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The AlleyWatch Startup Daily Funding Report: 6/7/2022

AlleyWatch by AlleyWatch
The AlleyWatch Startup Daily Funding Report: 6/7/2022
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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/7/2022 featuring funding details for Ethena, Nextiles, and much more. This page will be updated throughout the day to reflect any new fundings.

Ethena — $30M – Series B

Ethena, a compliance training platform, has raised $30M in Series B funding led by Lachy Groom. Founded by Anne Solmssen and Roxanne Bras Petraeus in 2019, Ethena has now raised a total of $50.4M in reported equity funding.

Nextiles — $5M – Seed

Nextiles, a materials company that has developed a smart fabric that’s capable of measuring performance for athletes, has raised $5M in Seed funding led by Drive by DraftKings. Nextiles was founded by Eugene Wang, George Sun, and Xavier Vargas in 2019.

Souq G-Commerce — $3.3M – Pre-Seed

Souq G-Commerce, a portfolio management platform for web3 gaming assets, has raised $3.3M in Pre-Seed funding led by Infinity Ventures Crypto and Kickstart. Souq G-Commerce was founded by Artem Germanov, JonPaul Vega, and Ken Berkowitz in 2020.

Street Smarts VR — $4.3M – funding according to a recent SEC filing

Street Smarts VR, a VR training platform for law enforcement and the military, has raised $4.3M in funding according to a recent SEC filing. The filing indicates that the round comes from twenty-two investors. Founded by Alice Formwalt and Oliver Noteware in 2017, Street Smarts VR has now raised a total of $6M in reported equity funding.

Tags: Alice FormwaltAnne SolmssenArtem GermanovDrive by DraftKingsEthenaEugene WangGeorge SunInfinity Ventures CryptoJonPaul VegaKen BerkowitzKickstartLachy GroomNextilesOliver NotewareRoxanne Bras PetraeusSouq G-CommerceStreet Smarts VRXavier Vargas
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