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Biopharma Biotechnology North America Therapeutics

Elevian Raises $40M Series A

– Elevian, an emerging biotech company developing medicines that restore youthful regenerative capacity with the potential to treat and prevent multiple age-related diseases, has raised $40m in an oversubscribed Series A round.
– The round was led by Prime Movers Lab.
– Additional investors include Bold Capital, Leslie Ventures, John A Kuelbs Family Office and others.

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Analytics Artificial Intelligence Data Visualization Medical North America Software

Caresyntax Grabs $30M Series C Extension

– Caresyntax, the leading enterprise-level digital surgery platform delivering actionable insights to make surgery smarter and safer, today announced a $30m extension to its Series C funding round.
– The round was led by PFM Health Sciences with participation from ProAssurance, Harmonix, and existing investors such as the Relyens Group and IPF Partners.
– That round also included investments from Optum Ventures, Intel Capital, Lauxera Capital Partners, Vesalius Biocapital III, Arno Capital, Rezayat Investments, and Surgical.AI.
– The funding will be used to continue developing its platform as well as advance new data solutions that support value-based care providers.

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Biotechnology North America

Othram Closes $18M Series B Funding

– Othram is a laboratory purpose-built to combine genome sequencing with advanced human identification applications, raised an $18m Series B funding round.
– The round was led by Gigafund.
– The company intends to use the funds to further develop the breakthrough technology that is helping investigators crack these unsolved cases.

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Artificial Intelligence Health Care Machine Learning North America Outpatient Care

Spring Health Scores $190M Series C Round

– Spring Health, the most comprehensive global mental health solution for employers and health plans, has secured $190m in Series C funding.
– Top healthcare investor Kinnevik led the round and was joined by new investor The Guardian Life Insurance Company of America (Guardian Life), along with existing investors Tiger Global, Northzone, RRE Ventures, Rethink Impact, Work-Bench, William K Warren Foundation, SemperVirens, Able Partners, and True Capital Ventures.
– The company’s total investment to date is $300m, bringing the company’s current valuation to $2bn on the heels of approximately 6x revenue growth over the past year.

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E-Commerce North America Product Design Retail

Brunt Workwear Raises $8.4M in Series A Funding

– Brunt Workwear is a Boston WA-based workwear brand.
– The company raised $8.4M in Series A funding.
– The round was led by TF Cornerstone with participation from Andrew Rosen and Ben Fischman.
– The new investment will be used to increase production, grow its leadership team, and expand into new categories and classifications.

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Medical North America

Francis Medical Raises $55M in Series B Equity Funding

– Francis Medical, a Minneapolis MI-based medical device company, raised $55M in Series B equity funding.
– The round was led by Solas BioVentures with participation from Arboretum Ventures, Coloplast A/S, H2Oey Ventures and Tonkawa.
– The company intends to use the funds to fund for the development of its proprietary prostate cancer treatment through FDA 510(k) approval, which includes a pivotal clinical study (VAPOR 2) for the management of prostate cancer.

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Bitcoin Blockchain Compliance Financial Services FinTech Western Europe

Coinfirm Raises $8M in Series A Funding

– Coinfirm is a London, UK-based global leader in RegTech for digital currencies and the blockchain-based financial ecosystem.
– The company closed an USD8m Series A funding.
– The round was co-led by Six Fintech Ventures, the corporate venture arm of SIX, and FiveT Fintech, followed by MiddleGame Ventures. Mission Gate and CoinShares also participated in this round.
– The new investment will be aimed at continuing the company’s growth trajectory in the EU, expanding its offering to the Asian and US markets, and strengthening the enterprise and financial institution offering.

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Cryptocurrency Financial Services FinTech North America

Floating Point Group Raises $10M in Series A Funding

– Floating Point Group, a Hoboken, N.J.-based, MIT-born provider of a platform that simplifies the backend operations for investors to deploy cryptocurrency-centric strategies at scale, raised $10m in Series A funding.
– Backers included Tribe Capital, Coinbase Ventures, Anthony Scaramucci, F A S T by Gettlylab, Borderless Capital, CapitalX, Formulate Ventures, and executives from GoldenTree Asset Management, HC Tech, and Pythagorus Investments.
– The company intends to use the funds to grow its existing U.S. based software engineering staff and expand to new markets.

