Rounded Weekly – Daily Edition: 24 May 2024
The daily edition of Rounded Weekly for 24 May 2024. A round-up of the top 10 closed startup rounds for the day, with the day's top news at the bottom.
Hello all,
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If you’re new around here, my intention of Rounded Weekly is to bring you the hottest rounds closed weekly (and now with a daily edition). Think of it as a personal Crunchbase, but for the rounds you actually care about. I want to make sure you’re as in the loop as possible, whether it’s for watercooler talk, identifying market trends, or just staying in the know.
Today’s list…
1. Verkor
Funding Type: Venture - Series Unknown
Amount Raised: $1.4 Billion USD
Verkor is a French company specializing in the production of low-carbon batteries for electric vehicles and energy storage. Founded in 2020, Verkor aims to accelerate the energy transition by developing high-performance battery cells with a focus on sustainability. Their innovative approach combines advanced manufacturing techniques with strong partnerships in the automotive and energy sectors.
Something I like about them: Verkor's commitment to sustainability and their focus on reducing the carbon footprint of battery production is commendable. Their efforts are crucial in the global push towards cleaner energy solutions.
2. Grupo Oncoclinicas
Funding Type: Post-IPO Equity
Amount Raised: $194.4 Million USD
Grupo Oncoclinicas is a leading network of oncology clinics in Brazil. Established in 2010, the company provides comprehensive cancer care, including diagnostics, treatment, and research. With a strong focus on innovation and patient-centered care, Grupo Oncoclinicas has become a significant player in the healthcare sector in Latin America.
Something I like about them: The dedication of Grupo Oncoclinicas to integrating cutting-edge technology and research into patient care is inspiring. Their comprehensive approach to cancer treatment significantly improves patient outcomes.
3. Mynvax
Funding Type: Series A
Amount Raised: $2.6 Million USD
Mynvax is an Indian biotech company focused on developing novel vaccines for infectious diseases. Founded by scientists from the Indian Institute of Science, Mynvax aims to create affordable and effective vaccines that can be distributed globally. Their innovative platform technology allows for rapid development and production of vaccines.
Something I like about them: Mynvax's mission to develop affordable vaccines for global health challenges is highly impactful. Their work can potentially save millions of lives, especially in low-resource settings.
4. Rows
Funding Type: Venture - Series Unknown
Amount Raised: $8.6 Million USD
Rows is a spreadsheet platform that integrates powerful data processing and collaboration features. Founded in Germany, Rows aims to transform how teams work with data by providing a seamless and intuitive interface for managing complex workflows. Their platform supports real-time collaboration, advanced data visualization, and integration with various third-party services.
Something I like about them: Rows' focus on enhancing productivity through intuitive data management tools is impressive. Their platform simplifies complex workflows, making data-driven decision-making accessible to everyone.
5. 5thScape
Funding Type: Seed
Amount Raised: $6 Million USD
5thScape is a cybersecurity startup that provides advanced threat detection and response solutions. Based in the United States, the company leverages artificial intelligence and machine learning to identify and mitigate cyber threats in real-time. Their platform is designed to protect organizations from sophisticated cyber-attacks, ensuring the security of their digital assets.
Something I like about them: 5thScape's use of AI and machine learning in cybersecurity is cutting-edge. Their proactive approach to threat detection and response sets a new standard in the industry, providing robust protection for organizations.
6. Dvara KGFS
Funding Type: Debt Financing
Amount Raised: $10 Million USD
Dvara KGFS is an Indian financial services company focused on providing tailored financial products and services to underserved rural communities. They offer a range of services, including savings, loans, and insurance, through their network of branches. Dvara KGFS aims to improve financial inclusion and empower rural households by providing access to affordable financial solutions.
Something I like about them: Dvara KGFS's commitment to financial inclusion is truly impactful. Their efforts to bring essential financial services to rural communities help bridge the gap in economic disparity and promote sustainable development.
7. Plume Network
Funding Type: Seed
Amount Raised: $10 Million USD
Plume Network is a technology company that offers intelligent WiFi solutions for homes and businesses. Their platform uses AI to optimize network performance, ensuring seamless connectivity and enhanced user experience. Plume Network's solutions also include advanced security features and parental controls, making them a comprehensive choice for smart home networking.
Something I like about them: Plume Network's innovative approach to optimizing WiFi performance through AI is highly beneficial. Their solutions ensure reliable and secure connectivity, enhancing the digital experience for users.
8. ARC Health
Funding Type: Private Equity
Amount Raised: Not Disclosed
ARC Health is a healthcare company dedicated to providing integrated primary and behavioral health services. Based in the United States, ARC Health focuses on improving access to comprehensive care through their network of clinics. They emphasize the importance of addressing both physical and mental health needs, offering a holistic approach to patient care.
Something I like about them: ARC Health's integrated care model is highly effective in improving overall health outcomes. By addressing both physical and mental health, they provide comprehensive support to their patients, fostering better health and well-being.
9. The9
Funding Type: Post-IPO Equity
Amount Raised: $3.5 Million USD
The9 is a Chinese online game operator and developer. They are known for their involvement in the development and operation of massively multiplayer online role-playing games (MMORPGs). The9 has expanded its portfolio to include blockchain technology and cryptocurrency mining, positioning itself as a diversified tech company in the gaming and blockchain sectors.
Something I like about them: The9's expansion into blockchain technology and cryptocurrency mining is forward-thinking. Their diversification strategy allows them to stay ahead in the competitive tech industry, driving innovation and growth.
10. Orca Fraud
Funding Type: Pre-Seed
Amount Raised: $550,000 USD
Orca Fraud is a cybersecurity company specializing in fraud detection and prevention. Their platform uses advanced machine learning algorithms to identify fraudulent activities in real-time, protecting businesses from financial losses. Orca Fraud aims to provide robust security solutions that are easy to integrate and scale, ensuring comprehensive protection for their clients.
Something I like about them: Orca Fraud's focus on real-time fraud detection is crucial in today's digital landscape. Their innovative solutions help businesses stay ahead of cybercriminals, ensuring financial security and trust.
Today’s Top News
That's my selection of the top 10 rounds from today, and we’ve got some very big ticket companies on this list. Congratulations to all the teams behind these startups for their achievements! Be sure to check out their websites if you want to learn more. And to keep updated on the rounds, make sure you’re subscribed to Rounded Weekly.
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See you tomorrow 👋