VC Deals and M&A Volume Picks Back Up Post July-4th
John Gannon
Founder (Venture5 Media & V5 Summit, GoingVC) + Investor (Angel, LP, Syndicate Lead)
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DEAL OF THE WEEK: COMMAND ZERO
Command Zero, an Austin, TX-based provider of an autonomous and user-led cyber investigation platform, raised $21 million in a Seed funding round led by Andreessen Horowitz with participation from Insight Partners and over 60 cyber industry leaders.
Stealth Mode' gets thrown around in the startup world a lot ... but what does it actually mean?
This week, Command Zero emerged from 3 years of stealth with $21M in funding from a16z, Insight, and cybersecurity angel investors to address the bottleneck in L2/L3 security ops and escalations.
I asked their CEO, Dov Yoran, about what 'Stealth Mode' meant to them ... and more importantly, why they took that approach.
Surprisingly, it was less about hiding from the competition ... and more about building credibility with their customers ??
LAST WEEK'S MOST POPULAR LINK
???N-Power Medicine,?a Redwood City, CA-based?clinical trial specialist, raised an undisclosed amount in?Series B?funding. The round was led by?Merck Global Health Innovation Fund?with participation from a US-based healthcare investors.
SOURCING IDEAS
Companies that had raises reported ~1 year ago, or recent stealth moves.
???Embrace, a Culver City, CA-based provider of a suite of tools that enable mobile developers build better games and apps,?raised $20 million in a funding round last July, led by?New Enterprise Associates (NEA), with participation from?Greycroft,?AV8 (Allianz)?and?Eniac.
???Juan Pablo R.?recently announced a new position as a?Co-founder & CEO?of a?Stealth Startup?which aims to provide?high-quality AI software to enterprises in LATAM. Prior to moving to?Mexico City for this role, Juan spent 2 years at?McKinsey in NYC focusing on AI Implementation?& Business Build projects. Juan is also a?former LATAM-based Founder?and holds a Bachelors in Finance from?The Wharton School.
???Dashworks, a San Francisco, CA-based?AI-powered productivity startup,?raised $5 million in a Seed round expansion?last July?from existing investor?Point72 Ventures.
???Neil Stanga?recently announced a new position as the?Chief Revenue Officer?at a?Stealth Startup. Neil's most recent experience includes working on a?venture-backed team scaling from pre-revenue to over $100MM ARR, where he was the?VP of Sales?at the time of his departure. Neil also holds a degree in Economics from?Princeton University.
M&A
???Robinhood?acquired?Pluto Capital Inc.,?a Los Angeles, CA-based?AI-powered investment research platform. The amount of the deal was not disclosed.
???Infinite Reality,?a metaverse technology company, raised?$350 million?and acquired?Landvault?a London, UK-based?metaverse development company for?$450 million.
????Duolingo?acquired?Hobbes,?a Detroit, MI-based?design studio. The amount of the deal was not disclosed.?
???ConverseNow,?an Austin, TX-based?provider of a voice AI technology platform, acquired?Valyant AI, a Denver, CO-based?company specializing in restaurant drive-thru automation technology. The amount of the deal was not disclosed.
???Hi-Tech Apparel,?a Bangkok, Thailand-based?garment manufacturing company, acquired?Unmade,?a London, UK-based?software company. The amount of the deal was not disclosed.
????Formlabs,?a Somerville, MA-based?3D printing company, acquired?Micronics,?a Palo Alto, CA-based?3D printing startup. The amount of the deal was not disclosed.?
???insightsoftware,?a Raleigh, NC-based?provider of reporting, analytics, and performance management solutions, acquired?LeaseAccelerator, a Reston, VA-based?provider of automated lease accounting and management solutions. The amount of the deal was not disclosed.
VC DEALS
??Synerise,?a Kraków, Poland-based?AI-driven behavioral modeling solution, raised?$8.5 million?in a?Series B+?fundraising round led by?VTEX?with participation from?business angels.
???Phaidra,?a Seattle, WA-based?AI-based control system for data centers, raised?$12 million?in a?funding round?led by?Index Ventures.
???River,?a Bengaluru, India-based?electric vehicle manufacturer, raised an undisclosed amount in a?Series B?funding from?Mitsui & Co., Ltd.?and?Marubeni Ventures.
