Massive Fundings

Argá Medtech, a four-year-old Swiss medical technology startup focused on developing minimally invasive cardiac technology to treat conditions like heart arrhythmia, has secured $58.6 million in a Series B funding round. The round was co-led by existing investors Advent Life Sciences and Earlybird, with the participation of a new investor, Gilde Healthcare.

FogPharma, a nine-year-old Cambridge, Massachusetts based startup, received $145 million in a Series E funding round led by Nextech Invest with notable contributors including RA Capital Management, Rock Springs Capital, General Catalyst, Marshall Wace, Samsara Biocapital, Foresite Capital, Symbiosis, Catalio Capital Management, and Sixty Degree Capital. The startup specializes in creating cancer drugs by merging small molecules and biologics to target previously untreatable proteins. Former investors also participated in the funding round. To learn more about this story, visit BioPharma Dive.

Geopura, a UK-based startup offering green hydrogen fuel cells and services to events, industry, and transportation sectors, has secured $70.9 million in funding. Notable investors involved in this round include UK Infrastructure Bank, Barclays Sustainable Impact Capital, GM Ventures, Swen Capital Partners, and Siemens Energy Ventures.

Big-But-Not-Crazy-Big Fundings

Backpack, a Dubai-based crypto startup, has raised $17 million in a Series A funding round. The round was led by Placeholder VC, with Hashed, Robot Ventures, Amber Group, Wintermute, and Selini also participating. The new funding will help Backpack build its digital platform, which aims to provide secure cryptocurrency trading services. Backpack was founded by FTX and Alameda Research alumni, and the startup is headquartered in Dubai.

Smaller Fundings

Campfire, a San Francisco-based startup focused on SMBs, has secured $3.5 million in seed funding led by Foundation Capital. Y Combinator and Twenty Two Ventures also participated in the round. This funding will enable Campfire to further develop its accounting software platform, designed to streamline financial management for small businesses.

Clasp, a New York-based startup founded a year ago, has secured a $1.5 million investment round led by Base10 Partners. The company is focused on developing embeddable software aimed at simplifying health benefits for both employers and employees.

ContributionDAO, a Singapore-based startup focused on providing tailored staking services to institutional investors in Southeast Asia, has secured a $2.8 million seed round led by KASIKORN X Venture Capital. The round also included support from blockchain projects Axelar, Umi, and Connext.

Karma3 Labs, a Palo Alto-based startup, has secured $4.5 million in funding, co-led by Galaxy and IDEO CoLab Ventures. The company has developed OpenRank, a decentralized reputation protocol that evaluates and ranks the reliability and quality of projects and participants within the Web3 space. Other contributors to the funding round include Spartan, SevenX, HashKey, Flybridge, Delta Fund, Draper Dragon, and Compa Capital.

Particle, a year-old San Francisco-based startup, has secured $4.4 million in seed funding. The company is developing an AI-powered news reader platform that aims to deliver personalized news content to users. Kindred Ventures, Adverb Ventures, and Ev Williams participated in the funding round.

In the bustling fashion industry, innovation can be a challenge. Thankfully, Raspberry AI, a startup based in the heart of New York, has taken up the mantle, crafting a generative AI platform that promises to revolutionize clothing design. With a recent seed round of $4.5 million, co-led by esteemed investors Greycroft and Khosla Ventures, Raspberry AI is poised to disrupt the fashion scene.

Relish, a four-year-old startup headquartered in Newbury, Ohio, has secured $10 million in Series A funding. The company utilizes AI to enhance customer interactions for businesses by analyzing customer data. Volition Capital led the investment round.

Vitrue Health, a London-based startup focusing on developing digital tools that help prevent and manage neck and back pain in workplace employees, recently secured $4 million in funding. The funding round was co-led by MMC Ventures and Hambro Perks, with additional participation from Simplyhealth Ventures and Crista Galli Ventures. This latest funding brings the company’s total funding raised to $7 million.

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