💰The Funding Letter #1700: June 25

Abridge, Neuron23, Kognitos, and more...

June 25, 2025

Good Morning! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. 🔥New Sales Gigs from Profound & Tennr below!

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Source: @overheard_sales

Daily Deals 💸

🌎 Americas

Abridge has developed a healthcare application to bring context and understanding to every medical conversation, enabling users to follow through with the doctors' recommendations and stay updated. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $300M, Series E

Round Investors: Andreessen Horowitz (lead), Khosla Ventures 

🚀Growth Focus: Develop more features for its platform, specifically on easing the process of generating medical billing codes. 

HQ: San Francisco, CA

Industry: Hospitals and Health Care

Employee Count: 349 (⚡70% increase in last 6 months)

Neuron23 develops an AI-based drug discovery model for genetically defined neurological and immunological diseases, allowing patients suffering from genetic disorders to receive customized medicines. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $96.5M, Series D

Round Investors: Blue Owl, Westlake Village BioPartners, Acorn Bioventures, HBM Healthcare Investments

🚀 Growth Focus: Support the development of its lead candidate, NEU-411, a brain-penetrant oral LRRK2 inhibitor now being tested in Phase II for early-stage Parkinson's disease.

HQ: San Francisco, CA

Industry: Biotechnology Research

Employee Count: 42 (⚡21% increase in last 6 months)

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