Tech funding daily

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

TF Analytix team.

Funding deals:

Award and debt

Zapata AI has secured an award from DARPA, with collaboration from the University of Technology Sydney, University of Texas at Dallas, IonQ, and Aalto University. The $ amount for the award remains undisclosed. Zapata AI specializes in quantum computing and industrial generative AI software. The awarded funds will be utilized for quantum benchmarking. Read more

Netrality Data Centers has secured a $380 million sustainability-linked loan from JPMorgan, with participation from Societe Generale, TD Securities, Huntington Bank, and Goldman Sachs. Netrality Data Centers is the largest privately held owner and operator of core interconnection facilities in the U.S. The funds will support energy efficiency initiatives. Read more

Patriot Growth Insurance has secured additional capital through debt financing from Golub Capital, with participation from Antares Capital. The insurance technology company, one of the nation’s largest and fastest-growing insurance agencies, has raised $500 million. The funding will support Patriot Growth Insurance Services' continued rapid growth. Read more

Growth

DataBank has raised $533 million in a growth round. The details about the investors remain undisclosed. DataBank is a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services. The funds will be used to finance new data center developments. Read more

NOLEJ has raised €3 million in growth funding from Educapital and Square Knowledge Ventures. NOLEJ operates in education technology, focusing on AI for teachers. The platform puts AI at the service of teachers, and the funds will be used to accelerate its development. Read more

Soplaya has secured €12.5 million in growth funding from Sinergia Venture Fund, P101, Azimut, CDP Venture Capital, and Intesa San Paolo. Soplaya operates in food technology, providing a digital procurement channel for restaurants. The funds will be used to revolutionize the restaurant supplies industry. Read more

ThinkCyte has raised $24 million in growth funding led by Nomura SPARX Investment, with participation from Sumitomo Mitsui Trust Bank, Tokyo Century, Toyoda Gosei, Sumitomo Mitsui Trust Investment, Itochu Technology Ventures, and Realtech Fund. ThinkCyte operates in healthcare, focusing on medical devices. The funds will be used to accelerate growth. Read more

Pre-seed and Seed

Monterra has raised $2.5 million in a pre-seed funding round led by Base10 Partners, with participation from Future Climate Venture Studio and Very Serious Ventures. Monterra operates in energy technology, specifically in EV charging. The funds will be used to accelerate EV charging design and planning. Read more

Trukko has raised pre-seed funding. The details about the investors and the funding amount remain undisclosed. Trukko operates in supply chain technology, providing transportation and warehouse solutions. The startup aims to enhance logistics and warehouse operations. Read more

CoordinateHQ has raised $5.5 million in seed funding led by Initialized Capital and Webb Investment Network. CoordinateHQ operates in ERP, providing a collaboration platform. The funds will be used to further develop the project management system for client service organizations. Read more

LegalFly has secured over €2 million in seed funding from Redalpine. LegalFly operates in legal tech, specializing in AI contract review. The funds will be used to advance the development of the AI contract review platform. Read more

Prelude has raised $5.2 million in seed funding led by Rackhouse Ventures and Casa Verde. Prelude operates in supply chain technology, focusing on the cannabis ecosystem. The company provides an AI-powered supply chain solution for the cannabis industry. Read more

Setter has raised $5 million in seed funding led by Andreessen Horowitz, with participation from Marcy Ventures Partners, Superlayer, Thirty Five Ventures, and Serena Williams. Setter operates in blockchain, providing Web3 onboarding solutions. The funds will be used to explore Web3 commerce through a consumer app for brands. Read more

Solfium has raised $3 million in seed funding. The details about the investors remain undisclosed. Solfium operates in climate technology, specializing in solar technology. The funds will be used to further develop and expand the solar technology startup. Read more

Vimcal has raised $4.5 million in seed funding led by Altos Ventures. Vimcal operates in ERP, providing a calendar app designed for remote workers. The funds will be used to enhance and expand the calendar app's offerings. Read more

Series A

Carbo Culture has raised $18 million in Series A funding led by GenZero and True Ventures, with participation from Tesi. Carbo Culture operates in climate technology, focusing on carbon removal solutions. The funds will support the pioneering carbon removal technology developed by the company. Read more

Flow48 has secured $25 million in pre-Series A funding led by Speedinvest, with participation from Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, TLG, and Scott Sandell. Flow48 operates in fintech, providing revenue-based financing to SMEs. The funds will be used to provide upfront financing to small and medium-sized enterprises. Read more

HempStreet has raised $1 million in pre-Series A funding from Carl Waahlin, Andre Rodrigues, SE Asia HNIs, and Abhishek Mohan. HempStreet operates in healthcare technology, focusing on medicinal cannabis. The funds will support the growth of the ayurvedic cannabis startup. Read more

Cloudsmith has secured $11 million in Series A funding from MMC Ventures. Cloudsmith operates in supply chain technology, specializing in software supply chain management. The funds will be used to further develop and expand the company's software supply chain management solutions. Read more

