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Fitness Health Care Machine Learning North America Personal Health Wellness

January AI Raises $21 Million to Fuel Growth of Its Breakthrough Diabetes Management Technology

– January AI has raised $8.8M in new funding from visionary institutional and individual investors, bringing its total capital raised to $21M.
Felicis Ventures, a venture fund with a history of investing in notable consumer health and wellness disruptors, including Fitbit and Modern Health, participated in the round along with HAND Capital and Marc Benioff.
– They join existing seed investors AME Cloud Ventures and SignalFire, along with YouTube Co-Founder Steve Chen, Sunshine Co-Founder Marissa Mayer, Grail Co-Founder and former Illumina CTO Mostafa Ronaghi, Home Care Assistance Chairman Lily Sarafan, and Oracle veteran Gary Kennedy.

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Aerospace Manufacturing North America Operating Systems Software Engineering

First Resonance Raises Fresh Round of Funding to Meet Growing Demand for Factory Operating System from New Generation of World-Changing Manufacturers

– First Resonance Raises Fresh Round of Funding to Meet Growing Demand for Factory Operating System from New Generation of World-Changing Manufacturers
Blue Bear Capital Led Funding Round
– Funds Raised to Date to More than $5 Million
– The new capital will be used to expand the First Resonance team to support continued development of its unique approach to manufacturing, informed by the team’s background at SpaceX, NASA, Zoox, Toyota, and more.
– Growing list of customers which includes Joby Aviation, Matternet, Cobalt Robotics, and Astra are not only inventing new types of products but also new ways to build them.
– The First Resonance Factory Operating System, ion, takes a fresh perspective on manufacturing.

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Cloud Data Services Data Center Information Technology North America

Quantum Loophole First Year Seed Funding Exceeds $13 Million

– Quantum Loophole has raised over $13m in its initial round of seed funding.
– The company is an innovative developer of first-of-its-kind Gigawatt-scale master plan data center cities.
– Quantum Loophole is founded and led by Josh Snowhorn, an interconnection and data center industry executive who has built over $10B of value during his 20+ year career.
– Snowhorn has compiled a formidable communications infrastructure industry leadership team with proven experience at organizations that include Microsoft, Apple, Time Warner Cable, Charter Communications, Cincinnati Bell, CyrusOne, Deloitte, PwC, Terremark, Verizon, Yahoo and more.

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Artificial Intelligence Enterprise Software Information Technology Mobile North America

Otter.ai Raises $50 Million Series B Led by Spectrum Equity to Address Over a Billion Users of Online Meetings and Demand for Otter’s Productivity and Collaboration App

– Otter.ai announced that it has raised $50m in a Series B led by Spectrum Equity, with continued participation from Horizons Ventures, Draper Associates, GGV Capital, Draper Dragon Fund, and others to capture unprecedented demand for its online meeting productivity tools.
– John Connolly, Managing Director of Spectrum Equity, will join Otter.ai’s Board of Directors.
– Otter.ai’s AI-powered collaborative note-taking and productivity app work seamlessly with video conferencing platforms like Zoom and Google Meet and with phone calls and other voice communications.
– The round includes a $10m convertible note.

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Autonomous Vehicles FinTech Freight Service Insurance InsurTech Logistics North America Transportation

Trucking Insurer Koffie Labs Raises $4.5 Million

– Koffie Labs (Koffie), an insurtech focused on reinventing the trucking and transportation markets, today announced it has raised $4.5m in venture financing.
Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048 Ventures, Plug and Play Ventures and C2 Ventures.
– Trucking insurance is an essential component of the broader $800b trucking industry and the backbone of the US economy. With commercial auto rates consistently increasing over the last decade, there are few viable options for fleets.
– Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in safety with discounted insurance premiums.

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Manufacturing North America Sustainability Textiles

Allbirds is investing in a plant-based leather substitute, plans faux-leather shoe drop in December

Allbirds, a shoe company, invested $2m in Natural Fiber Welding.
– The investment will see Allbirds bring a vegan leather replacement option to customers by December 2021.
Allbirds these days is far more than a shoe company, and Natural Fiber Welding’s products include a purportedly tougher cotton fiber made using the company’s proprietary processing technology and a plant-based leather substitute.
– Those materials could find their way into Allbirds’ array of socks, shoes, t-shirts, underwear, sweaters, jackets and face masks.
– Natural Fiber Welding already touts a relationship with Porsche on its website, so Allbirds isn’t the only company that’s warmed to the Peoria, Illinois-based startup’s new materials.

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Advertising Advertising Platforms B2B Digital Marketing Enterprise Software Marketing Automation North America SaaS Sales Automation

Terminus Secures $90M Series C Led By Great Hill Partners

– Terminus, the leading account-based marketing platform, announced today it raised a $90m Series C from Boston-based Great Hill Partners with participation from existing investors Atlanta Ventures, Edison Partners, and Hallett Capital to accelerate data products innovation, hiring and market expansion.
– With the investment, Great Hill Partners’ Derek Schoettle and Chris Gaffney will join Terminus’ Board of Directors. Schoettle brings decades of data innovation experience from his time as chief executive of ZoomInfo (acquired by DiscoverOrg in 2019) and chief business officer of IBM’s Watson & Cloud platform. Gaffney, who co-founded Great Hill Partners in 1988, brings extensive software and media experience, having served on more than 45 boards and participated in over 100 acquisitions.

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Communities Digital Entertainment Internet Mobile North America

Beamable Closes $5M Equity Funding Round

– Beamable from Boston provides a Software-as-a-Service platform for the business operations of live games.
– The company raised approximately $5m in equity funding round.
– The round was led by Companyon Ventures and GrandBanks Capital, and joined by investors from Defy.vc, Oyster Funds, and others.
– The new investment will be used to expand operations and reach.

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Artificial Intelligence Cyber Security Information Technology Internet Machine Learning North America Software

Armorblox Raises Series B Funding to Restore Trust in Email Communications

– Armorblox announced that it raised $30m in Series B venture capital funding.
– The funding was led by Next47 with participation from Polaris Partners and Unusual Ventures, as well as General Catalyst and other early investors.
– Armorblox is on a mission to restore and uphold trust in email communications by stopping targeted, socially engineered attacks from compromising people and data.
– The funding comes amidst fast-paced customer growth during 2020, accelerated further by the widespread shift to remote work and a growing discontent with the complexity and ineffectiveness of traditional email security controls.
– Already protecting over 9,000 organizations, Armorblox is using the new funding to expand its go-to-market, engineering, and data science teams and further cement its position as a next-generation email security provider that is centered around delivering customer value.

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Consumer Goods E-Commerce Europe

Everdrop raises $21.8M Series A round led by Felix Capital for its dissolvable cleaning tablet

– Munich-based startup everdrop raised €18m in Series A funding.
– The round was led by Felix Capital, with participation from HV Capital and Vorwerk Ventures.
– The company plans to develop a wider range of sustainable household products and market them across Europe, and eventually the U.S.

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Enterprise Software North America Outsourcing Professional Services

Startek Announces $185 Million Debt Refinancing

– Startek has successfully completed a debt refinancing with a newly secured $185m senior debt facility, comprising a $165m term loan and a $20m revolving credit facility.
– Borrowings under the new senior debt will bear a tiered interest rate, which is based on the Company’s consolidated net leverage ratio and is initially set at LIBOR plus 450 basis points.
– The term loan will have a moratorium on principal repayment for 21 months and will amortize quarterly thereafter, beginning November 2022.
– The loan is subject to certain standardized financial covenants.
– ING Bank N.V. and DBS Bank Ltd. served as underwriters for the new senior debt facility and were the lead lenders of the previous senior debt facility, which is now repaid in full.

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Biotechnology Health Care Health Diagnostics North America Therapeutics

Xilio Therapeutics Raises $95 Million in Series C Financing to Advance Potent Tumor-Selective Immuno-Oncology Pipeline

– Xilio Therapeutics, a biotechnology company developing potent, tumor-selective immunotherapies for patients with cancer, today announced the successful closing of a $95m Series C financing.
– Proceeds from the financing will be used to advance Xilio’s lead therapeutic candidates, XTX202 (tumor-selective IL-2) and XTX101 (tumor-selective anti-CTLA4 mAb), into clinical trials.
– Investigational new drug (IND) applications for XTX202 and XTX101 are expected to be filed with the U.S. Food and Drug Administration (FDA) in 2021.
– The financing was led by Rock Springs Capital and was joined by Bain Capital Life Sciences, Deerfield Management Company and RA Capital Management, among other new investors.

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Analytics Enterprise Software Event Management Events Information Technology North America SaaS

Hubilo raises $23.5 million to power virtual events with real-time data and analytics

– Hubilo, a platform that helps businesses of all sizes host virtual and hybrid events and gain access to real-time data and analytics, has raised $23.5 million in a series A round led by Lightspeed Venture Partners.
– The round saw participation from the U.K.’s Balderton Capital and Microsoft chair John W. Thompson, among other angel investors.
– The investment comes as people around the world prepare for a semblance of normality after a year of pandemic-induced social distancing.
– But while physical events will likely return in some form in the next year, online events are widely expected to stay — either exclusively or as part of a hybrid format.

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Food and Beverage Food Delivery North America

MealMe raises $900,000 for its food search engine

– MealMe.ai, a food search engine, raised $900k in pre-seed funding.
Palm Drive Capital led the round, with participation from Slow Ventures and CP Ventures.
– TechCrunch first became familiar with MealMe when it presented as part of the Techstars Atlanta demo day last October, mentioning it in a roundup of favorite startups from a group of the accelerator’s startup cohorts.
– The company’s product allows users to search for food, or a restaurant. It then displays price points from various food-delivery apps for what the user wants to eat and have delivered. And, notably, MealMe allows for in-app checkout, regardless of the selected provider.
– The service could boost pricing and delivery-speed transparency amongst the different apps that help folks eat, like DoorDash and Uber Eats.

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Human Resources Internet North America Recruiting

Recruiting Platform WizeHire Raises $7.5 Million

– WizeHire is a recruiting platform for small businesses.
– The company raised $7.5m in Series A funding.
Amplo and Mercury led the round, and joined by existing backers Ruchit Shah and RigUp co-founder Sandeep Jain.
– The company plans to use the funding to provide small businesses a faster, easier hiring experience previously only available to large corporations.

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Asia Computer Software

Acumen nabs $7M seed to keep engineering teams on track

– Acumen, an Israeli engineering operations startup, announced a $7m seed investment.
Hetz, 10D, Crescendo and Jibe participated in the round.
– The company also announced it was emerging from stealth today.

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Artificial Intelligence Industrial Automation North America Robotics Software

Symbio emerges from stealth with $30 million to automate industrial assembly

– Emeryville, California-based industrial robotics startup Symbio Robotics today emerged from stealth with $30 million in funding.
– The company says the capital will be put toward further developing its technology as it looks to sign new customers.
– McKinsey pegs the automation potential for production occupations at 79%, and the pandemic is likely to accelerate this shift.
– A report by the Manufacturing Institute and Deloitte found that 4.6 million manufacturing jobs will need to be filled over the next decade, and challenges brought on by physical distancing measures and a sustained uptick in ecommerce activity have stretched some logistics operations to the limit.
– Symbio, which was founded in 2014, claims its software can help by allowing factory-floor robots to “learn” what to accomplish.

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Electric Vehicle Energy Energy Management Hardware Internet of Things North America Payments Software

ChargeLab raises seed capital to be the software provider powering EV charging infrastructure

– ChargeLab, a software provider for electric vehicle charging infrastructure, raised $4.3m in seed funding.
– The round was led by Construct Capital and joined by Root Ventures, and Notation Capital.
– The company plans to use the funding to expand its sales and marketing efforts.

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Internet North America

GiveSignup Closes Series A Funding Round To Compete With Eventbrite, GoFundMe and Classy

– GiveSignup, the first purpose-built Supporter Engagement Platform for nonprofit revenue generation, today announced closing of its Series A funding round with a 25% boost from new investors: CloudBees Founder Sacha Labourey and former Eventbrite CFO Randy Befumo.
– Led by Payroc in September 2020, the total Series A round closes at $3.2 million.
– “We’re a kick-ass technology company well-positioned to seize the $50+ billion U.S. market for online giving,” shared Bob Bickel, founder and CEO of RunSignup | GiveSignup and investor in the Series A round.

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Agriculture Artificial Intelligence Biofuel Europe

Better Origin, which turns flies into food for chickens, raises $3M from… Fly Ventures

– Better Origin, a startup that converts waste food into essential nutrients using insects fed to chickens inside a standard shipping container, raised $3m funding.
– The round was led by Fly Ventures and solar entrepreneur Nick Boyle, while previous investor Metavallon VC is also participating.
– Its competitors include Protix, Agriprotein, InnovaFeed, Enterra and Entocycle.
– The company’s product is an “autonomous insect mini-farm”.
– It is dropped on site. A farmer adds food waste — gathered from nearby factories or from the farm — into a hopper to feed the larvae of black soldier flies.
– Two weeks later, the insects are fed directly to the chickens as an alternative to the soy feed they normally get.

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B2B E-Commerce Logistics North America Software Supply Chain Management

Shippo raises $45M more at $495M valuation as e-commerce booms

– Shippo, a software company that provides shipping-related services to e-commerce companies, raised $45m funding.
– The round was led by D1 Capital and joined by previous investors, including Accel, First Round Capital, and Y Combinator.
– The company plans to use the new capital to continue to grow its customer base.

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Cloud Data Services Database Information Technology North America Outsourcing

Hydrolix snares $10M seed to lower the cost of processing log data at scale

– Hydrolix, a startup that helps companies process data from logs, traces and metrics, announced a $10m seed round.
– The round was led by Wing Venture Capital with help from AV8 Ventures, Oregon Venture Fund and Silicon Valley Data Capital.
– The company plans to use the funding to expand its engineering team and build out its product.

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Computer Network Security North America Security

PerimeterX raises $57 million to fight bots and web app attacks

– PerimeterX, a cybersecurity startup developing a platform to protect apps from malicious actors, today announced it has raised $57 million in growth capital, bringing its total raised to $144 million.
– The company says this investment will be used to expand into new geographies and verticals and grow its workforce.
– According to Markets and Markets, the security orchestration, automation, and response (SOAR) segment is expected to reach $1.68 billion this year, driven by a rise in security breaches and incidents and the rapid development and deployment of cloud-based solutions.
– According to Risk Based Security, data breaches exposed 4.1 billion records in the first half of 2019.
– That may be why 68% of business leaders in a recent Accenture survey said they feel their cybersecurity risks are increasing.

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Data Integration Electronic Health Record (EHR) Health Care Information Technology North America

Redox Raises $45M in Series D to Drive the Adoption of Technology in Healthcare

– Redox, the company making healthcare data useful, today announced it has raised $45m in Series D funding.
– The round was led by global private equity firm Adams Street Partners, with participation from Avenir and existing investors Battery Ventures, .406 Ventures, and RRE Ventures.
– This funding was preceded by a consistent pattern of acceleration. With integrations booming by 300% and the company surpassing 1,000 live connections on the Redox network in October 2020, Redox continues on an exponential trajectory.

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Artificial Intelligence Europe InsurTech Machine Learning

Zelros raises $11 million for AI that personalizes insurance plans

– Insurance tech startup Zelros today announced that it raised $11m in series A funding led by BGV.
– The company plans to use the capital to scale operations across Europe and expand into North America.
– Zelros employs AI to provide advisors and policyholders with advice on choosing the right coverage for their needs.
– The platform ingests claims, quotes, voice calls, underwriting documents, and other kinds of data via connectors to cover tasks like claim handling and facilitate the deployment and monitoring of AI pipelines in production.
– Zelros taps natural language understanding technology to capture information from voice conversations between policyholders and insurance advisors or contact center representatives.
– The platform surfaces contextualized recommendations in real time and at the end of customer calls, storing newly detected information to enrich customer relationship management databases.

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CleanTech Electrical Distribution Energy North America Wireless

WiTricity Extends Recent Funding by $18M for a Total of $52M

– WiTricity announced an additional $18m to its previously announced October fund raise of $34m.
– The extension included investments from Tony Fadell’s Future Shape and other private investors. Fadell also joins WiTricity’s newly formed Board of Advisors.
Stage 1 Ventures led the first tranche of $34m with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas).
– As global automakers race to support both consumer and government-generated demand for zero-emissions vehicles, they are also developing wireless charging capabilities that will improve the owner experience.

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Biotechnology Health Care North America Therapeutics

Vividion Announces $135 Million Series C Financing to Fuel Broad Pipeline of Precision Oncology and Immunology Programs

– Vividion Therapeutics, Inc., a biotechnology company utilizing novel discovery technologies to unlock high value, traditionally undruggable targets with precision therapeutics for devastating cancers and immune disorders, announced the completion of a $135 million Series C financing.
– The round was co-led by new investors, Logos Capital and Boxer Capital of Tavistock Group.
– Additional new investors in the raise include SoftBank Investment Advisers, Avoro Capital Advisors, funds and accounts managed by BlackRock, RA Capital Management, funds and accounts advised by T. Rowe Price Associates, Inc., Surveyor Capital (a Citadel company), Woodline Partners LP, Acuta Capital and Driehaus Capital Management, alongside existing investors ARCH Venture Partners, BVF Partners L.P., Casdin Capital, Mubadala Capital, Nextech Invest and Versant Ventures.

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Employee Benefits Insurance North America Property Insurance

Patriot Growth Insurance Services Raises Additional Capital to Support Continued Growth

– Patriot Growth Insurance Services, LLC (“Patriot” or the “Company”), one of the country’s largest and fastest-growing national insurance agencies, today announced that it has closed on a new round of financing in support of its aggressive acquisition and organic growth strategy.
– The additional capital raised represents a significant expansion of Patriot’s existing debt facility.
– The raise is co-led by existing lenders Barings Global Private Finance and Antares Capital LP, and also includes new participant Morgan Stanley Private Credit.
– Based in Fort Washington, PA, Patriot was founded in January 2019 by CEO Matt Gardner, a 30-year veteran of the insurance distribution industry.

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Financial Services FinTech Mobile Payments South America

RecargaPay closes a $70 million Series C

– RecargaPay, a Brazil-based fintech that allows users to top off their prepaid cell phones online, announced this morning that they’ve closed their $70 million Series C.
– The company, which operates solely in Brazil, was launched in 2010 by Miami-based serial entrepreneur Rodrigo Teijeiro, who is co-founder and CEO.
– Unlike in the U.S. where most people have a cell phone plan through a major carrier, in Brazil — a country where the minimum wage is currently $1,100 reals per month (roughly $202 USD) — many people must buy calling cards at local shops to add credit to their phones, which allows them to avoid a monthly recurring bill.

