M&A and VC Deals Remain Slow

SOURCING IDEAS

Companies that raised ~1 year ago, or recently announced stealth moves.

???rabbit, a Los Angeles, CA-based?AI startup building a device aimed at replacing app-based operating systems, raised an additional?$10 million last December?in a?Series A?funding round led by?Khosla Ventures, bringing the total amount raised to?$30 million.

???Eran Shimshi?recently announced a new position as?Co-founder?and?CTO?at?Stealth Startup. Eran has?15+ years?of experience across various technical roles, including?approximately a decade?in the?Israeli Military Intelligence's?elite?cybersecurity?division, Unit 8200.

???Knownwell, a Needham, MA-based weight-inclusive metabolic health company, raised?$20 million last December?in a?Series A?funding round led by?Andreessen Horowitz, with participation from?Flybridge LTV Operator Fund,?Oxeon?and a number of individual investors.

M&A

????1E,?a UK-based?software diagnostics company, has been acquired by Germany’s?TeamViewer?for?$720 million.

???Cohesity,?a USA-based?data protection company, completed its merger with?Veritas, forming a combined entity valued at?$7 billion,.

VC DEALS

???Hudhudshop,?a Qatar-based?e-commerce platform specializing in premium Turkish products, raised?a six-figure dollar amount?in a?pre-seed round?from undisclosed investors.

???Mandala Chain,?a Denpasar, Indonesia-based?blockchain startup leveraging Polkadot, raised?$1 million?in a?pre-seed round?led by?Harbour Industrial Capital, with participation from?O-DE Capital,?NLS Ventures, and strategic Polkadot ecosystem partners.

?????Elin.ai,?a Czech Republic-based?AI startup enhancing digital well-being for young adults, raised?€1 million?in a?pre-seed round?led by?JSK Investments.

??Conry Tech,?a Melbourne, Australia-based?startup focused on reducing air-conditioning emissions, raised?$1.6 million?in a?pre-seed round?led by?Bandera Capital, with participation from?Kiwi VC Pacific Channel.

???ARC Intelligence,?a Berlin, Germany-based?SME data analysis platform, raised?€1 million?in a?pre-seed round?led by?468 Capital, with participation from?IBB Ventures.

???Vivid Mind,?a Poland-based?medtech startup developing dementia detection technology, raised?$200,000?in a?pre-seed round?from angel investors.

???NAO,?a Berlin, Germany-based?wealthtech platform for private and alternative investments, raised?€3.4 million?in a?seed?round led by?a Swiss private investor's family office, with participation from?ZEITGEIST X?and other private investors.

???Alveron Pharma,?a Nijmegen, Netherlands-based?clinical-stage company developing therapy for intracranial hemorrhage, raised?€5 million?in a?series seed extension?round led by?Broadview Ventures, with participation from?Sanquin,?Thuja Capital, and others.

???SaveSage Club,?a Gurugram, India-based?credit card and loyalty management platform, raised??2.5 crore?in an?angel funding round?co-led by?iSEED,?Alluvium Fund, and?LetsVenture Fund, with participation from several angel investors.

???Kreedo Early Childhood Solutions,?a Bengaluru, India-based?edtech platform for preschool and school learning solutions, raised??10 crore?in?debt funding?from?Recur Club.

???Clyde Hydrogen Systems,?a Glasgow, UK-based?hydrogen production technology startup, launched a?€6 million seed round?led by?Zinc, with participation from the?University of Glasgow, the?Scottish Government’s Hydrogen Innovation Scheme,?and the?Net Zero Technology Centre.

???Nucs AI,?a Berlin, Germany and San Francisco, USA-based?medtech startup specializing in precision medicine for prostate cancer diagnosis and treatment, raised?$3.5 million?in a?seed round?led by undisclosed investors.

????Zimi,?a USA-based?e-commerce platform, raised?$2 million?in a?seed?round?led by?Fearless Fund, with participation from?Y Combinator?and other funds and advisors.

