Venture Capital Deals: August 29, 2022 – Small Business Finance News – Breaking Entrepreneurial News

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Small Business Financing News

Written by Ken Gaebler
Posted: 08/29/2022

Start your week with a review of recently funded venture capital deals, selected from our venture capital deals database.

Today we feature thirty-one new venture capital deals from our venture capital database.

We have nine selection rounds in the mix today. It’s great to see so many new tech startups getting started!

28 by Evie

28 by Evie, a women’s fitness tech company, has received $3.2 million in seed funding, led by Thiel Capital. Learn Capital and Steel Perlot also invested. The company is based in Miami, Florida.

57 hours

1-1 raised $2.3 million over 57 hours. The company is headquartered in New York and provides a platform to book expert-guided outdoor adventures.

9 accounts

Los Angeles-based mobile technology company 9count has raised $27.5M in Series A funding from CrossCut Ventures, GGV Capital, Greycroft Partners, Grishin Robotics, I2BF Venture Capital, Progression Partners, Redpoint Ventures, Signia and Waverley Capital. The company develops mobile apps like Wink, Popstream and Summer and is led by the former president of musical.ly (now known as TikTok).

ArabyAds

ArabyAds, an ad tech company focused on e-commerce marketing, closed a $30 million Series B funding round. Funding was provided by AfricInvest. The company is based in Dubai.

AtomVie Global Radiopharma

Avego Management has supported a Series A capital raise for AtomVie Global Radiopharma. The amount of the investment was not disclosed. The company is based in Hamilton, Ontario Canada. The company is focused on next-generation radiotherapy and supports its pharmaceutical and biotechnology partners from early clinical development to commercial manufacturing.

To block

Blockchain tech firm Blockify secured $2.2 million in funding. The company announced the deal but chose not to disclose who the investors were. Based in the Bahamas, Blockify provides a single entry point for managing and interacting with Web3 digital assets.

Direct carbon

New York-based carbon management firm Carbon Direct announced a $60 million funding round. Decarbonization Partners led the round, with backing from BlackRock, Quantum Energy Partners and Temasek Holdings.

communication technology

Comm Technologies, a developer of a crypto-native chat platform for social clubs, received $5 million in seed investment from CoinFund. The company is based in New York.

Deposits

The Dallas-based depots raised $5 million in seed funding from lead investors ATX Venture Partners, with additional investment from Cabal Fund and Lightspeed Venture Partners. The company offers a cloud-based fintech platform that enables banks, brands and communities to adopt engagement, modernization and financial services such as payments, mobile apps and loans.

Fair Square Medicare

San Francisco-based Fair Square Medicare announced a $15 million Series A. Define Ventures led the round, with backing from Slow Ventures and Y Combinator. The company is a technology-driven senior care navigation company that originally launched as a brokerage firm for Medicare.

Pay FOMO

Fintech startup FOMO Pay has closed a $13 million Series A investment round. Jump Crypto took the lead in making the investment. Other investors included AB Initio Capital Management, Antalpha Ventures, HashKey Capital and Republic Capital. Based in Singapore, the company provides one-stop digital banking and payment solutions to merchants, retailers, corporations and financial institutions.

Handshakes

Business intelligence firm Handshakes, which provides data analytics and risk monitoring solutions to corporate clients, has raised a strategic funding round from Nikkei and S&P Global. The amount of the investment has not been disclosed. Founded in 2011, the company is based in Singapore with offices in many other cities.

Hera Biotech

Medical technology company Hera Biotech, operating out of San Antonio, Texas, has secured $1.9 million in seed funding from Coyote Ventures. The company is working on non-surgical tests for endometriosis.

Landing platforms

Real estate firm Landing Platforms has closed a $125 million Series C venture round. Delta-V Capital took the initiative to make the investment. Additional backers included Foundry Group and Greycroft Partners. Based in Birmingham, Alabama, the company offers a network of flexible lease furnished apartments.

medical lift

Medical device company Levee Medical landed a $6.6 million Series A funding round. Investors were not disclosed. Based in Durham, the company designs solutions to improve surgical outcomes related to prostate cancer.