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Asia Health Care Hospital

WuXi Diagnostics Secures US$150 Million Series B Financing to Accelerate Market Penetration in Global Diagnostics Sector

– WuXi Diagnostics secured a US$150m Series B financing round to accelerate market penetration in the global diagnostics sector.
– The round was joined by new investors including Thermo Fisher, Shiyu Capital, ABC International, Sunland Capital, and CCBI Tech Venture.
– WuXi Diagnostics will deploy funds to strengthen its open-access innovation enabling platform, advance its integrated diagnostics R&D pipeline, and accelerate market penetration in the global diagnostics sector.
– WuXi Diagnostics is the first platform company in China focusing on integrated diagnostics. Since its establishment in 2018, WuXi Diagnostics has continuously promoted the clinical practice of integrated diagnostics by virtue of its open-access innovation enabling platform, centered on multi-omics clinical data from multidisciplinary technologies.

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Information Technology North America Services

OpsCruise Emerges From Stealth

– OpsCruise emerged from stealth today with $5m in Seed funding led by The Fabric and focused on the $17bn market opportunity for IT monitoring and observability.
– OpsCruise is the only actionable platform that enables enterprises to predict performance degradations and automate causal analysis in dynamic modern applications without proprietary software agents or code instrumentation.
– OpsCruise is currently working with 25+ customers, including several Fortune 500 companies in the financial services, telecom, tech and e-tailing industries.

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Cloud Data Services Enterprise Software Machine Learning North America SaaS

Prophecy.io raises $6.75 million to expand its data engineering platform

– Prophecy.io today announced it has raised $6.75 million from SignalFire and MuleSoft founder Ross Mason at a post-money valuation of $30 million.
– The company says the funds, which come as it launches a software-as-a-service (SaaS) version of its product, will be put toward expanding its customer base and hiring new workers.
– It’s estimated that most data scientists spend only 20% of their time on actual data analysis and 80% of their time finding, cleaning, and reorganizing huge amounts of data.
– Despite the fact that investments in big data and AI now exceed $50 million for over 50% of companies, according to a 2019 NewVantage Partners survey, the percentage of firms identifying themselves as data-driven has declined in each of the past three years.

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Network Hardware North America SaaS Smart Home Wireless

Plume picks up $270M at a $1.35B valuation to power smart home Wi-Fi for broadband providers

– Plume, a mesh-Wi-Fi platform, raised $270m funding.
– The round was led by Insight Partners and values the company at $1.35 billion.
– The company has deals in place with some 170 carriers around the globe that provide residential broadband services, reselling Plume’s mesh technology as a way to improve home Wi-Fi connectivity.

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Business Intelligence Information Technology IT Infrastructure North America Software

Katana Graph raises $28.5 million to handle unstructured data at scale

– Katana Graph, a startup that helps businesses analyze and manage unstructured data at scale, today announced a $28.5 million series A round led by Intel Capital.
– The company helps businesses ingest large amounts of data into memory, CEO Pingali told VentureBeat in a phone interview.
– The UT-Austin research group started working with graph processing and unstructured data two years ago and began by advising DARPA on projects that deal with data at scale.
– Katana Graph works in Python and compiles data using C++.
– Like companies that deal with algorithm auditing, AIOps, and model monitoring and management services, startups have emerged to help businesses analyze and label data, which may be why Labelbox raised $40 million and Databricks raised $1 billion.

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Apps Mobile Mobile Advertising North America

Fintech startup Finix closes on $3M in Black and Latinx investor-led SPV

– Finix, a payments infrastructure startup, raised $3m in a special purpose vehicle (SPV) that brought more than 80 “traditionally marginalized” investors onto its cap table.
– The SPV was created by the company’s founder Richie Serna, who is a first-generation Mexican-American.
– Moving forward, in all subsequent rounds, Finix will be allocating 10% of each round to Black and Latinx investors.

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Analytics Artificial Intelligence Document Management Legal Machine Learning North America Software Text Analytics

Evisort Pulls In $35M Series B Round

– Evisort from Silicon Valley today announced $35M in Series B funding following a year of 4x revenue growth.
– Global growth equity investor General Atlantic led the round, with participation from existing investors Amity Ventures, Microsoft’s venture fund M12, and Vertex Ventures.
General Atlantic‘s Operating Partner and former GE CIO Gary Reiner will join Evisort as a board member.
– The company will use the funds to grow its customer success team, expand its platform to include more workflow-specific offerings, and continue to push the boundaries of its pre-trained AI.

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Artificial Intelligence Information Technology Machine Learning North America Software

Aquarium scores $2.6M seed to refine machine learning model data

– Aquarium, a startup from two former Cruise employees, wants to help companies refine their machine learning model data more easily and move the models into production faster.
– The company raised $2.6m in seed funding led by Sequoia with participation from Y Combinator and a bunch of angel investors including Cruise co-founders Kyle Vogt and Dan Kan.
– Aquarium aims to solve this issue.
– The idea is to get a model into production that outperforms humans.
– Aquarium currently has 7 employees including the founders, of which three are women.

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Biotechnology North America

Asalyxa Bio Closes Seed Financing to Advance Lead Program into First-in-Human Clinical Studies

– Asalyxa Bio closed a $2m seed financing round to advance its lead program into first-in-human clinical trials.
– The financing was led by Research Bridge Partners, co-led by ID Ventures, and also included Michigan Rise Pre-Seed Fund III, BRCC of Western Michigan University, Ann Arbor Spark, Woodward Angels and other undisclosed investors.
– Proceeds from the financing will be used to advance Asalyxa Bio’s lead development candidate, ASX-100, into first-in-human clinical trials.
– Asalyxa Bio’s drug development programs are based on the company’s proprietary PANTHER technology platform, which enables the targeted delivery of therapeutic compounds directly to neutrophils and other key immune cells.

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Apps Bitcoin Europe FinTech Mobile Payments

Bottlepay Raises $15M in Seed Funding

– Bottlepay, a UK-based global payments app, raised £11m ($15m) in seed funding.
– The company intends to use the funds to expand the team, develop the platform’s functionality and geographical reach.
– Backers included British fund manager Alan Howard, venture capital firm FinTech Collective and tech entrepreneur Phil Doye.

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Advertising Platforms Cloud Data Services North America Social Media Advertising Video

VidMob Raises $50M in Series C Funding

– VidMob, a NYC-based Intelligent Creative platform provider, raised $50m in Series C funding.
– The round was led by Adobe, Shutterstock, Drive by DraftKings, the Spruce House Partnership, Prefix Capital, BuildGroup, Interlock Partners, Macanta, and key industry and tech leaders like Michael Kassan, Nick Brien, Thomas Tull, Mainardo de Nardis, among others.
– César Melo, former president at Mondelez and PepsiCo, CEO at Foster Grant and VP at Colgate-Palmolive is also investing and joining the board as an advisor.

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Direct Sales E-Commerce Furniture Home Decor North America

Furniture startup Burrow raises $25M

– Burrow, a startup that first launched with a modular sofa, eventually aims to sell you furniture for every room in your home.
– The company has raised $25m in Series C funding.
– The round was led by Parkway Venture Capital, with Managing Partner Gregg Hill joining Burrow’s board of directors.
NEA, Red & Blue Ventures, Winklevoss Capital and Michael Seibel also participated in the new round.
– The startup will use the new funding to launch new products while also investing in operations and building out its international supply chain.

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Internet North America

GoStork Raises $760k in First Seed Round of Funding

– GoStork raised $760k in first seed round of funding.
– The round was led by a collection of fertility and technology industry experts.
– GoStork is the first fertility marketplace where Intended Parents find, compare and connect with top fertility providers with the largest free online database of egg donors and surrogacy agencies in the world.
– GoStork offers intended parents the ability to compare providers side by side to weigh their experience, expertise, detailed cost breakdowns, success metrics, customer reviews and many other key criteria supporting informed decision making.
– The product further enables intended parents to direct message providers they’re interested in as well as to book consultation calls directly from the platform.
– While GoStork has over 50 surrogacy agencies and over 10,000 egg donors (the largest free online database), it works independently from any agency or clinic.

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Advanced Materials Health Care Medical Device North America

VenoStent Raises $2.3M Seed Funding

– VenoStent, an advanced materials company, today announced $2.3 million in seed funding.
– The company leverages its unique polymer engineering technology to develop bioresorbable slip-on polymer wraps, called SelfWrap.
– The product is aimed to eliminate vascular surgery failures, at first targeting vascular access surgery required to initiate hemodialysis treatment for end-stage renal disease (ESRD) patients.
Creative Ventures led the round with participation from IAG Capital Partners, C3 Ventures, Olima Ventures, Texas Halo Fund, Cowtown Angels, and SP Investment Fund, among other prominent investors.
– This brings the total funding to date to more than $6 million.

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Europe Medical Device

Axis Spine Technologies Raises £2.2M in Funding

– Axis Spine Technologies, a UK-based MedTech startup, closed a £2.2m funding round.
– The funding was led by ACF Investors’ Delta Fund with follow-on investment from Mercia’s EIS funds.
– An angel syndicate led by Simon Cartmell, who has more than 40 years pharmaceutical, biotech and medtech experience, participated.
– The funding will be used to support the launch of the new device in the USA, and also to progress developments of Oblique, Lateral cage implants, as well as a highly differentiated access system.

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North America Pharmaceuticals

Teon Therapeutics Completes $30 Million Series A Financing

– Teon Therapeutics completed a $30m Series A financing.
– The financing was led by Oceanpine Capital with participation from additional new investors Oriza Ventures, Lifespan Investments, and former Gilead senior executives.
– All existing investors also participated in the financing round including Northern Light Venture Capital, Kaitai Capital and Oriental Fortune Capital.
– The funds will be used to advance the company’s lead A2BR-selective antagonist TT-702 into the clinic as well as to build the company’s pipeline.

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Industrial Engineering Mechanical Engineering North America

Mantis Innovation Group, LLC Continues Service Line Expansion with Investment in Fairbanks Energy Services, Inc.

Mantis Innovation Group, LLC Continues Service Line Expansion with Investment in Fairbanks Energy Services, Inc.
O2 Investment Partners, LLC is pleased to announce that through Mantis Innovation Group, LLC it has made an investment in and partnered with Fairbanks Energy Services, Inc. and its leadership team to enhance both companies’ service offerings focused on improving facility performance and energy efficiency, reducing costs, and implementing and monitoring ESG initiatives.
Mantis Innovation Group, LLC is an industry leader in providing energy-efficient solutions for clients across commercial, industrial, data center, education, and healthcare verticals.
– Fairbanks Energy Services is an industry leader in providing nationwide energy efficiency solutions for clients across commercial, industrial, data center, education, and healthcare verticals.

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Asia Education Financial Services FinTech Lending

ErudiFi raises $5 million Series A to give students in Southeast Asia more education financing options

– ErudiFi, a student financing startup, raised $5m in Series A funding.
– The round was co-led by Monk’s Hill Ventures and Qualgro.
– The company currently works with more than 50 universities and vocational schools in Indonesia and the Philippines.
– It offers subsidized installment plans, using tech to scale up while keeping costs down.
– Interest rates and repayment terms vary between institutions, but can be as low as 0%, with loans payable in 12 to 24 months.

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Information Technology Network Security North America Technical Support

Electric raises $40 million for IT platform that gives businesses real-time insights and tech support

– Electric provides real-time IT support to businesses, alongside insights and data on its customers’ IT infrastructure.
– The company today announced it has raised $40 million in a series C round of funding led by Greenspring Associates.
– Founded out of New York in 2016, Electric offers chat-based IT support integrated directly into Slack or Microsoft Teams, with employees able to access technical support from Electric’s 100-plus team within 10 minutes.
– Requests range from password reset support and access to files or folders to troubleshooting network connections and hardware glitches or ordering a new mouse and keyboard.
– In addition to providing IT support, Electric’s platform, which it calls Turbine, gives companies visibility into all their IT support needs though data and analytics that show the volume of requests by type, time period, person, and more.

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Beauty Cosmetics Health Care North America

Heyday Closes $20 Million Series B Round Led by Level 5 Capital Partners (L5)

– Heyday announced a $20m Series B round of funding led by Level 5 Capital Partners (L5) with participation from existing investors Lerer Hippeau and Fifth Wall Ventures.
– The fundraise will allow Heyday to further scale and cement its position as the trusted brand in skincare, with expansion through franchise of its high-touch physical experience and innovation in delivering personalized skincare.
– Heyday’s expansion will meet the consumer both on and offline and will be inclusive of physical store expansion through a new franchise system while simultaneously digitizing its best-in-class experiences and services.

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Agriculture AgTech Manufacturing North America Organic

Anuvia raises $103 million to commercialize its novel fertilizer

– Anuvia Plant Nutrients has raised $103m to commercialize its novel fertilizer technology.
– The company is now ready to roll out its tech, which is already used on roughly 1,200 farms and is projected to be on 20 million acres of farmland by 2025.
– The Winter Garden, Florida-based company has a 1.2 million-ton facility for production, but the company wants to build out additional capacity and continue developing new fertilizers to take to market.
– Farmers using the product see increased yields of around five times their previous production levels and the product can be used on all the main row crops.

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Cloud Computing Enterprise Software IT Infrastructure North America SaaS Software

Platform9 Raises Additional Series-D Funding Led by WRVI Capital, Reports 145% YoY Growth In SaaS Managed Kubernetes

– Platform9 raised an additional $12.5m Series D funding for a total of $37.5m.
– The round was led by WRVI Capital, with participation from all existing venture investors including NGP Capital, Mubadala Ventures, Canvas Ventures, Menlo Ventures, and Redpoint Ventures.
– Platform9 also reported an industry-leading NPS (Net Promoter Score) of 71 and a customer satisfaction score of 99% for 2020.
– The company’s Managed Kubernetes deployments have become a critical part of many large-scale and complex 5G infrastructure roll outs, hybrid cloud containers-as-a-service, and Edge use cases in the retail, media, and entertainment market segments.

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3D Printing 3D Technology Augmented Reality E-Commerce Europe Marketplace

3D model provider CGTrader raises $9.5M Series B led by Evli Growth Partners

– CGTrader, a 3D content provider, raised $10m in Series A funding.
– The round was led by Inventure and joined by other investors.
– The company plans to consolidate its position and further develop its platform.

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Europe Internet Productivity Tools Software Web Apps Web Design Web Development

Rows Raises $16M in Series B Funding

– Rows.com (previously dashdash) is a cloud platform-based spreadsheet for developing business tools.
– Company raised $16m in Series B funding.
– The round was led by Lakestar with participation from Accel and Cherry Ventures, as well as new angel investor Christian Reber, CEO of Pitch, who joined the Advisory Board.
– The company intends to use the funds to expand operations and to build out functionality.

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Africa Banking Financial Services Information Technology Payments

South African digital bank TymeBank lands $109M from UK and Philippines investors

– TymeBank, a South African digital bank, secured an investment from new investors in the U.K. and Philippines.
– The company made this known via a statement.
– This investment will be used to bolster TymeBank’s growth and drive its commercial expansion across the country.
– The company offers a transactional bank account with zero or low monthly fees and a savings product.
– Most of its customers are onboarded via physical kiosks, usually in Pick n Pay and Boxer stores around the country.
– Since launching in February 2019, TymeBank has grown rapidly and now has about 2.8 million customers.
– The company says that it’s on track to reach 3 million by the end of next month.

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Artificial Intelligence Finance Financial Services FinTech North America

FundGuard Closes $12 Million Series A Funding Round to Accelerate Growth of First AI-Powered Investment Management Enterprise SaaS Platform

– FundGuard closed a $12m Series A funding round.
– The round was led by Team8 and included Blumberg Capital and LionBird Ventures.
– New investors included Jack Klinck, Heidi Miller, Jay Mandelbaum, Stanton Green, Mindset Ventures and Maccabee Ventures.
– The investment brings the total amount of capital raised by FundGuard to $16m.
– The investment will spur product development to support FundGuard’s partnerships with several of the world’s largest fund administrators and asset managers in addition to meeting increasing demand from alternative funds and insurance companies.
– Kirk Littleton joined the company as Sales Director.
– Alan Schneider also joined the company as Sales Director.

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Delivery E-Commerce North America Trading Platform Wine And Spirits

Foxtrot Market Closes $42 Million In Series B Investment Round

– Foxtrot Market received a $42m Series B investment round led by David Barber’s Almanac Insights and Monogram Capital Partners.
– The round was also backed by David Chang, Nicolas Jammet, and Walter Robb.
– Foxtrot Market plans to double its store count by the end of 2021.
– Foxtrot will also expand its line of private label packaged goods and gift offerings, and continue to invest in nationwide shipping.
– Foxtrot has made three new appointments to its executive team: Sumi Ghosh, COO; Scott Holloway, SVP, Delivery; and Caroline Barry, VP, Strategy.

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Europe Information Services

Space tech startup ConstellR, which can monitor land surface temperatures, raises €1M pre-seed round

– Space tech startup ConstellR raised €1m funding.
– The round was led by FTTF, with the participation of strategic investor OHB Venture Capital, Baden-Württemberg’s state bank L-Bank and an undisclosed investor.
– The company plans to launch its first system in December 2021.

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CRM Data Integration E-Commerce North America Retail Technology

SoundCommerce raises $15 million for big data insights that help retailers compete with Amazon

– SoundCommerce, a platform that unifies retailers’ data from across multiple systems, has raised $15m in a series A round of funding led by Emergence Capital.
– SoundCommerce is pitched as an end-to-end data platform that helps retailers improve their marketing and operations by harnessing all their data from customers, sales and purchase orders, shipments, and inventory.
– It does this by plugging into third-party platforms, including Google Cloud, Snowflake, AWS, Azure, Tableau, Looker, Microsoft Power BI, and more through prebuilt integrations.
– Ultimately, SoundCommerce wants to give retailers of all sizes the kind of data intelligence available to the major ecommerce players — such as Amazon.
– SoundCommerce had previously raised around $6.5m.

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Consumer Software Internet North America Real Estate

From food delivery to housing: Former Favor founders raise millions for Sunroom Rentals

– Real estate tech startup Sunroom Rentals has raised $11m in Series A funding.
– The round was led by Gigafund and joined by existing investors including Ben Doherty and Zachary Maurais, former founders of the delivery app Favor.
– The company plans to use the funding to expand across Texas, including in Houston, San Antonio and Dallas.

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CleanTech Commercial Real Estate Electric Vehicle Energy Energy Storage Internet of Things North America Renewable Energy Software

Peak Power Inc. Closes Latest Funding Round with Investment from The Atmospheric Fund

– Toronto-based Peak Power (Peak) today announced that it has closed funding from The Atmospheric Fund (TAF), representing the fifth investor in Peak’s capital funding round.
– TAF will join Sensata Technologies, Export Development Canada (EDC), BDC Capital, and Hatch/Canadian Shield as a strategic investor in Peak.
– TAF brings to the round their focus on carbon emissions reduction, as they have a mandate to advance local solutions to climate change through high impact investments.
– Their contribution aligns with Peak’s commitment to decarbonize energy, the built environment, and mobility through enabling intelligent energy in smart cities.

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