💰The Funding Letter #1738: August 19

IVIX, Medallion, SpinLaunch, and more...

August 19, 2025

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

Hit the Gong 🎉

Source: @sales_bant_er

Daily Deals 💸

🌎 Americas

IVIX operates a shadow economy-combating platform to assist tax authorities in addressing black market challenges, enabling them to gain complete and continuous visibility into the shadow economy. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $60M, Series B

Round Investors: O.G. Venture Partners (lead), Cerca Partners, Cardumen Capital, Citi Ventures

🚀Growth Focus: Accelerate its research and development capabilities and widespread adoption of its AI-powered solution to illuminate and combat financial crime at scale.

HQ: New York, NY (most ee’s + roles in Tel Aviv, Israel)

Industry: Business Intelligence Platforms

Employee Count: 70 (⚡25% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring

Basic Capital develops a technology infrastructure company to provide the operational and software foundations for a new type of retirement investment product, enabling clients to secure long-term financing and establish a substantial initial investment base. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $25M, Series A

Round Investors: Forerunner (lead), Lux Capital (lead), Inspired Capital Partners, Westbound Equity Partners

🚀Growth Focus: Accelerate its expansion efforts to optimize and enhance 401(k) offerings for employers and employees.

HQ: New York, NY

Industry: Financial Services

Employee Count: 15 (⚡36% increase in last 6 months)

Luna Diabetes operates a healthcare company to offer diabetes care that provides innovative diabetes management technology to improve sleep, enabling healthcare professionals to enhance patient outcomes. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $23.6M, Series A

Round Investors: Vensana Capital (lead), Ascensia Diabetes Care, Winklevoss Capital, Swiss Diabetes Venture Fund

🚀Growth Focus: Support the development of its insulin delivery technology.

HQ: San Diego, CA

Industry: Medical Equipment Manufacturing

Employee Count: 14 (⚡17% increase in last 6 months)

TensorZero builds an open source platform to help large language model applications become defensible AI products, allowing engineers to assist, manage, and optimize the next generation of LLM products. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $7.3M, Seed

Round Investors: FirstMark (lead), Bedrock, Coalition Capital, Bessemer Venture Partners

🚀Growth Focus: Support to tackle the complex challenges of enterprise-grade Large Language Model development.

HQ: New York, NY

Industry: Technology, Information, and Internet

Employee Count: 5

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