Small Business Finance News
Venture Capital Deals: August 16, 2022
Written by Ken Gaebler
More tech startups in the money! We are tracking on 460+ new venture capital transactions this month. Enjoy!
Here are twenty-eight new August 2022 VC transactions.
Pittsburgh-based Abridge, a healthcare-focused conversational AI venture, raised a $12.5 Series A funding round. Wittington Ventures led the round, with support from Pillar Venture Capital, UPMC Enterprises, Union Square Ventures, Bessemer Venture Partners, Whistler Capital and Yoshua Bengio.
New York-based Craniometrix, focused on Alzheimer's care, landed a $6 million seed funding round. Quiet Capital was the lead investor, with support from Cathexis Ventures, Rebel Fund, YC, defy.vc, J Ventures and Olive Tree Capital.
Dropbase raised $1.75 million in new growth funding. The round was led by Gradient Ventures, with participation from Y Combinator, Bragiel Brothers, Unpopular Ventures, Liquid 2 Ventures and individual investors. The company is based in San Francisco, California and offers a collaborative data import and data management platform.
Private investors are backing a $1.5 million seed funding round for DuckPond Technologies. The company, which is based in Baton Rouge, is apparently developing both enterprise software and Hip-Hop infused sports gaming apps.
EtherMail, a Web3 email platform that supports anonymous, encrypted wallet-to-wallet communication, scored a $3 million seed round. Fabric Ventures and Greenfield One led the round, with support from individual investor Rene Reinsberg, the founder of Celo. The company is based in Barcelona, Spain.
Expedock, which develops international freight software, closed a $13.5 million Series A funding round. Insight Partners led the investment, with participation from VMG Catalyst, Pear, Neo and individual investors. The company is based in San Francisco, California.
New York-based Farther, a wealth management startup, secured $15 million in Series A funding. Bessemer Venture Partners was the lead investor, with support from Context Ventures, Cota Capital, Khosla Ventures, MassMutual Ventures and Moneta Ventures.
Finix Payments, payments technology startup that serves software companies, raised a $30 million funding round. Investors included aCrew Capital, American Express Ventures, Bain Capital Ventures, Cap Table Coalition, Franklin Templeton, Homebrew Ventures, Insight Venture Partners, Inspired Capital Fund LLC, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, The General Partnership and VamosVentures. The company is based in San Francisco, California.
Prosperity7 Ventures led a $35 million Series D investment in Insilico Medicine. The company, which focuses on clinical-stage drug discovery, is based in Hong Kong and New York. Other investors in the round included B Capital Group, BHR Partners, Bold Capital Partners, Deerfield Management Company, Pavilion Capital Partners, Qiming Ventures, Warburg Pincus, WS Investment and individual investor Alex Zhavoronkov.
Toronto-based Interaxon, a consumer neurotechnology company, raised a $9.5 million Series C funding round led by Alabaster, BDC Capital and Export Development Canada. Other investors in the round included Iter Investments, Intretech, The Clavis Foundation and Phyto Partners.
Animation studio Invisible Universe raised a $12 million Series A funding round. The round was led by Seven Seven Six, with participation from Initialized Capital, Gaingels, 75 & Sunny, Wheelhouse Ventures, Cosmic Venture Partners, Dapper Labs, TCG, Franklin Templeton, Cassius, Schusterman Family Investments, Dreamers VC and several individual angel investors of note, including Serena Williams and Jennifer Aniston. The company is based in Los Angeles.
Fintech solutions venture Klavi landed a $15 million Series A funding round. GSR Ventures, CIP SA, Iporanga Ventures, Parallax Ventures and Vivo Capital all invested. The company is based in Sao Paulo, Brazil.
Komplyd, a compliance platform for cannabis companies, raised a seed funding round from Achari Ventures and Poseidon. The investment amount was not disclosed. The company is based in San Jose, California.
Levita Magnetics, a surgery-focused healthcare services company, raised $26 million in a Series C funding round. Among other investors, MedTex Ventures, Invermaster and Carao Ventures invested in the round. The company is based in Menlo Park, California.
Nightfall AI scored $40 million in its Series B funding round. WestBridge Capital led the round, with participation from Pear VC, Venrock, Next Play Capital, Bain Capital Ventures and individual investors Paul Rudd, Drew Brees, and Josh Childress. Based in San Francisco, California, the company helps its customers prevent cloud data loss.
Toronto-based Properly raised $28.2 million in growth funding. AlleyCorp, Bain Capital Ventures, FJ Labs, Golden Ventures, Industry Ventures, Intact Ventures, Interplay Ventures, Max Ventures, Parker89 and Prudence Holdings invested in the round. Properly is a real estate company.
Qventus, an AI startup, secured $3 million in funding, extending a prior investment round from this past February. ThedaCare made the new investment, bringing the total funding amount to $53 million. The company is based in Mountain View, California.
Boston-based Satellite IM, raised $10.5 million in seed funding. Framework Ventures and Multicoin Venture Fund were the lead investors, with participation from IDEO CoLab, Solana Ventures, Hashed Venture Fund and Pioneer Square Ventures Fund. The company is developing and bringing to market a novel peer-to-peer communications platform.
New York-based Superblocks raised $37 million in funding for its rapid-development programmable platform for software engineers. Greenoaks, Spark Capital, Meritech and Kleiner Perkins led the funding round. A long list of high-profile individual investors also invested in the round.
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