Venture Capital Deals: August 18, 2022 – Small Business Finance News – Entrepreneur News
Small Business Financing News
Written by Ken Gaebler
Venture capital is always available for promising tech companies. These sixteen companies all raised funds last week.
The August 2022 venture capital offerings presented today range from $820,000 to $340 million.
We have recorded 296 VC transactions since the beginning of the month. If you have recently raised venture capital, feel free to send us details of the deal so that we can add it to our venture capital database.
.bit announced a $13 million Series A funding round. Investors included CMB International Capital and GGV Capital, GSR Ventures, HashKey Capital, QingSong Fund and SNZ Holding. The company provides a decentralized, open-source, blockchain-based cross-chain account system.
Agora Real Estate Technologies
Agora Real Estate Technologies has secured $20 million in Series A funding from Insight Venture Partners and Aleph Venture Capital. The Tel Aviv-based company will use the funds to further improve its real estate investment management platform.
AIOps venture BigPanda secured a $340 million funding round, an extension of its previous Series E round. UBS Next and Wells Fargo Strategic Capital invested.
Cyanite, an AI-powered music search and tagging engine, closed an $820,000 seed investment round. Backers included private investors and LionCorn Capital. The company is based in Germany.
DataProphet, based in Cape Town, Western Cape, secured a $10 million Series A round. Knife Capital led the round, with backing from Industrial Development Corporation and Norican Group. The company has used AI to help customers optimize complex manufacturing processes.
StageOne Ventures and Mayo Clinic have invested in a $45 million Series B funding round for Diagnostic Robotics. Based in New York, the company uses artificial intelligence models and predictive analytics to improve healthcare delivery outcomes.
London-based Fair.xyz, which focuses on Web3 consumer products, announced $4.5 million in new funding. Eden Block led the round, with participation from Firstminute Capital, NFX and OpenSea Ventures.
FullStory, an Atlanta-based martech company focused on customer experience, has closed a $25 million venture capital round. Permira was the lead investor. Dell Technologies Capital, GV, Kleiner Perkins, Salesforce Ventures and Stripes Group also invested.
Sustainable energy company Gridserve has secured $243 million in equity financing. Infracapital led the round, with participation from Mitsubishi HC Capital and The Rise Fund. The company is based in Iver, England.
The Dock led a $10 million Series A fundraiser for Hoopo. Other investors in the round included Global IoT Technology Ventures, HICO, TAU Ventures, The Chartered Group, ZIM Integrated Shipping Services and individual investors. Based in Santa Monica, California, the company provides low-cost, energy-efficient tracking solutions for logistics operations.
Los Angeles-based Blockchain startup Merkle Science landed a $24 million Series A round. BECO Capital and K3 Ventures led the round, with participation from 500 Global, Aspen Digital, CoinHako, Digital Currency Group, Fenbushi Capital, HashKey Capital, Kenetic Capital, Kraken Ventures, Libertus Capital, Republic, Summer Capital, Token Bay Capital Venture Fund and Uncorrelated.
Seattle-based Risc Zero, which offers privacy-enhancing decentralization technology, closed a $12 million seed venture round. Bain Capital Crypto led the round, with backing from Cota Capital, D1 Ventures, Geometry Venture Development and several individual investors.
SignalPlus has closed its Series A funding round, led by HashKey Capital. The amount of the investment was not disclosed. Other investors in the round included Baboon.VC, Chiron, GBV Capital, Incuba Alpha, Paradigm, SNZ Holding and Stratified Capital. Based in Singapore, the company focuses on the fast-evolving crypto options market.
Skipper, which provides digital hospitality solutions to the hospitality industry, received $5.8 million in seed funding. Gradient Ventures led the round, with participation from era.ventures, Pear VC, Uncommon Capital, Wayfinder and a few individual investors.
Philadelphia-based Stimulus, a SaaS supply chain solution, landed $2.5 million in seed funding. Black Ops Ventures was the lead investor. Bronze Valley, Fund for Health, Genius Guild, Morgan Stanley, Northwestern Mutual Future Ventures, Plain Sight Capital, Refashiond Ventures and The BFM Fund also invested.
Berlin and San Francisco-based crypto collaboration startup Wire has secured $24.4 million in a Series C funding round. Cipio Partners and Iconical led the investment round, with the participation of Unternehmertum Venture Capital and individual investor Janus Friis, the founder of Skype.
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