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 4/15/23 featuring funding details for Tonal, ID.me, Axle, and eighteen other deals representing $1.13B in new funding that you need to know about.
1upHealth – $40.0M
Boston-based 1upHealth is a healthcare data platform operator that aggregates and shares medical data for patients, providers, and software developers. Founded by Gajen Sunthara and Ricky Sahu in 2017, 1upHealth has now raised a total of $75.4M in total equity funding and is backed by Eniac Ventures, F-Prime Capital, Jackson Square Ventures, and Sixth Street Growth.
ALICE Technologies – $13.0M
Menlo Park-based Alice Technologies develops construction-engineering software for general contractors, subcontractors, and real estate developers. Founded by Prithvi Raj Jampana and Rene Morkos in 2013, ALICE Technologies has now raised a total of $61.2M in total equity funding and is backed by Swire Properties.
AlphaSense – $100.0M
New York-based AlphaSense is a market 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 $590.0M in total equity funding and is backed by CapitalG, Goldman Sachs Asset Management, and Viking Global Investors.
Altruist – $112.0M
Culver City-based Altruist is a digital investment platform that offers commission-free trading and financial advice to individuals. Founded by Jason Wenk in 2018, Altruist has now raised a total of $280.5M in total equity funding and is backed by Adams Street Partners, Insight Partners, Marty Bicknell, Rex Salisbury, Ron Carson, and William McNabb.
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.
Axle – $4.0M
Atlanta-based Axle is an open platform for consumer-permissioned insurance data. Founded by Armaan Sikand, Cameron Duncan, and Nihar Parikh in 2022, Axle has now raised a total of $4.5M in total equity funding and is backed by BLH Venture Partners, Contrary, Gradient Ventures, Rebel Fund, Soma Capital, and Y Combinator.
Clear Street – $270.0M
New York-based Clear Street develops a modern infrastructure for capital markets. Founded by Chris Pento and Sachin Kumar in 2018, Clear Street has now raised a total of $470.0M in total equity funding and is backed by Prysm Capital. AlleyWatch broke the news in an exclusive covering the round and much more – Clear Street Adds $270M to its Series B Round for its Tech-Enabled Prime Brokerage
ClimateAI – $22.0M
San Francisco-based ClimateAI is a team of scientists that develops enterprise climate platforms. Founded by Anthony Atlas, Himanshu Gupta, and Max Evans in 2017, ClimateAI has now raised a total of $38.0M in total equity funding and is backed by Academy Investor Network, Four Rivers Group, Neotribe Ventures, Radical Ventures, and Yaletown Partners.
Emrgy – $18.4M
Atlanta-based Emrgy designs and deploys modular, scalable hydroelectric solutions. Founded by Emily Morris in 2014, Emrgy has now raised a total of $58.6M in total equity funding and is backed by Blitzscaling Ventures, Fifth Wall, Oval Park Capital, Overlay Capital, VentureSouth, and Veriten.
EnergyX – $50.0M
Fort Lauderdale-based EnergyX is a clean technology company that optimizes the lithium extraction process. Founded by Teague Egan in 2018, EnergyX has now raised a total of $524.5M in total equity funding and is backed by General Motors.
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ID.me – $132.0M
Mclean-based ID.me is an online identity verification platform that allows users to securely prove their identity online. Founded by Blake Hall, Matthew Thompson, and Tanel Suurhans in 2010, ID.me has now raised a total of $273.8M in total equity funding and is backed by Auctus Alternative, CapitalG, Counterpoint Global, FTV Capital, Moonshots Capital, PSP Growth, Scout Ventures, and Viking Global Investors.
Oshi Health – $30.0M
New York-based Oshi Health is a digital health platform that provides personalized support and resources for people with digestive health conditions. Founded by Sam Holliday, Sameer Berry, and Sona Chandra in 2019, Oshi Health has now raised a total of $59.5M in total equity funding and is backed by Bessemer Venture Partners, CVS Health Ventures, Flare Capital Partners, Frist Cressey Ventures, Koch Disruptive Technologies, and Takeda Digital Ventures.
