Series A activity: Week of June 24, 2024

Here's data on the Series A deals done last week

Series A Deals (table)

Series A Deals (with descriptions)

• Ai Palette raised $7.70 million from Tin Men Capital(Jeremy Tan) on 24-Jun-2024. The CEO is Somsubhra GanChoudhuri. Ai Palette is based in Singapore, Singapore. Ai Palette is a developer of a product development platform that uses advanced machine learning techniques to help FMCG companies create consumer-winning products by identifying food trends and uncovering consumer needs.

• Diraq raised $22.00 million from Quantonation(William Zeng) on 24-Jun-2024. The CEO is Andrew Dzurak. Diraq is based in Sydney, Australia. Diraq is a manufacturer of quantum computing and semiconductor chips that use silicon-based qubits and CMOS-based architecture for scalable quantum computing and practical commercial applications.

• Heyday Health raised $12.50 million at $45.00 million from Great Oaks Venture Capital, Kate Ryder(Kate Ryder) on 24-Jun-2024. The CEO is Robert Shady. Heyday Health is based in Cambridge, MA. Heyday Health is a provider of hybrid primary healthcare services offering personalized and dedicated medical care for seniors.

• Hypersonic Laboratories raised $10.86 million at $34.86 million from Play Ventures(Kenrick Drijkoningen) on 24-Jun-2024. The CEO is Jack Seong. Hypersonic Laboratories is based in Los Angeles, CA. Hypersonic Laboratories is a developer of a metaverse gaming application that provides users with a real player immersion experience and a built-in marketplace for metaverse items.

• Zyod raised $18.00 million from Lightspeed India Partners(Rahul Taneja), RTP Global(Nishit Garg) on 24-Jun-2024. The CEO is Ankit Jaipuria. Zyod is based in Gurugram, India. Zyod is an operator of a business-to-business clothing marketplace that provides end-to-end apparel sourcing and manufacturing using a unique cluster-based supply chain.

• AirOps raised $21.62 million at $60.00 million from Apollo Global Management (NYS: APO), Founder Collective, Gaingels, Lachy Groom(Lachy Groom), Village Global, Wing Venture Capital, Xfund on 25-Jun-2024. The CEO is Alexander Halliday. AirOps is based in San Francisco, CA. AirOps is an operator of a software company that helps businesses deploy AI-powered apps at scale within their existing systems and workflows.

• BlueFlame AI raised $5.00 million at $50.00 million from Karya Capital Management on 25-Jun-2024. The CEO is Raj Bakhru. BlueFlame AI is based in Chatham, NJ. BlueFlame AI is a developer of artificial intelligence-based financial software designed for alternative investment managers.

• CereTax raised $9.00 million from S3 Ventures(Aaron Perman) on 25-Jun-2024. The CEO is Mike Sanders. CereTax is based in Alpharetta, GA. CereTax is a developer of a tax automation platform that helps companies handle challenges with legacy services, from speed and scalability to dependability and throughput.

• Cloudphysician raised $10.50 million from Peak XV Partners(Mohit Bhatnagar) on 25-Jun-2024. The CEO is Dhruv Joshi. Cloudphysician is based in Bengaluru, India. Cloudphysician is a developer of a remote management platform that uses advanced technologies to improve patient outcomes through real-time support and early-stage diagnosis of critical diseases.

• Deskpro raised $25.00 million from Elsewhere Partners(Christopher Pacitti) on 25-Jun-2024. The CEO is Brad Murdoch. Deskpro is based in London, United Kingdom. Deskpro is a developer of helpdesk software designed to deliver a more efficient and memorable support experience for businesses.

• Formic raised $53.90 million at $153.90 million from Blackhorn Ventures on 25-Jun-2024. The CEO is Saman Farid. Formic is based in Chicago, IL. Formic is an operator of a robotics company that develops customized robots for operation automation, providing manufacturers with flexible and low-risk automation solutions.

• Function Health raised $53.00 million from Andreessen Horowitz on 25-Jun-2024. The CEO is Jonathan Swerdlin. Function Health is based in Austin, TX. Function Health is a developer of a comprehensive health data platform that examines personal risk for disease through routine whole-body lab testing and personalized guidance from top doctors.

• Hive Technologies raised $30.42 million from Earlybird Venture Capital(Tim Rehder) on 25-Jun-2024. The CEO is Oskar Ziegler. Hive Technologies is based in Berlin, Germany. Hive Technologies is a developer of an all-in-one third-party logistics operations platform that helps manage direct-to-consumer brands for small and medium-sized online merchants.

• k-ID raised $45.00 million from Andreessen Horowitz, Lightspeed Venture Partners on 25-Jun-2024. The CEO is Kieran Donovan. k-ID is based in Singapore, Singapore. k-ID is a developer of digital security technology that provides developers with an architecture to simplify compliance with laws related to kids and teens online.

• Norm AI raised $38.39 million from Coatue Management(Sri Viswanath) on 25-Jun-2024. The CEO is John Nay. Norm AI is based in New York, NY. Norm AI is a developer of a regulatory AI agent platform designed to convert regulations into AI agents that can make autonomous compliance determinations for companies.

• Payabli raised $20.00 million at $95.00 million from QED Investors(Laura Bock) on 25-Jun-2024. The CEO is William Corbera. Payabli is based in Miami, FL. Payabli is a developer of payment infrastructure and monetization platform used by corporations and merchants for payment acceptance and issuance.

• RaySecur raised $6.50 million at $48.50 million from on 25-Jun-2024. The CEO is Alexander Sappok. RaySecur is based in Westwood, MA. RaySecur is a developer of a screening device that provides real-time mail screening for threat detection using advanced millimeter wave technology.

• Sid's Farm raised $10.00 million from Omnivore Capital Management, The Narotam Sekhsaria Family Office on 25-Jun-2024. The CEO is Kishore Indukuri. Sid's Farm is based in Hyderabad, India. Sid's Farm is an operator of a dairy firm that provides consumers with quality milk free from hormones, preservatives, and antibiotics.

• Sift raised $17.50 million from GV(Crystal Huang) on 25-Jun-2024. The CEO is Karthik Gollapudi. Sift is based in El Segundo, CA. Sift is a developer of telemetry operations platform designed for complex engineering, providing constellation scale tools and data pipelines for advanced networks.

• Space and Time raised $20.00 million at $320.00 million from Cypher Capital (Dubai) on 25-Jun-2024. The CEO is Nate Holiday. Space and Time is based in San Clemente, CA. Space and Time is a developer of a decentralized analytics platform that powers low-latency queries and tamperproof analytics across the Web.

• Two Brothers Organic Farms raised $6.98 million from Rainmatter Capital(Nithin Kamath), Raju Chekuri(Raju Chekuri) on 25-Jun-2024. The CEO is Ajinkya Hange. Two Brothers Organic Farms is based in Pune, India. Two Brothers Organic Farms is a producer of natural and organic farming products offering quality food items including ghee, natural sweeteners, and healthy snacks.

• Zuub raised $8.25 million at $46.25 million from Vertical Venture Partners(Bradley Corona) on 25-Jun-2024. The CEO is Luka Sklizovic. Zuub is based in Los Angeles, CA. Zuub is a developer of dental revenue cycle management platform that helps dental practices with patient-friendly treatment plan presentations and automated features.

• Conduit (Financial Software) raised $37.00 million at $220.00 million from Haun Ventures(Chris Ahn), Paradigm (Crypto Fund)(Daniel Pyrathon) on 26-Jun-2024. The CEO is Andrew Huang. Conduit (Financial Software) is based in San Francisco, CA. Conduit (Financial Software) is a developer of a crypto native infrastructure platform that provides tools for creating, deploying, and maintaining smart contracts on the Ethereum network.

• Crossover Markets raised $12.00 million at $50.00 million from DRW Venture Capital(Kimberly Trautmann), Illuminate Financial Management(Mark Beeston) on 26-Jun-2024. The CEO is Brandon Mulvihill. Crossover Markets is based in Bernardsville, NJ. Crossover Markets is a developer of a digital asset exchange platform that speeds up cryptocurrency trading and reduces latency for institutional investors.

• iVerify (Network Management Software) raised $13.13 million at $50.00 million from Shine Capital(Alexander Hartz) on 26-Jun-2024. The CEO is Danny Rogers. iVerify (Network Management Software) is based in Long Island City, NY. iVerify (Network Management Software) is a platform that monitors for suspicious activity on mobile devices to implement stronger mobile security postures.

• Phyla raised $7.66 million at $16.16 million from Brandon Shainfeld(Brandon Shainfeld), Joyance Partners, Maximum Effort Productions(Ryan Reynolds), N Plus One Ventures, Progression Fund, Willow Growth Partners on 26-Jun-2024. The CEO is Yug Varma. Phyla is based in Petaluma, CA. Phyla is a developer of probiotic skincare products that utilizes microbiome technology to treat acne effectively without harming the skin.

• Rainforest raised $20.00 million at $100.00 million from Matrix Partners(Matthew Brown) on 26-Jun-2024. The CEO is Joshua Silver. Rainforest is based in Brookhaven, GA. Rainforest is a developer of a payment processing platform that helps embed payment integration into various systems with robust payment flows.

• Samsara Eco raised $65.00 million from Main Sequence Ventures, Temasek Holdings on 26-Jun-2024. The CEO is Paul Riley. Samsara Eco is based in Sydney, Australia. Samsara Eco is an operator of a revolutionary enzymatic tech company that uses plastic-eating super enzymes to infinitely recycle plastic waste.

• Aether Fuels raised $34.00 million from AP Ventures(Kevin Eggers) on 27-Jun-2024. The CEO is Conor Madigan. Aether Fuels is based in Singapore, Singapore. Aether Fuels is a developer of sustainable fuel technology that enables the scalable and economical production of sustainable fuels from waste biomass and biogenic carbon dioxide.

• Authzed raised $12.00 million from General Catalyst on 27-Jun-2024. The CEO is Jacob Moshenko. Authzed is based in New York, NY. Authzed is a developer of API service management platform that supports developers in building permissions in their applications.

• Bling (Financial Software) raised $12.07 million from Owl Ventures(Jenny Wang) on 27-Jun-2024. The CEO is not provided. Bling (Financial Software) is based in Berlin, Germany. Bling (Financial Software) is a developer of pocket money cards and applications designed to help children and young people across Europe understand and manage digital money responsibly.

• Dust raised $16.00 million from Sequoia Capital on 27-Jun-2024. The CEO is Gabriel Hubert. Dust is based in Paris, France. Dust is a developer of custom artificial intelligence assistant that connects proprietary knowledge and data, empowering business teams with tailored assistants for concrete use cases.

• e-Zinc raised $56.00 million from Anzu Partners(David Michael), Evok Innovations on 27-Jun-2024. The CEO is James Larsen. e-Zinc is based in Toronto, Canada. e-Zinc is a developer of economic energy storage technology that turns electricity into physically free zinc material for storing and utilizing electrochemical energy.

• Hoodie Analytics raised $5.00 million from Measure 8 Venture Partners on 27-Jun-2024. The CEO is Wes Shepherd. Hoodie Analytics is based in Chicago, IL. Hoodie Analytics is a developer of a data insights and enrichment platform that reinvents the way data is acquired and used, connecting to unlimited data sources and providing instant insights.

• Innatera raised $21.00 million from Invest-NL (Investment Company)(Johan Stins) on 27-Jun-2024. The CEO is Sumeet Kumar. Innatera is based in Rijswijk, Netherlands. Innatera is a manufacturer of ultra-efficient neuromorphic processors that mimic the brain's mechanisms for processing sensory data.

• Supercede raised $15.26 million from Alven Capital Partners(Margaux Gregoir) on 27-Jun-2024. The CEO is Jerad Leigh. Supercede is based in Telford, United Kingdom. Supercede is a developer of an insurance tech platform that offers an electronic placement system for open-market reinsurance business.

• Zeti raised $6.36 million from Hycap(Scott Lanphere) on 27-Jun-2024. The CEO is Daniel Saunders. Zeti is based in London, United Kingdom. Zeti is a developer of a digital financing platform designed to accelerate the adoption of zero-emission transport at scale.

• Enalees raised $16.16 million from Bpifrance on 28-Jun-2024. The CEO is Laurent Thiery. Enalees is based in Evry, France. Enalees is a developer of biotechnology company that provides DNA tests for the detection of microbes responsible for infectious diseases in leisure animals.

Summary Stats

Data for Series A deals done worldwide (ex-China) where amount raised is greater than $5M and the company is not focused on therapeutics.

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Disclosures

This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.