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 10/29/22 featuring funding details for Joro, Resilia, Neocis, and twenty-one other deals representing $1.1B in new funding that you need to know about.
SwiftConnect — $17.0M – Series A
Stamford-based SwiftConnect digitizes the workplace experience by connecting the right people to the right space at the right time. Founded by Guillaume Vachon, Konrad Kruger, Matt Kopel, and Steeve Beliveau in 2020, SwiftConnect has now raised a total of $27.0M in total equity funding and is backed by 1414 Ventures, Bridge Investment Group, Crow Holdings, Cushman & Wakefield, Jamf, JLL Spark, Navitas Capital, Nuveen Investments, and World Trade Ventures (WTV).
Allstacks — $12.3M – Series A
Raleigh-based Allstacks is a Value Stream Intelligence platform for software organizations. Founded by Hersh Tapadia and Jeremy Freeman in 2017, Allstacks has now raised a total of $21.1M in total equity funding and is backed by Atlassian Ventures, Clutch VC, Companyon Ventures, Creative Co Capital, Hyperplane Venture Capital, and S3 Ventures.
Alto Neuroscience — $35.0M – Series B
Los Altos-based Alto Neuroscience is a clinical-stage biopharmaceutical company that creates precision medicines through its AI-driven biomarker platform. Founded by Amit Etkin, Dan Segal, and Wei Wu in 2019, Alto Neuroscience has now raised a total of $75.0M in total equity funding and is backed by Alkeon Capital, Apeiron Investment Group, Gaingels, Korify Capital, Lightswitch Capital, Novartis Pharma, Sobrato Capital, Valor Equity Partners, Vine Ventures, What If Ventures, and Windham Venture Partners.
Ascend Elements — $200.0M – Series C
Westborough-based Ascend Elements manufactures sustainable battery materials using elements from discarded lithium-ion batteries. Founded by Diran Apelian, Eric Gratz, and Yan Wang in 2015, Ascend Elements has now raised a total of $340.0M in total equity funding and is backed by At One Ventures, Doral Energy-Tech Ventures, Fifth Wall, Gly Capital Management, Hitachi Ventures, InMotion Ventures, Lithium Americas, Mirae Asset Capital, Oman Investment Fund, Orbia Ventures, Shinhan GIB, SK ecoplant, TDK Ventures, and TRUMPF Venture.
Bilt Rewards — $150.0M – Venture
New York-based Bilt Rewards offers a rewards program that allows renters to earn points on rent and create a path towards homeownership. Founded by Ankur Jain in 2021, Bilt Rewards has now raised a total of $213.3M in total equity funding and is backed by Camber Creek, Fifth Wall, GREYSTAR, Invitation Homes, Kairos HQ, Left Lane Capital, Prosus Ventures, Smash Capital, and Wells Fargo & Company.
Canary Technologies — $30.0M – Series B
San Francisco-based Canary Technologies provides hotels and other lodging properties with technology solutions to increase productivity and manage bookings. Founded by Harman Singh Narula and SJ Sawhney in 2017, Canary Technologies has now raised a total of $47.0M in total equity funding and is backed by Commerce Ventures, F-Prime Capital, Insight Partners, Thayer Ventures, and Y Combinator.
CharterUP — $60.0M – Series A
Atlanta-based CharterUP is a fully-integrated marketplace for charter bus reservations. Founded by Armir Harris in 2018, CharterUP has now raised a total of $60.0M in total equity funding and is backed by Tritium Partners.
Classera — $40.0M – Series A
San Francisco-based Classera is a provider of e-learning systems and services. Founded by Mohammad Alashmawi and Mohammad Almadani in 2011, Classera has now raised a total of $40.0M in total equity funding and is backed by 500 Global, Endeavor Catalyst, Global Ventures, Sanabil, SEEDRA Ventures, and Sukna Ventures.
Devtron — $12.0M – Venture
Del Mar-based Devtron is an open source DevOps platform. Founded by Nishant Kumar, Prashant Ghildiyal, and Rajesh Razdan in 2019, Devtron has now raised a total of $12.0M in total equity funding and is backed by Insight Partners and Leo Capital.
PreVeil — $20.0M – Series C
Boston-based PreVeil is a cybersecurity company, born out of research at MIT, that provides end-to-end encryption. Founded by Raluca Ada Popa, Randy Battat, and Sanjeev Verma in 2015, PreVeil has now raised a total of $27.0M in total equity funding and is backed by PSG.
Fermyon Technologies — $20.0M – Series A
Longmont-based Fermyon Technologies is a software development company that pioneers the next wave of cloud computing. Founded by Matt Butcher and Radu Matei in 2021, Fermyon Technologies has now raised a total of $30.0M in total equity funding and is backed by Amplify Partners, Armon Dadgar, Daniel Lopez, Grant Miller, Insight Partners, Lachlan Evenson, Marc Campbell, and Tyler McMullen.
Finexio — $35.0M – 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 $83.5M in total equity funding and is backed by Discover Personal Loans, EOM Investments, JP Morgan, Mendon Venture Partners, National Bank Holdings, Patriot Financial Partners, Post Road Partners, The Banc Funds, Trog Hawley Capital, and Valley National Bank.
