The Funding Warrior provides information on venture capital/private equity and startup funding. The Funding Warrior is a weekly news feature that runs down this week’s leading startup funding stories. Here’s a list of top startup funding stories:
New York City-based Accrue Savings, a financial technology company that provides merchant-embedded shopping experience, has announced that it has raised $4.7 million in seed funding. Box Group, Twelve Below, Red Sea Ventures, Ground Up Ventures, Silas Capital Ventures, Hanaco Ventures, and Good Friends led this latest funding round.
Mythical Games, a Los Angeles, California-based next-generation gaming technology company that uses blockchain technology, has raised $150 million in a Series C financing round. This latest funding was by Andreessen Horowitz with participation from The Raine Group, D1 Capital, RedBird Capital, OneTeam Partners, The Kraft Group, Jonathan Kraft, crypto exchanges Binance, FTX, The Chainsmokers’ Mantis VC, Ryan Tedder, Curtis Polk, Michael Gordon, and Michael Jordan. Existing investors Javelin Partners, Alumni Ventures, Galaxy Interactive, WestCap, 01 Advisors, Struck Capital, and Signum Growth Investments also joined this latest founding event, which bring valuation to a whopping $1.25 billion and the total raised money to over $270 million, according to the latest data from startup profiler CrunchBase.
Cellenkos Inc., a Houston, Texas-based clinical-stage biotech company that focused on the development of transformative novel allogeneic Treg cell therapies, has secured $15 million in fresh capital from its SEries A funding round. BVCF Management Ltd. led this latest financing round. The newly-raised funds will be used to further its development on the innovative Treg cell therapy platform, which is reportedly used to treat autoimmune and inflammatory disorders.
San Francisco-based Fountain, an all-in-one applicant tracking system provider that helps companies find and hire the right people, has raised $85 million in a Series C funding round. SoftBank Vision Fund 2 along with B Capital Group and Mirae Asset Venture Investment led this latest company’s funding event. Existing investors Origin Ventures, DCM, Commerce Ventures, Uncork Capital, and SemperVirens Venture Capital also participated in the funding round.
Everlaw, an Oakland, California-based provider of a cloud-native investigation and litigation platform for corporations and government entities, has raised $202 million in a Series D funding round. Major financial backers include TPG, H.I.G. Growth along with existing investors Menlo Ventures, CapitalG, K9 Ventures, and Andreessen Horowitz. The newly-raised money will be used to help the company’s expansion programs and partnership drive.
Treasure Data, a Mountain View, California-based enterprise customer data company that provides a scalable and secured CDP, has announced to the public that it has secured over $234 million in fresh funding, courtesy of Tokyo-based SoftBank Corp. and Carbide Ventures. The additional funding will allow the company to improve services and accelerate global growth.
Botkeeper, a Boston, Massachusetts-based automated bookkeeping solution provider that uses a combination of skilled accountants and artificial intelligence technology, has received over $42 million in its Series C funding round. Grand Oaks Capital along with Paychex founder Tom Golisano led this latest company’s funding round. The Boston-based company plans to use the fresh funds to fuel its massive expansion programs and strategic partnership efforts.
Hyperreal Digital Inc., a New York City-based Metaverse entertainment media company that uses AI technology, has raised over $7 million in a Seed funding round. South Korean gaming company Pearl Abyss, and entertainment industry company ZASH Global Media led this latest funding round, with some participation from Mayflower Entertainment founder Ryan Schinman, Genius Sports Chairman David Levy, and 32 Ventures CEO Robert Wolf. The new capital will be used to accelerate the company’s investment in virtual production teams and technology.
The Indonesia-based B2B ecommerce marketplace Ula this week announced that it has raised over $87 million in fresh capital in its latest Series B funding round. Financial backers include Prosus Ventures, B-Capital, Tencent, AC Ventures, Citius, Jeff Bezos’s Bezos Expeditions, and Southeast Asian funds Northstar group. Existing investors Alter Group, Northstar Group, Lightspeed India, Sequoia Capital India, and Quona Capital also participated in this week’s funding round. The new funds will be used to invest in new products and help with the company’s massive expansion programs across the South East Asian region.
GeoWealth, a Chicago-based modern asset management program, has managed to raise over $19 million in new capital from its Series B funding round. Major backers include Kayne Partners Fund, and the growth private equity group of Kayne Anderson Capital Advisors, along with participation from existing strategic investor J.P. Morgan Asset Management.
Faraway, a Miami, Florida-based video game developer and publishing company that uses blockchain technology to create player-driven games, has raised $21 million in a Series A funding round. Lightspeed Venture Partners and FTX led this latest company’s funding round, with participation from Sequoia Capital, a16z, Solana, Pantera Capital, and Jump Capital. The gaming studio, which has already raised over $8 million this year in its seed funding rounds, plans to use the additional capital to fund the expansion effort.
Propelo, a Sunnyvale California-based AI-driven engineering excellence platform for companies to boost their software delivery, has secured $12 million in fresh funding from its Series A funding. This brings the total amount raised money (from the Seed and Series A rounds) to $16 million. The latest fundraising was led by Decibel Partners, with some participation from existing investors Eniac Ventures, Fathom Capital, and Fike Ventures.
Huckleberry, an Irvine California-based provider of an app that uses a combination of data science and AI technology to provide expert advice to families, has raised $12.5 million in a Series A funding round, led by Morningside Ventures with participation Tamarisc VC and Spero Ventures. VC. The fresh funding will allow the app maker to expand its workforce, hiring fresh talents across engineering, marketing, and product development.
Trufan, a Toronto, Canada-based data analytics company that builds products to improve brand engagement and helps brands grow, has received $2 million in Seed funding. This latest fundraising event was led by Moneta Ventures, popular creator Cody Ko, Shaw Communications CEO Brad Shaw, Magic Fund, Hootsuite founder Ryan Holmes, and Cameo co-founder Devon Townsend. The fresh funding will allow the Canadian startup to its fuel the expansion program.
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