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Good Morning! This free edition of The Funding Letter comes to you from our headquarters in New York City.

Hit the Gong 🎉

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Source: @overheard_sales

Daily Deals 💸

🌎 Americas

Fore Biotherapeutics operates as a clinical-stage biotechnology company that develops selective medicines for functionally and genomically defined cancer patients, enabling biopharma companies to receive support in identifying new target mutations and expanding subgroups of cancer patients to respond to existing therapies.

New Funding Raised: $67.4M, Series D

Round Investors: SR One (lead), Samsung Securities, Axil Capital, Novartis Venture Fund

🚀Growth Focus: Support the late-stage clinical development of plixorafenib, including topline data from the recurrent or progressive BRAF V600E primary central nervous system tumor cohort of the Phase 2 FORTE study, expected around the end of 2026.

HQ: Philadelphia, PA

Industry: Biotechnology

Employee Count: 56

Pearl Health develops a care-delivery and billing platform that unburdens physicians and allows them to focus on patient care, allowing primary care providers to deliver care, reduce health care costs, and receive financial support for services provided.

New Funding Raised: $50M, Series C

Round Investors: Andreessen Horowitz (lead), Ulysses Capital, Viking Global Investors, AlleyCorp

🚀Growth Focus: Expand its AI platform, turning clinical intelligence into measurable outcomes, and accelerate its growth across enterprise health system and payer partnerships, its expansion into Medicare Advantage, and new risk offerings.

HQ: New York, NY

Industry: Hospitals and Health Care

Employee Count: 209

Venus Aerospace develops hypersonic propulsion technology that enhances speed and efficiency in advanced flight systems, enabling aerospace, defense, and aviation sectors to achieve high-speed propulsion and extended range.

New Funding Raised: $91M, Series B

Round Investors: Mercury (lead), Draper Associates, MESH, Peak 6

🚀Growth Focus: Scale development and production, moving its RDRE propulsion system from successful flight demonstration toward deployment for a range of near-term defense and space applications.

HQ: Houston, TX

Industry: Aviation and Aerospace Component Manufacturing

Employee Count: 113

Handspring Health provides mental healthcare services that provide behavioral health care for children, adolescents, and young adults, allowing children to receive timely and appropriate therapy, driven by a personalized care plan, and to learn lifelong tools that will empower growth.

New Funding Raised: $19M, Series B

Round Investors: RPS Ventures (lead), Cobalt Ventures, Angelini Ventures, Cornucopian Capital

🚀Growth Focus: Scale its clinician workforce and its clinical-development model, expand value-based care partnerships and geographic coverage, deepen its Complex Care program, and further develop its technology platform.

HQ: New York, NY

Industry: Mental Health Care

Employee Count: 76

Prime Intellect develops an AI-based infrastructure platform that evaluates and continuously improves agentic models through an integrated AI stack, enabling developers and enterprises to train, deploy, and improve custom AI models and agents.

New Funding Raised: $130M, Series A

Round Investors: Radical Ventures (lead), Winston Weinberg, Brendan Foody, Dell Technologies Capital

🚀Growth Focus: Build the open superintelligence stack.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 56

EdVisorly develops an academic planning platform that connects aspiring community college students with universities, allowing students to directly engage with universities and build accurate course roadmaps for admissions to their target bachelor's degree programs.

New Funding Raised: $13.3M, Series A

Round Investors: Breachway Capital (lead), Motley Fool Ventures, Juvo Ventures, U.S. News & World Report

🚀Growth Focus: Advance product and engineering initiatives, accelerating new feature development, and expanding the experienced leadership required to serve partner colleges and universities at scale.

HQ: Los Angeles, CA

Industry: Software Development

Employee Count: 58

Hostie develops an AI-powered customer experience platform, enabling restaurants to automate guest communications, reservation management, and takeout orders across phone, text, and email.

New Funding Raised: $12M, Series A

Round Investors: Obvious Ventures (lead), Tim Stannard, Stuart Brioza, Elizabeth DePalmer

🚀Growth Focus: Expand operations and its development efforts.

HQ: San Francisco, CA

Industry: Hospitality

Employee Count: 28

Arkenstone Defense develops federal contracting software that removes execution friction between technology companies and the national security ecosystem, allowing technology companies to maintain continuous compliance with security standards and manage labor operations for government contracts.

New Funding Raised: $35M, Seed

Round Investors: J2 Ventures (lead), Susa Ventures, Artis Ventures, Granite Hill Capital Partners

🚀Growth Focus: Support expansion of its GovCon operating platform for defence technology companies.

HQ: Menlo Park, CA

Industry: Software Development

Employee Count: 76

Savi Security builds scam and fraud protection software for protecting users from fraudulent calls, messages, and digital threats, enabling consumers and families to identify and avoid scam-related communications.

New Funding Raised: $7M, Seed

Round Investors: Acrew Capital (lead), TTCER Partners, Magnify Ventures, Resolute Ventures

🚀Growth Focus: Accelerate development of its behavioral AI technology to screen calls, messages, and digital communications before users engage.

HQ: Los Angeles, CA

Industry: Computer and Network Security

Employee Count: 10

Cableteque provides software tools for wire harness quoting and design workflows that streamline the transition from OEM design to manufacturing readiness, allowing wire harness manufacturers and OEMs to reduce quoting time from days to minutes, minimize errors, enhance margin control, and accelerate production throughput.

New Funding Raised: $6M, Seed

Round Investors: PHX Ventures (lead), Mudita Venture Partners, 11 Tribes Ventures

🚀Growth Focus: Expand operations and its development efforts.

HQ: Huntington Beach, CA

Industry: Software Development

Employee Count: 45

Ravee Optics develops a compact optical communication terminal that provides bandwidth data transmission for small satellites, enabling satellite operators and aerospace service providers to achieve seamless, efficient inter-satellite data exchange.

New Funding Raised: $6M, Seed

Round Investors: BIG Capital (lead), CincyTech, JobsOhio Growth Capital Fund

🚀Growth Focus: Expand operations and its development efforts.

HQ: Dayton, OH

Industry: Defense and Space Manufacturing

Employee Count: 4

Adaptive insurance operates an insurance coverage platform that addresses gaps in traditional commercial policies, allowing businesses in outage-prone regions to cover labor costs, repair physical damage, and replace spoiled or lost inventory.

New Funding Raised: $5M, Seed

Round Investors: Connecticut Innovations, Sunna Ventures, Congruent Ventures, Seraphim Space

🚀Growth Focus: Expand its specialty product portfolio, grow its agent and partner distribution network, and continue development of its proprietary climate intelligence platform.

HQ: Austin, TX

Industry: Insurance

Employee Count: 14

🌍 EMEA

Fleek develops a wholesale marketplace that connects resellers with verified vintage suppliers, enabling resellers to source consistent bulk stock and secure inventory with guaranteed protection.

New Funding Raised: $25M, Series B

Round Investors: Burda Principal Investments (lead), FJ Labs, Y Combinator, eBay

🚀Growth Focus: Expand its AI-powered marketplace, automate secondhand clothing sourcing and sorting, scale its technology platform, and grow its global network of buyers and suppliers.

HQ: London, England

Industry: Technology, Information and Internet

Employee Count: 186

Quantum Diamonds develops semiconductor inspection and metrology systems for defect detection and electrical fault analysis, allowing semiconductor manufacturers and fabs to identify defects, monitor processes, and improve yield in advanced and packaged semiconductor devices.

New Funding Raised: €15M, Series A

Round Investors: World Fund (lead), Earlybird Venture Capital, Bayern Kapital, Creator Fund

🚀Growth Focus: Expand operations and its development efforts.

HQ: Munich, Germany

Industry: Semiconductor Manufacturing

Employee Count: 61

Aardaia develops novel crop breeding technologies, enabling the creation of high-protein, climate-resilient crops for sustainable food production.

New Funding Raised: €5M, Seed

Round Investors: Point Nine (lead), Dominic Roth, Astanor Ventures, Grey Silo Ventures

🚀Growth Focus: Expand its crop breeding platform and accelerate the development of the aardaker, a protein-rich tuber created from a wild plant to support more sustainable agriculture.

HQ: Wageningen, Netherlands

Industry: Biotechnology Research

Employee Count: 14

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