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- Tech funding daily
Tech funding daily
Seven artificial intelligence startups collectively raised $175 million, and six fintechs secured a total of $291 million.
Welcome to our daily newsletter on tech funding. Here are the top recent deals.
TF Analytix team.
Reach out to us at [email protected].
Is the software recession over?? Nice discussion from @DavidSacks. In the episode they looked at one of the charts I put together that showed net new ARR growth YoY finally picking back up.
I wanted to dig a little deeper on the data behind that chart, and show how net new ARR… twitter.com/i/web/status/1…
— Jamin Ball (@jaminball)
3:23 AM • Dec 8, 2023
Funding deals:
Debt and growth
Liberis, a UK-based embedded business finance platform, has secured $112 million in debt financing led by HSBC Innovation Banking and BCI Capital. The funds will support Liberis' growth across Europe and expansion into new markets like Canada, Germany and Poland. Read more
Sharpen, a US-based early literacy assessment and intervention platform, raised $11 million in a growth funding round led by Learn Capital. The company provides personalized reading instruction targeted at struggling readers in grades K-2. The investment will support product expansion and business growth. Read more
Return has secured €100 million in growth equity led by Hartenlust Group. Return partners with entrepreneurial teams across Europe to scale renewable energy generation and storage projects. The funds will drive expansion into Germany, Belgium and other European markets. Read more
Pontera, a US fintech building retirement account management software, raised $60 million in a growth round led by ICONIQ Growth at a $550 million valuation. The company enables financial advisors to analyze, rebalance and monitor retirement accounts. The funds will support product development and customer growth. Read more
Pre-seed and seed
RYVER.AI, a German healthtech developing generative AI for medical imaging, secured €1.3 million in pre-seed funding led by Nina Capital. The company creates diverse synthetic radiology datasets to reduce bias and enhance performance of medical AI tools. The investment will advance RYVER's generative models and engineering team. Read more
Rhythms has raised $26 million in seed funding led by Greenoaks and Madrona, with participation from Accel and others. Rhythms is developing new enterprise software to optimize organizational performance. The investment will support the company's goal to transform productivity and the future of work. Read more
Sindri, an India-based zero-knowledge infrastructure platform, closed a $5 million seed round led by CoinFund with backing from several notable investors. The company provides developers with tools to build zero-knowledge applications securely. The funds will support product development and enterprise adoption. Read more
Instock has raised $3.2 million in seed funding led by the Amazon Industrial Innovation Fund and OneWay Ventures. Instock offers robotics-as-a-service solutions for warehouse fulfillment and inventory management. The investment will advance Instock's customer deployments and product roadmap. Read more
Liquid AI, a US startup building AI models using liquid neural networks, secured $37.6 million in seed funding led by OSS Capital and PagsGroup. The company says its adaptable AI architecture requires less data and infrastructure while enhancing reliability. The funds will support product development and commercialization. Read more
Sunsave has raised £5.4 million in seed funding led by Norrsken VC, with support from existing investors. Sunsave provides solar panels, batteries and installation with no upfront costs. The investment will drive product and business growth across the UK. Read more
Tomorro, a French contract management platform, secured €11 million in seed funding led by Resonance, with participation from Financière Saint James, Motier Ventures and others. Tomorro streamlines contractual processes for legal and operations teams through automation. The funds will drive growth, product innovation and international expansion plans. Read more
Triple has raised $7.5 million in seed capital led by TX Ventures, with support from Form Ventures, Portfolio Ventures and others. Triple enriches raw transaction data via API to help financial institutions provide insights to customers. The investment will advance Triple's data infrastructure globally. Read more
atla, a UK startup building tech to improve generative AI safety and reliability, generated £5 million in a seed round led by Creandum, with participation from Y Combinator and Rebel Fund. atla's goal is to enable ethical, transparent and robust AI systems, especially for high-stakes sectors like finance and healthcare. The funds will drive scaling and deployment of the company's innovations. Read more
PIMENTO, a French startup leveraging AI to enhance creativity, has secured €3 million in seed funding led by Partech and Cygni Capital, with support from business angels. PIMENTO's platform aims to aid creative professionals across industries like advertising, animation and branding. The investment will advance PIMENTO's generative models and hiring plans. Read more
Born Digital closed a €2.6 million seed round led by Seed Starter of Česká spořitelna and J&T Ventures, with participation from Erste Group. Born Digital transforms contact centers with its AI omnichannel platform. The funds will drive international expansion beyond the 7 countries where Born Digital currently operates. Read more
Helix by HL, a US alternative investments platform, secured $6 million in seed+ funding led by FINTOP Capital, with participation from TIFIN. Helix aims to simplify private market investing for wealth managers using AI and data from Hamilton Lane. The capital will accelerate product development and market presence. Read more
Settlement Intelligence, a US legal tech startup streamlining the settlement process, has secured an undisclosed seed investment from Verify Venture Studio. The company leverages AI to ingest injury and claims data in order to generate demand letters for legal teams. The funds will advance Settlement Intelligence's platform and market reach. Read more
DigitalPaani has raised $1.2 million in seed funding led by Elemental Excelerator, with support from Enzia, Peer Cheque and notable angel investors. DigitalPaani optimizes water treatment infrastructure operations through AI and IoT. The investment will drive adoption of its platform across metro regions in India. Read more
Music fan platform Renaissance has secured additional seed funding from lead investor Blockchain Founders Fund, as well as Panache Ventures. Based in Canada, Renaissance builds connections between artists and superfans. The capital will support 3x user growth and onboarding 1,000+ artists. Read more
Series A
Mulberri has raised $6.75 million in Series A funding led by Eos Venture Partners and Hanover Technology Management. The AI-driven embedded insurance platform provides policies for SMEs. Read more
Consumer insights platform Yogi announced $10 million in growth equity financing led by Blueprint Equity and ScOp Venture Capital. The funding will expand the platform for consumer goods companies. Read more
Poppy, a wedding flower booking and fulfillment platform, has raised $6.5 million in Series A funding led by Michigan Capital Network and IDEA Fund Partners. Read more
W4 Games announced $15 million in Series A funding led by OSS Capital to drive video game development with the Godot game engine. Read more
Sarvam AI has secured $41 million in Series A funding led by Lightspeed and Peak XV Partners to build a ChatGPT-like generative AI model for India. Read more
Identity access management company Opal Security raised $22 million in Series B funding led by Battery Ventures. Read more
Air Space Intelligence, which provides AI software to optimize flights, secured $34 million in Series B financing led by Andreessen Horowitz (a16z). Read more
Enterprise AI company AutogenAI raised $65.3 million in Series B funding led by Salesforce Ventures. Read more
Koa makes products from cacao fruit and raised €15 million in Series B funding led by LDN Fund. Read more
Inbound tourism platform WAmazing has raised over $31 million in Series C funding from multiple regional banks in Japan. Read more
Financial services company KOHO raised an additional $86 million led by Drive Capital, surpassing 1 million users. Read more
Hayden AI Technologies received a strategic investment from Mitsubishi Electric for its AI-powered traffic optimization technology. Read more
Polychain Capital and Hack VC led an $18 million funding round for Babylon, a Bitcoin staking protocol. Read more
Yseop received a strategic investment from Novartis to power clinical trials with its generative AI. Read more
Data observability platform Bigeye received a strategic investment from Alteryx Ventures. Read more
Digital coaching platform Elatra raised $200k in funding from undisclosed investors. Read more
SGNL.ai secured a strategic investment from M12 for its access management platform. Read more
Shooting range solutions provider Action Target received an investment from Praesidian Capital. Read more
Alternative asset platform company Mintus received a strategic investment from Eurobank Asset Management. Read more
Blackbird led a $47 million investment in generative AI startup Leonardo.ai. Read more
That’s it.