???Myricx Bio,?a London, UK-based?biotech company focusing on novel payloads for ADCs, raised?£90 million ($114 million)?in a?Series A?funding round led by?Novo Holdings?and?Abingworth?with participation from?British Patient Capital,?Eli Lilly & Company, and?Sofinnova Partners.
???Eneida,?a Coimbra, Portugal-based?neighborhood grid intelligence provider, raised?€10.5 million?in a?Series B?fundraising round led by?Junction Growth Investors?and?Santander Alternative Investments.
???Apriori Bio,?a Boston, MA-based?biotechnology company, raised?$1.1 million?in funding from?CEPI.
???Polystyvert,?a Montréal, Canada-based?recycling technology company, raised?$16 million?in a?Series B?funding round led by?Infinity Recycling?with participation from?SWEN Blue Ocean?and?Earth Foundry.
???HarmonyCares,?a Troy, MI-based?provider of value-based in-home longitudinal care, raised?$200 million?in a?funding round?led by?General Catalyst,?McKesson Ventures, and a national payor, with participation from?K2 HealthVentures,?Rubicon Founders,?Valtruis,?HLM Capital, and?Oak HC/FT.
???Heidelberg Epignostix,?a Heidelberg, Germany-based?precision cancer diagnostics startup, raised?€4.3 million?in a?Seed funding?round led by?CARMA FUND I Capital GmbH & Co KG, with participation from?High-Tech Gründerfonds,?LBBW Venture Capital GmbH, and?Start-up BW Seed Fonds.
???Hebbia,?a New York, NY-based?AI-driven document search tool, raised?$130 million?in a?Series B?fundraising round led by?Andreessen Horowitz?with participation from?Index Ventures, Google Ventures, and Peter Thiel.
???♀??PreActiv,?a London, UK-based?provider of a prehabilitation platform, raised?£500,000?in a?Pre-Seed funding?round led by?Exceptional Ventures?with participation from?Bethnal Green Ventures,?Angel Academe, and a group of angel investors.
???Digital Iron,?a Belfast, Northern Ireland-based?AI-driven platform for the heavy machinery dealership industry, raised?£1.6 million?in a?Pre-Seed funding?round led by?Seedcamp, with participation from?Concept Ventures,?RTP Global,?C2V, and?FJ Labs.
???Vortex IQ,?a London, UK-based?provider of an AI-powered automation platform for e-commerce, raised?£790,000?in a?Pre-Seed funding?round led by?Sure Valley Ventures?with participation from?Techstars.
???Zeti,?a London, UK-based?provider of fintech solutions for clean transport adoption, raised?£5 million?in a?Series A?funding round from?HYCAP Group.
????Gendo,?a London, UK-based?provider of an AI platform for architects and designers, raised?€1 million?in a?Pre-Seed funding?round led by?Concept Ventures?with participation from?Ascension Ventures?and?Baobab Ventures.
???ISPTech,?a Hardthausen, Germany-based?propulsion technology company, raised?€2 million?in a?Pre-Seed funding?round led by?HTGF?with co-investments from?First Momentum Ventures?and?Possible Ventures.
???NodaFi,?a San Francisco, CA-based?facility operations platform, raised?$3.5 million?in a?Seed funding?round led by?Base10 Partners?with participation from?Stage 2 Capital,?MKT1, and?FJ Labs.?
???Niva,?a NYC-based?global business identity platform, raised?more than $3.3 million?in a?funding round?led by?Gradient Ventures, with participation from?Picus Capital,?Canary,?Gilgamesh Ventures, and executives from?Chime,?Deel,?Enigma, and?Faire.
???Biostate AI,?a Palo Alto, CA-based?scalable biodata foundry startup, raised?$4 million?in a?funding round?led by?Matter Venture Partners?with participation from?Vision Plus Capital,?Catapult VC,?Caltech Seed Fund,?Dario Amodei,?Joris Poort,?Michael Schnall-Levin, and?Emily Leproust.
???Nala,?an African remittance startup, raised?$40 million?in a?Series A funding?round led by?Acrew Capital?with participation from?DST Global,?Norrsken22, and?HOF Capital.
???♂??Gymdesk,?an Austin, TX-based?member management software provider for fitness businesses, raised?$32.5 million?in a?funding round?from?Five Elms Capital.
