The Weekly Notable Startup Funding Report takes us on a visit throughout numerous ecosystems within the US, highlighting among the notable funding exercise within the numerous markets that we monitor. The notable startup funding rounds for the week ending 1/21/25 that includes funding particulars for OnPay, Parsyl, Whatnot, and fifteen different offers representing $1.3B in new funding that it’s good to find out about.
Inari – $144.0M
Cambridge-based Inari is a seed design and biotechnology firm growing seeds for a nature-positive meals system. Based by David Berry, Ignacio Martinez, and John Casey in 2016, Inari has now raised $708.0M in whole fairness funding and is backed by Abu Dhabi Funding Authority, Flagship Pioneering, Hanwha Influence Companions, NGS Tremendous, and State of Michigan Retirement System.
Summary – $4.8M
San Francisco-based Summary is a Software program-as-a-Service firm within the Gov & Authorized Tech sectors leveraging Utilized AI to supply danger & alternative analyses. Based by Matthew Chang, Mohammed Hayat, and Patrick Utz in 2020, Abstracthas now raised $11.4M in whole fairness funding and is backed by Bonfire Ventures and Communitas Capital Companions.
Superior Ionics – $6.7M
Milwaukee-based Superior Ionics develops electrolyzers to supply inexpensive inexperienced hydrogen. Based by Chad Mason in 2017, Superior Ionics has now raised $26.3M in whole fairness funding and is backed by Argosy Basis, BP, Clear Power Ventures, JERA, and Lummus Expertise.
Frontier Direct Care – $20.0M
Harlingen-based Frontier Direct Care is a healthcare supplier providing direct main care companies by a membership mannequin. Based by Bibb Beale in 2018, Frontier Direct Care has now raised $24.9M in whole fairness funding and is backed by Mehshah Capital.
Innovaccer – $275.0M
San Francisco-based Innovaccer offers an AI cloud platform for healthcare information administration and analytics. Based by Abhinav Shashank, Kanav Hasija, and Sandeep Ok Gupta in 2014, Innovaccer has now raised $654.1M in whole fairness funding and is backed by B Capital, Banner Well being, Danaher Ventures, Technology Funding Administration, Kaiser Permanente, and M12 – Microsoft’s Enterprise Fund.
Parsyl – $20.0M
Denver-based Parsyl offers data-driven insurance coverage for complicated provide chains. Based by Alex Haar, Ben Hubbard, and Mike Linton in 2017, Parsyl has now raised $62.8M in whole fairness funding and is backed by FirstTracks Ventures, GLP Capital Companions, HSCM Ventures, Lineage Ventures, and The Lightsmith Group.
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Rebellyous Meals – $2.4M
Seattle-based Rebellyous Meals is a meals manufacturing know-how and manufacturing firm. Based by Christie Lagally in 2017, Rebellyous Meals has now raised $47.4M in whole fairness funding and is backed by Clear Present Capital.
Zeto – $31.0M
Santa Clara-based Zeto is remodeling EEG for hospitals with a wi-fi, zero-prep, dry electrode headset backed by a state-of-the-art cloud platform Based by Aswin Gunasekar in 2014, Zeto> has now raised $54.4M in whole fairness funding and is backed by Mindworks International.
OnPay – $63.0M
Atlanta-based OnPay is an HR software program firm that gives payroll, human assets, and advantages options for small and medium-sized companies. Based by Jesse Burgess in 2011, OnPay has now raised $69.0M in whole fairness funding and is backed by AB Personal Credit score Buyers and Carrick Capital Companions.
Hippocratic AI – $141.0M
Palo Alto-based Hippocratic AI develops a safety-focused giant language mannequin for healthcare, security, and accuracy. Based by Alex Miller, Debajyoti Datta, Kim Parikh, Meenesh Bhimani, Munjal Shah, Saad Godil, Subhabrata Mukherjee, and Vishal Parikh in 2023, Hippocratic AI has now raised $276.0M in whole fairness funding and is backed by Andreessen Horowitz, Basic Catalyst, Kleiner Perkins, NVIDIA, PremjiInvest, SV Angel, Common Well being Companies, and WellSpan Well being.
Fazeshift – $4.0M
San Francisco-based Fazeshift automates accounts receivable processes utilizing AI know-how. Based by Caitlin Leksana and Timmy Galvin in 2023, Fazeshift has now raised $4.5M in whole fairness funding and is backed by Gradient, Kulveer Taggar, Phoenix Fund, Pioneer Fund, Richard Aberman, Ritual Capital, Terrence Rohan, Wayfinder Ventures, and Y Combinator.
Fundraise Up – $40.0M
New York-based Fundraise Up is an internet donation platform that helps nonprofits interact donors and enhance income. Based by Anton Isaykin, Peter Byrnes, and Yuriy Smirnov in 2017, Fundraise Up has now raised $52.1M in whole fairness funding and is backed by Summit Companions and Telescope Companions.
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Matic Insurance coverage – $30.0M
Columbus-based Matic is a digital P&C insurance coverage market constructed for companions to simplify the insurance coverage shopping for course of. Based by Aaron Schiff and Benjamin Madick in 2014, Matic Insurancehas now raised $81.0M in whole fairness funding and is backed by Vistara Progress.
Torch Dental – $17.0M
New York-based Torch Dental affords an all-in-one answer to simplify dental provide ordering and stock administration. Based by Drew Werner, Khaled Boukadoum, and Yassine Boukadoum in 2017, Torch Dental has now raised $66.5M in whole fairness funding and is backed by Alumni Ventures, American Specific Ventures, Bessemer Enterprise Companions, Well being Velocity Capital, Parameter Ventures, and Raga Companions.
Whatnot – $265.0M
Marina Del Rey-based Whatnot is a livestream buying platform for purchasing and promoting merchandise. Based by Grant LaFontaine and Logan Head in 2019, Whatnot has now raised $749.7M in whole fairness funding and is backed by Andreessen Horowitz, avra, Bond, CapitalG, DST International, Sturdy Capital Companions, Greycroft, Lightspeed Enterprise Companions, and Y Combinator Continuity Fund.
Firehawk Aerospace – $60.0M
Dallas-based Firehawk Aerospace designs and manufactures rocket motors powered by 3D printed propellant. Based by Ronald Jones, Steve Edwards, and Will Edwards in 2020, Firehawk Aerospace has now raised $88.3M in whole fairness funding and is backed by 1789 Capital, BOKA Group, and Draper Associates.
Motion Labs – $100.0M
San Francisco-based Motion Labs is a modular framework platform that builds and deploys move-based blockchains and functions in distributed settings. Based by Cooper Scanlon and Rushi Manche in 2023, Motion Labs has now raised $141.4M in whole fairness funding and is backed by BH Digital and CoinFund.
Francis Medical – $80.0M
Maple Grove-based Francis Medical is a medical know-how firm growing therapeutic options to deal with prostate, kidney, and bladder most cancers. Based by Michael Hoey in 2018, Francis Medical has now raised $157.0M in whole fairness funding and is backed by Arboretum Ventures, Coloplast, Orlando Well being Ventures, Solas BioVentures, and Tonkawa Investments.
Join with NYC’s Most Influential Tech Leaders & Resolution-Makers
The AlleyWatch community reaches the precise viewers it’s good to join with – NYC’s most progressive startups, tech corporations, and enterprise leaders who’re reshaping industries globally. Our engaged viewers consists of:
C-suite executives and key decision-makers
Founders and entrepreneurs
Enterprise capitalists and traders
Expertise and innovation leaders
Maximize your affect by our confirmed options:• Premium model placement• Focused lead era• Thought management alternatives• Customized content material partnerships
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