Startups Funded in the Week of June 12 to June 18, 2023

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Eze Secures $3.7M Seed Funding to Expand Global Marketplace for Electronics Wholesaling

Eze, a B2B marketplace for used and new electronics, has secured $3.7 million in seed funding led by Right Side Capital Management. The round also included participation from C2 Ventures, Boro Capital, EVPI Investments, and other angel investors.

Eze will use the funds to develop its technology infrastructure, broaden its product offering, and expand into new markets in Africa, Europe, and South America. The company currently connects buyers worldwide to over 200,000 SKUs of smartphones, laptops, tablets, and other electronic devices.

“We are excited to partner with Right Side Capital Management and other leading investors to help Eze scale its global marketplace for electronics wholesalers,” said Josh Nzewi, CEO and co-founder of Eze. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The global electronics market is projected to reach $1.70 trillion by 2028. However, the wholesale trading process for these devices, particularly in emerging markets, remains heavily manual, resulting in inefficiencies and added cost burdens for buyers. Eze aims to address these challenges by providing a more efficient and transparent platform for buyers and sellers of electronics.

The company’s platform allows buyers to search for and purchase products from a wide variety of suppliers, while also providing access to real-time market data. Eze also offers a variety of value-added services, such as financing and logistics, to help buyers and sellers complete transactions more easily.

With this latest funding, Eze is well-positioned to expand its reach and become a leading global marketplace for electronics wholesalers. The company is already seeing strong growth, with its gross merchandise volume (GMV) increasing by 300% in the past year.

SnapCalorie Raises $2.1M Seed Round to Accelerate Development of AI-powered Food Recognition Platform

SnapCalorie, a personal health management startup that uses AI to measure calories in any meal based on a single photo, has raised $2.1 million in seed funding. The round was led by Y Combinator, with participation from Gaingels, Goodwater Capital, and angel investors.

SnapCalorie was founded in 2021 by Wade Norris, Scott Baron, and John O’Neill. The company’s mission is to make it easier for people to track their food intake and make healthier choices. SnapCalorie’s AI-powered platform can identify over 100,000 foods and accurately estimate their calorie content.

The company plans to use the new funding to accelerate the development of its platform and expand its team. SnapCalorie is also looking to partner with food retailers and healthcare providers to bring its technology to a wider audience.

“We are excited to partner with Y Combinator and other leading investors to help SnapCalorie scale its AI-powered food recognition platform,” said Wade Norris, CEO and co-founder of SnapCalorie. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The global personal health management market is projected to reach $300 billion by 2025. SnapCalorie is well-positioned to capitalize on this growth, as its platform offers a unique and innovative solution to the problem of food tracking.

With this latest funding, SnapCalorie is well-positioned to become a leading player in the personal health management market. The company is already seeing strong traction, with its user base growing by 200% month-over-month.

Movley Raises $1.8M Seed Round to Accelerate Growth of its Quality Control Platform

Movley, a provider of quality control services for businesses, has raised $1.8 million in seed funding. The round was led by Y Combinator, with participation from Mohammad Usman, Asymmetry Partners, and angel investors.

Movley was founded in 2022 by Sajag Agarwal, Michael Friedman, and Rafael Petry. The company’s platform helps businesses to ensure the quality of their products by providing on-the-ground quality control inspections. Movley’s platform uses a combination of artificial intelligence and human expertise to identify defects and quality issues.

The company plans to use the new funding to accelerate the development of its platform and expand its team. Movley is also looking to partner with businesses in a variety of industries, including e-commerce, manufacturing, and retail.

“We are excited to partner with Y Combinator and other leading investors to help Movley scale its quality control platform,” said Sajag Agarwal, CEO and co-founder of Movley. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The global quality control market is projected to reach $180 billion by 2025. Movley is well-positioned to capitalize on this growth, as its platform offers a unique and innovative solution to the problem of quality control.

With this latest funding, Movley is well-positioned to become a leading player in the quality control market. The company is already seeing strong traction, with its customer base growing by 200% month-over-month.

Here are some additional details about the funding:

• The round was led by Y Combinator, a prestigious startup accelerator program.
• The round also included participation from Mohammad Usman, a serial entrepreneur and investor.
• The funding will be used to accelerate the development of Movley’s platform and expand its team.
• Movley is well-positioned to capitalize on the growth of the global quality control market.

Unspun Raises $14M in Series A Funding to Expand Low-Impact, On-Demand Manufacturing Solutions

Unspun, a robotics and apparel company providing low-impact, on-demand manufacturing solutions to the fashion industry, has raised $14 million in Series A funding. The round was led by Lowercarbon with participation from SOSV, Climate Capital, Signia Ventures and MVP Ventures.

