Hi, it’s Eric.
This year, we’re redoubling our effort to make sure we’re keeping you on top of everything that matters in startups and venture capital. That’s why we’re bringing you this download on the notable tech industry deals from January.
You might have noticed that on Fridays our new full-time reporter,
, is writing a look back at the week in startups and venture capital. We’re analyzing the top story from VC world for the week, highlighting a few top deals, interviewing some Silicon Valley notables, sometimes profiling VCs in the news with our VC directory entries, and finally sending you off with some can’t miss links.
But every month there are too many funding rounds and deals for us to cover — even in this slowdown period. So we’re partnering with venture capitalist
to bring you a monthly roundup of the top deals of the month.
O’Shea’s Sourcery newsletter tracks deals on a weekly cadence. I’d encourage you to add her newsletter to your reading list if you’d like to receive the weekly updates.
Hi, Molly here. I’ve categorized the deals below into five categories, FinTech, Care, Enterprise & Consumer, HardTech, and Sustainability, and ordered from later-stage rounds to early-stage rounds.
January set the year off on a solid start. We saw Bilt Reward’s $200M round, Devoted Health’s $175M Series E at a $12.87B valuation, Silverfort’s $116M round, and Quantiuum’s $300M round. In addition, AI financings came in hot. It can feel like every deal has Nat Friedman, Databricks, a16z, or someone at OpenAI involved. Top AI deals included Sierra’s $85M round at a $1B valuation, ElevenLabs $80M round also at over a $1B valuation, and the research search engine Perplexity AI’s $73.6M round.
Highlighted VC deals include
Bilt Rewards, Perplexity AI, Devoted Health, Sierra, Eleven Labs, Quora, DailyPay, Hyperexponential, Ansel, ModernFi, Rainbow, Briq, Harbor Health, Forta, Nabla, Weavix, Silverfort, Second Dinner, Bastille, Luma AI, Tore, Kittl, Anomalo, Vicarius, Clerk, Robin AI, Recraft, Overmoon, Kusari, Chronosphere, TextQL, Krepling, ViralMoment, Quantinuum, 1X, Albedo, Xyte, Cargado, Xaba, Capturra, Recurrent
Acquisitions & PE
Yieldstreet/Cadre, HP/Juniper Networks, SentinelOne/PingSafe, Wasabi, Syncrhony/Ally Financial, Robinhood/Chartr, Snyk/Helios, Autodeck/PayApps
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Bilt Rewards, NYC rewards platform for rent payments, raised $200M in funding at a $3.1B valuation. General Catalyst led the round, joined by Eldridge with existing investors Left Lane Capital, Camber Creek, and Prosus Ventures. [Reuters]
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DailyPay, New York on-demand payments company, raised $75M at a $1.75B valuation led by Carrick Capital Partners, with a $100m credit facility extension secured from Citi. [PYMNTS]
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hyperexponential, London, U.K. pricing decision intelligence platform for P&C insurers, raised $73M in Series B funding led by Battery Ventures and joined by a16z with existing investor Highland Europe. [TechCrunch]
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Digital Onboarding, Boston, MA personalized customer engagement platform for financial institutions, raised $58M from Volition Capital. [TechCrunch]
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Fullcast, Redmond, WA provider of revenue ops software, raised $34M in seed funding led by Epic Ventures, and joined by Companyon Ventures, True Blue Partners, Firsthand Alliance, and Sepio Capital. [TechCrunch]
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Kashable, NYC platform that provides credit and financial wellness solutions as an employer-sponsored voluntary benefit, raised $25.6M in Series B funding. Revolution Ventures and Moneta Ventures led the round and were joined by EJF Capital and Krillion Ventures. [TechCrunch]
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Ansel, New York insurtech, raised $20M in funding led by Portage, and joined by Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI. [BusinessWire]
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ModernFi, NYC deposit network, raised $18.7M in Series A funding led by Canapi Ventures, with co-investment by a16z, Remarkable Ventures, and more. [TechCrunch]
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Rainbow, an SMB insurance underwriter, raised $12M in seed funding from Caffeinated Capital, Altai Ventures, Zigg Capital, 8VC, Habitat Partners, Buckley Ventures & Arch Capital Group. [Fintech Finance News]
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PredictAP, Boston, MA AI-powered invoice process for real estate, raised $8M in Series A funding led by RET Ventures and joined by Wise Ventures. [BusinessWire]
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Briq, Santa Barbara, CA financial automation platform for construction companies, raised $8M in a Series B extension funding at a $150M valuation from MetaProp, Tiger Global, Blackhorn and Eniac. [TechCrunch]
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Devoted Health, a Waltham, MA health insurtech focused on Medicare Advantage, raised $175M in Series E funding at a $12.87B valuation from The Space Between, GIC, Highbury Holdings, Stardust Equity, Maverick Ventures, Fearless Ventures, with existing investors a16z and General Catalyst. [Fierce Healthcare]
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Harbor Health, an Austin, Texas-based primary and specialty clinic group, raised $95.5M in second-round funding led by General Catalyst. [General Catalyst]
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Forta, San Francisco, CA AI-driven company improving access to clinical care, raised $55M in Series A funding. Insight Partners led the round and was joined by Exor Ventures, Alumni Ventures, and others. [TechCrunch]
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Turquoise Health, San Diego, CA healthcare pricing platform, raised $30M in Series B funding led by Adams Street Partners, joined by Yosemite with existing investors a16z and BoxGroup. [Turquoise Health]
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Panacea Financial, Little Rock, AR financial services platform for doctors, dentists, and veterinarians, raised $24.5M in Series B funding from Valar Ventures. [FinSMEs]
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Nabla, Boston, MA AI-powered copilot that generates clinical notes, raised $24M in Series B funding led by Cathay Innovation, with co-investors including ZEBOX Ventures. [PR Newswire]
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weavix, Wichita, KS frontline worker enablement platform, raised $23.6M in Series B funding led by Insight Partners, with participation from Four More Capital, The Friedkin Group, and Perkins Cole. [TechCrunch]
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Parallel Learning, NY teletherapy platform for school districts, raised $6M in Series A funding led by Rethink Impact. [TechCrunch]
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Isaac Health, NYC virtual brain health and memory clinic platform, raised $5.7M in seed funding led by Meridian Street Capital and B Capital with participation from Primetime Partners, Co-Found Partners, VU Venture Partners, and AirAngels. [BusinessWire]
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WTHN, a modern acupuncture and TCM company, raised $5M in Series A funding led by L Catterton with participation from Halogen Ventures. [Axios]
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Coral Care, a platform connecting parents to local childhood development specialists, raised $1.3M from Reach Capital, Greymatter Capital, and Purpose Built Ventures. [Axios]
