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 12/7/24 featuring funding details for Nectir, Heirloom, Zitara, and twenty-seven other deals representing $1.78B in new funding that you need to know about.
Gig Wage – $8.3M
Dallas-based Gig Wage is a fintech payroll company for gig workers and contractors. Founded by Craig Jamal Lewis in 2014, Gig Wage has now raised a total of $21.5M in total equity funding and is backed by Chartline, Continental Investors, Green Dot, Motley Fool Ventures, Revolution’s Rise of the Rest Seed Fund, and The Found Group.
CAT Labs – $5.4M
Miami-based CAT Labs is working on cybersecurity and digital asset recovery solutions. Founded by Lili Infante in 2022, CAT Labs has now raised a total of $9.7M in total equity funding and is backed by Castle Island Ventures, CMT Digital, Hash3, and M13.
Cleerly – $106.0M
New York-based Cleerly is a digital healthcare company that offers heart disease diagnosis solutions. Founded by James K. Min in 2017, Cleerly has now raised a total of $386.5M in total equity funding and is backed by Battery Ventures and Insight Partners.
DPL Financial Partners – $23.0M
Louisville-based DPL Financial Partners is an RIA insurance network that brings low-cost, commission-free insurance solutions. Founded by David Lau in 2014, DPL Financial Partners has now raised a total of $84.0M in total equity funding and is backed by Eos Venture Partners and TIAA.
Ethyca – $10.0M
New York-based Ethyca is a privacy engineering platform that enables engineers to develop and ship privacy as a feature of any system. Founded by Cillian Kieran and Miguel Burger-Calderon in 2018, Ethyca has now raised a total of $37.5M in total equity funding and is backed by Aspenwood Ventures and AXA Venture Partners.
HappyRobot – $15.6M
San Francisco-based HappyRobot assists users with various tasks through automated responses and actions. Founded by Javier Palafox, Luis Paarup, and Pablo Palafox in 2022, HappyRobot has now raised a total of $16.6M in total equity funding and is backed by Andreessen Horowitz, RyderVentures, and Y Combinator.
Heirloom – $150.0M
Brisbane-based Heirloom is a provider of direct air capture technology to enhance the natural process of CO2 absorption from the atmosphere. Founded by Noah McQueen and Shashank Samala in 2020, Heirloom has now raised a total of $203.0M in total equity funding and is backed by Ahren Innovation Capital, Breakthrough Energy Ventures, Carbon Direct Capital, Future Positive, H&M Group Ventures, Japan Airlines (JAL), Lowercarbon Capital, MCJ, Mitsubishi Corporation (Americas), Mitsui & Co., MOL Switch, Quantum Energy Partners, and Siemens Financial Services.
Nectir – $4.0M
Los Angeles-based Nectir AI is a powerful platform that allows educators to create customizable, FERPA-compliant AI Assistants that live within the LMS. Founded by Jordan Long and Kavitta Ghai in 2018, Nectir has now raised a total of $6.3M in total equity funding and is backed by Long Journey Ventures.
Public – $105.0M
New York-based Public is a fractional investing platform that allows members to build diverse portfolios, including stocks, ETFs, crypto, and NFTs. Founded by Jannick Malling, Leif Abraham, Matt Kennedy, Peter Quinn, and Sean Hendelman in 2019, Public has now raised a total of $413.5M in total equity funding and is backed by Accel.
Sandbox Wealth – $1.3M
New York-based Sandbox Wealth is a turnkey private banking platform for non-bank financial institutions. Founded by Ray Denis in 2023, Sandbox Wealth has now raised a total of $1.3M in total equity funding and is backed by gener8tor, NextGen Venture Partners, Northwestern Mutual Future Ventures, and RevTech Labs Capital.
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StretchDollar – $6.0M
San Francisco-based StretchDollar is an insurance company that offers custom health benefits for small businesses. Founded by Kaiza Molina and Marshall Darr in 2023, StretchDollar has now raised a total of $7.6M in total equity funding and is backed by Fika Ventures, Oscar Health, Precursor Ventures, and Springbank Collective.
TRACTIAN – $120.0M
Atlanta-based Tractian is a machine intelligence company that provides condition monitoring and asset performance management for industrial operations. Founded by Gabriel Lameirinhas and Igor Marinelli in 2019, TRACTIAN has now raised a total of $183.7M in total equity funding and is backed by General Catalyst, Next47, NGP Capital, and Sapphire Ventures.
Turion Space – $20.0M
Irvine-based Turion Space provides space domain awareness data and space logistic services. Founded by Patryk Wiatr, Ryan Westerdahl, and Tyler James Pierce in 2020, Turion Space has now raised a total of $27.8M in total equity funding and is backed by Veteran Ventures Capital.
Upwind Security – $100.0M
San Francisco-based Upwind Security provides cybersecurity solutions to protect organizations from digital threats and vulnerabilities. Founded by Amiram Shachar in 2022, Upwind Security has now raised a total of $180.0M in total equity funding and is backed by Alta Park Capital, Cerca Partners, Craft Ventures, Cyberstarts, Greylock, Leaders Fund, Penny Jar Capital, Sheva Capital, and TCV.
ModifyHealth – $13.5M
Alpharetta-based ModifyHealth is a digital health platform that offers medically tailored meals and nutritional counseling. Founded by George Pratt in 2018, ModifyHealth has now raised a total of $27.5M in total equity funding and is backed by Dohmen Impact Investment Fund, Nashville Capital Network, and RC Capital.
PhotoniCare – $4.6M
Champaign-based PhotoniCare is a medical device company that develops diagnostic tools to improve clinical outcomes and address unmet patient needs. Founded by Ryan Nolan, Ryan Shelton, and Stephen Boppart in 2013, PhotoniCare has now raised a total of $18.5M in total equity funding and is backed by Gentex Corporation and Michigan Capital Network.
