Small Business Finance News
Venture Capital Deals: September 1, 2022
Written by Ken Gaebler
Published: 9/1/2022
Welcome to September! Here are thirty-six deals from our venture capital database to close out our reporting on August 2022 VC transactions.
Our list of August 2022 VC transactions ended up exceeding 520 deals, which is amazing. So much for the idea that summer is slow for VC deals.
Heads up that I'll be taking a break starting tomorrow, and we will resume our VC deal coverage on September 12. Even without these new articles, our site makes it easy to track September 2022 VC deals.
OK, see you later this month. Until then, here are the last of the August deals.
American Injectables
New Rhein Healthcare Investors participated in a $19 million Series A funding round for American Injectables, a manufacturer of sterile injectable parenteral drugs. The company is based in Brooksville, Florida.
Anuva
Anuva, a translational research company focused on Asian populations, announced a Series A financing round from Helix Ventures. The investment amount was not disclosed. The company is based in Cambridge in England.
Atomic.io
Software company Atomic.io, which offers a low-code customer experience tool, closed a $5 million financing round. Movac took the lead on making the investment. Other investors included K1W1 and individual investors. The company is based in New Zealand.
Austin Software
Austin Software, which has a platform called Astro that connects Latam software developers to US employers, has raised $13 million in Series A investment from Greycroft Partners and Obvious Ventures. The company is based in Austin, Texas
Awign Enterprises
Awign Enterprises, a work fulfillment platform that specializes in the gig workforce and provides last-mile delivery services, closed a $15 million Series B funding round. Amicus Capital and Bertelsmann India Investments took the lead on making the investment. Other investors included Michael & Susan Dell Foundation and Unitus Ventures. The company is based in Bengaluru India.
Bactolife
The Bill & Melinda Gates Foundation joined a $5 million funding round for Bactolife. Based in Copenhagen Denmark, the company is developing effective and affordable food and feed ingredients to combat some of the largest gut health issues worldwide.
Carbon Counts
Carbon Counts secured a $4.5 million seed financing round. Algorand and Borderless Capital invested. Based in Cambridge, Massachusetts, the company provides a mobile game platform that harnesses the power of play, people, and technology to positively impact climate change.
Deliverider
Deliverider, which provides a technology-enabled, middle-mile logistics solution for online retailers, closed a $2 million seed investment round. Backers included Millennium Group and NC Capital. The company is based in Tel Aviv, Israel.
Deskbird
Swiss startup Deskbird, an app that supports hybrid workplaces, raised $5 million in Series A funding from Fortyone, Rivus Capital and session.vc.
doinstruct
German startup doinstruct landed a funding round from Born2Grow and High-Tech Gründerfonds. The investment amount was not disclosed. The company offers a web app for onboarding and training employees in the agri-food industry.
DoraHacks
San Francisco-based DoraHacks, a decentralized global hacker community and hackathon organizer focused on blockchain security, announced a funding round from Binance Labs, Circle Ventures, Crypto.com, FTX Ventures, Gemini Trust Company and Sky9 Capital. The investment amount was not disclosed.
Glints
Glints, which has created a tech-powered talent ecosystem for Southeast Asia, closed a $50 million Series D financing round. DCM Ventures, Lavender Hill Capital and PERSOL Holdings invested. The company is headquartered in Singapore.
Grey
Fintech company Grey, which offers bank accounts in Africa and specializes in cross border payments, raised a $2 million seed funding round. The list of investors included Soma Capital, True Culture Fund, Y Combinator and individual investors. The company is based in Nigeria.
Lightnet
Singapore-based fintech company Lightnet, a cross-border remittance venture, closed a $50 million funding round. Backers included LDA Capital.
Limit Break
Limit Break, based in Park City, Utah, scored $200 million in a round led by Buckley Ventures, Paradigm and Standard Crypto. Anthos Capital, Coinbase Ventures, FTX, SV Angel and individual investors also invested. The company is creating a multiplayer online gaming platform involving NFTs.
Loopworm
Loopworm, based in Bengaluru India, secured $3.4 million in a seed round led by Omnivore and WaterBridge Ventures. Titan Capital and individual investors also invested. The company is an agri-biotechnology company that converts organic waste into valuable products.
MedGenome
MedGenome, a genomics-based diagnostics and research company, raised $50 million in funding from Novo Holdings. The company is based in Foster City, California.
MEDU Protection
Mexico City-based MEDU Protection announced a $4 million seed equity round. MaC Venture Capital led the investment. Other investors included Halcyon Capital Management and individual investors. The company makes sustainable medical protection equipment.
Neurofenix
Atlanta-based Neurofenix raised $7 million in Series A funding from lead investors AlbionVC, with support from InHealth Ventures. The medical devices company is working to improve the lives of neurological injury survivors and their families through its digital therapy devices.