ForeVR Games — $10.0M – Series A
Los Angeles-based ForeVR is a gaming company dedicated to bringing VR to the masses. Founded by Marcus Segal and Mike Pagano Doom in 2020, ForeVR Games has now raised a total of $18.5M in total equity funding and is backed by Bessemer Venture Partners and Galaxy Interactive.
Hazel Health — $51.5M – Series C
San Francisco-based Hazel Health is a healthcare company that improves the health and well-being of students by increasing access to healthcare. Founded by Nick Woods and Rob Darzynkiewicz in 2015, Hazel Health has now raised a total of $85.0M in total equity funding and is backed by Bain Capital Ventures, California HealthCare Foundation, Carrie Penner, Centene, Firework Ventures, HLM Venture Partners, Hopelab, Memorial Hermann Hospital, Owl Ventures, Tao Capital Partners, UCSF Foundation Investment Company, and Uprising Ventures.
HealthJoy — $60.0M – Series D
Chicago-based HealthJoy is a healthcare navigation platform that simplifies the healthcare and benefits experience using AI and personalized guidance. Founded by Doug Morse-Schindler and Justin Holland in 2014, HealthJoy has now raised a total of $109.8M in total equity funding and is backed by Brandon Cruz, CIBC Innovation Banking, Clint Jones, Endeavour Vision, EPIC Ventures, Health Velocity Capital, Nueterra Capital, U.S. Venture Partners, and Valspring Capital.
InfinyOn — $5.0M – Seed
Santa Clara-based InfinyOn is a programmable data streaming platform that manages data movement between users, services, and locations. Founded by A.J. Hunyady and Sehyo Chang in 2019, InfinyOn has now raised a total of $5.0M in total equity funding and is backed by Bessemer Venture Partners, Chris Schagen, Fly Ventures, Gradient Ventures, and TSVC.
Joro — $10.0M – Series A
Oakland-based Joro is an app that tracks the users’ carbon footprint and develops a climate action practice. Founded by Sanchali Pal in 2018, Joro has now raised a total of $13.5M in total equity funding and is backed by Amasia, Arrive, Incite.org, Mike Einziger, Norrsken VC, and Sequoia Capital.
Merge — $55.0M – Series B
San Francisco-based Merge integrates HR, payroll, recruiting, accounting, ticketing, and CRM platforms into a unified API. Founded by Gil Feig and Shensi Ding in 2020, Merge has now raised a total of $74.5M in total equity funding and is backed by Accel, Addition, and New Enterprise Associates.
OpenWeb — $170.0M – Series F
New York-based OpenWeb partners with publishers and brands to build audience relationships. Founded by Ishay Green, Nadav Shoval, and Roee Goldberg in 2015, OpenWeb has now raised a total of $393.0M in total equity funding and is backed by Georgian.
Perygee — $4.8M – Seed
Boston-based Perygee is an operationalized edge security solution that maintains and improves device functionality. Founded by Mark Watabe and Mollie Breen in 2020, Perygee has now raised a total of $6.3M in total equity funding and is backed by Ballistic Ventures, BBG Ventures, Bryson Bort, Corey Thomas, John Donovan, Ohad Finkelstein, and Ray Rothrock.
Resilia — $35.0M – Series B
New Orleans-based Resilia develops a business technology platform for non-profit businesses. Founded by Sevetri M Wilson in 2016, Resilia has now raised a total of $45.4M in total equity funding and is backed by Callais Capital, Chloe Capital, Cultivation Capital, Engage, Fearless Fund, Framework Venture Partners, Gaingels, Goldman Sachs Asset Management, Kimble Ventures, Mana Ventures, Mucker Capital, Panoramic Ventures, SB Opportunity Fund, and The JumpFund.
Sepio — $22.0M – Series B
Rockville-based Sepio’s Asset Risk Management sees, assesses and mitigates risk for all known and shadow IT assets. Founded by Bentsi Ben-Atar, Gregory F. Poch, and Yossi Appleboum in 2016, Sepio has now raised a total of $36.8M in total equity funding and is backed by Bess Ventures, Citi Ventures, Dafina Toncheva, Stanford University, U.S. Venture Partners, and World Trade Ventures (WTV).
Wispr — $10.0M – Seed
South San Francisco-based Wispr is building a more natural interface to interact with technology and bring it to every human on the planet. Founded by Sahaj Garg and Tanay Kothari in 2021, Wispr has now raised a total of $14.6M in total equity funding and is backed by 8VC, Arash Ferdowsi, Fred Ehrsam, Jeffrey Schox, Modern Venture Partners, Neo, New Enterprise Associates, TriplePoint Capital, and Vijay Krishnan.
Neocis — $40.0M – Venture
Miami-based Neocis develops robot-assisted dental implant surgery with the aim of transforming dental surgery using advanced robotics. Founded by Alon Mozes and Juan Salcedo in 2009, Neocis has now raised a total of $162.9M in total equity funding and is backed by DFJ Growth, Fred Moll, Intuitive Ventures, Mithril Capital Management, Norwest Venture Partners, Section 32, and Vivo Capital.
