💰The Funding Letter #1733: August 12

SetPoint Medical, Vulcan Elements, National Renewable Network, and more...

August 12, 2025

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

Hit the Gong 🎉

Source: @overheard_sales

Daily Deals 💸

🌎 Americas

SetPoint Medical has developed implantable neuromodulation devices to treat chronic inflammatory diseases, enabling patients and providers to access alternative treatment for rheumatoid arthritis. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $115M, Series D + $25M, Series C

Round Investors: Ally Bridge Group (lead), Elevage Medical Technologies (lead), Midas Capital, Sprig Equity

🚀Growth Focus: Support to fund neuromodulation for arthritis.

HQ: Valencia, CA

Industry: Medical Equipment Manufacturing

Employee Count: 80 (⚡10% increase in last 6 months)

BinSentry builds a supply chain platform for agriculture to monitor critical operations, allowing organizations to improve efficiency and profitability in livestock and grain management. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $50M, Series C

Round Investors: Lead Edge Capital (lead)

🚀Growth Focus: Support the acceleration of its global expansion.

HQ: Kitchener, Canada

Industry: Agriculture, Construction, Mining Machinery Manufacturing

Employee Count: 70 (⚡17% increase in last 6 months)

Softwear Automation provides machine vision and advanced robotics technology to automate the textile and garment supply chain, enabling industries to have automated sewing, built-to-scale sewn goods manufacturing. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $20M, Series B1

Round Investors: Invest FWD (lead), CTW Venture Partners, SRI Capital, MacDonald Ventures

🚀Growth Focus: Scale its revolutionary, sustainable leisurewear line.

HQ: Austell, GA

Industry: Automation Machinery Manufacturing

Employee Count: 42

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