Startups

Fission Labs: DeFi Application Company Raises $1.6 Million (Pre-Seed) To Bring Venture Capital On Chain

By Amit Chowdhry ● Oct 15, 2024

Fission announced a $1.6 million pre-seed funding round led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge). Fission - the first DeFi application built to bring venture capital on chain - launched its testnet on Ethereum.

Best Egg: $500 Million Purchase Commitment Secured To Enable More Offerings Of Personal Loans

By Amit Chowdhry ● Oct 15, 2024

Best Egg announced it has secured a $500 million purchase commitment to facilitate the growth of the company's personal loan product. The purchase facility, led by funds managed by affiliates of Fortress Investment Group along with Edge Focus, includes a forward-flow purchase commitment and purchases of back-book loans facilitated by the Best Egg platform.

Farther: Financial Advisory Firm Raises $72 Million (Series C) At $542 Million Valuation

By Amit Chowdhry ● Oct 15, 2024

Farther, a leading technology-centric financial advisory firm, announced it closed a $72 million Series C funding round to expand its advisor network and enhance its wealth management platform. The funding round was co-led by CapitalG, the independent growth fund of Alphabet, and Viewpoint Ventures. This funding round elevates Farther's post-money valuation to $542 million.

FlexFactor: Decline Recovery Solutions Provider Secures $16.8 Million

By Amit Chowdhry ● Oct 15, 2024

FlexFactor, a provider of decline recovery solutions for eCommerce brands, announced it raised $16.8 million in Series A funding. The funding round was led by Bessemer Venture Partners, with additional participation from seed investors.

Numeric: $28 Million (Series A) Secured To Build A Next-Gen Financial Data Platform

By Amit Chowdhry ● Oct 15, 2024

Numeric announced it has raised a $28 million Series A round led by Menlo Ventures. Participation was from new investors IVP and Socii Capital and existing investors Founders Fund, 8VC, Long Journey, Access Industries, Friends & Family Capital, and others. This funding will accelerate engineering hiring and product development, supporting Numeric's aim to enable real-time decision-making from financial data.

Vultron: AI-Based Proposal Solution Company Raises $4.85 Million (Seed)

By Amit Chowdhry ● Oct 15, 2024

Vultron, an AI-based proposal development solution for the public sector, announced that it has secured $4.85 million in seed funding. The funding round was led by Craft Ventures and Long Journey Ventures, with participation from South Park Commons, Conviction Embed, and angel investors including Gokul Rajaram, Josh Buckley, Lenny Rachitsky, and others.

ShiraTronics: $66 Million (Series B) Raised To Develop Neurostimulation Therapies For Chronic Migraine Patients

By Amit Chowdhry ● Oct 15, 2024

ShiraTronics, a clinical-stage medical device company developing neurostimulation therapies for chronic migraine patients, announced the closing of a $66 million Series B financing. The funding round was led by new investor Norwest Venture Partners, with participation from additional new investors Seroba, OSF Ventures, the Global BioAccess Fund and an undisclosed strategic investor. Returning investors U.S. Venture Partners, Amzak Health, Treo Ventures, and Aperture Venture Partners also joined the round.

Dryvebox: Mobile Golf Simulator Company Raises New Funding Round

By Amit Chowdhry ● Oct 15, 2024

Mobile golf simulator company Dryvebox announced additional funding and new investors joining its mission of cultivating golf everywhere. Launched in 2020, the off-course golf entertainment company revolutionizes golf experiences through weatherproof, climate-controlled, and solar-powered mobile golf simulators (Boxes). Dryvebox has grown to 30+ technology-fueled Boxes operating across the United States and Canada, with more set to launch in the coming months.

LEVY Health: Reproductive Technology Company Raises $4.5 Million

By Amit Chowdhry ● Oct 15, 2024

LEVY Health, an innovator in reproductive health technology, announced it has raised $4.5 million led by San Francisco-based venture firm XYZ Venture Capital, with additional participation from Atlantic Labs and Possible Ventures.