Startups

Daymark Health: $11.5 Million (Seed) Raised For Transforming Cancer Care Experience

By Amit Chowdhry ● Apr 8, 2025

Daymark Health, a company transforming the cancer care experience for patients, providers, and health plans, publicly launched with an $11.5 million seed funding round co-led by Maverick Ventures and Yosemite, with additional participation from Oncology Ventures. And the company started operations this year in partnership with a leading payer in the Northeast to provide evidence-based and supportive cancer care to over 2,500 cancer patients.

Trive Capital: Fund V Closed With $2.7 Billion In Commitments

By Amit Chowdhry ● Apr 8, 2025

Dallas-based private equity firm Trive Capital announced the final closing of Trive Capital Fund V, with total commitments of $2.7 billion, exceeding its target of $2.5 billion. And Trive's predecessor program closed in April 2022 on $2 billion.

smartTrade: Strategic Investment Raised For Electronic Trading And Payments Platform

By Amit Chowdhry ● Apr 8, 2025

smartTrade Technologies (a leading global provider of multi-asset electronic trading and payments platforms) announced a strategic investment from TA Associates. At closing, David Vincent, CEO and co-founder of smartTrade, and the broader management team will invest along with TA.

Corinex: $30 Million Raised For Scaling Deployment Of Grid Flexibility Solutions

By Amit Chowdhry ● Apr 8, 2025

Corinex, a leader in broadband over power lines (BPL)-based grid visibility and flexibility solutions, announced a $30 million investment round led by Energy Growth Momentum, a UK-based company, along with Spanish investment firms Suma Capital (an independent alternative asset manager and a leader in ecological transition) and Adara Ventures.

Grain Ecosystem: Seed Funding Raised For Waste-To-Value Solutions

By Amit Chowdhry ● Apr 8, 2025

Grain Ecosystem, a digital platform streamlining the development of waste-to-value projects through a trusted partner network and modern infrastructure powered by AI, announced a seed round led by Elevate Ventures, with participation from SNØCAP, SE Ventures, Helidoni Ventures, and a network of experienced cleantech investors and operators.

RayThera: $110 Million (Series A) Raised For Developing Small Molecule Therapies In Immunology

By Amit Chowdhry ● Apr 8, 2025

RayThera—a recently founded biotechnology company focused on discovering and developing small-molecule therapies in immunology—announced that it has completed its Series A financing, raising a total of $110 million. The funding round was co-led by Foresite Capital and OrbiMed Advisors, with participation from TTM Capital.

Qevlar AI: $14 Million Raised For Autonomous AI SOC Analysts

By Amit Chowdhry ● Apr 8, 2025

Qevlar AI, a company behind a new class of autonomous security operations centres (SOCs), announced it has secured an additional $10 million in funding, bringing total investor commitments to $14 million. EQT Ventures and Forgepoint Capital International led the latest funding round. This includes strategic participation from Olivier Pomel (CEO of Datadog), Florian Douetteau (CEO of Dataiku), and Mehdi Ghissassi (former Director of Product at Google DeepMind).

Merida Biosciences: $121 Million Raised For Creating Therapeutics For Multiple Autoimmune And Allergic Diseases

By Amit Chowdhry ● Apr 8, 2025

Merida Biosciences, a biotechnology company advancing a new class of precision therapeutics designed to selectively and durably eliminate the pathogenic antibody drivers of multiple serious autoimmune and allergic diseases, launched today with $121 million in Series A financing. The funding was co-led by Bain Capital Life Sciences, BVF Partners, and Third Rock Ventures, joined by GV and Perceptive Xontogeny Venture Funds (PXV Funds).

Portnox: $37.5 Million (Series B) Closed To Transform Zero Trust Security

By Amit Chowdhry ● Apr 8, 2025

Portnox, a provider of cloud-native, zero-trust access control solutions, today announced it has closed a $37.5 million Series B funding round, led by Updata Partners. This brings the total investment in the company to $59.5 million.

Sipay: $78 Million (Series B) Raised At $875 Million Valuation For Payment And Embedded Finance Platform

By Amit Chowdhry ● Apr 8, 2025

Sipay, a leading payment and embedded finance platform for businesses and consumers in Turkey, announced a $78 million Series B funding round, hitting a valuation of over $875 million. Elephant VC led the round, which was participated in by Nik Storonsky’s VC firm QuantumLight.

