Latest Startups Funded in the Week of May 22 to May 28, 2023

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Sixfold AI Raises $6.5M Seed Funding

Sixfold AI, a New York-based startup that uses generative AI to streamline the insurance underwriting process, has raised $6.5 million in seed funding. The round was led by Bessemer Venture Partners and included Crystal Venture Partners.

Sixfold’s software allows insurers to upload their own underwriting manuals and proprietary data. The system then employs generative AI algorithms to analyze the data and provide recommendations to underwriters as they review new applications. This can help insurers to speed up the underwriting process and make more accurate decisions.

Sixfold plans to use the funding to expand its team and develop new products. The company is also targeting new markets, including the United Kingdom and Europe.

This funding is a significant milestone for Sixfold AI and is a testament to the potential of generative AI to transform the insurance industry.

Wellthi Raises $2.32M Seed Funding

Wellthi, a Washington, D.C.-based fintech startup that provides a social finance platform for individuals and businesses, has raised $2.32 million in seed funding. The round was led by Virginia Venture Partners and included Northwestern Mutual Capital, Zeal Capital Partners, Techstars Washington DC Powered by J.P. Morgan, Plug and Play Accelerator, and several angel investors.

Wellthi’s platform allows users to save, invest, and build credit together with their community. The platform also provides users with access to financial education and resources.

Wellthi plans to use the funding to expand its team, grow its user base, and develop new features. The company is also targeting new markets, including the United Kingdom and Europe.

This funding is a significant milestone for Wellthi and is a testament to the growing demand for social finance solutions.

In addition to the funding, Wellthi has also been recognized for its innovative approach to financial services. The company was named one of the top 100 fintech startups in the world by KPMG and was also a finalist for the 2022 Fintech Innovation Award.

Wellthi is well-positioned to capitalize on the growing demand for social finance solutions. The company has a strong team, a proven product, and a growing user base. With the support of its investors, Wellthi is poised to become a leading player in the social finance space.

Successeve Raises $2M in Seed Funding

Successeve, a San Francisco-based CRM platform, has raised $2 million in seed funding. The round was led by Y Combinator, with participation from Accel Partners and New Enterprise Associates.

Successeve’s platform helps businesses to track and manage their customer interactions across all channels, including email, phone, social media, and chat. The platform also provides businesses with insights into their customers’ behavior and preferences, which can be used to improve customer satisfaction and loyalty.

Successeve plans to use the funding to expand its sales and marketing efforts, and to develop new features for its platform. The company is also targeting new markets, including Europe and Asia.

This funding is a significant milestone for Successeve and is a testament to the growing demand for customer relationship management (CRM) solutions. The global CRM market is expected to reach $83.2 billion by 2025, and Successive is well-positioned to capture a significant share of this market.

Successeve has a strong team, a proven product, and a growing customer base. With the support of its investors, Successive is poised to become a leading player in the CRM space.

Juiced Raises $100K in Seed Funding

Juiced, a Lewes, Delaware-based company that makes healthy cold-pressed and naturally squeezed juices, has raised $100K in seed funding. The round was led by Paul Evans and Hamish Williams.

Juiced’s juices are made with fresh, organic fruits and vegetables and are free of added sugar, preservatives, and artificial flavors. The juices are available for purchase online and at select retailers in Delaware, Pennsylvania, and New Jersey.

With this funding, Juiced plans to expand its production capacity, hire new employees, and launch a new marketing campaign. The company also plans to expand its product line to include smoothies, energy drinks, and other healthy snacks.

This funding is a significant milestone for Juiced and is a testament to the growing demand for healthy, convenient food options. The global healthy food market is expected to reach $1.7 trillion by 2025, and Juiced is well-positioned to capture a significant share of this market.

Juiced has a strong team, a proven product, and a growing customer base. With the support of its investors, Juiced is poised to become a leading player in the healthy food space.

Huli Raises $2.1M in Seed Funding

Huli, a Costa Rican company that develops software for the healthcare industry, has raised $2.1M in seed funding. The round was led by Carao Ventures, with participation from Pomona Impact.

Huli’s software helps healthcare providers to manage their patient records, schedule appointments, and communicate with patients. The software is designed to be easy to use and affordable, and it is currently being used by healthcare providers in Costa Rica, Panama, and the United States.

With this funding, Huli plans to expand its product development team, add new features to its software, and expand its sales and marketing efforts. The company also plans to enter new markets, including Mexico and Colombia.

