The Funding Warrior is a weekly news feature that runs down this week’s leading funding stories. Here’s a list of top startup funding stories:
Rightcharge, a London, UK-based electric car energy tariff comparison site, raised £700,000 in seed funding. Rightcharge’s backers included Link Venture Capital, James Hind (founder of carwow), Julia Stent (former Commercial Director at uSwitch), Mike Allen (Zeus Capital / early investor in carwow), and Stuart Dyble (co-founder of Influence emobility) The newly-raised capital will allow the UK-based startup to fuel expansion program, expanding its business reach.
AAG Ventures, a Singapore-based fast-growing Play-to-Earn (P2E) guild, and P2E / Learn-to-Earn (L2E) platform raised over $12.5 million in fresh funding. Shima Capital, Tribe Capital, and Tess Ventures led this funding round, with participation from HashKey Capital, Everest Ventures Group, Genblock Capital, Republic Realm, Slayton Capital, Synergis, Portico Ventures, Sanctor Capital, , GDP Venture, Capital, Kosmos Capital, Muses Builder, YellowBlocks, Oyster Ventures, ViaBTC Capital, and Fomocraft Ventures. The funding also includes backers from the gaming community: Vulcan Forged, Sipher, Cukies.world, Immortal Game, and Community Gaming.
Moonpay, a Palm Beach, Florida.-based crypto payments infrastructure provider, raised $555 million in a Series A funding round. This latest funding round, which brought the post-money valuation to a whopping $3.4 billion, was led by equity investment giants Tiger Global Management and Coatue with participation from NEA, Paradigm, Blossom Capital, and Thrive Capital.
TeraWulf Inc., an Easton, Maryland-based BTC mining company that maximizes the energy-to-crypto value chain through power supply optimization, raised approximately $200 million in debt and equity financing. The company’s financial backers included a group of leading institutional and individual investors.
Stride Funding, a Boston, Massachusetts-based education funding startup that supports students and seeks to improve economic outcomes across alternative and higher education, raised $12 million in a Series A funding round. Firework Ventures led this latest round, with participation from Juvo Ventures and Graham Holdings. Existing investors GSV Ventures, Slow Ventures, and Sinai Ventures also participated in the funding round.
XY Finance, a Taiwan-based cryptocurrency startup that allows investors to transfer cross-chain crypto assets cost-effectively, raised $12 million in a funding round. Circle Internet Financial, LLC, Infinity Ventures Crypto, Morningstar Ventures, TRON Foundation, Mechanism Capital, Yield Guild Games Ventures, Morningstar Ventures, Block Capital, and Animoca Brands.
Mindstone, a London, UK-based edtech platform that allows experts to create engaging courses using pre-existing online articles, raised £1.45 million through a crowdfunding campaign on Seedrs. Funding came from Techstars managing director Eamonn Carey, Moonfire Ventures founder Mattias Ljungman, impact investment fund Mustard Seed Maze, US VC Scout Fund, Zanichelli Venture, and Andrew Gault, founding partner of 7percent Ventures.
DMC Biotechnologies, a US-based biobased chemical company that makes products using microbial fermentation, raised $34 million in its Series B funding round. Financial backers included Breakthrough Energy Ventures, Cibus Enterprise, Boulder Ventures, Capricorn Partners, SCG, Solvay Ventures, Sofinnova Partners, and Michelin.
100 Thieves, a Los Angeles, California-based gaming organization and lifestyle brand, raised over $60 million in a Series C funding round, which raised the valuation of the gaming organization to $460 million. Green Bay Ventures led this funding round, with participation from existing and new investors including Artist Capital Management, Tao Capital, Aglae Ventures, Breyer Capital, and Willoughby Capital.
Hart Dairy, a Waynesboro, Georgia-based premium dairy producer that offers pasture-raised and grass-fed milk products, closed $20 million in fresh funding. This latest funding round also included a $13 million lead investment by KAL Investment Group.
Cudo, an Arlington, Texas-based gaming studio working on family-focused IP spanning animation and Web3 games, raised over $250K in Pre-Seed funding. Currently, the company is working on its first animated series, the Duncan’s Flying Tugboat. Financial backers were not disclosed to the media.
Hygieia, a Livonia, Michigan-based digital health company that provides an insulin therapy and maker of the d-Nav® Insulin Management Program, raised over $17 million in Series B funding. Firstime Ventures led this funding round, with participation from existing investors.
Karamba Security, a Hod Hasharon, Israel-based automotive and IoT security company that provides cybersecurity solutions that secure the device’s entire lifecycle without the interference of R&D or supply chain processes, raised $10 million in funding round. This brings the total funding raised to date to $27 million. VinFast led this funding, with participation from SVIC and existing investors: Paladin Group, Presidio Ventures, YL Ventures, Liberty Mutual, Fontinalis Partners, Glenrock, Paladin Group, and Asgent.