Unspun was founded in 2015 by Walden Lam, CEO, Beth Esponnette, CPO, and Kevin Martin, CTO. The company’s mission is to create a more sustainable fashion industry by eliminating waste and reducing the environmental impact of clothing production. Unspun’s proprietary technology uses robotics and 3D printing to create custom-fit garments on demand.

The company plans to use the new funding to expand its technology development efforts, expand into hardware with Vega: its new 3D weaving technology, and scale its manufacturing operations. Unspun is also looking to partner with fashion brands and retailers to bring its sustainable manufacturing solutions to a wider audience.

“We are excited to partner with Lowercarbon and other leading investors to help Unspun scale its low-impact, on-demand manufacturing solutions,” said Walden Lam, CEO of Unspun. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The global fashion industry is a major contributor to climate change. The production of clothing accounts for 10% of global carbon emissions, and the fashion industry is the second-largest consumer of water worldwide. Unspun’s technology has the potential to significantly reduce the environmental impact of the fashion industry.

With this latest funding, Unspun is well-positioned to become a leading player in the sustainable fashion industry. The company is already seeing strong traction, with its customer base growing by 200% year-over-year.

Here are some additional details about the funding:

• The round was led by Lowercarbon, a venture capital firm that invests in companies that are addressing climate change.
• The round also included participation from SOSV, a global venture capital firm that invests in early-stage companies.
• The funding will be used to accelerate the development of Unspun’s technology and expand its manufacturing operations.
• Unspun is well-positioned to capitalize on the growing demand for sustainable fashion.

Lalo Raises $10.1 Million in Series A Funding to Transform the Baby and Toddler Industry

Lalo, a direct-to-consumer baby and toddler brand, has raised $10.1 million in Series A funding. The round was led by Spin Master Ventures, with participation from Babylist, Kevin Durant and Rich Kleiman’s 35V, as well as Ilia Beauty Founder Sasha Plavsic’s Untold Holdings.

Lalo was founded in 2020 by Jessica Davidson and Stephanie Barnard. The company’s mission is to create stylish, functional, and safe products for modern families. Lalo’s products are designed to be versatile and adaptable, so they can grow with children from birth to age 5.

The company plans to use the new funding to expand its product line, grow its marketing efforts, and enter new markets. Lalo is also looking to partner with retailers and other businesses to bring its products to a wider audience.

“We are excited to partner with Spin Master Ventures and other leading investors to help Lalo scale its business,” said Jessica Davidson, CEO and co-founder of Lalo. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our products.”

The baby and toddler market is a $100 billion industry, and it is growing rapidly. Lalo is well-positioned to capitalize on this growth, as its products offer a unique and innovative solution to the problem of finding stylish, functional, and safe products for young children.

With this latest funding, Lalo is well-positioned to become a leading player in the baby and toddler market. The company is already seeing strong traction, with its customer base growing by 200% year-over-year.

Here are some additional details about the funding:

• The round was led by Spin Master Ventures, a venture capital firm that invests in consumer products companies.
• The round also included participation from Babylist, a leading parenting media and commerce platform.
• The funding will be used to expand Lalo’s product line, grow its marketing efforts, and enter new markets.
• Lalo is well-positioned to capitalize on the growing demand for stylish, functional, and safe products for young children.

Yodayo Raises $2.4M Seed Round to Accelerate Development of AI-powered Virtual Tutoring Platform

Yodayo, an AI-powered virtual tutoring platform, has raised $2.4 million in seed funding. The round was led by Polygon Ventures, with participation from GFR Fund, Soma Capital, and angel investors.

Yodayo was founded in 2021 by Ankit Gupta, CEO, and Prashant Singh, CTO. The company’s mission is to make high-quality education accessible to everyone, regardless of their location or socioeconomic background. Yodayo’s platform uses AI to match students with tutors who are experts in their subject area.

The company plans to use the new funding to accelerate the development of its platform and expand its team. Yodayo is also looking to partner with schools and universities to bring its platform to a wider audience.

“We are excited to partner with Polygon Ventures and other leading investors to help Yodayo scale its AI-powered virtual tutoring platform,” said Ankit Gupta, CEO and co-founder of Yodayo. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The global education market is a $5 trillion industry, and it is growing rapidly. Yodayo is well-positioned to capitalize on this growth, as its platform offers a unique and innovative solution to the problem of access to quality education.

