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The AlleyWatch Startup Daily Funding Report: 8/11/2023

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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 8/11/2023 featuring funding details for Spearbit, Longball Capital, and much more. This page will be updated throughout the day to reflect any new fundings.


Spearbit – $7M

Spearbit, a marketplace for web3 security solutions, has raised $7M in Seed funding led by Framework Ventures. Founded by Alex Beregszaszi and Jake Lang in 2021, Spearbit has now raised a total of $8.5M in reported equity funding.


Longball Capital – $4M

Longball Capital, an insurance provider for professional sports franchises, has raised $4M in funding according to a recent SEC filing. The filing indicates that there were nine investors in the round. Longball Capital was founded by John Abbamondi in 2023.


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Kernel Foods – $36M

Kernel Foods, an automated restaurant concept founded by the founder of Chipotle, has raised $36M in Series A funding from investors that include Willoughby Capital, Raga Partners, Rethink Food, and Virtru Investment Partners. Kernel Foods was founded by Steve Ells in 2023.


Verai AI – $3.3M

Vera AI, a conversational assistant to enforce and automate privacy, security, and fairness policies within an enterprise, has raised $3.3M in funding according to a recent SEC filing. The filing indicates that there were seventeen investors in the round. Vera AI was founded by Liz O’Sullivan in 2021.


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Tags: Alex BeregszasziFramework VenturesJake LangJohn AbbamondiKernel FoodsLiz O'SullivanLongball CapitalRaga PartnersRethink FoodSpearbitSteve EllsVerai AIVirtru Investment PartnersWilloughby Capital
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