Victor, a Fairmont, West Virginia-based company that provides banking technologies solutions that simplifies Bank-Fintech partnerships, raised over $6 million in Seed funding. The round was led by MVB Edge Ventures.
The Demex Group, a Washington, DC-based company that provides businesses with a tech platform, raised $9 million in a Series A funding round. Anthemis Group, Blue Bear Capital, and QBE Ventures led this latest funding round, with some participation from IA Capital Group.
Procurated, a Washington, DC-based provider of supplier ratings and review platform for the public sector, raised $10 million in Series A financing round. The Series A funding round, which brought total funding to $15 million, was led by Greycroft, with some participation from Limerick Hill, TDF Ventures, and Tribeca Venture Partners.
Rimsys, a Pittsburgh, Pennsylvania-based company that provides a cloud-based Regulatory Information Management (RIM) software platform for the MedTech industry, closed a $16 million in Series A funding round. Bessemer Venture Partners led this funding round, with participation from existing investors Innovation Works, Allos Ventures, and Private Opportunities.
Hxro Network, a Chicago, Illinois-based liquidity, and margin primitive for risk-based applications built on the Solana blockchain, raised $34 million in strategic funding round. SIG DT Investments, Blockchain Capital, and Jump Crypto led this funding, with participation from Alameda Research, Solana Ventures, Chicago Trading Company, Commonwealth Asset Management, Coinbase Ventures, LedgerPrime, Pattern Research, CoinFund, Magnus Capital, Genesis, and Mantis.
Integra Therapeutics, a Barcelona, Spain-based biotechnology company that is creating next-generation gene writing tools, raised over €4.5 million in the first round of funding. Backers included Invivo Capital, Advent France Biotechnology, and Takeda Ventures.
CareAlign, a Philadelphia, Pennsylvania-based company that provides HIPAA compliant task management systems for health care providers, raised over $2.3 million in financing round. New investors Hofmann Associates (lead), Gaingels, and Harvard Angels led this funding round, with participation from existing investors Tech Council Ventures, Front Row Round, DreamIt, and Boston Millennia Partners’ Founders Fund. The round also included two unnamed healthcare provider organizations.
Scuter, a Rome, Italy-based hardware-based tech startup that offers an AI-driven cloud platform and a smartphone app that helps users find their closest vehicle and part it with an interactive map, raised over €3 million in seed funding. The round included investment from LVenture Group and other Business Angels in co-matching with CDP Venture Capital, a zero-interest debt financing plus a grant by the government’s agency INVITALIA, and a medium-term debt financing from Intesa Sanpaolo Bank.
Sotio Biotech, a Prague, Czech Republic-based clinical-stage immuno-oncology company, raised over €280 million in fresh funding. PPF Group led this financing round. The additional capital will allow the company to support its clinical programs.
Shiftsmart, a New York City-based labor management platform that connects the hourly workforce with companies facing complex staffing requirements, raised over $95 million in Series B financing round. The round was led by D1 Capital, with participation from Spieker Partners, Imaginary Ventures, and S12F, alongside several industry executives and institutions.
Carla, a Swedish-based electric vehicle e-commerce platform, raised €10 million in fresh funding. VNV Global led this funding round, with participation from Max Ventures, Luminar Ventures, Inbox Capital, Voi Technologies’ co-founder Fredrik Hjelm, and the founders of Swedish fintech company Anyfin.
Frontegg, a Tel Aviv, Israel-based company that provides a user management platform for modern applications that can be integrated into any product with a few lines of code, raised over $25 million in Series A funding. The round was led by Insight Partners, with participation from existing seed investors Global Founders Capital and Pitango First.
Stratio, a London UK-based predictive fleet maintenance platform that combines large-scale processing with machine learning techniques, raised $12 million in Series A funding. Forestay Capital led this funding round, with participation from Crane Venture Partners.
Voyager Portal, a Houston Texas-based company that provides a SaaS platform enabling companies to reduce cost, and complexity across their marine supply chain, raised $8.4 million in a Series A funding round. Phaze Ventures led this funding round, with participation from Flexport, ScOp Venture Capital, and Waybury Capital.
TextUs, a Denver Colorado-based enterprise texting solution provider, raised over $22 million in a Series C funding round. Eastside Partners led this funding round, with participation from Access Venture Partners.
World Makers (formerly Automaton Games), a Cambridge, UK-based independent gaming studio that focuses on developing multiplayer games, raised $3 million in seed funding. Makers Fund led this funding round. The company plans to use the fresh funding to support product development, as well as pursue additional new projects.