This funding is a significant milestone for Huli and is a testament to the growing demand for healthcare software in Latin America. The global healthcare software market is expected to reach $350 billion by 2025, and Huli is well-positioned to capture a significant share of this market.

Huli has a strong team, a proven product, and a growing customer base. With the support of its investors, Huli is poised to become a leading player in the healthcare software space in Latin America.

Waterplan Closes $11 Million Series A Funding Round

Waterplan, a San Francisco-based startup that uses AI and remote sensing to quantify and mitigate water risk, has closed an oversubscribed Series A funding round of $11 million. The round was led by Base10 Partners, with participation from previous investors Giant Ventures, Transition Global, YCombinator, MCJ Collective, and the Branson Family.

With this investment, Waterplan plans to accelerate its product development, expand its team, and grow its customer base. The company’s platform helps businesses measure, respond, and report on their water risk, providing them with the insights they need to make informed decisions about water management.

Waterplan’s mission is to help businesses become more water secure. The company believes that water is a critical resource that needs to be protected, and it is committed to providing businesses with the tools they need to do so.

The funding round is a major milestone for Waterplan, and it is a testament to the company’s strong team and its innovative technology. Waterplan is well-positioned to make a significant impact on the water industry, and it is excited to continue its mission of helping businesses become more water secure.

Thoro.AI Closes $7 Million Series A Funding Round

Thoro.AI, a Pittsburgh-based startup that develops autonomous robots for cleaning and disinfection applications, has closed a $7 million Series A funding round. The round was led by Nilfisk, a global leader in cleaning and sanitation solutions, with participation from previous investors Carnegie Robotics and Revolution’s Rise of the Rest Seed Fund.

With this investment, Thoro.AI plans to accelerate the development of its autonomous robots and expand its sales and marketing efforts. The company’s robots are designed to clean and disinfect large, complex spaces such as hospitals, airports, and manufacturing facilities. They are equipped with a variety of sensors and cameras that allow them to navigate autonomously and avoid obstacles.

Thoro.AI’s mission is to make cleaning and disinfection more efficient and effective. The company believes that autonomous robots can play a significant role in reducing the spread of infection and improving public health.

The funding round is a major milestone for Thoro.AI, and it is a testament to the company’s strong team and its innovative technology. Thoro.AI is well-positioned to make a significant impact on the cleaning and disinfection industry, and it is excited to continue its mission of making cleaning and disinfection more efficient and effective.

Lifeforce Closes $12M Series A Funding

Lifeforce, a Los Angeles-based health optimization platform, has closed a $12 million Series A funding round. The round was led by M13 and Peterson Ventures, with participation from Ridgeline Ventures, Rosecliff Ventures, and Seaside Ventures.

Lifeforce’s platform uses data, tools, and expertise to help adults take control of their health. The platform includes at-home diagnostic blood tests, access to expert functional medicine physicians and certified health coaches, and data-driven highly personalized care plans.

With this funding, Lifeforce plans to accelerate growth, expand its offering, and consolidate its market position. The company is well-positioned to make a significant impact on the health and wellness industry.

Here are some additional details about the funding round:

• The round was oversubscribed, which means that there was more demand for investment than there was capital available. This is a positive sign for Lifeforce, as it indicates that investors are confident in the company’s future.
• The funding will be used to accelerate growth, expand the offering, and consolidate market position. This means that Lifeforce is planning to grow its customer base, add new features to its platform, and become the leading health optimization platform in the market.
• Lifeforce is well-positioned to make a significant impact on the health and wellness industry. The company has a strong team, a proven platform, and a large addressable market. With this funding, Lifeforce is poised to become a major player in the health and wellness industry.

Larkspur Biosciences Closes $35.5 Million Seed and Series A Funding Round

Larkspur Biosciences, a Watertown, Massachusetts-based biotechnology company building immunotherapies for cancer, has closed a $35.5 million seed and Series A funding round. The round was led by Polaris Innovation Fund, 3E Bioventures Capital, and Takeda Ventures. Other investors included Creacion Ventures, Med-Fine Capital and Cornell University.

Larkspur Biosciences is developing a new class of immunotherapies that target the unique ways that tumors hijack the immune system. The company’s lead program is an approach to lipid remodeling to uncloak tumors. Larkspur Biosciences is also developing a program targeting Pin1, a key mechanism of fibroblast differentiation to activate immune cells.

With this funding, Larkspur Biosciences plans to advance its lead program into clinical trials and to expand its research and development efforts. The company is well-positioned to make a significant impact in the field of cancer immunotherapy.