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Finance FinTech Insurance InsurTech North America Software

Ascend raises $5.5M to provide a BNPL option for commercial insurance

– Ascend, a payments platform for insurance companies, raised $5.5m in seed funding.
– The round was led by First Round Capital and joined by Susa Ventures, FirstMark Capital, Box Group and a group of angel investors.
– The company is live in 20 states.
– It offers point-of-sale financing to enable insurance brokers to break up those commercial payments into monthly installments.

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Artificial Intelligence Semiconductor Western Europe

Dutch AI Semiconductor Startup Axelera AI Launches With $12 Million Seed Round

– Axelera AI announced that it has successfully closed a seed investment round of $12m.
– The round was led by Bitfury and joined by global nanoelectronics R&D center imec and deep-tech venture capital funds Innovation Industries and imec.xpand.
– The funding will support the company’s development of an industry-defining product powering AI applications at the edge.
– Axelera AI was incubated by Bitfury Group in 2019, formerly operating as Bitfury AI until the company came out as an independent entity this year.
– Building on its extensive research and development focused on integrating world-class hardware and software technologies for edge and cloud-to-edge enterprise solutions, Axelera AI joined forces with imec in early 2020 to develop groundbreaking computing architecture for high-performance AI.

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Employment Human Resources North America Recruiting SaaS Skill Assessment Software

CodeSignal Raises $50M in Series C Funding

– CodeSignal is a San Francisco, CA-based technical assessment platform to make data-driven hiring decisions in tech recruiting.
– The company raised $50M in Series C funding.
– The round was led by Index Ventures with participation from Menlo Ventures, Headline, and A Capital.
– The new investment will be used to accelerate product and go-to-market functions and launch its new Integrated Development Environment (IDE) that enables relevant assessment experiences.

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North America Pharmaceutical

Bantam Pharmaceutical Closes $25M Seed Funding

– Bantam Pharmaceutical is a Research Triangle Park, N.C.-based drug discovery and development company targeting selective modulation of mitochondrial dynamics in cancer.
– The company raised $25m in seed funding.
– The round was co-led by current investors including Lionel Goldfrank, who also is a board member.
– The new investment will be used to finalize its ongoing IND-enabling activities for its lead program, BTM-3566, and consummate preparations for first in human clinical trials.

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Business Information Systems Computer SaaS Software Western Europe

Skello raises $47.3 million for its employee scheduling tool

– French startup Skello has raised a $47.3m funding round.
– The company has been working on a software-as-a-service tool that lets you manage the work schedule of your company.
Partech is leading today’s funding round. Existing investors XAnge and Aglaé Ventures are also participating.

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Artificial Intelligence Enterprise Software Machine Learning Natural Language Processing North America PaaS Software

AI startup Sorcero secures $10M for language intelligence platform

– Sorcero, a natural language processing platform, raised $10m in Series A funding.
– The round was led by CityRock Venture Partners, the growth fund of H/L Ventures, and Harmonix Fund co-led the round and were joined by new investors Rackhouse, Mighty Capital and Leawood VC, as well as existing investors, Castor Ventures and WorldQuant Ventures.
– The company plans to invest in talent in both engineering and on the commercial side.

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Biotechnology Eastern Asia Pharmaceutical

IASO Biotherapeutics Secures $108 Million Series C Funding to Advance Global Development of Innovative Cell Therapies

– IASO Biotherapeutics announced the completion of $108m Series C to advance the global development of novel cell therapies and biologics for oncology and autoimmune diseases.
– The round was led by CDH Baifu, and followed by CCB International, with strong participation from Everbright Limited, Co-Stone Capital, CNCB Capital and Plaisance Capital.
– Current shareholder GL Ventures also participated.
– Since its founding in 2017, IASO Bio has raised more than $178m.
– Proceeds from the financing will be used to accelerate the global development and regulatory submissions of multiple novel cell therapies.

