Startups

Mezo Raises $7.5 Million To Grow BitcoinFi Ecosystem

By Amit Chowdhry ● Jul 28, 2024

Thesis, which is one of the longest-standing venture studios funding and building brands on Bitcoin, announced a strategic funding round led by Ledger Cathay Fund (Ledger and Cathay Innovation's early-stage venture fund) for Mezo, its permissionless Bitcoin Economic Layer. With this $7.5 million round, this brings the total funding for Mezo to $30 million following its launch earlier this year. The other investors in the strategic round include ArkStream, Aquarius Fund, Flowdesk, GSR, Origin Protocol, and Bybit ecosystem project, Mantle's EcoFund.

Allium: Blockchain Data Platform Company Raises $16.5 Million

By Amit Chowdhry ● Jul 28, 2024

Allium, a leading blockchain data platform for enterprises, announced that it raised a $16.5 million Series A funding round led by Theory Ventures with participation from seed investors Kleiner Perkins and Amplify Partners. Tomasz Tunguz, Founder of Theory Ventures, will join the board as part of its investment. This brings the total funding raised to $21.5 million.

Lynch Regenerative Medicine Closes Series A To Develop Skin Rejuvenation Solutions

By Amit Chowdhry ● Jul 28, 2024

Lynch Regenerative Medicine (LRM) announced it has completed a Series A funding round to develop and commercialize innovative skin rejuvenation and regeneration solutions based on the only tissue growth factor approved by the FDA and other international regulator bodies to be safe and effective in human tissue regeneration and wound healing: pure platelet-derived growth factor (PDGF).

Novocuff: Medical Device Company Closes $26 Million In Series A

By Amit Chowdhry ● Jul 28, 2024

Novocuff - a medical device company dedicated to improving pregnancy outcomes and reducing the risk of preterm birth - announced it has successfully closed an oversubscribed $26 million Series A funding round after raising an initial $2 million seed round. AXA IM Alts, through its Global Healthcare Private Equity Strategy, led the round with a $14 million investment, along with significant participation from Laerdal Million Lives Fund, and continued support from existing investors and new investors Laborie, RH Capital, Avestria Ventures and March of Dimes.

GovPort: $2.8 Million Closed To Help Federal Contractors Reduce Costs

By Amit Chowdhry ● Jul 28, 2024

GovPort Technologies announced an investment of $2.8 million from PruVen Capital and Fin Capital. GovPort essentially helps prime federal contractors (primes) reduce administrative costs and risk by automating compliance tasks and creating a digital and auditable trail of their subcontractors’ compliance.

Slope: AI-Based B2B Payments Company Raises $65 Million

By Amit Chowdhry ● Jul 28, 2024

Slope announced it has closed $65 million in a new round of funding, bringing the total funding to $252 million ($77 million in equity and $175 million in debt). This funding round will be used for scaling operations as the B2B payments platform continues serving many of the world’s largest enterprises. Along with J.P. Morgan Payments, other participants in the round include Y Combinator, Jack Altman, and Max Altman’s new fund Saga.

Autobahn Therapeutics: $100 Million Raised To Develop Restorative Treatments For Depression and Other CNS Disorders

By Amit Chowdhry ● Jul 28, 2024

Autobahn Therapeutics (a biotechnology company developing restorative treatments for people affected by neuropsychiatric and neuroimmunologic disorders) announced the closing of an oversubscribed $100 million Series C funding led by Newpath Partners, with participation from new investors Canaan Partners, Monograph Capital, and Insight Partners. All of the company’s existing investors participated in the round, including founding investors ARCH Venture Partners and Blue Owl Healthcare Opportunities, BVF Partners, Invus, Samsara BioCapital, Biogen, Bristol Myers Squibb, Pfizer Ventures, Section 32, Alexandria Venture Investments and GT Healthcare Capital Partners.

Oisín Biotechnologies: Funding Raised To Mitigate Effects Of Age-Related Diseases

By Amit Chowdhry ● Jul 28, 2024

Oisín Biotechnologies (a privately held biotechnology company focused on mitigating the effects of age-related diseases) announced the first closing in a $15 million Series A funding round. AbbVie Ventures led the first close. And in connection with the funding, they will join the Oisín Board of Directors and Scientific Advisory Board.

SoundHealth: $7 Million Seed Funding Raised And SONU Wearable Device Launches

By Amit Chowdhry ● Jul 28, 2024

SoundHealth (a medical technology company harnessing the power of AI and medical science to improve patient outcomes) has introduced SONU. SONU is the world’s first FDA De Novo authorized, AI-enabled, and wearable medical device for treating moderate to severe nasal congestion due to allergic and non-allergic rhinitis for at-home use by individuals 22 years of age and older.

Kestra Medical: Wearable Cardioverter Defibrillator Company Closes $196 Million In Funding

By Amit Chowdhry ● Jul 28, 2024

Kestra Medical Technologies (a privately held wearable medical device and digital healthcare company) announced an oversubscribed $196 million funding round to support the expansion of their commercial organization and advance its goals of protecting at-risk patients with its modern Wearable Cardioverter Defibrillator (WCD).