Tech funding daily

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

TF Analytix team.

Grant and Growth

Enerpoly, a Sweden-based company specializing in energy technology, has received a grant of €600,000 from Vinnova. Enerpoly is focused on developing zinc-ion battery technology, aiming to advance energy storage solutions with a particular emphasis on zinc-ion batteries. Read more

SHINE Technologies, a USA-based energy technology company, has secured significant funding in a growth-stage round led by Baillie Gifford and Fidelity Management & Research Company. SHINE Technologies is focused on developing fusion technology with applications in industry, defense, and healthcare, with a current emphasis on scaling up medical isotope production. Read more

Capital Rx, based in the USA, has successfully raised $50 million in a growth-stage funding round led by Transformation Capital. The company specializes in pharmacy benefit management and offers a backend claims processing platform known as JUDI. Read more

Upvest, a German financial technology company, has raised $30 million in a growth-stage round with BlackRock and Bessemer Venture Partners as lead investors. The company provides digital wealth management infrastructure to facilitate investment and wealth management services. Read more

Pre-seed

CNaught, a climate technology startup based in the USA, secured a $2.25 million pre-seed investment with Greycroft as a leading investor. The company operates a carbon credit marketplace, offering a more efficient way to purchase carbon credits. Read more

Capalo AI, a Finnish energy technology startup, has raised €500,000 in pre-seed funding from Innovestor. The company focuses on AI-based optimization for energy grid balancing, aiding the transition towards cleaner and more sustainable energy systems. Read more

Aerovy, a USA-based aerospace technology startup, has completed an $800,000 pre-seed funding round, with Purdue Innovates, M25, and Flywheel Fund among the investors. The company specializes in developing software for advanced air mobility operations. Read more

Seed

Jam & Tea Studios, located in the USA, has secured $3.15 million in seed funding led by London Venture Partners. The company is known for its work in blockchain gaming and aims to pioneer a new generation of multiplayer roleplaying video games. Read more

Game of Silks, based in the USA, has raised $5 million in a seed-stage financing round with Taylor Made and FunFair Ventures as lead investors. The company specializes in blockchain fantasy sports, particularly for horse racing enthusiasts. Read more

Untangled Finance, a UK-based financial technology startup, has successfully raised $13.5 million in seed funding, with support from Fasanara Capital. The company's focus is on tokenizing real-world assets to enable participation in decentralized finance (DeFi) ecosystems. Read more

Jetson, a Swedish aerospace technology company, received $15 million in a seed-stage round, backed by music mogul will.i.am and Global Angel Investors. Jetson is dedicated to the development of electric vertical take-off and landing (eVTOL) aircraft. Read more

Proteus Space, based in the USA, secured $4.2 million in seed funding, led by Moonshots Capital. The company specializes in AI-assisted small satellite design, contributing to advancements in space technology. Read more

Deta, a Germany-based application development startup, raised $3.6 million in seed funding, with Crane Venture Partners leading the investment round. The company operates a cloud app development platform that simplifies and accelerates the development of cloud-based applications. Read more

REPUBLIK, located in Singapore, has successfully closed a $6 million seed funding round, valuing the company at $75 million. The social platform enables creator monetization and fosters a thriving ecosystem for content creators. Read more

Quickly, a Canadian financial technology company, has garnered $10 million in seed-stage financing from Thin Air Labs, ATB Financial, and Plug and Play. The company is a payments technology provider, facilitating efficient and secure payment processing solutions. Read more

Lopay, a UK-based financial technology startup, has raised £7 million in seed-stage funding with backing from BackedVC, Portage, and The Venture Collective. The company offers a payments app designed to streamline transactions for small businesses. Read more

Bedrock Energy, based in the USA, has secured $8.5 million in seed funding from Wireframe Ventures and other investors. The company focuses on geothermal energy systems designed for efficient heating and cooling of commercial buildings. Read more

TransactionLink, a Berlin-based regulatory technology startup, has secured €5.3 million in seed-stage funding with White Star Capital as the lead investor. The company offers a no-code platform for Know Your Business (KYB) and Know Your Customer (KYC) automation, simplifying onboarding processes. Read more

Yooga, a Brazil-based food technology startup, has raised $2.3 million in seed funding, led by SaaSholic and supported by Gilgamesh, Apex Partners, Backfuture, and others. The company specializes in restaurant operations management software. Read more

KIT Plugins, based in the USA, has secured $1 million in seed-stage funding. The company is known for its audio software offerings, providing audio plugins for music production to enhance sound quality and capabilities. Read more

Pickle, a USA-based startup, secured seed-stage funding on November 10, 2023, with undisclosed investors. The company operates a peer-to-peer fashion rental marketplace, allowing users to rent and share fashion items. Read more

Series A

JetCool, based in the USA, raised $17 million in a Series A funding round led by Bosch Ventures, with participation from In-Q-Tel, Raptor Group, Schooner Capital. The company specializes in data center cooling and offers liquid cooling systems designed for data centers. The funding will support JetCool's efforts to meet increasing demand for data center cooling, driven by AI and high-density semiconductor technologies. Read more

Media Partners Corporation secured $16 million in Series A funding from Alliance of Angels, family offices, and other investors. The company specializes in human resources technology, particularly workplace learning. It offers eLearning solutions, with a recent rebrand to Atana. Read more

Conveyor, based in the USA, raised $12.5 million in a Series A round with Cervin Ventures as the main investor. The company focuses on cybersecurity and provides an AI platform for automated security reviews and security review automation. Read more

InfinityStakeChain, an Australian startup, secured $12 million in Series A financing led by Binance Labs. Polygon Ventures, Bixin Ventures, Delphi Ventures, and other investors participated in the round. The company specializes in cryptocurrency and offers a decentralized staking platform. Read more

Modal Labs, based in the USA, raised $16 million in a Series A funding round with Redpoint Ventures as the lead investor. The company focuses on application development and provides cloud infrastructure for data teams. Read more

Harbour, a USA-based startup, secured $15 million in a Series A funding round led by Scribble Ventures. Notable investors include Getty Images co-founder Jonathan Klein and The Palmer Company. The company specializes in enterprise software, specifically contract lifecycle management, contract drafting, and lifecycle automation. Read more

Orbem, a Germany-based company, secured an impressive $31.8 million in Series A funding led by 83North. The Venture Collective, La Famiglia, and Possible Ventures also participated. Orbem specializes in agricultural technology, focusing on poultry. They use MRI and AI to quickly and accurately determine the sex of eggs for the poultry industry, with plans to expand their technology to other agricultural applications. Read More

Carefull, a US-based financial technology company, raised $16.5 million in a Series A round with Fin Capital as the primary investor. Other investors included TTV Capital, Bessemer Venture Partners, Commerce Ventures, and more. Carefull provides a platform to help banks protect older customers from fraud and financial mistakes. Read more

Series B, C and D

Prophecy, based in the USA, secured $35 million in a Series B funding round led by Insight Partners. Other notable participants included SignalFire, J.P. Morgan, Singtel Innov8, Databricks Ventures, and DallasVC. Prophecy specializes in data management and provides a self-service data transformation platform. Read more

Perch Energy, based in the USA, raised $30 million in a Series B funding round. Nuveen was the primary investor. The company specializes in energy technology, offering a community solar subscription platform to expand access to clean energy savings. Read more

Optimize Health, a US-based healthcare technology company, completed a $18 million Series B financing round. The funding involved several investors, including Foundry, Escalate Capital Partners, Bonfire Ventures, and others. Optimize Health focuses on remote patient monitoring and chronic care management. Read more

Agomab Therapeutics, headquartered in Belgium, raised $100 million in a Series C funding round led by Fidelity Management & Research Company. Additional participation came from EQT Life Sciences, Canaan, Dawn Biopharma, and existing investors. The company specializes in biotechnology and is developing anti-fibrotic and regenerative therapies. Read more

Floadia, a Japan-based semiconductor company, secured 6.7 billion yen (approximately $6.7 million) in a Series D funding round led by Inabata & Co. Cypress Capital and Japan Finance Corporation were also among the participants. Floadia specializes in semiconductors and develops embedded flash memory IP cores. Read more

Venture

HaiLa Technologies, based in Canada, raised $10.35 million in venture financing. The funding was led by Murata Electronics and attracted support from various investors, including Stanford University, Mika, Ecofuel Fund, Chrysalix, and TandemLaunch. HaiLa Technologies focuses on semiconductors and offers ultra-low-power RF solutions for the Internet of Things (IoT). Read more

Goodwrx, a US-based HR technology company focused on hospitality staffing, secured $4 million in venture financing. The funding was provided by Advantage Capital. Goodwrx operates a hospitality staffing platform that connects job seekers with opportunities in the hospitality industry. Read more

The Selection Lab, a Netherlands-based HR technology startup, raised €1.33 million in venture financing. The funding round was led by Borski Fund, and Arches Capital also participated. The Selection Lab specializes in recruiting assessments and develops assessment technology for recruiting. Read more

Audoo, a UK-based music technology company, completed a £5 million venture financing round with MPL Ventures as the primary investor. Notable figures like Elton John, Bjorn Ulvaeus, Tileyard, Edinv, and others also participated. Audoo focuses on music royalties and provides a music royalty tracking and payment platform. Read more

Cirdan, a UK-based healthcare technology company specializing in pathology diagnostics, secured £2.8 million in venture financing. Kernel Capital led the funding round, with participation from Clarendon Fund Managers and private investors. Read more

MinervaX, headquartered in Denmark, raised €57 million in venture financing led by EQT Life Sciences. Other participants included OrbiMed, Novo Holdings, Pureos Ventures, Sanofi Ventures, Trill Impact Ventures, Adjuvant Capital, Wellington Partners, Industrifonden, and Sunstone LifeScience Ventures. MinervaX specializes in biotechnology and is developing a vaccine for Group B Streptococcus. Read more

Formant, a US-based company that provides a robotics fleet data and operations platform, raised $21 million in venture financing. The funding round was led by BMW i Ventures and attracted investments from Intel Capital, GS Futures, SignalFire, Hillsven, Pelion Ventures, Holman, Ericsson, Goodyear Ventures, PICUS Capital, and Thursday Ventures. Read more

Interesting reads: