The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 7/30/22 featuring funding details for Finexio, Bryte, Topl, Butlr, and eighteen other rounds representing $1B in new funding that you need to know about.
86 Repairs — $15.2M – Series A
Chicago-based 86 Repairs is a subscription service platform that manages end-to-end equipment repair and maintenance for restaurants. Founded by Daniel Estrada and Joe Gallagher in 2018, 86 Repairs has now raised a total of $24.0M in total equity funding and is backed by Cleveland Avenue, Gordon Food Service, Lightbank, MATH Venture Partners, Savory Fund, Storm Ventures, and TDF Ventures.
Aptos — $150.0M – Series A
Palo Alto-based Aptos is a web3 startup that builds a scalable Layer 1 blockchain. Founded by Avery Ching and Mohammad Shaikh in 2021, Aptos has now raised a total of $350.0M in total equity funding and is backed by Andreessen Horowitz, Apollo, Circle Ventures, Franklin Templeton Investments, FTX Ventures, Griffin Gaming Partners, Jump Crypto, Multicoin Capital, Oak HC/FT, ParaFi Capital, and Superskrypt.
Arable — $40.0M – Series C
San Francisco-based Arable develops a software for agriculture that helps digitize and optimize decisions from seed breeding to food production. Founded by Adam Wolf, Ben Siegfried, and Kelly Caylor in 2014, Arable has now raised a total of $71.8M in total equity funding and is backed by Ajax Strategies, Galvanize Climate Solutions, iSelect, M2O, Middleland Capital, Prelude Ventures, Qualcomm Ventures, S2G Ventures, and Tridon.
Bento — $8.1M – Series A
Boston-based Bento is a fintech platform that provides modern dental insurance alternatives to the administration of dental benefit plans. Founded by Ram Sudireddy, Ram Sudireddy, and Satyender Mahajan in 2017, Bento has now raised a total of $10.2M in total equity funding and is backed by Companyon Ventures, Schooner Capital, and York IE.
Butlr — $20.0M – Series A
Burlingame-based Butlr is an AIoT and real-time behavior analytics platform helping companies create a better workplace and optimize their operations. Founded by Honghao Deng and Jiani Zeng in 2019, Butlr has now raised a total of $28.0M in total equity funding and is backed by Carrier Corporation, Hyperplane Venture Capital, Primetime Partners, Ray Stata, SAV (Scale Asia Ventures), Tectonic Ventures, The E14 Fund, Tiger Global Management, and Union Labs Ventures.
Cleerly — $223.0M – Series C
New York-based Cleerly is a digital healthcare company that offers heart disease diagnosis solutions. Founded by James K. Min in 2017, Cleerly has now raised a total of $280.5M in total equity funding and is backed by Breyer Capital, Cigna Ventures, DigiTx Partners, Fidelity Management and Research Company, LRVHealth, Mirae Asset Capital, New Leaf Ventures, Novartis, Peter Thiel, Piper Heartland Healthcare Capital, Sands Capital Ventures, T. Rowe Price, and Vensana Capital.
Datch — $10.0M – Series A
San Francisco-based Datch operates as an intelligent voice interface for industrial environments. Founded by Mark Fosdike in 2018, Datch has now raised a total of $13.7M in total equity funding and is backed by Blackhorn Ventures, Blue Bear Capital, and Stage Venture Partners.
Elation Health — $50.0M – Series D
San Francisco-based Elation Health is a technology platform designed for independent primary care, delivering clinical-first solutions. Founded by Conan Fong and Kyna Fong in 2010, Elation Health has now raised a total of $108.5M in total equity funding and is backed by Ascend Partners, Ascension Ventures, Fay Rotenberg, Generation Investment Management, Jonathan Bush, and Threshold.
Enko Chem — $70.0M – Series C
Mystic-based Enko Chem utilizes predictive analytics to develop products for farmers that protect their crops from pests and disease. Founded by Jacqueline Heard in 2017, Enko Chem has now raised a total of $124.7M in total equity funding and is backed by Alumni Ventures, Anterra Capital, Bill & Melinda Gates Foundation, Eight Roads Ventures, Endeavor8, Finistere Ventures, Germin8 Ventures, Novalis LifeSciences, Nufarm, Rabobank Food & Agri Innovation Fund, Taher Gozal, and TO Ventures Food.
Finexio — $14.0M – Series B
San Mateo-based Finexio offers a smart B2B payment network system for buyers and sellers which links payment rails to automate commercial payments. Founded by David McGuerty and Ernest Rolfson in 2015, Finexio has now raised a total of $62.5M in total equity funding and is backed by Discover Financial Services, EOM Investments, Mendon Venture Partners, National Bank Holdings, Post Road Partners, and The Banc Funds.
