VC Funded Companies - Friday 2/16/2024

Burlingame, California-based startup Firefly Bio, which specializes in creating targeted cancer treatments by combining antibody drug conjugates with specific protein degraders, recently secured a substantial $94 million funding round. The round was co-led by prominent investors Versant Ventures and MPM BioImpact, with additional support from Decheng Capital and Eli Lilly. Biophamadrive has more! 

Higharc, a Durham, N.C.-based startup, secured $53 million in Series B funding. It provides home design tools, automates processes, and generates documents. Spark Capital and Pillar VC co-led the investment with participation from several industry leaders. The funds will be used to grow the team, accelerate product development, and expand into new markets. More here.

Based in Sunnyvale, California, Kairos Aerospace, a decade-old startup specializing in methane leak detection hardware and software solutions for the oil and gas industry, has secured $52 million in funding. The investment round was led by BlackRock, with participation from Hartree Partners and existing investors, including DCVC, Climate Investment, and Energy Innovation Capital. Yahoo has more.

Orienspace, a Beijing-based startup focused on building and launching rockets for commercial space missions, has secured $83.5 million in a Series B funding round. The funding was led by Liangxi Science and Technology Innovation Industry Fund of Funds, Hongtai Fund, and Xin Ding Capital. Other investors included CMBC International Holdings, Shanhang Capital, and Shenyin & Wanguo Investment. Space Impulse has more.

Revel, a Brooklyn-based startup specializing in urban rideshare services, is reportedly seeking $200 million in funding, as reported by Bloomberg. The company utilizes electric mopeds, bikes, and scooters to facilitate more environmentally-friendly transportation options. 

Scribe, a 5-year-old San Francisco tech company, got $25 million in Series B funding led by Redpoint Ventures. Other investors included New York Life Ventures and Amplify Partners. Scribe makes visual guides for processes on computers and the internet. It will use the money to expand, as reported by TechCrunch.

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Big-But-Not-Crazy-Big Fundings

In San Francisco, a startup named Alembic, which specializes in utilizing AI to analyze marketing data and assist companies in comprehending the impact of their marketing endeavors on revenue, has successfully secured $14 million in a Series A funding round. The round was led by WndrCo, along with additional contributions from investors such as MXV Capital and Liquid 2 Ventures. The VentureBeat has more..

In a bid to combat deepfakes in audio, videos, and images, Tel Aviv-based startup Clarity has secured $16 million in a seed funding round. The round was co-led by Walden Catalyst Ventures and Bessemer Venture Partners, with participation from Secret Chord Ventures, Ascend Ventures, Fusion VC, and Flying Fish Partners. TechCrunch has more here.

Duetti, a two-year-old music startup, has garnered $15 million in financing. It provides artists with upfront payments for their music tracks. Nyca Partners led the investment. Duetti also secured $75 million in debt financing. For more details, visit Music Ally.

Flower Labs, a Hamburg-based startup founded a year ago, has secured $20 million in a Series A funding round. The company's solution empowers developers to incorporate federated learning into their machine learning projects. Led by Felicis Ventures, the round also saw participation from First Spark Ventures, Factorial Capital, Beta Works, Y Combinator, Pioneer Fund, and Mozilla Ventures. More here.

Go Autonomous, a four-year-old Copenhagen-based startup specializing in automating sales and document workflows, particularly in email communication, has secured $10.3 million in a Series A funding round. The round was co-led by Octopus Ventures and Ridge Ventures, with participation from EIFO and 42Cap. ArcticStartup has more.

Knock, a three-year-old startup based in New York, has secured $12 million in Series A funding. The round was led by Craft Ventures, with participation from existing investors Afore Capital, Preface Capital, Worklife, Expa Ventures, CoFound Partners, and Tokyo Black. Knock provides a platform that enables developers to efficiently create and manage notifications for their applications. For more information, visit TechCrunch.

The Amsterdam-based startup Monumental, known for developing robots that automate bricklaying on construction sites, has recently secured $25 million in funding. The investment round was co-led by Plural and Hummingbird, with additional participation from renowned firms such as Northzone, Fundamental, and NP-Hard Ventures. More here.

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Smaller Fundings

Arch, a promising startup based in San Francisco, has secured a significant investment of $6.2 million in a seed funding round. By leveraging Arch's capabilities, contractors can generate precise proposals promptly, leading to increased sales conversions. The investment round was supported by a notable lineup of investors, including Coatue, Floodgate, Gigascale Capital, MCJ Collective, and ReGen Ventures. The substantial funding underscores the confidence in Arch's potential to transform the HVAC industry. TechCrunch has more.

Celadyne, a five-year-old Chicago-based startup, has secured $4.5 million in seed funding. The company is focused on enhancing fuel cell durability and electrolyzer efficiency to make hydrogen a viable fuel for heavy-duty and industrial sectors. The seed round was co-led by Maniv Ventures and Dynamo Ventures, with participation from EPS Ventures. For more information, visit TechCrunch.

Explurger, a three-year-old Delhi-based startup, has secured a $4.5 million Series A funding round. The round was led by Affle, valuing the company at $40 million pre-money, as reported by The Economic Times. The AI-powered platform allows users to document their travel experiences, track their visited places, and create a wishlist of future destinations. The Economic Times has more.

Getmobil, a six-year-old Istanbul-based startup specializing in the sale of refurbished electronics, including smartphones, has secured $4 million in a seed funding round. The round was led by Dutch Founder Fund and saw participation from notable investors such as 212, İşbank, TechOne, and Logo Ventures. For more details, please refer to Tech Funding News.

Guardrails AI, a San Francisco-based startup founded a year ago, has secured $7.5 million in seed funding. The company focuses on ensuring that companies' AI applications are secure, reliable, and aligned with their policies. The funding round was led by Zetta Venture Partners, with participation from Bloomberg Beta, Pear VC, Factory, and GitHub Fund. For more information, visit TechCrunch.

Helika, a rising Toronto-based startup specializing in analytics and tools for Web3 gaming companies, recently secured an impressive $8 million in a Series A funding round. The investment was spearheaded by Pantera Capital, with active participation from renowned venture firms such as Sparkle Ventures, Diagram Ventures, Sfermion, Scopely, and SciPlay. Under the guidance of Helika, Web3 gaming companies gain invaluable insights into player behavior, enabling them to optimize game development and refine marketing strategies.

Pacifico Biolabs, a three-year-old startup based in Berlin, has secured $3.3 million in pre-seed funding. The biotech company aims to leverage fermentation technology to develop sustainable alternatives to seafood. The funding round was co-led by Simon Capital and FoodLabs, with participation from Exceptional Ventures and Sprout & About Ventures. TechCrunch has more.

Ribbon, a year-old financial technology startup based in San Francisco, has secured $2.7 million in pre-seed funding. The company's platform streamlines the transfer of inherited accounts for financial institutions, allowing for faster and more efficient processing. More here. The funding round was co-led by One Way Ventures and Haymaker Ventures, with additional support from Bungalow Capital and Lynett Capital.

In Berlin, the two-year-old startup SimplyBlock announced that it had raised $2.7 million in seed funding. This round was led by 42CAP and joined by Antler  and Begin Capital. SimplyBlock is creating low-latency, high-performance cloud storage solutions specifically designed for database applications.  You can read more about their funding round in the article provided by Silicon Canals.

SocialCrowd, a Los Angeles-based startup focusing on improving employee performance through gamified incentives, has secured $1.6 million in funding. The funding round was led by Bread and Butter Ventures and saw participation from VC414, Serac Ventures, and Gala Capital Partners. TechCrunch has more details on the funding round.

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