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- 💰The Funding Letter #1677: May 23
💰The Funding Letter #1677: May 23
RevenueCat, Veesion, Throne, and more...
Happy Friday! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. Have a nice weekend!
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Source: @crushing_quota
Daily Deals 💸
🌎 Americas
Fore Biotherapeutics operates a clinical-stage biotechnology company that enables biopharma companies to receive support in identifying new target mutations and expanding subgroups of cancer patients that respond to existing therapies. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $38M, Series D-2
Round Investors: R One, Medicxi, OrbiMed, HBM Healthcare Investments
🚀Growth Focus: Support to advance the registration-intended Forte Master Protocol, a global Phase 2 clinical trial which includes four sub-protocol baskets evaluating plixorafenib in distinct patient populations.
HQ: Philadelphia, PA
Industry: Biotechnology
Employee Count: 49
RevenueCat has developed a subscription management platform to integrate in-app purchases into applications, enabling developers to monetize subscriptions across different platforms. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $50M, Series C
Round Investors: Bain Capital Ventures (lead), Y Combinator, SaaStr Fund, Adjacent
🚀Growth Focus: Expand its platform that powers subscriptions, in-app purchases, and virtual currencies for consumer software.
Press: Business Wire, TechCrunch
HQ: San Francisco, CA
Industry: Software Development
Employee Count: 115 (⚡25% increase in last 6 months)
Graphiant builds a software-defined wide area network technology to offer networking technologies and simplified connectivity for enterprises, enabling network architects to build enterprise-grade networks at the speed of business. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $19M, Series B
Round Investors: Wa’ed Ventures (lead), tali ventures (lead), Two Bear Capital, Sequoia Capital
🚀Growth Focus: Scale up its digital infrastructure.
HQ: San Jose, CA
Industry: Computer Networking Products
Employee Count: 88
David AI builds an AI-powered end-to-end data platform for model developers and enterprises tackling challenging multimodal data needs, enabling clients to add new revenue streams for their business by detecting and removing irrelevant, duplicated, or tampered data. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $25M, Series A
Round Investors: Amplify Partners (lead), Alt Capital, Y Combinator, BoxGroup
🚀Growth Focus: Support its goal of becoming the world’s leading audio data research institution.
Press: AIM Research, David AI
HQ: San Francisco, CA
Industry: Software Development
Employee Count: 17 (⚡143% increase in last 6 months)
Rhino Federated Computing develops a federated learning and edge-computing platform that enables businesses to accelerate the creation and training of more accurate models that work consistently across different patient populations. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $15M, Series A
Round Investors: AlleyCorp (lead), LionBird, Fusion Fund, Arkin Digital Health
🚀Growth Focus: Scale its capabilities across more customers and regulated sectors, bringing to market an enterprise-grade solution for organizations looking to collaborate with data at scale.
Press: GlobeNewswire, CTech
HQ: Boston, MA
Industry: Software Development
Employee Count: 35
Axle Health builds an online healthcare platform that offers a range of services, including doctor and healthcare professional appointments, home health services like blood draws and injections, and telehealth services and enabling higher successful treatment. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $10M, Series A
Round Investors: F-Prime Capital (lead), Pear VC, Y Combinator, Lightbank
🚀Growth Focus: Enhance its expansion plans, scale its proprietary healthcare logistics platform, improve its AI-powered scheduling and routing algorithms, and accelerate the development.
Press: PR Newswire, AIM Research
HQ: Los Angeles, CA
Industry: Information Technology & Services
Employee Count: 18 (⚡13% increase in last 6 months)
🔥Open Sales Gigs: Currently Hiring
Clarity Security has developed a security platform to develop or enhance identity governance practices, enabling clients to certify access, automate the account life cycle, and streamline compliance. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $9M, Series A
Round Investors: Venture Guides (lead), Silverton Partners
🚀Growth Focus: Accelerate growth and revolutionize identity security for Hybrid IT.
Press: EIN Presswire, fox5sandiego.com
HQ: Austin, TX
Industry: Software Development
Employee Count: 21 (⚡50% increase in last 6 months)
Bright Security builds an application security platform that enables developers to protect web applications and programming interfaces effectively, minimize exposure to security threats, and adhere to evolving cybersecurity regulations. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $1M, Series A
Round Investors: Toloka.vc (lead)
🚀Growth Focus: Develops the STAR AI platform that protects against vulnerabilities in enterprise applications.
Press: AIN.Capital, Odessa Journal
HQ: San Rafael, CA
Industry: Software Development
Employee Count: 111
OpenFX develops a foreign exchange infrastructure platform that offers continuous access, direct settlement, and pricing, enabling remittance providers, digital brokerages, and payment platforms to manage international transactions with efficiency and control. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $23M, Venture - Series Undisclosed
Round Investors: Accel (lead), Flybridge, Hash3, Castle Island Ventures
🚀Growth Focus: Expand into key Latin American and Asian markets, launch its treasury management solutions, and extend its regulatory framework across strategic jurisdictions.
Press: PYMNTS.com, Yahoo Finance
HQ: New York, NY
Industry: Financial Services
Employee Count: 6
Mura provides AI-driven automation for the order-to-cash process, developed specifically for commercial field service companies, and offers seamless integrations with existing field service systems to enable faster payments and reduce manual work. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $6M, Seed
Round Investors: Level One Fund (lead), Lerer Hippeau (lead)
🚀Growth Focus: Expand its engineering team, build additional automations in accounts receivable and accounts payable workflows, and accelerate integration with additional field service management platforms.
Press: Business Wire, Yahoo Finance
HQ: New York, NY
Industry: Technology, Information, and Internet
Employee Count: 8
Throne has developed a health monitoring device to monitor well-being from excretion waste, enabling users with round-the-clock monitoring and valuable but infrequent information about their body. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $4M, Seed
Round Investors: Moxxie Ventures (lead), Accomplice, Long Journey Ventures, Night Capital
🚀Growth Focus: Accelerate the development of their toilet-mounted device, which uses cameras and AI software to analyze waste for health indicators.
Press: TechCrunch, Technology Org
HQ: Austin, TX
Industry: Technology, Information, and Internet
Employee Count: 13 (⚡44% increase in last 6 months)
🌍 EMEA
Veesion builds a fraud detection platform to facilitate the detection of gestures associated with shoplifting, enabling shop owners to receive alerts on different devices and optimize their security staff allocation process. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: $43M, Series B
Round Investors: White Star Capital (lead), ODYSSEE VENTURE, Verve Ventures, Bpifrance
🚀Growth Focus: Support its push for international expansion and the extension of its technology into new environments and use cases.
HQ: Paris, France
Industry: Software Development
Employee Count: 203
trawa provides a proprietary optimization engine to optimize energy purchasing for industries, enabling businesses of all sizes to procure electricity both professionally and sustainably. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: €24M, Series A
Round Investors: Headline (lead), Balderton Capital, Magnetic Capital, AENU
🚀Growth Focus: Support the expansion of its integrated B2B solution for energy supply, energy management, and flexibility control.
Press: Silicon Canals, FinSMEs
HQ: Berlin, Germany
Industry: Services for Renewable Energy
Employee Count: 58 (⚡48% increase in last 6 months)
Tomorrow Bio provides a cryopreservation service and enabling individuals who are seeking future medical advancements to potentially benefit from emerging technologies that may allow revival and treatment beyond current medical limitations. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: €5M, Seed
Round Investors: TruVenturo (lead), Blast.club (lead)
🚀Growth Focus: Support its expansion into the United States, starting with locations in New York, California, and Florida.
Press: EU-Startups, Silicon Canals
HQ: Berlin, Germany
Industry: Biotechnology Research
Employee Count: 20 (⚡82% increase in last 6 months)
Astrolight has developed telecommunication systems to help clients connect space and earth with laser communication links, enabling commercial and governmental satellite operators to get throughput and enhanced security data link services. View on: LinkedIn.com | Sales Navigator.
New Funding Raised: €2.8M, Seed
Round Investors: Balnord (lead), Export and Investment Fund, Coinvest Capital, Rita Sakus
🚀Growth Focus: Accelerate the development of its laser-based end-to-end communication platform that securely connects satellites to Earth.
Press: EU-Startups, Tech Funding News
HQ: Vilnius, Lithuania
Industry: Satellite Telecommunications
Employee Count: 22 (⚡10% increase in last 6 months)
Sales Gigs 🏆
⭐️Rippling (LI) is hiring Mid-Market AEs for its NYC-based team, and tons more sales roles globally.
Owner (LI) is hiring a remote Account Executive for its US-based team.
Addepar (LI) is hiring a remote Senior AE - Strategic for its US-based team.
Recraft (LI) is hiring a Founding Account Executive for its US-based team, focused on expanding its Enterprise customer base.
Statsig (LI) is hiring Enterprise AEs and a Strategic Partnerships Lead for its SF and NYC-based teams.
Reducto (LI) is hiring a founding Head of Sales and a founding Account Executive for its SF-based team.
Persona (LI) is hiring Commercial AEs and Enterprise AEs for its SF and NYC-based teams.
Hammerspace (LI) is hiring remote Regional Sales Directors in locations across the US, including New York, Boston, Bay Area, Houston, and PNW.
Blue Onion Labs (LI) is hiring US-remote Account Executives for the West Coast region.
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