Weekly Funding Round News - Feb 18, 2025

Recent funding activities have showcased a variety of companies securing significant investments, particularly in the fields of technology and healthcare. Notably, Epicore Biosystems raised $26 million in Series B funding led by the Steele Foundation for Hope, focusing on enhancing its innovative sweat-sensing wearables and cloud analytics platform for women's and kidney health. Similarly, Fay, a healthcare company, garnered $50 million in a Series B round led by Goldman Sachs to expand its digital nutritional therapy platform, which connects users with registered dietitians.

In the fintech sector, Neofin, a Brazilian fintech specializing in AI-driven debt collection, raised $6 million in a seed round led by Quona Capital and Upload. Another notable fintech is Finmo, which secured $18.5 million in an oversubscribed Series A round co-led by Quona Capital and PayPal Ventures to enhance its AI capabilities. SpotDraft, specializing in AI-driven contract lifecycle management, also made headlines with $54 million in Series B funding from Vertex Growth Singapore and Trident Partners, aimed at further integrating AI and improving product offerings for legal teams.

The funding trends indicate a strong appetite from investors for companies leveraging technology and innovation across various sectors. The healthcare and fintech industries are particularly prominent, reflecting growing investor confidence in solutions that address pressing societal needs through advanced technology. This trend is expected to continue as more companies seek funding to facilitate their growth and development in these dynamic fields.

Healthcare Technology

• Epicore Biosystems: $26 million in Series B funding (Participants: Steele Foundation for Hope)
• Fay: $50 million in Series B funding (Participants: Goldman Sachs)

Fintech

• Neofin: $6 million in Seed funding (Participants: Quona Capital, Upload)
• Finmo: $18.5 million in Series A funding (Participants: Quona Capital, PayPal Ventures)
• SpotDraft: $54 million in Series B funding (Participants: Vertex Growth Singapore, Trident Partners)

Artificial Intelligence

• ACCURE: $16 million in Series B funding (Participants: Incharge Capital Partners, BlueBear Capital, HSBC Asset Management, Riverstone Holdings, Capnamic, 42CAP)
• Harvey: $300 million in Series D funding (Participants: Sequoia Capital, Coatue, Kleiner Perkins, OpenAI Startup Fund, GV, Conviction, Elad Gil, REV)
• Sardine AI: $70 million in Series C funding (Participants: Activant Capital, Andreessen Horowitz, Nyca Partners, GV, Geodesic Capital, Cross Creek Capital, Moody’s Analytics, Experian Ventures, NAventures)

Clean Technology

• Twelve: $83 million in Series C & project funding (Participants: Amazon, Mitsui & Co., Development Bank of Japan, Japan Hydrogen Fund, Greycroft, 2551 Capital, TGVP, MOL Switch, CSC Leasing)

Biotechnology

• Bambusa Therapeutics: $90 million in Series A funding (Participants: RA Capital Management, Janus Henderson Investors, Redmile Group, Invus, ADAR1 Capital Management, BVF Partners, KKR, Salvia GmbH, INCE Capital)

Digital Transformation

• Tines: $125 million in Series C funding (Participants: Growth Equity at Goldman Sachs Alternatives, Softbank, Activant)

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