Tech funding daily

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

TF Analytix team.

Strategic and venture

Amazon and Anthropic, a startup specializing in conversational AI, have announced a strategic collaboration aimed at advancing generative AI technologies. As part of the agreement, Amazon will make a $4 billion investment in Anthropic for a minority stake. Anthropic has developed the conversational AI assistant Claude, and this collaboration seeks to further develop generative AI capabilities. Amazon's involvement reflects its dedication to AI innovation. Read more

Japanese company Toyoda Gosei Co., Ltd has made a strategic investment in Pyrenee Inc., a startup focused on developing safe driving assist devices. Toyoda Gosei Co., Ltd is a major player in the automotive technology sector. This investment reflects their commitment to enhancing road safety through innovative technology. Read more

U.S.-based Sensible Weather, a climate technology startup, has announced a strategic investment from Amex Ventures. Sensible Weather specializes in weather data and offers a climate finance platform for travel and events affected by weather. This investment will support the company's mission to provide climate-related financial services. Read more

South Korean digital stationery platform WeBudding has received a strategic investment of $1.9 million (KRW 2.5 billion) from Goodnotes, a global player in digital paper. This partnership aims to enhance the digital stationery selection available to Goodnotes users, offering a more robust and versatile experience. Read more

Canadian startup Oneka Technologies has closed the first tranche of its Series A funding, securing $12.5 million. The investment round was led by Horizon Capital Holdings and included participation from AQC Capital and other investors. Oneka Technologies focuses on wave-powered, zero-emissions desalination technology, providing sustainable solutions to freshwater scarcity. Read more

Israeli startup CoinScan has successfully raised $6.3 million in venture funding. Notable individual investors participated in the round. CoinScan specializes in digital asset analytics, providing valuable insights for the cryptocurrency industry. This investment will empower the company to expand its analytics platform and contribute to the growing blockchain and cryptocurrency ecosystem. Read more

Pre-seed

Deltafour, an India-based manufacturing technology startup, has successfully secured pre-seed funding from EvolveX and WFC, along with support from angel investors. The undisclosed amount of funding will be used to advance their unified process digitalization platform. This innovative technology aims to streamline manufacturing processes and enhance efficiency in the industry. Read more

Switzerland-based Pimlico has announced the successful closure of a $1.6 million pre-seed funding round led by 1confirmation, with participation from Safe, Consensys, and angel investors. Pimlico is focused on developing blockchain infrastructure for Ethereum smart accounts, aiming to bolster the capabilities of decentralized applications. The funding will be instrumental in furthering their mission. Read more

Seed

Katalys, a U.S.-based marketing technology startup, has secured $5.4 million in seed funding from investors including KEY Investment Partners, WGD Capital, and GreenAxs Capital. The company specializes in affiliate marketing and offers a commerce media platform for publishers and affiliate marketers. This investment will aid Katalys in expanding its services and market presence. Read more

Mona Lee, a North American energy technology startup, has raised $3.25 million in seed funding, led by Ludlow Ventures, Shrug VC, Palm Tree Crew, Coalition Operators, and Plug and Play Ventures. The company focuses on providing affordable solar installation solutions for homeowners. With this funding, Mona Lee aims to accelerate its mission of making solar energy more accessible. Read more

Belgium-based Awell has announced a successful seed funding round, raising $5 million with participation from Octopus Ventures, S16, and Lord David Prior. Awell operates in the healthcare technology sector and specializes in clinical workflow platforms. This funding will be pivotal in further developing their digital health solutions for clinical workflows. Read more

Portugal-based startup Oscar has secured $1.1 million in seed funding in a round led by Lince Capital. The round also saw participation from Olispo Way, Tony Honkanen, Humberto Ayres Pereira, and others. Oscar operates a home services mobile app, focusing on home repair and maintenance solutions. This funding will support Oscar's mission to improve home services accessibility. Read more

TeachMe.To, a North American education technology startup, has successfully raised $2 million in seed funding. The investment round was led by 1984 Ventures, with support from Common Metal, Alumni Ventures, and angel investors. TeachMe.To operates an online learning marketplace, connecting learners with local coaches. This funding will help expand their lesson hub and support beginner athletes in various disciplines. Read more

Layup, a North American financial technology startup, has secured $2.3 million in seed financing. The funding was provided by Continental Investment Partners and other investors. Layup specializes in a prize-linked savings app designed for sports fans. This capital injection will assist Layup in expanding its platform for encouraging savings. Read more

New York-based Canid has successfully raised $1.5 million in funding to support its vaccine workflow automation solutions. The investment round, led by SeedtoB Capital, also saw participation from FJ Labs, Alumni Ventures, I2BF, and MKT1. Canid focuses on streamlining vaccine management for clinics, a vital aspect in the healthcare industry. This funding will aid in further developing their technology. Read more

Mural Health, a North American healthcare technology startup, has secured $8 million in seed funding to advance its clinical trial participant management platform. The funding round was led by Bessemer Venture Partners, with support from Virtue VC, Operator Partners, and others. Mural Health's platform aims to enhance the efficiency of clinical trials. This substantial investment will accelerate the growth of the company. Read more

U.S.-based Genus AI has successfully secured $6 million in seed funding from an undisclosed U.S. social media platform, Aleph Group, and angel investors. Genus AI specializes in generative AI for e-commerce brands. This funding will support the company's efforts to provide innovative solutions in the e-commerce sector. Read more

Series A

UK-based Cygnetise has announced the successful completion of a Series A funding round, raising $2.5 million. The investment round was led by Adjuvo and included participation from existing investors. Cygnetise specializes in digital signatory management solutions built on blockchain technology. This funding will aid the company in deploying blockchain for authorized signatory sharing. Read more

Austrian food technology startup Kern Tec has raised a significant €12 million in a Series A financing round. The round was led by Telos Impact and PeakBridge Growth 2, with support from the European Innovation Council. Kern Tec is focused on producing dairy alternatives using fruit pits. This funding will accelerate their mission to provide sustainable and nutritious food options. Read more

Swedish startup Skyqraft has secured $3.8 million in Series A funding to further develop its AI platform for energy grid infrastructure inspection. Subvenio Invest led the investment round, with participation from Neptunia Invest and Antler. Skyqraft's AI technology is poised to revolutionize the inspection of energy grid infrastructure. This funding will support the company's growth and innovation in the energy technology sector. Read more

Swedish fintech company Swimbird has announced a successful Series A funding round, raising an impressive $30 million. The round was backed by the Hagströmer family, Harry Klagsbrun, Caspar Callerström, and others. Swimbird specializes in fintech solutions for investment aggregation and reporting. This substantial funding will further enable the company to expand its market presence and technological initiatives. Read more

French climate technology startup 4.71 has secured €1.4 million in Series A financing from UI Investissement and Caisse Régionale de Crédit Agricole Centre France. 4.71 offers a software-as-a-service (SaaS) platform for carbon accounting, assisting companies in their sustainability efforts. This funding will empower the company to continue developing its solutions for carbon accounting. Read more

Barcelona-based Solfy has successfully secured €1 million in funding to bolster its growth in the photovoltaic market. Ona Capital led the investment, which aims to fuel the expansion of Solfy's solar energy marketplace. The company is making strides in renewable energy solutions with this substantial investment. Read more

KYP.ai, a German business intelligence startup, has raised an impressive €17.5 million in Series A funding. OTB Ventures led the round, with participation from 42CAP, Tola Capital, and others. KYP.ai focuses on business productivity software solutions. This substantial investment will support the company's global expansion and the development of its features. Read more

Canadian startup GeologicAI has announced $10 million in additional funding, with Breakthrough Energy Ventures leading the investment. Export Development Canada and existing investors also participated. GeologicAI specializes in digital rock analysis platforms for the mining industry. This funding will accelerate the global expansion of its rock analytics platform. Read more

U.S.-based semiconductor startup Falcomm has successfully closed a $4 million funding round. The funding was used to develop power amplifiers for wireless devices. Falcomm aims to compete with industry incumbents like Qualcomm and Broadcom. The investment will enable Falcomm to advance its technology for improved signal processing and wireless communications. Read more

German startup Traceless Materials has bolstered its funding with €36.6 million to develop an eco-friendly plastic alternative from agricultural byproducts. The funding round, led by UB Forest Industry Green Growth Fund, also included support from SWEN CP, GLS Bank, and existing investors. Traceless Materials is making significant strides toward sustainable materials. Read more

Scottish startup Continuum Industries has raised $10 million in Series A funding to accelerate energy infrastructure planning with AI. Singular led the round, with participation from Credo, Playfair, Techstart, and angel investors. Continuum Industries specializes in AI solutions for energy infrastructure planning. This funding will further support the development of AI technologies in the energy sector. Read more

