The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 9/30/23 featuring funding details for PortX, XL8, Lumu, and nine other deals representing $460M in new funding that you need to know about.
Blacklane – $33.9M
Mountain View-based Blacklane is a provider of chauffeur services that offer carbon-neutral vehicles for traveling. Founded by Frank Steuer and Jens Wohltorf in 2011, Blacklane has now raised a total of $138.6M in total equity funding and is backed by Sixt Rental Cars.
Doceree – $35.0M
Parsippany-based Doceree provides marketing solutions for pharmaceutical and healthcare brands to connect with healthcare professionals (HCPs). Founded by Daleep Manhas and Harshit Jain in 2019, Doceree has now raised a total of $47.0M in total equity funding and is backed by Creaegis, Eight Roads Ventures, and F-Prime Capital.
Evozyne – $81.0M
Chicago-based Evozyne is a generative AI company that focuses on therapeutic discovery and drug development. Founded by Andrew Ferguson, Jeff Aronin, and Rama Ranganathan in 2020, Evozyne has now raised a total of $144.4M in total equity funding and is backed by Fidelity Management and Research Company, NVentures, OrbiMed, Paragon Biosciences, and Valor Equity Partners.
Farther Finance – $31.0M
New York-based Farther Finance is a developer of an investment advisory platform used to provide modern technology with trusted advice. Founded by Brad Genser and Taylor Matthews in 2019, Farther Finance has now raised a total of $46.0M in total equity funding and is backed by Bessemer Venture Partners, Cota Capital, Khosla Ventures, Lightspeed Venture Partners, MassMutual Ventures, and Moneta VC.
Now you might be thinking: “what the heck are you talking about?” But keep reading, because this investment platform’s users are already smiling all the way to the bank. Thanks to Masterworks, the award-winning platform for investing in blue-chip art.
Every single one of Masterworks’ 15 sales has returned a profit to investors, for a 100% positive net return track record. With 3 recent sales, Masterworks investors realized net annualized returns of 17.6%, 21.5% and 35%.
How does it work? Simple, Masterworks does all of the heavy lifting like finding the painting, buying it, storing it, and eventually selling it. It files each offering with the SEC so that nearly anyone can invest in highly coveted artworks for just a fraction of the price of the entire piece.
Shares of every offering are limited, but AlleyWatch readers can skip the waitlist to join with this exclusive link.
See important disclosures at masterworks.com/cd
Kolena – $15.0M
San Francisco-based Kolena is a machine learning testing and debugging platform. Founded by Bruno Faviero, Gordon Hart, and Mohamed Elgendy in 2021, Kolena has now raised a total of $21.5M in total equity funding and is backed by 11.2 Capital, Bloomberg Beta, lobby capital, SignalFire, and Zero Prime Ventures.
Lumu – $24.0M
Doral-based Lumu is a cybersecurity company that helps enterprises identify and isolate cyber-compromise in real-time. Founded by Ricardo Villadiego in 2019, Lumu has now raised a total of $39.5M in total equity funding and is backed by BIP Ventures, Exceptional Capital, Forgepoint Capital, and Simma Capital.
PortX – $16.5M
Mercer Island-based PortX is a software company helping financial institutions. Founded by David Wexler in 2010, PortX has now raised a total of $34.0M in total equity funding and is backed by BankTech Ventures, Btech Consortium, Curql, EJF Capital, and FUSE.
Rollstack – $1.8M
New York-based Rollstack automatically creates and updates slide decks and documents. Founded by Nabil Jallouli, Saad Bahir, and Younes Jallouli in 2022, Rollstack has now raised a total of $1.9M in total equity funding and is backed by Goodwater Capital, Kima Ventures, Monte Carlo Capital, Notion Capital, Roosh Ventures, UpHonest Capital, and Y Combinator.
The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
SupraOracles – $24.0M
Miami-based SupraOracles develops a blockchain oracle toolset that allows automation across Web2 and Web3 through secure contract. Founded by Heslin Kim, Jon Jones, and Joshua Tobkin in 2018, SupraOracles has now raised a total of $47.9M in total equity funding and is backed by Animoca Brands, BCW Group, Coinbase Ventures, FiveT Fintech (formerly Avaloq Ventures), Galaxy Interactive, Hashed, Hashkey, Huobi Ventures, NoLimit Holdings, Prosus Ventures, Razer, Republic Crypto, Shima Capital, Signum Capital, SMO Capital, Sound Ventures, Sublime Ventures, United Overseas Bank, and Valor Equity Partners.
AlphaSense – $150.0M
New York-based AlphaSense is a intelligence platform that uses artificial intelligence allowing professionals to make critical decisions. Founded by Jack Kokko in 2008, AlphaSense has now raised a total of $740.0M in total equity funding and is backed by Bond, CapitalG, Goldman Sachs Asset Management, and Viking Global Investors.
Midi Health – $25.0M
Menlo Park-based Midi is a virtual care clinic for women that treats depression, gynecological cancer, and period problems. Founded by Jill Herzig, Joanna Strober, Kathleen Jordan, and Sharon Meers in 2021, Midi Health has now raised a total of $39.0M in total equity funding and is backed by 25madison, Felicis, Google Ventures, ICon, Operator Collective, and SemperVirens Venture Capital.
Mundi – $15.0M
New York-based Mundi provides financial, trade development, strategy, freight and reinventing international trade services. Founded by Juan Carlos Christensen, Martin Pustilnick, Paulina Aguilar Vela, and Sebastian Kontarovsky in 2020, Mundi has now raised a total of $38.8M in total equity funding and is backed by Asymmetric Capital Partners, Base10 Partners, Colibri Ventures, Gaingels, GMO VenturePartners, Haymaker Ventures, Mana Ventures, SquareOne Capital, Union Square Ventures, and Upper90.
You are seconds away from signing up for the hottest list in NYC Tech!
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.alleywatch.com/2023/10/the-weekly-notable-startup-funding-report-10-2-23/
