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The Weekly Notable Startup Funding Report takes us on a visit throughout varied ecosystems within the US, highlighting a number of the notable funding exercise within the varied markets that we observe. The notable startup funding rounds for the week ending 5/20/23 that includes funding particulars for Obie, Prime Roots, Ethernovia, and sixteen different offers representing $794M in new funding that it’s worthwhile to find out about.
Azteco – $6.0M
Santa Monica-based Azteco is a shopper Bitcoin platform that gives Bitcoin vouchers for international monetary transactions. Based by Akin Fernandez, Paul Ferguson, and Ryan Dippmann in 2019, Azteco has now raised a complete of $6.0M in whole fairness funding and is backed by Aleka Capital, David Van Der Weele, Gaingels, Hivemind Ventures, Jack Dorsey, Lightning Ventures, Trip Wave Ventures, Sunil Rajaraman, and Visary Capital.
Eagle Eye Networks – $100.0M
Austin-based Eagle Eye Networks is a cloud video surveillance firm that’s transitioning all features of conventional video surveillance to the cloud. Based by Dean Drako in 2012, Eagle Eye Networks has now raised a complete of $175.0M in whole fairness funding and is backed by SECOM.
Glowforge – $20.0M
Seattle-based Glowforge is a producer of 3D laser printers meant to supply printing companies on a variety of supplies and lots of extra. Based by Dan Shapiro, Mark Gosselin, and Tony Wright in 2014, Glowforge has now raised a complete of $105.3M in whole fairness funding and is backed by DFJ Progress, Foundry Group, Revolution Progress, and True Ventures.
Gradiant – $225.0M
Woburn-based Gradiant is a options supplier and developer of cleantech water initiatives for superior water and wastewater therapy. Based by Anurag Bajpayee and Prakash Govindan in 2013, Gradiant has now raised a complete of $392.4M in whole fairness funding and is backed by BoltRock Holdings and Centaurus Capital LP.
Consideration seed-stage founders! 43North is on the hunt for its subsequent cohort. 5 firms will obtain a $1M funding for five% fairness. One of the best half? The cash is just the start. At 43North, you’ll acquire entry to funding, mentorship and connections designed to gas your progress and propel your small business ahead. Study extra and apply at 43North.org.
HackerNoon – $250K
Edwards-based HackerNoon publishes know-how tales and builds publishing software program. Based by David Smooke and Linh Smooke in 2016, HackerNoon has now raised a complete of $2.8M in whole fairness funding and is backed by Arweave.
Hallow – $50.0M
Chicago-based Hallow is a Catholic prayer and meditation app that hopes to assist individuals develop nearer to God. Based by Alessandro DiSanto, Alex Jones, and Erich Kerekes in 2018, Hallow has now raised a complete of $105.0M in whole fairness funding and is backed by Colin Moran, Goodwater Capital, and Highland Capital Companions.
Hippocratic AI – $50.0M
California-based Hippocratic goals to develop the most secure synthetic Well being Common Intelligence (HGI). Based by Alex Miller, Munjal Shah, and Vishal Parikh in 2022, Hippocratic AI has now raised a complete of $50.0M in whole fairness funding and is backed by Andreessen Horowitz and Common Catalyst.
Hook Safety – $5.5M
Greenville-based Hook Safety is a cybersecurity coaching firm introducing Psychological Safety to the outdated Safety Consciousness Coaching trade. Based by Zachary Eikenberry in 2019, Hook Safety has now raised a complete of $7.1M in whole fairness funding and is backed by DeepWork Capital, Florida Alternative Fund, Stout Avenue Capital, and TampaBay.Ventures.
Might your startup us a $1M funding, plus mentorship, and assist to scale? Be a part of 43North’s Why to Apply Webinar on Might 31! REGISTER HERE.
Obie – $25.5M
Chicago-based Obie is an insurtech startup that provides insurance coverage and danger administration for actual property buyers. Based by Aaron Letzeiser and Ryan Letzeiser in 2017, Obie has now raised a complete of $39.2M in whole fairness funding and is backed by Battery Ventures, Brick & Mortar Ventures, and DivcoWest.
Odyssey Vitality Options – $15.0M
Boulder-based Odyssey offers know-how and finance options for distributed renewable vitality firms at each stage of undertaking deployment Based by Cathy Zoi and Emily McAteer in 2017, Odyssey Vitality Options has now raised a complete of $20.3M in whole fairness funding and is backed by Summary Ventures, Local weather Capital, Equal Ventures, Equator, Founder Collective, MCJ Collective, Transition Enterprise Capital, Twelve Beneath, and Union Sq. Ventures.
