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- Tech funding daily
Tech funding daily
Pragmatic Semiconductor raises $206 million from M&G, AI startup Vast Data secures $118 million at a $9.1 billion valuation and business management startup MaintainX gets $50 million.
Welcome to our daily newsletter on tech funding. Here are the top recent deals.
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3:20 PM • Dec 6, 2023
Funding deals:
Debt and growth
Solvento has secured a $50 million debt facility from Lendable, with equity participation from Quona Capital, Dynamo Ventures, Ironspring Ventures, Proeza Ventures, and Zenda VC. Solvento specializes in providing payment and credit infrastructure for the trucking industry. Read more
Zazoon, a provider of governance, risk, and compliance solutions in legal technology, is poised for significant growth with undisclosed funding from a leading B2B software investment firm. Read more
Pre-seed and seed
Harriet has raised €1.4 million in pre-seed funding led by Concept Ventures, with participation from Frontline Ventures, Portfolio Ventures, and Notion Capital. Harriet provides a full-stack AI solution for HR teams. Read more
Asato has raised $7.5 million in seed funding led by Intel Capital, Lip-Bu Tan, and Shah Capital Partners. Asato develops an AI-powered enterprise copilot platform for IT solutions. Read more
Beyondbmi has raised €1 million in seed funding from private investors, Enterprise Ireland, and existing business angels. Beyondbmi operates a medically-led digital obesity clinic. Read more
FTN Network has closed a $3 million seed funding round led by Perry Gershon and TechStars. FTN Network operates a fantasy sports and betting network. Read more
Respell has raised $4.75 million in seed funding led by Craft Ventures and joined by Abstract Ventures and business angels. Respell provides a no-code AI-first automation platform. Read more
Extropic has raised $14.1 million in seed funding led by Kindred Ventures and supported by Buckley Ventures and business angels. Extropic focuses on physics-based computing. Read more
Beond has successfully closed a $13 million pre-Series A funding round. The company operates as a premium leisure airline. Read more
Series A
Ladder has raised $12 million in a Series A funding round led by Tapestry VC and LivWell Ventures. Ladder operates a fitness app demystifying strength training. Read more
Kyron Learning has raised $14.6 million in a Series A funding round. The education technology company offers an AI-powered learning platform focused on providing equitable access to instructors. Read more
ProvenRun has raised €15 million in a Series A funding round led by Tikehau Capital. ProvenRun provides a secure operating system for connected vehicles and devices. Read more
Milano Vice has raised €9 million in a Series A funding round led by Coefficient Capital, with participation from True, Geschwister Oetker, Speedinvest, and others. Milano Vice operates a digitally-powered, delivery-first pizza restaurant concept. Read more
Scienta Lab has raised €4 million in a Series A funding round led by CentraleSupélec Venture and supported by business angels. Scienta Lab is a pioneer in AI-powered precision immunology. Read more
SoCyber has secured $0.993 million in a Series A funding round led by Vitosha Venture Partners, with support from BGO Software. SoCyber develops a vulnerability management platform. Read more
Durin Technologies has received $3.5 million in a Series A funding round led by Breakthrough Diagnostics. Durin Technologies specializes in developing diagnostic tests for neurodegenerative disorders. Read more
Spade has secured $10 million in a Series A funding round led by Flourish Ventures, with participation from Andreessen Horowitz, Gradient Ventures, Y Combinator, Dash Fund, and Everywhere Ventures. Spade specializes in real-time credit card transaction intelligence. Read more
GameChanger Systems has announced the successful completion of a Series A funding round. The entertainment company operates gaming retail and automated "Instant Video Game Buyback" kiosks. Read more
BetterYou has announced a $6 million Series A funding round led by Capital Midwest, with participation from Mairs & Power, Great North Ventures, North Coast Ventures, and NelNet. BetterYou is a developer of a mobile wellness app. Read more
Series B
DUST Identity has announced a $40 million Series B funding round led by Castle Island Ventures, with participation from Amex Ventures, Kleiner Perkins, Airbus Ventures, and 8VC. DUST Identity specializes in product authentication by linking physical items to digital records. Read more
Replicate has raised $40 million in a Series B funding round led by Andreessen Horowitz, with support from Nvidia, Heavybit, Sequoia, and Y Combinator. Replicate operates a platform for open source AI models. Read more
Series C, D and E
MaintainX has raised $50 million in a Series C funding round led by Bain Capital Ventures, with participation from Bessemer Venture Partners, Amity Ventures, August Capital, and various notable individuals. MaintainX provides an AI-powered work execution and enterprise asset management solution. Read more
Fantuan has secured $40 million in a Series C funding round led by GrubMarket, Celtic House Asia Partners, VisionPlus Capital, and JSD Capital. Fantuan operates an Asian food delivery and life service platform. Read more
Pragmatic Semiconductor has raised an impressive $206 million in a Series D funding round. The investment was led by M&G’s Catalyst, UK Infrastructure Bank, Northern Gritstone, Latitude, and MVolution Partners. Pragmatic Semiconductor is a manufacturer of flexible integrated circuits. Read more
VAST Data has closed a Series E funding round, raising $9100 million and nearly tripling its valuation to $9.1 billion. The funding was led by Fidelity Management & Research Company, with participation from New Enterprise Associates, BOND Capital, and Drive Capital. VAST Data specializes in data infrastructure within the AI domain. Read more
Strategic and venture
Ecopol has announced a strategic investment in JRF Technology. Ecopol is a developer and producer of biodegradable films and delivery systems, focusing on sustainable packaging. Read more
QuantaMap has raised €1.4 million in venture funding led by QDNL Participations. QuantaMap specializes in developing tools for quality assurance of quantum chips, focusing on diagnostic tools for quantum computing. Read more
Interesting read: