Week Starts Off At Usual Pace of Financings, Ends In More Uncertainty Than Anyone Expected

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It was an interesting end of the week in venture-backed startup land, to say the least.

We'll be watching VCs' every move over the next 7 days to report how fundraising activity gets affected.

John

??Last Week’s Most Popular Link??

??BlocPower , a New York, NY-based climate technology company focused on creating smarter, greener, healthier buildings, raised $150 million, including over $24 million of Series B corporate equity led by?VoLo Earth Ventures , with participation from Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, Unreasonable Collective, Gaingels, Kapor Capital, My Climate Journey and Tale Venture Partners, as well as $130 million of debt financing led by Goldman Sachs, bringing total raised by the company over $250 million. (More in TechCrunch )

?? M&A ??

??Criteo , a Paris, France-based global commerce media company, acquired?Brandcrush , a Melbourne, Australia-based omnichannel retail media platform that had raised $1 million in funding from?Rampersand ?and individual investors. (More in FinSMEs )

?? Sourcing Ideas ??

(Companies that had raises reported ~1 year ago, on or around Mar 11, 2022)

??Upstream , a no-code DAO platform, raised $12.5 million in a Series A funding round from?Tiger Global , Ibex Partners, Vayner Fund, Fenbushi Capital, Panoramic Ventures, Alpaca VC, Human Ventures, Blumberg Capital and The Medici Group. (More in Forbes )

??Behavidence , a New York, NY-based developer of AI tools to monitor psychiatric and neurological disorders, raised $4.3 million in a Seed funding round led by?Welltech Ventures , with participation from Arc Impact and Longevity Ventures. (More in FinSMEs )

??Fetch , an Atlanta, GA-based self-service truck rental marketplace, raised $3.5 million in a Seed funding round led by?NextView Ventures , with participation from Knoll Ventures, Zeno Ventures, Nassau Street Ventures and a number of angels. (More in Built In )

?? VC Deals ??

??QurAlis Corporation , a Cambridge, MA-based clinical-stage biotech company developing breakthrough precision medicines for amyotrophic lateral sclerosis (ALS) and other neurodegenerative diseases, closed an $88 million Series B financing round led by?EQT Life Sciences ,?Sanofi Ventures ?and?Droia Ventures , with participation from the ALS Investment Fund and existing investors LS Polaris Innovation Fund, Mission BioCapital, INKEF Capital, Dementia Discovery Fund, Amgen Ventures, MP Healthcare Venture Management, Mitsui Global Investment, Dolby Family Ventures, Mission Bay Capital, and Sanford Biosciences, bringing total funds raised to $143.5 million. (More in Reuters )

??Ring Therapeutics , a Cambridge, MA-based life sciences company focused on advancing gene therapy, raised $86.5 million in a Series C funding round, led by?Alexandria Venture Investments , Altitude Life Science Ventures, CJ Investment, Flagship Pioneering, Invus, Kyowa Kirin Co., Partners Investment, funds and accounts advised by T. Rowe Price Associates, Inc., and UPMC Enterprises, bringing total funds raised to date to $230 million. (More in FinSMEs )

??Zenhub , a Vancouver, BC-based project management solution for software teams, raised $10 million in a Series A funding round led by?Yaletown Partners , with participation from BMO Capital Partners and existing investor BDC Capital. (More in TechCrunch

??Bach , a Philadelphia, PA-based App for planning bachelorette trips and group travel experiences, announced a $9 million Series A funding round led by?Pritzker Group Venture Capital , with participation from existing investors Corazon Capital, Freestyle VC and Oversubscribed Ventures. (More in TechCrunch )

??Synctera , a San Francisco, CA-based banking-as-a-service startup, raised an additional $15 million in a financing round led by?NAventures , with participation from The Banc Funds, Veritex Community Bank, Midland States Bank and Emigrant Bank, bringing Synctera’s total raised to $60 million. (More in TechCrunch )

?? ??MentorcliQ , a Columbus, OH-based employee mentoring software company, raised $80+ million from?PSG , with participation from existing investors Rev1 Ventures and Plymouth Growth, bringing MentorcliQ’s total capital raised over $100 million. (More in TechCrunch )

??Envisics , a Milton Keynes, U.K.-based holographic head-up display technology company, raised over $50+ million at a $500 million post-money valuation in a Series C funding round led by?Hyundai Mobis , with participation from InMotion Ventures and Stellantis. (More in VC News Daily )

???QuantWare , a Delft, Netherlands-based provider of superconducting quantum processor chips, raised $6.3 million in a Seed funding round led by?Forward.One , with additional participation from the QDNL Participations Fund and Graduate Entrepreneur. (More in TechCrunch )

??Slice , a Bangalore, India-based consumer payment unicorn, invested $3.4 million to acquire a 5% stake in?North East Small Finance , a Guwahati, India-based bank. (More in TechCrunch )

??Anthropic , a San Francisco, CA-based generative AI startup, raised a $300 million round of financing at a $4.1 billion valuation, led by?Spark Capital , following investments from Google of $300 million in February 2022, which gave Google a 10% stake in the company, and additional hundreds of millions a month ago. (More in SiliconAngle )

??SOCRadar , a Middletown, DE-based Extended Threat Intelligence (XTI) SaaS cyber security platform, raised $5 million in a Series A funding round led by?212 . (More in FinSMEs )

??Revelstoke , a San Jose, CA-based provider of a Security Orchestration, Automation and Response (SOAR) platform, raised $20 million in a Series B funding round led by?SYN Ventures ?and?ClearSky Security , with participation from Rally Ventures and Crosslink Capital. (More in FinSMEs )

???Fly by Jing , a Los Angeles, CA-based premium, natural chili crisp brand, secured $12 million in a Series B funding round led by existing investor Prelude Growth Partners, with participation from Pendulum. (More in VC News Daily )

??Vantage , a New York, NY-based FinOps platform that helps teams manage their cloud costs, raised $21 million in a Series A funding round led by?Scale Venture Partners , with participation from Andreessen Horowitz, which led Vantage’s $4 million Seed round, and Harpoon Ventures. (More in TechCrunch )

?? ??Consensus , an Orem, UT-based intelligent demo automation platform for sales and presales, raised $110 million from?Sumeru Equity Partners . (More in VC News Daily )

??SimConverse , a Sydney, Australia-based AI-powered simulation healthcare education startup, raised $1 million in a Seed funding round led by?Folklore Ventures , with participation from Artesian. (More in MobiHealthNews )

??Iron Health , a provider of virtual health solutions to OB-GYN practices, raised $4.5 million from?Redesign Health ?and?March of Dimes Innovation Fund . (More in MobiHealthNews )

??Wave Life , a Los Altos, CA-based mental health platform focused on Gen Z, raised $6 million in a Seed funding round led by?Santé Ventures , with participation from Hannah Grey, Joyance Capital, Gaingels and Telocity Ventures. (More in FinSMEs )

??Humane , a San Francisco, CA-based AI hardware and software platform, raised $100 million in a Series C round of funding led by?Kindred Ventures , with participation from SK Networks, LG Technology Ventures, Microsoft, Volvo Cars Tech Fund, Tiger Global and Qualcomm Ventures. (More in TechCrunch )

???SOCi , a San Diego, CA-based marketing platform for multi-location brands, raised $120 million in a round of financing led by?JMI Equity , with participation from Vertical Venture Partners (VVP), Blossom Street Ventures and Renew Group Private Limited. (More in VC News Daily )

??Droit , a New York, NY-based regulatory compliance firm, closed a $23 million Series B investment round led by?Pivot Investment Partners ?and?UBS , with participation from existing investor Goldman Sachs. (More in TechCrunch )

??Assured Allies , a Boston, MA-based insurtech company for evidence-based successful aging, closed a $42.5 million Series B funding round co-led by?FinTLV Ventures ?and existing investor?Harel Insurance , with participation from Lumir Ventures, funds managed by Hamilton Lane, New Era Capital Partners, MS&AD Ventures, Core Innovation Capital, Poalim Equity, EquiTrust Life Insurance Company, Akilia Partners and Samsung Next. (More in FinTech Global )

?? ??Candidly , an AI-driven student debt and savings optimization platform, raised a $20.5 million Series B round of financing led by?Altos Ventures , with follow-on participation from Cercano Management. (More in TechCrunch )

??Datalogz , a Business Intelligence (BI) Ops platform bridging the gap between BI and analytics, closed a $2.3 million Seed round of funding led by?Squadra Ventures , with participation by Berkeley SkyDeck, Trajectory Capital Partners and Mana Ventures.(More in MarTech Series )

??Banyan Infrastructure , a San Francisco, CA-based provider of a sustainable financing software platform, raised $25 million in a Series B funding round led by?Energize Ventures , with participation from new investors SE Ventures and Elemental Excelerator, as well as existing investors VoLo Earth and Ulu Ventures, bringing the total amount raised over $42 million. (More in FinSMEs )

??The Believer Company , a Los Angeles, CA-based gaming company, raised $55 million in a Series A funding from backers including?Lightspeed Venture Partners , Andreessen Horowitz, Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson’s Cleveland Avenue and Tornante Company. (More in FinSMEs )

??Plus One Robotics , a San Antonio, TX-based provider of AI vision software and solutions for robotic parcel handling, raised $50 million in a Series C funding round led by?Scale Venture Partners , with participation from Top Tier Capital Partners, Tyche Partners, ROBO Global Ventures, Translink, McRock and Pritzker Group Venture Capital, alongside existing investors, bringing the company’s total funding to date to nearly $100 million. (More in BusinessWire )

?? ??Fynn , a New York, NY-based platform for financing students in vocational education, secured an $11 million Seed round backed by?Y Combinator ?and?Susa Ventures , as well as a $25 million debt facility. (More in TechCrunch )

??RangeForce , a Norfolk, VA-based provider of cloud-based cyber defense upskilling solutions, raised $20 million in a Series B financing round led by?Energy Impact Partners? and?Paladin Capital Group , with participation from KPN Ventures, Lapa Capital Partners, Lanx Capital and Cisco Investments. (More in VentureBeat )

??Tangle , a Cambridge, MA-based virtual platform for teams to connect and collaborate from anywhere, raised $4 million in a funding round led by?Qualcomm Ventures , with participation from Presence Capital and Mergelane. (More in Venture Beat )

Keep calm and stay with us until next Monday - this will not be an ordinary week.

John

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

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