The Weekly Notable Startup Funding Report: 3/27/23

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 3/25/23 featuring funding details for Butlr, Illumix, Skupos, and nineteen other deals representing $840M in new funding that you need to know about.

Good Eggs – $7.0M

San Francisco-based Good Eggs is an online grocer and meal kit delivery service with a mission to reinvent the food system, for good. Founded by Alon Salant, Georgina Bale, and Rob Spiro in 2011, Good Eggs has now raised a total of $201.5M in total equity funding and is backed by Glade Brook Capital Partners.

Hex Technologies – $28.0M

San Francisco-based Hex Technologies is a software platform for collaborative data science and analytics. Founded by Barry McCardel, Caitlin Colgrove, and Glen Takahashi in 2019, Hex Technologies has now raised a total of $101.5M in total equity funding and is backed by Amplify Partners, Andreessen Horowitz, Sequoia Capital, and Snowflake.

Adeptia – $65.0M

Chicago-based Adeptia is an enterprise software company providing integration technology that automates business processes and data flows. Founded by Deepak Singh in 2000, Adeptia has now raised a total of $70.9M in total equity funding and is backed by Providence Strategic Growth (PSG).

Amogy – $139.2M

Brooklyn-based Amogy offers an innovative clean energy system using ammonia as a renewable fuel. Founded by Hyunho Kim, Jongwon Choi, Seonghoon Woo, and Young Suk Jo in 2020, Amogy has now raised a total of $208.3M in total equity funding and is backed by AP Ventures, Aramco Ventures, DCVC, Korea Zinc, MOL PLUS, SK Innovation, Temasek Holdings, Yanmar Ventures, and Zeon Ventures.

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Britive – $20.5M

Glendale-based Britive delivers complete privileged access protection for the cloud. Founded by Alex Gudanis and Artyom Poghosyan in 2018, Britive has now raised a total of $35.9M in total equity funding and is backed by Crosslink Capital, Liberty Global Ventures, One Way Ventures, and Pelion Venture Partners.

Butlr – $5.0M

Burlingame-based Butlr is an AIoT and real-time behavior analytics platform helping companies create a better workplace and optimize their operations. Founded by Honghao Deng and Jiani Zeng in 2019, Butlr has now raised a total of $33.0M in total equity funding and is backed by Qualcomm Ventures.

Clerk – $15.0M

San Francisco-based Clerk develops a software application to provide a sign-up and sign-in page for any website and profile management. Founded by Braden Sidoti and Colin Sidoti in 2020, Clerk has now raised a total of $40.4M in total equity funding and is backed by Andreessen Horowitz, Dave Winer, Fathom Capital, Guillermo Rauch, Madrona, Mango Capital, and S28 Capital.

GT Medical Technologies – $45.0M

Tempe-based GT Medical Technologies provides surgically targeted radiation therapy to individuals with operable brain tumors. Founded by David Brachman, Emad Youssef, Heyoung McBride, Peter Nakaji, and Theresa Thomas in 2017, GT Medical Technologies has now raised a total of $74.0M in total equity funding and is backed by BlueStone Venture Partners, Gilde Healthcare, MedTech Venture Partners, and MVM Life Science Partners.

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Gravie – $179.0M

Minneapolis-based Gravie is an insurance company that provides brokerage and insurance coverage services. Founded by Abir Sen and Marek Ciolko in 2013, Gravie has now raised a total of $342.6M in total equity funding and is backed by AXA Venture Partners, FirstMark, and General Atlantic.

Illumix – $18.0M

Redwood City-based Illumix develops augmented reality games. Founded by Alex Fu, Kirin Sinha, and Marianne Dang in 2017, Illumix has now raised a total of $26.6M in total equity funding and is backed by Henry Kravis, LightShed Ventures, Mark Cuban, Matthew Ball, OpenView, RW3 Ventures, Sony Innovation Fund, Visible Ventures, and Xavier Niel.

LeanLaw – $4.0M

Boise-based LeanLaw offers legal billing software programs for accounting, timekeeping, invoicing, and more for various sized law firms. Founded by Fred Willerup, GARY ALLEN, and Jonathon Fishman in 2015, LeanLaw has now raised a total of $6.1M in total equity funding and is backed by FINTOP Capital.

