💰The Funding Letter #334: February 25

Karius, ServiceMax, HealthJoy, and more...

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Good Morning! This edition of The Funding Letter comes to you from our headquarters in New York City.


Hit the Gong 🎉

Source: @giphy

Daily Deals 💸

🌎 Americas


HealthJoy provides a single source of truth with personalized guidance and support, helping employees navigate the healthcare system and all their benefits with confidence and ease. View on Linkedin.

New Funding Raised: $30M, Series C

Round Investors: Health Velocity Capital (lead), Brandon Cruz, Chicago Ventures, Clint Jones

Press: MedCity News, Vator, PRWeb

HQ: Chicago, IL

Industry: Information Technology & Services

Employee Count: 131 (⚡14% increase in last 6 months)

Karius is a life sciences company focused on generating genomic insights for infectious diseases with a non-invasive Karius Test that helps clinicians make rapid, treatment decisions. View on Linkedin.

New Funding Raised: $165M, Series B

Round Investors: SoftBank (lead), General Catalyst, HBM Partners

Press: Karius, PR Newswire

HQ: Redwood City, CA

Industry: Biotechnology

Employee Count: 57

Invetx is a veterinary therapeutics company that focuses on biopharmaceuticals that bring human biotechnology to animal health. View on Linkedin.

New Funding Raised: $15M, Series A

Round Investors: Anterra Capital (lead), AbCellera Biologics, WuXi Biologics

Press: Business Wire, Yahoo, Xconomy

HQ: Boston, MA

Industry: Biotechnology

Employee Count: 2

Shogun makes page creation simple by adding a powerful drag & drop page builder to any website framework, CMS, or eCommerce platform. View on Linkedin.

New Funding Raised: $10M, Series A

Round Investors: Initialized Capital (lead), VMG Partners, Y Combinator

Press: TechCrunch, VC News Daily, Inventiva

HQ: San Mateo, CA

Industry: Internet

Employee Count: 134 (⚡14% increase in last 6 months)

Lucy Goods is committed to bringing innovative nicotine products to the market, starting with an improved and cleaner formulation of nicotine gum designed for optimal taste, texture, and a quick nicotine release. View on Linkedin.

New Funding Raised: $10M, Series A

Round Investors: RRE Ventures (lead), FundRx, Greycroft, Vice Ventures

Press: FinSMEs, Yahoo, TechCrunch

HQ: Los Angeles, CA

Industry: Consumer Goods

Employee Count: 2

QRails enables payroll service providers, fintechs, banks, insurance companies, and other financial services businesses to deploy innovative payment solutions. View on Linkedin.

New Funding Raised: $8M, Series A

HQ: Denver, CO

Industry: Financial Services

Employee Count: 31

ServiceMax is a global leader in field service management, offering cloud-based software tools that improve the productivity of complex, equipment-centric service execution. View on Linkedin.

New Funding Raised: $80M, Series Undisclosed

Round Investors: Salesforce Ventures (lead), Silver Lake Partners

Press: PR Newswire, SalesTechStar

HQ: Pleasanton, CA

Industry: Information Technology & Services

Employee Count: 581

Tarana Wireless uses antennas, radios, and a suite of unique algorithm innovations to create the industry's first truly viable 5G wireless technology, commercially available today. View on Linkedin.

New Funding Raised: $24M, Series Undisclosed

Round Investors: 1010 Holdings, EchoStar, Khosla Ventures

HQ: Milpitas, CA

Industry: Wireless

Employee Count: 146

Cardionomic is developing a transformative, minimally invasive neuromodulation therapy addressing a large unmet need in the acute decompensated heart failure (ADHF) population. View on Linkedin.

New Funding Raised: $15.8M, Series Undisclosed

Round Investors: Ascension Ventures, Cleveland Clinic, Greatbatch, New Enterprise Associates

HQ: New Brighton, MN

Industry: Medical Device

Employee Count: 10

WorkGenius is a digital workforce solution leveraging AI to adapt to current labor trends and power the future of work. View on Linkedin.

New Funding Raised: $7M, Series Undisclosed

Round Investors: Axel Sven Springer, John Jahr, Oliver Heine

Press: Business Insider, Startup Around, FinSMEs

HQ: New York, NY

Industry: Internet

Employee Count: 24

PartySlate is the first digital platform designed specifically for event professionals — a better way to showcase their work, build their brands, and drive more leads. View on Linkedin.

New Funding Raised: $5.5M, Series Undisclosed

Round Investors: Great North Labs (lead)

Press: Crain's Chicago Business

HQ: Chicago, IL

Industry: Internet

Employee Count: 46

🌍 EMEA


Min Doktor, Sweden's first and leading digital healthcare provider offers medical consultations online, direct to individuals and also in partnership with private medical centres and insurance companies. View on Linkedin.

New Funding Raised: $8M, Convertible Note

Press: Nordic 9

HQ: Malmo, Sweden

Industry: Medical Practice

Employee Count: 142

NAWATechnologies develops an innovative, economically competitive, reliable and environmentally friendly Ultra-Fast Carbon battery and applied nanotechnology. View on Linkedin.

New Funding Raised: $14.1M, Series Undisclosed

Round Investors: Bpifrance, CAAP Creation, Davaniere Capital Partners, Demeter

HQ: Rousset, France

Industry: Nanotechnology

Employee Count: 26

Svea Solar supplies green energy solutions, such as solar devices, car chargers, and batteries, all connected through the Svea App to give users unprecedented insight into how their green energy systems operate. View on Linkedin.

New Funding Raised: $10.2M, Series Undisclosed

Round Investors: D-Ax Corporate Venture Capital

HQ: Sollentuna, Sweden

Industry: Renewables & Environment

Employee Count: 116

Blok aims to make apartment and house sales more cheap and efficient through an automated service. View on Linkedin.

New Funding Raised: $3.7M, Series Undisclosed

Round Investors: Ringier Digital Ventures (lead), Bonnier Ventures

HQ: Helsinki, Finland

Industry: Real Estate

Employee Count: 47


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Thanks for reading! We’ll be back tomorrow with more announcements.


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