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Developer Platform Developer Tools Gaming North America

Battlesnake, a Startup that Turns Learning Programming into an eSport, Lands $1.5 Million in Funding

– Battlesnake announced $1.5m in funding to build on the platform that has grown from a grass roots recruiting platform into a programming game and competition that attracts thousands of developers to have fun and learn new skills.
– Funding was led by Madrona Venture Group with participation from Liquid 2, Ascend, 200 OK, and notable angel investors including Jason Warner (former CTO GitHub) and Chris Aniszczyk (CTO Linux Foundation).
– Started in 2015 as a developer recruiting event in the Pacific Northwest, by 2019 the flagship Battlesnake Tournament in Victoria drew 1,500 participants and spectators.
– Realizing they were onto something Founders Brad Van Vugt, Noah Warder, and Chris Hoefgen rapidly expanded scope, building a global online presence that attracts thousands of developers and spectators monthly.

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Artificial Intelligence Computer Vision Developer Tools North America

Computer vision dev platform Roboflow raises $20M

– Roboflow, a Des Moines, Iowa-based startup developing tools for building computer vision models, announced it has raised $20 million in a series A round led by Craft Ventures.
– This brings the company’s total raised to date to $22.2 million, and CEO Joseph Nelson says the money will be put toward ongoing product development and hiring efforts.
– The global computer vision industry was estimated to be worth $11.32 billion in 2020, according to Grand View Research. But while the technology has obvious enterprise applications — computer vision algorithms can be trained to perform tasks like spotting gas leaks, counting pills, and monitoring workplaces to enforce social distancing — companies can face barriers to leveraging it in production. Teams are often faced with rebuilding software infrastructure and attracting the necessary machine learning expertise.

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eSports Fantasy Sports Messaging Mobile North America Sports

Sleeper Raises $40M in Series C Funding

– Sleeper is a San Francisco, CA-based fantasy sports company.
– Company raised $40m in Series C funding.
– The round was led by Andreessen Horowitz with participation from angel investors including Klay Thompson (Thompson Family Foundation); Shane Battier; and Baron Davis, Byron Jones, Ros Gold-Onwude, Kevin Lin, Tim Chen, and Rich Kleiman and Kevin Durant.
– The new investment will be used to expand the game offerings on its platform and build a new feature called Wallet that will enable users to sync their preferred payment methods to the platform.

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Bitcoin Cryptocurrency Financial Services North America

Domination Finance Raises $3.2 Million in Seed Round to Scale Dominance Derivatives DEX

– Domination Finance, a non-custodial, decentralized exchange for dominance pairs, announced the successful completion of a $3.2m seed round involving top investors in the blockchain and cryptocurrency space.
– The venture’s now operational platform allows users to trade Bitcoin Dominance (BTCDOM), Ethereum Dominance (ETHDOM), and Tether Dominance (USDTDOM) in a way that was not previously available, aiming to provide global users with sufficient liquidity, low latency, and high price accuracy.
– Led by ParaFi Capital, an alternative investment firm focused on blockchain and decentralized finance markets, the funding round included such investors as Dragonfly Capital, AU21, Shima Capital, LD Capital, Huobi Ventures, OKEx BlockdreamVentures, KNS Group, GSR, CoinGecko and an impressive list of angel investors.

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Automotive Electric Vehicle Last Mile Transportation Logistics Western Europe

Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris

– Volta Trucks, an EV startup, raised $44m funding.
– The round was led by Luxor Capital Group and returning investor Byggmästare Anders J Ahlström Holding of Stockholm.
– New investors included U.S. electric truck and battery manufacturer Proterra and supply chain management company Agility.
– The company plans to pilot the trucks in London and Paris.

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Health Care Information Technology North America SaaS Software

Rune Labs Raises $22.8M in Series A Financing

– Rune Labs is a San Francisco, CA-based brain data company enabling the advancement and delivery of precision neuroscience therapeutics.
– The company raised $22.8m in Series A funding.
– The round was led by Eclipse Ventures with participation from current investors including DigiTx Partners and Moment Ventures.
– The new investment will be used to expand the number of patients, clinicians, and researchers using its platform.

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Biotechnology Genetics Health Care Life Science North America

African genomics startup 54gene raises $25M to expand precision medicine capabilities

– African genomics startup 54gene has raised $25m in Series B funding.
– Pan-African venture capital firm Cathay AfricInvest Innovation Fund led this round.
– Lead investor from the company’s Series A funding, Adjuvant Capital, invested once again with participation from other VCs including KdT Ventures, Plexo Capital, Endeavor Catalyst and Ingressive Capital.
– The company has raised a total of $45m since its inception.

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Cloud Security Cyber Security Enterprise Software Information Technology North America Software

Kolide Raises $17M in Series B Funding

– Kolide is a Boston, MA-based user-focused endpoint security platform for teams.
– The company raised $17m in Series B funding.
– The round was led by OpenView Partners, with participation from Matrix Partners, who previously led the Series A.
– The new investment will be used to expand the product’s capabilities and hire additional engineers and product staff.

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E-Commerce Furniture Manufacturing North America Retail

Outdoor Living Brand Outer Raises $50M in Series B Funding

– Outer, the fastest growing direct-to-consumer home brand of 2020, announces the close of a $50M Series B investment round.
– The new investment was led by Kathy Xu of Capital Today along with Tribe Capital, C Ventures, TRAC VC, and Upfront Ventures.
– Existing investors, including Sequoia Capital China, Mucker Capital, Mantis VC, Unpopular Ventures, and Reimagined Ventures also participated in the round.
– Outer raised $10.5M in Series A funding in January 2021, bringing the startup’s total funding to $65M.
– Outer was named the fastest growing home brand of 2020 by SimilarWeb and Business Insider, experiencing a 1000%+ increase in sales amid the pandemic.

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Artificial Intelligence Computer Electronics Information Technology Network Hardware Network Security North America Software

GigaIO Raises $14.7M in Series B Funding

– GigaIO from Carlsbad is a creator of data center rack-scale architecture for artificial intelligence and high-performance computing solutions.
– Series B $14.7m round was led by Impact Venture Capital with participation from Mark IV Capital, Lagomaj Capital, SK Hynix, and Four Palms Ventures.
– The new funding will be used to expand the company’s sales and marketing efforts by recruiting more partners and expanding channel programs.

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Consumer Goods Food and Beverage North America Seafood

Sophie’s Kitchen Raises $5.6M in Funding

– Sophie’s Kitchen Inc. is a Las Vegas, NV-based plant-based food company.
– The company raised $5.6m in funding led by Billy Goat Brands Ltd. (CSE: GOAT).
– The company intends to use the funds for the growth of its brand and product innovation.

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Analytics Artificial Intelligence Australia and Oceania Fitness Health Care Machine Learning Software

New Zealand startup HeartLab raises $2.45M to bring heart scanning software to the US

– HeartLab, a medtech startup, raised $2.45m in seed funding.
– The company plans to expand its AI-powered heart scanning and reporting platform to cardiologists in the United States by early next year.
– HeartLab provides an end-to-end solution for echocardiograms, the ultrasound tests that doctors use to examine a patient’s heart structure and function.

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Financial Services FinTech Information Technology Payments South Asia

Asian merchant commerce platform Pine Labs raises $100 million

– Pine Labs, a merchant commerce platform, raised $100m funding.
– The round was led by Invesco Developing Markets Fund.
– The startup is looking to file for an initial public offering within two years.

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Australia and Oceania Event Management Events SaaS Software Video Conferencing

Online events platform Delegate Connect gets $10M AUD led by AirTree

– Delegate Connect, a virtual/hybrid events platform, raised $10m in seed funding.
– The round was led by AirTree Ventures and joined by Skip Capital, TEN13 and Australian startup founders like LinkTree’s Alex Zaccaria and Go1’s Andrew Barnes.
– The capital will be used to build Delegate Connect’s teams in Melbourne, London and Norway, which enable it to handle events around the world, increasing headcount from 45 to more than 100 by December.
– It also plans to open a United States-based office soon.

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Health Care North America Product Design Wellness

Molekule Receives Investment from Kevin Love

– Molekule, a San Francisco, CA-based air purification technology company, received an investment from Cleveland Cavaliers’ Kevin Love.
– The amount of the deal was not disclosed.
– The company will use the funds to advance its air quality technology and expand its business reach.

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Biopharma Biotechnology Health Care Medical North America

Aptinyx Secures $50 Million Growth Capital Credit Facility from K2 HealthVentures

– Aptinyx Inc. has entered into a $50m loan facility and security agreement with K2 HealthVentures.
– The funds will provide general growth capital as Aptinyx advances its late-stage clinical pipeline of novel NMDA modulators.
– Under the terms of the agreement, the remaining $25m is subject to the achievement of certain terms and conditions, including regulatory and developmental milestones.

