

Loftie, an innovative sleep technology company dedicated to helping people rest, relax, and recharge, announced it has closed on a lead investment from Supermoon Capital as part of a $2 million funding round to accelerate its expansion in digital wellness and personalized sleep solutions. The company plans to have a final closing on the round before the end of 2024.

CellPoint Digital: Payment Orchestration Platform Company Raises $30 Million

By Amit Chowdhry ● Dec 3, 2024

CellPoint Digital, a leading provider of payment solutions to the airline and travel industries and a global pioneer of Payment Orchestration, announced it has secured $30 million in funding from Toscafund and Penta Capital. This funding will accelerate the launch of CellPoint Digital's Offer Order Service Delivery (OOSD) payment orchestration platform, which is built to power the travel industry's transformation toward modern airline retailing.

Apaleo: Open Property Management Platform Raises €20 Million

By Amit Chowdhry ● Dec 3, 2024

Apaleo, an API-first open property management platform, announced it has raised €20 million in a growth equity investment round led by PSG Equity. And existing investors Redalpine, FOMCAP IV, and Rockaway Ventures also participated in the round.

Fello: Peer Support Platform Company Raises $10.4 Million To Date

By Amit Chowdhry ● Dec 3, 2024

Fello is an innovative peer support platform for the loneliness epidemic. It connects anyone seeking connection and guidance to people who can help them because they have gone through the same struggle. The company is led by former Uber Eats executive Alyssa Pollack, who co-founded and co-led Uber Eats on its path from zero to $15 billion in revenue. Fello announced it has raised $10.4 million to date, including a seed investment from Glen Tullman’s 62Ventures, The Fellowship Fund of Capital Factory, Katalyst Capital, and Offline Ventures.

9fin: AI-Based Analytics Platform For Debt Capital Markets Raises $50 Million (Series B)

By Amit Chowdhry ● Dec 3, 2024

9fin, an AI-based analytics platform for debt capital markets, announced it had raised $50 million in a Series B funding round led by Highland Europe. Existing investors Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital participated.

Vooma: AI-Based Freight Broker And Carrier Company Raises Over $16 Million

By Amit Chowdhry ● Dec 3, 2024

Vooma, an AI-based platform designed for freight brokers and carriers of all sizes, announced it secured $13 million in Series A funding led by Craft Ventures. The additional investors in Vooma’s Series A include Definition Capital, HOF Capital, Soma Capital, Operator Stack Fund, and Index Ventures.

Teachy: Personalized Learning Company Raises $7 Million (Series A)

By Amit Chowdhry ● Dec 3, 2024

Teachy announced that it has raised $7 million in a Series A funding round, one of the first AI-focused investments in LATAM, Asia, and Africa.

Jimini Health: $8 Million Secured For Transforming Mental Health Therapy

By Amit Chowdhry ● Dec 3, 2024

Jimini Health - a digital health company setting a new standard in mental healthcare with its clinician-led therapy model augmented by responsible AI - announced its launch with $8 million in pre-seed funding, including from Zetta Venture Partners, LionBird, PsyMed, BoxGroup, Arkitekt Ventures, SCB, and others.

OSSIO: Medical Device Company Closes $27.6 Million In Funding

By Amit Chowdhry ● Dec 3, 2024

OSSIO, a rapidly growing medical device company focused on evolving orthopedic surgery with bio-integrative fixation technology, announced it closed on $27.6 million in equity funding to rapidly scale all aspects of its commercial efforts, such as a new product pipeline, sales channel, and medical education, and building out a flagship U.S. manufacturing site and surgeon training center in Florida.

EarthOptics: Soil Digitization Company Raises $24 Million

By Amit Chowdhry ● Dec 3, 2024

EarthOptics, an industry leader in soil digitization and Predictive Agronomy, announced the completion of $24 million in financing. This funding includes new partners Cibus Capital, RuralWorks Partners, and Norinchukin Bank and is led by current investors Conti Ventures and The Production Board. Notable participation comes from Leaps by Bayer, S2G Ventures, Middleland Capital’s VTC Ventures, Cooperative Ventures, iSelect Fund, Serra Ventures, TO VC, Route 66 Ventures, Shell Ventures, Pappas Capital, CNH Ventures, and Rabo Ventures.

TRACT: $11.2 Million Closed To Enhance Sustainability In Agricultural Supply Chains

By Amit Chowdhry ● Dec 3, 2024

TRACT, a SaaS platform dedicated to enhancing sustainability in agricultural supply chains, announced it has raised $11.2 million in new funding. This funding round includes more investments from the company's existing shareholders Archer Daniels Midland Company (ADM), Cargill, Louis Dreyfus Company (LDC), and Olam, alongside new partners The Working Capital Fund and Rabo Investments (the captive investment arm of Rabobank).

OneChronos Raises $32 Million For Expanding Trading Opportunities

By Amit Chowdhry ● Dec 3, 2024

OneChronos, a technology company utilizing advances in auction theory and computer science to optimize financial markets, announced $32 million in expansion capital as it supports its foothold in core business segments and grows into new markets. Addition led the funding.

Synapticure: Virtual Care Company Raises $25 Million (Series A)

By Amit Chowdhry ● Dec 3, 2024

Synapticure, a leading virtual care company focused on improving access and outcomes for patients and caregivers living with Alzheimer’s and related dementias, Parkinson’s, and other neurodegenerative diseases, announced the closing of its $25 million Series A funding round. Led by B Capital, the funding round included new investors CommonSpirit Health, CVS Health Ventures, RA Capital Management, and Nexus NeuroTech Ventures, and existing investors Google Ventures, Optum Ventures, and Rock Health Capital.

Turion Space Raises Strategic Funding From Veteran Ventures Capital

By Amit Chowdhry ● Dec 2, 2024

Veteran Ventures Capital (VVC), a firm investing in dual-use national security technology businesses led by veteran entrepreneurs and leaders, announced a strategic investment in Turion Space today. And Turion is at the center of solving two of space's most pressing capability gaps: space domain awareness and non-earth imaging, both critical to maintaining space operations and expanding in-space mobility.

Prism Worldwide: $40 Million Raised To Advance End-Of-Life Tire Recycling Technology

By Amit Chowdhry ● Dec 2, 2024

Prism Worldwide, a leader in innovative material solutions focused on advancing end-of-life tire recycling technology, announced it has raised $40 million in Series A and Series A1 funds. The funding rounds were co-led by return investors Columbia Pacific Advisors (a Seattle alternative investment firm) and Jim Sinegal (co-founder and former CEO of Costco). The combination of Series A and Series A1 funding round also includes participation from Robert "Spike" Anderson, former CEO of Anderson Daymon Worldwide. Anderson is Chairman of Prism Worldwide's board of directors.