Fundraising Activity By Number of Transactions Sustains, While Megadeals Are Mostly Absent

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Happy Monday! As the venture banking crisis started to fade away, some interesting patterns began to emerge last week.

Check out these deals that made the headlines.

John

??Last Week’s Most Popular Link??

??Hex, a San Francisco, CA-based data collaboration startup, raised $28 million in a Series B funding round led by?Sequoia Capital, with participation from Andreessen Horowitz, Amplify and Snowflake. (More in TechCrunch)

?? M&A ??

??Keywords Studios, a Dublin, Ireland-based technical and creative services provider to the global video games industry, acquired?Digital Media Management, a Los Angeles, CA-based full-scale digital marketing and social media agency, for $67.5 million in cash and stock. (More in VentureBeat)

??Investing.com, a Tel Aviv, Israel-based financial markets information platform, acquired?StreetInsider, a Birmingham, MI-based financial news site for >$10 million. (More in PR Newswire)

??Lifelong Group, a New Delhi, India-based provider of services to several major players in the automotive industry, led a consortium that acquired?GoMechanic, a Gurgaon, India-based car servicing app that had raised >$60 million from the likes of?Sequoia India?and other investors. (More in TechCrunch)

?? Sourcing Ideas ??

(Companies that had raises reported ~1 year ago, on or around Apr 1, 2022)

??Inner Cosmos, a San Francisco, CA-based neurotech startup designing Digital Pill, a brain-computer interface that rebalances brain networks, raised $10 million in a Seed funding round led by?Lool Ventures, with participation from KittyHawk VC and Loup Ventures. (More in PR Newswire)

??Nivati, a Salt Lake City, UT-based mental health platform for employees, raised $4 million in a Seed funding round led by?Firebrand Ventures, with participation from Peak and Access Venture Partners. (More in FinSMEs)

??Fisher Wallace Labs, a New York, NY-based maker of prescription wearables for neuropsychiatric disorders, raised $2.5 million in a funding round led by?SHUFL Capital. (More in GlobeNewswire)

?? VC Deals ??

??Wellth, a Los Angeles, CA-based digital health company, raised $20 million in a Series B funding round led by?SignalFire, with participation from existing investors The Social Entrepreneurs’ Fund, CD Venture, Yabeo and Partnership Fund for NYC, as well as individual investors. (More in FinSMEs)

??Ledger, a Paris, France-based crypto hardware wallet maker, raised $108 million in an extension of a Series C round led by?True Global Ventures,?Digital Finance Group?and?VaynerFund, with participation from existing investors 10T, Cité Gestion Private Bank, CapHorn, Morgan Creek, Cathay Innovation, Korelya Capital and Molten Ventures. (More in TechCrunch)

?????LandVault, a London, U.K.-based metaverse construction firm, raised $3 million in a Series B funding round extension from?The Sandbox, Gemini Frontier Fund, HodlCo and Kingsway Capital. (More in The Block)

??Agreena, a Copenhagen, Denmark-based regenerative farming provider of a soil carbon platform, raised $50 million in a Series B funding round led by?HV Capital, with participation from AENU, Anthemis, Gullsp?ng Re:food, Kinnevik and Denmark’s Export and Investment fund. (More in FinSMEs)

??P97 Networks, a Houston, TX-based mobile commerce and payments provider, raised $40 million in a round of equity financing led by?Portage. (More in PR Newswire)

??Glopal, a Paris, France-based e-commerce international expansion tool, raised $21.7 million in a Series A funding round from?Hi Inov, Dentressangle and Crédit Mutuel Innovation, as well as existing investors Seventure and Axeleo Capital. (More in Ecommerce News)

??Zorro, a New York, NY-based company providing health benefits experience for employees, raised $11.5 million in a Seed funding round co-led by?Pitango?and?10D. (More in FinSMEs)

??Votiro, an Austin, TX-based zero-trust content security company, raised $11 million in a Series A funding round led by?Harvest Lane Asset Management. (More in FinSMEs)

??Anvil, a San Francisco, CA-based webform and e-signature software startup that automates PDF-based processes, raised $5 million in a new Series A funding led by?Craft Ventures, with participation from Gradient Ventures. (More in FinSMEs)

??Effy, a Paris, France-based energy renovation company, raised $22 million from?Felix Capital. (More in TechCrunch)

??Parloa, a Berlin, Germany-based enterprise solution for building automated dialogs, raised $21 million in a Series A funding round led by?EQT Ventures, with participation from Newion and Senovo. (More in TechCrunch)

??DataDome, a New York, NY-based bot and online fraud protection management provider, raised $42 million as part of a Series C funding round led by?InfraVia Growth, with participation from existing investors Elephant, ISAI, and others, bringing the total raised to $82 million. (More in TechCrunch)

??Polytrade, a Dubai, UAE-based web3 protocol focused on global trade finance, raised $3.8 million in a Seed funding round from?Alpha Wave, Matrix Partners, Polygon Ventures and CoinSwitch Ventures, with participation from Singularity Ventures and GTM Ventures. (More in TechCrunch)

??Fetch.ai, a Cambridge, U.K.-based AI-focused crypto protocol startup, raised $40 million from market maker and investment firm?DWF Labs. (More in CoinDesk)

??True I/O, (fka Total Network Services), a Carlsbad, CA-based tokenization company transforming trust between individuals and institutions, raised $9 million in a Series A funding round led by?Deal Box Ventures. (More in PR Newswire)

