MOBILion Systems, Inc., a provider of high-resolution instrumentation for biomarker discovery, diagnostics and therapeutic development, closed an oversubscribed $35 million Series B funding round led by aMoon. Funds will be used to build the commercial team supporting the launch of the company's first product based on the patented ion mobility separations technology, called Structures for Lossless Ion Manipulation (SLIM). [Full story]
August 17, 2020
Kin Insurance, an insuretech making home insurance easy and affordable, closed a $35 million Series B round led by Commerce Ventures with HSCM Bermuda, Flourish Ventures, QED, Alpha Edison, Allegis NL Capital, Avanta Ventures, August Capital, the U of C's Startup Investment Program, and others. Kin's unique model has no agent middlemen and insurance policyholders get shares of company profits. [Full story]
August 16, 2020
Cecelia Health, a tech-enabled diabetes and chronic disease management company, closed a $13 million Series B funding round co-led by Rittenhouse Ventures and Endo Investors, with investments from Boston Millennia Partners, SustainVC, G100 Capital, and others. The funds will scale the adoption of its tech-enabled coaching and telemedicine solutions and expand digital health capabilities. [Full story]
August 16, 2020
Virtual Power Systems, a provider of energy and function efficiency to data servers and systems, closed $12 million in funding from new and existing investors and also appointed interim CEO, Dean Nelson, as permanent CEO. Funds will be used to expand the team, customer engagements, partnerships, and product development of hardware and software platform. [Full story]
August 16, 2020
Micronoma, a biotech developing and commercializing a minimally invasive, microbiome-based cancer-detection method, closed a $3 million seed financing round led by microbiome-focused investor, SymBiosis, LLC. Funds will be used to further advance cancer detection technology with pioneering microbiome R&D. [Full story]
August 16, 2020
Well Health, a digital health leader in 2 way patient-provider communications, closed a $45 million Series C funding round led by Lead Edge Capital, with new investor Martin Ventures and existing investors Structure Capital, Jackson Square Ventures, Freestyle Capital, Summation Health Ventures, and Health Velocity Capital participating. According to CEO Guillaume de Zwirek: "This year alone, WELL technology will enable 200k+ healthcare providers to send more than 1 billion messages to over 30 million patients.” [Full story]
November 25, 2020
Ateios, the developer of the world’s first flexible, paper-thin customizable battery recently presented at Venture Summit \ Virtual Connect hosted by youngStartup Ventures and caught the attention of Good Growth Capital partner Krisztina (Z) Holly. Krisztina, hearing Ateios' CEO, Dr. Rajan Kumar's pitch was impressed with the technology and market potential and said; "their technology especially shines in small, flexible electronics applications that have been waiting for an innovation like this." Good Growth Capital Managing Partner David Mendez said: "Ateios stood out as the kind of transformative technology that Good Growth is focused on, with the solid team to lead this new market... something we could not delay in getting involved with." Other investors include: The Battery Innovation Center, Keshif Ventures, LLC, Elevate Ventures, HG Ventures, ImpactAssets, Techstars and VisionTech Partners | VisionTech Angels Whether you’re a startup seeking funding or an investor seeking new deals, register today to network and connect at Venture Summit \ Virtual Connect. [Full story]
October 21, 2020
Naveris, a molecular diagnostics healthcare company focused on novel diagnostic technologies for early detection of virus-related cancers, closed an extension of its Series A round led by Gurnet Point Capital bringing total company funding to over $19 million to date. Funds will be used to make their lead product NavDx® more accessible to patients to generate more data and integrate it into treatment guidelines, continue product development and advance the company’s pipeline of other viral-related cancer detection tests. [Full story]
December 17, 2020
Deepwave Digital, provider of AI enterprise-level sensor solutions for a wide range of radio frequency (RF) and wireless systems, closed a $3M seed round led by Northrop Grumman and Jumpstart NJ Angel Network. Deepwave provides core aerospace and defense market technologies and is also a critical component in the 5G Citizens Broadband Radio Service (CBRS). Funding will be used to accelerate growth in those markets. [Full story]
December 16, 2020
The Routing Company, an MIT spin out, creator of a smart, sustainable transit provider platform with dynamic routing and vehicle management, closed a $5 million seed round led by The Engine. Funds will be used for commercialization of their shared rides technology platform, product refinement and team growth. [Full story]
December 16, 2020
Swift Solar, developing PV panels with metal halide perovskites projected to outperform today's PV technologies, secured over $8 million in Seed 2 funding, and is expected to close on another $1.5 million totaling $9.6 million. GitLab CEO Sid Sijbrandij led the round along with cryptocurrency expert James Fickel. Good Growth Capital, Safar Partners, Climate Capital, also participated with many other investors. Funding will be used for R&D expansion and team growth. The net result will be a far more efficient, easier to install and less expensive solar PV panel. [Full Story]
December 16, 2020
RockMass Technologies, provider of the Axis Mapper, the first handheld tool digitally measuring geotechnical data like structural orientation, underground within seconds, closed a $2.5M CAD Seed Round. SOSV, BDC, and strategic angel investors from Maple Leaf Angels and the Creative Destruction Lab participated in the seed round. Funds will be used to expand RockMass's global presence, offer its products to many more geologists and geotechnical engineers, and integrate RockMass's tools with major software analytics players. [Full story]
December 15, 2020
Indico, a provider of an AI intelligent process automation enterprise platform, closed a $22 million Series B co-led by Jump Capital and Sandbox Insurtech Ventures with new investment from Nationwide Ventures. Funding will be used for expansion to enable many more new customers in the insurance, financial services and healthcare industries to become dramatically more efficient through automated ai document intake and understanding of image-based workflows. [Full story]
December 15, 2020
ClearTrace, an automated energy and carbon accounting platform for real estate owners, investors and enterprises, closed a $4 million Series A round led by Clean Energy Ventures, with Brookfield Renewable Partners participating. Funding will be used to reach out to enterprises and asset managers requiring verified and high-speed digital data to meet their sustainability targets. [Full story]
December 15, 2020
Network Perception, provider of a cyber- compliance and network security solution for the electrical utility industry, closed a $2.73 million Seed round led by Serra Ventures, Okapi Ventures, and Energy Foundry, with participation of Service Provider Capital, Early Light Ventures, SaaS Ventures, and Illinois Ventures. Funding will be used to scale up to meet demand of the electric utility sector and branch out to other critical infrastructure industry sectors in the U.S. and worldwide. [Full story]
December 15, 2020
DefenseStorm, an AI cloud-based cybersecurity and cyber-compliance management provider closed a $12M Series B round, led by fintech fund Georgian, with TTV Capital participating. CIBC Innovation Banking has also provided DefenseStorm with an additional $7M in growth capital financing. Funds will be used to better help customers stay ahead of security threats by improving platform efficiency and scalability. [Full story]
November 26, 2020
Leena AI, an employee workflow automation platform using a single dashboard to simplify employee engagement, closed a $8 million Series A led by Greycroft and included personal investments from Jim Moffatt, Alan Patricof, Samir Bodas and Adam Miller. Greycroft partner Mark Terbeek will be joining Leena AI’s board. Funds will be used to enhance the product, onboard resellers and build long term partnerships adding more enterprise customers to their list which has over one hundred enterprises including Coca-Cola and Sony. [Full story]
November 26, 2020