???Wald Inc.,?a USA-based?AI context intelligence platform, raised?$4 million?in a?seed round?led by?Inventus Capital Partners, with participation from?Entrada Ventures.

???EzDubs,?a San Francisco, CA-based?speech technology company, raised?$4.2 million?in a?seed round?co-led by?Rahul Garg?and?Neeraj Arora, with participation Y Combinator and other angel investors.

???FinX,?a Mumbai, India-based?skilling platform for the BFSI sector, raised?$6 million?in a?seed round?led by?Elevar Equity.

???GoodWork.ai,?a USA-based?AI platform for real-time retail sales analytics, raised?$4 million?in a?seed round?led by?Square Peg.

???Concentro,?a New York, NY-based?clean energy financing platform, raised?$3 million?in a?seed round?led by?firstminute Capital, with participation from?Silence VC,?LifeX, and others.

???Culture Circle,?a Delhi NCR, India-based?luxury marketplace for sneakers and streetwear, raised?$2 million?in a?seed round?led by?Info Edge Ventures, with participation from angel investors.

???SpotmyEnergy,?a Cologne, Germany-based?energy efficiency platform for homeowners, raised?€10.5 million?in a?seed round?led by?Norrsken VC, with participation from?Vorwerk Ventures?and?Picus Capital. ?

???FirstClub Technology Private Limited,?an India-based?platform for premium food products, raised?$8 million?in a?seed round?led by?Accel, with participation from?RTP Global,?Blume Founders Fund, and others.

???Embeddable,?a Europe-based?advanced embedded analytics platform, raised?€6 million?in a?seed round?led by?OpenOcean, with participation from?Four Rivers?and?TechStars.

????ZSystems,?a Morocco-based?B2B marketplace for FMCG retail, raised?$1.5 million?in a?seed round?led by?MNF Ventures, with participation from?Witamax,?Cash Plus Ventures, and?Kalys Ventures.

???Bpacks,?a Europe-based?eco-friendly packaging startup, raised?€1 million?in a?seed round?led by undisclosed investors.

???Mainframe,?a USA-based?proactive AI assistant platform, raised?$5.5 million?in a?seed round?co-led by?Lachy Groom?and?Peter Boyce, with participation from angel investors and product leaders.

???Numia,?an Argentina-based?customer experience platform, raised?$3.5 million?in a?seed round?led by?Cometa, with participation from?Boost Capital Partners,?MatterScale Ventures, and others.

???Laam,?a Pakistan-based?fashion marketplace offering over 100,000 items, raised?$5.5 million?in a?seed round?led by?Disrupt.com, with participation from?Zayn VC.

???Navanc,?an India-based?fintech startup, raised?$1 million?in a?seed round?led by?Prarambh Ventures, with participation from?Inflection Point Ventures,?Brigade REAP, and others.

???eyva.ai,?a Cologne, Germany-based?SaaS startup optimizing beauty and wellness product portfolios with AI, raised?€2.7 million?in a?seed round?led by?Earlybird,?with participation from?WENVEST Capital,?True Global Ventures, and others.

???VOICE,?an India-based?electric vehicle logistics platform, raised??5 crore?in a?seed round?led by?BizDateUp.

???Superfone,?a Bengaluru, India-based?business phone and CRM app for SMBs, raised?$1.9 million?in a?pre-Series A round?led by?YourNest Venture Capital, with participation from?Ankur Capital,?Finsight Seed Fund, and several angel investors.

???Netrasemi,?a Kerala, India-based?semiconductor startup specializing in Edge AI for IoT products, raised??10 crore?in a?pre-Series A round?led by?Unicorn India Ventures.

???RapidCanvas,?a USA-based?AI platform for business transformation, raised?$16 million?in a?Series A round?led by?Peak XV Partners, with participation from?Titanium Ventures,?Accel, and?Valley Capital Partners.

