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 6/1/24 featuring funding details for Ritten, Plenful, Felix, and twelve other deals representing $6.3B (not a typo) in new funding that you need to know about.
Valar Labs – $22.0M
Palo Alto-based Valar Labs offers assistance services for cancer treatment through Artificial Intelligence. Founded by Anirudh Joshi, Damir Vrabac, Pranav Rajpurkar, and Viswesh Krishna in 2021, Valar Labs has now raised a total of $26.0M in total equity funding and is backed by Andreessen Horowitz, DCVC Bio, and Pear VC.
Aperture Finance – $6.7M
Sunnyvale-based Aperture Finance provides a decentralized finance platform to streamline complex DeFi operations. Founded by Gao Han and Lian Zhu in 2021, Aperture Finance has now raised a total of $23.3M in total equity funding and is backed by Alchemy, Blockchain Founders Fund, CatcherVC, Cipholio Ventures, Double Peak Group, Krypital Group, Skyland Ventures, SNZ Holding, Stratified Capital, Tide Capital, and ViaBTC Capital.
Felix – $15.5M
San Francisco-based Felix is a chat-based digital platform that enables cross-border payments. Founded by Bernardo Garcia and Manuel J Godoy in 2021, Felix has now raised a total of $34.6M in total equity funding and is backed by Castle Island Ventures, Contour, H20 Capital, MELI Capital, and Switch Ventures.
Gameto – $33.0M
New York-based Gameto is a biotechnology company developing therapeutics of the female reproductive system using cell engineering. Founded by Dina Radenkovic, Martin Varsavsky, and Pranam Chatterjee in 2020, Gameto has now raised a total of $73.0M in total equity funding and is backed by Anne Wojcicki, Arcadian Investment Partners, Bold Capital Partners, Chelsea M.R. Hirschhorn, Dan Rose, FJ Labs, Future Ventures, Ingeborg Investments, Insight Partners, Jack Abraham, Lux Capital, Myelin VC, Overwater Ventures, Plum Alley, RA Capital Management, Robert Nelsen, SALT Fund, Stacey Bendet, TA Ventures, Two Sigma Ventures, and Yes VC. AlleyWatch broke the news in an exclusive covering the round and much more – Gameto Raises $33M to Use Cell Engineering to Revolutionize Fertility Treatments
Novel Capital – $15.0M
Overland Park-based Novel Capital is a fintech growth platform providing non-dilutive financing to B2B companies. Founded by Carlos Antequera and Keith Harrington in 2018, Novel Capital has now raised a total of $130.0M in total equity funding and is backed by Gaingels, IGNIA, MatterScale Ventures, and Ulu Ventures.
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.
Plenful – $17.0M
San Francisco-based Plenful is a no-code workflow automation and AI platform that optimizes healthcare’s manual, administrative workflows. Founded by Joy Liu and Joy Patel in 2021, Plenful has now raised a total of $26.0M in total equity funding and is backed by Bessemer Venture Partners, Mitchell P. Rales, Susa Ventures, TQ Ventures, and Waterline Ventures.
SmartPM Technologies – $5.5M
Atlanta-based SmartPM Technologies is a real estate technology company that provides a real-time automated analytics platform. Founded by Billy Upchurch, Michael Pink, and Richard Pink in 2012, SmartPM Technologies has now raised a total of $11.9M in total equity funding and is backed by Building Ventures, GS Futures, and Nemetschek Group.
TraceAir – $25.0M
Redwood City-based TraceAir is a software solution that uses drone data to help construction teams streamline their building projects. Founded by Dmitry Korolev in 2015, TraceAir has now raised a total of $36.1M in total equity funding and is backed by Flashpoint and PeakSpan Capital.
xAI – $6.0B
Burlingame-based XAI is an AI company that develops a platform to accelerate human scientific discovery. Founded by Elon Musk in 2023, xAI has now raised a total of $6.1B in total equity funding and is backed by Alwaleed Bin Talal, Andreessen Horowitz, Fidelity, Kingdom Holding Company, Sequoia Capital, Valor Equity Partners, and Vy Capital.
ZERO – $26.1M
Campbell-based ZERO is empowering the Enterprise of the Future with an AI co-pilot for every knowledge worker Founded by Alex Babin and Gevorg Karapetyan in 2014, ZERO has now raised a total of $38.1M in total equity funding and is backed by Trajectory Ventures.
You are seconds away from signing up for the hottest list in NYC Tech!
BabylonChain – $70.0M
Palo Alto-based Babylon designs security protocols to leverage security for decentralized systems, allowing features like secure timestamps and staking. Founded by David Tse and Fisher Yu in 2022, BabylonChain has now raised a total of $103.0M in total equity funding and is backed by 01Node, @domo data, Allnodes, Amber Group, Breyer Capital, Bullish Global, Bware Labs, chain yoda, Everstake, Galaxy Digital, Hack VC, HashKey Capital, HTX, imToken, InfStones, IOSG Ventures, LD Capital, Luganodes, Mantle Network, Nikita Sachdev, Nodes.Guru, P2P.org, Paradigm, Polychain, Ray Jiang, Ray Liang, RockX, Ryan Fang, Smokey The Bera, StakeWith.Us, Stakin, ViaBTC Capital, and Waikit Lau.
Claros Technologies – $22.0M
Saint Paul-based Claros Technologies is an advanced materials company that develops safe and sustainable products with zero toxic waste. Founded by Abdennour Abbas and Michelle Bellanca in 2018, Claros Technologies has now raised a total of $27.5M in total equity funding and is backed by American Century Investments, Capita3, Children’s Minnesota, Ecosystem Integrity Fund, F.R. Bigelow Foundation, Groundswell Ventures, Kureha America, Open Door Foundation, and University of Minnesota.
Coinflow Labs – $2.3M
Chicago-based Coinflow enables Web3 companies to accept traditional payments and convert cryptocurrency to USD for payouts to customers’ bank accounts. Founded by Benjamin Meeder and Daniel L. in 2022, Coinflow Labs has now raised a total of $3.7M in total equity funding and is backed by CMT Digital Ventures, Digital Currency Group, Draper Dragon, Jump Crypto, and Reciprocal Ventures.
WindBorne Systems – $15.0M
Stanford-based WindBorne collects atmospheric data using smart weather balloons for weather forecasting, climate research, and environmental monitoring. Founded by Andrey Sushko, John Dean, Kai Marshland, and Paige Brown in 2015, WindBorne Systems has now raised a total of $21.0M in total equity funding and is backed by Khosla Ventures.
Ritten – $11.5M
Philadelphia-based Ritten provides a software platform for behavioral health facilities. Founded by Gabriel Szczepanek and Noah Whitehead in 2020, Ritten has now raised a total of $17.5M in total equity funding and is backed by Threshold.
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.
- 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/2024/06/the-weekly-notable-startup-funding-report-6-3-24/