German startup Traceless Materials has raised €36.6 million in Series A funding for its bioplastic alternative made from agricultural byproducts. The investment round was led by UB Forest Industry Green Growth Fund and included support from SWEN CP and other investors. Traceless Materials aims to revolutionize the plastic industry with sustainable alternatives. This substantial funding will further their mission. Read more

U.S.-based PredictionStrike has successfully secured $10 million in Series A funding for its athlete stock trading app. Bullpen Capital led the investment, with support from various stakeholders. PredictionStrike offers an innovative platform for trading stocks tied to athletes' performance. This funding will enable the company to expand its presence in the sports investment market. Read more

Series B

Indian entertainment startup Eloelo has secured $22 million in a Series B funding round led by Courtside Ventures and Griffin Gaming Partners. Additional participation came from MIXI and other investors. Eloelo operates an interactive live streaming platform, enhancing the user experience. This substantial funding will further fuel their growth in the live streaming sector. Read more

Indian agricultural technology startup Ergos has successfully raised $10 million in Series B funding. The round was led by Abler Nordic and included participation from Aavishkaar Capital, Chiratae Ventures, and Trifecta Venture Debt Fund. Ergos enables farmers to convert grains to digital assets for better sales, contributing to the modernization of post-harvest management. Read more

U.S.-based startup Diligent Robotics has raised $25 million in Series B funding for its autonomous service robots designed for hospitals. Canaan led the round, with participation from DNX Ventures, True Ventures, Next Coast Ventures, and Northwestern Medicine Innovation. Diligent Robotics aims to enhance healthcare services with its socially intelligent service robots. This funding will support the company's mission to scale its robot deployment. Read more

French automotive technology startup Angell Mobility has secured $20 million in Series B funding. The investment round was led by Jaina Ventures, with support from SEB, Bpifrance, CMA-CGM, and others. Angell Mobility specializes in electric bike manufacturing, contributing to sustainable transportation solutions. This significant funding will aid the company in expanding its range of electric bikes and distribution. Read more

French startup Pitchy has achieved one of the largest SaaS funding rounds in France in 2023, raising $40 million in Series B funding. Seventure Partners led the round, with participation from Isatis Capital and Entrepreneur Invest. Pitchy specializes in video creation SaaS for enterprises, simplifying the creation of video content. This substantial investment will further propel the company's growth in the enterprise market. Read more

German HR technology startup PowerUs has secured €24 million in Series B financing. The funding round was led by Eurazeo, with participation from General Catalyst, Headline, and HV Capital. PowerUs operates a job platform specifically designed for skilled trades. This substantial funding will support the company's mission to connect skilled workers with job opportunities. Read more

European corporate learning startup Lepaya has secured €38 million in Series B funding. Endeit Capital led the round, with support from Educapital, Mars Growth Capital, and Liquidity Capital. Lepaya specializes in AI-powered corporate learning platforms, revolutionizing workplace training. This significant investment will empower the company to revolutionize corporate learning experiences. Read more

Austrian startup Storebox has achieved one of the largest funding rounds in Austria in 2023, raising over €67 million in Series B financing. The funding round was used to develop fully digitized urban self-storage solutions. Storebox is making self-storage accessible 24/7 with its innovative approach. This substantial investment will support the expansion of its urban storage units. Read more

UK-based fintech company Timeline has secured $10 million in Series B funding and surpassed $3 billion in assets under management (AUM). The round was led by BlackFin Capital Partners. Timeline specializes in financial planning software for advisors, helping them better manage their clients' retirement income. This funding will support the company's continued growth and innovation. Read more

Series C

Swiss startup H55 has secured CHF 45 million in Series C funding for its certified electric propulsion technologies in aviation. ND Capital led the round, with participation from Tippet Venture Partners, RTX Ventures, and private backers. H55's innovations aim to revolutionize electric aviation propulsion systems. This funding will accelerate the development of safe and sustainable aviation solutions. Read more

German startup Numa Group has successfully secured $59 million in Series C funding for its digital hospitality platform. Verlinvest led the round, with participation from existing investors. Numa Group is poised to transform the digital hospitality industry. This substantial investment will further enhance their capabilities in delivering next-level digital experiences. Read more

Interesting reads: