Parsers VC - Weekly Funding / Startup / VC news of September 24, 2024

Venture Capital News. Funding rounds, statistics Week of September 17 - September 23: United States (45 - $2.41B), India (12 - $159M), United Kingdom (8 - $2.7B), Germany (5 - $46M), Switzerland (5 - $77M), Canada (3 - $60M)

September 24, 2024

In partnership with

The Rising Demand for Whiskey: A Smart Investor’s Choice

Why are 250,000 Vinovest customers investing in whiskey?

In a word - consumption.

Global alcohol consumption is on the rise, with projections hitting new peaks by 2028. Whiskey, in particular, is experiencing significant growth, with the number of US craft distilleries quadrupling in the past decade. Younger generations are moving from beer to cocktails, boosting whiskey's popularity.

That’s not all.

Whiskey's tangible nature, market resilience, and Vinovest’s strategic approach make whiskey a smart addition to any diversified portfolio.

In the ever-evolving world of cybersecurity, recent events have underscored the urgent need for collaboration and innovation. The recent CrowdStrike outage, which disrupted millions of Windows systems, served as a wake-up call. At a summit hosted by Microsoft, industry leaders gathered to address the complexities of modern security. They recognized that the digital landscape is fraught with challenges, and no single solution exists.
The summit was not just a meeting; it was a call to arms. Microsoft and its partners, including CrowdStrike, Trend Micro, and others, acknowledged their shared responsibility. They understood that they are not just competitors; they are allies in the fight against cyber threats. The adversaries are the hackers, the malicious actors lurking in the shadows.

In the bustling streets of Chennai, a financial revolution is brewing. Kaleidofin, a fintech firm, has secured $13.8 million in fresh funding. This round was led by Rabo Partnerships, a Netherlands-based investor, which contributed $11 million. The remaining funds came from familiar faces: the Michael and Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures. With this latest infusion, Kaleidofin's total capital raised climbs to $37 million.
Founded in 2017, Kaleidofin is not just another fintech startup. It aims to bridge the financial gap for low-income customers and small businesses in India's informal economy. The firm combines innovative tools like credit health assessments, risk management dashboards, and middleware solutions. These tools are designed to unlock financial opportunities for those often overlooked by traditional banking systems.

In the bustling world of food and beverage, data is the new gold. Datassential, a New York City-based company, has just received a significant growth investment. The exact amount remains undisclosed, but the implications are clear. This funding will help Datassential expand its reach and enhance its capabilities.
Founded in 2001, Datassential has carved a niche in the food and beverage intelligence sector. The company offers a suite of AI-powered solutions that provide insights into trends, competitive benchmarking, and sales intelligence. Think of it as a compass for brands navigating the complex landscape of consumer preferences.

In the fast-paced world of cryptocurrency, stability is a rare gem. Enter Tether's USDT, the heavyweight champion of stablecoins. With a market share soaring to 75%, USDT is not just winning; it’s redefining the game. Over the past two years, its market cap has skyrocketed from $65 billion to a staggering $118 billion. This meteoric rise is no accident. It’s a blend of strategic positioning, user trust, and a bit of luck.
Stablecoins are the bridges between the chaotic world of crypto and the stability of fiat currencies. They are designed to maintain a stable value, often pegged to assets like the U.S. dollar. USDT has become the backbone of this ecosystem, holding nearly three-quarters of the total stablecoin market value. In a landscape where volatility reigns, USDT stands tall, a lighthouse guiding traders through turbulent waters.

In the bustling world of recruitment, Vahan.ai stands out like a lighthouse in a storm. This Bengaluru-based platform has just secured $10 million in a Series B funding round, led by Khosla Ventures. The funding marks a significant milestone for Vahan, which focuses on connecting blue-collar workers with employers across India.
Founded in 2016, Vahan has become a vital player in the recruitment landscape, especially for the country’s vast blue-collar workforce, estimated at around 300 million. The latest funding round also saw participation from notable investors like Y Combinator, Gaingels, and Vijay Shekhar Sharma, the founder of Paytm. This diverse backing reflects the growing recognition of Vahan's potential to transform recruitment.

In a world where news travels at the speed of light, hyperlocal news platforms are the new beacons of information. Way2News, a Hyderabad-based startup, is leading this charge. Recently, it secured $14 million in a Series B funding round, a significant boost for its mission to deliver localized news across South India. This funding, led by WestBridge Capital, is more than just numbers; it’s a testament to the growing demand for relevant, accessible news.
Founded in 2015 by Raju Vanapala, Way2News has carved a niche in the crowded media landscape. The platform focuses on delivering short, engaging news stories in local languages. It’s like a local friend sharing the latest gossip, but with the credibility of trusted sources. With over 50 million app downloads, Way2News is not just a player; it’s a force in the regional news ecosystem.

In the bustling world of startups, fresh capital is the lifeblood that fuels innovation. Recently, several companies have secured early-stage funding, each carving out its niche in the market. From data infrastructure to luxury oral care, these ventures are poised for growth.
E6Data, Llumo AI, and Salt Oral Care are three companies that have recently attracted attention with their funding rounds. Each has a unique story, yet they share a common goal: to expand and innovate.
E6Data, a data infrastructure startup, raised $10 million in a Series A funding round. Led by Accel, with participation from Beenext, this funding will allow E6Data to enhance its research and development. Founded in 2021, the company has developed a high-performance lakehouse compute engine. This technology is designed to optimize enterprise data analytics, helping businesses escape the shackles of ecosystem lock-in. With a consumption-based revenue model, E6Data charges clients based on their compute usage. This flexible approach appeals to enterprises looking to maximize their return on investment.

n the tangled web of healthcare, clarity is often a rare gem. Patients face mountains of paperwork, while providers grapple with the labyrinth of insurance verification. Enter Nirvana, a health tech startup that just secured $24.2 million in Series A funding. This infusion of capital, led by Northzone and joined by Inspired Capital, Eniac Ventures, and Surface Ventures, is set to illuminate the dark corners of healthcare billing.
Nirvana’s mission is clear: to bring transparency to insurance verification. The founders, Akshay Venkitasubramanian, Urvish Parikh, and Kelvin Chan, saw firsthand the financial struggles that patients and providers endure. They decided to harness the power of artificial intelligence to tackle these issues head-on. Their platform promises instant insurance verification and accurate cost estimates, empowering patients to navigate their healthcare journeys without fear of unexpected bills.

Last week's funding rounds

158 funding rounds, +1% from last week.

Number of funding rounds in the last quarter - September 23, 2024 by Parsers VC

Total raised $5.46 billion, +10% since last week

Total raised $, bln - September 23, 2024 by Parsers VC

Funding rounds in United States

  • EasyDMARC Raises $20M Series A Round 

  • RJ Young Raises $50K 

  • Blackcloakcyber Raises $17M Series B Round 

  • Pairwise Raises $40M Series C Round 

  • ImmunOs Therapeutics Raises $11M Series C Round 

  • Hotel Engine Raises $140M Series C Round at $2.1B Valuation 

  • Wealth Raises $30M Series A Round 

  • DeltaStream Raises $15M Series A Round 

  • RunSafe Security Inc. Raises $12M Series B Round 

  • Roots Automation Raises $22.2M 

  • Orb Raises $25M Series B Round 

  • Two Boxes Raises $5.3M 

  • Centricity  Raises $20M 

  • Hgen Raises $5M Seed Round 

  • GreenLite Technologies Raises $28.5M Series A Round 

  • Slingshot Aerospace Raises $30M from Trinity Capital 

  • RevBio, Inc. Raises $2.4M Grant Round 

  • e6data Raises $10M Series A Round from Accel Partners 

  • Intezer Raises $33M Series C Round 

  • NURA BIO Raises $140M Series A Round 

  • Knit Raises $9M 

  • Safire Next Generation Battery Safety Raises $8M 

  • neurexistherapeutics.com Raises $3M from National Institutes of Health 

  • Picus Security Raises $45M 

  • Texas Workforce Commission Raises $350K Grant Round 

  • Cherre Raises $30M Series C Round 

  • Air Company Raises $69M Series B Round 

  • Ferrum Health, Inc. Raises $16M Series A Round 

  • Bicara Therapeutics Raises $362M IPO Round 

  • Virtuous Raises $100M 

  • Midi Health Raises $63M Series B Round 

  • HavocAI Raises $11M Seed Round 

  • Kasisto, Inc. Raises $90M 

  • Epica International Raises $18M 

  • Fathom Raises $17M Series A Round 

  • Alight Solutions Raises $122.61M 

  • Varcomm Broadband Raises $10M Grant Round 

  • Prof Jim Raises $1.5M 

  • DIRT Raises $2M Pre-Seed Round 

  • Aclima, Inc. Raises $13M 

  • Twelve Raises $645M 

  • Harbor Sleep Raises $7M Seed Round 

  • PictorLabs Inc Raises $30M Series B Round 

  • rep.ai Raises $7.5M 

  • AtoB Raises $130M 

Funding rounds in United Kingdom

  • Peratech Holdco Limited Raises $31.5M 

  • TG0 Raises $2.56M 

  • MiAlgae Raises $18.5M 

  • Fluorok Raises $10.25M 

  • Apolitical Raises $2M Grant Round from Public (Mentorship and Consulting) 

  • Aquark Technologies Raises $5.57M Seed Round 

  • Schroders Raises $2.6B 

  • Datamaran Raises $33M Series C Round 

Funding rounds in India

  • Way2News Raises $14M Series B Round 

  • Redcliffe Labs Raises $42M Series C Round 

  • Swiggy Raises $596.9K IPO Round 

  • Kaleidofin Private Limited Raises $13.8M 

  • DailyObjects Raises $10M Series B Round 

  • Vahan Raises $10M from Khosla Ventures 

  • NowPurchase Raises $6M 

  • Aye Finance Pvt Ltd Raises $30M Series G Round from CapitalG 

  • GlobalBees Raises $703.2K 

  • Big Bang Boom Solutions (BBBS) Raises $29.9M 

  • GalaxEye Space Raises $2.03M from Infosys Technologies 

  • BookMyBai.com Raises $239.2K Seed Round from IP Ventures 

Funding rounds in Germany

  • DeepDrive Raises $33.44M Series B Round 

  • Exakt Health Raises $2.23M 

  • Traxi Sharing GmbH Raises $1.67M 

  • Reactive Robotics Raises $5.57M 

  • become.1 GmbH Raises $3.68M Seed Round 

Funding rounds in Switzerland

  • Abrinca Genomics Raises $177.9K 

  • Neo Medical Raises $68M 

  • Novostia Raises $6.63M 

  • Perovskia Solar AG Raises $2.4M 

  • WattAnyWhere Raises $446.4K 

Funding rounds in Canada

  • Nomic Bio Raises $42M Series B Round 

  • NULIFE GreenTech Raises $300K 

  • Rebelstork Raises $18M Series A Round 

Follow new funding rounds every day on Twitter and Telegram

We prepare personalized newsletters depending on the Locations and Categories of Venture news that interest you.

Select Locations and News Categories for funding rounds, startups and venture capital funds and we will send you the news that interests you most.

Which Locations' news are you more interested in?

Login or Subscribe to participate in polls.

Which Category news are you more interested in?

Login or Subscribe to participate in polls.

Reply

or to participate.