Kitchen United — $100.0M – Series C
Pasadena-based Kitchen United offers a turnkey solution for restaurant brands to profitably expand. Founded by Harry Tsao, John Miller, and Massimo Noja De Marco in 2017, Kitchen United has now raised a total of $150.0M in total equity funding and is backed by Alimentation Couche-Tard, Inc., B. Riley Venture Capital, Cali Group, DivcoWest, Fidelity Canada, General Global Capital, GoldenArc Capital, GV, Harry Tsao, HAVI, John Miller, Kroger, Michael Montagano, Peyton Manning, Phillips Edison & Company, Restaurant Brands International, Rich Products Ventures, RXR Realty, and Simon Property Group.
Latchel — $16.7M – Series A
San Francisco-based Latchel helps property managers with maintenance and work orders improving the experience with vendors. Founded by Ethan Lieber, Jullian Chavez, and Will Gordon in 2016, Latchel has now raised a total of $24.3M in total equity funding and is backed by 1984 Ventures, Bain Capital Ventures, F-Prime Capital, Hack VC, MetaProp, and RiverPark Ventures.
PixieBrix — $5.4M – Series A
New York-based PixieBrix is a low-code extension builder to rapidly customize and automate the web tools your teams already use Founded by Michael Mirandi and Todd Schiller in 2021, PixieBrix has now raised a total of $8.9M in total equity funding and is backed by New Enterprise Associates.
Viably — $21.0M – Seed
Cary-based Viably is an all-in-one financial management app for SMBs. Founded by Doron Gordon in 2021, Viably has now raised a total of $21.0M in total equity funding and is backed by Angular Ventures, Bull City Venture Partners, Salesforce Ventures, and Viola Ventures.
Bryte — $20.0M – Venture
Los Altos-based Bryte is a sleep technology company that designs and sells restorative intelligence products and services. Founded by Ely Tsern, John Tompane, and Jonathan Farringdon in 2016, Bryte has now raised a total of $45.5M in total equity funding and is backed by ARCHina Capital Partners and Tempur Sealy.
Sovrn — $36.0M – Series C
Boulder-based Sovrn is a publisher technology platform that offers services to online publishers to help them operate and grow their business. Founded by Stan James in 2014, Sovrn has now raised a total of $91.5M in total equity funding and is backed by Archer Venture Capital, Foundry Group, Lexington Partners, Progress Ventures, and Structural Capital.
Spotnana Technology — $75.0M – Series B
New York-based Spotnana is a travel tech startup that provides cloud-based travel technology to help corporations and agencies personalize booking. Founded by Sarosh Waghmar and Shikhar Agarwal in 2020, Spotnana Technology has now raised a total of $116.0M in total equity funding and is backed by Blank Ventures, Durable Capital Partners, ICONIQ Growth, Madrona Venture Group, and Mubadala Capital Ventures.
Topl — $15.0M – Series A
Houston-based Topl is an ESG technology company that is building a blockchain ecosystem to prove a businessâ ethical and sustainable business practices. Founded by Christopher Georgen, James Aman, and Kim Raath in 2017, Topl has now raised a total of $19.4M in total equity funding and is backed by Cryptology Asset Group, Mercury, and Republic.
Underdog Fantasy — $35.0M – Series B
Brooklyn-based Underdog Fantasy is platform designed for drafting football lineups for fantasy leagues. Founded by Brandon Stakenborg, Jeremy Levine, and Trevor John in 2020, Underdog Fantasy has now raised a total of $45.0M in total equity funding and is backed by Acies Investments and BlackRock.
Unstoppable Domains — $65.0M – Series A
San Francisco-based Unstoppable Domains launches domains secured by blockchains and builds uncensorable websites. Founded by Bogdan Gusiev, Brad Kam, Braden Pezeshki, and Matthew Gould in 2018, Unstoppable Domains has now raised a total of $72.0M in total equity funding and is backed by Alchemy Ventures, Alt Tab Capital, Boost VC, Broadhaven Capital Partners, CoinDCX, CoinGecko, Draper Associates, EI Ventures, Gaingels, Hard Yaka, Mayfield Fund, OKG Ventures, Pantera Capital, Polygon, Rainfall Ventures, Redbeard Ventures, Sound Media Ventures, The Spartan Group, and We3.
Nash — $20.0M – Series A
San Francisco-based Nash is a delivery orchestration platform that enables businesses to organize and manage their delivery. Founded by Aziz Alghunaim and Mahmoud Ghulman in 2021, Nash has now raised a total of $27.9M in total equity funding and is backed by 640 Oxford Ventures, Andreessen Horowitz, Rackhouse Venture Capital, and Y Combinator.
Workshop — $5.2M – Seed
Omaha-based Workshop is an internal communications platform that offers employee communication and internal marketing services. Founded by Ben Stevinson, Derek Homann, Dusty Davidson, and Rick Knudtson in 2020, Workshop has now raised a total of $8.7M in total equity funding and is backed by All Access Fund, Coelius Capital, M25, and McCarthy Capital.
