Tech funding daily

Welcome to our daily newsletter on tech funding. Here are the top recent deals.

TF Analytix team.

Data snippet

More than 1200 funding deals have been announced so far this quarter, already higher than last quarter, which recorded 1166 investments in tech, according to TF Analytix data. In terms of money raised, startups need to raise $15 billion more in Q4 to match last quarter’s tally of $43 billion. In Q3, there were seven deals worth $1 billion or more, versus just three so far this year.

Funding deals:

Pre-seed and seed

Cannarma has raised $2.04 million in a pre-seed funding round led by Praveen Kaushik and Amity Innovation Incubator. Cannarma operates in healthcare technology, focusing on medicinal cannabis. The R&D organization is licensed to manufacture and sell Ayurvedic goods containing cannabis/hemp. The funding will be utilized to support research and development efforts. Read more

CatX Raises has raised $2.7 million in seed funding for its alternative capital risk exchange platform. The funding details, including investors, remain undisclosed. CatX operates in financial technology, focusing on risk management. The startup aims to provide an alternative capital risk exchange. Read more

Floy has raised $5.9 million in seed funding from HV Capital, All Iron Ventures, 10xFounders, xdeck ventures, and SB21. Floy operates in healthcare technology, specifically medical imaging and radiology. The startup empowers radiologists to deliver better diagnostics using AI. The funds will be used to enhance Floy's AI solutions in radiology diagnostics. Read more

Mettle has raised £12.6 million in seed funding from Elbow Beach Capital, Dan Cobley, and Daniel Macklin. Mettle operates in healthcare technology, providing a mental fitness app for men. The app is designed to support mental well-being. The funds will be used to expand Mettle's mental health app offerings. Read more

Earlywork has secured $1.5 million in seed funding from No Brand, Jelix Ventures, Archangel Ventures, Ultraviolet Ventures, and other investors. Earlywork operates in education technology, providing sales training. The edtech startup focuses on offering tech sales bootcamps to create job-ready sales talent. Read more

Waspito Waspito has secured a $2.5 million seed extension led by DP World (through Newtown Partners). The health-focused social network allows users to access and consult with verified doctors over video calls. The additional funds will be used to further develop and expand Waspito's telemedicine platform. Read more

Series A

Aptus.AI has secured €3.3 million in pre-Series A funding from Programma 103 by VC P101 Sgr. Aptus.AI operates in regulatory technology, specifically LegalTech, offering a platform to revolutionize the accessibility and usability of legal documents. The funds will be used to further develop Aptus.AI's legal document handling platform. Read more

Entropica Labs has raised Series A funding with participation from CerraCap Ventures. The exact funding amount and other details remain undisclosed. Entropica Labs is involved in technology, specifically quantum computing. The venture capital firm is investing in startups related to quantum computing. Read more

Lendela has raised $5 million in Series A financing from Chocolate Ventures, Cocoon Capital, Phillip Private Equity, Genting Ventures, and others. Lendela operates in financial technology, focusing on lending. The digital loan matchmaker connects borrowers with loan options. The funds will be used for the company's expansion. Read more

iPeakoin has raised nearly $10 million in Series A funding led by ZhenFund. iPeakoin operates in financial technology, specifically neobanking. The innovative neobank is building solutions across traditional finance and crypto. The funds will support the growth of iPeakoin's neobanking solutions. Read more

Advanced Electric Machines has raised £29 million in Series A funding from Legal & General Capital, Barclays Sustainable Impact Capital, Northstar Ventures, Low Carbon Innovation Fund 2, and Turquoise Capital LLP. The company designs and manufactures sustainable electric motors without rare-earth magnets and copper windings. The funding will support the development of metal-free, sustainable EV motors. Read more

Scapia has raised $23 million in Series A funding led by Elevation Capital, 3STATE Ventures, Matrix Partners India, Tanglin Venture Partners, and others. Scapia operates in financial technology, specifically credit cards and consumer finance. The travel fintech offers a co-branded credit card that turns everyday expenses into travel rewards. The funds will be used for Scapia's expansion. Read more

Baaz Bikes has secured Series A funding with participation from BIG Capital, Rakuten Capital, Kalaari Capital, 9Unicorns, and Sumant Sinha. Baaz Bikes operates in automotive technology, focusing on electric vehicles. The electric mobility company manufactures electric two-wheelers. The funds will be used for product innovation and network expansion. Read more

Series C, strategic and venture

ZeroAvia has completed a Series C funding round, raising $116 million. The round was led by Airbus and included participation from Barclays Sustainable Impact Capital, NEOM Investment Fund, UK Infrastructure Bank, Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures, and Amazon Climate Pledge Fund. ZeroAvia is focused on aerospace technology, specifically aviation/aerospace. The company is developing hydrogen-electric aircraft engines to deliver clean commercial aviation. Read more

Versus Systems has announced a strategic investment from Cronus Equity Capital Group. The investment amount and other details remain undisclosed. Versus Systems operates in the entertainment sector, developing interactive entertainment products. The strategic investment will support Versus Systems' continued growth. Read more

Neuralink has raised venture funding with participation from Founders Fund and 32 other investors, including Peter Thiel. Neuralink operates in healthcare technology, specifically brain-computer interface. The company is developing implantable brain chips that can read brain signals. The funding will support Neuralink's efforts in advancing brain-computer interface technology. Read more

Interesting reads: