Who Got Funded? Week 51, 2023

Morning, startup friends! 🎅 

Ready to explore the most exciting startup stories from last week?

Last week's top-funded startups (18-24 Dec, 2023)

👼 Pre-seed / Angel

🇪🇸 Crescenta secured a $3,860,000 round led by KFund, FJ Labs and All Iron Ventures. You can read more about this deal here.

Crescenta is a digital fund manager that offers online access to various investment funds like private equity and venture capital.

🇩🇪 UltiHash raised a $2,500,000 round led by Inventure. You can read more about this deal here.

This company provides a sustainable and efficient data storage solution. It reduces data storage needs by 50%, saving costs and minimizing environmental impact.

🇵🇱 Quesma raised a $2,300,000 round co-led by Heartcore Capital and Inovo VC. You can read more about this deal here.

Quesma develops technology to improve how applications connect with databases, making data management faster and more efficient.

🇺🇸 Formless secured a $2,200,000 round co-led by a16z Crypto and Beacon web3 accelerator. You can read more about this deal here.

Formless creates network infrastructure for managing property rights and revenue sharing in a digital economy.

🇩🇰 Magic Feedback raised a $1,350,000 round led by Maki VC. You can read more about this deal here.

Magic Feedback develops an AI-driven platform that collects and analyzes user feedback from various sources, making it easier for companies to understand and respond to customer needs.

👶 Seed

🇺🇸 Salt Labs closed a $8,000,000 round led by Third Prime. You can learn more about this deal here.

Salt Labs offers a rewards platform for frontline employees, allowing them to earn rewards based on their working hours.

🇿🇦 Cloudline raised a $6,000,000 round led by Schmidt Futures. You can learn more about this deal here.

Cloudline is developing autonomous airships for zero-emission cargo delivery, aiming to connect remote areas to global supply chains.

🇱🇹 Sentante secured a $6,000,000 round led by Practica Capital. You can read more about this deal here.

Sentante develops robotic systems for endovascular medical procedures, enhancing precision and safety in treatments for cardiovascular diseases.

🇱🇮 Liechtenstein-based Web3mine closed a $6,000,000 round co-led by 1kx and Protocol Labs. You can learn more about this deal here.

This startup is building a liquid staking protocol for community-owned internet infrastructure, including tools for hardware monetization and liquid staking in the Web3 space.

🇺🇸 Redactable raised a $5,500,000 round led by Gradient Ventures. You can read more about this deal here.

Redactable offers an AI-driven web application for securely redacting sensitive information in documents.

🧒 Series A

🇺🇸 Berkeley-based Kimia Therapeutics raised a $55,000,000 round led by The Column Group. You can read more about this deal here.

This startup is developing a platform called ATLAS that combines chemistry, genome editing, and machine learning to identify new drug targets and create novel therapeutics for diseases like cancer and immunological disorders.

🇺🇸 Unnatural Products secured a $32,000,000 round co-led by Merck Global Health Innovation Fund (MGHIF) and ARTIS Ventures. You can learn more about this deal here.

This startup develops new drugs using AI and chemistry, focusing on synthetic molecules that mimic natural macrocycles.

🇫🇷 Rennes-based Sweetch Energy raised a $27,600,000 round led by Révolution Environnementale et Solidaire. You can read more about this deal here.

This company develops technology to generate clean electricity from osmotic energy, using salt water and innovative nanoscale membranes.

🇺🇸 ImpriMed secured a $23,000,000 round led by SBVA. You can learn more about this deal here.

This startup uses AI to predict how individual cancer patients, both animals and potentially humans, will respond to various cancer treatments.

🇫🇷 Paris-based Pivot raised a $22,000,000 round led by Visionaries, Emblem, Anamcara and Oliver Samwer. You can learn more about this deal here.

This startup offers a modern spend management solution, helping companies manage and streamline their procurement processes.

👵 Series B and later

🇺🇸 Sudo Biosciences raised a $116,000,000 round co-led by Enavate Sciences and TPG. You can read more about this deal here.

Sudo Biosciences develops novel medicines targeting TYK2 inhibitors for treating autoimmune and neurologic conditions like multiple sclerosis and psoriasis.

🇺🇸 Lassen Therapeutics secured a $85,000,000 round co-led by Frazier Life Sciences and Longitude Capital. You can read more about this deal here.

This startup develops antibodies for treating fibro-inflammatory disorders like thyroid eye disease and cancer.

🇺🇸 Harvey AI closed a $80,000,000 round co-led by Elad Gil and Kleiner Perkins. You can read more about this deal here.

Harvey is developing a generative AI platform specifically tailored for legal professionals to assist with tasks like summarizing documents, research, and drafting legal briefs.

✅ Takeaways

🤯 The most shocking round: OpenAI and Sequoia Capital are among the investors in Harvey’s round. As many reports indicate, the legal industry is expected to be largely affected by the increasing use of AI applications. You can read more about this deal here.

👩‍🔬 The most disruptive technology: ImpriMed is the only precision medicine company using AI and comprehensive analysis of canine and feline cancer cells to make personalized drug response predictions. You can read more about this deal here.

👀 One story that caught my attention: South African aerospace startup Cloudline has raised a $6,000,000 seed round to expand into Namibia and Mozambique. Discover the story of its founder and the founding journey of Cloudline.

Alright friends! That's everything for today. ✌️ 

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Thank you so much for reading. Have a great end of the year!

Ono