Today 8 Companies Raised $245.9 Million.
Elba, WaveBL, Charm, Acepodia, Koparo, Escape, Fixably, and Rithmm Announced Successful Funding Rounds.
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Deal #1: Elba, a French start-up, secures €2.5 million funding for global expansion of its cybersecurity platform.
About:
Elba is a cybersecurity company that works closely with the Software-as-a-Service (SaaS) ecosystem of its clients. By leveraging its advanced technology and expertise, Elba assists organizations in identifying and addressing potential security vulnerabilities within their systems. The company's primary focus is on interfacing with the SaaS ecosystem, allowing it to conduct thorough security assessments and audits. Elba's platform actively scans for security flaws and provides real-time alerts to clients, ensuring that their teams are promptly informed about any potential risks. With the aim of streamlining the remediation process, Elba offers a convenient "single click" solution to initiate repairs and mitigate the identified vulnerabilities. Elba's commitment to enhancing cybersecurity aligns with the growing need for robust protection in today's digital landscape. By providing proactive security measures and actionable insights, the company empowers organizations to safeguard their sensitive data and critical systems from potential threats.
Funding Round Info:
Elba has recently concluded a successful funding round with prominent participation from various investors and security experts. Leading the funding round is XAnge, an established venture capital firm. Additionally, notable participants include Kima Venture, Plug and Play US, Uncorrelated, and Angel Invest, who have contributed to the financial support and growth of the company. The funding round also attracted the attention and endorsement of distinguished security experts. These experts include Jason Chan, formerly the Chief Information Security Officer (CISO) at Netflix, Jean-Baptiste Aviat, the Chief Technology Officer (CTO) at Sqreen, and Eric Fourrier, the CTO at GitGuardian. Their involvement highlights the recognition of Elba's potential and underscores the credibility of the company within the cybersecurity field.
Deal #2: WaveBL successfully raises $26 million in Series B funding round.
About:
WaveBL is a digital platform that utilizes proprietary blockchain technology to facilitate the secure transfer of trade documents electronically. The company's solution, designed to meet the requirements of various stakeholders involved in trade, enables instant, encrypted, and authenticated transfers of electronic Bills of Lading and other related trade documents. WaveBL ensures compliance with universal processes and regulations that are widely accepted in the industry. The platform has established robust partnerships with prominent companies in the global trade sector, aiming to accelerate the digitalization and adoption of efficient processes. These alliances further strengthen WaveBL's position and enable it to collaborate effectively with shipping companies, agents, brokers, and banks, among other entities involved in trade.
Funding Round Info:
WaveBL, a prominent provider of electronic Bills, has successfully secured $26 million in its recent Series B funding round. This achievement solidifies the company's position as a leading player in the global digital trade document sector. The funding round was led by NewRoad Capital Partners, a demand-driven investment firm specializing in innovative and growth-oriented companies in the supply chain and logistics, retail, and marketing technology sectors. Notably, existing investors including ZIM, Marius Nacht, Contour Venture Partners, Frank Sica, and Techstars Central LLC also participated in this funding round. Joining them as a new investor is Reefknot Investments, supported by Temasek and Kuehne + Nagel.
Deal #3: Charm Industrial Successfully Raises $100 Million in Series B Funding Round.
About:
Charm Industrial has pioneered an innovative approach to carbon sequestration by reintroducing oil underground in the form of bio-oil. The company's unique process involves converting agricultural residue into bio-oil, which is subsequently injected into deep geological formations for long-term storage. By utilizing this method, Charm Industrial aims to contribute to the reduction of carbon emissions and promote sustainable practices. The process involves transforming agricultural waste into bio-oil, which is then securely stored underground, leading to permanent carbon sequestration.
Funding Round Info:
San Francisco-based carbon removal technology company, Charm Industrial, has successfully raised $100 million in its Series B financing round. The funding was led by General Catalyst, a prominent venture capital firm, with participation from Lowercarbon, Exor Ventures, Kinnevik, Thrive Capital, and Elad Gil. As part of the funding announcement, Hemant Taneja, CEO, and Managing Director of General Catalyst, will join Charm's board of directors alongside Ryan Panchadsaram. This collaboration highlights the confidence and support from industry leaders in Charm's mission. The company plans to utilize the funds to expand its engineering and research and development efforts in the field of bio-oil. Additionally, Charm Industrial aims to scale its operations by deploying tens of thousands of pyrolyzers, while also enhancing its transportation capacity.
