Tech funding daily

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

TF Analytix team.

Data snippet

So far this month, automotive technology companies secured most funding, $1.8 billion, across just eight rounds, followed by fintech with $1.3 billion across 46 rounds and AI with $725 million across 21 rounds.

The deals:

Pre-seed

CarpeCarbon has raised €1.8 million in a pre-seed funding round led by CDP Venture Capital's Tech4Planet initiative, alongside 360 Capital, Club Degli Investitori network, and PiemonteNext co-investment fund. CarpeCarbon focuses on developing Direct Air Capture technology aimed at removing carbon dioxide from the atmosphere for industrial applications. Read more

Tech Spark AI has successfully closed a $1.4 million pre-seed funding round, featuring investment from TD Bank, Salesforce, the Canadian government, and NBA Canada. The funds will support the development of Spark Plug, an artificial intelligence platform focused on translating classic literature into modern language. Read more

Rho Labs has secured £2.2 million in a pre-seed funding round led by Speedinvest, with participation from Keyrock, Re7 Capital, Daedalus Collective, and Dmitry Tokarev. Rho Labs specializes in developing the Rho Protocol, designed for on-chain interest rate futures and swaps market. Read more

Artifact Lab, a USA-based startup, has closed a $2 million pre-seed funding round, featuring investment from RW3 Ventures, IOSG Ventures, Raptor Group, Cypher Capital, and HerculesDAO. The company focuses on providing an in-game user profile and monetization platform. Read more

Proxima Fusion has extended its pre-seed funding round, securing an additional €8.2 million. The funding comes from unicorn founders, family offices, and industry leaders. Proxima Fusion is actively engaged in developing fusion power plants using quasi-isodynamic stellarator configuration. Read more

Artisan AI, a UK-based startup, has raised £2.3 million in a pre-seed funding round led by Bayhouse Capital, with participation from Oliver Jung and Y Combinator. Artisan AI specializes in creating digital workers to automate end-to-end workflows. Read more

Seed

Every.io, a USA-based startup, has raised $9.5 million in a seed funding round led by Base10. The funding also saw participation from various investors. Every.io provides an all-in-one platform for corporate money management, HR, payroll, benefits, accounting, and taxes, catering specifically to startups. Read more

Morf Health, a USA-based healthcare technology company, has successfully secured a seed funding round with participation from LaunchNY, Formus Capital, Asymmetric Capital Partners, and several individual investors. Morf Health focuses on providing a platform to connect healthcare tools, synchronize patient data, maintain a unified view of patients, and streamline operations. Read more

CFX Labs has closed a substantial $9.5 million seed funding round led by Shima Capital. The funding also includes participation from Decasonic, Antalpha, CMT Digital, Corazon Capital, Hard Yaka, Kraken Ventures, New Form Capital, Metropolitan Capital Bank & Trust. CFX Labs specializes in providing a payment platform for instant fiat transfers and stablecoin settlements on a global scale. Read more

Kinto has successfully raised $5 million in a seed funding round led by Kyber Capital Crypto. The round also saw participation from Spartan Group, Parafi, Skybridge, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane, Robot Ventures. Kinto specializes in providing the first KYC'd Layer 2 blockchain on Ethereum, catering to financial institutions and decentralized protocols. Read more

Dwellsy has secured $11.5 million in a seed funding round led by Ulu Ventures. The funding also includes contributions from the University of Chicago, Frontiers Capital, Heroic Ventures, NJP Ventures, Blackhorn Ventures, Gaingels, and BCG Angels. Dwellsy operates a rental marketplace providing comprehensive data and listings for users. Read more

Martian has raised $9 million in a seed funding round led by NEA (New Enterprise Associates). Other participants include Prosus Ventures, Carya Venture Partners, and General Catalyst. Martian focuses on providing a Model Router API using Model Mapping technology to optimize routing queries to AI models. Read more

Tradespace has secured $4.2 million in a seed funding round led by Eniac Ventures. Additional participants include Abstract Ventures, Amplo VC, and Scrum Ventures. Tradespace specializes in providing an AI-powered intellectual property management platform. Read more

Canopy has raised $4 million in seed funding led by Kindred Ventures and Village Global. Canopy focuses on delivering a no-code data integration and observability platform. Read more

Gravity has raised an undisclosed amount in a seed funding round led by GV (Google Ventures). Gravity specializes in providing electric vehicle charging equipment that interfaces with electrical grids. Read more

Qevlar AI has closed a seed funding round raising €4.9 million. The round was led by EQT Ventures, with participation from Olivier Pomel, Mehdi Ghissassi, Florian Douetteau. Qevlar AI is focused on providing an automated security incident analysis solution using generative AI. Read more

Tanda has raised $4.5 million in a seed funding round led by Initialized Capital, with participation from Arc. Tanda specializes in providing a financial health platform using a rotating savings model. Read more

Series A

Efenco has secured €4.9 million in a Series A funding round led by Ivo Remmelg for EstBAN Syndicate, with support from the European Innovation Council. Efenco is focused on developing Cold-Plasma-Assisted Carbon Neutral Combustion (CPA PAC) technology for industrial heat production with the aim of reducing carbon emissions. Read more

Ingenious.Build has raised $37 million in a Series A funding round led by Morpheus Ventures and Navitas Capital, with participation from Koch Real Estate Investments, American Family Ventures, JLL Spark Global Ventures, and Crow Holdings. Ingenious.Build provides end-to-end project management, data, automation, and real-time insights for real estate development and construction. Read more

Inclusively has raised $13 million in a Series A funding round led by Firework Ventures and Benson Capital. The funding also includes participation from other investors. Inclusively specializes in providing a workplace personalization platform to help companies scale accommodations and flexibility for employees. Read more

SWITCH Maritime has raised $10 million in a Series A funding round led by Nexus Development Capital. SWITCH Maritime focuses on developing electrified, zero-emission battery and hydrogen fuel cell-powered ferries. Read more

AireXpert has secured $3 million in an oversubscribed Series A funding round led by Reformation Partners. The round also included participation from LaunchNY. AireXpert specializes in providing aerospace and aviation collaboration and automation solutions for airlines and MROs. Read more

Deep Sky has closed a significant Series A funding round, raising $54.6 million. The funding was led by Brightspark Ventures and Whitecap Venture Partners, with participation from Investissement Québec, OMERS Ventures, and the BDC Climate Tech Fund. Deep Sky is actively involved in developing gigaton-scale carbon removal projects using direct air capture and other technologies. Read more

Virdee has raised $12.4 million in a Series A funding round led by Moneta Ventures. Other participants include Silverton Partners, Koch Real Estate Investments, Alumni Ventures, DJR Advisors, and Capital Factory. Virdee specializes in providing automated check-in technology for hotels. Read more

Sunnyside has secured $11.5 million in a Series A funding round led by Motley Fool Ventures. The round also saw participation from Will Ventures, Uncork Capital, Offline Ventures, Joyance Partners, Wisdom Ventures, Eudemian Ventures, Adjacent, Scribble Ventures, Cooley LLP, and Michael Lee. Sunnyside specializes in providing an app to promote mindful drinking habits using AI-powered coaching. Read more

Inito has raised $6 million in a Series A funding round led by Fireside Ventures. The funding also includes support from Y Combinator, Varsha Rao, physicians, and family offices. Inito focuses on providing an at-home fertility tracking monitor that enables quick measurement of multiple hormones. Read more

Lynx has announced a Series A funding round raising €18.4 million, led by Forgepoint Capital and Banco Santander. Lynx specializes in providing AI software for financial institutions to detect and prevent fraud and financial crimes. Read more

Series B

Leap has raised $16 million in a Series B funding round with participation from Presidio Ventures. Leap provides a software platform that enables access to energy markets for battery storage systems, EV charging, smart thermostats, and other distributed energy resources. Read more

Upway has closed a Series B funding round, raising $30 million. The round was led by Korelya Capital and included participation from Sequoia Capital, Exor Ventures, and the European Climate Fund Transition. Upway operates an e-bike marketplace for buying, selling, and educating about e-bikes. Read more

Databeyond Technology has raised almost $100 million in a Series B funding round led by Sequoia China, with support from Fortune Capital and Matrix Partners China. Databeyond Technology specializes in providing AI-based waste sorting equipment. Read more

Boreas Technologies has secured $12 million in a Series B funding round. The round was led by undisclosed investors. Boreas Technologies specializes in haptic semiconductor platforms for consumer and industrial applications. Read more

Pineapple has closed a Series B funding round, raising $21.3 million. The round was led by Futuregrowth and included participation from Talent10, MIC, Old Mutual ESD, Lireas Holdings, ASISA ESD Fund, and E4E Africa. Pineapple provides cost-effective insurance solutions. Read more

Strategic and venture

Global Blue, a retail technology company specializing in tax-free shopping, has secured a strategic equity investment of $100 million from Tencent. Global Blue provides technology and payments solutions for retailers and shoppers. Read more

Odele, a consumer goods startup in the clean hair care sector, has taken on a minority investment from Stride Consumer Partners. Odele focuses on providing clean, premium hair care products. Read more

Edgio has announced a capital infusion of $66 million in a strategic funding round led by Lynrock Lake Master Fund. Edgio provides an edge computing platform designed for speed, security, and simplicity. Read more

Silverflows has secured €16.3 million in strategic funding led by Global Paytech Ventures. Silverflows specializes in providing a cloud-based payment processing platform with a single API for card networks. Read more

Transcend has secured an investment from Citi to accelerate the global deployment of its enterprise-wide inventory optimization solutions. Transcend specializes in providing liquidity, funding, and collateral optimization solutions for financial institutions. Read more

Novos Fiber has announced plans to invest $20 million in Arlington, Texas, for its fiber-to-the-home internet service. Novos Fiber provides high-speed fiber internet services. Read more

Revolv has secured $25 million in project financing for its full-service electric commercial fleets, including electric vehicles (EVs), charging infrastructure, optimization, and insights. Revolv focuses on providing turnkey solutions for electric vehicle fleets. Read more

Common Energy has announced a capital raise along with achieving a new performance milestone. Common Energy specializes in providing community solar projects and subscription management services. Read more

Interesting reads: