Bearhug Recruiting: Executive Search For Early-Stage Environmental Technology & Enterprise Software Startups

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#37: (12/23/24) Early & Growth Stage Tech Startup Funding Recap!

Check Out This Week's Venture Capital Investment Summary ($290.5 million raised across 10 featured companies) Spanning Early & Growth-Stage US Based Environmental Technology & Enterprise Software Startups!

Every Monday, the team here at Bearhug Recruiting aggregates, researches, and publishes a recap of the prior week's fundraising activity within the early and growth-stage Environmental Technology & Enterprise Software startup ecosystem.

This research not only allows us to keep our finger on the pulse of the markets we serve, but also benefits others who, like us, enjoy analyzing the latest trends that signal investor confidence AND startup growth within what we believe are the most exciting and impactful segments!

We also hope the people and companies we feature enjoy both a virtual fist bump from the team at Bearhug, plus benefit from some additional free market exposure to amplify their mission. Make sure you reach out to any that are interesting/relevant that you might be able to help!

Here’s this week’s startup funding recap:

  1. Slip Robotics, led by Chris Smith, has raised $28 million in a Series B funding round. Slip Robotics provides automated truck-loading robots-as-a-service, enabling users to auto-load and unload any truck in just five minutes with SlipBot robots. The service improves safety, speed, and cost-efficiency across the supply chain. Its solutions are used in 24/7 production operations by companies such as John Deere, GE Appliances, Nissan, and Valeo, among others, streamlining logistics for manufacturers and operators across North America. The company plans to expand operations and accelerate development efforts. The round was led by DCVC (James Hardiman), with participation from Eve Atlas (Thiago Olson), Tech Square Ventures (Blake Patton), Hyde Park Venture Partners, Overline, and Pathbreaker Ventures, all of whom are previous investors. [Link] #Robotics #Industrial Automation #Supply Chain Tech #Logistics Automation #Autonomous Vehicles #Manufacturing Tech #Artificial Intelligence

  2. Mantis Robotics, led by Gerry Vannuffelen, has raised $5 million in Venture funding. Mantis Robotics provides a hardware and software platform for robotic automation, enabling safe and productive human-robot collaboration. Its autonomous robot arms are designed for manufacturing and e-commerce fulfillment, equipped with spatial intelligence to eliminate the need for complex robotics work cell design. With a focus on enhancing efficiency and safety, the company operates offices in Leuven, Belgium, and Taipei, Taiwan, serving the industrial robotics market. The company plans to scale operations, enhance its product portfolio, and expand its presence in the industrial robotics market. The round was led by Emerald Technology Ventures, with participation from the Amazon Industrial Innovation Fund (Franziska Bossart). Kudos to The Batchery (Jeff Wallace, Kal Deutsch), for participating in prior funding rounds as well. [Link] #Robotics #Industrial Automation #Human-Robot Collaboration #Manufacturing Tech #Logistics Automation #Artificial Intelligence #Supply Chain Tech

  3. BILT, led by Nate Henderson, has raised $21 million in a Series B funding round. BILT provides a 3D-guided work instruction platform designed to enhance user experience and efficiency. Serving consumer, commercial, and government clients, it supports brands like Weber and Whalen by improving customer satisfaction, accelerates training for businesses like Siemens and Clearfield, and enhances accessibility for government clients. With over 10,000 SKUs from nearly 300 brands, BILT delivers instructions to more than 10 million users in 12 languages, improving productivity and reducing errors across various industries. The company plans to expand operations and increase its business reach. The round was led by Silverton Partners (Morgan Flager), with participation from Amex Ventures, Fifth Growth Fund, and Silicon Valley Bank. [Link] #3D Technology #Productivity Tools #Artificial Intelligence #Customer Experience Software #Digital Education #SaaS #Industrial Automation

  4. Hauler Hero, led by Mark Hoadley, has raised $10 million in a Seed funding round. Hauler Hero provides a tech platform for waste management companies, leveraging AI and cloud-based technology to automate invoicing, routing, dispatch, and customer engagement. Designed to improve efficiency and reduce costs, the platform supports over 120 waste management customers across 40 states. With its solutions, Hauler Hero has achieved 200% growth in the past year, helping waste haulers streamline their operations and scale effectively. The company plans to expand operations and further develop its platform. The round was led by I2BF Global Ventures, K5 Global (Bryan Baum, Michael Kives), Somersault Ventures, Recall Capital (Sarah Niyogi, Somrat Niyogi), and executives from ServiceTitan. [Link] #Waste Management Tech #Artificial Intelligence #SaaS #Customer Engagement Software #Logistics Software #Predictive Analytics #Data Integration Platform

