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 6/17/23 featuring funding details for Paro, SpotHopper, Humanly.io, and fifteen other deals representing $405M in new funding that you need to know about.
Adaptive Phage Therapeutics – $12.0M
Bethesda-based Adaptive Phage Therapeutics provides therapeutic services intended to treat multi-drug resistant pathogenic bacteria. Founded by Carl Merril, Greg Merril, and Gregory L. Merril in 2016, Adaptive Phage Therapeutics has now raised a total of $92.5M in total equity funding and is backed by AMR Action Fund and Deerfield Capital Management.
Blackbird.AI – $20.0M
Rochester-based Blackbird.AI develops narrative and risk intelligence tools for detecting emerging dangers and staying ahead of real-world harm. Founded by Naushad UzZaman and Wasim Khaled in 2017, Blackbird.AI has now raised a total of $30.6M in total equity funding and is backed by Dorilton Capital, Generation Ventures, Paul Kurtz, Richard Clarke, StartFast Ventures, Ten Eleven Ventures, and Trousdale Ventures.
CloudZero – $32.0M
Boston-based CloudZero is a SaaS platform offering real-time cost anomaly and waste detection to optimize cloud costs and prevent accidental overspend. Founded by Erik Peterson and Matt Manger in 2016, CloudZero has now raised a total of $47.6M in total equity funding and is backed by G20 Ventures, Innovius Capital, Matrix Partners, Threshold, and Underscore VC.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
Collov – $10.0M
Menlo Park-based Collov is a virtual interior design and shopping platform that offers interior design services. Founded by Nicole Wang and Xiao Zhang in 2019, Collov has now raised a total of $11.0M in total equity funding and is backed by Ameba Capital, Detao Capital, Jiangmen Venture Capital, and Taihill Venture.
Connext – $7.5M
San Francisco-based Connext is an interoperability protocol that enables fast, fully-trustless communication between blockchains. Founded by Arjun Bhuptani, Layne Haber, and Rahul Sethuram in 2017, Connext has now raised a total of $22.3M in total equity funding and is backed by 1kx, A.Capital Ventures, Coinbase Ventures, Dokia Capital, Ethereal Ventures, Factor, Fenbushi Capital, Hashed, IOSG Ventures, KXVC, NGC Ventures, NoLimit Holdings, Polychain, Polygon Ventures, and Scalar Capital.
CubicPV – $33.0M
Bedford-based CubicPV is a solar industry relies on legacy technologies with inherent limitations. Founded by Michael Irwin in 2021, CubicPV has now raised a total of $58.0M in total equity funding and is backed by Breakthrough Energy Ventures, Hunt Energy Enterprises, and SCG Cleanergy.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
Elastio Software – $18.0M
Reston-based Elastio’s modern data protection platform reduces operational risks in the cloud caused by ransomware, application failures and mistakes. Founded by Adam Nelson and Najaf Husain in 2020, Elastio Software has now raised a total of $18.0M in total equity funding and is backed by Alumni Ventures, Bain Capital Ventures, Capri Ventures, Uncorrelated Ventures, and Venture Guides.
EvolvedMD – $14.0M
Scottsdale-based EvolvedMD specializes in the integration of behavioral health services in modern primary care. Founded by Erik Osland in 2015, EvolvedMD has now raised a total of $29.4M in total equity funding and is backed by Conductive Ventures, FCA Venture Partners, Healthworx, Tectonic Ventures, and Waterline Ventures.
Humanly.io – $12.0M
Seattle-based Humanly.io is a conversational AI that engages with every single candidate. Founded by Andrew Gardner and Prem Kumar in 2020, Humanly.io has now raised a total of $17.1M in total equity funding and is backed by Drive Capital and Spark Growth Ventures.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
HUNGRY – $10.0M
Arlington-based Hungry is a food-tech catering company that connect customers to chefs, delivering fresh food to its customers. Founded by Eman Pahlavani and Shy Pahlevani in 2016, HUNGRY has now raised a total of $70.2M in total equity funding and is backed by Anfernee Simons, Athletes, Bobby Wagner, chefs, Laremy Tunsil, RGH Capital, and Roquan Smith.
Lalo – $10.1M
New York-based Lalo is a modern baby and toddler brand built for today’s families. Founded by Greg Davidson and Michael Wieder in 2019, Lalo has now raised a total of $15.7M in total equity funding and is backed by 35V, Babylist, Sasha Plavsic, and Spin Master Ventures. AlleyWatch broke the news in an exclusive covering the round and much more – Lalo Raises $10.1M for its Baby and Toddler Brand That Offers Thoughtfully-Designed and Safe Products
Paro – $25.0M
Chicago-based Paro provides on-demand bookkeeping and financial services powered by AI technology. Founded by Dan Wywrot and Michael Burdick in 2015, Paro has now raised a total of $67.0M in total equity funding and is backed by Madrona, Revolution Ventures, Sierra Ventures, and Top Tier Capital Partners.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
Primer – $69.0M
San Francisco-based Primer develops a text analytics solution designed to automate the analysis of textual data. Founded by Sean Gourley in 2015, Primer has now raised a total of $237.0M in total equity funding and is backed by Addition and US Innovative Technology Fund.
SiMa.ai – $13.0M
San Jose-based SiMa.ai is a machine learning startup that aims to deliver the industry’s first software-centric platform. Founded by Krishna Rangasayee and Steven J. Rosston in 2018, SiMa.ai has now raised a total of $190.0M in total equity funding and is backed by Navin Chaddha and VentureTech Alliance.
SpotHopper – $12.0M
Milwaukee-based SpotHopper empowers restaurants with a platform to enhance online presence, attract customers, and optimize operations. Founded by Aleksandar Ivanovic and Niko Ivanovic in 2015, SpotHopper has now raised a total of $26.0M in total equity funding and is backed by TVC Capital.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