???SciRhom,?a Munich, Germany-based?biopharmaceutical company, raised?€63 million?in a?Series A funding?round co-led by?Andera Partners,?Kurma Partners,?Hadean Ventures,?MIG Capital, and?Wellington Partners?with participation from?Bayern Kapital,?HTGF, and?PhiFund Ventures.
???Beacon Therapeutics,?a London, UK-based?ophthalmic gene therapy company, raised?$170 million?in a?Series B funding?round led by?Forbion?with participation from?Syncona Limited,?Oxford Science Enterprises,?University of Oxford,?TCGX, and?Advent Life Sciences.
???Endoron Medical,?a Tel Aviv, Israel-based?medtech company, raised?$10 million?in a?Series A funding?round led by?Sofinnova Partners?with participation from the?European Innovation Council Fund (EIC Fund).
???Unum Aircraft Seating,?a Crawley, UK-based?manufacturer of business class seats, raised?£3.5 million?in a?funding round?from?ACF Investors.
???Canoe Intelligence,?a New York, NY-based?financial technology company, raised?$36 million?in a?Series C funding?round led by?Growth Equity at Goldman Sachs Alternatives?with participation from?F-Prime Capital and Eight Roads. The investors were not disclosed.
????Tracebit,?a London, UK-based?cloud threat detection platform, raised?$5 million?in a?Seed funding?round led by?Accel?with participation from?Tapestry VC?and angel investors.
???Phyron,?a Stockholm, Sweden-based?AI video tech company, raised?€10 million?in a?Series B funding?round led by?Round2 Capital?with participation from?Peter Vardy.
领英推荐
???Captions,?a NYC-based?generative video creation and editing platform, raised?$60 million?in a?Series C funding?round led by?Index Ventures?with participation from?Kleiner Perkins,?Andreessen Horowitz,?Sequoia Capital,?Adobe Ventures,?HubSpot Ventures, and?Jared Leto.
???Courier Health,?a NYC-based?technology company specializing in chronic conditions or rare diseases, raised?$16.5 million?in a?Series A funding?round led by?Norwest Venture Partners?with participation from?Work-Bench.
???Enso,?a Tel Aviv, Israel-based?ecosystem of Guided AI Agents offering SMBs AI-powered Service-as-a-Software, raised?$6 million?in a?Seed funding?round led by?NFX?with participation from angel investors?Yossi Matias?and?Shmil Levy.
???ZwitterCo,?a Woburn, MA-based?company empowering water treatment through advanced membrane technologies, raised?$58.4 million?in a?Series B funding?round led by?Evok Innovations?with participation from?DCVC,?BHP,?Munich Re Ventures,?Siteground,?HG Ventures, and?Blue Horizon Advisors.
???Scaler,?a NYC and Amsterdam-based?platform for decarbonizing real estate with machine learning, raised?$10 million?in a?Series A funding?round led by?Plural?with participation from?Base10.
??Tokinvest,?a Dubai, UAE-based?marketplace for real-world asset tokenization, raised?$500,000?in a?Pre-Seed funding?round from?Michael Ourabah?and other undisclosed investors.
???Volley,?a San Francisco, CA-based?creator of voice-controlled games, raised?$55 million?in a?Series C funding?round led by?Microsoft’s M12 Ventures?and?Lightspeed Venture Partners, with participation from?Causeway Media Partners, General Catalyst, the Amazon Alexa Fund, BITKRAFT Ventures, Y Combinator, Boost VC, Alumni Ventures, Waverley, Gaingels, and Riverside.
???NOWDiagnostics,?a Springdale, AR-based?developer of diagnostic tests, raised?$22.5 million?in a?Series B funding?round led by?DigitalDx Ventures?with participation from?Labcorp Venture Fund?and?Kompass Kapital Management.
???DigniFi,?a Seattle, WA-based?fintech company specializing in automobile repair financing, raised?$175 million?in a?funding round?from?Encina Lender Finance?and?Brigade Capital Management.
???Accend,?a NYC-based?company helping fintechs and banks accelerate business customer onboarding, raised?$3.2 million?in a?Seed funding?round led by?Adverb Ventures?with participation from?Y Combinator,?General Catalyst,?645 Ventures, and angels from Brex, Stripe, and Carta.
???Kodifly,?a Hong Kong-based?technology company using AI for infrastructure management in the transportation sector, raised?$750,000?in a?funding round?from?Laidlaw Scholars Ventures.