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Information Technology North America

Ategrity Specialty Insurance Company Closes $75M Raise

– Ategrity Specialty Insurance Company is a Scottsdale, Ariz.-based specialty property & casualty insurance company focused on the excess and surplus (“E&S”) lines market.
– The company completed a $75m capital raise.
– The round was led by Sequentis Financial.
– The new investment will be used for continued growth.

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Artificial Intelligence Cloud Computing Computer Software Information Technology Marketing North America Software

Pyxis One Raises $17M to Democratize Codeless AI in Marketing as a SaaS Offering

– Pyxis One closed $17M in Series B funding.
– With total funding of $24M, the tech startup plans to use this round of capital for investments in product development, and to expand to new markets.
Celesta Capital and Premji Invest co-led the round with participation from previous investors Chiratae Ventures, pi Ventures, and Exfinity Venture Partners.
– Pyxis One enables enterprises to scale accurate data-driven marketing.
– The startup’s codeless AI ecosystem comprises dozens of AI models deployed across different aspects such as targeting, optimization, creative recommendation, and consumer research, enabling a complete ecosystem that can help teams collaborate, and leverage capabilities enabled by the adoption of AI.

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Information Technology North America Wireless

Aira Technologies Raises $13M in Equity Financing

– Aira Technologies from Saratoga, CA raised $13M in equity financing.
– The round was led by Neotribe Ventures and Acrew Capital with participation from Foothill Ventures and industry angels Ryan Drant (Founding Partner, Questa Capital) and Carl Waldspurger.
– The new investment will be used to accelerate the company’s global expansion and development of new products.

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Health Care North America

SafelyYou Closes $19.5M Series A Funding Round

– SafelyYou from San Francisco provides artificial intelligence-enabled fall detection and prevention for dementia care.
– Series A $19.5m round was led by Eclipse Ventures with participation from Founders Fund, as well as existing investors DCVC, Foundation Capital, TSQ Advisors, Pathbreaker Ventures, The House Fund, Swift Ventures, Pacific Health Ventures, Anorak Ventures, and 7Percent Ventures.
– The new investment will be used to scale up the business.

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Health Care North America

SafelyYou Closes $19.5M Series A Funding Round

– SafelyYou from San Francisco provides artificial intelligence-enabled fall detection and prevention for dementia care.
– Series A $19.5m round was led by Eclipse Ventures with participation from Founders Fund, as well as existing investors DCVC, Foundation Capital, TSQ Advisors, Pathbreaker Ventures, The House Fund, Swift Ventures, Pacific Health Ventures, Anorak Ventures, and 7Percent Ventures.
– The new investment will be used to scale up the business.

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eSports Gaming iOS South Asia Sports

Mobile Premier League Raises Series E Financing; Valued at $2.3 Billion

– Mobile Premier League, the Asian largest esports and skill gaming platform, raised its Series E round of financing at a pre-money valuation of $2.3b.
– The round was led by Legatum Capital with participation from existing investors Sequoia, SIG, RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures, and Founders Circle Capital.
– The new investment will be used to finance the company’s global expansion and invest in its technology.

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Analytics Big Data Information Services Market Research North America Productivity Tools Text Analytics

Viable Raises $3.9M in Funding

– Viable is a San Francisco, CA-based analytics startup using artificial intelligence to automate text analysis of customer feedback.
– The company raised $3.9m in pre-seed and seed funding.
– The round was led by Craft Ventures and Javelin Venture Partners.
– The company intends to use the funds to bring to market its qualitative feedback analysis AI tool.

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Biotechnology Health Care Medical North America

Alpine raises $91M to fuel the Seattle biotech’s clinical trials for lupus and cancer

– Alpine Immune Sciences, a publicly traded biotech, raised $91m in funding.
– The funding will support the company’s ongoing trials for cancer and a potential treatment for immune conditions.
– The company plans to initiate a phase 1 study for the agent by this winter.

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Compliance North America Security Software

Relyance AI scores $25M Series A to ensure privacy compliance at the code level

– Relyance AI, an early-stage startup that is helping companies stay in compliance with privacy laws at the code level, announced a $25m Series A.
Menlo Ventures and Unusual Ventures led the round.
– Serial entrepreneur Jyoti Bansal from Unusual will join the board under the terms of the deal.
– Matt Murphy from Menlo is coming on as a board observer.
– The company has now raised $30m.

