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 1/21/25 featuring funding details for OnPay, Parsyl, Whatnot, and fifteen other deals representing $1.3B in new funding that you need to know about.
Inari – $144.0M
Cambridge-based Inari is a seed design and biotechnology company developing seeds for a nature-positive food system. Founded by David Berry, Ignacio Martinez, and John Casey in 2016, Inari has now raised $708.0M in total equity funding and is backed by Abu Dhabi Investment Authority, Flagship Pioneering, Hanwha Impact Partners, NGS Super, and State of Michigan Retirement System.
Abstract – $4.8M
San Francisco-based Abstract is a Software-as-a-Service company in the Gov & Legal Tech sectors leveraging Applied AI to provide risk & opportunity analyses. Founded by Matthew Chang, Mohammed Hayat, and Patrick Utz in 2020, Abstracthas now raised $11.4M in total equity funding and is backed by Bonfire Ventures and Communitas Capital Partners.
Advanced Ionics – $6.7M
Milwaukee-based Advanced Ionics develops electrolyzers to produce affordable green hydrogen. Founded by Chad Mason in 2017, Advanced Ionics has now raised $26.3M in total equity funding and is backed by Argosy Foundation, BP, Clean Energy Ventures, JERA, and Lummus Technology.
Frontier Direct Care – $20.0M
Harlingen-based Frontier Direct Care is a healthcare provider offering direct primary care services through a membership model. Founded by Bibb Beale in 2018, Frontier Direct Care has now raised $24.9M in total equity funding and is backed by Mehshah Capital.
Innovaccer – $275.0M
San Francisco-based Innovaccer provides an AI cloud platform for healthcare data management and analytics. Founded by Abhinav Shashank, Kanav Hasija, and Sandeep K Gupta in 2014, Innovaccer has now raised $654.1M in total equity funding and is backed by B Capital, Banner Health, Danaher Ventures, Generation Investment Management, Kaiser Permanente, and M12 – Microsoft’s Venture Fund.
Parsyl – $20.0M
Denver-based Parsyl provides data-driven insurance for complex supply chains. Founded by Alex Haar, Ben Hubbard, and Mike Linton in 2017, Parsyl has now raised $62.8M in total equity funding and is backed by FirstTracks Ventures, GLP Capital Partners, HSCM Ventures, Lineage Ventures, and The Lightsmith Group.
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Rebellyous Foods – $2.4M
Seattle-based Rebellyous Foods is a food manufacturing technology and production company. Founded by Christie Lagally in 2017, Rebellyous Foods has now raised $47.4M in total equity funding and is backed by Clear Current Capital.
Zeto – $31.0M
Santa Clara-based Zeto is transforming EEG for hospitals with a wireless, zero-prep, dry electrode headset backed by a state-of-the-art cloud platform Founded by Aswin Gunasekar in 2014, Zeto> has now raised $54.4M in total equity funding and is backed by Mindworks Global.
OnPay – $63.0M
Atlanta-based OnPay is an HR software company that provides payroll, human resources, and benefits solutions for small and medium-sized businesses. Founded by Jesse Burgess in 2011, OnPay has now raised $69.0M in total equity funding and is backed by AB Private Credit Investors and Carrick Capital Partners.
Hippocratic AI – $141.0M
Palo Alto-based Hippocratic AI develops a safety-focused large language model for healthcare, safety, and accuracy. Founded by Alex Miller, Debajyoti Datta, Kim Parikh, Meenesh Bhimani, Munjal Shah, Saad Godil, Subhabrata Mukherjee, and Vishal Parikh in 2023, Hippocratic AI has now raised $276.0M in total equity funding and is backed by Andreessen Horowitz, General Catalyst, Kleiner Perkins, NVIDIA, PremjiInvest, SV Angel, Universal Health Services, and WellSpan Health.
Fazeshift – $4.0M
San Francisco-based Fazeshift automates accounts receivable processes using AI technology. Founded by Caitlin Leksana and Timmy Galvin in 2023, Fazeshift has now raised $4.5M in total equity funding and is backed by Gradient, Kulveer Taggar, Phoenix Fund, Pioneer Fund, Richard Aberman, Ritual Capital, Terrence Rohan, Wayfinder Ventures, and Y Combinator.
Fundraise Up – $40.0M
New York-based Fundraise Up is an online donation platform that helps nonprofits engage donors and increase revenue. Founded by Anton Isaykin, Peter Byrnes, and Yuriy Smirnov in 2017, Fundraise Up has now raised $52.1M in total equity funding and is backed by Summit Partners and Telescope Partners.
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Matic Insurance – $30.0M
Columbus-based Matic is a digital P&C insurance marketplace built for partners to simplify the insurance buying process. Founded by Aaron Schiff and Benjamin Madick in 2014, Matic Insurancehas now raised $81.0M in total equity funding and is backed by Vistara Growth.
Torch Dental – $17.0M
New York-based Torch Dental offers an all-in-one solution to simplify dental supply ordering and inventory management. Founded by Drew Werner, Khaled Boukadoum, and Yassine Boukadoum in 2017, Torch Dental has now raised $66.5M in total equity funding and is backed by Alumni Ventures, American Express Ventures, Bessemer Venture Partners, Health Velocity Capital, Parameter Ventures, and Raga Partners.
Whatnot – $265.0M
Marina Del Rey-based Whatnot is a livestream shopping platform for buying and selling products. Founded by Grant LaFontaine and Logan Head in 2019, Whatnot has now raised $749.7M in total equity funding and is backed by Andreessen Horowitz, avra, Bond, CapitalG, DST Global, Durable Capital Partners, Greycroft, Lightspeed Venture Partners, and Y Combinator Continuity Fund.
Firehawk Aerospace – $60.0M
Dallas-based Firehawk Aerospace designs and manufactures rocket motors powered by 3D printed propellant. Founded by Ronald Jones, Steve Edwards, and Will Edwards in 2020, Firehawk Aerospace has now raised $88.3M in total equity funding and is backed by 1789 Capital, BOKA Group, and Draper Associates.
Movement Labs – $100.0M
San Francisco-based Movement Labs is a modular framework platform that builds and deploys move-based blockchains and applications in distributed settings. Founded by Cooper Scanlon and Rushi Manche in 2023, Movement Labs has now raised $141.4M in total equity funding and is backed by BH Digital and CoinFund.
Francis Medical – $80.0M
Maple Grove-based Francis Medical is a medical technology company developing therapeutic solutions to treat prostate, kidney, and bladder cancer. Founded by Michael Hoey in 2018, Francis Medical has now raised $157.0M in total equity funding and is backed by Arboretum Ventures, Coloplast, Orlando Health Ventures, Solas BioVentures, and Tonkawa Investments.
Connect with NYC’s Most Influential Tech Leaders & Decision-Makers
The AlleyWatch network reaches the exact audience you need to connect with – NYC’s most innovative startups, tech companies, and business leaders who are reshaping industries globally. Our engaged audience includes:
- C-suite executives and key decision-makers
- Founders and entrepreneurs
- Venture capitalists and investors
- Technology and innovation leaders
Maximize your impact through our proven solutions:
• Premium brand placement
• Targeted lead generation
• Thought leadership opportunities
• Custom content partnerships
Ready to amplify your reach in NYC Tech?
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