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The AlleyWatch Startup Daily Funding Report: 5/14/2024

AlleyWatch by AlleyWatch
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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/14/2024 featuring funding details for Polymarket, SmarterDx, and much more. This page will be updated throughout the day to reflect any new fundings.


Polymarket – $45M

Polymarket, a real-time prediction market platform, has raised $45M in Series B funding led by Founders Fund. Founded by Shayne Coplan in 2020, Polymarket has now raised a total of $74M in reported equity funding.


SmarterDx – $50M

SmarterDx, a clinical AI company that uses automation to optimize the healthcare revenue cycle, has raised $50M in Series B funding led by Transformation Capital. Founded by Joshua Geleris and Michael Gao in 2020, SmarterDx has now raised a total of $56M in reported equity funding.


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Crosby Health – $2.2M

Crosby Health, a healthcare AI platform that uses a proprietary clinical LLM to streamline claims denial management, has raised $2.2M in Pre-Seed funding led by Amplo Ventures. Crosby Health was founded by Louis Ciano and Rishi Gowda in 2022. AlleyWatch broke the news in an exclusive covering the round and much more – Crosby Health Raises $2.2M for its Clinical LLM That’s Revolutionizing Claims Denial Management for Healthcare Providers


Ernesta – $12.5M

Ernesta, a direct-to-consumer custom rug brand, has raised $12.5M in funding according to a recent SEC filing. The filing indicates that this round comes from three investors. Founded by Yong Feng, John Foley, and Hisao Kushi in 2022, Ernesta has now raised a total of $37.5M in reported equity funding.


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Tags: Crosby HealthErnestaFounders FundHisao KushiJohn FoleyJoshua GelerisLouis CianoMichael GaoPolymarketRishi GowdaShayne CoplanSmarterDxTransformation CapitalYong Feng
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