💘The Funding Letter #327: February 14

Flywire, GumGum, Astranis, and more...

What is this? The Funding Letter is an exclusive new-financing newsletter, built for salespeople, by salespeople. Daily Letters are sent directly to your inbox hours before every other announcement newsletter, so you’re tipped off before your competitors’ outreach emails flood your decision-maker’s inbox.

Each email is structured to focus on the details that matter most to you. No journalism jargon, no marketing copy. Just the information you need to start prospecting immediately.

Forwarded this Letter? ✅ Sign up here. Like this Letter? Please share below with your fellow salespeople/friends/family/more! Or, follow us on LinkedIn!

Share The Funding Letter


Happy Valentines Day! This special edition of The Funding Letter comes to you with love from our headquarters in New York City.


Hit the Gong 🎉

Source: @giphy

Daily Deals 💸

🌎 Americas


Flywire is a high-growth vertical payment solution, proven to solve high-stakes payment and receivables problems for organizations that deliver high-value services. View on Linkedin.

New Funding Raised: $120M, Series E

Round Investors: Goldman Sachs (lead)

Press: PYMNTS, GlobeNewswire

HQ: Boston, MA

Industry: Financial Services

Employee Count: 427

GumGum is an artificial intelligence Ad-tech vendor with deep expertise in computer vision and natural language processing. View on Linkedin.

New Funding Raised: $22M, Series D

Round Investors: Morgan Stanley Expansion Capital, NewView Capital, Upfront Ventures

Press: TechCrunch, Yahoo Finance, L.A. Business Journal

HQ: Santa Monica, CA

Industry: Internet

Employee Count: 356

Innovaccer Inc. is a leading healthcare data-activation platform, focused on delivering more efficient and effective healthcare through pioneering analytics and transparent, clean, and accurate data. View on Linkedin.

New Funding Raised: $70M, Series C

Round Investors: M12, Steadview Capital, Tiger Global Management, WestBridge Capital

HQ: San Francisco, CA

Industry: Information Technology & Services

Employee Count: 577

Astranis is building small, low-cost telecommunications satellites to provide internet access in remote regions. View on Linkedin.

New Funding Raised: $40M, Series B

Round Investors: Venrock (lead), Andreessen Horowitz, Y Combinator

Press: TechCrunch, Via Satellite, Parabolic Arc

HQ: San Francisco, CA

Industry: Aviation & Aerospace

Employee Count: 86 (⚡19% increase in last 6 months)

BlockFi Lending LLC offers financial products for cryptocurrency holders to do more with their digital assets. View on Linkedin.

New Funding Raised: $30M, Series B

Round Investors: Valar Ventures (lead)

Press: SiliconANGLE, CoinDesk

HQ: New York, NY

Industry: Financial Services

Employee Count: 61 (⚡53% increase in last 6 months)

Datometry is empowering global enterprises to gain competitive advantage by up-leveling their data management to become cloud-native quickly and effectively. View on Linkedin.

New Funding Raised: $17M, Series B

Round Investors: Acorn Pacific Ventures, Dell Technologies Capital, Redline Capital, WRVI Capital

Press: VentureBeat, TechCrunch, Benzinga

HQ: San Francisco, CA

Industry: Computer Software

Employee Count: 25

Course Hero offers a free and subscription online learning platform that empowers students and educators to succeed through unlocked study tools, documents, and resources. View on Linkedin.

New Funding Raised: $10M, Series B

Round Investors: NewView Capital

HQ: Redwood City, CA

Industry: Internet

Employee Count: 581 (⚡13% increase in last 6 months)

CloudCath is a digital health medical device company that is dedicated to remote complication monitoring for patients undergoing catheter-based treatments. View on Linkedin.

New Funding Raised: $12M, Series A

Round Investors: Integral Capital Partners (lead), Cherry Tree Investments, FundRx, The Capital Partnership

Press: ACBJ, BioWorld, FinSMEs

HQ: San Francisco, CA

Industry: Medical Device

Employee Count: 11

UrbanFootprint streamlines urban planning and mobility decisions with actionable data, by mapping, measuring, and analyzing the future of each location. View on Linkedin.

New Funding Raised: $11.5M, Series A

Round Investors: Valo Ventures (lead), Radicle Impact, Social Capital

Press: PR Newswire, FinSMEs, Medium

HQ: Berkeley, CA

Industry: Computer Software

Employee Count: 29

Praetorian is a cybersecurity company whose mission is to make the digital world safer and more secure. View on Linkedin.

New Funding Raised: $10M, Series A

Round Investors: Bill Wood Ventures, McKinsey & Company

Press: FinSMEs

HQ: Austin, TX

Industry: Computer & Network Security

Employee Count: 59

Esper delivers scalable APIs with SDKs, tools, and a specially designed Console, streamlining the entire application lifecycle and moving device management from a portal-based approach into code. View on Linkedin.

New Funding Raised: $7.6M, Series A

Round Investors: Madrona Venture Group (lead), Haystack, Root Ventures, Ubiquity Ventures

HQ: Bellevue, WA

Industry: Information Technology & Services

Employee Count: 41

Aiera is a high-growth vertical payments solution, proven to solve high-stakes payment and receivables problems for organizations that deliver high-value services. View on Linkedin.

New Funding Raised: $7M, Series A

Round Investors: Fin Venture Capital (lead), Franklin Templeton Investments, Macquarie Group, Citigroup

Press: GlobeNewswire, Thefintechbuzz

HQ: New York, NY

Industry: Financial Services

Employee Count: 24

Ramp Financial is a technology company building the next generation corporate card to save businesses money. View on Linkedin.

New Funding Raised: $25M, Series Undisclosed

Round Investors: BoxGroup, Coatue Management, Conversion Capital

HQ: New York, NY

Industry: Financial Services

🌍 EMEA


Nyxoah is a pioneering medical device company, engaged in developing a novel diagnostic and therapeutic solution to combat Obstructive Sleep Apnea (OSA). View on Linkedin.

New Funding Raised: $27.1M, Corporate Round

Round Investors: Cochlear, ResMed

Press: GlobeNewswire, MassDevice

HQ: Mont-Saint-Guibert, Belgium

Industry: Medical Device

Employee Count: 36

Tinubu Square develops trade credit management solutions for corporate customers, receivables, financing institutions, and credit insurers. View on Linkedin.

New Funding Raised: $16.3M, Series Undisclosed

Round Investors: Long Arc Capital (lead), Bpifrance

Press: Personal Finance News, NTB Kommunikasjon

HQ: Issy-les-Moulineaux, France

Industry: Computer Software

Employee Count: 118


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 updates, so we’re all ears.

Sick of us? You can unsubscribe below ⬇️

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