Small Business Finance News
Venture Capital Deals: August 24, 2022
Written by Ken Gaebler
Published: 8/24/2022
Lots of funded blockchain and security companies today. Here's our coverage of recent VC deals.
Our roundup of tech companies funded this month continues.
We missed yesterday, so we are behind a bit. But here are twenty-five noteworthy VC deals that we've recently added to our venture capital database.
Aero Technologies
Aero Technologies, based in San Francisco, California, secured $65 million in Series B funding led by AlbaCore Capital and Capital One Growth Ventures. Expa Capital and Keyframe Capital Partners also invested. The company is a luxury jet startup founded by Uber co-founder Garrett Camp.
Airgram
Delaware-based Airgram, which makes online meeting facilitation software, raised $10 million in Series A funding led by GL Ventures. CDH Investments, Linear Capital and PKSHA SPARX Algorithm Fund participated.
Atom Power
Atom Power secured a $100 million funding round. SK invested. Based in North Carolina, the company aims to upgrade the electric vehicle (EV) charging experience in the United States with new hardware and software.
Demoleap
Salestech startup Demoleap secured a $4.4 million seed financing round. Bonfire Ventures and Differential Ventures took the lead on making the investment. Other investors included 25Madison and Ground Up Ventures. The company is based in Wilmington, Delaware.
Dukkantek
Dukkantek landed $10 million in Series A funding from lead investor BECO Capital, with participation from AMK Investment Office, Chaos Ventures, Colle Capital, Comma Capital, rocketship.vc and Wamda Capital. The real estate technology company is based in Dubai.
dWallet Labs
Israeli blockchain cybersecurity startup dWallet Labs landed a $5 million seed equity round. Digital Currency Group and Node Capital led the round. Other investors included Amplify Partners, Cerulean Ventures, Collider Ventures, Dispersion Capital, Early Grey Capital, Heroic Ventures, Impatient Ventures, Lemnsicap, Lightshift Capital, Liquid 2 Ventures, Token Bay Capital Venture Fund, Tykhe Block Ventures and Zero Knowledge Validator. The company is based in Tel Aviv.
Flossy
Healthcare services company Flossy closed a $14.7 million Series A venture capital round. TTV Capital took the lead on making the investment. Other investors included 8VC, Clocktower Technology Ventures, Slow Ventures and SV Angel. The pay-as-you-go dental services membership company is based in West Hollywood, California.
iProcure
Kenya-based iProcure, an agricultural supply chain platform, landed a $11.4 million round. Investisseurs & Partenaires led the round. Other participating investors included British International Investment, Ceniarth and Novastar Ventures.
Jar
Fintech ventureJar, operating out of Bangalore in India, raised $22.6 million in a Series B funding round led by Tiger Global Management. Arkam Ventures, Folius Ventures, Panthera Capital Ventures, Prophetic Ventures, rocketship.vc, WEH Ventures, Yes VC and individual investors also joined the round. The company offers a micro-savings app to help individuals with saving.
Luminovo
Luminovo, based in Munich, raised $11.2 million in investment, led by Chalfen Ventures. Cherry Ventures, Khadjavi Capital Partners, La Famiglia, Tencent Holdings and Verve Ventures also participated in the seed round. The German company develops software for the electronics industry.
Meson
Blockchain fintech startup Meson raised $4 million in funding from lead investor GSR Ventures, with support from A&T Capital, Bertelsmann Asia Investments, M77 Ventures, Mirana Ventures, Plug and Play Startup Camp, Smarti Labs and SNZ Holding. The company offers a stablecoin swap protocol to facilitate stablecoin free flows among Ethereum, Layer 2s, and major high-performance public chains.
Oddin.gg
B2B esports betting solutions provider Oddin.gg landed a $4.5 million equity round. Velo Partners led the investment. Other investors in the Series A funding round included Genting Ventures. Not too surprisingly, the company is based in Las Vegas, Nevada.
Primitive
Crypto products startup Primitive secured a $9 million Series A funding round. Bain Capital Crypto took the lead on making the investment. Other Primitive investors included 1confirmation, Nascent Ventures and Robot Ventures. The blockchain company is based in the greatest town in the world. That's Chicago, of course, in case you didn't know.
Rebill
Argentina-based Rebill announced a $3.6 million seed round. Tiger Global Management led the round, with participation from Soma Capital, SV Angel, Y Combinator and private investors. The fintech company specializes in cross-country and multi-currency revenue operations.
Rocketplace
Blockchain startup Rocketplace, based in Palo Alto, California, secured $9 million in a seed round led by Launchpad Capital. Accomplice, Better Tomorrow Ventures, Launchpad Capital, Menlo Ventures, Soma Capital and TTV Capital also invested. The company provides a cryptocurrency exchange that takes the guesswork out of buying and selling crypto.
Rokoko
Digital media software startup Rokoko closed a $80 million financing round. NAVER Z took the lead on making the investment. Additional backers included North-East Venture, VF Venture and individual investors. The company, which is based in Copenhagen, Denmark, provides quick, non-intrusive and intuitive animation solutions.
Roleshare
London-based HRTech startup Roleshare announced a $1.2 million seed round. Plug and Play Ventures led the investment, with support from Alchemy Ventures, Forward Ventures, Rethink Capital Partners, Techstars and individual angel investors. The company offers a unique job sharing marketplace and management platform.
Rusk Media
Rusk Media, based in New Delhi, raised a $9.5 million Series A round led by Audacity Venture Capital and DAOL Investment & Securities. InfoEdge Ventures, Mistry Ventures and Survam Partners also invested. Rusk's digital media brands distribute their own premium IPs and branded content across YouTube, Meta and other social media platforms.
Sofy
San Francisco-based Sofy announced a $7.8 million seed equity round. Voyager Capital led the round, with participation from GTMfund, PSL Ventures and Revolution Partners. The company provides a modern nocode testing platform to help software engineers test their mobile apps and websites.
SVX
Renewable nano-chemistry platform SVX closed a $7.8 million Series A venture capital round. Backers included Amplify Capital, Catalus Ventures, Golden Seeds, How Women Invest, Motus Smart World Innovation Fund, ONE WORLD Impact Investments and Ultratech Capital Partners. SVX is headquartered in San Francisco, California.
Tangibly
Seattle-based Tangibly landed $1.3 million in funding from lead investor WS Investment , with support from Brainstorm Ventures, Family Angel Management Fund, Incisive Ventures, Madrona Venture Group, PatentVest and private investors. The company's solutions help companies effectively administrate and protect trade secrets.
Thorizon
Energy startup Thorizon closed a $12.7 million financing round. Positron Venture took the lead on making the investment. Additional backers included Huisman Equipment, Impuls Zeeland, Invest-NL and PDENH. The clean energy company is based in Amsterdam.
TXOne Networks
Taipei-based cybersecurity company TXOne Networks raised $70 million in Series B funding from lead investor TGVest Capital, with support from Ash Tower, CDIB Capital Group, CHT Security Corporation, KAiA Capital, MediaTek, Silks Hotel Group, Simplo Technology Group, Ta Ya Electric Wire & Cable and individual investors.
Uplift Labs
Startup Uplift Labs, operating out of Palo Alto, California, received $2.5 million in a round led by Aatma Capital, LAUNCH Fund, The Syndicate, Ethos Angel Investment Fund and some high-profile individual investors like Seth Curry. DeepCore, Gaingels, Oregon Sports Angels and Stadia Ventures also invested. The company has developed technology for real-time movement tracking and 3D analysis to enhance performance and health.
Urban Health
Bangalore-based Urban Health announced a $3.4 million seed round. 3one4 Capital led the round. Other investors included Founder Bank Capital, Venture Highway and individual investors. The company offers a popular app for meditation and sleep.
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