Home Venture Capital The Weekly Notable Startup Funding Report: 6/20/22

The Weekly Notable Startup Funding Report: 6/20/22

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Abacus Insights

$28.0M – Series C

Boston-based Abacus Insights offers a data management solution to help healthcare providers improve costs and member outcomes for customers. Founded by Minal Kumar Patel in 2017, Abacus Insights has now raised a total of $28.0M in total equity funding and is backed by .406 Ventures, CRV, Echo Health Ventures, Horizon Healthcare Services, MultiPlan, and The Blue Venture Fund.

airSlate

$51.5M – Series C

Brookline-based airSlate is a SaaS technology that provides no-code business process automation, e-signature, and document management solutions. Founded by Borya Shakhnovich and Vadim Yasinovsky in 2006, airSlate has now raised a total of $51.5M in total equity funding and is backed by G Squared and UiPath Ventures.

ALICE Technologies

$30.0M – Series B

Menlo Park-based Alice Technologies develops construction-engineering software for general contractors, subcontractors, and real estate developers. Founded by Prithvi Raj Jampana and Rene Morkos in 2013, ALICE Technologies has now raised a total of $30.0M in total equity funding and is backed by Bouygues, Future Ventures, Gaingels, GRIDS Capital, JLL Spark, Merus Capital, Metaplanet Holdings, Rising Tide, and Vanedge Capital.

AlphaSense

$225.0M – Series D

New York-based AlphaSense is a market intelligence platform that uses artificial intelligence allowing professionals to make critical decisions. Founded by Jack Kokko and Raj Neervannan in 2011, AlphaSense has now raised a total of $225.0M in total equity funding and is backed by Goldman Sachs Asset Management and Viking Global Investors.

Arkestro

$26.0M – Series A

San Francisco-based Arkestro is a predictive procurement software for businesses to boost savings and supply chain performance. Founded by Christian Ries, Edmund Zagorin, and Rob DeSantis in 2017, Arkestro has now raised a total of $26.0M in total equity funding and is backed by Cervin, Construct Capital, Correlation Ventures, El Cap Holdings, Forum Ventures, Four More Capital, Illuminate Ventures, Koch Disruptive Technologies, New Enterprise Associates, and Tenacity Venture Capital.

Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org/program.

bttn.

$20.0M – Series A

Seattle-based bttn. offers subscription-based ordering on direct-from-manufacturer medical supplies. Founded by Jack Miller and JT Garwood in 2021, bttn. has now raised a total of $20.0M in total equity funding and is backed by FUSE and Tiger Global Management.

Capital Rx

$106.0M – Series C

New York-based Capital Rx is a healthtech platform that provides pharmacy benefit management solutions. Founded by AJ Loiacono, Joseph Alexander, and Ryan Kelly in 2017, Capital Rx has now raised a total of $106.0M in total equity funding and is backed by B Capital Group, Edison Partners, General Catalyst, and Transformation Capital.

Chain.io

$11.0M – Series A

Philadelphia-based Chain.io is a cloud-based supply chain integration platform designed to optimize supply chain processes. Founded by Brian Glick in 2017, Chain.io has now raised a total of $11.0M in total equity funding and is backed by EVE Atlas, Fontinalis Partners, Grand Ventures, High Alpha, Mercury, and Waybury Capital.

Cirkul

$70.0M – Series C

Tampa-based Cirkul is the only flavor cartridge infusion bottle system. Founded by Andy Gay and Garrett Waggoner in 2015, Cirkul has now raised a total of $70.0M in total equity funding and is backed by SC.Holdings.

DealHub.io

$60.0M – Series C

Austin-based DealHub.io is a revenue amplification platform that delivers consistent sales engagements at every step of the sales process. Founded by Alon Lubin, Eyal Elbahary, and Eyal Orgil in 2014, DealHub.io has now raised a total of $60.0M in total equity funding and is backed by Alpha Wave Ventures and Israel Growth Partners.

Make an impact on your bottom line and drive leads!

The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.

Magic Spoon

$85.0M – Series B

Brooklyn-based Magic Spoon is a food company that provides childlike, low-carbohydrate cereal foods for adult customers. Founded by Gabi Lewis and Greg Sewitz in 2019, Magic Spoon has now raised a total of $85.0M in total equity funding and is backed by Amy Schumer, Ashley Frangipane, Capital Constellation, Carter Comstock, Coefficient Capital, HighPost Capital, Nasir Jones, Nick Jonas, Odell Beckham Jr., Russell Westbrook, Shakira Mebarak, Siddhi Capital, and The Chainsmokers.

Echodyne

$135.0M – Series D

Kirkland-based Echodyne develops and manufactures meta-materials-based radar technologies. Founded by Eben Frankenberg and Tom Driscoll in 2014, Echodyne has now raised a total of $135.0M in total equity funding and is backed by Baillie Gifford, Bill Gates, Madrona Venture Group, New Enterprise Associates, Northrop Grumman, Vanedge Capital, and Vulcan Capital.

Elevate K-12

$40.0M – Series C

Chicago-based Elevate K-12 is an instructional services company that provides live streaming instruction to K-12 classrooms. Founded by Shaily Baranwal in 2015, Elevate K-12 has now raised a total of $40.0M in total equity funding and is backed by General Catalyst.

Fountain

$100.0M – Series C

San Francisco-based Fountain is a talent platform that develops to make workforce management and hiring easier. Founded by Jeremy Cai and Keith Ryu in 2014, Fountain has now raised a total of $100.0M in total equity funding and is backed by B Capital Group, Commerce Ventures, DCM Ventures, Mirae Asset Venture Investment, Origin Ventures, SemperVirens Venture Capital, SoftBank Vision Fund, and Uncork Capital.

HomeLight

$60.0M – Series D

San Francisco-based HomeLight is a real estate platform where users can buy or sell homes. Founded by BC Broussard, Drew Uher, and Jason Zhang in 2012, HomeLight has now raised a total of $60.0M in total equity funding and is backed by Zeev Ventures.

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Invoca

$83.0M – Series F

Santa Barbara-based Invoca specializes in the fields of inbound call marketing, call tracking, call intelligence, and pay-per-call advertising. Founded by Colin Kelley, Jason Spievak, and Robert Duva in 2008, Invoca has now raised a total of $83.0M in total equity funding and is backed by Accel, H.I.G. Growth Partners, Hollyport Capital, Industry Ventures, Kingfisher Investment Advisors, Silver Lake Waterman, and Upfront Ventures.

Overair

$145.0M – Series B

Santa Ana-based Overair designs, develops, and manufactures electric vertical takeoff and landing (eVTOL) aircraft. Founded by Abraham Karem and Ben Tigner in 2019, Overair has now raised a total of $145.0M in total equity funding and is backed by Hanwha Aerospace and Hanwha Systems.

PayCargo

$130.0M – Series C

Coral Gables-based PayCargo is an online payment settlement system for the Global Freight Maritime industry. Founded by Juan Dieppa and Sergio Lemme in 2007, PayCargo has now raised a total of $130.0M in total equity funding and is backed by Blackstone Group.

Platform9

$26.0M – Venture

Mountain View-based Platform9 provides Kubernetes-as-a-Service for multi-cloud, on-premises, or at edge. Founded by Bich Le, Madhura Maskasky, Roopak Parikh, and Sirish Raghuram in 2013, Platform9 has now raised a total of $26.0M in total equity funding and is backed by Celesta Capital, Cota Capital, and NGP Capital.

PredictSpring

$16.0M – Series B

Los Altos-based PredictSpring provides a seamless omni-channel experience that brings the best of mobile technology to consumer and store associate apps. Founded by Nitin Mangtani in 2013, PredictSpring has now raised a total of $16.0M in total equity funding and is backed by Felicis Ventures, Novel TMT Ventures, and Salesforce Ventures.

Are you raising capital? 43North is on the hunt for its next cohort, and this year, the accelerator will be making five $1 million investments each in exchange for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org/program.

Prenda

$20.0M – Series B

Mesa-based Prenda is an ed-tech company with the vision of helping young people learn technology in a fun, informal settings. Founded by Andrew Jennings, Kelly Smith, and Luke Miller in 2015, Prenda has now raised a total of $20.0M in total equity funding and is backed by Learn Capital, Modern Venture Partners, Peak State Ventures, and Seven Seven Six.

Spendflo

$4.4M – Seed


San Francisco-based Spendflo offers the best buying, negotiation, renewal & tracking service for their SaaS subscriptions. Founded by Ajay Vardhan, Rajiv Ramanan, Rajiv Ramanan, and Siddharth Sridharan in 2021, Spendflo has now raised a total of $4.4M in total equity funding and is backed by Accel India, BoldCap, Signal Peak Ventures, and Together Fund.

Teamworks

$50.0M – Series D

Durham-based Teamworks is a communication and operations platform for athletic organizations. Founded by Mitch Heath, Shaun Powell, and Zachary Maurides in 2004, Teamworks has now raised a total of $50.0M in total equity funding and is backed by Afia Capital, Blossom Street Ventures, David Robinson, Delta-v Capital, General Catalyst, Jessica McDonald, Marcus Mariota, Seaport Capital, and Teamworthy Ventures.

Terra.do

$5.0M – Seed

Stanford-based Terra.do operate as an online climate school that offers learners an overview of the entire climate landscape. Founded by Anshuman Bapna, Kamal Kapadia, and Mayank Jain in 2020, Terra.do has now raised a total of $5.0M in total equity funding and is backed by Albert Wenger, Avaana Capital, Avesta Fund, BEENEXT, C3, City Light Capital, David Helgason, E8 Angels, Hummingbird Search Partners, My Climate Journey Collective, Precursor, SIG, Stanford Angels and Entrepreneurs, and TELUS Pollinator Fund for Good.

Zoovu

$169.0M – Series C

Boston-based Zoovu is the next generation digital commerce search platform. Founded by Markus Linder and Martin Schliefnig in 2006, Zoovu has now raised a total of $169.0M in total equity funding and is backed by FTV Capital.

Make an impact on your bottom line and drive leads!

The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.

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