The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 5/27/23 featuring funding details for Volition, Thena, Elementl, and fourteen other deals representing $775M in new funding that you need to know about.
Anthropic – $450.0M
San Francisco-based Anthropic is an AI safety and research company that builds reliable, interpretable, and steerable AI systems. Founded by Daniela Amodei, Dario Amodei, Jack Clark, Sam McCandlish, and Tom Brown in 2021, Anthropic has now raised a total of $1.5B in total equity funding and is backed by Google, Menlo Ventures, Salesforce Ventures, Sound Ventures, Spark Capital, and Zoom Ventures.
BBy – $3.0M
New York-based BBy is a medical device company that condenses breast milk and turns it into powder. Founded by Vansh Langer in 2017, BBy has now raised a total of $3.2M in total equity funding and is backed by 7G Bioventures, Cathexis Ventures, Pioneer Fund, and Y Combinator.
Checkmate – $15.0M
San Francisco-based Checkmate is a smart shopping solution that gathers e-commerce data and helps customers save money. Founded by Elliot Rampono, Harry Dixon, and Rory Garton-Smith in 2022, Checkmate has now raised a total of $20.0M in total equity funding and is backed by Alex Zaccaria, Anthony Zaccaria, Arthur Levy, BDuck Capital, Blackbird Ventures, Carter Reum, Common Metal, f7 Ventures, Fuel Capital, Geraldine Chin Moody, Google Ventures, James Moody, Jeff Bonforte, MANTIS Venture Capital, Michael Tannenbaum, Night Capital, Paris Hilton, Saurabh Gupta, Scribble Ventures, Tim Kendall, Trevor Neff, and Wischoff Ventures.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
Datasembly – $16.0M
Washington-based Datasembly collects product data and provides real-time pricing, promotions, assortment, and availability data to clients. Founded by Ben Reich and Daniel Gallagher in 2014, Datasembly has now raised a total of $34.8M in total equity funding and is backed by Grotech Ventures, Noro-Moseley Partners, Staley Capital, and Topmark Partners.
Dock Health – $5.0M
Great Barrington-based Dock Health is a healthcare administrative hub that offers task management and administrative workflow automation. Founded by Keather Roemhildt, Michael Docktor, and Nitin Gujral in 2020, Dock Health has now raised a total of $10.6M in total equity funding and is backed by August Capital, DaVita Venture Group, and MassMutual.
Gan.ai – $5.3M
Perrysburg-based Gan.ai allows brands to generate personalized copies of a single video recording, with variables changed in the voice and lip-sync. Founded by Suvrat Bhooshan in 2021, Gan.ai has now raised a total of $5.3M in total equity funding and is backed by Emergent Ventures and Surge.
Could your startup us a $1M investment, plus mentorship, and support to scale? Join 43North’s Why to Apply Webinar on May 31! REGISTER HERE.
Amify – $4.2M
Arlington-based Amify is the leading Amazon-as-a-Service platform. Amify helps brands optimize their presence, margins and sales on the Amazon Marketplace. Founded by Ethan McAfee in 2019, Amify has now raised a total of $10.0M in total equity funding and is backed by CincyTech, Mercury, and SaaS Ventures.
Volition – $11.0M
San Francisco-based Volition is a marketplace that offers a wide range of suppliers of industrial components. Founded by Natalie Klapper and Nick Pinkston in 2019, Volition has now raised a total of $11.0M in total equity funding and is backed by Alan Rutledge, Julian Capital, Lachy Groom, Newark Venture Partners, Quiet Capital, and Susa Ventures.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
Logik.io – $16.0M
Chicago-based Logik.io streamlines complex product selling with intelligent rules, guided quoting, and advanced tools for seamless customer experiences. Founded by Christopher Shutts in 2021, Logik.io has now raised a total of $26.0M in total equity funding and is backed by Emergence, Salesforce Ventures, and ServiceNow Ventures.
OpenFin – $35.0M
New York-based OpenFin provides financial institutions with a unified workspace and developer platform built for productivity. Founded by Chuck Doerr and Mazy Dar in 2010, OpenFin has now raised a total of $79.0M in total equity funding and is backed by Bain Capital Ventures, Bank of America, Barclays Investment Bank, CME Ventures, CTC Venture Capital, DRW Venture Capital, HSBC, ING Ventures, JP Morgan, Nyca Partners, Pivot Investment Partners, SC Ventures, Tribeca Early Stage Partners, and Wells Fargo Strategic Capital.
Steno – $15.0M
Los Angeles-based Steno offers court reporting and litigation support services which is all available through a deferred-payment system. Founded by Dan Anderson, Dylan Ruga, and Greg Hong in 2018, Steno has now raised a total of $40.5M in total equity funding and is backed by Clio Ventures and Left Lane Capital.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
Strike Graph – $7.0M
Seattle-based Strike Graph is a compliance SAAS solution simplifying cyber security certifications. Founded by Brian Bero and Justin Beals in 2020, Strike Graph has now raised a total of $18.9M in total equity funding and is backed by BAMCAP, Information Venture Partners, and Madrona.
Thena – $5.0M
Palo Alto-based Thena is a customer communication platform built for the modern teams and businesses. Founded by Ankit Saxena, Govind Kavaturi, Mike Molinet, Satyavrat Bondre, and Unmukt Raizada in 2022, Thena has now raised a total of $7.2M in total equity funding and is backed by First Round Capital, Lightspeed Venture Partners, and Pear VC.
Elementl – $33.0M
San Francisco-based Elementl empowers organization to build a productive and scalable data platform. Founded by Nick Schrock in 2018, Elementl has now raised a total of $48.8M in total equity funding and is backed by 8VC, Amplify Partners, Georgian, Hanover Technology Investment Management, Human Capital, Index Ventures, Sequoia Capital, and Slow Ventures.
Could your startup us a $1M investment, plus mentorship, and support to scale? Join 43North’s Why to Apply Webinar on May 31! REGISTER HERE.
Tools For Humanity – $115.0M
Denver-based Tools For Humanity specializes in software development, information technology, digital marketing, and advertising services. Founded by Adam Zolyak in 2020, Tools For Humanity has now raised a total of $115.0M in total equity funding and is backed by a16z crypto, Bain Capital Crypto, Blockchain Capital, and Distributed Global.
Stepful – $7.5M
New York-based Stepful helps those without college degrees train for and find entry-level healthcare jobs. Founded by Carl Madi, Edoardo Serra, and Tressia Hobeika in 2021, Stepful has now raised a total of $12.5M in total equity funding and is backed by Company Ventures, Equal Opportunity Ventures, Reach Capital, and Y Combinator.
ClearMotion – $32.0M
Billerica-based ClearMotion is a global automotive technology company that commercializes a proactive ride system. Founded by Shakeel Avadhany, Vladimir Tarasov, and Zack Anderson in 2009, ClearMotion has now raised a total of $349.8M in total equity funding and is backed by Acadia Woods Partners, BAI capital, Liberty Street Funds, NewView Capital, and NIO Capital.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org