Corsha: $18 Million (Series A-1) Closed For Machine-To-Machine Traffic For Critical Infrastructure

By Amit Chowdhry ● Apr 8, 2025

Corsha, a leader in securing machine-to-machine (M2M) traffic for operational systems and critical infrastructure, announced an $18 million Series A-1 funding round led by SineWave Ventures, with participation from Razor's Edge Ventures and Ten Eleven Ventures.

Plug: $6.7 Million (Seed) Funding Raised For EV-Exclusive Wholesale Auction Platform

By Amit Chowdhry ● Apr 8, 2025

Plug, an EV-exclusive wholesale online auction platform, announced it is expanding its offerings with the launch of Trade Desk. Trade Desk is the first EV-focused service to help dealers confidently price, move, and monetize trade-ins.

heyLibby: $4.5 Million Secured For Gym-Focused AI Receptionist Technology

By Amit Chowdhry ● Apr 8, 2025

heyLibby, an AI-based team member for fitness, wellness, and recreation businesses, announced it has raised $4.5 million in seed funding led by Aglaé Ventures and Vertical Venture Partners. This funding round will advance the company's expansion and accelerate AI advancements that help fitness and wellness businesses streamline customer communication, reduce churn, and drive revenue.

Hello Soju: $6.8 Million Secured For Korean Beverage Inspired Brand

By Amit Chowdhry ● Apr 8, 2025

Hello Soju, a ready-to-drink sparkling soju brand born at the intersection of Korean and California culture, announced the closing of a $6.8 million funding round. The round was led by a personal investment from Ted Schlein of Kleiner Perkins and Ballistic Ventures and supported by Hello Soju's parent company, THG.

UNC Unveils AI-Based Accelerator In Collaboration With KPMG

By Amit Chowdhry ● Apr 8, 2025

Launch Chapel Hill recently announced it is joining forces with KPMG, a leader in professional services, to introduce Launch, Powered by KPMG, an AI-enabled accelerator program with Launch Chapel Hill that redefines how startups transition from ideation to commercialization.

Stramsen Biotech: $25 Million Funding Commitment Raised From GEM Global Yield

By Amit Chowdhry ● Apr 7, 2025

Stramsen Biotech (an emerging leader in plant-based biopharmaceutical industry) announced that it has signed a binding agreement with GEM Global Yield (GGY), part of GEM, a Luxembourg-based private alternative investment group as its Lead Investor, for a $25 million share subscription facility to be funded annually over a 36-month term following a public listing of the Stramsen's common stock.

Contxtful: $1.9 Million Raised For Attention-Based Ad Technology

By Amit Chowdhry ● Apr 7, 2025

Contxtful Technologies, an innovator in attention-based ad technology, announced the closing of a $1.9 million funding round led by NJP Ventures. This funding round enables Contxtful to enhance its technology, scale its operations, and expand its market reach.

SignalFire: Over $1 Billion Raised To Advance Next Wave of Applied AI Startups

By Amit Chowdhry ● Apr 7, 2025

SignalFire, a leading early-stage venture capital firm focused on applied AI, announced it has raised over $1 billion to fund the next generation of technology startups, bringing its total assets under management (AUM) to about $3 billion.

Rescale: $115 Million (Series D) Raised For Digital Engineering Platform

By Amit Chowdhry ● Apr 7, 2025

Rescale, a digital engineering platform built for the future of innovation and scientific discovery, announced a $115 million Series D with participation from Applied Ventures, Atika Capital, Foxconn, Hanwha Asset Management Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and Y Combinator. This brings the total funding raised to $260+ million. Rescale's early investors include Sam Altman, Jeff Bezos, Paul Graham, and Peter Thiel.

SchoolAI: $25 Million (Series A) Raised For Helping Teachers And Schools With AI Platform

By Amit Chowdhry ● Apr 7, 2025

SchoolAI, an AI platform for teaching and learning, announced it has closed $25 million in Series A funding to address education’s fundamental challenge: helping teachers provide personalized attention to every student.

Further AI: $5 Million Raised For Helping Commercial Insurers Reduce Expense Ratios by 50%

By Amit Chowdhry ● Apr 7, 2025

Further AI, a company that has developed AI Assistants that handle complex insurance tasks, announced it has raised $5 million in new funding. Nexus Venture Partners led this new funding round through their $700 million AI-dedicated fund and will help Further AI to advance its mission of reducing expense ratios by 50%. This funding round also includes support from early-stage funds like Pioneer AI Fund, South Park Commons, Y Combinator, ConvergeVC, and strategic investors like Xceedance.