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North America Real Estate Software

Real estate investment app Concreit launches with $6M in new funding

– Seattle-based Concreit enables users to invest in its real estate fund with the click of a few buttons on its app and as little as $1 starting investment.
– The launch of the app is the culmination of an endeavor more than a year in the making by CEO Sean Hsieh, who had previously founded Seattle-based VoIP communications company Flowroute, which sold in 2018.
– Hsieh co-founded Concreit with Flowroute co-founder Jordan Levy and Rui Maximo, who was formerly CTO at blockchain startups LifeID and StormX.

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Education Software Engineering Southeast Asia Web Development

Vietnam-based CoderSchool gets $2.6M pre-Series A to scale online course platform

– CoderSchool, a Ho Chi Minh City, Vietnam-based online coding school startup, announced $2.6m in pre-Series A funding to scale up its online coding school platform.
– This round was led by Monk’s Hill Ventures, with participation from returning seed investors Iterative, XA Network and iSeed Ventures.
– The company, founded in 2015 by Charles Lee and Harley Trung, who previously worked as software engineers, pivoted from offline to online in early 2020 to bring high-quality technical training to everyone, everywhere.
– After switching to a fully online learning program, the company recorded 100% quarter-over-quarter (QoQ) growth in fully online enrollment, it said in a statement.

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Infrastructure North America Security Software

Infrastructure access platform StrongDM raises $54M

– StrongDM has raised $54m in a series B round led by Tiger Global, with participation from GV, Sequoia Capital, True Ventures, HearstLab, Bloomberg Beta, and Godfrey Sullivan.
– The proceeds will be put toward supporting “all parts” of StrongDM’s go-to-market strategy over the coming months.
– StrongDM’s solution is a tool that manages and audits access to servers, databases, datacenters, and more.
– The Burlingame, California-based company combines authentication, authorization, networking, and observability into one service, delivering infrastructure access controls across legacy and multicloud environments.
– StrongDM was founded by Zalman, Schuyler Brown, and Justin McCarthy in 2015.

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Apps Eastern Asia Journalism Media and Entertainment Mobile News

News aggregator SmartNews raises $230 million, valuing its business at $2 billion

– SmartNews, a news aggregation website and app, raised $230m in Series F funding.
– The round was led by Princeville Capital and Woodline Partners, and joined by JIC Venture Growth Investments, Green Co-Invest Investment, and Yamauchi-No.10 Family Office in Japan.
– Existing investors participated in this round including ACA Investments and SMBC Venture Capital.
– The company plans to develop more features for its U.S. audience that will focus on consumer health and safety.

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Artificial Intelligence Semiconductor Western Europe

Axelera, which is developing an AI accelerator chip, raises $12M

– Axelera AI, a Dutch AI semiconductor startup, emerged from stealth with $12m in seed funding led by Bitfury, a security and infrastructure provider for the Bitcoin blockchain.
Innovation Industries Fund participated in the round, which the company says will support developing of AI apps at the edge.
– Edge AI, the processing of AI algorithms on devices like drones, digital signage, cameras, and sensors, derives from edge computing, which starts from the same premise: Data is processed and managed at internet of things endpoints.
– Edge AI is advantageous in industries like retail, robotics, and manufacturing, where it can deliver lower latency than sending data to remote servers — and avoid disruptions and costs in the process.
– Incubated by Bitfury, Axelera says it’s developing a chipset to accelerate AI and machine learning algorithms at the edge.

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Business Intelligence Cloud Data Services Data Integration SaaS Western Europe

Matillion raises $150M at a $1.5B valuation for its low-code approach to integrating disparate data sources

– Matillion, a startup that helps companies harness their data, raised $150m in funding.
– The round was led by General Atlantic and joined by Battery Ventures, Sapphire Ventures, Scale Venture Partners and Lightspeed Venture Partners.
– The company has hundreds of enterprise customers, including Western Union, FOX, Sony, Slack, National Grid, Peet’s Coffee and Cisco.
– The startup was founded in Manchester (it now also has a base in Denver), and this makes it one of a handful of tech startups out of the city — others we’ve recently covered include The Hut Group, Peak AI and Fractory — now hitting the big leagues and helping to put it on the innovation map as an urban center to watch.