???Nscale,?a London, UK-based?hyperscaler for AI applications, raised?€146 million?in a?Series A round?led by?Sandton Capital Partners, with participation from?Kestrel,?Bluesky Asset Management, and?Florence Capital. ?

???Jumppoint,?a Hong Kong-based?logistics tech firm, raised?$3.5 million?in a?series A+?round?led by?MindWorks Capital.

???Partful,?a Manchester, UK-based?SaaS platform creating interactive 3D models for aftermarket parts, raised?￡5 million?in a?Series A round?led by?Northern Gritstone, with participation from?Par Equity?and?Blumberg Capital.

???Biomemory,?a France-based?DNA-based data storage startup, raised?$18 million?in a?Series A round?led by?Crédit Mutuel Innovation, with participation from?Bpifrance,?Blast, and others.

???Gavan Technologies,?an Israel-based?foodtech startup developing plant-based fat solutions, raised?$8 million?in a?Series A round?led by?MoreVC, with participation from?Lever VC,?EIT Food, and?DarkBoot Group.

????Reveal Technology,?a USA-based?defense tech company, raised?$11.2 million?in a?Series A round?led by?Next Frontier Capital, with participation from?defy.vc?and?8VC.

???Ethyca,?a New York, NY-based?enterprise data privacy platform, raised?$10 million?in a?series A extension round?led by?Aspenwood Ventures, with participation from?AVP,?Des Traynor, and others. ?

???Paidly,?a USA-based?fintech platform offering student loan benefits, raised an undisclosed amount in a?Series A round?led by?S30Build.

???Wafeq,?a Dubai, UAE-based?accounting SaaS startup for SMEs, raised?$7.5 million?in a?Series A round?led by?9900 Capital, with participation from?Gary Turner,?Raed Ventures, and?Wamda Capital.

???Gentrace,?a USA-based?generative AI app testing platform, raised?$8 million?in a?Series A round?led by?Matrix Partners, with participation from?Headline?and?K9 Ventures.

????Stainless Software,?a USA-based?AI-powered SDK development platform, raised?$25 million?in a?Series A round?led by?Andreessen Horowitz, with participation from?Sequoia,?The General Partnership, and others.

???Aampe,?a USA-based?AI infrastructure startup for app personalization, raised?$18 million?in a?Series A round?led by?Theory Ventures, with participation from?Z47. ?

???Klubi,?a Brazil-based?fintech specializing in vehicle, travel, and cell phone financing, raised?$7 million?in a?Series A round?led by?L4 Venture Builder, with participation from?Vivo Ventures.

???Askable,?a Brisbane, Australia-based?market research software startup, raised?$22 million?in a?Series A round?led by?AirTree, with participation from?Skip Capital, the founders of?A Cloud Guru, and others.

??Syncell,?a Watertown, MA-based?biotech startup specializing in subcellular protein purification and spatial proteomics, raised?$15 million?in a?Series A round?led by?Taiwania Capital, with participation from new and existing investors.

???Stigg,?an Israel-based?SaaS platform, raised?$17.5 million?in a?Series A round?led by?Red Dot Capital Partners, with participation from?Unusual Ventures,?Emerge Ventures, and others.

???One Bio,?a UC Davis spinoff?transforming agricultural waste into dietary fibers, raised?$27 million?in a?Series A round?led by?AlphaEdison, with participation from?Leaps by Bayer,?Mitsui E12, and others.

???Eureka Robotics,?a Singapore-based?robotics firm, raised?$10.5 million?in a?Series A round?led by?B Capital, with participation from?Airbus Ventures,?Maruka Corporation, and others.

????Inkers Technology,?a Bengaluru, India-based?proptech startup driving digital transformation in construction, raised?$3 million?in a?Series A round?led by?Ashish Kasholia.

??Baller League,?a London, UK-based?six-a-side football league, raised?€23.8 million?in a?Series A round?led by?EQT Ventures.

