Category Archives: Funding News

The Funding Warrior: The Latest Startup and Funding Stories

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 (Jan 6-8, 2022):

Jan 8
Labelbox, a San Francisco, California-based company that provides a training data platform for machine learning applications, raised $110 million in Series D funding round. This latest funding round was led by SoftBank’s Vision Fund 2 with participation from Snowpoint Ventures and Databricks Ventures. Previous investors Andreessen Horowitz, B Capital Group, and Catherine Wood (CEO and founder of ARK Invest) also joined the funding round.

Jan 7
Zuddl, a US and India-based virtual and hybrid events platform that helps enterprises design immersive experiences, raised $13.35 million in Series A funding round. Alpha Wave Incubation (AWI) led this funding with participation from existing investors GrowX and Waveform Ventures. Zuddl’s customers include big tech companies such as Microsoft and Google.

Jan 7
OpenSea, the popular NFT marketplace that allows creators and developers to sell their NFT collections, raised $300 million in Series C Funding, bringing a post money valuation to a whopping$13.3 billion. Paradigm and Coatue led this funding round with participation from new and existing investors.

Jan 7
HawkEye 360, a Herndon, Virginia-based commercial provider of space-based radio frequency (RF) data and analytics, raised $5 million investment from Leidos. This latest investment brings the total value of Series D funding to $150 million. PJT Partners along with existing investors led this latest funding round.

Jan 7
Pendulum, a US-based provider of AI/Machine Learning-powered technology platform for companies and government organizations, raised $5.9 million in seed funding. Madrona Venture Group led this latest investment round with participation from Cercano Management and others.

Jan 7
Avataar, a Bangalore, India-based company that provides an AI and Computer Vision platform that powers large global eCommerce marketplaces and D2C brands, raised $45 million in Series B funding round. Tiger Global led this funding with participation from existing investor Sequoia Capital India.

Jan 7
AN2 Therapeutics, a Menlo Park, California-based a clinical-stage biopharmaceutical company that focuses on developing novel therapies to treat serious infectious diseases, completed an $80 million Series B redeemable convertible preferred stock financing, which led by RA Capital Management. BVF Partners L.P., Surveyor Capital, Avidity Partners, Monashee Investment Management, and Hatteras Venture Partners also joined this financing round.

Jan 7
Remilk, a Tel Aviv, Israel-based global player in the development of animal-free dairy food products, received $120 million fresh funding in Series B funding round. US-based Hanaco Ventures led this funding round with participation from Precision Capital, Rage Capital, CPT Capital, Intercap, OurCrowd, Aliya Capital, and Chartered Group. Tal Ventures, Indorama Ventures, Fresh Fund, Idan and Gil Ofer, Izaki Ventures, and Paradigm Shift Fund also joined the funding round.

Jan 6
VeriSIM Life, a San Francisco, California-based company that developed a computational platform that leverages advanced AI and ML techniques to improve drug discovery and development, completed its $15 million Series A funding round. Morpheus Ventures led this funding round with participation from Debiopharm Innovation Fund and Colorcon Ventures, and existing investors Intel Capital, OCA Ventures, Serra Ventures and Susa Ventures.

Jan 6
Symbridge Holdings LLC, a Greenwich, Connecticut.-based company that provides trading solutions and a wide range of digital assets to investors and traders, received $9 million strategic funding. New investor Traxys North America LLC, (a physical commodity trader and merchant in the industrial sector) led this funding round.

Jan 6
Angel Studios, a Provo, Utah-based community-driven movie studio that powers crowdfunded shows, raised $47 million in fresh funding. Gigafund and Uncorrelated Ventures led this funding round, with participation from Alta Ventures and Kickstart Fund.

Jan 6
PayFit, a France-based provider of next-gen payroll and HR management solution for small businesses, raised €254 million in Series E funding. General Atlantic led this funding round with participation from existing investors Accel Ventures, Eurazeo, and Bpifrance.

Jan 6
Lineage Logistics, LLC, a Novi, Michigan-based company that provides temperature-controlled industrial REIT and logistics solutions, completed over $1.7 billion in equity funding. Backers included BentallGreenOak, CenterSquare Investment Management, Cohen & Steers, D1 Capital Partners, Healthcare of Ontario Pension Plan (HOOPP), and NYSTRS. QuadReal Property Group, OP Trust, Rabobank, Oxford Properties, and StepStone also joined the funding round.

Jan 6
ReadyWorks, a New York City-based company that provides a digital platform conductor (DPC), secured a $8 million Series A financing. The funding round was led by Credit Suisse Asset Management’s NEXT Investors. ReadyWorks’ technology solutions, which leverages AI and intelligent automation, helps companies address the risk and cost of IT infrastructure transformation.

Jan 6
Sunrate, a Shangai, China-based fintech company that provides global payment and treasury solutions for business clients, completed its Series C financing round of undisclosed amount. SoftBank Ventures Asia led this latest round of investment, with participation from new investors Banyan Pacific Capital (BPC), and TDF Impact Investment. Previous investors China Growth Capital, Redpoint China, JAFCO Asia, and K2VC also joined the funding round.

Jan 6
iProov, a market-leading provider of online facial biometric authentication solutions that used by companies and government agencies, raised $70 million in growth funding. Sumeru Equity Partners led this latest funding. As part of the investment deal, Kyle Ryland, Managing Partner of Sumeru, will be joining the iProov board. iProov, a world leader in online facial biometric authentication, operates and maintains offices in London, Maryland and Singapore.




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The Funding Warrior: The Latest Startup And Funding Stories

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 (December 9-12) :


USA December 11

Starchive, a Charlottesville, Virginia-based company that provides a digital-asset-management platform for creators, raised $4 million in seed financing. The funding round, which brought the total amount raised to date to $5.7 million, was led by The Felton Group, LLC, the family office of the hedge fund manager, Jaffray Woodriff, who founded Quantitative Investment Management (QIM). Investors also include Lexa Pope, who worked with Google and led the team behind Google AdWords.


USA December 11

Wonder Dynamics, a Los Angeles, California-based startup that develops and provides an AI-powered cloud-based content creation platform, raises $9 million in Series A funding. The round, which brought total funding raised to date to $11.5 million, was led by Horizons Ventures, with participation from Epic Games and Samsung Next. Existing investors Founders Fund and MaC Venture Capital also joined the funding round.


Hong Kong December 11

Finblox, a Hong Kong-based global crypto investment platform that allows users to earn a yield on their idle crypto holdings such as Bitcoin and USDC stablecoin, raised a seven-digit funding round of an undisclosed amount. Finblox’s investors included Sequoia Capital India, MSA Capital, Venturra Discovery, Coinfund, Saison Capital, Ratio Ventures, and First Check Ventures. The funding round also included 13 other investors and notable angels like Ron Hose (Founder of Coins.ph), Xinshu Dong (Co-Founder of Zilliqa), Quentin Vanoekel (Co-Founder of Helicap), James Simpson (Founder and CEO of mStable), Eddie Thai (early investor in Axie Infinity and Partner at Ascend Vietnam Ventures), and Binh Tran (Co-founder of Klout and Partner at Ascend Vietnam Ventures).


USA December 11

Robotic Research, a Clarksburg, Maryland-based market-leading provider of autonomous mobility and robotics solutions, raised $228 million in a Series A funding round. Investors included Luminar Technologies, Inc., SoftBank Vision Fund 2, Henry Crown and Company, Enlightenment Capital, and Crescent Cove Advisors.


USA December 11

Rainmaker Games, an Austin, Texas-based global platform that provides a home for the Play-to-Earn (P2E) blockchain gaming ecosystem, raised 6.5 million in seed funding. Investors included Skyvision Capital, CoinFund, Alameda Research, Polygon Studios, Animoca Brands, Merit Circle, and Republic Realm.



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USA December 10

Logical Buildings, a New York City-based company that provides sustainability, smart building and virtual power plant software and grid-interactive efficient building solutions for the built world, secured a $10 million funding round. Keyframe Capital led this funding round.