Deal #4: Acepodia Successfully Raises $100 Million in Series D Financing to Advance its Initiatives.
About:
Acepodia is a cutting-edge technology platform focused on equipping immune cells with antibodies to combat cancer, aiming to revolutionize immunotherapies in the field of oncology. The company is dedicated to advancing research, clinical development, and manufacturing capabilities in the pursuit of effective immunotherapeutic strategies against various types of cancer. Acepodia boasts a diverse portfolio with a broad range of pipeline projects, each tailored to target specific forms of cancer.
Funding Round Info:
Acepodia, a clinical stage biotechnology company, has announced a successful $100 million Series D financing round. The funding was led by Digital Mobile Venture, with participation from additional existing investors. Acepodia focuses on developing first-in-class cell therapies, utilizing its proprietary Antibody-Cell Conjugation (ACC) and allogeneic gamma delta 2 T-cell platforms to address unmet needs in cancer care. The raised funds will be utilized to advance Acepodia's pipeline of enhanced cell therapies, targeting both solid tumors and hematologic cancers. Among the promising candidates in their pipeline are ACE1831 and ACE2016. ACE1831 is currently undergoing a Phase 1 clinical trial as an anti-CD20 armed allogeneic gamma delta 2 T-cell therapy for patients with non-Hodgkin Lymphoma. On the other hand, ACE2016 is an anti-EGFR armed allogeneic gamma delta 2 T-cell therapy designed to target EGFR-expressing solid tumors.
Deal #5: Koparo, a direct-to-consumer (D2C) home cleaning brand, successfully raises $1.5 million in Pre-Series A funding round led by Saama Capital.
About:
Koparo Clean is a direct-to-consumer (D2C) brand that specializes in providing sustainable home and personal hygiene solutions. The company is dedicated to offering products that promote environmental consciousness and consumer well-being. Koparo Clean has gained recognition for its range of eco-friendly and sustainable products designed to meet the needs of modern households. The brand is committed to reducing its ecological footprint and strives to create a positive impact through its offerings. By combining innovative formulations with responsibly sourced ingredients, Koparo Clean offers a comprehensive selection of home cleaning and personal care products. These include surface cleaners, dishwashing liquids, hand sanitizers, and more, with a focus on delivering effective results while prioritizing sustainability. In addition to its product line, Koparo Clean also pays attention to packaging solutions, seeking to use recyclable materials and minimize plastic usage whenever possible. By encouraging greener choices, the brand aims to inspire consumers to adopt a more sustainable lifestyle. Koparo Clean is recognized as a reliable and forward-thinking brand in the market, catering to the increasing demand for sustainable options in home and personal care. It empowers consumers to make conscious decisions for their homes and personal well-being.
Funding Round Info:
Koparo, a sustainable home and personal hygiene direct-to-consumer (D2C) brand, has successfully raised $1.5 million in a Pre-Series A funding round. Leading the round is Saama Capital, accompanied by co-investors Fluid Ventures and M Venture Partners. Additionally, notable angel investors, including Rajesh Sahwhney (Founder and CEO of GSF Accelerator), Sridhar Sankararaman (Multiples PE), and Ramesh Menon (Ex-Future Group, Hypercity), have joined the round. The funding round also saw the continued participation of existing investor DSG Consumer Partners. The raised funds will be strategically utilized to enhance the brand's offline presence, invest in brand building efforts, and drive product innovation. Koparo has demonstrated remarkable growth over the past 12 months, with its revenues increasing tenfold since its last funding round. The company had previously raised a seed round of $750,000 from Saama and DSG Capital, both of which have chosen to reaffirm their support in this current round.
Deal #6: Escape successfully raises $3.9 million in seed funding to enhance API security across all stages of development.
About:
Escape is an API security company focused on delivering comprehensive solutions to enhance API security. Founded by Tristan Kalos and Antoine Carossio, the company has gained recognition for its participation in Y Combinator's 2023 cohort. Escape's core offering is its DevSecOps SaaS platform, which aims to automatically identify and resolve security flaws in GraphQL APIs during the development process. By seamlessly integrating security practices into the development cycle, Escape empowers developers to build and deploy APIs with confidence, ensuring potential vulnerabilities are effectively addressed. One of Escape's key differentiators is its user-friendly approach that requires minimal configuration. The platform is designed with developers in mind, streamlining the process of ensuring API security without adding unnecessary complexity. This enables developers to focus on their primary tasks while having peace of mind regarding API security. Recently, Escape secured a seed funding round of $3.9 million (€3.6 million) with leading participation from IRIS, Frst, and existing investors including Y Combinator, Irregular Expressions, Tiny Supercomputers, and Kima Ventures. This funding will support the expansion of Escape's team, enabling the hiring of international sales specialists and engineers to drive global product adoption. Additionally, it will contribute to the development of new security features. Escape's commitment to advancing API security and simplifying the process for developers positions the company to meet the growing demand for effective security solutions in the digital landscape.
Funding Round Info:
Escape, an API security company that recently graduated from Y Combinator's 2023 cohort, has announced the successful completion of a $3.9 million (€3.6 million) seed funding round. The funding was led by IRIS, with participation from Frst and existing investors including Y Combinator, Irregular Expressions, Tiny Supercomputers, and Kima Ventures. Noteworthy angel investors, such as Philippe Langlois, Mehdi Medjaoui, and Roxanne Varza, also contributed to the funding round. With this new investment, Escape aims to expand its team by doubling its size. The company plans to hire international sales specialists and engineers who will play a crucial role in accelerating the adoption of its product worldwide. Additionally, the funding will support the development of new security features, further enhancing Escape's offerings.
Deal #7: Fixably Raises $10 Million in Funding, Introduces New Product to Prolong the Lifespan of Over 10 Billion Devices.
About:
Fixably is a Finnish SaaS company that specializes in providing comprehensive service management solutions for technicians and repair shops. With a team dedicated to creating efficient operational systems, Fixably offers a complete service management system specifically tailored for Apple Authorized Service Providers. The company's service management system integrates various tools necessary for carrying out repairs, managing internal resources and workflows, handling monetary transactions, logistics, customer communication, and meeting Apple's requirements, among other functions. By streamlining these processes, Fixably aims to enhance the operational efficiency and effectiveness of technicians and repair shops. Founded in 2015, Fixably is headquartered in Helsinki, Finland, where it continues to innovate and serve its customer base.
Funding Round Info:
Fixably, an internationally recognized after-sales SaaS company, has recently achieved a successful $10 million funding round. This funding enables the company to launch a new product aimed at extending the lifespan of more than 10 billion devices. The funding round witnessed participation from prominent global investors, including 468 Capital, Cusp Capital, icebreaker.vc, and Business Finland. This injection of capital arrives at an opportune moment, with the used smartphone market projected to experience substantial growth, reaching an estimated value of $143.8 billion by 2031. This presents a significant opportunity for the recommerce sector.
Deal #8: Rithmm Successfully Raises $2 Million in Seed Funding.
About:
Rithmm offers personalized predictive analytics for sports betting, utilizing unique analytical algorithms. The company aims to provide assistance to individuals in making informed betting decisions by employing simple models that generate evaluations and predictions for every game. Rithmm's platform aims to empower users with data-driven insights to enhance their betting strategies.
Funding Round Info:
Boston-based sports betting technology startup, Rithmm, has raised $2 million in Seed funding. The funding round was led by prominent investors including Boston Seed Capital, Counterview Capital, Oyster Ventures, Correlation Ventures, Service Provider Capital, and Permit Ventures. The raised funds will be utilized by Rithmm to accelerate its expansion plans and facilitate the launch of its NFL product. Additionally, the company aims to further enhance the capabilities of its platform, strengthen talent acquisition efforts, and bolster marketing initiatives.
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