Here are some additional details about the funding round:

• The funding round was led by Polaris Innovation Fund, 3E Bioventures Capital, and Takeda Ventures. These are all well-respected investors in the life sciences industry.
• The funding will be used to advance Larkspur Biosciences’ lead program into clinical trials and to expand its research and development efforts. This is a significant milestone for the company, as it will allow them to test their therapy in patients and to learn more about its potential.
• Larkspur Biosciences is well-positioned to make a significant impact in the field of cancer immunotherapy. The company has a strong team, a promising lead program, and a large addressable market. With this funding, Larkspur Biosciences is poised to become a major player in the field of cancer immunotherapy.

Onyx Private Raises $4.1M Seed Round

Onyx Private, a digital bank for high-earning millennials and Gen Zers, announced on May 22, 2023 that it has raised $4.1M in a Seed round led by Village Global. Other investors in the round include Y Combinator, Global Founders Capital, One Way Ventures, 186 Ventures, and Olive Tree Capital.

Onyx Private offers a range of banking and investment services tailored to the needs of high-earning young professionals. These services include checking accounts, debit cards, cash back, high-yield investments, and a lifestyle concierge service.

The company plans to use the new funding to expand its product offerings, hire new employees, and grow its customer base.

In a statement, Onyx Private co-founder Victor Santos said, “We are excited to partner with this group of world-class investors who share our vision of building a modern, more accessible private bank for the next generation of affluent professionals.”

Onyx Private is headquartered in Miami, Florida.

Bellame Beauty Closes $15 Million Seed Round

Bellame Beauty, a direct-to-consumer beauty brand, announced on May 28, 2023 that it has closed a $15 million Seed round led by Microsoft’s M12 venture capital arm. Other investors in the round include Revolution’s Rise of the Rest Seed Fund, Freestyle Capital, and Correlation Ventures.

Bellame Beauty was founded in 2017 by former Avon executive Stacey Thompson. The company sells a range of beauty products, including cosmetics, skincare, and haircare. Bellame Beauty products are sold exclusively through the company’s website and through a network of independent beauty consultants.

The company plans to use the new funding to expand its product offerings, hire new employees, and grow its marketing efforts.

In a statement, Bellame Beauty CEO Stacey Thompson said, “We are excited to partner with this group of world-class investors who share our vision of building a leading direct-to-consumer beauty brand.”

Bellame Beauty is headquartered in Fort Worth, Texas.

Unlimited Closes $8 Million Series A

Unlimited, a company that uses machine learning to create products that replicate the index returns of alternative investments, announced on May 26, 2023 that it has closed an $8 million Series A round led by Initialized Capital. Other investors in the round include BoxGroup, Breyer Capital, and Lerer Hippeau.

Unlimited was founded in 2019 by former Goldman Sachs investment banker Andrew Chow and former Citadel quantitative analyst Brian Kohn. The company’s mission is to make the returns of alternative investments accessible to all. Unlimited’s products are designed to provide investors with exposure to a wide range of alternative investment strategies, including private equity, venture capital, and hedge funds.

The company plans to use the new funding to expand its product offerings, hire new employees, and grow its customer base.

In a statement, Unlimited CEO Andrew Chow said, “We are excited to partner with this group of world-class investors who share our vision of making alternative investments accessible to all.”

Unlimited is headquartered in New York City.

VIAS Campus Management Raises $3.3 Million in Series A Funding

VIAS Campus Management, an edtech software company offering a comprehensive student information system (SIS) for higher education institutions, has raised $3.3 million in Series A funding led by Arthur Ventures. The funding will be used to accelerate VIAS’s growth and development, and to expand its reach to more higher education institutions.

VIAS’s SIS is a cloud-based platform that provides a single source of truth for student data. It helps institutions to streamline their operations, improve efficiency, and make better decisions. VIAS’s SIS is currently used by over 50 colleges and universities, and the company has plans to expand to over 100 institutions in the next year.

With this funding, VIAS is well-positioned to continue its growth and become a leading provider of SIS solutions for higher education institutions. The company’s innovative approach to campus management is helping to improve the efficiency and effectiveness of higher education institutions, and the funding will allow VIAS to continue to make a positive impact on the education landscape.

Unplex Raises $600K in Pre-Seed Funding

Unplex, a fintech startup that is building a cross-border payments platform for global Indians, has raised $600K in pre-seed funding led by Antler. The funding will be used to develop Unplex’s platform and to expand its team.

Unplex was founded by Mohan Lath, Rahul Chaudhary, and Parag Sharma. The company’s mission is to make it easier and cheaper for global Indians to send money to their loved ones back home. Unplex’s platform will use blockchain technology to facilitate cross-border payments in a secure and efficient manner.

The global Indian diaspora is a large and growing market. There are an estimated 7.5 million Indian immigrants living in the United States, Canada, and the United Kingdom. These immigrants send billions of dollars in remittances to their families back home each year.

Unplex is well-positioned to capture a significant share of this market. The company has a strong team with experience in the fintech industry. Unplex’s platform is also unique in its use of blockchain technology.

With this funding, Unplex is well-positioned to become a leading player in the cross-border payments market for global Indians. The company’s platform has the potential to make it easier and cheaper for global Indians to send money to their loved ones back home.

Prim6 Raises $335K in Seed Funding

Prim6, a real estate intelligence company that provides data and analytics to commercial real estate professionals, has raised $335K in seed funding led by Google for Startups. The funding will be used to develop Prim6’s platform and to expand its team.

Prim6 was founded by Nicholas Adams and Jason Bates. The company’s mission is to help commercial real estate professionals make better decisions by providing them with access to the most comprehensive and up-to-date data. Prim6’s platform aggregates data from a variety of sources, including public records, property tax data, and market research. It then uses machine learning to analyze the data and generate insights that can help users make better investment decisions.

The commercial real estate market is a large and growing market. There are an estimated $200 trillion worth of real estate assets in the world. Prim6 is well-positioned to capture a significant share of this market. The company has a strong team with experience in the real estate industry. Prim6’s platform is also unique in its use of machine learning to analyze data.

With this funding, Prim6 is well-positioned to become a leading player in the real estate intelligence market. The company’s platform has the potential to help commercial real estate professionals make better decisions and to improve the efficiency of the real estate market.

BBy Raises $3M in Seed Funding

BBy, a healthtech startup that has developed a device that condenses breast milk to powder, has raised $3M in seed funding. The funding round was led by Pioneer Fund, with participation from Y Combinator, 7G Bioventures, Cathexis Ventures, and other angel investors.

BBy’s device is designed to make it easier and more efficient for hospitals to store and administer breast milk. The company’s technology condenses breast milk into a powder that can be stored at room temperature for up to 12 months. This eliminates the need for hospitals to freeze and thaw breast milk, which can be time-consuming and labor-intensive.

BBy’s funding will be used to accelerate the development of its device and to expand its commercialization efforts. The company plans to launch its device in hospitals in the United States in the coming months.

BBy’s technology has the potential to revolutionize the way breast milk is stored and administered in hospitals. The company’s device could help to improve the safety and quality of breast milk for premature and sick infants.

Here are some additional details about BBy’s funding:

• The funding round was announced on May 25, 2023.
• The total amount raised was $3M.
• The lead investor was Pioneer Fund.
• Other investors included Y Combinator, 7G Bioventures, Cathexis Ventures, and other angel investors.
• BBy plans to use the funding to accelerate the development of its device and to expand its commercialization efforts.
• BBy’s technology has the potential to revolutionize the way breast milk is stored and administered in hospitals.

Opus Raises $11.4M in Series A Funding

Opus, a New York-based startup that provides a platform for businesses to create and manage live video experiences, has raised $11.4M in Series A funding. The funding round was led by Stage 2 Capital, with participation from Bling Capital, BoxGroup, and other investors.

Opus’s platform allows businesses to create live video experiences that can be used for a variety of purposes, such as product launches, training sessions, and customer support. The platform also provides tools for businesses to manage their live video experiences, such as scheduling, moderation, and analytics.

Opus’s funding will be used to accelerate the development of its platform and to expand its sales and marketing efforts. The company plans to launch its platform to businesses in the United States and Europe in the coming months.

Opus’s platform has the potential to revolutionize the way businesses use live video. The company’s platform makes it easy for businesses to create and manage live video experiences, which can help businesses to connect with their customers in a more engaging and interactive way.

Here are some additional details about Opus’s funding:

• The funding round was announced on May 24, 2023.
• The total amount raised was $11.4M.
• The lead investor was Stage 2 Capital.
• Other investors included Bling Capital, BoxGroup, and other investors.
• Opus plans to use the funding to accelerate the development of its platform and to expand its sales and marketing efforts.
• Opus’s platform has the potential to revolutionize the way businesses use live video.

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