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:
Sun Metalon, a Kawasaki, Japan-based company developing an ultra-fast metal 3D printer used to create metal products from local ores, raised $5.6 million in Pre-Series A funding, bringing the total raised funds to $7.7 million. Globis Capital Partners & Co. led this latest financing round, with participation from UTEC, D4V, and Berkeley SkyDeck Fund. The fresh capital will be used to fuel the global expansion program.
Banyan, a New York-based startup providing a network of item-level receipt data solutions for fintech, retailers, merchants, and banks, raised $43 million in Series A funding. This latest investment round, consisting of $28 million in equity and $15 million in venture debt, was led by Fin Capital and M13. FIS Impact Ventures, Bridge Bank (a division of Western Alliance Bank), Interplay, and TTV Capital also participated in the financial transaction. Other investors in Banyan’s investment round include More than Capital, Elizabeth Street Ventures, Motivate Venture Capital, Manifold, and Gaingels along with angel investors Jonathan Weiner, David Chubak, and Kush Saxena. The company plans to use the fresh capital to improve its technology and to fuel infrastructure growth.
Sensat, a London, UK-based digital infrastructure company that helps infrastructure owners and construction companies deliver on time and on budget by facilitating team collaborations, raised $20 million in Series B funding. National Grid Partners led this latest funding round, with participation from existing investors. The company plans to use the fresh capital to finance its expansion plans, focusing on infrastructure projects in the energy, rail, and telecommunications sectors.
LuckyTruck, a Cincinnati, Ohio-based modern insurance platform focusing on commercial trucking, announced that it has secured $2.4 million in Seed Extension. Candid Insurance Investors led this funding round, with participation from SiriusPoint, Parker Beauchamp of Markd, and Draper University Ventures. The newly-raised capital will be used to expand operations and its business reach.
Ottr, a San Francisco, California-based provider of a Web3 mobile app that holds crypto, announced that it has raised $3.1 million in Pre-Seed funding. Race Capital led this latest funding round, with participation from Circle Ventures, Slow Ventures, and Kamal Ravikant. The fresh funds will be used to fuel a global expansion program to over 100 countries.
Corsa Security, an Ottawa, Canada-based IT security company providing network security virtualization to large enterprises and service providers, raised $10 million in funding. Roadmap Capital led this latest company’s financing round. The newly-raised capital will be used to fuel product development and to improve its core product, Corsa Security Orchestrator.
imBee, a Hong Kong-based chat management platform company, raised $5 million in Series A funding, which was led by DCM. The startu[, which provides conversational engagement tools that help drive online businesses, intends to use the funds to improve its technology offerings and finance expansion effort in the Asia-Pacific region.
Velotix, a Tel Aviv, Israel-based provider of AI-driven data protection and access permission platform, announced that it has raised $10 million in Seed funding. Capri Ventures led this latest funding round. The fresh investment will be used to continue product development, scale operation, and expand business reach.
HMNC Brain Health, a Munich, Germany-based clinical-stage precision psychiatry biopharma company, announced that it has raised €14.3 million in funding. This latest investment activity, which brought the total funding raised to date to €42.3 million, was led by Carsten Maschmeyer, Jahr Group, and Guntard Gutmann. Additional investors include Dr. Josef Ackermann, Toni Kroos, Wilhelm Beier, and Hans Kompernaß. The newly-raised funds will be used to accelerate its precision psychiatry programs, and to fuel ongoing works on the Ketabon program, an oral prolonged-release formulation of ketamine targeting treatment-resistant depression.
SubjectWell, an Austin, Texas-based provider of audience engagement platforms for healthcare, announced that it has raised $35 million in Series B funding. Asset Management Ventures led this latest funding round, with participation from Bertelsmann Investments, Healthy Ventures, and Windham Venture Partners. Additional investors include Healthy Ventures, Windham Venture Partners, and Geekdom Fund. The company plans to use the newly-raised capital to fund and advance the development of its existing clinical trial patient recruitment efforts. The fresh funding will also be used to fund the production of its awareness initiatives for post-approval treatments and to support the cancer research program.
Tellius, a Reston, Virginia-based provider of AI-driven decision intelligence platform, announced that it has secured $16 million in Series B funding. The latest funding round, which brought total raised funds to $33 million to date, was led by Baird Capital, with participation from Veraz Investments, Sands Capital Ventures, and Grotech Ventures. The fresh investment will be used to improve product offerings, finance expansion programs, and support talent acquisition.