Monday, 3/4/2024: VC Funded Companies

Anthropic’s big claims, Apple’s giant fine, and Musk gets sued again over unpaid severance; it’s the “Musk playbook” — curated from the StrictlyVC Newsletter

Massive Fundings

Mews, a 12-year-old Amsterdam-based startup, has designed a cloud-based management software platform specifically tailored for hotels and hostels. This platform aims to streamline operations, facilitate bookings, and enhance guest experiences. The company recently closed a $110 million funding round at a $1.2 billion valuation. The investment was led by Kinnevik, with additional participation from renowned investors such as Revaia, Goldman Sachs Alternatives, Notion Capital, and LGVP.

Razor Group, a four-year-old Berlin startup focused on acquiring and scaling online businesses, particularly those on platforms like Amazon, has made recent moves. They acquired competitor Perch and secured a $100+ million investment led by Presight Capital, valuing the company at $1.7 billion. Notably, both Razor and Perch share mutual investors with Thrasio, which recently faced bankruptcy.

Big-But-Not-Crazy-Big Fundings

Anthro Energy, a San Jose, CA-based startup founded four years ago, has secured $20 million in Series A funding. The company focuses on developing safer and more flexible lithium-ion batteries for wearable electronics and portable devices. Collaborative Fund led the round, with participation from existing investors Union Square Ventures, Emerson Collective, Voyager Ventures, Energy Revolution Ventures, Ultratech Capital Partners, Nor’easter Ventures, and Overlap Holdings.

Baseten, a San Francisco-based startup that provides a platform for developers to create and deploy AI applications, has raised $40 million in a Series B funding round. The round was co-led by IVP and Spark Capital, with participation from existing investors Greylock, South Park Commons, Lachy Groom, and Base Case.

Healthee, a six-year-old New York startup, has developed a platform to help employees understand and utilize their health benefits more effectively. The startup recently raised $32 million in a Series A funding round. Fin Capital, Glilot Capital Partners, and Group11 co-led the deal, with TriNet also participating.

MoeGo, a Los Angeles-based software company, has secured $24 million in Series A funding. Founded five years ago, MoeGo provides pet grooming businesses with tools for appointment scheduling, customer management, and service tracking. Base10 Partners led the funding round, with participation from Digitalis Ventures, Conductive Ventures, and Uphonest Capital.

In a recent development, Phagenesis, a 17-year-old company based in Manchester, England, has secured $42 million in funding through a Series D round. This innovative medical device company is known for developing a non-invasive device aimed at aiding patients with dysphagia in rehabilitating their swallowing functions. The investment was co-led by EQT Life Sciences and Sectoral, with participation from British Patient Capital, Northern Gritstone, and Aphelion.

Synctera, a San Francisco-based fintech startup facilitating financial services through apps by connecting fintechs with banks, has raised an additional $18.6 million in a Series A funding extension. Lightspeed and Fin Capital jointly led the deal, with participation from Banco Popular and Mana Ventures, and existing investors NAventures and Diagram.

Topsort, a three-year-old startup based in San Francisco, secured a $20 million Series A funding round at a $150 million valuation. The company provides auction-based advertising services for e-commerce platforms, enabling them to monetize their website traffic by inviting advertisers to bid for ad placements. The funding round was led by Upload Ventures, and previous investors Quiet Capital and Pear Ventures also participated.

Smaller Fundings

Esper, an Australian startup focused on hyperspectral imaging for various applications, including agriculture, mining, and environmental monitoring, has secured a significant investment of $1 million from renowned venture capital firms such as Stellar Ventures, Day One Ventures, and Dolby Family Ventures. Additionally, the startup has received grants from Alexis Ohanian’s 776 Foundation and the Australian Federal Government.

Kismet, a Melbourne-based healthcare coordination startup, has secured an $8.2 million seed funding round. The round was co-led by Prosus Ventures and Airtree Ventures, bringing the company’s total funding to $10.8 million. Kismet helps caregivers connect with health insurers and healthcare professionals to improve the coordination of care.

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