USA December 10

NextVivo, a Palo Alto, California-based biotech company that develops an immune organoid technology platform, emerged from stealth with $7.9 million in financing. Khosla Ventures led this funding round, with participation from Alexandria Venture Investments, Wilson Sonsini, and individual investors.


USA December 10

Posh Technologies, a Boston, Massachusetts-based provides an AI platform that enables financial institutions to offer conversational banking experiences to their customers, raised $27.5 million in Series A funding. Canapi Ventures led this funding round, with participation from new investors Curql Collective, Piedmont Capital, Human Capital, CMFG Ventures, and JAM FINTOP.


Canada December 10

Kudos, a Calgary, Canada-based employee engagement platform, secured a $10 million minority equity investment from the Canadian Business Growth Fund (CBGF). This brings the total funding raised to $15.8 million, according to Betakit.


USA December 10

Resolve, a San Francisco, California-based fintech company that provides B2B companies with solutions, raised an additional $25 million in strategic equity funding. New York-based global venture capital firm Insight Partners led this funding, with participation from existing investors KSD Capital, Initialized Capital, Clocktower Ventures, Haystack VC, and Commerce Ventures.


USA December 10

Expedera Inc., a Santa Clara, California-based provider of scalable neural engine semiconductor IP that enables major performance in AI-inference applications, raised $18 million in a Series A funding round. The Series A funding round, which brought the total capital raised to over $27 million, was led by Dr. Sehat Sutardja and Weili Dai (founders of Marvell Technology Group) and other semiconductor industry investors.


New Zealand December 9

Auror, an Auckland, New Zealand-based crime intelligence software startup, raised NZ$30 million (A$28.5 million). Movac, New Zealand’s largest VC firm, led this funding round, with support from Silicon Valley-based Shasta Ventures, GD1, and Sydney-based Folklore Ventures, according to Startup Daily.


USA December 9

Luz, a Salt Lake City, Utah-based company that provides competitor intelligence solutions to companies to help them track key metrics from potential clients and market competitors, has completed a $5 million Seed round. The round was led by Utah-based Album VC, Peterson Partners, and strategic Angels. The strategic Angels include Vivien Bohme (CEO of Bohme), Davis Smith (CEO of Cotopaxi), and other prominent e-commerce entrepreneurs.




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CloudBees Raises $245M to accelerate product innovation and support global expansion

CloudBees, maker of the world’s first end-to-end automated software delivery system, said Friday that it landed a $150 million Series F financing round at a pre-money valuation of $1 billion and completed a $95 million debt facility.

CloudBees plans to use the new capital to support and accelerate product innovation, grow its workforce, finance its expansion program in the Asia Pacific market, and broaden its global partnerships.

According to VentureBeat, the funding round was led by client vehicles advised by Goldman Sachs Asset Management, with participation from Morgan Stanley, Bridgepoint Capital, Golub Capital, HSBC, and Delta-v Capital.

Founded in 2010 and based in San Jose, California, CloudBees provides a market-leading software delivery platform for enterprises, enabling companies to continuously innovate and compete in the digital world. The company’s software delivery platform is used by big-name businesses and government agencies such as Allianz, AirBnb, Bosch, Autodesk, Broadridge, Capital One, Fidelity Investments, HSBC, Salesforce, Social Security Administration, The Hartford, the United States Air Force (USAF), and the United States Citizenship and Immigration Services.

CloudBees operates and maintains offices in North Carolina, Deleware, Belgium, Spain, and Switzerland. The company’s software delivery platform originally included a Platform as a Service offering, which let developers use Jenkins in the cloud, along with an on-premise version of Jenkins with additional functions for enterprise companies. In 2020, the company introduced a new service, the Software Delivery Management platform.

CloudBees has made some acquisitions in the past years. These include CodeShip, Electric Cloud, Rollout, and Neuralprints. The company has been named to G2’s Top 100 Software Products for 2021, G2’s Top 50 Enterprise Software Products for 2020 and 2021, and earned G2’s Enterprise Leader designation for continuous integration for 10 consecutive quarters. It also claimed the top position in feature management in Fall 2021

The Funding Warrior: The Latest Startup and Funding Stories

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.