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 (September 8-11, 2022):
ClearMotion, a Boston-based software-defined chassis company that develops a high-bandwidth active suspension technology used to improve ride comfort, raised $39 million in fresh funding. NIO Capital led this funding round with participation from BAI Capital, Franklin Templeton, NewView Capital, and Acadia Woods Partners.
B+J Studios, a Chicago-based builder provider developing blockchain-based solutions for mainstream consumer and institutional-grade use cases, raised $10 million in fresh funding. Financial backers included Brevan Howard Digital, Big Brain Holdings, Foundation Capital, Starting Line, Republic Capital, and Solana Labs.
Elise, a Germany-based provider of a connected engineering platform, raised $14.8 million in a Series A funding round. Spark Capital led this funding round, with participation from BMW i Ventures, Cherry Ventures, UVC Partners, and Venture Stars.
Tarci (formerly Leadgence), a Tel Aviv, Israel-based provider of a continuous intelligence engine used to turn big data into actionable insights, raised $17 million in a Series A funding round. Sound Ventures led this funding round, with participation from Liberty Mutual Strategic Ventures, and Global Founders Capital.
Lionize, a New York-based AI-driven micro-influencer platform that simplifies the influencer marketing process for companies, raised $3 million in Seed funding. Cultivation Capital led this funding round, with participation from ScOp Venture Capital.
Gravitee.io, a France-based provider of an open source API management platform, raised $30 million in fresh funding. Riverside Acceleration Capital (RAC) led this funding round with participation from Kreos Capital, AlbionVC, and Oxx.
MetaWeb Ventures, a New York City-based global venture capital firm that focused on pre-seed and seed investments in Web3 and crypto startups, announced its first fund, with total capital commitments of $30 million. LPs in the Fund include NEAR Foundation, Sequoia China, Dragonfly Capital, GSR Markets, Octopus Network, SevenX, Mentha Partners, as well as notable entrepreneurs such as NEAR’s co-founder Illia Polosukhin, Matrix China’s co-founder Bo Shao, Alchemy Pay’s founder Shawn Shi, Dodo’s co-founder Mark Wang, and more.
SessionGuardian, a New York City-based provider of identity access control and authentication platform, raised $3 million in seed funding. Phase 2 Investments led this funding round, with participation from Robin Hood Ventures and Ben Franklin Technology Partners.
Odyssey Energy Solutions, a Bolder, Colorado-based clean tech company, raised $5.34 million in fresh funding. Equal Ventures led this funding round with participation from Twelve Below, Abstract Ventures, Founder Collective, and MCJ Collective.
AnaCardio, a Swedish clinical-stage biopharmaceutical company developing novel drugs to treat heart failure, announced that it has completed a Series A funding round of approximately around $14.21 million. Flerie Invest led this financing round with Industrifonden as co-leader. 3B Health Ventures also participated in the funding round, along with existing investors Karolinska Development and Fredrik and Ann-Helene Ljungström.
True Food Kitchen, a Phoenix, Arizona-based restaurant brand that has pioneered wellness-driven dining, raised over $100 million in fresh funding. HumanCo and Manna Tree led this funding round, with participation from existing investor Centerbridge Partners.
Onego Bio, a Helsinki, Finland-based biotechnology company producing animal-free egg proteins with precision fermentation, announced that it has received a €4.5 million grant. The new funding was granted by Business Finland and it allows the Finnish startup to finance the project’s resourcing and speed up its implementation.
Chargezoom, an Irvine, California-based platform for billing and integrated payments, raised $10 million in a Series A funding round. Panoramic Ventures led this funding round with participation from existing investors SaaS Venture Capital and Stout Street Capital, as well as existing investor Okapi Venture Capital.
Bachan’s, a California-based authentic Japanese Barbecue Sauce brand, raised $13 million in a Series A funding round. Sonoma Brands Capital led this funding round with participation from existing investors Prelude Growth Partners and New Fare Partners. RVCA founder and president Pat Tenore, and American filmmaker Destin Daniel Cretton are also included in the funding round.
Community Labs, a New York City-based native software development company and venture studio, raised $30 million in fresh funding. Lightspeed Venture Partners led this funding round with participation from industry leaders Arweave, Bain Capital Crypto, Blockchain Capital, Distributed Global, and Road Capital Management, alongside others.
Kuria Therapeutics, a Little Rock, Arkansas-based pharmaceutical company developing novel therapeutics for ophthalmic and dermal disease, announced that it has closed its first fundraising round. The financial term of the deal was not disclosed to the public.
InsideTracker, a Cambridge, Massachusetts-based healthspan optimization platform provider, raised $15 million in a Series B funding round. PeakBridge led this funding round with participation from Cornucopian Capital, OurCrowd, BASF Venture Capital GmbH, and existing investors.
Arize AI, a Berkeley, California-based provider of machine learning observability platform, raised $38 million in a Series B funding round. TCV led this funding round with participation from existing investors Battery Ventures, Foundation Capital, and Swift Ventures.
Flair, a San Francisco-based developer of smart vents, thermostats, and advanced software for room-level temperature control, announced that it has closed a $7.6 million Series A funding round. Active Impact Investments and Lowercarbon Capital led this funding round, with participation from existing investors SOSV, Skyview, Peter Nagar, and Resilience Capital Partners. New investors Shell Ventures, Susquehanna Foundation, and 3M Ventures (the venture capital arm of 3M) have also joined the funding round.
Millie, a Berkeley, California-based new kind of maternity clinic, closed a $4 million seed funding. TMV Ventures & BBG Ventures led this funding round with participation from Venn Growth Partners, Looking Glass Capital, Learn Capital, and Hustle Fund. Other investors are Turner Novak, Michelle Kennedy of Peanut, and Tristan Walker of Walker & Company.
EnviroSpark, an Atlanta, Georgia-based electric vehicle (EV) charging company, announced that it has closed its Series A funding round. The financial term of the deal was not disclosed to the public. Ultra Capital led this funding round, which has joined EnviroSpark’s Board of Directors, with participation from Georgia Power.
Carrot General Insurance, a Seoul, South Korea-based digital insurance carrier with AI automated accident registration and prompt dispatch of help services, raised $250 million in the third funding round at a valuation of over $850 million. Affirma Capital led this funding round with participation from Hanwha Group, Stic Investments, and Altos.
Innervace, a New York City-based regenerative therapy company developing an implantable bio-fabricated neural pathway to directly replace lost connections due to brain injury, raised up to $40 million in a Series A financing round. Deerfield Management led this funding round with participation from founding investor IP Group, Inc., in addition to Penn Medicine, WARF Ventures, and BioAdvance.
Shipmates, a Taguig, Philippines-based provider of an ecommerce shipping platform that enables online business owners to book on-demand and standard orders using multiple couriers in the Philippines, raised $2.2 million in Seed funding. Y Combinator and Iterative led this funding round with participation from Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X, and Sketchnote Partners.
Trensition, a Belgium-based B2B AI-driven strategic intelligence company, raised €1.8 million in fresh funding. Ageas and Capricorn Partners led this funding round.
TigerEye, a San Francisco-based stealth-mode sales software platform, raised $35 million in fresh funding. This latest funding included a $30 million Series A round co-led by Initialized Capital and Next47, and a previously secured $5 million seed funding raised from SV Angel, Sterling Road, and Y Combinator.