Monday 01/08/24 - VC's are Banking on in Week one of 2024 | Luke Insider!💡🚀

Aqua Security, a nine-year-old Tel Aviv- and Boston-based startup that provides cloud security services for customers such as PayPal, Netflix and Samsung, raised a $60 million Series E extension led by Evolution Equity Partners, with previous investors Lightspeed Venture Partners, Insight Partners, and StepStone Group also anteing up. TechCrunch has more here

Claris Bio, a four-year-old startup based in Jersey City, NJ, that is developing a recombinant human variant hepatocyte growth factor aimed at improving corneal healing in patients with corneal eye diseases, raised a $57 million Series A round. Novo Holdings A/S, RA Capital, Mass General Brigham Ventures, and Janus Henderson Investors invested in the deal. More here

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Big-But-Not-Crazy-Big Fundings

An unnamed startup founded by former Twitter CEO Parag Agrawal that is building software for developers of large language models, raised a round of approximately $30 million led by Khosla Ventures, with Index Ventures and First Round Capital also pitching in. The Economic Times has more here

ABL Space Systems, an aerospace and launch service provider based in El Segundo, Ca., has raised at least $40 million as part of a targeted $100 million fundraise, per an SEC filing first flagged by TechCrunch. It’s the first indication that ABL has raised venture funding since October 2021, when the outfit on closed $200 million at a $2.4 billion valuation. More here

Nabla, a five-year-old Paris startup that has created an AI assistant for doctors that automatically writes clinical notes, raised a $24 million Series B round at a valuation of $180 million, according to TechCrunch. The deal was led by Cathay Innovation, with additional participation from ZEBOX Ventures. TechCrunch has more here

Recurrent, a four-year-old Seattle startup that provides EV battery analytics to shoppers and car dealerships, raised a $16 million Series A round led by ArcTern Ventures and including Automotive Ventures, Goodyear Ventures, Wireframe Ventures, and Pioneer Square Labs. The company has raised a total of $19 million. GeekWire has more here

Robin AI, a five-year-old London startup that uses AI to speed up the process of drafting and negotiating contracts as well as extracting information from them, raised a $26 million Series B round. Temasek was the deal lead, while QuantumLight, Plural, and AFG Partners also participated. The company has raised a total of $43.6 million. Tech.eu has more here

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Smaller Fundings

Cleva, a Nigerian startup founded last year that helps African consumers and businesses establish USD-denominated accounts, raised a $1.5 million pre-seed round led by 1984 Ventures, with The Raba Partnership, Byld Ventures, and FirstCheck Africa also contributing. TechCrunch has more here

Health in Her HUE, a five-year-old New York startup whose app connects women of color with healthcare providers and content that can better address their needs, raised a $3 million seed round led by Seae Ventures, with Johnson & Johnson Impact Ventures, HBCU Founders Fund, Stanford Impact Fund, and Morgan Stanley Inclusive Ventures Labs also taking part. The company has raised a total of $4.2 million. TechCrunch has more here

Intrinsic, a one-year-old San Francisco startup whose mission is to give safety teams the tools necessary to prevent abusive behavior on their products, raised a $3.1 million seed round. Investors included Urban Innovation Fund, Y Combinator, 645 Ventures, and Okta. TechCrunch has more here

Patchworks, a nine-year-old startup based in Nottingham, UK, that helps retailers connect and manage different data streams, raised a $2.2 million round. Gresham House Ventures led the investment. The company has raised a total of $13.4 million. More here

QuantHealth, a three-year-old Tel Aviv startup that helps researchers maximize the success of their clinical trials, raised a $2 million Series A extension led by Accenture Ventures. CTech has more here

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