??Foro, a Charlotte, NC-based provider of a commercial lending platform, raised $4 million in a Series A extension funding round from?TTV Capital, Fin Capital, Correlation Ventures and AME Cloud Ventures, as well as new investors Gaingels and B3 Capital. (More in Fin SMEs)

?? ??Coursedog, a New York, NY-based integrated academic operations platform for higher education, raised $90 million in a growth financing round from?JMI Equity. (More in BusinessWire)

???Spera, a Palo Alto, CA-based startup providing businesses identity-based attack protection tools, raised $10 million in a Seed funding round led by?YL Ventures, with participation from a number of individual investors. (More in TechCrunch)

???Hygraph, a Berlin, Germany-based federated content platform enabling tech stack composability, raised $30 million in a Series B funding round led by?One Peak, with participation from insiders OpenOcean and SquareOne. (More in TechCrunch)

?LeapXpert, a New York, NY-based compliance-focused business communication platform, raised $22 million in a Series A funding round led by?Rockefeller Asset Management, with participation from Uncorrelated Ventures and the Partnership Fund for New York City. (More in TechCrunch)

??Paytrix, a London, U.K.-based regulated payments curation layer for brands, raised $18.3 million in a Series A funding round from?Unusual Ventures,?Motive Partners?and?Bain Capital Ventures. (More in TechCrunch)

??Reeco, a Tel Aviv, Israel-based hospitality marketplace startup, raised $10 million in seed funding co-led by?Net Capital Ventures?and?Joule Ventures. (More in FinSMEs)

??Cowboy Clean Fuels, a Denver, CO-based renewable natural gas and carbon credits startup, raised $7.5 million in a Series A funding round led by Machan Investments. (More in Built in Colorado)

??Turntable LIVE, a Miami, FL-based collaborative music streaming service, raised $7 million in a funding round co-led by?Founders Fund?and?f7 Ventures. (More in TechCrunch)

??Isar Aerospace, a Munich, Germany-based rocket launch startup, raised $165 million in a Series C funding round from?7-Industries, Bayern Kapital, Earlybird VC, HV Capital, Lakestar, Lombard Odier Investment Managers, Porsche SE, UVC Partners and Vsquared Ventures. (More in TechCrunch)

???Graphiant, a San Jose, CA-based edge services startup, raised $62 million in a Series B funding round led by?Two Bear Capital, with participation from Sequoia Capital, Atlantic Bridge and Harpoon Venture Capital Partners. (More in GlobeNewswire)

??Venti Technologies, a Weston, MA-based provider of autonomous logistics for supply chain and industrial hubs, raised $28.8 million in a Series A funding round led by?LG Technology Ventures, with participation from Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners. (More in TechCrunch)

????Spiral, a New York, NY-based impact-as-a-service platform for financial institutions, raised $28 million in a Series A funding round led by?Team8, with participation from Euclidean Capital and Intuition Fund, Communitas Capital, Phoenix and Nidoco AB. (More in BusinessWire)

??EigenLayer, a Seattle, WA-based restaking protocol developer, raised $50 million in a Series A financing round led by?Blockchain Capital, with participation from Coinbase Ventures, Polychain Capital, Hack VC and Electric Capital. (More in CoinDesk)

??StellarFi, an Austin, TX-based bill pay tool, raised $15 million in a Series A funding round led by?Acrew Capital, with participation from ATX Venture Partners, Trust Ventures, Dream Ventures, Interplay, Accomplice, Vera Equity, FJ Labs, Fiat Ventures, Gaingels, Kelmhurst, Oyster Funds, Hilltop Ventures, Permit Ventures, Kindergarten Ventures, J2 Capital, Socially Financed and Kapital Ventures. (More in TechCrunch)

??ArriVent Biopharma, a biotech platform accelerating the global development of innovative biopharmaceutical products, raised $155 million in a Series B funding round co-led by?Sofinnova Investments?and?General Catalyst, with participation from Catalio Capital Management, HBM Healthcare Investments, Shanghai Healthcare Capital, Sequoia Capital China, AIHC Capital, Terra Magnum Capital Partners, Unicorn Capital Partners Limited, Infinitum Asset Management, as well as insiders Lilly Asia Ventures, OrbiMed, Octagon Capital Advisors, Sirona Capital and Boyu/Zoo Capital. (More in FinSMEs)

??Mantra Health, a New York, NY-based digital mental health platform for young adults, raised $5 million in a Series A extension funding round led by?VMG Partners, bringing total fundraise to date over $34 million. (More in FinSMEs)

??Labviva, a Boston, MA-based AI-powered digital marketplace for life sciences procurement, raised $20 million in a Series A funding round led by?Biospring Partners, with participation from Senator Investment Group, B Capital Group and Glasswing Ventures. (More in FinSMEs)

??Paragonix Technologies, a Cambridge, MA-based organ transplant transport device company, raised $24 million in a Series B funding round led by?Signet Healthcare Partners. (More in MobiHealthNews)

????Hathora, a New York, NY-based start-up building a cloud optimized for multiplayer games, raised $7.6 million from?Upfront Ventures,?Founders Fund?and?Lunar Ventures. (More in VentureBeat)

Make sure to go to comments and tell us what's been on your mind this week.

John

John Gannon //?VC Careers?//?VC Deals

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