???The Lasso,?a NYC-based?provider of an online car bidding platform, raised?$9.8 million?in a?funding round?led by?Crosslink Capital?and?Manresa Ventures?with participation from?Contour Venture Partners,?Liquid2 Ventures,?Ritual Capital, and?Correlation Ventures.
???epilot,?a Cologne, Germany-based?provider of a platform for the green energy transition, raised?€10 million?in a?funding round?led by?Expedition Growth Capital.
???NOWDiagnostics,?a Springdale, AR-based?developer of over-the-counter and point-of-care diagnostic tests, raised?$22.5 million?in a?Series B funding?round led by?DigitalDx Ventures, with participation from?Labcorp Venture Fund and Kompass Kapital Management.
???Regal,?a Knoxville, TN-based?theatre circuits company, raised?$250 million?in a?funding round. The investors were not disclosed.?
???AIRS Medical,?a Seoul, South Korea-based?AI and robotics healthcare company, raised?$20 million?in a?Series C funding?round led by?BSK Investment,?with participation from?Shinyoung Securities.
???Skild AI,?a Pittsburgh, PA-based?AI robotics company, raised?$300 million?in a?Series A funding?round led by?Lightspeed Venture Partners,?Coatue,?SoftBank Group, and?Jeff Bezoz,?with participation from?Felicis Ventures, Sequoia, Menlo Ventures, General Catalyst, CRV, Amazon, SV Angel, and Carnegie Mellon University.
????Cytactic,?a Tel Aviv, Israel-based?cyber crisis readiness and management platform, raised?$16 million?in a?Seed funding?round led by?Evolution Equity Partners.
???Volumez,?a Santa Clara, CA-based?modern cloud-aware data infrastructure company, raised?$40 million?in a?Series A funding?round led by?Koch Disruptive Technologies.
???Adona Medical,?a Los Gatos, CA-based?company, raised?$33.5 million?in a?Series C funding?round led by?Cormorant Asset Management?and?TCP Health Ventures.
???Granza Bio,?a San Francisco, CA-based?therapeutic delivery platform, raised?$7.14 million?in a?Seed funding?round led by?Felicis?and?Refactor.
????Granta Autonomy,?a Vilnius, Lithuania-based?startup specializing in fully autonomous UAVs for intelligence, surveillance, and reconnaissance missions, raised?$1 million?in a?Seed funding?round led by?ScaleWolf VC?with participation from?Brolis Defence?and?HFL Holdings.
???Shalion,?a Madrid, Spain-based?big data platform provider, raised?€5 million?in a?funding round?led by?Seaya Ventures.
???X-Bow,?an Albuquerque, NM-based?non-traditional producer of solid rocket motors and hypersonics technologies, raised?more than $70 million?in a?Series B funding?round led by?Razor’s Edge?with participation from?Lockheed Martin Ventures,?Boeing Ventures,?Crosslink Capital, and?Balerion Space Ventures.
???Nagish,?a NYC-based?startup making communication accessible for deaf and hard-of-hearing individuals, raised?$16 million?in a?funding round?led by?Canaan Partners?with participation from?K5 Global,?Tokyo Black,?Cardumen Capital,?Vertex Ventures Israel,?Contour Venture Partners,?Precursor Ventures, and the founders of?Datadog?and?Looker.
??Octagos Health,?a Houston, TX-based?AI-driven cardiac device monitoring solutions provider, raised?over $43 million?in a?Series B funding?round led by?Morgan Stanley Expansion Capital?with participation from?Mucker Capital.
???Kuva Systems,?a Cambridge, MA-based?company specializing in camera-based methane emissions monitoring, raised?$8.7 million?in a?funding round?including approx.?$3 million?in federal funding from?PrairiesCan?and?$5.7 million?from prior investors.
???HepaRegeniX,?a Tuebingen, Germany-based?clinical stage company developing regenerative therapy for liver diseases, raised?€15 million?in a?Series C funding?round led by?Vesalius Biocapital IV?with participation from?Novo Holdings,?Boehringer Ingelheim Venture Fund (BIVF), and?High-Tech Gründerfonds (HTGF).
???Lucid Green,?a NYC-based?provider of a smart product identifier platform for the cannabis supply chain, raised?$1.4 million?in a?funding round. The investors were not disclosed.