Lumachain

Lumachain, a food-centric supply chain platform, raised $19.5m in Series A funding led by Bessemer Venture Partners. Main Sequence Ventures also invested in the round. The company is based in Sydney, Australia.

Matrixian Group

Amsterdam-based Matrixian Group, a data technology company focused on location intelligence, has raised $2 million in investment from Pride Capital Partners.

Mural.xyz

Blockchain startup Mural.xyz has announced $5.6 million in seed funding from 186 Ventures, Digital Currency Group, Firstminute Capital, and Galaxy Ventures. Based in New York, Mural makes it easy for brands to store, manage and deploy DAO cash funds.

NFT genius

Blockchain firm NFT Genius has raised $10.5M in Series A funding from Dapper Labs, Fundamental Labs, and OneFootball. The Los Angeles-based company is working on market technology for the NFT market.

petfolk

Veterinary care startup Petfolk has raised $40 million in Series A funding from White Star Capital and Freshly founder Michael Wystrach, with backing from TriplePoint Capital and a long list of individual investors . The company is based in Charlotte, North Carolina.

Private

Privado, a code scanning platform, announced a $14 million Series A funding round. Insight Venture Partners and Sequoia India led the investment, with participation from Emergent Ventures and Together Fund. The company is headquartered in Dover, Delaware.

SaNOtize

Pharmaceutical company SaNOtize has announced a $24 million seed round. Horizons Ventures and OurCrowd led the round. Other investors included the Agricultural Bank of China. The company is based in Vancouver, Canada.

shell nut

Scalenut closed a $3.1 million seed funding round. Saama Capital and Amit Singhal, former senior vice president of Google and head of Google search, invested. Based in Altadena, Calif., the company offers an AI-powered content intelligence SaaS platform that discovers and creates relevant customer content.

To serve

Mumbai-based Servify has raised $65m in Series D funding from lead investors Singularity Growth Opportunity Fund, with backing from AmTrust, BEENEXT, Blume Ventures, DMI Sparkle Fund, Iron Pillar and Pidilite Industries Limited. The company offers a device management platform that manages the lifecycle of several popular smartphone vendors, including Apple and Samsung, in many markets.

Smart movement

Dallas-based SmartMoving secured an investment round of $41.5 million. Funders included mainsail partners. The company provides management and CRM software to moving companies.

Spectral finance

Blockchain and fintech start-up Spectral Finance, developer of a liquidity aggregation platform designed to decentralize the world of finance, has announced a $23 million seed round. General Catalyst Partners and Social Capital led the investment, with backing from Circle Ventures, Franklin Templeton, Gradient Ventures, Jump Capital, Samsung Ventures and Section 32. The company is based in New Rochelle, New York.

Subbase

Cloud-based subscription and billing platform SubsBase has closed a $2.4 million seed funding round. Global Ventures took the initiative to make the investment. Other investors include Arzan Venture Capital, Camel Venture, Ingressive Capital, P1 Ventures, and Plug and Play Tech Center. The fintech startup is based in Cairo, Egypt.

Tradeblock by Astrolabs

Concrete Rose Capital, Courtside Ventures and Trinity Ventures participated in an $8.9 million funding round for Astrolabs dba Tradeblock. Based in Houston, Texas, the company provides a barter-centric business platform for sneaker collectors.

upkid

Upkid has closed a $1.7 million seed funding round. Backers included Beehive Venture Partners, Corazon Capital and Newfund. The company offers an app that connects daycare programs and preschools with early childhood professionals who have flexibility in their work schedules. They are based in Eagle Mountain, Utah.

Ventrk

HBSI Capital has invested in a $1 million funding round for Ventrk, a health and wellness software developer. The company is headquartered in Bellevue, Washington.

Zilliz

San Francisco-based Zilliz, a leading provider of vector database and AI technologies, announced a $60 million seed round. Prosperity7 Ventures led the funding round, with participation from 5Y Capital, Hillhouse Capital Group, Pavilion Capital and Yunqi Partners.

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