Category: angel investors

Grazzy is an Austin, TX-based developer of a digital payment portal designed to make cashless tips seamless and personal. The company’s portal helps to reduce operating costs, increases wages, and elevates the customer experience through tip enablement and compensation, enabling travelers to maximize earnings and get real-time visibility.

Grazzy was funded $4.25 million, led by Next Coast Ventures, some strategic angel investors, and Tuesday Capital. This latest infusion of capital will accelerate development across enormous hotel brands and operating groups, restaurant groups, and salons scrutinizing for modern ways to enhance the employee experience while reducing costs. Further, this budget will sustain the continuance of logical integrations between the Grazzy platform and the effective payment systems that most hospitality and service businesses rely on to run their operations.

The company is led by Founder and CEO Russell Lemmer. Grazzy allows consumers to digitally cashless tip diners and hotel attendants by scanning a QR code. Workers can immediately access those funds rather than wait for their employer to convert them to cash. Grazzy said this setup could improve employee retention.

Also, by addressing the financial wellness of those employees, they can reduce turnover and improve lives. Based on the comment of Lemmer, even as hourly pay rates increase, they know that cash constraints have meant meaningfully fewer gains for service industry employees who rely on tips to supplement their hourly wages. We’re on a mission to fix that. Our digital, cashless employee-centric platform supports those who earn more money, use it the same day, and save and spend better.

The progressively cashless economy has made it challenging for numerous service-based industries to tip out workers at the end of their shift, compelling multiple to defer tip-outs to weekly or twice monthly paychecks. Grazzy opens access to digital tips, paid through customer credit cards, letting service-based businesses offer same-day, instant access to tips for their staff.

Thomas Ball, Co-Founder of Next Coast Ventures, said, Grazzy’s capability to serve the complex needs of the enterprise makes them impressive to the landscape. In addition, the product and the team’s proven ability to deliver at scale make Grazzy the most potent player today.

By: K. Tagura

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Syky is a next-generation luxury fashion platform provider based in New York. The company believes technology can be an outstanding balance, and the next generation of designers will be digital-first, revolutionizing design in digital, physical, and augmented worlds.

Syky was funded $9.5 million, led by Alexis Ohanian, angel investor of Seven Seven Six, with participation from Brevan Howard Digital, Leadout Capital, First Light Capital Group, and Polygon Ventures. The new funding intends to deploy into building up the company team, setting the designers into the community, and on product and technology expansion.

SYKY was launched and is led by Alice Delahunt, the ex-Chief Digital & Content Officer at Ralph Lauren and Digital & Social Director at Burberry. Delahunt was at Ralph Lauren and had her first countenance at the blockchain. Still, it wasn’t until years later, while working on pioneering some digital cupboard schemes with companies like Snap, Roblox, and Bitmoji, that she had a chance to see that web3 would be more than a place community for luxury fashion.

That’s when Delahunt left Ralph Lauren and started developing Syky, which she said would serve as an incubator, marketplace, and social community for the next generation of fashion designers and consumers. The company is kicking off the community part of its platform by releasing its first NFT, The Keystone, of which 987 will be available on January 20. Fifty Keystones will be reserved for and granted to aspiring designers.

The company plans for the future marketplace to be a revenue driver. It will allow rising and unestablished designers to sell and trade their collections with consumers. It will also be where designers and consumers can curate spaces to showcase their fashion desires.

By: K. Tagura

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Array Behavioral Care, a Mount Laurel, New Jersey-based provider of telepsychiatry assistance to alter access to quality behavioral health care through innovative technology applications. The company’s services include assessment, screening, diagnosis, consultations, and medication management, which can implemented and executed in various settings, enabling hospitals to provide convenient, affordable, and readily accessible mental health services to their patients.

Array Behavioral Care was funded $25 million led by CVS Health, which entered Wells Fargo Strategic Capital, Health Velocity Capital, Harbour Point Capital, OCA Ventures, HLM Venture Partners, OSF Healthcare, and other prestigious angel investors.

The company plans to use the budget to rise in new and existing markets through improved service offerings and operations, innovative technology, and new levels of partnership to develop access to high-quality behavioral care.

The Array has consistently been a strong mental health care provider within Aetna’s network. Array uniquely provides psychiatry and therapy across the continuum of care by serving hospitals, clinics, and individuals directly at home. Array will scale faster to give more keys to quality, convenient behavioral care in new and existing markets through improved benefit offerings and procedures, innovative technology, and the development of the training team.

CVS Health Ventures, Managing Partner and co-founder Vijay Patel said Array’s long record in virtual behavioral maintenance and its commitment to quality stand out. In addition, their partnership and investment can enhance entry to these services, which is essential, with the need for mental health services increasing enormously in recent years.

Virtual resolutions can also help psychiatrists, therapists, and other clinicians who are often loaded with excessive administrative work that detracts from the time finished providing direct patient care. At Array, clinicians have a help team of clinical, functional, managerial, and specialized specialists who support providers operating at the top of their licenses, combined with care units, and likewise practice as they would if they were physically present with the patient.

By: K. Tagura

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Qualytics an Orlando, FL-based developer of an enterprise data quality surveillance platform designed to monitor and actively defend against data pipeline corruption. The company’s technology includes a data firewall that captures erroneous data at the source and prevents it from entering downstream. Data platforms combine it with data pipelines, data flows, and surveillance hubs and use machine learning to automatically create data rules and adapt those rules through supervised workflows, enabling firms to detect and respond to anomalies in real time with active measures such as message-level quarantining.

Qualytics was funded $2.5 million led by Tech Square Ventures, with participation from Engage, SaaS Ventures, Knoll Ventures, and GRI Ventures. Including Inner Loop Capital, Propel Baltimore Fund, Maryland Momentum Fund, The LegalTech Fund, Gaingels, and prominent angel investors. The new investment will raise the company to meet increasing demand from Fortune 500 enterprises deploying Qualytics as their data quality platform.

Gorkem Sevinc, co-founder and CEO of Qualytics, said most companies need to learn the quality of their data. Managing enterprise data quality at scale is an ever-growing need in a world of data-driven findings, insights, and innovations. Their unknown approach applies ML-generated record-level data quality rules to determine anomalies as close to the source as possible. It enables our customers to address their data quality proactively. As they partner with impressive investors, they will resume catering to enterprise customers’ needs and fuel the growth of Qualytics on their exciting journey.

The partner of Tech Square Ventures, Bill Nussey, said they are excited to invest in Qualytics to address significant issues in enterprise data quality. The Qualytics team has built a fantastic product to support data teams and subject matter experts to manage and collaborate on data quality at scale. Qualytics is a rare early-stage company launched by veteran founders with startup and enterprise experience working on a large and growing problem.

By: K. Tagura

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Parallel Bio, a Cambridge, MA-based Operator of a biotechnology company, intended to design and engineer tools to change how diseases are cured. The company’s platform deploys human immune organoids to rapidly accelerate the discovery and development of immunotherapies, cell therapies, antibody therapies, and vaccines, enabling medical professionals to access novel insights into human biology.

Parallel Bio was funded $4.3 million led by Refactor Capital, with participation from Y Combinator Jeff Dean and other strategic angel investors of Breakout Ventures. The acquisition capital has helped it to establish the viability of its immune-system-in-a-dish venue and accelerate the rate of drug discovery and development—several biotech-focused reserves: and senior executives at global pharmaceutical companies.

CEO Robert DiFazio and chief scientific officer Juliana Hilliard, Parallel Bio has developed a platform replicating the human immune system in a drug discovery and development dish. Parallel Bio’s platform merges immune organoids with artificial intelligence and robotics to uniquely illustrate organoids as people. As a result, its platform is the leading technology of its type to model the immune systems of entire people and the only immune technology that has the needed complexity.

Parallel Bio achieved important scientific and business milestones this year, enabling it to get its immune venue to market to medicine and biotechnology partners.

Zal Bilimoria, the founding partner at Refactor Capital, said Parallel Bio has the idea and technology to cure the disease, which starts entirely through the human body. In addition, it is building a new drug discovery and development platform that upends a century-old support for animal testing. Parallel Bio’s method promises to shave billions of dollars of waste and years of extra waiting from the drug development procedure.

By: K. Tagura

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Eion is a Princeton, NJ-based originator of fine-grained mineral material invented to terminate carbon permanently and at scale while delivering economic benefits to rural communities. The company’s product rapidly captures and holds carbon dioxide when applied to agricultural soils, providing farmers and the agricultural industry with a supportable pathway to decarbonization.

Eion was funded $12 million, led by AgFunder and some strategic angel investors of Ridgeline. New and returning investors contain SLVC, Carbon Removal Partners, Mercator Partners, Trailhead Capital, Orion, and Overture.

This budget round will help Eion to continue to make out its distribution partnerships and expand the availability of its patented CarbonLock™. This nature-based soil amendment removes atmospheric carbon dioxide permanently and verifiably through improved rock weathering on farming soils. The company will also employ the funds to draw high-impact talent to make out its financial, commercial, and science teams.

Adam Wolf, Founder, and CEO of Eion, said Eion’s technology allows permanent carbon removal on agricultural soils, but their vision is much broader. Eion seeks to leverage carbon removal to diversify agriculture and maintain land productivity, enhance margins for farmers, help the bedrock of American businesses in our supply chain, and boost rural vitality.

Tom Shields, Partner at AgFunder, said Eion’s CarbonLock™ solution delivers farmers a low-disruption way to help decrease carbon in the atmosphere. They are keen to work with Eion to accelerate the usage of carbon removal as a crucial part of addressing climate change.

Brandon Harris, Principal at Ridgeline, also states that Eion’s rare combination of solid agricultural co-benefits for farmers and high capability for checkable carbon removal positions the company to be a leader in the future.

By: K. Tagura

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Black Sheep Foods, a San Francisco, CA-based. Producer of plant-based meat intended to provide an environmentally sustainable alternative to animal meat. The company’s products are a plant-based alternative to ground lamb. They are made using analytical chemistry from soy protein, coconut oil, and natural flavors. They enable consumers to lessen their carbon footprint by choosing the cheap lamb alternative with the same taste.

Black Sheep Foods was funded $12.3 million led by Unovis, alongside Bessemer Venture Partners, AgFunder, other strategic angel investors, and KBW Ventures. It intends to use the funds to raise production for its debut lamb produced from plants for global distribution.

Sunny Kumar, co-founder, and CEO of Black Sheep Foods said their senses associate meat with a form, a texture, and a flavor. The surface has been the focus of meat innovation, and the taste is a white space. The debut lamb produced from plants includes more depth of flavor, richness, and delicious aromatics than other meats, full stop. They’re in the business of giving consumers access to the most delightful meat variety, using plants instead of animals.

Charles Billies, CEO and Founder of Souvla, said they are incredibly thoughtful when selecting a plant-based meat partner. Since launching Black Sheep Foods’ product in their restaurants last year, they’ve been seriously impressed with its integration into their menu and the overwhelmingly positive response from their many loyal guests. They stay keen on the fate of their product offerings and this vital action in the years to come.

The company says Black Sheep’s lamb has gained a following in the Middle East. Prince Khaled calls the lamb “shockingly good.” But, he says, as someone who grew up with the taste profile in Saudi Arabia, he couldn’t believe the authentic mouthfeel and flavor. With preference being a vital aspect of customer adoption, Black Sheep Foods will easily overwhelm plant-based meats.

By: K. Tagura

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Stony Creek Colors is a Springfield, TN-based developer of dyes technology designed to offer bio-based dyes for the textile industry. The company’s technology provides clean and safe natural dyes that replace the hazardous chemicals currently used in the supply chains, enabling the textile and fashion industries to give their consumers access to environmentally conscious premium products.

Stony Creek Colors was funded $4.8 million led by some strategic angel investors in Lewis & Clark AgriFood and Levi Strauss & Co. The company will use the capital further to grow its farming infrastructure and the dye extraction procedure to bring regenerative solutions to farmers and the textile industry.

Sarah Bellos, Founder and CEO of Stony Creek Colors. The company remains the only industrial-scale manufacturer globally of 100% bio-based indigo, as permitted by the USDA BioPreferred Program. Its vertically-integrated prototype allows full traceability-down to the farm level–that brands and consumers trust.

Since its inception, the company has grown, reaped, and processed its proprietary indigo sorts on over 500 acres of farmland via its repeatable and expandable farmer production model. The company’s natural indigo procedure fixes nitrogen and catches more carbon than it uses, boosting environmental progress for the farms where the crops are produced.

In complement to farming supply chain integrations, Stony Creek Colors is known for its innovations in current dye applications and customer point-of-use for this natural chemistry. Earlier this year, Stony Creek Colors publicly established IndiGold®, the first plant-derived, pre-reduced indigo for denim mills, with global metier chemicals leader Archroma.

Stony Creek Colors’ vertically-integrated technology eliminates the significant documented inefficiencies in plant-based indigo production. To authorize a high-purity dye appropriate for its industrial denim mill customers while showing a soil health-enriching and favorable climate chemical that fits well into farmers’ annual crop rotations. Stony Creek is increasing accessibility of renewable color chemistries as demand for plant-based innovations rises in the fashion and textile demands.

By: K. Tagura

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Carv is a Los Angeles, CA-based developer of a gaming platform designed to provide all games in one place. The company’s services offer achievement display, friends, game discovery, and direct monetization, enabling gamers with data sovereignty and games with intelligence.

Carv was funded $4 million led by Vertex, Temasek Holding’s venture capital arm, with participation from EVOS, Infinity Ventures Crypto, YGG SEA,  SNACKCLUB, UpHonest Capital, Lyrik Ventures, Lintentry Foundation, PAKADAO, 7UpDAO, Angel Investor Aliaksandr Hadzilin. The company intends to use the funds to onboard talent and continue building the interoperable credential infrastructure alongside ecosystem partners.

It uses blockchain-based technology to allow users to host their usernames and information and carry it between applications. This information can include data such as achievements users have earned in games, their reputation, connections to friends they have met along the way, and more. Decentralized identity acts as a single sign-in where the user generates a unique identity that the user control.

The company concentrated on Web3 gaming because of the considerable consumer-facing demand, and that’s where the most significant draw for decentralized identity opportunities currently exists. Web3 is the name given to the possible successive era of the web, learned as the decentralized web, where apps use peer-to-peer without centralized authority and run using crypto token economies.

This also builds data infrastructure and analytics to empower game studios to recognize gamer activities accurately, capture an insight-driven understanding of the user base, and effectively reach the desired group of users.

CARV is continuously building the gaming space with partners to kick off gaming tournaments and game night campaigns backed by talks, in-game hunts, and rewards to bring engagement to its product.

By: K. Tagura

Author statement:

Who we are:  Funded.com is a platform that is A+ BBB rated over 10+ years. Access our network of Investors, get instantly matched with a Lender, or get a business plan by visiting us Funded.com

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