???Prima,?a Mexico-based custom parts and goods company, raised?$23 million?in a?Series A round?led by?Acrew Capital, with participation from?Nazca?and?Quona Capital.

????Pixxel,?a Bengaluru and California-based?spacetech startup, raised?$24 million?in additional?Series B funding?from?M&G Catalyst, with participation from?Glade Brook Capital Partners,?Google, and others.

???Citryll,?an Oss, Netherlands-based?biotech company focused on inflammatory disease therapies, raised?€85 million?in a?Series B round?co-led by?Johnson & Johnson Innovation,?Forbion, and?Novartis Venture Fund, with participation from?Pureos Bioventures,?BioGeneration Ventures, and others.

???Avanti Finance,?a Bengaluru, India-based?NBFC for small-ticket loans, raised?$14.2 million?in a?Series B round?led by?Dia Vikas Capital, with participation from?IDH Farmfit Fund,?NRJN Family Trust, and others.

????Zig,?a Brazil-based?event tech startup, raised?$25 million?in a?Series B extension?led by?Kaszek, with participation from?Across Capital.

???VIOLETTE_FR,?a New York, NY-based?clean beauty brand, raised an undisclosed amount in a?Series B round?led by?Silas Capital, with participation from?Experienced Capital,?Monogram Capital Partners, and?Felix Capital.

???Anybotics,?a Switzerland-based?autonomous industrial robotics company, raised?$60 million?in additional?Series B funding?co-led by?Qualcomm Ventures?and?Supernova Invest, with participation from?Bessemer Venture Partners,?NGP Capital,?and others.

???Mynt,?a Stockholm, Sweden-based?fintech startup for SME spending management, raised?€22 million?in a?Series B round?led by?Vor Capital, with participation from?CNI?and?Incore.

????Flare,?a Canada-based?threat exposure management platform, raised?$30 million?in a?Series B round?led by?Base10 Partners, with participation from?Inovia Capital,?White Star Capital, and?Fonds de solidarité FTQ.

???SolarSquare,?an India-based?residential solar solutions provider, raised?$40 million?in a?Series B round?led by?Lightspeed, with participation from?Lightrock,?Elevation Capital, and others.

???Sollis Health,?a USA-based?concierge emergency care provider, secured?$33 million?in a?Series B round?led by?Foresite Capital, with participation from?Torch Capital,?Montage Ventures, and others.

???Gigs,?a San Francisco, CA-based?operating system for mobile services, raised?$73 million?in a?Series B round?led by?Ribbit Capital, with participation from?Gradient,?YC, and?Speedinvest.

???Kamereo,?a Vietnam-based?food-sourcing platform, raised?$7.8 million?in a?Series B?round?led by?Sumitomo Corporation, with participation from?SMBC Venture Capital, and?Mitsubishi UFJ Capital.

???Pleno,?a USA-based?multiomics startup, raised?$25 million?in a?Series B round?led by?Deerfield Management, with participation from?Foresite Capital,?Medical Excellence Capital, and others.

????Sage,?a USA-based?senior living operations platform, raised?$35 million?in a?Series B round?led by undisclosed investors.

???Embotech,?a Zurich, Switzerland-based?autonomous driving solutions company, raised?$27 million?in a?Series B round?led by?Emerald Technology Ventures, with participation from?Yttrium, BMW i Ventures?and others.

???Hyro,?an Israel-based?company focusing on AI-driven healthcare solutions, raised?$15 million?in a?Series B extension round?led by?Healthier Capital, with participation from?Macquarie Capital,?Liberty Mutual, and others.

????Riverside,?a USA-based?podcast and video recording platform, raised?$30 million?in a?Series C round?led by?Zeev Ventures, with participation from?Seven Seven Six?and angel investor?Sam Lessin.

????Wooden Street,?an India-based?furniture startup, raised?$43 million?in a?Series C round?led by?Premji Invest.

