Tuesday, 2/27/2024: VC Funded Companies

Apple abandons its electric car ambitions, OpenAI slaps back at the New York Times, and Wall Street's newest pitch - curated from the StrictlyVC Newsletter

Massive Fundings

Exodigo, a Tel Aviv-based startup specializing in creating intricate below-the-surface maps for various industries, has secured $105 million in a Series A funding round. Led by Greenfield Partners and Zeev Ventures, the round witnessed the participation of previous investors SquarePeg, 10D VC, JIBE, and National Grid Partners.

Intenseye, a pioneering New York-based startup dedicated to preventing accidents and maintaining workplace safety through automated alerts and monitoring, has successfully raised $64 million in a Series B funding round. The round was led by Lightspeed Venture Partners, with notable contributions from existing investors, including Insight Partners, Point Nine, and Air Street Capital. This latest investment brings the company's total funding to over $90 million. 

Shadowfax, a Bengaluru-based startup founded in 2013, announced a significant funding milestone with a $100 million Series E funding round. Led by TPG NewQuest, the investment round also saw participation from existing investors, including Flipkart, Mirae Asset Venture Investments, IFC, Nokia Growth Partners, Qualcomm, Eight Roads Ventures, and Trifecta Capital. Shadowfax offers a range of services to businesses, enabling e-commerce logistics, hyperlocal and quick commerce, and personal courier services.

Big-But-Not-Crazy-Big Fundings

Baltimore-based startup B.well, which aims to simplify patients' access to their health data and enhance doctors' ability to provide better care, has secured $40 million in a Series C funding round. The deal was led by Leavitt Equity Partners

Baseimmune, a five-year-old London-based startup, has secured $11.3 million in Series A funding. The funding round was co-led by MSD Global Health Innovation Fund and IQ Capital and included participation from Hoxton Ventures, Creator Fund, Beast Ventures, and Maki.vc. The company uses AI to design advanced vaccines aimed at preventing infectious diseases.

Embat, a Madrid-based startup aiming to make corporate treasury functions more manageable and automated through its software, has secured a $16 million investment round. Creandum led the funding round, with participation from existing investors Samaipata, 4Founders, and Venture Friends. For additional details, please refer to the TechCrunch article.

Helcim, a four-year-old Calgary startup specializing in online and in-person payment processing solutions has secured $20 million in Series B funding. The funding round was led by Headline, along with participation from Clocktower Ventures, Vesey Ventures, SilverCircle, Information Venture Partners, and Aquiline Technology Growth

Lapse, a seven-year-old London-based tech startup, has secured $30 million in Series A funding. The funding round was co-led by Greylock and DST Global Partners, with previous investors GV, Octopus Ventures, and SpeedInvest also participating. Lapse's photo-sharing app is designed to emulate the delayed gratification of using an old-fashioned disposable camera. 

Matter Neuroscience, a startup that focuses on creating an app for positive life experiences, successfully raised $26 million in funding. The app is designed to help people remember and reflect on their positive experiences, while also collecting data for clinical studies. The investment round saw participation from prominent investors such as Polaris Partners, Arch Venture Partners, Exor Ventures, and Collaborative Fund

Smaller Fundings

Chiral, a one-year-old startup company located in Zürich, has successfully raised $3.8 million in a pre-seed funding round. This funding will be used to further develop and refine their unique technology, which involves using robotic machines to integrate nanomaterials into various devices and manipulate materials at the nanoscale. The funding round was co-led by Founderful and HCVC, with participation from ETH Zurich and Venture Kick.

Darwin AI, a Brazilian startup focusing on conversational AI assistants for small businesses in Latin America, recently acquired a $2.1 million seed investment. The round was directed by Canary, with the participation of H20 Capital Innovation, Dalus Capital, FJ Labs, and Latitude Capital. This funding aims to boost customer engagement and increase sales for small businesses in the region.

Located in Vancouver, Elevated Signals, a seven-year-old startup specializing in the development of manufacturing software for cannabis greenhouses, manufacturers, and processors, has successfully raised $5.8 million in a recent funding round. The round was led by Yaletown Partners, with significant contributions from Third Kind Venture Capital, WGD Capital, Raiven Capital, and Pareto Holdings

Enkrypt AI, a startup based in Boston, has secured a $2.4 million seed funding round. The startup aims to develop a "control layer" for the safe use of generative AI. The funding round was led by Boldcap, with participation from Berkeley SkyDeck, Kubera VC, Arka VC, Veredas Partners, and Builders Fund.

FamilyWell, a Boston-based startup founded two years ago, has secured $4.3 million in seed funding. The company provides telehealth services tailored to support families during pregnancy and early parenthood. These services connect families with healthcare providers for guidance and care. 406 Ventures led the funding round, with participation from GreyMatter Capital and Mother Ventures

Interview Kickstart, a San Francisco-based company that provides customized technical interview preparation courses for different roles in the tech industry, has secured $10 million in funding in a recent funding round. Blume Ventures led the investment. 

MoneyHash, an Egyptian financial technology startup that offers businesses in Africa and the Middle East a platform to manage multiple payment methods has secured $4.5 million in a seed funding round. COTU Ventures and Sukna Ventures led the round, joined by RZM Investment, Dubai Future District Fund, VentureFriends, and GitHub founder Tom Preston-Werner

Myko, a New York-based startup founded four years ago, has secured $2.7 million in a seed funding round. This AI-powered tool provides instant insights from sales data for teams utilizing Salesforce. Led by Khosla Ventures, Zero Knowledge Ventures, DayDream Ventures, and the AngelList Early-Stage Quant Fund also participated in the round.

Oishii, an eight-year-old Jersey City startup specializing in vertical farming, raised $134 million in a Series B round led by NTT. Bloom8, McWin Capital Partners, Mizuho Bank, Mitsubishi Shokuhin Co., the Japan Green Investment Corporation for Carbon Neutrality, and Yaskawa Electric Corporation also participated in the round. Oishii has now raised a total of $189 million.Oishii's vertical farming methods allow them to grow strawberries and tomatoes indoors, without pesticides, using vertical farming methods. The company has raised a total of $189 million.

Pimberly, a nine-year-old Manchester, England-based startup, has raised $5.1 million in a funding round to boost its cloud-based platform for retailers, distributors, and manufacturers. The platform is designed to assist in managing and distributing product information across multiple channels and regions. The funding was provided by investors, including NPIF – Mercia Equity Finance and Northern Venture Capital Trusts.

Sonus Microsystems, a Vancouver-based startup founded five years ago, has secured $2.1 million in pre-seed funding, led by LDV Capital. The company's ultrasound technology platform enables remote diagnostic imaging, eliminating the need for patients to visit a clinic or hospital. 

The London-based startup Superfluid, which aims to provide real-time finance on the Ethereum blockchain, has successfully raised $5.1 million in a funding round led by Fabric Ventures. Other notable investors in the round include Multicoin Capital, Circle Ventures, Safe Foundation, The LAO, and  Taavet+Sten. With this funding, Superfluid will continue to develop its platform, which allows users to continuously stream tokens over time, revolutionizing the way we manage and use our finances on the blockchain.

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