Recuro Health – $47.0M
Richardson-based Recuro Health offers a holistic suite of virtual care services and supplemental benefits. Founded by John Halsey and Michael Gorton in 2021, Recuro Health has now raised a total of $62.0M in total equity funding and is backed by 4D Capital, ARCH Venture Partners, GPG Ventures, and The Flippen Group.
Scene Health – $17.7M
Brooklandville-based Scene Health focuses on solving the problem of medication non-adherence by leveraging people, science, and technology. Founded by Morad Elmi, Sebastian Seiguer, and Sharon Kong in 2008, Scene Health has now raised a total of $27.7M in total equity funding and is backed by ABS Capital Partners, Claritas Health Ventures, Healthworx, Kapor Capital, and PTX Capital.
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.
SentiAR – $8.5M
St Louis-based SentiAR is a digital health company that offers a holographic AR platform for intraprocedural clinical use. Founded by Dr. Jennifer Silva, MD, Jim Howard, Jonathan Silva, PhD, and Michael Southworth in 2017, SentiAR has now raised a total of $20.8M in total equity funding and is backed by cultivate(MD), Harmonix Fund, MedVenture Partners, QRM Capital, TechWald Holding S.p.A., and VCapital.
Teamworks – $65.0M
Durham-based Teamworks is a communication and operations platform for athletic organizations. Founded by Mitch Heath, Shaun Powell, and Zachary Maurides in 2006, Teamworks has now raised a total of $168.3M in total equity funding and is backed by Dragoneer Investment Group.
Tonal – $130.0M
San Francisco-based Tonal is a smart home gym that uses artificial intelligence and coaching to provide strength training. Founded by Aly Orady and Nate Bosshard in 2015, Tonal has now raised a total of $580.0M in total equity funding and is backed by Cobalt Capital, Dragoneer Investment Group, Kindred Ventures, L Catterton, and Transformational Healthcare.
Tradier – $24.6M
Charlotte-based Tradier offers developers, trading platform providers and investors an innovative trading platform and a rich set of real-time APIs. Founded by Dan Raju, Jason Barry, Jeyashree Chidambaram, Peter Laptewicz, and Steve Agalloco in 2012, Tradier has now raised a total of $27.7M in total equity funding and is backed by F-Prime Capital, KF Ventures, and Peak 6.
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REPOWR – $8.0M
Chattanooga-based REPOWR is a community of networks where logistics companies seamlessly lease & share assets to reduce waste & underutilization. Founded by Patrick Visintainer and Spencer Ware in 2019, REPOWR has now raised a total of $12.7M in total equity funding and is backed by 9Yards Capital, ArcBest Corporation, Crowley Maritime, Koch Disruptive Technologies, McVestCo, NFI Ventures, Perot Jain, and UP Partners.
FRAYT – $7.0M
Cincinnati-based FRAYT is a developer of a delivery application offering shipping services. Founded by Clancy Boyer, Josh McCord, Lawrence McCord, and Luke Denny in 2017, FRAYT has now raised a total of $7.0M in total equity funding and is backed by Capital Midwest Fund, JobsOhio Growth Capital Fund, Refinery Ventures, and Venture 53.
reef.ai – $5.2M
Honolulu-based Reef.ai develops a net retention platform that leverages artificial intelligence to extract data from multiple systems across businesses. Founded by Brent Grimes, Corey Goff, and Corey Goff in 2021, reef.ai has now raised a total of $5.2M in total equity funding and is backed by Builders VC, Dig Ventures, Startup Capital Ventures x SBI Fund, and Struck Capital.
Carbon Robotics – $30.0M
Seattle-based Carbon Robotics develops robots for agriculture-related applications. Founded by Paul Mikesell in 2018, Carbon Robotics has now raised a total of $65.9M in total equity funding and is backed by Anthos Capital, FUSE, Ignition Partners, Liquid 2 Ventures, Sozo Ventures, and Voyager Capital.
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.
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- Source: https://www.alleywatch.com/2023/04/the-weekly-notable-startup-funding-report-4-17-23/
