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  • Thursday 01/11/24 : Funding Frenzy – Over 15 Companies Secure Investments | Luke Insider! 💡🚀

Thursday 01/11/24 : Funding Frenzy – Over 15 Companies Secure Investments | Luke Insider! 💡🚀

15+ Companies Secure Funding in the Latest Cycle

Massive Fundings

1X Technologies, a ten-year-old Norwegian company backed by OpenAI that makes AI-enabled industrial robots, raised a $100 million Series B round led by EQT Ventures, with participation from Samsung NEXT and NISTAD as well as previous investors Sandwater and Skagerak Capital. TechCrunch has more here

D-Orbit, a 12-year-old Milan company that provides logistics services for companies operating satellites and other services in space, raised a $109.5 million Series C round led by Marubeni Corp., with Avantgarde, CDP VC, Seraphim Space Investment Trust, United Ventures, Indaco Venture Partners, Neva SGR, and Primo Ventures also piling on. TechCrunch has more here

Finn, a four-year-old Munich startup that offers consumers a subscription service as an alternative to buying or leasing a new car, raised a $109.5 million Series C round at a $659 million post-money valuation. Planet First Partners was the deal lead, while previous investors HV Capital, Korelya Capital, UVC Partners, White Star Capital, and Picus Capital also took part. TechCrunch has more here

Harbor Health, an Austin, Tex.-based primary and specialty clinic group, raised $95.5 million in funding led by General Catalyst. Other investors include Alta Partners, 8VC, Health 2047 Capital Partners, Lemhi Ventures, and Martin Ventures. The outfit has now raised $128 million altogether. MobiHealth News has more here

Hyperexponential, a seven-year-old London startup whose software helps insurance companies analyze risk and make more informed pricing and reserving decisions, raised a $73 million Series B round led by Battery Ventures, with Andreessen Horowitz and previous investor Highland Europe also participating. TechCrunch has more here

Big-But-Not-Crazy-Big Fundings

120Water, a seven-year-old startup based in Zionsville, In., that provides software and kits that enable government agencies, public water systems, facilities, and schools to ensure that their water supply meets regulatory standards, raised a $43 million round led by Edison Partners, with additional participation from Allos Ventures. More here

Artisight, a six-year-old Chicago startup that uses AI, computer vision, and sensors to provide virtual nursing care, raised a $42 million Series B round. Nvidia was one of the investors in the deal. More here

Cactos, a two-year-old Helsinki startup that develops battery storage systems, raised a $28.5 million round. OP Finland Infrastructure and the Finnish Climate Fund were the co-leads. EU-Startups has more here

Finoa, a six-year-old Berlin startup that provides institutional clients with a secure and regulated environment for managing their crypto holdings, raised a $15 million round at a flat valuation of $100 million, according to The Block. The deal was co-led by Balderton Capital and Maven 11 Capital, with Blue Bay Ventures, Signature Ventures, Coparion, and Venture Stars also contributing. More here

Neocis, a 14-year-old Miami company that develops robotic systems to assist in dental surgeries, particularly dental implant procedures, raised a $20 million round. Investors included Mirae Asset Capital and NVentures (Nvidia's venture arm). More here

Rune Labs, a seven-year-old San Francisco startup whose platform integrates and analyzes data from sources like wearables, imaging, and electronic medical records to help in the management of Parkinson's disease, raised a $12 million Series A extension round. Nexus NeuroTech Ventures was the deal lead, with participation from previous investors Eclipse, DigiTx Partners, Moment Ventures, and TruVenturo GmbH. More here

Sqim, a nine-year-old Italian startup that specializes in materials bio-produced using mycelium (sourced from mushroom roots), raised a $12 million round co-led by CDP Venture Capital and including European Circular Bioeconomy Fund, Kering Ventures, and Progress Tech Transfer. Silicon Canals has more here

Smaller Fundings

Mercor, a one-year-old San Francisco startup that uses AI to identify and screen potential hires, raised a $3.6 million seed round led by General Catalyst, with participation from NEA partner Scott Sandell as well as Soma Capital, Link Ventures, and 2 | Twelve Angels. More here

NumberEight, a five-year-old London startup that has developed an AI tool to detect the behavior of device users for advertisers without requiring the use of cookies, raised a $2.7 million pre-Series A round led by ACF Investors and joined by Nauta Capital and Ascension Ventures. UKTN has more here

OneAdvisory, a two-year-old Miami startup whose platform is designed to help advisors consolidate and manage client data, streamline workflows, and enhance client engagement, raised an $8 million seed round led by F-Prime Capital, with Cofound Partners, Ritholtz Wealth Management, Mariner Wealth Advisors, and Valor Equity as well as previous investors Fika Ventures, Great Oaks and Twelve Below also pitching in. The company has raised a total of $10.6 million. WealthManagement.com has more here

Tibo energy, a two-year-old Dutch startup whose software enables commercial and industrial customers to manage their electrical grids, raised a $3.3 million seed round led by SET Ventures, with Speedinvest also investing. Tech.eu has more here

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