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 3/23/24 featuring funding details for Loyal, Pandion, and seven other deals representing $417M in new funding that you need to know about.
AmpUp – $277K
Santa Clara-based AmpUp is an electric vehicle (EV) charging company that enables drivers, hosts, and fleets to charge stress-free. Founded by Thomas Sun and Tim Gavrilovic in 2018, AmpUp has now raised a total of $277K in total equity funding and is backed by Hyundai Motor Company.
BigID – $60.0M
New York-based BigID is a data intelligence company that helps organizations discover, manage, and protect sensitive information. Founded by Dimitri Sirota and Nimrod Vax in 2016, BigID has now raised a total of $306.1M in total equity funding and is backed by Advent International, Riverwood Capital, and Silver Lake Waterman.
Coterie Insurance – $27.0M
Cincinnati-based Coterie Insurance provides commercial insurance services and includes an API for integration and policy management. Founded by David McFarland, Kevin Mackey, and Tim Metzner in 2018, Coterie Insurance has now raised a total of $97.0M in total equity funding and is backed by Hiscox, Intact Ventures, RPM Ventures, and Weatherford Capital.
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CyberSaint Security – $21.0M
Boston-based CyberSaint is the leading cyber risk management company. Founded by George Wrenn, Padraic O’Reilly, and Scott Schlimmer in 2016, CyberSaint Security has now raised a total of $24.0M in total equity funding and is backed by Audeo Capital, BlueIO, Riverside Acceleration Capital, and Sage Hill Investors.
Hippocratic AI – $53.0M
Palo Alto-based Hippocratic AI aims to develop the first Large Language Model (LLM) specifically designed for healthcare, prioritizing safety and accuracy. Founded by Alex Miller, Munjal Shah, and Vishal Parikh in 2022, Hippocratic AI has now raised a total of $118.0M in total equity funding and is backed by Andreessen Horowitz, Cincinnati Children’s, General Catalyst, Memorial Hermann Foundation, PremjiInvest, SVA, Universal Health Services, and WellSpan Health.
Loyal – $45.0M
San Francisco-based Loyal is a biotechnology company developing medicines to extend dogs lifespan and maintain their quality of life. Founded by Celine Halioua in 2019, Loyal has now raised a total of $103.0M in total equity funding and is backed by Bain Capital Ventures, BoxGroup, Collaborative Fund, First Round Capital, Khosla Ventures, Quiet Capital, The Todd & Rahul Angel Fund, and Valor Equity Partners.
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Marco – $12.0M
Miami-based Marco provides a tech-enabled financing platform designed for small and medium-sized businesses. Founded by Jacob Shoihet and Peter Spradling in 2019, Marco has now raised a total of $38.4M in total equity funding and is backed by Arcadia Funds, Barn Investments, Florida Funders, IDB Lab, IDC Ventures, Kayyak Ventures, Miami Angels, Neer Venture Partners, and SquareOne Capital.
Pandion – $41.5M
Seattle-based Pandion is a provider of a parcel network technology for e-commerce residential delivery. Founded by Scott Ruffin in 2020, Pandion has now raised a total of $76.4M in total equity funding and is backed by AME Cloud Ventures, Bow Capital, Playground Global, Prologis Ventures, PROOF, Revolution Growth, Schematic Ventures, Sentinel Global, and Telstra Ventures.
Engrail Therapeutics – $157.0M
San Diego-based Engrail Therapeutics is a developer of medicines to transform the lives of patients with life-limiting diseases of the nervous system. Founded by Stephen Cunningham and Vikram Sudarsan in 2019, Engrail Therapeutics has now raised a total of $221.0M in total equity funding and is backed by Abrdn, Eight Roads Ventures, F-Prime Capital, Forbion Capital Partners, Longwood Fund, Norwest Venture Partners, Pivotal Life Sciences, Red Tree Venture Capital, RiverVest, and Ysios Capital.