Notation Labs
Notation Labs, operating out of Scottsdale, Arizona, secured $2 million in funding from undisclosed investors. The company provides AI-powered smart water technology solutions aimed at water conservation.
Olio Health
Healthcare tech startup Olio Health, operating out of Indianapolis, Indiana, received $13 million in Series A investment, led by Fulcrum Equity Partners. Mutual Capital Partners also joined the round. The company offers a software solution focused on communications and engagement with post-acute providers.
Opkey
Opkey, a no-code test automation platform for application testing, closed a $8 million funding round. Vertica Capital Partners invested. Founded in 2016, the company is based in Noida in Uttar Pradesh India.
PIN
PIN raised $5.6 million in seed investment from lead investors Initialized Capital, with support from Canaan Partners, GSR, Industry Capital and New Enterprise Associates. Based in New York City, the company offers a tech platform that allows groups to raise VC funds from communities of people.
Pixxel
Accenture Ventures participated in a strategic funding round for Pixxel. The investment amount was not disclosed. Headquartered in Palo Alto, California, Pixxel is a space data company, building a constellation of hyperspectral earth imaging satellites and the analytical tools to mine insights from that data.
Power
Helathcare technology startup Power secured a $7 million seed funding round. CRV and Footwork took the lead on making the investment. Additional backers included AirAngels, ARTIS Ventures and South Park Commons. Based in San Francisco, the company offers a tech platform that makes clinical trials more navigable for patients and connects patients with researchers for follow-up questions.
PriceOye
Islamabad-based PriceOye, an online marketplace for consumer electronics, closed a $7.9 million seed round. JAM Fund and individual investors led the investment, with support from Artistic Ventures, Atlas Venture, BEENEXT, DG Daiwa Ventures, Fatima Gobi Ventures, HOF Capital, Mantis VC, Palm Drive Capital, SOSV and individual investors.
Propseller
Proptech startup Propseller closed a $12 million Series A financing round. Vertex Ventures took the lead on making the investment. Additional backers included Hustle Fund, ICCP Venture Partners, Iterative, Partech Partners, Rapzo Capital, Redbadge Pacific, Vulpes Ventures and individual investors. The real estate tech startup is based in Singapore.
Recurve
Recurve, based in San Francisco, secured $18 million in a Series B round led by Calpine Energy Solutions. Energy Foundry, Quantum Energy Partners and Toshiba Energy Systems & Solutions also invested. The company uses smart meter data to help utility companies with planning, procurement and demand flexibility.
RentSpree
RentSpree, a centralized platform for gathering rental applications, raised $17.3 million in Series B funding from lead investors Green Visor Capital, with support from 645 Ventures, California Association of REALTORS, ECG-Research, Gaingels, KEC Ventures, Rally Ventures, Venture MLS and Vesta Ventures. The company is based in Sherman Oaks, California. Their application covers everything from rental applications and tenant screening to renters insurance and rent payment.
SparkCharge
SparkCharge, which provides an EV charging app, system and network, closed a $7 million Series A financing round. Investors included Cleveland Avenue. The company is based in Somerville, Massachusetts.
Stake Properties
Dubai-based proptech venture Stake Properties raised $8 million in Series A funding from B&Y Venture Partners and Middle East Venture Partners. The company offers a real estate investment platform consistent with its mission of making real estate investing simple, transparent, and affordable to all.
Tarci
Salestech startup Tarci, based in New York City, raised $17 million in Series A funding led by Sound Ventures. Global Founders Capital and Liberty Mutual Strategic Ventures also invested. The company offers AI-powered technology that helps SMBs identify high-potential sales leads.
Theranica
Theranica, operating out of Montclair, New Jersey, secured $45 million in Series C investment, led by New Rhein Healthcare Investors. aMoon Partners, Lightspeed Venture Partners and LionBird also invested. The company makes wearable therapeutic products for pain treatment.
Vilya
Arch Venture Partners participated in a $50 million Series A funding round for biotech firm Vilya. The company is headquartered in Seattle, Washington and is working on a novel class of drugs that precisely target the biology of disease.
Xterio
Blockchain gaming startup Xterio, a free-to-play-and-earn game developer and publisher, closed a $40 million funding round. FunPlus took the lead on making the investment. Other investors included Animoca Brands, Foresight Ventures, FTX Ventures, HashKey Capital, Headline and Matrix Partners. The company is based in Switzerland.
Yoyi Tech
Yoyi Tech, a developer of AI-powered marketing solutions, raised $20 million in Series D investment from NewQuest Capital Partners, Samsung Ventures and Zhejiang SilkRoad Fund. The martech startup is based in Beijing China.
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