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Employment Human Resources Recruiting South Asia

Tiger Global-led $100M investment makes Apna India’s fastest unicorn

– Apna, a startup that is helping millions of blue- and gray-collar workers in India learn new skills and find jobs, has become the youngest firm to join the coveted unicorn status in the world’s second-largest internet market.
– The startup raised $100m funding led by Tiger Global at a $1.1bn valuation.
– Other investors include Owl Ventures, Insight Partners, Sequoia Capital India, Maverick Ventures and GSV Ventures.

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Artificial Intelligence Computer Internet Machine Learning North America SaaS Software

Constructor finds $55M for tech that powers search and discovery for e-commerce businesses

– Constructor, a company that powers search and product discovery tools for e-commerce businesses, raised $55m in Series A funding.
– The round was led by Silversmith Capital Partners and joined by a long list of notable individual investors.
– The company says that it powers “billions” of queries every month, with revenues growing 233% in the last year.
– Constructor is led by CEO and co-founder David Sacks, who previously co-founded Yammer and Geni.

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Information Technology Internet North America SaaS Security

SaaS data backup and recovery platform Rewind raises $65M

– Rewind, a data backup and recovery platform for software-as-a-service (SaaS) applications, has raised $65 million in a series B round of funding.
– The company is now valued at well over $1bn.
– Rewind historically offered data backup services for businesses running Shopify, BigCommerce, and Intuit QuickBooks, but earlier this year the company acquired BackHub to extend its support to GitHub and later added support for Trello.
– Gartner forecasts global “public cloud end-user spending” to grow 18% in 2021, of which SaaS remains the largest segment — it’s estimated to hit $117.7 billion this year, up from $101 billion in 2020.

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Bitcoin Financial Services North America Peer to Peer Transaction Processing

Abra Announces $55 Million in Series C Funding

– Abra has raised $55m in Series C funding. The round was led by IGNIA and Blockchain Capital, with new investors including Kingsway Capital, Tiga Investments and the Stellar Development Foundation.
– The round brings Abra’s total funding to date to over $85m since inception.
– This new round will enable the company to further expand its world-class product team into new offerings for wealth management, trading, and payments; scale its marketing team; and develop the company’s fast-growing high net worth and institutional sales offerings.
– Abra has experienced tremendous growth over the past year. The company’s revenues have increased more than ten-fold, while custody services, Abra Trade and Abra Earn, went from zero to $1bn in AUM, with zero defaults.

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Biotechnology Medical North America Therapeutics

Allay Therapeutics Completes Oversubscribed $60M Financing to Advance Ultra-Sustained Pain Platform

– Allay Therapeutics completed its oversubscribed $60M Series C financing, led by Arboretum Ventures.
– The proceeds from the Series C will advance the Company’s lead candidate, ATX-101, into Phase 2b clinical trials, and support the further development of Allay’s platform for ultra-sustained analgesic products.
– Allay intends to proceed into a Phase 2b study of ATX-101 in total knee arthroplasties (TKA, also called total knee replacements) in the United States.

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Credit Credit Cards FinTech North America Personal Finance

TomoCredit Raises $10 Million in Series A Funding to Help Build Credit for First Time Borrowers

– TomoCredit, a fintech company offering a credit card focused on building a credit history for first-time borrowers, announced a $10 million Series A funding round led by Kapor Capital and KB Investment, a subsidiary of South Korea’s leading consumer bank.
– The company also appointed Ash Gupta, former CRO at American Express, to the board.

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E-Commerce Information Technology Insurance Mobile North America

Zonos Raises $69 Million Series A Led By Silversmith Capital Partners to Democratize Cross-Border Sales Amid Global Commerce Boom

– Zonos announced a $69m minority investment led by Silversmith Capital Partners with participation from individual investors including Eric Rea, co-founder and CEO of Podium, Aaron Skonnard, co-founder and CEO of Pluralsight, Austen Allred, co-founder and CEO of Lambda School, Josh James, founder and CEO of Domo, and David Elkington, founder of InsideSales.
– As Zonos’ first outside capital since its founding in 2009, the investment will support the company in delivering on its mission to create trust and transparency in global trade.
– The company created the shipping carrier-agnostic cross-border category, which aims to solve problems through technology, not shipping.

