Small Business Finance News
Venture Capital Deals: August 19, 2022
Written by Ken Gaebler
Many of today's VC bets are definitely happening at the high-stakes table. Enjoy browsing over 58 recent August VC deals!
Today's fun fact is that ten of our featured VC transactions today were for $100 million or more.
There's a lot to report on today. I'm catching up on reporting August 2022 VC deals, so I've got 58 deals to share with you below. As always, send us corrections and questions or just say hello and let us know if you find this information to be useful.
San Francisco-based Arc Technologies, a startup fintech company, raised $20 million in Series A financing led by Left Lane Capital, with participation from Alumni Ventures, Atalaya Capital Management, Bain Capital Ventures, Chargebee, Clocktower Technology Ventures, Column, Dreamers VC, NFX, Plaid, Soma Capital, Torch Capital, Vouch, Wayflyer and Y Combinator.
Arine, a medication management platform, closed a $29 million Series B venture round. 111 West Capital led the round. Katalyst.Ventures, MBX Capital, New Leaf Venture Partners and Super Capital Group also invested. The company is based in San Francisco, California.
Trucking payments venture AtoB scored $155 million in new funding, including a $75 million equity investment and $80 million in debt. General Catalyst Partners and Elad Gil led the round, with participation from Collaborative Fund, Contrary Capital, Leadout Capital and XYZ Ventures. The company is based in San Francisco, California.
Byte Kitchen, a restaurant technology startup, landed a $6 million equity funding round. Leads on the investment included Crosslink Capital, Emergent Ventures amd Kevin Mahaffey. Correlation Ventures, Soma Capital, WndrCo, Y Combinator and other individual investors also participated in the round. The company is based in San Mateo, California.
CareHarmony, which develops care coordination software, scored $15 million in funding. The Series A funding was led by Maverick Ventures, with participation from Nashville Capital Network. The company is based in Nashville, Tennessee.
Closinglock, a real estate technology startup, received $4 million in venture financing in an equity round led by LiveOak Venture Partners, with support from GTMfund and RWT Horizons. The company is based in Austin, Texas.
Dianxiaomi, which provides enterprise resource planning (ERP) software for e-commerce companies, closed a $110 million Series D funding round. Sequoia Capital China and SoftBank Vision Fund led the round, with participation from GGV Capital, Huaxing Growth Capital and Tiger Global Management.
Israel-based DriveNets, snagged an impressive $262 million Series C funding round, with D2 Investments leading the round. D2 Investments, Atreides Management LP, Bessemer Venture Partners, D1 Capital Partners, Harel Insurance Investments and Financial Services and Pitango Venture Capital also participated. The company focuses on cloud-native networking solutions.
San Francisco-based Eat Just, a foodtech company developing egg and meat alternatives, raised a $25 million venture round from C2 Capital Partners. The funds will help to explore and support expansion in China.
In one of the more noteworthy recent VC transactions, former WeWork founder Adam Neumann closed a $350 million financing round for his new rental real estate startup, Flow. Andreessen Horowitz invested.
San Francisco-based Gorgias finalized a $30 million Series C funding round. Transpose Platform Management and Shopify were the lead investors, with CRV, Alven Capital Partners and individual investors also participating. Gorgias is an e-commerce customer service company.
GrayMatter Robotics, operating out of Los Angeles, secured a $20 million equity investment round led by Bow Capital. Other investors in the round included 3M Corporation, B Capital Group, Calibrate Ventures, OCA Ventures, Pathbreaker Ventures, Stage Venture Partners and Swift Ventures. The company uses robotics and artificial intelligence to assist humans in tedious and ergonomically challenging tasks.
Coaching and mentorship platform GrowthSpace closed a $25 million Series B venture capital round. Zeev Ventures led the round, with support from M12 and Vertex Ventures. The company is based in New York City.
Guesty, a property management platform, landed $170 million in new funding. The Series E round was led by Apax Digital, MSD Partners, and Sixth Street Growth, with participation from Viola Growth and Flashpoint. The company is based in Tel Aviv, Israel.
New York-based foodtech startup Happy Viking raised $2 million in equity funding. Mates, Parallel, Talent Resources Ventures and numerous high-profile individuals, including Venus and Serena and Venus Williams, invested.
San Francisco-based Incredible Health has landed $80 million in Series B funding. Base10 Partners led the round, with participation from Andreessen Horowitz, Obvious Ventures, Rethink Impact, Stardust, 444 Capital Fund, Kaiser Permanente and multiple individual investors. The company provides a job marketplace for health care workers.
Edtech startup Junto secured a $5.1 million venture capital round. Investors included round lead Earlybird Venture Capital, along with supporting investors Emerge and Picus Capital. The company is based in Berlin.
Materna Medical, an OBGYN platform company, secured a $20 million funding round. The Series B investment was led by InnovaHealth Partners, with Kimera, Wavemaker 360 Health and other joining. The company is based in Mountain View, California.
Mobot, a QA-as-a-service platform based in New York, secured a $12.5 million Series A financing round, led by Cota Capital. Bling Capital, Heavybit, Primary Venture Partners and Uncorrelated also joined the round.
Lakestar, Everblue Management and Hyperplane Venture Capital participated in a $30 million Series A capital raise for metaverse startup Modulate. Lakestar led the investment in Modulate, which is based in Cambridge, Massachusetts.
Biotech firm Monod Bio, operating out of Seattle, raised $25 million in a round led by Matrix Capital Management, with support from Boom Capital, Cercano Management, Global Health Investment Corporation, Pack Ventures, Sahsen Ventures and Washington Research Foundation.
Mudflap, which makes a fuel discount app for truck drivers, is $50 million richer after closing a Series B funding round. The investment was led by QED Investors and 9Yards Capital , with participation from Commerce Ventures and others. The company is based in Palo Alto, California.
Mycel, which manufactures fungal-based biomaterials, scored $10 million in new funding from a half dozen investors, including Industrial Bank of Korea, Korea Development Bank, Spring Camp, Stonebridge Capital, WE Ventures and ZER01NE. The company is based in Seoul, Korea.
Naborforce, an elder care company, landed a $9 million Series A investment. Translink Capital led the round, with participation from Claritas Capital, Techstars and The Artemis Fund. The company is based in Richmond, Virginia.
Novel Farms secured $1.4 million in SAFE notes (that means the valuation for the round will be determined in a subsequent round). Big Idea Ventures led the round, with support from CULT Food Science, Good Startup, Joyance Partners and Sustainable Food Ventures.
Redpoint Ventures, First Round Capital and GV invested in a $17.5 million Series A capital raise for Omni Analytics. The company is based in San Francisco and offers an enterprise business intelligence platform.
Robotics firm Ottonomy raised a $3.3 million seed round. Pi Ventures led the round, with participation from Branded Strategic Hospitality, Connetic Ventures and individual investor Sangeet Kumar. The company, which is based in Brooklyn, builds fully autonomous robots that can deliver food and beverages, groceries, and packages to curbside, last mile, and even indoor environments.
Nigerian fintech Pastel, which develops financial software for small businesses, landed a $5.5 million seed round. TLcom Capital led the investment, with participation from DFS Lab, Global Founders Capital, Golden Palm Investments, Plug and Play Ventures, Soma Capital and ULU Ventures.
Martech startup Pathmonk, operating out of Dusseldorf, secured $1.5 million in seed funding from TechVision Fonds and private investors. Based in Dusseldorf, the company creates AI-powered tools for managing and optimizing website performance.
Pliops, a technology innovator focused on making data centers run faster and more efficiently, secured a $100 million Series D funding round. Investors included Koch Disruptive Technologies, SK Hynix and individual investors. The company is based in San Jose, California.
Fintech startup Pomelo, based in San Francisco, closed a $20 million seed funding round. Founders Fund and Kevin Hartz led the round, with support from Afore Capital, The Chainsmokers, Xfund and Josh Buckley.
Qeepsake, a journaling app for family memories, secured a $2 million seed financing round. Investors included LaunchCapital, which led the round, as well as Right Side Capital Management and Techstars. The company is based in Newtonville, Massachusetts.
Boston-based gene therapy company Remedium Bio attracted investors to a $2.3 million seed capital round. Sherwood Ventures was the lead investor, with participation from Angel Star Ventures, Apis Health Angels, Guindy Alumni Angels, Longevitytech.fund, MicroVentures and Primo Medical Group.
SAIC Mobility Robotaxi
Shanghai-based SAIC Mobility Robotaxi, a self-driving taxi robot platform, secured $148 million in new investment. The Series B funding round was led by Chinese automaker SAIC Group, with support from Gaoxing Investment and Momenta.
Biotech company Senda Biosciences snagged $123 million in new funding. The Series C investment was led by Flagship Pioneering, with participation from Alexandria Venture Investments, Bluwave, Longevity Vision Fund, Mayo Clinic, Partners Investment, Qatar Investment Authority, Samsung Life Science Fund, Stage 1 Ventures and the State of Michigan Retirement System. The company is based in Cambridge, Massachusetts.
San Diego-based Serenity EHS landed a $5 million seed funding round. Base10 Partners led the round. The company produces environmental, health, safety and sustainability software for the ServiceNow platform.
Engineering upskilling platform Sphere received $4.3 million in seed funding. The round was led by Felicis Ventures, with support from Uncommon Capital, Y Combinator and individual investors. The edtech startup is based in San Francisco, California.
Fintech startup Super Payments raised $27 million led by Accel Partners, with participation from LocalGlobe, Union Square Ventures and several individual investors. The company is headquartered in Bristol, England.
Costanoa Venture Capital, Moore Strategic Ventures, National Grid, The Engine and private investors joined a $15.5 million Series A funding round for Sync Computing. Based in Cambridge, Massachusetts, Sync is developing optimization processing technology designed to accelerate cloud computing.
Fintech venture Unstoppable Finance, based in Berlin, secured $12.8 million in Series A funding. Lightspeed Venture Partners led the round, with participation from Anagram, Backed VC, Discovery Ventures, Fabric Ventures, Inflection Equity Partners, Rockaway Capital and Speedinvest. The company is working on a decentralised finance (DeFi) wallet.
Swiss agtech venture xFarm Technologies raised $17.5 million in Series B funding in a round led by Swisscom Ventures, with participation from Emerald Technology Ventures, Grey Silo Ventures, Neva SGR, NovaCapital and United Ventures. The company provides in-field sensors that gather and analyze data to improve agricultural outputs.
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