HANG has raised $9.2 million in Series A funding led by The Operating Group, with participation from Clara Vista Investment Partners, Ratner Ventures, Brown Angel Group, and Anthony Baranello. HANG operates in entertainment, providing a direct-to-consumer sports platform. The funds will fuel growth for Gen Z fans, enabling them to interact with their sports heroes on livestreams. Read more

Jala has raised $13.1 million in Series A funding led by Intudo Ventures, with participation from Sinar Mas Digital Ventures, Mirova, and Meloy Fund. Jala operates in agricultural technology, specifically in shrimp farming. The funds will be used to further develop Jala as a digital enabler for the shrimp industry. Read more

Mozaic has raised $20 million in Series A funding led by Volition Capital. Mozaic operates in financial technology, providing a payments platform for co-creators. The funds will be used to enhance and expand the creator payments platform. Read more

PayGround has announced an oversubscribed Series A funding round of $19.7 million led by SixThirty. The round also saw participation from Rally Ventures, IA Capital Group, FCA Venture Partners, and Plug and Play Ventures. PayGround operates in financial technology, specializing in healthcare payments. The funds will be used to further develop its healthcare fintech payments platform. Read more

Pika, an AI company in the field of video making and editing, has raised $35 million in a Series A funding round led by Lightspeed Venture Partners. The round also saw participation from Nat Friedman, Daniel Gross, Elad Gil, Andrej Karpathy, Clem Delangue, Craig Kallman, Alex Chung, Homebrew, Conviction Capital, and Ben’s Bites. The funds will be used to redesign video making and editing through the AI platform developed by Pika. Read more

Sendabox has raised €5.25 million in a Series A funding round led by Italmondo and Supernova Hub, with participation from Banca Intesa Sanpaolo and Banca Centropadana. Sendabox operates in supply chain technology, providing an online logistics platform. The funds will be used to enhance and expand the online logistics platform. Read more

Series B

Candex has announced a $45 million Series B funding round led by Goldman Sachs Asset Management. Candex operates in ERP, specializing in vendor management and tail spend solutions. The funds will be used to solidify the company's leadership in tail spend management. Read more

Lassie has raised $23 million in a Series B funding round led by Balderton Capital, with participation from Felix Capital, Inventure, Passion Capital, and Philian. Lassie operates in the insurance sector, providing bespoke insurance products for pets along with coaching for owners. The funds will be used to expand Lassie's offerings in the pet insurance market. Read more

Oxford Quantum Circuits has announced a $100 million Series B funding round led by SBI Investments, with participation from Oxford Science Enterprises, University of Tokyo Edge Capital Partners, Lansdowne Partners, and OTIF. Oxford Quantum Circuits operates in quantum computing. The funds will support the company's advancements in the field of quantum computing. Read more

Pineapple has secured $21.3 million in a Series B funding round led by Futuregrowth, with participation from Talent10, MIC, Old Mutual ESD, Lireas Holdings, ASISA ESD Fund, and E4E Africa. Pineapple operates in insurance technology, providing insurance services. The funds will be used to further develop and expand Pineapple's insurance offerings. Read more

Second Front Systems has raised $40 million in a Series B funding round led by NEA, with participation from Moore Strategic Ventures and AE Industrial Partners HorizonX. Second Front Systems operates in ERP, focusing on public sector software delivery. The funds will be used to accelerate the delivery of mission-critical software solutions to the government. Read more

Venture

Farcana has received investment from Animoca Brands in a venture funding round. The details about the funding amount and other investors remain undisclosed. Farcana operates in the entertainment sector, with a focus on video games. The investment will support the development of an upcoming tactical shooter video game. Read more

Hololight has secured $12 million in venture funding led by Flatz Hoffmann, with participation from EnBW New Ventures, Bayern Kapital, and Future Energy Ventures. Hololight specializes in AR/VR and operates an XR streaming platform. The funds will be used to fast-track the development of XR streaming solutions. Read more

Intrigue Media has raised $1.75 million in venture funding led by Autumn Road Capital. Intrigue Media operates in the entertainment sector, providing a media brand that explains global news stories and why they matter. The funds will be used to further develop and expand Intrigue Media's offerings, including newsletters and podcasts. Read more

Rad has announced significant follow-on funding from Ayre Ventures in a venture funding round. The details about the funding amount and other investors remain undisclosed. Rad operates in the entertainment sector, providing an innovative video streaming platform for Web 3. The funding will support the launch of video publishing on the BSV blockchain. Read more

Savage Medical has exited stealth mode with over $3 million in venture funding led by Synergy Ventures and Life Science Angels, with participation from AlwaysraiseVC. Savage Medical operates in healthcare technology, specializing in medical devices. The funds will be used to enable minimally invasive colorectal tumor removal through the company's medical technology. Read more

That’s it.