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 9/2/23 featuring funding details for PatchRx, Allseated, Otto, and sixteen other deals representing $2.1B in new funding that you need to know about.
Allseated – $20.0M
San Francisco-based Allseated is an event planning tech platform facilitating immersive space visualization and collaboration within the hospitality industry. Founded by Yaron Lipshitz in 2011, Allseated has now raised a total of $43.4M in total equity funding and is backed by Level Equity Management, Magma Venture Partners, NYFF, Vestech Partners, and WGG Partners.
Mediafly – $80.0M
Chicago-based Mediafly offers a revenue enablement platform for enterprise B2B teams. Founded by Carson Conant in 2006, Mediafly has now raised a total of $136.8M in total equity funding and is backed by BIP Ventures and Boathouse Capital.
Better Life Partners – $26.5M
Hanover-based Better Life Partners provides medical and behavioral healthcare services to help people recover from addiction. Founded by Adam Groff and Steven Kelly in 2018, Better Life Partners has now raised a total of $38.3M in total equity funding and is backed by .406 Ventures, aMoon Fund, and F-Prime Capital.
Hyperproof – $40.0M
Bellevue-based Hyperproof is a cloud-based compliance operations software that collects evidence automatically and manages a compliance program. Founded by Craig Unger in 2018, Hyperproof has now raised a total of $62.3M in total equity funding and is backed by Riverwood Capital and Toba Capital.
The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
Apollo.io – $100.0M
San Francisco-based Apollo.io is a market sales platform that helps accelerate the growth of an organization. Founded by Ray Li, Roy Chung, and Tim Zheng in 2015, Apollo.io has now raised a total of $251.3M in total equity funding and is backed by Bain Capital Ventures, Nexus Venture Partners, Sequoia Capital, and Tribe Capital.
Realm – $9.7M
New York-based Realm is a platform that provides data and property insights into current and potential home value. Founded by Liz Young in 2019, Realm has now raised a total of $29.7M in total equity funding and is backed by Atreides Management.
Sortera Technologies – $30.5M
Fort Wayne-based Sortera Alloys manufactures low-cost, high-quality metal alloys for domestic manufacturing using its artificial intelligence technology. Founded by Nalin Kumar in 2020, Sortera Technologies has now raised a total of $50.5M in total equity funding and is backed by Assembly Ventures, Breakthrough Energy Ventures, Chrysalix Venture Capital, Macquarie Group, Mineral Resources, RA Capital Management, and T. Rowe Price.
Voxel – $12.0M
San Francisco-based Voxel uses computer vision and AI to enable security cameras to automate risk management and reporting, enhancing safety and operations. Founded by Alex Kaveh Senemar, Anurag Kanungo, Harishma Dayanidhi, and Troy Carlson in 2020, Voxel has now raised a total of $30.0M in total equity funding and is backed by Eclipse Ventures, MTech Capital, Rite-Hite, and World Innovation Lab (WiL).
Xerataus IQX – $25.0M
Charlotte-based Xerataus IQX provides healthcare intelligence solutions. Founded by Lucien Leighton in 2022, Xerataus IQX has now raised a total of $50.0M in total equity funding and is backed by IO Group.
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ConverSight – $9.0M
Indianapolis-based ConverSight is a platform that uncovers actionable business insights for enterprises through natural language conversation. Founded by Ganesh Gandhieswaran and Gopinath Jaganmohan in 2017, ConverSight has now raised a total of $12.0M in total equity funding and is backed by Augment Ventures, Elevate Ventures, Surface Ventures, and Techstars.
Redwood Materials – $1.0B
Carson City-based Redwood Materials is a battery recycling startup that makes electric vehicles and sustainable materials for circular supply chains. Founded by JB Straubel in 2017, Redwood Materials has now raised a total of $1.8B in total equity funding and is backed by Capricorn Investment Group, Caterpillar, Deepwater Asset Management, Goldman Sachs Asset Management, Microsoft Climate Innovation Fund, OMERS Ventures, and T. Rowe Price.
Agave – $2.5M
San Francisco-based Agave provides a unified API for data access across various construction software platforms. Founded by John Zucchi, Pooria Azimi, Samantha Zhang, and Tom Reno in 2021, Agave has now raised a total of $3.0M in total equity funding and is backed by Accel and Mischief.
Pirros – $2.0M
Los Angeles-based Pirros is a detail management system for architects and engineers. Founded by Ari Baranian and Peter Johann in 2022, Pirros has now raised a total of $2.1M in total equity funding and is backed by Carl Bass, FundersClub, Joseph Walla, Pioneer Fund, Ryan Sutton-Gee, TwentyTwo VC, and Y Combinator.
Rent Butter – $3.0M
Chicago-based Rent Butter provides a solution that combines bank transaction history and credit behavior analytics into a tenant performance report. Founded by Christopher Rankin and Thomas Raleigh in 2023, Rent Butter has now raised a total of $3.0M in total equity funding and is backed by RET Ventures.
The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
PatchRx – $8.0M
Tulsa-based PatchRx is a remote therapeutic management platform that boosts adherence and helps patients take medication on time. Founded by Andrew Aertker and Gavin Buchanan in 2020, PatchRx has now raised a total of $9.6M in total equity funding and is backed by Atento Capital, Cortado Ventures, Forum Ventures, Plains Ventures, and Vast Ventures.
CH4 Global – $29.0M
Henderson-based CH4 Global mission is to use sustainable aquaculture to impact climate change at scale. Founded by Nick Gerritsen and Steve Meller in 2018, CH4 Global has now raised a total of $45.0M in total equity funding and is backed by Cleveland Avenue, DCVC, and DCVC Bio.
Otto – $43.0M
Austin-based Otto provides an integrated mobile app extension to existing veterinarian practice management systems. Founded by Price Fallin and Steven Carter in 2015, Otto has now raised a total of $50.0M in total equity funding and is backed by Boehringer Ingelheim, Hill’s Pet Nutrition, and Mercury.
Peregrine Energy – $700.0M
Boulder-based Peregrine Energy is a manufacturing company that specializes in the acquisition, development, and operations of renewable assets. Founded by Hagen Lee in 2022, Peregrine Energy has now raised a total of $700.0M in total equity funding and is backed by CarVal Investors.
