The Funding Letter #273: December 3

Hastee, Diabeloop, Cuvva, 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 🎉

Happy December! With the holiday season upon us and Q4 ending quickly, starting new conversations and closing deals can get more and more difficult; the dreaded “we’re swamped, let’s reconnect in the new year” response is all too familiar to us, leading to missed quotas and unmet goals.

We want to hear from you: what tactics do your teams use to push through these timing objections and close out the year with success?

Source: GIPHY

Daily Deals 💸


Hastee is an award-winning employee benefit that enables workers to take a portion of their earned pay, on demand. View on Linkedin.

New Funding Raised: $230.3M, Series Undisclosed

Round Investors: Umbra Capital Partners LLP

Press: FinTech Futures, FinTech InShorts

HQ: London, United Kingdom

Industry: Financial Services

Employee Count: 27

Diabeloop develops devices that use sensors to measure blood sugar and deliver insulin for patients with diabetes. View on Linkedin.

New Funding Raised: $34.3M, Series B

Round Investors: Cemag Invest (lead), Air Liquide ALIAD, KREAXI, ODYSSEE VENTURE

Press: PR Newswire, Labiotech.eu

HQ: Grenoble, France

Industry: Medical Device

Employee Count: 55

Cuvva is building a new kind of insurance that's flexible, simple and jargon-free. View on Linkedin.

New Funding Raised: $15M, Series A

Round Investors: Breega, Digital Horizon, LocalGlobe, RTP Global

Press: TechCrunch, Yahoo Finance, Prolific London

HQ: London, United Kingdom

Industry: Insurance

Employee Count: 59 (⚡30% increase in last 6 months)

Shippit helps retailers make smarter shipping decisions that save time, money and keep customers happy. View on Linkedin.

New Funding Raised: $5.3M, Series B

Round Investors: Aura Ventures, Equity Venture Partners, OneVentures, Tidal Ventures

Press: Startup Daily

HQ: Sydney, Australia

Industry: Computer Software

Employee Count: 65 (⚡13% increase in last 6 months)

Storyblok GmbH provides developers with all the flexibility they need to build reliable and fast websites whilst giving content creators with no coding skills the ability to edit content independently of the developer. View on Linkedin.

New Funding Raised: $2.5M, Seed

Round Investors: capital300 (lead), Firstminute Capital, Founders Factory

Press: Spotfolio

HQ: Linz, Austria

Industry: Information Technology & Services

Employee Count: 7

Token develops a biometric-based wearable ring that can make payments, power up a computer, and part doors. View on Linkedin.

New Funding Raised: $1.6M, Series A

HQ: West Henrietta, NY

Industry: Internet

Employee Count: 29

Alerion offers automated intelligent drone solutions for infrastructure maintenance tasks, focusing on the wind turbine inspections and similar challenging environments. View on Linkedin.

New Funding Raised: $1.3M, Series Undisclosed

Round Investors: EASO (lead), Orza Investments (lead)

HQ: Donostia - San Sebastian, Spain

Industry: Aviation & Aerospace

Employee Count: 7

QuietOn’s active noise cancelling technology cuts down annoying low frequency noises in open plan offices, such as printers, copy machines, keyboard typing or mouse clicking. View on Linkedin.

New Funding Raised: $1M, Seed

Round Investors: Jonathan Hed (lead), Mikael Hed (lead)

HQ: Kempele, Finland

Industry: Consumer Electronics

Employee Count: 18


Sales Gigs 🏆

Is your team hiring new SDRs/AEs/BDs? Let us know! Our audience is scaling quickly, with thousands of sellers from Silicon Valley to New York City reading The Funding Letter daily. Let us help grow your team with experienced, hungry sellers by promoting your job postings in The Funding Letter. Simply email us your job postings at team@fundingletter.com and we’ll be in touch.


Questions? ☎️

If you know any companies raising funding or have any insights/feedback for how we can improve, please email us at team@fundingletter.com! We use your direct feedback to make immediate, daily updates, so we’re all ears.

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