UniteLabs: €2.77 Million Raised For Building OS For AI-Based Biotech Research

By Amit Chowdhry ● Apr 7, 2025

UniteLabs, a company specializing in lab automation for biotechnology, announced it has raised €2.77 million in a pre-seed funding round led by NAP (formerly Cavalry Ventures). Investors PUSH, Acurio Ventures, OMA Business Angels, and LANA Ventures also participated in the round.

CMR Surgical: Over $200 Million Raised For Surgical Robotics

By Amit Chowdhry ● Apr 7, 2025

Surgical robotics company CMR Surgical – the global surgical robotics company – announced the closing of a financing round of over $200 million through a combination of equity and debt capital to support the company’s ambitious growth plans. The funding, which was supported by all the company’s existing major investors, includes a new debt investment from Trinity Capital, reflecting strong investor confidence in CMR’s vision.

Linus: $5 Million Raised For Making SAT Preparation More Fun

By Amit Chowdhry ● Apr 7, 2025

The SAT exam remains a major test that can open doors to scholarships, colleges, and future opportunities. And for decades, preparing for it has been synonymous with stress, boredom, and high costs. This is where Linus comes in. Created by gaming industry veterans and backed by a $5 million seed round led by Owl Ventures (the world's largest edtech investor), Linus combines teaching methods with the power of engaging and game-like experiences to transform how students study for this crucial exam.

SpinLaunch: $12 Million Secured For Transformative Space Solutions

By Amit Chowdhry ● Apr 7, 2025

SpinLaunch, a pioneer of disruptive space solutions, announced a $12 million strategic investment from Kongsberg Defence and Aerospace, unveiling Meridian Space, an ultra-high-performance, low-earth orbit (LEO) satellite broadband constellation. And the constellation can uniquely provide global coverage with only one traditional rocket launch, deploying 250 next-generation microsatellites that leverage a proprietary suite of groundbreaking technologies.

TOGETHXR: Women’s Sports Media Company Raises Capital

By Amit Chowdhry ● Apr 7, 2025

TOGETHXR — an women's sports media and commerce brand co-founded by world-renowned professional athletes Alex Morgan, Chloe Kim, Simone Manuel, and Sue Bird — announced that the company has achieved profitability and hit major growth and revenue milestones, including having increased its valuation twofold since its last raise. As a first mover in the women's sports media ecosystem and the purveyor of the Everyone Watches Women's Sports slogan, TOGETHXR has utilized its visibility and engagement in women's sports to triple its revenue year over year and cement itself as the fastest-growing brand in the women's sports space. TOGETHXR also announced that it has taken in growth capital from an impressive array of new and existing backers.

Prophetic: Seed Funding Raised For Real Estate Development Opportunity Analysis

By Amit Chowdhry ● Apr 6, 2025

Prophetic, a leading software platform for real estate development opportunity analysis and land acquisition, announced its national expansion and completion of its seed funding round, led by Entrada Ventures with participation from SilverCircle, Progression, and others.

Prowler: $12.5 Million (Seed) Closed For Open Cloud Security Platform

By Amit Chowdhry ● Apr 6, 2025

Prowler, a leader in open cloud security, announced an additional $6.5 million investment in its seed round, taking its total seed financing to $12.5 million, led by Decibel VC. SNR and IrregEx joined the round, as did several prominent angel investors.

TwinKnowledge: $3.7 Million (Seed) Closed For AI-Based Insights Platform

By Amit Chowdhry ● Apr 6, 2025

TwinKnowledge, an AI-based company transforming data intelligence for real estate and the architecture, engineering, construction, and operations (AECO) industries, announced the completion of its $3.7 million Series Seed equity funding round. The funding round was led by Camber Creek, the leading venture capital firm focused on driving innovation in the real estate industry, with participation from Great Wave Ventures.

Sturdy.ai: $6 Million (Seed) Raised For AI-Based Customer Intelligence Platform

By Amit Chowdhry ● Apr 6, 2025

Sturdy.ai, a rapidly growing AI-based customer intelligence company, announced it has raised $6 million in Series Seed funding. Voyager Capital led this funding round, with participation from Fortson VC and existing investor, Grotech Ventures.