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 11/11/23 featuring funding details for Replit, Spill, Jana Care, and fifteen other deals representing $384M in new funding that you need to know about.
Coperniq – $4.0M
San Francisco-based Coperniq helps solar and energy contractors grow by connecting people, data, and systems. Founded by Abdullah Al-Zandani and Max Kazakov in 2019, Coperniq has now raised a total of $4.5M in total equity funding and is backed by Initialized Capital and Y Combinator.
Elucid – $80.0M
Boston-based Elucid enables precision medicine for cardiovascular disease by applying A.I to medical image analysis validated against true biology. Founded by Andrew J. Buckler in 2013, Elucid has now raised a total of $122.0M in total equity funding and is backed by Elevage Medical Technologies.
Fillogic – $13.0M
New York-based Fillogic is a New York-based technology company that provides retail and logistics services. Founded by Rob Caucci and William Thayer in 2018, Fillogic has now raised a total of $15.6M in total equity funding and is backed by Closed Loop Partners, Green Egg Ventures, GroundBreak Ventures, Revelry Venture Partners, Venture 53, and XRC Ventures.
Fractory – $4.8M
Chicago-based Fractory provides a one-stop shop for on-demand manufacturing services. Founded by Joosep Merelaht, Martin Vares, and Rein Torm in 2017, Fractory has now raised a total of $15.7M in total equity funding and is backed by Kvanted ventures, OTB Ventures, Superhero Capital, Trind Ventures, United Angels, Verve Ventures, and Wise Guys Cyber.
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Jana Care – $6.0M
Boston-based Jana Care develops and manufactures a novel-connected blood diagnostic device. Founded by Michal Depa, Sidhant Jena, and Tarun Khanna in 2011, Jana Care has now raised a total of $18.7M in total equity funding and is backed by Agent Capital, First Avenue Ventures, IAG Capital Partners, Minocherhomjee Family Trust, MK Energy, Patamar Capital, and TEAMFund.
Princeton NuEnergy – $16.0M
Bordentown-based Princeton NuEnergy is a clean-tech startup focused on direct recycling technology for lithium-ion batteries. Founded by Bruce Koel, Chao Yan, Xiaofang Yang, and Yiguang Ju in 2019, Princeton NuEnergy has now raised a total of $23.9M in total equity funding and is backed by Greenland Technologies Holding, GS Futures, Honda Motor, Shell Ventures, Traxys S.A., Wistron Corporation, and WorldQuant Ventures LLC.
Replit – $20.0M
San Francisco-based Replit is a browser-based integrated development environment for cross-platform collaborative coding. Founded by Amjad Masad and Haya Odeh in 2016, Replit has now raised a total of $222.0M in total equity funding and is backed by Craft Ventures.
Sequretek – $8.0M
Woodbridge-based Sequretek is a cybersecurity firm that provides security in threat monitoring, incident response, identity, and access governance. Founded by Anand Naik and Pankit Desai in 2013, Sequretek has now raised a total of $9.0M in total equity funding and is backed by Alteria Capital, Narotam Sekhsaria Family Office, and Omidyar Network India.
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Spill – $2.0M
Los Angeles-based Spill is a social-media application that enables users real time conversations, host in-app chat events virtually and IRL. Founded by Alphonzo Phonz Terrell in 2022, Spill has now raised a total of $4.8M in total equity funding and is backed by Collide Capital.
Ridepanda – $7.5M
San Francisco-based Ridepanda is an online e-ride shop that offers electric vehicles with maintenance support and theft protection. Founded by Charlie Depman and Chinmay Malaviya in 2020, Ridepanda has now raised a total of $11.3M in total equity funding and is backed by Blackhorn Ventures, General Catalyst, Oyster Ventures, Porsche Ventures, Proeza Ventures, Somersault Ventures, and Yamaha Motor Ventures.
Tidal Cyber – $5.0M
Washington-based Tidal Cyber helps enterprise organizations to define, measure, and improve their defenses. Founded by Frank Duff and Rick Gordon in 2022, Tidal Cyber has now raised a total of $9.0M in total equity funding and is backed by Squadra Ventures.
Vida Health – $28.5M
San Francisco-based Vida Health is a virtual care platform that provides health coaching from experienced health care providers and medical institutions. Founded by Connie Chen, Jono Chang, Ozan Onay, and Stephanie Tilenius in 2014, Vida Health has now raised a total of $216.5M in total equity funding and is backed by Ally Bridge Group, Canvas Ventures, General Atlantic, and Hercules Capital.
Default – $6.6M
San Francisco-based Default is an all-in-one inbound lead qualification, scheduling, & routing platform. Founded by Nico Ferreyra and Victor Papyshev in 2021, Default has now raised a total of $7.3M in total equity funding and is backed by 8VC, Adapt Ventures, BoxGroup, Caffeinated Capital, Craft Ventures, GTMfund, Jack Altman, Kearny Jackson, and Scribble Ventures.
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Eleos Health – $40.0M
Cambridge-based Eleos Health is a mental health startup focused on using voice analysis and NLP to improve treatment outcomes and workflow efficiency. Founded by Alon Joffe, Alon Rabinovich, Dror Zaide, and Shiri Sadeh-Sharvit in 2019, Eleos Health has now raised a total of $68.0M in total equity funding and is backed by aMoon Fund, Arkin Digital Health, Eight Roads Ventures, F-Prime Capital, ION, lool ventures, Menlo Ventures, and Samsung NEXT.
Forward Therapeutics – $50.0M
Palm Beach Gardens-based Forward Therapeutics is a biopharma comapny targeting treatment of chronic inflammatory disorders. Founded by Ewan Taylor and Toufike Kanouni in 2022, Forward Therapeutics has now raised a total of $50.0M in total equity funding and is backed by BVF Partners, OrbiMed, and RA Capital Management.
Arch – $20.0M
New York-based Arch digitally manages private investment operations for investors and investment advisors. Founded by Jason Trigg, Joel Stein, and Ryan Eisenman in 2018, Arch has now raised a total of $25.5M in total equity funding and is backed by Carta, Citi Ventures, Craft Ventures, Focus Financial Partners, Gary Cohn, GPS Investment Partners, Marc Spilker, Menlo Ventures, Quiet Capital, and Scott Prince.
Needed – $14.0M
Los Angeles-based Needed is a pregnancy nutrition and education company that provides perinatal nutrition system supplements for women. Founded by Julie Sawaya and Ryan Woodbury in 2017, Needed has now raised a total of $24.2M in total equity funding and is backed by Crescent Ridge Partners Ventures, Seae Ventures, and The Craftory.
Niron Magnetics – $33.0M
Minneapolis-based Niron develops innovative advanced magnetic materials for high performance and low-cost permanent magnets. Founded by Jian-Ping Wang in 2014, Niron Magnetics has now raised a total of $67.1M in total equity funding and is backed by General Motors Ventures, Shakopee Mdewakanton Sioux Community, Stellantis Ventures, and University of Minnesota.
The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment.
The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market.
With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns.
Intrigued? Alleywatch readers can skip the waitlist with this referral link.
Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd
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- Source: https://www.alleywatch.com/2023/11/the-weekly-notable-startup-funding-report-11-13-23/
