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 6/10/23 featuring funding details for Keeta, Curri, Instabase, and twelve other deals representing $600M in new funding that you need to know about.
Blackpoint Cyber – $190.0M
Ellicott City-based Blackpoint Cyber is a provider of cybersecurity threat hunting, detection, and response technology. Founded by Jon Murchison in 2014, Blackpoint Cyber has now raised a total of $201.4M in total equity funding and is backed by Accel, Adelphi Capital Partners, Bain Capital Tech Opportunities, Pelican Ventures, Telecom venture, and WP Global Partners.
Blumira – $15.0M
Ann Arbor-based Blumira is an end-to-end automated detection & response platform that simplifies and improves security for IT teams. Founded by Matthew Warner and Steve Fuller in 2018, Blumira has now raised a total of $27.9M in total equity funding and is backed by Hyde Park Angels, Jonathan Oberheide, Mercury, RPS Ventures, and Ten Eleven Ventures.
Carta Healthcare – $5.0M
San Francisco-based Carta Healthcare empowers hospitals to personalize the delivery of care to the individual needs of each patient. Founded by Anna Chukaeva and Matt Hollingsworth in 2017, Carta Healthcare has now raised a total of $42.3M in total equity funding and is backed by Memorial Hermann Foundation and UnityPoint Health.
Could your startup us a $1M investment, plus mentorship, and support to scale? Join 43North’s Why to Apply Webinar on June 20th! REGISTER HERE.
Charm Industrial – $100.0M
San Francisco-based Charm Industrial is putting oil back underground via bio-oil sequestration and industrial syngas production. Founded by James Tamplin, Kelly Hering, Kevin Meissner, Peter Reinhardt, and Shaun Meehan in 2018, Charm Industrial has now raised a total of $100.0M in total equity funding and is backed by Elad Gil, EXOR N.V., General Catalyst, Kinnevik, Lowercarbon Capital, and Thrive Capital.
Ecovative Design – $30.0M
Albany-based Ecovative Design is a biomaterials company focused on the development of innovative materials from natural growth processes. Founded by Eben Bayer and Gavin McIntyre in 2007, Ecovative Design has now raised a total of $114.0M in total equity funding and is backed by Alpha Impact Investment Management Partners, FootPrint Coalition, Standard Investments, and Viking Global Investors.
Hydrolix – $20.0M
Portland-based Hydrolix is an early-stage startup with an ambition to change the economics of high-density data. Founded by Hasan Alayli and Marty Kagan in 2018, Hydrolix has now raised a total of $30.0M in total equity funding and is backed by AV8 Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, and Wing Venture 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.
Instabase – $45.0M
San Francisco-based Instabase is a platform for businesses to build customizable apps for automating different parts of their business. Founded by Anant Bhardwaj in 2015, Instabase has now raised a total of $177.0M in total equity funding and is backed by Andreessen Horowitz, Greylock, K5 Global, New Enterprise Associates, SC Ventures, Spark Capital, and Tribe Capital.
Keeta – $17.0M
Santa Monica-based Keeta is a global payments platform that safely transfers money. Founded by Ty Schenk in 2022, Keeta has now raised a total of $17.0M in total equity funding and is backed by Eric Schmidt and Steel Perlot.
MatrixSpace – $10.0M
Burlington-based MatrixSpace focuses on AI-enabled sensing solutions that connect humans and intelligent machines. Founded by Gregory Waters and Jose Martinez Lorenzo in 2019, MatrixSpace has now raised a total of $20.1M in total equity funding and is backed by Intel Capital and Raptor Group.
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.
Shift5 – $33.0M
Arlington-based Shift5 is a cybersecurity company that provides hardware and software solutions to defend operational technology (OT) platforms. Founded by Josh Lospinoso in 2019, Shift5 has now raised a total of $105.5M in total equity funding and is backed by Booz Allen Ventures, JetBlue Ventures, Moore Strategic Ventures, and Teamworthy Ventures.
Sourcemap – $20.0M
New York-based Sourcemap develops enterprise software for end-to-end supply chain visibility. Founded by Leonardo A Bonanni in 2011, Sourcemap has now raised a total of $47.0M in total equity funding and is backed by Energize Ventures and The E14 Fund.
Curri – $42.0M
Ventura-based Curri is a construction materials provider that develops a last-mile delivery app that connects supply stores to customers. Founded by Brian Gonzalez and Matthew Lafferty in 2018, Curri has now raised a total of $48.2M in total equity funding and is backed by Bessemer Venture Partners, Brick & Mortar Ventures, Initialized Capital, Rainfall Ventures, and Santa Barbara Venture Partners.
Could your startup us a $1M investment, plus mentorship, and support to scale? Join 43North’s Why to Apply Webinar on June 20th! REGISTER HERE.
Yuvo – $20.2M
New York-based Yuvo is a value-based contracting and administrative partner focusing on the needs of community health centers. Founded by Carmelo Cruz Reyes, Cesar Herrera, Janel Sia, and Stephanie Hudson in 2021, Yuvo has now raised a total of $27.9M in total equity funding and is backed by AlleyCorp, AV8 Ventures, HLM Venture Partners, Mastry Ventures, New York Ventures, Route 66 Ventures, Social Innovation Fund Ireland, and VamosVentures. AlleyWatch broke the news in an exclusive covering the round and much more – Yuvo Health Raises $20.2M to Provide the Technology to Power Community Health Centers
Candesant Biomedical – $35.0M
San Francisco-based Candesant Biomedical develops treatment for excessive sweating and hyperhidrosis. Founded by Jacob Waugh and Niquette Hunt in 2016, Candesant Biomedical has now raised a total of $44.1M in total equity funding and is backed by Astia, Correlation Ventures, KCK Medtech, and Polaris Partners.
RxLightning – $17.5M
New Albany-based RxLightning automates the manual enrollment process of starting a patient on specialty medications. Founded by Brad Allen and Julia Regan in 2020, RxLightning has now raised a total of $20.5M in total equity funding and is backed by HealthX Ventures, Hearst Ventures, LRVHealth, McKesson Ventures, Novartis, and Onco360 Oncology Pharmacy.
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.