Luma AI – $20.0M

Palo Alto-based Luma AI is to enables everyone to capture and experience the world in 3D. Founded by Alberto Taiuti, Alex Yu, and Amit Jain in 2021, Luma AI has now raised a total of $28.1M in total equity funding and is backed by Amplify Partners, Andreas Klinger, General Catalyst, Matrix Partners, NVIDIA, and South Park Commons.

Placemakr – $65.0M

Washington-based Placemakr is a tech-enabled hospitality platform and operator that offers furnished properties for rent. Founded by Bao Vuong and Jason Fudin in 2017, Placemakr has now raised a total of $192.1M in total equity funding and is backed by Bernstein Management Corporation, Camber Creek, Gaw Capital Partners, Harbert Growth Partners, and Highland Capital Partners.

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Rwazi – $4.0M

Los Angeles-based Rwazi is a market intelligence platform that provides companies with actionable data from developing markets to help in revenue and expand. Founded by Eric Sewankambo and Joseph Rutakangwa in 2021, Rwazi has now raised a total of $7.8M in total equity funding and is backed by Alumni Ventures, Bonfire Ventures, and Newfund.

Unlearn.AI – $15.0M

San Francisco-based Unlearn.AI combines AI, digital twins, and novel statistical methods to enable smaller, more efficient clinical trials. Founded by Charles Fisher in 2017, Unlearn.AI has now raised a total of $84.9M in total equity funding and is backed by Radical Ventures and Wittington Ventures.

Vital – $24.7M

Atlanta-based Vital offers software to help clinicians communicate and engage with patients in their care after emergency department and inpatient visits. Founded by Aaron Patzer and Justin Schrager in 2017, Vital has now raised a total of $45.9M in total equity funding and is backed by Aaron Patzer, Threshold, and Transformation Capital.

Workera – $23.5M

Palo Alto-based Workera is an enterprise skill assessment and upskilling platform for data science, machine learning, and artificial intelligence. Founded by James Lee and Kian Katanforoosh in 2019, Workera has now raised a total of $44.5M in total equity funding and is backed by AI Fund, Jump Capital, New Enterprise Associates, Owl Ventures, and Sozo Ventures.

Coactive AI – $10.4M

San Jose-based Coactive AI is a machine learning platform that unlocks analytics and insights from unstructured image and video data. Founded by Cody Coleman and William A. Gaviria Rojas in 2021, Coactive AI has now raised a total of $14.0M in total equity funding and is backed by AME Cloud Ventures, Andreessen Horowitz, Bessemer Venture Partners, Eli Collins, Exceptional Capital, Fei-Fei Li, Jure Leskovec, Next Play Capital, and SVA.

Skupos – $22.5M

San Francisco-based Skupos is a data platform powering the convenience retail industry through technology. Founded by Jake Bolling, Linh Nguyen, and Michael Glassman in 2016, Skupos has now raised a total of $64.4M in total equity funding and is backed by Brex and SQN Venture Partners.

StructShare – $8.0M

New York-based StructShare develops an app for managing daily material orders, quotes, and invoices. Founded by Arik Davidi and Or Lakritz in 2017, StructShare has now raised a total of $8.0M in total equity funding and is backed by Cemex Ventures, Kompas, and SeedIL Ventures.

Mad Rabbit – $10.0M

Los Angeles-based Mad Rabbit is a tattoo aftercare brand that offers natural products for skin and tattoo maintenance. Founded by Oliver Zak and Selom Agbitor in 2019, Mad Rabbit has now raised a total of $20.3M in total equity funding and is backed by Acronym Venture Capital, H Venture Partners, LB Equity, and Mark Cuban.

Rain – $66.0M

Santa Monica-based Rain offers early wage access and financial wellness benefit for mid-market to enterprise employers. Founded by Alex Bradford, Gilberto Garcia, and Jennifer Terrell in 2019, Rain has now raised a total of $78.6M in total equity funding and is backed by Dreamers VC, Invus Opportunities, QED Investors, Tribe Capital, and WndrCo.

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Source: https://www.alleywatch.com/2023/03/the-weekly-notable-startup-funding-report-3-27-23/

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