Rounded Weekly – Daily Edition: 28 May 2024
The daily edition of Rounded Weekly for 28 May 2024. A round-up of the top 10 closed startup rounds for the day, with the day's top news at the bottom.
Happy Tuesday!
I hope everyone had a great long weekend. Back at it again with today’s daily list of closed rounds. We’ve got a few smaller startups in this edition, with I enjoy to see from my maker mindset. Hoping these can inspire any other makers out there to keep on building. And it’s a great indicator of current market trends, even with smaller startups.
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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. Clooover
Funding Type: Seed
Amount Raised: $114.2 Million USD
Clooover is a fintech company that provides innovative payment solutions for businesses and consumers. Founded to simplify transactions and enhance payment security, Clooover leverages cutting-edge technology to offer seamless and efficient payment experiences. The funds from their Seed round will support the development of new products and expansion into new markets.
Something I like about them: Clooover's focus on simplifying transactions and enhancing payment security is highly relevant in today's digital economy. Their innovative solutions help businesses and consumers conduct transactions smoothly and securely.
2. Transcend
Funding Type: Series B
Amount Raised: $40 Million USD
Transcend is a technology company that provides data privacy and compliance solutions. Founded to help organizations manage and protect personal data, Transcend's platform ensures compliance with global data privacy regulations. The Series B funding will enable Transcend to further develop their platform and expand their reach to more businesses worldwide.
Something I like about them: Transcend's commitment to data privacy and compliance is crucial in the digital age. Their solutions help businesses protect sensitive information and comply with regulations, building trust with their customers.
3. Claros Technologies
Funding Type: Series B
Amount Raised: $22 Million USD
Claros Technologies is a clean technology company that develops sustainable solutions for water and air purification. Founded with a mission to address environmental challenges, Claros Technologies uses advanced materials and processes to remove contaminants from water and air. The Series B funding will support the commercialization of their technologies and expansion into new markets.
Something I like about them: Claros Technologies' focus on sustainability and environmental protection is commendable. Their innovative solutions help tackle critical environmental issues, contributing to a cleaner and healthier planet.
4. Supervizor
Funding Type: Venture - Series Unknown
Amount Raised: $22 Million USD
Supervizor is an AI-powered platform that provides automated auditing and compliance solutions. Founded to streamline and enhance the auditing process, Supervizor uses advanced AI algorithms to detect anomalies and ensure compliance with regulations. The funding will be used to further develop their platform and expand their market presence.
Something I like about them: Supervizor's use of AI to automate auditing and compliance is highly innovative. Their solutions help businesses improve accuracy and efficiency in their compliance processes, reducing risks and enhancing trust.
5. Vecima Networks
Funding Type: Post-IPO Equity
Amount Raised: $20.2 Million USD
Vecima Networks is a Canadian technology company that provides broadband access and content delivery solutions. Founded in 1988, Vecima Networks focuses on developing products that enable high-speed internet and video streaming services. The Post-IPO Equity funding will support the expansion of their product lines and market reach.
Something I like about them: Vecima Networks' commitment to enhancing broadband access and content delivery is essential in the digital age. Their innovative solutions help improve connectivity and streaming experiences for users.
6. GrubTech
Funding Type: Series B
Amount Raised: $15 Million USD
GrubTech is a technology company that provides an integrated platform for restaurant operations and food delivery management. Founded to streamline and optimize the food service industry, GrubTech offers tools for order management, kitchen automation, and delivery logistics. The Series B funding will support the development of new features and international expansion.
Something I like about them: GrubTech's comprehensive platform for restaurant operations and delivery management is transformative. Their solutions help restaurants improve efficiency, reduce costs, and enhance customer experiences.
7. Swipir Technologies
Funding Type: Series A
Amount Raised: $7.67 Million USD
Swipir Technologies is a fintech company that offers innovative payment and financial management solutions. Founded to provide better financial tools for businesses and consumers, Swipir Technologies' platform includes features for payments, invoicing, and expense management. The Series A funding will be used to enhance their platform and expand their user base.
Something I like about them: Swipir Technologies' focus on providing comprehensive financial management solutions is highly beneficial. Their platform helps businesses and consumers manage their finances more effectively, driving financial well-being.
8. Switchboard
Funding Type: Series A
Amount Raised: $7.5 Million USD
Switchboard is a communication technology company that provides advanced solutions for team collaboration and communication. Founded to improve how teams work together, Switchboard offers tools for video conferencing, messaging, and project management. The Series A funding will support the development of new features and the expansion of their platform.
Something I like about them: Switchboard's innovative communication tools enhance team collaboration and productivity. Their platform helps teams stay connected and work more efficiently, regardless of their location.
9. Open Social
Funding Type: Seed
Amount Raised: $5 Million USD
Open Social is a social technology company that provides a platform for creating online communities and social networks. Founded to foster engagement and collaboration, Open Social offers tools for content sharing, member interaction, and community management. The Seed funding will be used to enhance their platform and expand their market presence.
Something I like about them: Open Social's platform for creating online communities is highly impactful. Their solutions help organizations build engaged and collaborative communities, fostering connection and interaction.
10. Braavo Capital
Funding Type: Series B
Amount Raised: $5 Million USD
Braavo Capital is a fintech company that provides funding solutions for mobile app developers and tech startups. Founded to support the growth of the tech industry, Braavo Capital offers flexible financing options based on app performance and revenue. The Series B funding will be used to expand their financing products and reach more startups.
Something I like about them: Braavo Capital's focus on providing tailored financing solutions for tech startups is highly valuable. Their innovative approach helps startups access the funds they need to grow and succeed.
Today’s Top News
Anthropic hires former OpenAI safety lead to head up new team
Google won’t comment on a potentially massive leak of its search algorithm documentation
OpenAI’s new safety team is led by board members, including CEO Sam Altman
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.
Be sure to follow me on Twitter/X @connorjewiss, so you don’t miss any updates, news, or insights. I hope you’ll stick with the newsletter now that I’ve worked out exactly what I want it to be.
See you tomorrow 👋