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Finance Financial Services FinTech North America

Ramp Receives $150M in Debt Financing from Goldman Sachs

– Ramp from NYC raised $150m in debt financing from Goldman Sachs.
– The company intends to use the funds to accelerate growth nationwide.
– Ramp provides a corporate card focused on helping businesses spend less money and automate their finances.

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Artificial Intelligence Machine Learning North America SaaS Sales Automation

Signal-Based Selling Optimization Company SetSail Closes $26 Million Series A

– SetSail is an AI-powered platform that combines data and behavioral science for driving more revenue per sales rep.
– The company raised $26m in Series A funding.
– The round was led by Insight Partners with participation from existing seed investors Wing Venture Capital, Team8 Capital and Operator Collective.
– The company experienced 9X revenue growth in 2020, serving customers like Cisco, Dropbox, and Pendo among others.

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Finance Financial Services FinTech InsurTech North America

Marble Raises $2.5M in Seed Funding

– Marble is a NYC-based digital wallet and loyalty platform for insurance.
– The company raised $2.5m in seed funding.
– Backers included IA Capital Group, MS&AD Ventures, Reciprocal Ventures, Fintech Ventures Fund, The Takoma Group, and HU Investments.

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Cannabis Health Care Information Services Information Technology North America

Zentrela Raises $850K in Seed Funding

– Zentrela from Hamilton, Canada completed an $850K seed funding round.
– The round was led by Jornic Ventures.
– The company intends to use the funds to further commercialize its proprietary EEG test for cannabis impairment and create a scientific database of cannabis product effects.
– Led by Israel Gasperin, CEO and founder, Zentrela is a neurotech startup advancing the understanding of the brain effects of recreational cannabis and is creating a scientific database of cannabis product effects.

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Apps Fitness Health Care North America Therapeutics Wellness

Modern Health Scoops Up $74M Series D

– Modern Health, a mental health platform, has raised $74m in a Series D funding round.
– The investment was led by Founders Fund.
– Its existing investors include Battery Ventures, Kleiner Perkins Caufield & Byers and Felicis Ventures.
– The company, which says it has raised $172m to date, was valued at $750m after a financing round last year, according to PitchBook.

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Financial Services FinTech Health Care North America Payments

PayZen Raises $5M in Seed Funding

– PayZen is a healthcare fintech company based in San Francisco, CA.
– The company came out of stealth raising $5m in seed funding.
– PayZen was incubated with Viola Ventures in 2019.
– The new investment will be used to deploy the AI-backed technology platform across a number of healthcare providers, reaching hundreds of hospital systems and thousands of patients across the country.
– Investors: Picus Capital, TWO39 Ventures, and others.

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Children E-Commerce Fashion Marketplace North America

Newly funded Maisonette is becoming a go-to brand for fashion-conscious families; here’s how

– Maisonette, a four-year-old, New York-based company, has aimed from the outset to become a one-stop curated shop for everything a family might need for their young children.
– That plan appears to be working. Today, the company — which launched with preppy young children’s apparel and has steadily built out categories that include home décor, home furniture, toys, gear and accessories — says it doubled its number of customers last year and tripled its revenue.
– Though the company keeps its sales numbers private, its growth is interesting, particularly given the unabated growth of Amazon, which became the nation’s leading apparel retailer somewhere around the end of 2018.

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CRM Health Care North America SaaS Software

Alleva Raises Seed Funding

– Alleva is a provider of software to the behavioral health industry.
– The company raised a seed round of funding.
– The round was led by Jonathan Ord.
– The new investment will be used to expand the company’s business reach and develop new functionality.

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Biotechnology Chemical Chemical Engineering Europe Life Science

EnginZyme Extends Series A to €11 Million to Advance Cell-Free Chemical Production Platform in Funding Round Led by Sweden’s Industrifonden

– EnginZyme has extended its Series A to €11m and raised the total to €11m.
– The extension round was led by Industrifonden, Sweden’s largest deep tech venture capital firm, followed by SEB Greentech VC and existing shareholders.
– EnginZyme is developing a technology platform for sustainable production of chemicals.
– The company has produced catalysts at multi-kilogram scales and operated pilots capable of producing 50 tons per year of product.
– This year will see the company pilot production processes and advance partnerships across markets such as high-performance cosmetics, food applications, alternative sweeteners, and flavors and fragrances.

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Biopharma Biotechnology North America Therapeutics

Sagimet Biosciences Raises $80M in Crossover Financing

– Sagimet Biosciences, a San Mateo, Calif.-based clinical-stage biotechnology company, raised $80m in crossover financing.
– The round was led by an undisclosed public equity healthcare investment fund with participation from existing investors (including Ascletis, Kleiner Perkins, New Enterprise Associates (NEA) and Rock Springs Capital) along with new investors (Altium Capital, HM Capital, Invus and PFM Health Sciences).
– The company intends to use the funds to advance its lead program, TVB-2640 for NASH, to explore additional indications, to file an IND on a second FASN inhibitor, TVB-3567, by the end of 2021.

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