Tech funding daily

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

TF Analytix team.

Growth

• R&T Deposit Solutions, a USA-based financial technology company specializing in deposit solutions, secured growth funding on July 9, 2023. The investment was led by GTCR and Estancia Capital Partners. The exact funding amount was not disclosed. R&T Deposit Solutions offers tech-enabled liquidity management, deposit funding, and securities lending. Source

Pre-seed

• Testaify, a USA-based application development company, closed its pre-seed funding round on July 9, 2023. However, the funding amount and investors' details were not provided. Testaify specializes in an AI-driven software testing platform. Source

• Taurean Surgical, an India-based medical technology company, secured pre-seed funding on July 9, 2023. The investment was led by Beyond Tech VC and Durga Devi Maganti, with participation from US-based investors. The exact funding amount was not disclosed. Taurean Surgical is focused on developing a robot-assisted surgical microscope. Source

Seed

• Noetik, a USA-based healthcare technology company specializing in immuno-oncology, raised $14 million in seed financing on July 9, 2023. DCVC led the round, with participation from Zetta Venture Partners, 11.2 Capital, Catalio Capital Management, Epic Ventures, Intermountain Ventures, North South Ventures, CJNV BioVentures, Enveda, and Recursion. Noetik focuses on AI drug discovery for cancer immunotherapy. Source

• Streamforge, a Canada-based marketing technology company, raised $1.2 million in seed funding on July 9, 2023. Triptyq Capital led the round, with participation from Leansquare and Telegraph Hill Capital. Streamforge specializes in AI for influencer marketing for brands and publishers. Source

• Pynt, an Israel-based cybersecurity company, secured $6 million in seed funding on June 9, 2023. The funding was led by Joule Ventures, with participation from Dallas VC, Honeystone VC, Abhinav Asthana, and Tamir Carmel. Pynt provides an autopilot platform for API security. Source

• Renew Risk, a UK-based business intelligence company specializing in clean energy risk analytics, raised $1.7 million in seed funding. The round was led by Insurtech Gateway and One Planet Capital, with additional participation from the University of Surrey, Chris Adelsbach, and Rahul Munjal. Renew Risk offers risk assessment solutions for renewable energy assets. Source

• SaaSGrid, a USA-based business intelligence company, closed a seed funding round, raising $3.3 million on June 9, 2023. Craft Ventures led the round. SaaSGrid provides a data and analysis platform for SaaS metrics. Source

• MessageDesk, a USA-based marketing technology company, secured $1.6 million in seed funding on June 9, 2023. The round was led by Reno Seed Fund, with participation from AZ-VC, Acadian Capital Ventures, Arizona Tech Investors, Desert Angels, and Sierra Innovations Entrepreneur Fund. MessageDesk offers text messaging software. Source

Series A

• Gradient Denervation Technologies, a France-based medical technology company specializing in medical devices, closed a Series A funding round on July 9, 2023, raising €15 million. The round was led by Sabadell Asabys, with participation from Thuja Capital and Sofinnova Partners. Gradient Denervation Technologies focuses on a catheter-based solution for pulmonary hypertension treatment. Source

• Ello, a USA-based education technology company offering an AI-based reading coach, raised $15 million in a Series A funding round on July 9, 2023. Goodwater Capital led the round, with participation from Homebrew, Reed Hastings, Common Sense Growth, and Ravensburger. Ello provides the world's most advanced AI reading coach. Source

• Brine Fi, a UAE-based financial technology company specializing in cryptocurrency exchange, closed a Series A funding round, raising $16.5 million. The round was led by Pantera Capital and Elevation Capital, with participation from Starkware Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, and Protofund Ventures. Brine Fi operates a decentralized cryptocurrency exchange. Source

Series B

• Certa, a USA-based supply chain technology company focused on third-party risk management, raised $35 million in an oversubscribed Series B funding round on July 9, 2023. The investment was led by Fin Capital and Vertex Ventures SEAI, with participation from Point72 Ventures, BDMI, Aglae Ventures, Mantis VC, and GOAT Capital. Certa provides an all-in-one third-party management platform. Source

Series C

• CLARA Analytics, a USA-based artificial intelligence company specializing in insurance claims optimization, closed a Series C funding round on July 9, 2023, raising $24 million. The round was led by Spring Lake Equity Partners, with participation from Aspen Capital Group, Oak HC/FT, and QBE Ventures. CLARA Analytics provides AI technology for insurance claims optimization. Source

Venture

• OneH2, a USA-based energy technology company focused on hydrogen distribution and fueling, closed a venture funding round on June 9, 2023. Chevron led the round, with participation from Trafigura and The Papé Group. OneH2 specializes in hydrogen distribution and fueling. Source

• BFC Software, a USA-based supply chain technology company specializing in warehouse management, attracted strategic investment in a venture funding round on July 9, 2023. The specific investor details were not provided. BFC Software offers warehouse management and logistics software. Source

• Waste Robotics, a Canada-based robotics company focusing on waste management, secured venture funding of $7 million on July 9, 2023. The funding was provided by Mirova and Fondaction. Waste Robotics specializes in intelligent waste sorting using AI and robotics. Source

• Zenobe, a UK-based energy technology company specializing in battery storage and electric vehicle (EV) fleet solutions, secured venture funding of $1 billion on July 9, 2023. The investment was led by KKR and Infracapital, with participation from Jera and TEPCO Power Grid. Zenobe aims to electrify over 4,000 EVs by 2026. Source

That’s it.