Category: angel investors

Veem, a San Francisco, CA-based the fast-growing global payments network built for businesses, was funded $31 million Series C round financing.

Truist Ventures led the round. With the global investor base’s participation, MUFG Innovation Partners Co. Ltd., the largest bank in Japan, AB Ventures, Arab Bank, Paper Excellence, and Myer Family Investments.

It also included the existing investors, GV (formerly Google Ventures), Goldman Sachs, Kleiner Perkins, Silicon Valley Bank, National Australia Bank Ventures, and Trend Forward Capital.

This investment intends to use the funds to develop a robust channel partner program that will widen its geographic presence and expand its product suite.

The B2B payments network is booming right now so that the company’s self-described mission to become the “Venmo for businesses,” as it helps companies send and receive money internationally with its online wire-transfer service.

Veem is proliferating. Currently, about 225,000 businesses send and receive money in more than 100 countries using Veem’s platform. This company licensed and regulated in each country and state it serves, and it supports over 50 currencies. Secure, trackable transactions combined with seamless integrations with business applications such as QuickBooks, Xero, and NetSuite, enable firms to save time and money while mitigating risks associated with international funds transfers.

The statement of Vanessa Vreeland, head of Truist Ventures, inspires Veem’s management because they can resolve a critical pain point for small- and medium-sized businesses by their group of innovators and visionaries team. They are excited about the investment and the future opportunities it may bring. Veem’s strategic approach and commitment to constant improvement align well with how Truist sees technology’s role in shaping the client experience.

Said Marwan Forzley, the CEO of Veem, This funding round marks an important milestone for their company, putting them in an ideal position to build out their channel partner program and prepare for Veem’s next stage of global growth. Their channel partner network serves as their vehicle to better commercialize their product offering and further expand its market development efforts.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Seegrid Corporation, a Pittsburgh, PA-based the leader in self-driving industrial vehicles for material handling. As the demand for automation in supply chain operations continues to grow, so have investments in mobile robots’ suppliers.

Seegrid was funded $52 million was led by G2VP with participation from technology and robotics investors. The company plans to use the added capital to increase the size of its workforce to deliver best-in-class automation solutions for its customers and also will accelerate new product development and new product introductions. Seegrid also is considering potential strategic acquisitions.

Founded in 2003, Seegrid has created two vision-guided vehicles (VGVs) capable of moving materials in warehouses and manufacturing sites entirely autonomously. The company has two vehicles on the market a pallet truck and a tow tractor—these vehicles outfitted with stereo cameras and machine learning smarts. The VGVs created to “see just like humans do,” allowing them to navigate dynamic environments without additional infrastructure installation.

Seegrid CEO Jim Rock said they would expect to double revenues again this year and are seeing increased customer demand as the pandemic is driving many companies to greater use of automation across the material handling industry.

By this investment, they will continue to grow their market share, solidify their position as the market leader, and further disrupt the manufacturing, warehousing, and logistics industries.  Moreover, most importantly, the continued support from G2VP and its new investors enables to accelerate new product innovations and address customer needs in this rapidly changing climate.

Several of the world’s largest manufacturing and distribution brands believe Seegrid’s vision guided vehicles (VGVs), fleet management software, and industry-leading services teams to drive them forward, not only assisting with their manufacturing, distribution, and e-commerce fulfillment needs but making facilities safer and more productive.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Biofourmis, based in Boston, Massachusetts, which combines AI-based data analytics and biosensors to monitor medical treatments’ progress, has raised funding from one of the world’s most high-profile investors.

Biofourmis was funded $100 million Series C financing led by SoftBank Vision Fund, with participation from old investors Openspace Ventures, MassMutual Ventures, Sequoia Capital, and EDBI.

This company plans to use the investment to develop and bring to market new digital therapeutics solutions across cardiology, respiratory, oncology, and pain, focusing on the United States and key Asian markets, including the Asia Pacific, China, and Japan.

The company has built Biovitals®, personalized AI-based health analytics, and wearable sensors to improve healthcare providers’ gauge patient development and the effectiveness of drugs and other treatments. Including heart failure, oncology, infectious disease (i.e., COVID-19), chronic pain, acute coronary syndrome, and COPD.

Kuldeep Singh Rajput, Biofourmis CEO said, the pandemic today is pushing remote monitoring and digital therapeutics to the forefront of medicine. That’s why their vision is to utilize digital medicine to empower patients, clinicians, and researchers everywhere by giving software as a medication for patients with unmet clinical needs, from post-acute care to optimize medication therapy.

With this new funding, they will accelerate their global development, improve our digital therapeutics pipeline, develop additional care pathways, and drive beneath integration with their health system, hospital, pharmaceutical, and clinical research clients and partners.

Said Greg Moon, the SoftBank Investment Adviser partner, believes imminent health is the future of medicine, and Biofourmis is a leader in applying AI and machine learning-based solutions to advance digital therapeutics. And they also are excited to partner with Biofourmis and support its mission of using AI and wearables data to enable personalized care.

In combination with the Series C financing statement, Biofourmis has stated an order of its internal operations to enable deeper integration with clients and partners and support ongoing innovation. They will continue to drive evolution toward a more personalized and predictive remote care delivery method that patients prefer, enabling better outcomes.

By: K.Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

The pandemic now is understandable, proving to be a significant driver for robotics and automation adoption. The already hot categories prove to be also more appealing as companies look to technology amid the measure of a deadly and highly contagious virus. Warehouses and satisfaction centers are, naturally, a big category for funding.

Startup Fox Robotics an Austin, Texas-based maker of self-driving forklifts that automatically unload trailers. Fox Robotics was funded $9 million series A round funding led by Menlo Ventures, one of the most valued venture capital firms in Silicon Valley, and the addition of Mark Siegel, partner at Menlo Ventures. With support from previous investors Eniac Ventures, La Famiglia, SignalFire, Congruent Ventures, and AME Cloud Ventures.

Since Fox Robotics’ first pilot last October, customer demand has consistently outstripped our production capacity.  These funds will allow them to grow our engineering, production, and customer support teams to deliver more robots more quickly while keeping them happy and productive.

Fox makes self-driving forklifts that are more flexible, more capable, and safer than current AGV’s. Fox’s forklifts can tackle challenging tasks that no other automation can handle, such as unloading trailers without modifying the warehouse environment.

Mark Siegel, Partner at Menlo Ventures, said they are proud to back their team at Fox Robotics. Because this company’s value proposition is clear, its full-stack solution for self-driving forklifts that can increase workplace productivity 200 to 300 percent brings enormous efficiency to the supply chain.

Fox’s forklifts use modern AI for real-time detection of pallets, trailers, and obstacles and do not need pre-programmed fixed locations. They use sensors and dynamic planning to plan routes on the fly and do not require hand-drawn or memorized routes.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

March Capital funded $60 million the March Gaming Fund led by Managing Partner Gregory Milken. This fund focused on boosting startup gaming companies. It will seek to invest in seed and series A entrepreneurs who are developing game content, technology, and infrastructure.

March Capital Partners is a venture funds firm that supports entrepreneurs in pursuit of essential outcomes. Based in Santa Monica and funding globally, March invests in tomorrow’s market-leading businesses.

This company plans to lead approximately 12-15 seed & series A investments in gaming and provide connections and supervision to entrepreneurs in this field.

March Gaming has already invested in sports games specialist Nifty Games and mobile developer Knock Knock. Meanwhile, March Capital has previously funded live streaming tech provider Genvid Technologies and League of Legends esports team Immortals Gaming Club.

Said Gregory Milken, the Managing partner of March Capital, has long invested in gaming; they realized that they had a subset of investors and constituents who were very interested in games. They decided to dedicate a fund just for gaming investments and use our unique expertise and evaluation capabilities to capitalize on this opportunity.

Gregory Milken’s background and success documented in the gaming industry, personally invested in Small Giant Games acquired by Zynga. A former entrepreneur and operator, Milken is a life-long passionate gamer who will lead the fund and provide counsel and insights to gaming entrepreneurs.

Before his work in technology, he was SVP, Strategy Planning, and Operations for Knowledge Universe Education. He served in different business development at Warner Bros. in Hong Kong, London, and at Twentieth Century Fox.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Help Lightning, Inc, a startup in Alabama Birmingham, practical expertise of virtual software provider. The expertise to accelerate the transformation of their particular service and call center organizations to profit centers.

Helping Lightning funded $8 million in Series A funding led by Resolve Growth Partners. The funds from Series A will use to scale the business and accelerate enterprise virtual expertise innovations.

Gary York, CEO of Help Lightning, said, the expertise of Help Lightning in virtual software plays a vital role in bringing technical knowledge to settings where it’s most urgently needed. They have seen an extraordinary spike in demand during COVID-19, as technicians cannot get to places where their expertise is physically required.

Unlike other remote technology resolutions, only Help Lightning joins easy-to-use software with industry-specific expertise and a combination approach to make sure companies get the most out of their investment.

Help Lightning enables organizations to maximize their service personnel’s efficiency, whether facing workforce reduction, quality and responsiveness problems, or the inability to measure field service performance.

After evaluating Resolve Growth Partners to Helping Lightning for over a year, it is clear to them that Help Lightning has built a highly differentiated solution that is valued by its customers. Help Lightning has a massive opportunity to strengthen the success of this rapidly emerging market, and they are thrilled to be partnering with Gary York and his talented team.

Today hundreds of field service organizations and call centers over various industries use Help Lightning’s virtual expertise software, including Cox Communications, Ricoh USA, and Siemens Healthineers.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Clean.io, the cybersecurity company based in Baltimore that helps digital publishers protect themselves from malicious ads was funded $5 million in its Series A funding.

Tribeca Venture Partners led the financing round, with help from Real Ventures, Inner Loop Capital, and Grit Capital Partners. The funding round will support the company’s growth in the digital media space and move into new product areas.

An innovative cybersecurity company, clean.io founded in late 2017 led by Matt Gills, CEO. Clean.io created to protect the integrity of enterprises’ online experiences from the harmful impacts of malicious and untrusted JavaScript. This company increased traction in digital media, offering security from malicious advertising that freezes displays and leaves data at risk.

The company says its technology now used on more than 7 million websites for customers, including WarnerMedia’s Xandr (formerly AppNexus), The Boston Globe, and Imgur.

Clean.io patented behavioral analysis technology protects user sessions from bad actors seeking to deploy a wide variety of malicious payloads through many attack vectors, such as by purchasing programmatic advertisements with JavaScript allowed, by agreeing with browser extensions and WiFi networks, and via other malware that may already be existing on end-user devices.

Chip Meakem, a Managing Partner at Tribeca Venture Partners, said that they are happy to welcome clean.io to their expanding portfolio and look forward to collaborating on the next phase of the journey. Because the clean.io team brings substantial operating experience and empathy, and they know how to effectively address the effort points connected with malicious and untrusted JavaScript.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Lemonaid Health San Francisco based company, a convenient, affordable on-demand platform for accessing healthcare online, funded $33 million in Series B funding.

Olive Tree Ventures led the series funding with Artis Ventures, Correlation Ventures, Hikma Ventures, Sierra Ventures, and others. The company means to use the funds to expand its medical professionals’ team and increase the number of services offered to patients, including treatment for asthma, hypertension, Type 2 diabetes, and more mental health services.

Lemonaid Health started in 2013 to develop a direct-to-consumer, primary care platform that uses technology to change the way people interact with health care. Users pay for the care themselves, and the visits cost about the same as insurance co-pay, said Paul Johnson, the CEO of Lemonaid Health.

Now in pandemic has accelerated telehealth’s integration and transformed the way consumers interact with their healthcare providers. In a few minutes, patients can communicate with a U.S.-licensed physician or nurse practitioner for diseases like anxiety and depression, urinary tract infections (UTIs), birth control, hair loss, hypothyroidism, erectile dysfunction, genital herpes, and sinus infections. Patients are also given free and fast delivery of prescription medications through the platform to speed treatment.

Alejandro Weinstein, the general partner at Olive Tree Ventures, said they are excited to collaborate with Lemonaid Health because of the full potential of technology in re-envisioning the future of health care. Also, by connecting directly with patients in need and seamlessly providing consultative services and treatments, the Lemonaid Health team is taking a cutting-edge approach to addressing the backlog of urgency in today’s healthcare environment.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Now 2020, the conference platforms that anything related to video chatting to facilitate remote work are genuinely in demand because of the pandemic.

Kudo is a startup company in Manhattan for multilingual video chatting and conferencing tool with built-in support for translators and multiple audio streams.

Kudo was funded $6 million led by Felicis Ventures, ID8 Investments, Global Founders Capital, Advancit Capital, and AirAngels.

The fund will be using to grow the planning, product, and customer progress teams. Kudo also hopes to improve the superior security and user-friendliness that led the United Nations, the World Bank, Interpol, and other large multilateral organizations to choose it over more popular but less dependable web conferencing solutions.

The pandemic and the ensuing global lockdown to fight its spread have used one specialty niche of the web conferencing business into a booming subcategory. And Kudo seems to be heading the way.

According to Fardad Zabetian, Kudo’s founder and CEO, Kudo provides a self-serve SaaS video conferencing solution, created a fully equipped virtual multilingual conference room in the cloud. People listen and speak in their language, while expert interpreters render what the participants say into many other words. Interpreters join to these virtual conferences from their homes or a growing network of Kudo studios worldwide.

The platform is ready to scale after boarding more than 7,500 professional interpreters from over 80 countries and crossing more than 70 languages. In addition to language, Kudo extends mission-critical characteristics like parliamentary voting and polling, document distribution, and sign language interpreting, making it one of the most comprehensive web conferencing contributions on the business today.

This company has become a leading device for multilingual online conferences and a necessary business continuity partner for international organizations, national governments, and Fortune 500 companies.

By: K.Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

K4Connect startup is a mission-driven technology company that combines the most useful technology to serve and empower senior and those living with disabilities.

K4Connect has based Raleigh, N.C. funded $7.7 million led by Forte Ventures with participation from existing investors Sierra Ventures, Intel Capital, AXA Venture Partners, the Ziegler Link Age Fund, Revolution’s Rise of the Rest, Topmark Partners (formerly Stonehenge Growth Equity Partners) and Traverse.

This company is the principal provider of business connected-life technologies for senior living communities, currently serving thousands of residents at over 800 premiers continuing care, independent living, and assisted living communities across the nation. This financing will further accelerate the development and deployment of solutions that support today’s most vulnerable population during COVID-19 and beyond older adults.

K4Community built upon K4Connect’s patented operating system, FusionOS, a unique multi-modal edge-cloud structure and the only of its classification in the senior living industry. K4Community might support voice, video, and text messaging networks for residents, share news and informational updates, run smart home devices, or interact directly with residents to play games or answer questions. Staff can analyze health and other data shared by residents and update family members about their loved ones automatically.

Ultimately, the goal is to enable communities to rapidly transform into Smart Senior Living Communities, creating a more connected living and working environment driven by a foundation of technology.

Scott Moody said the K4Connect CEO and Co-Founder they are incredibly fortunate in our investor relationships because they not only understand in our vision but equally value our mission. With the support of their investors, they continue to accelerate to serve as many older adults through technology as possible.

By: K.Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.