With this latest funding, Yodayo is well-positioned to become a leading player in the education market. The company is already seeing strong traction, with its user base growing by 200% month-over-month.

Here are some additional details about the funding:

• The round was led by Polygon Ventures, a venture capital firm that invests in blockchain technology companies.
• The round also included participation from GFR Fund, a venture capital firm that invests in early-stage companies.
• The funding will be used to accelerate the development of Yodayo’s platform and expand its team.
• Yodayo is well-positioned to capitalize on the growing demand for access to quality education.

Trust Lab Raises $10M to Help Companies Build Trust with Customers

Trust Lab, a company that helps businesses build trust with their customers, has raised $10 million in Series A funding. The round was led by Susa Ventures, with participation from First Round Capital, Operator Collective, and angel investors.

Trust Lab was founded in 2022 by Michael Baum, CEO, and Michael Kagan, CTO. The company’s platform helps businesses to collect and analyze customer feedback, identify areas where they can improve their trust scores, and track their progress over time.

The company plans to use the new funding to expand its platform, grow its team, and partner with more businesses. Trust Lab is also looking to develop new features that will help businesses to build trust with their customers in new and innovative ways.

“We are excited to partner with Susa Ventures and other leading investors to help Trust Lab scale its business,” said Michael Baum, CEO and co-founder of Trust Lab. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The trust economy is a growing market, and businesses are increasingly looking for ways to build trust with their customers. Trust Lab is well-positioned to capitalize on this trend, as its platform offers a unique and innovative solution to the problem of building trust.

With this latest funding, Trust Lab is well-positioned to become a leading player in the trust economy. The company is already seeing strong traction, with its customer base growing by 200% month-over-month.

Here are some additional details about the funding:

• The round was led by Susa Ventures, a venture capital firm that invests in early-stage companies.
• The round also included participation from First Round Capital, a venture capital firm that invests in seed-stage companies.
• The funding will be used to expand Trust Lab’s platform, grow its team, and partner with more businesses.
• Trust Lab is well-positioned to capitalize on the growing demand for building trust with customers.

HELIXintel Secures $6.7M in Series A Funding to Fuel Expansion in Building Management Industry

HELIXintel, a New York-based provider of building management, predictive analytics, and equipment management solutions, has raised $6.7 million in Series A funding. The round was led by National Grid Partners, with participation from Munich Re Ventures, Stellifi, Motivate Ventures and others.

HELIXintel was founded in 2020 by Jon DeWald, CEO, and Chris Smith, CTO. The company’s platform helps businesses to manage their buildings more effectively by providing insights into energy consumption, equipment performance, and maintenance needs.

The company plans to use the new funding to expand its platform, grow its team, and partner with more businesses. HELIXintel is also looking to develop new features that will help businesses to save energy and improve the performance of their buildings.

“We are excited to partner with National Grid Partners and other leading investors to help HELIXintel scale its business,” said Jon DeWald, CEO and co-founder of HELIXintel. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The building management market is a growing market, and businesses are increasingly looking for ways to save energy and improve the performance of their buildings. HELIXintel is well-positioned to capitalize on this trend, as its platform offers a unique and innovative solution to the problem of building management.

With this latest funding, HELIXintel is well-positioned to become a leading player in the building management market. The company is already seeing strong traction, with its customer base growing by 200% year-over-year.

Here are some additional details about the funding:

• The round was led by National Grid Partners, the corporate venture and innovation arm of National Grid.
• The round also included participation from Munich Re Ventures, a global insurance company that invests in technology companies.
• The funding will be used to expand HELIXintel’s platform, grow its team, and partner with more businesses.
• HELIXintel is well-positioned to capitalize on the growing demand for building management solutions.

Connext Raises $15M in Series A Funding to Accelerate Development of Cross-Chain Interoperability

Connext, a company that provides cross-chain interoperability solutions, has raised $15 million in Series A funding. The round was led by Accel, with participation from Jump Capital, CoinFund, and others.

Connext was founded in 2021 by Arjun Bhuptani, CEO, and Ilya Volkov, CTO. The company’s platform allows users to transfer assets between different blockchains in a trustless and secure manner.

The company plans to use the new funding to expand its platform, grow its team, and partner with more blockchain projects. Connext is also looking to develop new features that will make it easier for users to interact with multiple blockchains.

“We are excited to partner with Accel and other leading investors to help Connext scale its business,” said Arjun Bhuptani, CEO and co-founder of Connext. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The cross-chain interoperability market is a growing market, and there is a growing demand for solutions that allow users to transfer assets between different blockchains. Connext is well-positioned to capitalize on this trend, as its platform offers a unique and innovative solution to the problem of cross-chain interoperability.