Quince – $77.0M
San Francisco-based Quince is an reasonably priced luxurious model that sells high quality vogue and residential items at radically low costs immediately from the manufacturing facility ground. Based by Sid Gupta in 2018, Quince has now raised a complete of $141.5M in whole fairness funding and is backed by 8VC, Foundation Set Ventures, GGV Capital, Perception Companions, Lugard Highway Capital, and Wellington Administration.
Prime Roots – $30.0M
Berkeley-based Prime Roots makes mycelium primarily based meats merchandise specializing in deli and charcuterie merchandise. Based by Joshua Nixon and Kimberlie Le in 2017, Prime Roots has now raised a complete of $48.5M in whole fairness funding and is backed by Alumni Ventures, Diamond Edge Ventures, Gaingels, Hyphen Capital, Meach Cove Capital, Monde Nissin, Pangaea Ventures, Prosus, Solasta Ventures, SOSV, The Home Fund, High Tier Capital Companions, and True Ventures.
Consideration seed-stage founders! 43North is on the hunt for its subsequent cohort. 5 firms will obtain a $1M funding for five% fairness. One of the best half? The cash is just the start. At 43North, you’ll acquire entry to funding, mentorship and connections designed to gas your progress and propel your small business ahead. Study extra and apply at 43North.org.
Kelvin – $30.0M
Brooklyn-based Kelvin is an vitality administration and electrification platform for radiator-heated buildings. Based by Marshall Cox in 2013, Kelvin has now raised a complete of $34.3M in whole fairness funding and is backed by 2150, Partnership Fund for New York Metropolis, and Schmidt Household Basis.
RevenueHero – $5.1M
Claymont-based RevenueHero is a gross sales software program developer that helps gross sales groups focus their time on certified leads. Based by Charanyan Venkataraghavan and Krupesh Muthukumar in 2021, RevenueHero has now raised a complete of $5.1M in whole fairness funding and is backed by Stellaris Enterprise Companions and Collectively Fund.
River Monetary – $35.0M
San Francisco-based River Monetary is a bitcoin monetary establishment permitting long-term buyers to purchase and mine bitcoin. Based by Alexander Leishman and Andrew Benson in 2019, River Monetary has now raised a complete of $52.7M in whole fairness funding and is backed by Alarko Ventures, Cygni Capital, Esas Ventures, Goldcrest Capital, Kingsway Capital, M13, Peter Thiel, and Valor Fairness Companions.
Consideration seed-stage founders! 43North is on the hunt for its subsequent cohort. 5 firms will obtain a $1M funding for five% fairness. One of the best half? The cash is just the start. At 43North, you’ll acquire entry to funding, mentorship and connections designed to gas your progress and propel your small business ahead. Study extra and apply at 43North.org.
Union.ai – $19.1M
Bellevue-based Union.ai is a Kubernetes-native workflow orchestration platform for knowledge and machine studying at scale. Based by George Snelling, Haytham Abuelfutuh, and Ketan Umare in 2020, Union.ai has now raised a complete of $29.1M in whole fairness funding and is backed by Nava Ventures and New Enterprise Associates.
Alloy Enterprises – $26.0M
Somerville-based Alloy Enterprises operates as trade disruptors trying to sort out inefficiencies in standard manufacturing. Based by Alison Forsyth, Andrea Bedell, and Nick Mykulowycz in 2020, Alloy Enterprises has now raised a complete of $33.7M in whole fairness funding and is backed by Congruent Ventures, Flybridge, FootPrint Coalition, MassMutual Influence Investing, Piva Capital, Riot Ventures, and Until.
Ethernovia – $64.0M
San Jose-based Ethernovia is a developer of an Ethernet system that gives the subsequent evolution in automobile communication. Based by Darren Engelkemier, Hossein Sedarat, and Ramin Shirani in 2018, Ethernovia has now raised a complete of $64.0M in whole fairness funding and is backed by AMD Ventures, ENEA Capital, Fall Line Capital, Porsche Automobil Holding, Qualcomm Ventures, Taiwania Capital Administration Company, VentureTech Alliance, and Western Digital Capital.
Incentivio – $10.0M
Boston-based Incentivio helps eating places win restaurant 2.0 by remodeling the restaurant expertise for the digital age. Based by Rajat Bhakhri and Sashika Dias in 2016, Incentivio has now raised a complete of $10.2M in whole fairness funding and is backed by Ardent Enterprise Companions, Grotech Ventures, and Osage Enterprise Companions.
Might your startup us a $1M funding, plus mentorship, and assist to scale? Be a part of 43North’s Why to Apply Webinar on Might 31! REGISTER HERE.
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