Small Business Finance News
Venture Capital Deals: August 29, 2022
Written by Ken Gaebler
Start your week with a review of recently funded VC transactions, curated from our venture capital deals database.
Today, we are featuring thirty-one new VC deals from our venture capital database.
We've got nine seed rounds in the mix today. It's great to see so many new tech startups launching!
28 by Evie
Los Angeles-based mobile technology company 9count raised $27.5 million in Series A funding from CrossCut Ventures, GGV Capital, Greycroft Partners, Grishin Robotics, I2BF Venture Capital, Progression Partners, Redpoint Ventures, Signia and Waverley Capital. The company develops mobile apps like Wink, Popstream and Summer and is led by the former President of musical.ly (now known as TikTok).
AtomVie Global Radiopharma
Avego Management backed a Series A capital raise for AtomVie Global Radiopharma. The investment amount was not disclosed. The company is based in Hamilton in Ontario Canada. The company is focused on next-generation radiotherapeutics and supporting its pharmaceutical and biotech partners from early clinical development to commercial manufacturing.
Blockchain technology venture Blockify secured $2.2 million in funding. The company announced the deal but opted not to disclose who the investors were. Based in the Bahamas, Blockify provides a single point of entry for managing and interacting with digital Web3 assets.
Dallas-based Deposits raised $5 million in seed funding from lead investors ATX Venture Partners, with additional investment from Cabal Fund and Lightspeed Venture Partners. The company offers a cloud-based fintech platform that lets banks, brands, and communities embrace engagement, modernization and financial services such as payments, mobile apps and lending.
Fair Square Medicare
San Francisco-based Fair Square Medicare announced a $15 million Series A round. Define Ventures led the round, with support from Slow Ventures and Y Combinator. The company is a technology-driven, senior care-navigation company that initially launched as a brokerage firm for Medicare .
Fintech startup FOMO Pay closed a $13 million Series A investment round. Jump Crypto took the lead on making the investment. Other investors included AB Initio Capital Management, Antalpha Ventures, HashKey Capital and Republic Capital. Based in Singapore, the company provides one-stop digital payment and banking solutions to merchants, retailers, corporates, and financial institutions.
Corporate intelligence venture Handshakes, which provides data analytics and risk monitoring solutions to enterprise customers, raised a strategic funding round from Nikkei and S&P Global. The investment amount was not provided. Founded in 2011, the company is based in Singapore with offices in many other cities.
Real estate venture Landing Platforms closed a $125 million Series C venture capital round. Delta-V Capital took the lead on making the investment. Additional backers included Foundry Group and Greycroft Partners. Based in Birmingham, Alabama, the company offers a membership-based network of furnished, flexible-lease apartments.
Medical devices company Levee Medical landed a $6.6 million Series A financing round. Investors were not disclosed. Based in Durham, the company is designing solutions to improve surgical outcomes related to prostate cancer.
Lumachain, a food-centric supply chain platform, raised $19.5 million in Series A funding led by Bessemer Venture Partners. Main Sequence Ventures also invested in the round. The company is based in Sydney, Australia.
Blockchain startup Mural.xyz announced $5.6 million in seed funding from 186 Ventures, Digital Currency Group, Firstminute Capital and Galaxy Ventures Based in New York City, Mural makes it easy for brands to store, manage, and deploy DAO treasury funds.
Blockchain venture NFT Genius raised $10.5 million in Series A funding from Dapper Labs, Fundamental Labs and OneFootball. The Los Angeles-based company is working on marketplace technology for the NFT market.
Veterinary care startup Petfolk raised $40 million in Series A funding from White Star Capital and Michael Wystrach, the founder of Freshly, with support from TriplePoint Capital and a long list of individual investors. The company is based in Charlotte, North Carolina.
Privado, a code scanning platform, announced a $14 million Series A equity round. Insight Venture Partners and Sequoia India led the investment, with participation from Emergent Ventures and Together Fund. The company is headquartered in Dover, Delaware.
Pharmaceutical company SaNOtize announced a $24 million round. Horizons Ventures and OurCrowd led the round. Other investors included the Agricultural Bank of China. The company is based in Vancouver, Canada.
Scalenut closed a $3.1 million seed financing round. Saama Capital and Amit Singhal, formerly a senior vice president at Google and head of Google Search, invested. Based in Altadena, California, the company offers an AI-powered content intelligence SaaS platform that discovers and creates relevant customer content.
Mumbai-based Servify raised $65 million in Series D funding from lead investors Singularity Growth Opportunity Fund, with support from AmTrust, BEENEXT, Blume Ventures, DMI Sparkle Fund, Iron Pillar and Pidilite Industries Limited. The company offers a device management platform that manages the lifecycle of several popular smartphone vendors, including Apple and Samsung, across many markets.
Blockchain and fintech startup Spectral Finance, a developer of a liquidity aggregation platform designed to decentralize the world of finance, announced a $23 million equity round. General Catalyst Partners and Social Capital led the investment, with support from Circle Ventures, Franklin Templeton, Gradient Ventures, Jump Capital, Samsung Ventures and Section 32. The company is based in New Rochelle, New York.
Cloud-based subscription and billing platform SubsBase closed a $2.4 million seed funding round. Global Ventures took the lead on making the investment. Other investors included Arzan Venture Capital, Camel Venture, Ingressive Capital, P1 Ventures and Plug and Play Tech Center. The fintech startup is based in Cairo, Egypt.
Tradeblock by Astrolabs
Concrete Rose Capital, Courtside Ventures and Trinity Ventures participated in a $8.9 million funding round for Astrolabs dba Tradeblock. Based in Houston, Texas, the company provides a barter-centric trading platform for sneaker collectors.
Upkid closed a $1.7 million seed funding round. Backers included Beehive Venture Partners, Corazon Capital and Newfund. The company provides an app that connects daycare programs and preschools with early childhood professionals who flexibility in their work schedules. They are based in Eagle Mountain, Utah.
San Francisco-based Zilliz, a leading provider of vector database and AI technologies, announced a $60 million round. Prosperity7 Ventures led the funding round, with participation from 5Y Capital, Hillhouse Capital Group, Pavilion Capital and Yunqi Partners.
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