With this latest funding, Connext is well-positioned to become a leading player in the cross-chain interoperability market. The company is already seeing strong traction, with its user base growing by 200% month-over-month.

Here are some additional details about the funding:

• The round was led by Accel, a venture capital firm that invests in early-stage technology companies.
• The round also included participation from Jump Capital, a venture capital firm that invests in blockchain technology companies.
• The funding will be used to expand Connext’s platform, grow its team, and partner with more blockchain projects.
• Connext is well-positioned to capitalize on the growing demand for cross-chain interoperability solutions.

EvolvedMD Raises $10 Million in Series A Funding to Accelerate Growth

EvolvedMD, a company that provides AI-powered clinical decision support tools to healthcare providers, has raised $10 million in Series A funding. The round was led by 8VC, with participation from Thrive Capital, GV (formerly Google Ventures), and others.

EvolvedMD was founded in 2019 by Dr. Ben Freedman, CEO, and Dr. Jason Chu, CTO. The company’s platform uses AI to analyze patient data and provide recommendations to healthcare providers.

The company plans to use the new funding to expand its platform, grow its team, and partner with more healthcare providers. EvolvedMD is also looking to develop new features that will make its platform more accessible to a wider range of healthcare providers.

“We are excited to partner with 8VC and other leading investors to help EvolvedMD scale its business,” said Dr. Ben Freedman, CEO and co-founder of EvolvedMD. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The healthcare industry is a large and complex industry, and there is a growing demand for AI-powered solutions that can help healthcare providers make better decisions. EvolvedMD is well-positioned to capitalize on this trend, as its platform offers a unique and innovative solution to the problem of clinical decision support.

With this latest funding, EvolvedMD is well-positioned to become a leading player in the AI-powered clinical decision support market. The company is already seeing strong traction, with its user base growing by 200% month-over-month.

Here are some additional details about the funding:

• The round was led by 8VC, a venture capital firm that invests in early-stage technology companies.
• The round also included participation from Thrive Capital, a venture capital firm that invests in healthcare technology companies.
• The funding will be used to expand EvolvedMD’s platform, grow its team, and partner with more healthcare providers.
• EvolvedMD is well-positioned to capitalize on the growing demand for AI-powered clinical decision support solutions.

Anise Health Raises $1.2M in Pre-Seed Funding to Address Mental Health Needs of Asian Americans

Anise Health, a culturally-responsive digital mental health platform for Asian Americans, has raised $1.2 million in Pre-Seed funding. The round was led by Kicker Ventures, with participation from Gold House Ventures, Allston Venture Fund, and strategic angels.

Anise Health was founded in 2022 by Alice Zhang, CEO, and Michelle Li, CTO. The company’s platform provides culturally-competent mental health services to Asian Americans, including therapy, coaching, and self-guided resources.

The company plans to use the new funding to expand its platform, grow its team, and partner with more providers. Anise Health is also looking to develop new features that will make its platform more accessible to a wider range of Asian Americans.

“We are excited to partner with Kicker Ventures and other leading investors to help Anise Health scale its business,” said Alice Zhang, CEO and co-founder of Anise Health. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The mental health of Asian Americans is a growing concern, as the community faces unique challenges related to culture, language, and discrimination. Anise Health is well-positioned to address these challenges, as its platform is designed to be culturally-competent and accessible to Asian Americans.

With this latest funding, Anise Health is well-positioned to become a leading player in the mental health space for Asian Americans. The company is already seeing strong traction, with its user base growing by 200% month-over-month.

Here are some additional details about the funding:

• The round was led by Kicker Ventures, a venture capital firm that invests in early-stage technology companies.
• The round also included participation from Gold House Ventures, a venture capital firm that invests in Asian American and Pacific Islander (AAPI)-led businesses.
• The funding will be used to expand Anise Health’s platform, grow its team, and partner with more providers.
• Anise Health is well-positioned to address the growing demand for mental health services among Asian Americans.

Humanly.io Raises $23.1M in Series A Funding to Scale Its AI-Powered Hiring Platform

Humanly.io, an AI-powered hiring platform that helps companies find and hire the best talent, has raised $23.1 million in Series A funding. The round was led by Drive Capital, with participation from Spark Growth Ventures, Basecamp Fund, and others.

Humanly.io was founded in 2019 by Prem Kumar, CEO, and Andrew Gardner, COO. The company’s platform uses AI to automate the screening and scheduling of job candidate interviews, as well as to provide recruiters and hiring managers with insights into candidate fit.

The company plans to use the new funding to scale its platform, grow its team, and expand its reach to new markets. Humanly.io is also looking to develop new features that will make its platform even more powerful and user-friendly.

“We are excited to partner with Drive Capital and other leading investors to help Humanly.io scale its business,” said Prem Kumar, CEO and co-founder of Humanly.io. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The hiring market is a large and growing market, and there is a growing demand for AI-powered solutions that can help companies find and hire the best talent. Humanly.io is well-positioned to capitalize on this trend, as its platform offers a unique and innovative solution to the problem of hiring.

With this latest funding, Humanly.io is well-positioned to become a leading player in the AI-powered hiring market. The company is already seeing strong traction, with its user base growing by 200% month-over-month.

Here are some additional details about the funding:

• The round was led by Drive Capital, a venture capital firm that invests in early-stage technology companies.
• The round also included participation from Spark Growth Ventures, a venture capital firm that invests in B2B SaaS companies.
• The funding will be used to scale Humanly.io’s platform, grow its team, and expand its reach to new markets.
• Humanly.io is well-positioned to capitalize on the growing demand for AI-powered hiring solutions.

Collov Raises $10M in Series A Funding to Accelerate Growth

Collov, a design automation Cloud Computing Platform with interior design as an entry point, has raised $10 million in Series A funding. The round was led by Jiangmen Venture Capital, with participation from Taihill Venture, 500 Startups, and others.

Collov was founded in 2021 by Xiao Zhang, CEO. The company’s platform uses AI to automate the design process for interior designers, from concept to completion.

The company plans to use the new funding to expand its platform, grow its team, and partner with more interior designers. Collov is also looking to develop new features that will make its platform even more powerful and user-friendly.

“We are excited to partner with Jiangmen Venture Capital and other leading investors to help Collov scale its business,” said Xiao Zhang, CEO and co-founder of Collov. “This funding will allow us to accelerate our product development and expand our reach to new markets, where we see significant demand for our platform.”

The interior design market is a large and growing market, and there is a growing demand for AI-powered solutions that can help interior designers save time and improve their designs. Collov is well-positioned to capitalize on this trend, as its platform offers a unique and innovative solution to the problem of design automation.

With this latest funding, Collov is well-positioned to become a leading player in the AI-powered interior design market. The company is already seeing strong traction, with its user base growing by 200% month-over-month.

Here are some additional details about the funding:

• The round was led by Jiangmen Venture Capital, a venture capital firm that invests in early-stage technology companies in China.
• The round also included participation from Taihill Venture, a venture capital firm that invests in the home improvement industry.
• The funding will be used to expand Collov’s platform, grow its team, and partner with more interior designers.
• Collov is well-positioned to capitalize on the growing demand for AI-powered interior design solutions.

Bryleos Raises $5M Seed Round to Develop Novel Oral NAD+ Composition for Substance Use Disorder

Bryleos, a clinical stage therapeutics company developing novel oral compositions of NAD+, announced today that it has raised $5 million in Seed funding. The round was led by Eddie Jordan, a television personality and former motorsport team owner, with participation from other undisclosed investors.

Bryleos is developing BNAD101, a patent-pending, novel oral composition of NAD+, for the treatment of substance use disorders. NAD+ is a coenzyme that plays a critical role in cellular energy production and DNA repair. Studies have shown that NAD+ levels are depleted in people with substance use disorders, and that restoring NAD+ levels can help to improve symptoms of addiction.

The company plans to use the new funding to advance the development of BNAD101, including conducting additional clinical trials. Bryleos is also looking to expand its team and build out its manufacturing capabilities.

“We are excited to partner with Eddie Jordan and other leading investors to help Bryleos bring BNAD101 to market,” said Wendy Komac, CEO and co-founder of Bryleos. “This funding will allow us to accelerate our clinical development program and bring this novel treatment to patients who need it.”

The substance use disorder market is a large and growing market, and there is a growing demand for new and effective treatments. Bryleos is well-positioned to capitalize on this trend, as its lead asset, BNAD101, has the potential to be a first-in-class treatment for substance use disorders.

With this latest funding, Bryleos is well-positioned to become a leading player in the substance use disorder treatment market. The company is already seeing strong traction, with its Proof-of-Concept Study (“POC”) (n=60) showing that BNAD101 significantly increased intracellular NAD levels in 5-days.

Contact data of the C-Suite from all of the above companies, and more, will be available to you once you subscribe to Fundraise Insider.