???Angitia,?a USA-based?biotech company focused on musculoskeletal therapies, raised?$120 million?in a?Series C round?led by?Bain Capital Life Sciences, with participation from?Janus Henderson,?OrbiMed, and others.

???Capstan Medical,?a Santa Cruz, CA-based?medtech startup developing robotic solutions for heart valve disease, raised?$110 million?in an oversubscribed?Series C round?led by?Eclipse, with participation from?Yu Galaxy,?Intuitive Ventures, and?Gideon Strategic Partners.

???Haber,?a Bengaluru, India-based?industrial robotics company, raised?$44 million?in a?Series C round?led by?Creaegis, with participation from?BEENEXT?and?Accel.

???Speak,?a Seoul, South Korea-based?AI-powered language learning platform, raised?$78 million?in a?Series C round?led by?Accel, with participation from?OpenAI,?Khosla Ventures?and?Y Combinator.

???Upvest,?a Berlin, Germany-based?investment API provider, raised?€100 million?in a?Series C round?led by?Hedosophia, with participation from?Sapphire Ventures.

???Fleet Space Technologies,?an Adelaide, Australia-based?spacetech startup, raised?$100 million?in a?Series D round?led by?Teachers’ Venture Growth (TVG), with participation from?Blackbird Ventures,?Hostplus, and others.

???Crusoe Energy Systems,?a USA-based?AI cloud infrastructure provider, raised?$600 million?in a?Series D round?led by?Founders Fund, with participation from?NVIDIA,?Fidelity, and others.

???Mintifi,?a Bengaluru, India-based?supply-chain financing platform, raised?$180 million?in a?Series E round?co-led by?Teachers’ Venture Growth?and?Prosus, with participation from?Premji Invest.

???Zetwerk,?a Bengaluru, India-based?B2B manufacturing platform, is raising?$67 million?in an extension to its?Series F round, led by?Khosla Ventures,?with participation from?The Schiehallion Fund.

???Rebel Foods,?an India-based?cloud kitchen operator, raised?$210 million?in a?Series G round?led by?Temasek Holdings, with participation from?Evolvence Capital.

???Playgama,?a UAE-based?gametech startup helping Middle Eastern game developers go global, raised?$3 million?in its latest funding round led by?The Open Platform, with participation from?S16VC,?FJ Labs, and others.

??Ultraviolette Automotive,?an India-based?EV startup, raised?$15.3 million?in a new funding round led by?Zoho, with participation from Lingotto, Mudhal Partners, and others.

???Zopa,?a London, UK-based?challenger bank, raised?￡68 million?in an equity funding round led by?AP Moller Holding, with participation from existing shareholders.

???Cala Health,?a USA-based?medtech company, raised?$50 million?in a funding round co-led by?Vertex Group Fund?and?Nexus NeuroTech Ventures, with participation from?Action Potential,?Johnson & Johnson Innovation, and others.

????WaveForms AI,?a USA-based?voice AI startup, raised?$40 million?in a funding round led by?Andreessen Horowitz.

???Sustainiam,?a Noida, India-based?climate tech startup, raised?$1.45 million?in its maiden funding round led by?Orios Venture Partners, with participation from actress?Shilpa Shetty Kundra?and others.

???Varthana,?a Bengaluru, India-based?NBFC focused on education financing, raised?$15 million?in a funding round led by?BlueOrchard Microfinance Fund.

???HEMAV,?a Barcelona, Spain-based?AI-driven agriculture startup, raised?€8 million?in a round led by?Future Food Fund, with participation from?PureTerra Ventures, and?Inclimo.

???Arctic Instruments,?a Finland-based?quantum spinout, raised?€2.35 million?in a funding round led by?Lifeline Ventures.

???Vambe,?a Chile-based?AI startup, raised?$3.85 million?in a round led by?Monashees, with participation from?Nazca?and?M13.

