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Startups Funded in the Week of May 29 to June 4, 2023

RealBlocks Secures $10 Million Extension to Series A

RealBlocks, a technology platform for alternative investments, has secured an additional $10 million in funding, bringing its total Series A round to $20.7 million. The round was led by Crosslink Capital and Left Lane Capital, and will be used to scale RealBlocks’ platform and expand its reach to more investors.

RealBlocks’ platform provides a single digital solution for the entire lifecycle of alternative investments, from onboarding and due diligence to trading and secondary market liquidity. The platform is designed to make it easier for accredited investors to access alternative investments, which have historically been difficult and expensive to acquire.

With this latest funding, RealBlocks is well-positioned to continue its growth and become a leading platform for alternative investments. The company has already seen significant traction, with over $1 billion in assets under management. RealBlocks is poised to play a major role in the growing alternative investment market.

Here are some additional details about the funding round:

  • The round was led by Crosslink Capital and Left Lane Capital.
  • The round brings RealBlocks’ total funding to $20.7 million.
  • The funds will be used to scale RealBlocks’ platform and expand its reach to more investors.
  • RealBlocks’ platform provides a single digital solution for the entire lifecycle of alternative investments.
  • RealBlocks is well-positioned to continue its growth and become a leading platform for alternative investments.

Telgorithm Closes $4.7M Seed Round

Telgorithm, a compliance-based messaging platform for SaaS providers, has closed a $4.7 million seed round led by Bonfire Ventures. The round also included participation from Daher Capital, Amplify.LA, and I2BF Global Ventures.

Telgorithm’s platform allows SaaS providers to build and support messaging features in their applications without having to worry about compliance or infrastructure. The platform is designed to be easy to use and scalable, and it supports a wide range of messaging protocols, including SMS, MMS, and WhatsApp.

With this funding, Telgorithm plans to expand its team, add new features to its platform, and grow its customer base. The company is well-positioned to capitalize on the growing demand for compliance-based messaging solutions, and it is poised to become a leading provider in this space.

Here are some additional details about the funding round:

  • The round was led by Bonfire Ventures.
  • The round included participation from Daher Capital, Amplify.LA, and I2BF Global Ventures.
  • The funding will be used to expand Telgorithm’s team, add new features to its platform, and grow its customer base.
  • Telgorithm is well-positioned to capitalize on the growing demand for compliance-based messaging solutions.

Credit Genie Closes $4M Series A Funding

Credit Genie, a personal finance platform, has closed a $4 million Series A funding round led by Tippet Venture Partners. The round also included participation from Gabriel Investments.

Credit Genie is a mobile app that provides users with access to a variety of financial tools, including cash advances, budgeting tools, and credit monitoring. The company’s mission is to help people improve their financial health and achieve their financial goals.

With this funding, Credit Genie plans to expand its team, develop new products and services, and grow its user base. The company is well-positioned to capitalize on the growing demand for personal finance solutions, and it is poised to become a leading provider in this space.

Here are some additional details about the funding round:

  • The round was led by Tippet Venture Partners.
  • The round also included participation from Gabriel Investments.
  • The funding will be used to expand Credit Genie’s team, develop new products and services, and grow its user base.
  • Credit Genie is well-positioned to capitalize on the growing demand for personal finance solutions.

Galvanick Closes $10M Seed Funding

Galvanick, a cybersecurity startup that develops an Extended Detection and Response (XDR) platform for industrial infrastructure, has closed a $10 million seed funding round. The round was led by MaC Venture Capital, with participation from Founders Fund, Village Global, Countdown Capital, Hanover Technology Investment Management, Shrug Capital, 8090 Industries, and over 25 angel investors specializing in cybersecurity, manufacturing, finance, and defense.

Galvanick’s platform is designed to help industrial organizations detect and respond to cyber threats more quickly and effectively. The platform uses artificial intelligence and machine learning to analyze data from a variety of sources, including industrial control systems, operational technology, and IT systems. This allows Galvanick to identify threats that may not be visible to traditional security solutions.

With this funding, Galvanick plans to expand its team, accelerate product development, and grow its customer base. The company is well-positioned to capitalize on the growing demand for cybersecurity solutions for industrial organizations.

