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 5/6/23 featuring funding details for Airspeed, Fedi, Openlayer, and twelve other deals representing $426M in new funding that you need to know about.
3D Cloud by Marxent – $7.5M
St. Petersburg-based 3D Cloud provides premium 3D solutions for furniture, kitchen, bath, office, and outdoor retailers and manufacturers. Founded by Barry Besecker and Beck Besecker in 2011, 3D Cloud by Marxent has now raised a total of $36.2M in total equity funding and is backed by Arnie Bellini and Lee Arnold.
OpenEnvoy – $15.0M
Las Vegas-based OpenEnvoy provides insight, automation, and cash flow solutions to finance teams of all sizes. Founded by Matt Tillman and Parker Moore in 2020, OpenEnvoy has now raised a total of $21.5M in total equity funding and is backed by Coelius Capital, Hack VC, Riot Ventures, RRE Ventures, and Uncorrelated Ventures.
Openlayer – $4.8M
San Francisco-based Openlayer is an analysis platform that “opens up” machine learning models by detecting and eliminating failure patterns and biases. Founded by Gabriel Bayomi, Rishab Ramanathan, and Vikas Nair in 2021, Openlayer has now raised a total of $4.8M in total equity funding and is backed by Gokul Rajaram, Ground Up Ventures, Guillermo Rauch, Hack VC, Immad Akhund, John S. Kim, Jonathan Swanson, Liquid 2 Ventures, MANTIS Venture Capital, Max Mullen, Mike Krieger, Oliver Cameron, Picus Capital, Quiet Capital, Rodrigo Schmidt, Soma Capital, Y Combinator, and Yuri Sagalov.
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Kindbody – $25.0M
New York-based Kindbody is a fertility clinic network and family-building benefits provider for employers. Founded by Gina Bartasi and Joanne Schneider in 2018, Kindbody has now raised a total of $206.3M in total equity funding and is backed by Morgan Health.
Airspeed – $5.0M
Vancouver-based Airspeed is a team-building platform for modern companies to connect digitally. Founded by Doug Camplejohn in 2021, Airspeed has now raised a total of $10.0M in total equity funding and is backed by Greylock, Next Play Ventures, Salesforce Ventures, and Venrock.
Convergent Therapeutics – $90.0M
Cambridge-based Convergent Therapeutics is a pharmaceutical company focused on developing next generation radiopharmaceutical therapies for prostate cancers Founded by Neil Bander and Philip Kantoff in 2021, Convergent Therapeutics has now raised a total of $90.0M in total equity funding and is backed by Invus, OrbiMed, and RA Capital Management.
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Fedi – $17.0M
Austin-based Fedi is a technology company that builds global bitcoin adoption technology. Founded by Eric Sirion, Justin Moon, and Obi Nwosu in 2022, Fedi has now raised a total of $21.2M in total equity funding and is backed by Ego Death Capital, Kingsway Capital, TBD, Timechain, and Trammell Venture Partners.
Inbox Health – $22.5M
New Haven-based Inbox Health is a digital healthcare company that designs a tool to automate bills and give patients additional insights into their charges. Founded by Blake Walker, Chris Walker, Erroin Martin, and Simon Kaluza in 2014, Inbox Health has now raised a total of $45.3M in total equity funding and is backed by Commerce Ventures, Connecticut Innovations, Fairview Capital Partners, Healthy Ventures, Ten Coves Capital, and Vertical Venture Partners.
Redaptive – $50.0M
San Francisco-based Redaptive is an Energy-as-a-Service provider that funds and installs energy-saving and energy-generating equipment. Founded by John Rhow and Ryan Martineau in 2015, Redaptive has now raised a total of $426.5M in total equity funding and is backed by Linse Capital.
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Simpplr – $70.0M
Redwood City-based Simpplr is an AI-powered employee experience platform that provides personalized experiences that inspire and engage employees. Founded by Dhiraj Sharma and Piyush Rajput in 2014, Simpplr has now raised a total of $131.1M in total equity funding and is backed by Norwest Venture Partners, Salesforce Ventures, Sapphire Ventures, and Tola Capital.
Sourcepass – $65.0M
Northport-based Sourcepass focuses on making acquisitions in the managed IT service space. Founded by Chuck Canton in 2021, Sourcepass has now raised a total of $135.0M in total equity funding and is backed by Metropolitan Partners.
Duetti – $32.0M
New York-based Duetti is a music fintech company that offers financial solutions. Founded in 2022, Duetti has now raised a total of $39.0M in total equity funding and is backed by Presight Capital, Roc Nation, UNTITLED, Viola Credit, and Viola Ventures.
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Gappify – $10.0M
Oakland-based Gappify is a cloud-based provider of process automation solutions for corporate accounting teams. Founded by Charlene Garland and Jotham Ty in 2016, Gappify has now raised a total of $17.1M in total equity funding and is backed by FINTOP Capital, Pasudeco Development, Rally Ventures, SaaS Ventures, and Stage 2 Capital.
Thesis – $8.4M
New York-based Thesis offers personalized brain supplements focused on mental performance. Founded by Daniel Freed in 2017, Thesis has now raised a total of $13.5M in total equity funding and is backed by Break Trail Ventures, Kate Bock, Kevin Love, REDO Ventures, and Unilever Ventures. AlleyWatch broke the news in an exclusive covering the round and much more – Thesis Raises Another $8.4M to Improve your Cognitive Performance Based on Your Body’s Brain Chemistry
Moonsense – $4.2M
San Francisco-based Moonsense is a cross-platform toolset used by developers, data scientists and product managers. Founded by Andrei Savu and Bogdan Gaza in 2021, Moonsense has now raised a total of $4.2M in total equity funding and is backed by Foothill Ventures, John Lilly, Josh Wills, Race Capital, Sekhar Sarukkai, The General Partnership, and XYZ Venture Capital.
The LA TechWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the LA business community and beyond. Learn more about advertising to LA Tech, at scale.
