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The AlleyWatch Startup Daily Funding Report: 3/23/2023

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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/23/2023 featuring funding details for MOGL, Amogy, and much more. This page will be updated throughout the day to reflect any new fundings.


MOGL – $2.6M

MOGL, a marketplace for student athletes to capitalize on Name, Image, and Likeness (NIL) opportunities, has raised $2.6M in Seed funding led by Magarac Venture Partners. Founded by Ayden Syal and Brandon Wimbush in 2019, MOGL has now raised a total of $5.5M in reported equity funding.


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Amogy – $139M

Amogy, a climate tech startup focused on decarbonizing heavy-duty transport through the use of emission-free ammonia as fuel, has raised $139M in Series B funding from investors that include Temasek Holdings, DCVC, AP Ventures, SK Innovation, Aramco Ventures, Zeon Ventures, MOL PLUS, Korea Zinc, and Yanmar Ventures. Founded by Seonghoon Woo and Hyunho Kim in 2020, Amogy has now raised a total of $208.3M in reported equity funding.


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C16 Biosciences – $5M

C16 Biosciences, a maker of biodesigned oils and fats offer a sustainable alternative to palm oil, has raised $5M in funding according to a recent SEC filing. The filing indicates that the total offering is for $10.2M and there were seventeen investors in the close. Founded by David Heller, Harry McNamara, and Shara Ticku in 2017, C16 Biosciences has now raised a total of $29M in reported equity funding.


Tags: AmogyAP VenturesAramco VenturesAyden SyalBrandon WimbushC16 BiosciencesDavid HellerDCVCHarry McNamaraHyunho KimKorea ZincMagarac Venture PartnersMOGLMOL PLUSSeonghoon WooShara TickuSK InnovationTemasek HoldingsYanmar VenturesZeon Ventures
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