Startups

Pepper: $50 Million Series C Raised For Expanding Food Distribution Platform

By Amit Chowdhry ● Feb 22, 2026

Pepper, an end-to-end technology platform serving independent food distributors, has raised $50 million in Series C funding to expand its product innovation, deepen AI-enabled capabilities, and accelerate adoption across the food distribution ecosystem. The round was led by Lead Edge Capital, with participation from existing investors including ICONIQ, Index Ventures, Greylock, Harmony Partners, and Interplay.

Eagle Wireless: $30 Million Series B Raised For Expanding 5G R&D And Domestic Device Production

By Amit Chowdhry ● Feb 22, 2026

Eagle Wireless, a U.S.-based cellular module manufacturer serving the IoT and automotive markets, announced it has raised $30 million in a Series B financing round co-led by Asymmetric Capital Partners and The O.H.I.O. Fund. The new funding brings Eagle Wireless’ total capital raised to $44 million and positions the company to expand its role as the global connectivity ecosystem transitions from 4G to 5G.

ElevenEs Secures Series B First Closing For Advancing 1GWh LFP Mega Factory In Serbia

By Amit Chowdhry ● Feb 22, 2026

ElevenEs announced it has completed the first closing of its Series B investment round, backed by Caterpillar Venture Capital, a wholly owned subsidiary of Caterpillar Inc.. An affiliate of BST (HK) Ltd., a Hong Kong-based commodity trading house, also participated in the round.

Rizon: $2 Million Pre-Seed Funding Closed To Bring Digital Dollars To Global Users

By Amit Chowdhry ● Feb 22, 2026

Delaware-based fintech startup Rizon has secured $2 million in pre-seed funding as it aims to make digital dollars accessible and spendable for people around the world, no matter where they live. The funding round was led by Market One Capital and marks an early milestone in the company’s growth since its launch just five months ago.

Ubyx Raises Funding From Arab Bank Fintech Accelerator AB Xelerate

By Amit Chowdhry ● Feb 22, 2026

AB Xelerate, the fintech accelerator of Arab Bank, has made a strategic investment in Ubyx, a provider of clearing and acceptance infrastructure for tokenised deposits and regulated stablecoins, as regulated digital money moves from pilot initiatives to broader execution across global financial markets.

Badge: $17.1 Million Series A Raised For Wallet Infrastructure Platform

By Amit Chowdhry ● Feb 22, 2026

Badge, an operating platform for Apple and Google Wallets, has raised $17.1 million in funding to help businesses build and scale wallet-based customer experiences. The financing includes a $13.8 million Series A round led by TTV Capital with participation from Stripe, Synchrony Ventures, and Infinity Ventures, along with a previously unannounced $3.3 million seed round from QED Investors and Infinity Ventures. As part of the Series A investment, Lynne Laube, Venture Partner at TTV Capital and co-founder and former CEO of Cardlytics, has joined Badge’s board of directors.

Step Pharma Secures €2.5 Million EIC Grant To Advance Dencatistat In CTPS2 Null Gynaecological Cancers

By Amit Chowdhry ● Feb 22, 2026

Step Pharma has secured a €2.5 million blended finance grant from the European Innovation Council under the EIC Accelerator programme, with the award also including the potential for up to €10 million in equity investment. The funding will support the continued development of the company’s lead product, dencatistat, a first-in-class, highly selective, orally bioavailable CTPS1 inhibitor, for CTPS2 null ovarian and endometrial cancers.

Qumis: $4.3 Million Seed Funding Closed For Attorney-Trained AI Platform

By Amit Chowdhry ● Feb 22, 2026

Qumis, an attorney-trained AI platform focused on commercial insurance coverage intelligence, has raised $4.3 million in an oversubscribed seed round, bringing its total funding to $6.75 million. The round was led by MTech Capital, with new strategic investor American Family Ventures and participation from all prior investors.

Plato: $14.5 Million Seed Funding Closed For AI Operating System For Distributors

By Amit Chowdhry ● Feb 22, 2026

Plato, a company building an AI operating system for distributors, announced it has raised $14.5 million in seed funding. The round was led by Atomico, with participation from Cherry Ventures, D11Z. Ventures, Discovery Ventures, and Lucid Capital.

Odynn: $9.5 Million Seed Funding Raised For AI Travel And Loyalty Infrastructure Platform

By Amit Chowdhry ● Feb 22, 2026

Odynn, an AI-powered platform that enables banks and fintechs to launch personalized travel and loyalty programs, has raised $9.5 million in seed funding led by Bonfire Ventures and co-led by Fiat Ventures. The company positions itself as the “AI Shopify for loyalty and travel,” helping financial institutions deploy personalized, branded travel portals in a matter of weeks rather than years.