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Clean Energy Energy North America Renewable Energy Solar

Arcadia Raises $100M Series D to Democratize Access to Clean Energy

– Arcadia, the climate-crisis-fighting technology company unlocking nationwide access to energy data and renewables, announced a $100m Series D funding round led by Tiger Global Management and the Drawdown Fund with participation from new investors Wellington Management, Reimagined Ventures (the family office of Alec Litowitz, founder of Magnetar Capital), Camber Creek, MCJ Collective, and existing investors Energy Impact Partners, G2 Venture Partners, Inclusive Capital, and BoxGroup.
– Combined with the Company’s previously undisclosed $21m Series C-1 in December 2020, Arcadia has now raised $180m in total funding.
– The new round of capital will be used to accelerate Arcadia’s technology roadmap, expanding product capabilities across new verticals including electric vehicles and distributed energy resources to catalyze innovation in the sector, making renewables accessible and affordable for all.

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Biotechnology Pharmaceutical Western Europe

Anjarium Biosciences Raises $61M in Series A Financing

– Anjarium Biosciences AG is a Schliren, Zurich-based biotech company focused on creating and delivering a new class of non-viral gene therapies.
– Series A funding closed at $61m.
– The round was co-led by Abingworth and Gimv, with participation from Omega Funds, Pfizer Ventures and Surveyor Capital (a Citadel company).
– The new investment will be used to advance the company’s pipeline programs towards clinical development.

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Analytics Cloud Data Services Cloud Management North America Software

Flywheel Raises $22M in Series C Funding

– Flywheel announces a $22m Series C funding round.
– The round was led by 8VC and includes iSelect, Argonautic Ventures, Beringea, Novartis, HPE Pathfinder, Spike Ventures, Key Investments, Seraph, Great North Labs and others.
– Flywheel’s cloud-based data management platform enables researchers to accelerate discovery through streamlined data curation and management, automated pipelines for machine learning and analysis, and tools to ensure secure collaboration.
– With Flywheel’s platform in place, researchers across academic, clinical and life sciences organizations can transform productivity and accelerate innovation in imaging research, multicenter studies, AI development and clinical trials.

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Cloud Data Services Cyber Security E-Commerce Platforms Identity Management North America Privacy

ID.me Raises $120M in Debt and Revolving Facility

– ID.me is a Mclean VA-based secure digital identity network which simplifies how individuals prove and share their identity online.
– The company secured $100m in debt financing from funds managed by affiliates of Fortress Investment Group LLC and $20mln revolving credit.
– The new investment will be used to accelerate growth along with the development of its secure digital identity network for all consumers.

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Analytics Construction Robotics Western Europe

Kewazo Raises $5M in Series A Funding

– Kewazo is a Munich, Germany-based construction technology company.
– Company raised $5M in Series A funding.
– The round was led by True Ventures with participation from MIG AG.
– The new investment will be aimed at expanding operations and business reach.

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Consumer Goods North America Service Industry Subscription Service

Omaha-Based PetFriendly Raises $6 million in Seed Funding

– PetFriendly, a subscription pet care company delivering vet-quality flea and tick protection to customers’ doorsteps, announced that it has closed $6 million in seed funding.
– The round was led by an affiliate of McCarthy Capital and included participation from Revolution’s Rise of the Rest Seed Fund, Emil Capital Partners and Invest Nebraska.
– PetFriendly will use the funding to scale its Omaha operations, hire additional team members and expand its product offerings into additional categories.
– The funding is the first external investment in the company.
– Founded in 2018 by Chief Executive Officer Aaron Shaddy and Chief Operating Officer Ryan Finstad, PetFriendly has grown exponentially over the past two years.

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Finance Financial Services FinTech North America

Neo Financial announces $64 million Series B raise to accelerate growth

– Neo Financial (Neo), a financial technology company created by two of the co-founders of SkipTheDishes, announced their $64 million Series B fundraising round.
– This brings Neo’s total funding to $114 million CAD, with Valar Ventures leading both Series A and B rounds.
– With this latest capital raise, Neo will continue to grow its team from both Calgary and Winnipeg, and focus on launching new integrated fintech partnerships with retailers – a significant gap that’s underserved by incumbent banks. They will also be going beyond just ‘spending and saving’ to innovate and launch new products and features across the entire journey of Canadians’ financial lives.

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