Tenstorrent – $693.0M
Santa Clara-based Tenstorrent develops advanced AI hardware and software solutions for data processing and machine learning application. Founded by Ivan Hamer, Ljubisa Bajic, and Milos Trajkovic in 2016, Tenstorrent has now raised a total of $1.0B in total equity funding and is backed by AFW Partners, Baillie Gifford, Bezos Expeditions, Corner Capital Management, Export Development Canada, Fidelity, Healthcare of Ontario Pension Plan (HOOPP), Hyundai Motor Group, LG Electronics, MESH, Samsung Securities, and XTX Markets.
AMP – $91.0M
Louisville-based AMP utilizes AI-powered sortation to enhance recycling efficiency and reduce costs. Founded by James Bailey and Matanya Horowitz in 2015, AMP has now raised a total of $264.5M in total equity funding and is backed by Blue Earth Capital, CalSTRS, Congruent Ventures, Liberty Mutual Investments, Range Ventures, Sequoia Capital, Tao Capital Partners, Wellington Management, and XN.
ConnectDER – $35.0M
Philadelphia-based ConnectDER is a solar technology company developing meter collars to connect distributed energy resources to the home and the grid. Founded by Whitman Fulton in 2011, ConnectDER has now raised a total of $77.1M in total equity funding and is backed by Avista Development, Clean Energy Ventures, Decarbonization Partners, Energy Innovation Capital, Evergy Ventures, LG Technology Ventures, MassMutual Ventures, and Zoma Capital.
Enterpret – $20.8M
San Francisco-based Enterpret analyzes customer feedback using AI and NLP, offering tailored insights for product growth. Founded by Arnav Sharma and Varun Sharma in 2020, Enterpret has now raised a total of $25.1M in total equity funding and is backed by Andrew Berman, Canaan Partners, Elena Verna, Kleiner Perkins, Lauryn Motamedi, Nan Yu, Peak XV Partners, Recall Capital, WIND Ventures, and Wing Venture Capital.
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Nurture Boss – $4.0M
Scottsdale-based Nurture Boss is the leading provider of AI for Multifamily. Nurture Boss automates the lead to lease and lease to renewal lifecycle. Founded by Jacob Carter in 2020, Nurture Boss has now raised a total of $8.0M in total equity funding and is backed by AZ-VC, In Revenue Capital, and PHX Ventures.
Sage – $35.0M
New York-based Sage is an operation management system that enhances senior caregiving efficiency. Founded by Ellen Johnston, Matthew Lynch, and Raj Mehra in 2020, Sage has now raised a total of $59.0M in total equity funding and is backed by ANIMO Ventures, Distributed Ventures, Friends & Family Capital, Goldcrest Capital, IVP, Maveron, and Plus Capital.
Vooma – $13.0M
San Francisco-based Vooma is a back-office automation platform that enables automated order entry for brokers and carriers. Founded by Jesse Buckingham and Mike Carter in 2023, Vooma has now raised a total of $17.1M in total equity funding and is backed by Craft Ventures, Definition, HOF Capital, Index Ventures, Operator Stack, and Soma Capital.
Zitara – $17.0M
Oakland-based Zitara builds battery management software for enterprises with large deployments. Founded by Evan Murphy and Shyam Srinivasan in 2019, Zitara has now raised a total of $29.0M in total equity funding and is backed by Chevron Technology Ventures, Climate Capital, Emerson Ventures, Energy Impact Partners, and Salesforce Ventures.
Acceleron Fusion – $24.0M
Cambridge-based Acceleron Fusion provides clean energy solutions by using fusion technology. Founded by Ara Knaian in 2023, Acceleron Fusion has now raised a total of $39.4M in total equity funding and is backed by Collaborative Fund and Lowercarbon Capital.
Tuskira – $28.5M
Danville-based Tuskira provides cutting-edge threat defense system using a security mesh driven by AI. Founded by Om Moolchandani, Piyush Sharrma, and Vipul Parmar in , Tuskira has now raised a total of $28.5M in total equity funding and is backed by Intel Capital, Rain Capital, Sorenson Capital, SYN Ventures, and Wipro Ventures.
Eagle Electronics – $14.0M
Solon-based Eagle Electronics is the leading American-made cellular module maker. Founded by Mark Kvamme in 2024, Eagle Electronics has now raised a total of $14.0M in total equity funding and is backed by Asymmetric Capital Partners and The O.H.I.O. Fund.
Sollis Health – $33.0M
New York-based Sollis Health offers concierge medical centers that provide on-demand care for families, including same-day visits and virtual care options. Founded by Andrew Olanow, Benjamin Kruger, and Dr. Bernard Kruger in 2017, Sollis Health has now raised a total of $80.4M in total equity funding and is backed by Foresite Capital, Friedom Partners, Montage Ventures, One Eight Capital, Read Capital, and Torch Capital.
Soda Health – $50.0M
Chicago-based Soda Health is a healthcare technology company dedicated to eliminating health inequities through social determinants of health. Founded by Robby Knight in 2021, Soda Health has now raised a total of $81.0M in total equity funding and is backed by Bruce D. Broussard, Define Ventures, General Catalyst, Lightspeed Venture Partners, Qiming Venture Partners USA, and SVB Capital.
Ossio – $27.6M
Woburn-based Ossio is an orthopedic medical device company. Founded by Orahn Preiss Bloom in 2014, Ossio has now raised a total of $88.1M in total equity funding and is backed by Courage Capital Management, MVM Life Science Partners, OCV, Ortho Vision, and Questa Capital Management.
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.