???Lekko,?a San Francisco, CA-based?company helping developers build software through dynamic configuration, raised?$4.5 million?in a?Seed funding?round led by?Addition?and?LUX Capital?with participation from?BoxGroup,?SV Angel,?Abstraction Capital, and angel investors.
???Roga,?a Los Angeles, CA-based?neurotech and mental healthcare startup, raised?$1.2 million?in a?Pre-Seed funding?round led by?Exceptional Ventures, with participation from?ODX by On Deck,?Minded Ventures,?The AngelList Fund,?The Centre for Aging + Brain Health Innovation (CABHI),?Ontario Brain Institute,?and angel investors.
???Mantle,?a San Francisco, CA-based?company specializing in metal 3D printing technology for precision tooling, raised?$20 million?in a?Series C funding?round led by?Schooner Capital?with participation from?Fine Structure Ventures,?Foundation Capital,?Corazon Capital,?11.2 Capital, and?Build Collective.
???Hayden AI,?a San Francisco, CA-based?company specializing in vision AI solutions for smart cities, raised?$90 million?in a?Series C funding?round led by?The Rise Fund?with participation from?Drawdown Fund?and?Autotech Ventures.
???Vequity,?a Denver, CO-based?technology innovator in the business brokerage sector, raised an?undisclosed amount?in a?seed funding?round led by?Common Forge Ventures.
???Beeble AI,?a visual effects company based in Los Angeles, CA, raised?$4.75 million?in a?Pre-Seed funding?round. The investors were not disclosed.?
???Earned Wealth,?a NYC-based financial services platform for doctors, raised?$200 million. The investors were not disclosed.
???TBC Bank Uzbekistan,?a mobile-only bank based in Uzbekistan, raised?$38.2 million?in a?funding round?led by?TBC Bank Group, with participation from?European Bank for Reconstruction and Development (EBRD) and World Bank’s International Finance Corporation (IFC).
???Pan Cancer T,?a Rotterdam, the Netherlands-based biotech startup, raised?€4.25 million?in a?Seed extension funding?round led by?InnovationQuarter?with participation from existing investors?Van Herk Ventures,?Thuja Capital,?Swanbridge Capital, and?Erasmus MC O&O Holdings.
????Hui,?a Pescara, Italy-based company developing tools for workers, received?€25 million?in an?equity investment?from?Nimbus Capital.
???Medal,?a startup known for its video game clipping product, raised?$13 million?at a valuation of $333 million, led by?Horizons Ventures, with participation from?OMERS Ventures,?peak6, and?Arcadia Investment Partners.
???ProofPilot,?a NYC-based provider of a clinical experience platform (CXP), raised an?undisclosed amount?in a?Series C funding?round led by?Sopris Capital?with participation from?Mitsui & Co. (U.S.A.).
???Fireworks AI,?a Redwood City-based?genAI inference platform provider, raised?$52 million?in a?Series B funding?round led by?Sequoia Capital?with participation from?NVIDIA,?AMD, and?MongoDB. Previous investors include?Benchmark,?Databricks Ventures, former Snowflake CEO?Frank Slootman, and former Meta COO?Sheryl Sandberg.
????Armada,?a San Francisco, CA-based?edge computing company, raised?$40 million?in?strategic funding?led by?M12. This funding comes as all Armada products are now available in the Microsoft Azure Marketplace.
???Earned Wealth,?a NYC-based financial services firm for medical professionals, raised?$200 million?in a?funding round?led by?Summit Partners?and?Silversmith Capital Partners, with participation from?Juxtapose,?Hudson Structured Capital Management, and?Breyer Capital.
???Byway,?a London, UK-based travel tech startup, raised?£5 million?in a?Series A funding?round led by?Heartcore Capital?with participation from?Eka Ventures?and re-investing angels.
???Exein,?a Rome, Italy-based embedded IoT cybersecurity company, raised?€15 million?in a?Series B funding?round led by?33N?with participation from?Partech,?United Ventures,?eCAPITAL, and?Future Industry Ventures.
????Creatio,?a Boston, MA-based workflow automation platform, raised?$200 million?in a?capital raise?led by?Sapphire Ventures, with participation from?StepStone Group and current investors, Volition Capital and Horizon Capital.
???Spotlight Medical,?a Paris, France-based startup developing AI-driven prognosis tests, raised?€6.2 million?in a?Seed funding?round led by?Kurma Partners?and?Heal Capital.?