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 10/21/23 featuring funding details for Spec, Imbue, Warmly, and thirteen other deals representing $384M in new funding that you need to know about.
SwiftConnect – $10.0M
Stamford-based SwiftConnect digitizes the workplace experience by connecting the right people to the right space at the right time. Founded by Guillaume Vachon, Konrad Kruger, Matt Kopel, and Steeve Beliveau in 2020, SwiftConnect has now raised a total of $37.0M in total equity funding and is backed by Quadri Ventures.
Credit Genie – $10.0M
Conshohocken-based Credit Genie is a fintech company that provides financial tools and debt relief services. Founded by Ed Harycki in 2019, Credit Genie has now raised a total of $23.2M in total equity funding and is backed by Khosla Ventures and Tippet Venture Partners.
Imbue – $12.0M
San Francisco-based Imbue is a research lab that trains foundational models to develop AI agents. Founded by Josh Albrecht and Kanjun Qiu in 2021, Imbue has now raised a total of $232.0M in total equity funding and is backed by Amazon Alexa Fund and Eric Schmidt.
HawkEye 360 – $10.0M
Herndon-based HawkEye 360 is a data analytics company that develops space-based radio frequency mapping. Founded by Charles Clancy, Chris DeMay, and Robert McGwier in 2015, HawkEye 360 has now raised a total of $372.3M in total equity funding and is backed by Lockheed Martin Ventures.
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JOOR – $25.0M
New York-based JOOR is an online global fashion marketplace, connecting brands and retailers. Founded by Mona Bijoor in 2010, JOOR has now raised a total of $107.5M in total equity funding and is backed by Battery Ventures, Brightwood Capital Advisors, Canaan Partners, Macquarie Capital, and Tamarix Capital.
Nirvana Insurance – $57.0M
San Francisco-based Nirvana Insurance provides commercial fleet insurance using telematics data to enhance safety, and reduce costs. Founded by Abhay Mitra, Alex Carges, and Rushil Goel in 2021, Nirvana Insurance has now raised a total of $82.2M in total equity funding and is backed by General Catalyst, Lightspeed Venture Partners, and Valor Equity Partners.
Nova Credit – $45.0M
New York-based Nova Credit compiles foreign credit bureau reports to provide comprehensive credit histories of immigrants. Founded by Loek Janssen, Misha Esipov, and Nicky Goulimis in 2016, Nova Credit has now raised a total of $124.4M in total equity funding and is backed by Avid Ventures, Canapi Ventures, General Catalyst, Geodesic Capital, Harmonic Growth Partners, Index Ventures, Kleiner Perkins, Radiate Capital, Socium Ventures, and Y Combinator. AlleyWatch broke the news in an exclusive covering the round and much more – Nova Credit Raises Another $45M to Make Credit More Accessible for Those That Lack Credit Histories
Prove – $40.0M
New York-based Prove is a phone-based identity verification company that provides identity tokenization and passive cryptographic authentication solutions. Founded by Mike Brody and Rodger Desai in 2008, Prove has now raised a total of $242.9M in total equity funding and is backed by Capital One Ventures and MassMutual Ventures.
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Roofr – $23.5M
San Francisco-based Roofr is a marketplace for roofing and utilizes satellite imagery for instant roofing estimates. Founded by Kevin Redman and Richard Nelson in 2015, Roofr has now raised a total of $43.8M in total equity funding and is backed by ABC Supply, ACE & Company, Bullpen Capital, I2BF Global Ventures, Interplay, Podemsky Ventures, Silicon Valley Bank, and Vertical Venture Partners.
Society Brands – $25.0M
Canton-based Society Brands is a tech consumer products company that acquires e-commerce native brands. Founded by Christopher Cutter, James Gilbert, Justin Sirpilla, Michael Sirpilla, and Shawn Dougherty in 2020, Society Brands has now raised a total of $43.3M in total equity funding and is backed by Callais Capital, Gullane Capital Partners, and North Coast Ventures.
Spec – $15.0M
San Jose-based Spec protects customer journeys, so you can stay focused on growth. Founded by Bryce Verdier, Nate Kharrl, and Patrick Chen in 2020, Spec has now raised a total of $29.2M in total equity funding and is backed by Legion Capital, Rally Ventures, and SignalFire.
SwingVision – $6.2M
Saratoga-based SwingVision provides automated stats, highlights and officiating for amateur athletes in ball & racket sports. Founded by Richard Hsu and Swupnil Sahai in 2019, SwingVision has now raised a total of $9.5M in total equity funding and is backed by Alison Riske Amritraj, Authentic Ventures, Glenn Solomon, Inventus Capital Partners, Lindsay Davenport, Rohan Bopanna, Somersault Ventures, SVQUAD, and Youcef Es-skouri.
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.
Transfix – $40.0M
New York-based Transfix drives modern supply chain impact at scale with its Intelligent Freight Platform‚Ñ¢. Founded by Drew McElroy, Jonathan Salama, and Prabhat Supekar in 2013, Transfix has now raised a total of $168.5M in total equity funding and is backed by Canvas Ventures, G Squared, and New Enterprise Associates.
Warmly – $11.0M
San Francisco-based Warmly provides instant insights and context on people during virtual meetings. Founded by Alan Zhao, Carina Boo, Max Greenwald, and Val Yermakova in 2020, Warmly has now raised a total of $15.9M in total equity funding and is backed by F-Prime Capital, Felicis, Maven Ventures, NFX, and Zoom Ventures.
Petfolk – $40.0M
Charlotte-based Petfolk is a veterinary healthcare company that provides a connected community for today’s vets, pets, and pet owners. Founded by Audrey Wystrach and Michael Wystrach in 2020, Petfolk has now raised a total of $115.0M in total equity funding and is backed by Idea Farm Ventures, Movendo Capital, and White Star Capital.
Salted – $14.0M
Los Angeles-based Salted is a platform for developing and scaling better-for-you, QSR brands. Founded by Jeff Appelbaum in 2014, Salted has now raised a total of $38.9M in total equity funding and is backed by B. Riley Financial, Creadev, and Proof Ventures.