Here are some additional details about the funding round:

  • The round was led by MaC Venture Capital.
  • The round also included participation from Founders Fund, Village Global, Countdown Capital, Hanover Technology
  • Investment Management, Shrug Capital, 8090 Industries, and over 25 angel investors specializing in cybersecurity, manufacturing, finance, and defense.
  • The funding will be used to expand Galvanick’s team, accelerate product development, and grow its customer base.
  • Galvanick is well-positioned to capitalize on the growing demand for cybersecurity solutions for industrial organizations.

Vectara Closes $28.5M Seed Funding

Vectara, a generative AI conversational search platform, has closed a $28.5 million seed funding round led by Race Capital. The round also included participation from Emad Mostaque, Matei Zaharia, and others.

Vectara’s platform uses generative AI to create conversational search experiences that are more natural and engaging than traditional search. The platform is designed to help users find information more quickly and easily, and to provide them with a more personalized experience.

With this funding, Vectara plans to expand its team, develop new products and services, and grow its customer base. The company is well-positioned to capitalize on the growing demand for conversational search solutions.

Modulo Bio Receives $8M Series A Funding

Modulo Bio, a San Diego-based biotech startup, announced on June 1, 2023 that it has raised $8 million in Series A funding. The round was led by Initialized Capital, with participation from Cantos, Bioverge, Spacecadet, Builders VC, Refactor Capital, and Hawktail.

Modulo Bio is developing a new class of drugs to treat neurodegenerative diseases such as Alzheimer’s, Parkinson’s, ALS, and FTD. The company’s approach is to target microglia, a type of immune cell in the brain that plays a role in both protecting and damaging neurons.

The funding will be used to advance Modulo Bio’s lead drug candidate into clinical trials. The company is also planning to expand its team and build out its manufacturing capabilities.

“We are excited to bring our novel approach to neurodegenerative diseases to patients,” said Michael Horowitz, CEO of Modulo Bio. “We believe that our platform has the potential to transform the way these diseases are treated.”

This funding is a significant milestone for Modulo Bio, and it brings the company one step closer to its goal of developing new treatments for neurodegenerative diseases.

Transak Secures $20M Series A to Solve Web3 Onboarding End-to-End

Transak, a fiat on/off ramp developer integration for Web3 and crypto apps, announced on May 30, 2023 that it has secured $20 million in Series A funding. The round was led by NoLimit Holdings, with participation from Genting Ventures, Animoca Brands, Mechanism Capital, and others.

Transak provides a suite of tools that allow developers to integrate fiat on/off ramps into their Web3 and crypto apps. The company’s platform supports over 100 payment methods and 200 fiat currencies, making it easy for users to buy and sell crypto.

The funding will be used to expand Transak’s product offerings, grow its team, and enter new markets. The company is also planning to launch a new product called Transak Pay, which will allow businesses to accept payments from customers in crypto.

“We are excited to partner with NoLimit Holdings and our other investors to accelerate our growth and mission,” said Transak CEO Radi Choueiri. “We believe that our platform has the potential to revolutionize the way people buy and sell crypto.”

This funding is a significant milestone for Transak, and it brings the company one step closer to its goal of making crypto more accessible to everyone.

UpdateAI Raises $2.3M in Seed Funding

UpdateAI, a Pasadena, California-based startup that uses artificial intelligence to help customer success managers (CSMs) be more productive, announced on June 1, 2023 that it has raised $2.3 million in Seed funding. The round was led by IdealabX, with participation from Stage Venture Partners, Zoom Ventures, a16z’s scout fund and Howard Morgan.

UpdateAI’s platform uses natural language processing and machine learning to automatically generate meeting notes, identify key customer feedback, and suggest follow-up actions. This frees up CSMs to focus on more strategic tasks, such as building relationships with customers and driving adoption.

The company plans to use the funding to expand its team, develop new features, and grow its customer base.

“We are excited to partner with IdealabX and our other investors to accelerate our growth and mission,” said Josh Schachter, CEO of UpdateAI. “We believe that our platform has the potential to revolutionize the way CSMs work.”