???Aqemia,?a Paris, France-based?AI-driven drug discovery platform, raised?$38 million?in a round led by?Cathay Innovation, with participation from?Wendel,?Bpifrance Large Venture, and others.

???TRUSS,?a UK-based?circular fashion startup, raised?￡300K?in a funding round led by?FIGR Ventures.

???Konnect,?a Tunisia-based?fintech company providing digital payment solutions, secured undisclosed funding from?Renew Capital.

???Intersect Power,?a USA-based?clean energy startup, raised?$800 million?in a funding round led by TPG, with participation from?Alphabet,?Climate Adaptive Infrastructure, and?Greenbelt Capital Partners.

???CarDekho SEA,?a Singapore-based?auto financing platform, raised?$60 million?in its first external funding round led by?Navis Capital Partners, with participation from?Dragon Fund.

???LambdaTest,?a USA-based?software testing platform, raised?$38 million?in a funding round led by?Avataar Ventures, with participation from?Qualcomm Ventures.

????Hyperbolic Labs,?a USA-based?AI-focused GPU marketplace, raised?$12 million?in a strategic round led by?Variant, with participation from?Polychain Capital,?Chapter One, and others.

????Caruso,?a New Zealand-based?fund management fintech, raised?$3.2 million?in a funding round led by?Balmain.

???DeChat,?a Dubai, UAE-based?Web3 social network, raised?$1 million?in a funding round led by?Mindspace Solutions.

???SkySQL,?a USA-based?cloud database startup, raised?$6.6 million?in a funding round led by?Eniac Ventures, with participation from?Good Capital?and?WTI.

???AwanTunai,?an Indonesia-based?fintech startup, secured a?$60 million?in a debt facility led by?Accial Capital, with participation from various investors.

??Powernaut,?a Belgium-based?renewable energy software startup, raised?€2.4 million?in a funding round led by?Revent, with participation from?Seedcamp,?Pitchdrive, and?Syndicate One.

???VergeCloud,?a Bengaluru, India-based?cloud tech company, secured?$3 million?in funding led by undisclosed investors.

???CarbonX,?a Delft, Netherlands-based?battery tech startup, raised?€4 million?in a funding round co-led by?Energy Transition Fund Rotterdam,?Innovation Industries, and?Borski Fund.

???Archer Aviation,?a USA-based?defense aircraft maker, raised?$430 million?in an equity funding round led by?Stellantis, with participation from?United,?Wellington Management, and?2PointZero.

???One,?a fintech startup majority-owned by Walmart, is raising?$300 million?in a round co-led by?Walmart?and?Ribbit Capital.

???Twelve Labs,?a San Francisco-based video understanding startup, raised?$30 million?in a funding round led by?Databricks, with participation from?SK Telecom,?Snowflake Ventures, and others.

???Waterfall Network,?a Swiss-based?smart contract platform, secured?$11.6 million?in funding from?Bolt's Capital, with participation from?Alpha Token Capital?and?Enflux.

???Infinity, an Indian fintech startup specializing in cross-border sales, raised?$1.9 million?in equity funding led by?Y Combinator, with participation from?Liquid 2 Ventures,?Script Capital, and others.

???Zest AI, a fintech company improving lending processes with AI, secured?$200 million?in growth funding from?Insight Partners.

???Power Gummies,?a New Delhi, India-based?health and wellness gummy brand, raised??10 crore?in a?bridge round?led by?Jaipuria Family Office, with participation from?Quadrant, 100unicorn, and others.

???Snapmint,?a Mumbai, India-based?BNPL platform, raised?$18 million?in debt and equity, led by?Prashasta Seth, with participation from?Perpetuity Ventures?and?Pegasus Fininvest. ?

The year's about to wind down.

But I have a sneaking suspicion we'll have one more burst of M&A and deals next week before everyone scatters for the holidays.

Either way, we'll be back at the same time next week to report on the latest.

John Gannon and the team @ Venture5 Media

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