This funding is a significant milestone for UpdateAI, and it brings the company one step closer to its goal of making customer success more efficient and effective.

Here are some additional details about the funding:

  • The round brings UpdateAI’s total funding to $2.3 million.
  • The company has 10 employees and is headquartered in Pasadena, California.
  • UpdateAI’s platform is currently in beta and is available to a limited number of customers.
  • The company plans to launch its platform to the public in the coming months.

8Flow.ai Raises $6.6M Seed Funding to Automate Customer Support

8Flow.ai, a San Francisco-based startup that provides a self-learning automation engine for customer support, announced on June 1, 2023 that it has raised $6.6 million in Seed funding. The round was led by Caffeinated Capital, with participation from BoxGroup, Liquid2, HNVR and Trilogy.

8Flow.ai’s platform uses machine learning to automate repetitive tasks in customer support, such as triaging tickets, responding to questions, and resolving issues. This frees up customer support agents to focus on more complex tasks, such as providing personalized support and building relationships with customers.

The company plans to use the funding to expand its team, develop new features, and grow its customer base.

“We are excited to partner with Caffeinated Capital and our other investors to accelerate our growth and mission,” said Michael Scarpelli, CEO of 8Flow.ai. “We believe that our platform has the potential to revolutionize the way customer support is delivered.”

This funding is a significant milestone for 8Flow.ai, and it brings the company one step closer to its goal of making customer support more efficient and effective.

Here are some additional details about the funding:

  • The round brings 8Flow.ai’s total funding to $6.6 million.
  • The company has 10 employees and is headquartered in San Francisco.
  • 8Flow.ai’s platform is currently in beta and is available to a limited number of customers.
  • The company plans to launch its platform to the public in the coming months.

Ferretly Raises $12 Million in Series A Funding

Ferretly, a San Francisco-based startup that provides a platform for businesses to manage their customer data, announced on June 1, 2023 that it has raised $12 million in Series A funding. The round was led by Accel, with participation from existing investors Bedrock Capital and Slow Ventures.

Ferretly’s platform helps businesses to collect, organize, and analyze their customer data. This data can then be used to improve customer service, marketing, and sales.

The company plans to use the funding to expand its team, develop new features, and grow its customer base.

UpCodes Raises $10 Million in Seed Funding

UpCodes, a Seattle-based startup that provides a platform for homeowners to design and build their own homes, announced on June 1, 2023 that it has raised $10 million in Seed funding. The round was led by Abstract Ventures, with participation from Vulcan Capital, Madrona Venture Group, and others.

UpCodes’ platform allows homeowners to design their own homes using a drag-and-drop interface. The platform also provides homeowners with access to a team of architects and engineers who can help them to bring their designs to life.

The company plans to use the funding to expand its team, develop new features, and grow its customer base.

Intrepid Automation Raises $10 Million in Seed Funding

Intrepid Automation, a San Francisco-based startup that provides a platform for businesses to automate their manual tasks, announced on June 1, 2023 that it has raised $10 million in Seed funding. The round was led by Y Combinator, with participation from Kleiner Perkins, Initialized Capital, and others.

Intrepid Automation’s platform uses machine learning to automate repetitive tasks, such as data entry, customer support, and marketing. This frees up employees to focus on more productive tasks.

The company plans to use the funding to expand its team, develop new features, and grow its customer base.

Lynk Global Raises $5 Million in Seed Funding

Lynk Global, a San Francisco-based startup that provides a platform for businesses to connect with customers in emerging markets, announced on June 1, 2023 that it has raised $5 million in Seed funding. The round was led by 500 Startups, with participation from Goodwater Capital, GGV Capital, and others.

Lynk Global’s platform provides businesses with a way to reach customers in emerging markets through a variety of channels, including mobile, SMS, and WhatsApp. The platform also provides businesses with analytics and insights into their customer base.

The company plans to use the funding to expand its team, develop new features, and grow its customer base.

MindsDB Raises $2 Million in Seed Funding

MindsDB, a San Francisco-based startup that provides a platform for businesses to build and deploy AI models, announced on June 1, 2023 that it has raised $2 million in Seed funding. The round was led by Neo, with participation from Initialized Capital, and others.

MindsDB’s platform allows businesses to build and deploy AI models without having to write any code. The platform also provides businesses with a way to manage and monitor their AI models.

The company plans to use the funding to expand its team, develop new features, and grow its customer base.

Telgorithm Raises $20M in Series B Funding

Telgorithm, a San Francisco-based startup that provides a platform for businesses to manage their data, announced on June 1, 2023 that it has raised $20 million in Series B funding. The round was led by Accel, with participation from existing investors Bedrock Capital and Slow Ventures.

Telgorithm’s platform helps businesses to collect, organize, and analyze their data. This data can then be used to improve customer service, marketing, and sales.

The company was founded in 2020 by two former Google engineers, and it has since grown to a team of 20 employees. Telgorithm’s platform is currently used by businesses of all sizes, including startups, SMBs, and enterprises.

With the new funding, Telgorithm plans to expand its team, develop new features, and grow its customer base. The company is also looking to expand into new markets, such as Europe and Asia.

Tethon 3D Raises $100M in Series D Funding

Tethon 3D, a Salt Lake City-based startup that provides a platform for businesses to 3D print their products, announced on June 1, 2023 that it has raised $100 million in Series D funding. The round was led by Koch Disruptive Technologies, with participation from existing investors Foundry Group, NEA, and others.

Tethon 3D’s platform provides businesses with a way to 3D print their products without having to invest in their own 3D printers. The platform also provides businesses with access to a team of engineers who can help them to design and print their products.

The company was founded in 2015 by two engineers who were frustrated with the high cost and complexity of traditional 3D printing. Tethon 3D’s platform has since been used by businesses of all sizes, including startups, SMBs, and enterprises.

With the new funding, Tethon 3D plans to expand its team, develop new features, and grow its customer base. The company is also looking to expand into new markets, such as Europe and Asia.

LTZ Therapeutics Raises $50M in Series C Funding

LTZ Therapeutics, a San Francisco-based startup that is developing a new class of drugs to treat cancer, announced on June 1, 2023 that it has raised $50 million in Series C funding. The round was led by TPG Biotech, with participation from existing investors Versant Ventures, OrbiMed Advisors, and others.

LTZ Therapeutics’ drugs work by targeting a new pathway in cancer cells that is essential for their growth and survival. The company is currently in clinical trials with its lead drug, LTZ-100, for the treatment of multiple myeloma.

The company was founded in 2017 by a team of cancer researchers who were looking for new ways to treat cancer. LTZ Therapeutics’ drugs have the potential to be a major breakthrough in the fight against cancer.

With the new funding, LTZ Therapeutics plans to advance its clinical trials, develop new drugs, and expand its team. The company is also looking to partner with other pharmaceutical companies to bring its drugs to market.

Ole Insurance Group Raises $25M in Series A Funding

Ole Insurance Group, a San Francisco-based startup that provides insurance for businesses in emerging markets, announced on June 1, 2023 that it has raised $25 million in Series A funding. The round was led by Accel, with participation from existing investors Goodwater Capital and Slow Ventures.

Ole Insurance Group’s platform provides businesses in emerging markets with access to affordable insurance. The platform also provides businesses with a way to manage their insurance policies and claims.

The company was founded in 2020 by two former investment bankers who were frustrated with the lack of affordable insurance options for businesses in emerging markets. Ole Insurance Group’s platform has since been used by businesses in over 20 countries.

With the new funding, Ole Insurance Group plans to expand its team, develop new features, and grow its customer base. The company is also looking to expand into new markets, such as Africa and Latin America.

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.


150 thoughts on “Startups Funded in the Week of May 29 to June 4, 2023

  1. Your article highlighting the startups funded in the week of May 29 to June 4, 2023, is an excellent resource for staying informed about the latest developments in the startup world. It’s valuable for both investors and entrepreneurs looking to keep their finger on the pulse of emerging trends. Thank you for providing this insightful roundup.

  2. The article provides useful information about recent investments in startups in many fields such as finance, security, artificial intelligence, biology,… This shows the excitement of these activities. startups and venture capital. However, the article only provides basic information about startups and capital raising rounds without going into details. Some additional information about the product, target market, capital use plan, etc. would be more useful.

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