  5. Backflip AI, led by Greg Mark, has raised $30 million in a Series A funding round. Backflip AI provides AI-powered 3D design software that transforms text and photos into real parts and products. The platform streamlines the creation process for industries such as aerospace, defense, and transportation, enabling designers and engineers to bring their ideas to life quickly and efficiently. With a team of researchers from institutions like MIT, Backflip is positioned as a leader in turning conceptual designs into tangible products. The company plans to further develop its technology and expand its team of AI researchers. The round was co-led by NEA (Lila Tretikov) and Andreessen Horowitz (Andrew Chen), with participation from angel investors including Kevin Scott (Microsoft CTO), Rich Miner (Android founder), and Ashish Vaswani (AI researcher and co-author of "Attention is All You Need"). [Link] #Generative AI #3D Technology #Artificial Intelligence #Digital Design Tools #AI Infrastructure #Machine Learning #Data Integration Platform

  6. Anatomy Financial, co-led by Sasha King and Callum King, has raised $19 million in a Series A funding round. Anatomy Financial provides AI-powered financial solutions for healthcare organizations, transforming traditional paper-based billing workflows into streamlined digital processes. Its services include converting Explanation of Benefits (EOB) into 835s, modern lockbox solutions, and automated reconciliation. With its AI healthcare lockbox, practices simply change their billing address to reroute checks, which Anatomy converts into an email-like digital experience, enhancing operational efficiency for healthcare providers. The company plans to expand its operations and further develop its innovative healthcare financial solutions. The round was led by Canapi Ventures (Neil Underwood), with participation from Lightspeed Venture Partners (Nicole Quinn). [Link] #Health Tech #Artificial Intelligence #Claims Software #Healthcare Administrative Software #FinTech #InsurTech #Data Integration Platform

  7. Basis, led by Matt Harpe, has raised $34 million in a Series A funding round. Basis provides an AI-powered platform for automating accounting workflows, enabling accounting firms to streamline tasks such as entering transactions and checking data accuracy. The platform integrates seamlessly with ledger systems like Intuit’s QuickBooks and Xero, enhancing efficiency and accuracy. Basis is already used by companies like Wiss, supporting accounting firms in optimizing their operations and improving client service. The company plans to expand its operations and further develop its accounting automation solutions. The round was led by Khosla Ventures, with participation from NFDG, Better Tomorrow Ventures (Sheel Mohnot), BoxGroup, Avid Ventures, and individual investors Nat Friedman, Daniel Gross, Aaron Levie, Adam D’Angelo, Amjad Masad, Azeem Azhar, Claire Hughes Johnson, Clem Delangue, Douwe Kiela, Jack Altman, Jeff Dean, Jeff Wilke, Kyle Vogt, Larry Summers, Lenny Rachitsky, Michele Catasta, Noam Brown, and others. [Link] #Finance and Accounting Software #Artificial Intelligence #Accounting Automation Platform #FinTech #SaaS #Data Integration Platform #Machine Learning

  8. Decart, led by Dean Leitersdorf, has raised $32 million in a Series A funding round. Decart is an AI research lab providing an infrastructure platform that enables organizations to train massive AI models at scale. The platform supports the creation of interactive, real-time experiences efficiently, catering to the needs of enterprises. Having achieved early profitability and significant revenue from enterprise customers before emerging from stealth, Decart is now focusing on developing its own foundation models, further advancing its contributions to the AI ecosystem. The company plans to grow its team of experts to continue innovating in AI infrastructure and model development. The round was led by Benchmark (Victor Lazarte), with participation from existing investors Sequoia Capital (Shaun Maguire) and Zeev Ventures. [Link] #Generative AI #Artificial Intelligence #AI Infrastructure #Machine Learning #IT Ops #AI Model Training #Foundation Models

  9. Chargezoom, led by Matt Dubois, has raised $11.5 million in a Series A funding round. Chargezoom provides an AI-powered billing and integrated payments platform designed to streamline accounts receivable processes for businesses. Leveraging a proprietary dataset alongside AI and machine learning, the platform automates invoicing, cash flow management, and customer payments, making these processes seamless and efficient. Chargezoom continues to innovate in the fintech space, providing autonomous solutions for businesses seeking to improve financial operations. The company plans to accelerate its expansion efforts and enhance its platform with new resources. The round was led by Kickstart Fund (Alex Soffe), with participation from Motley Fool Ventures, Early Light Ventures, Frazier VC, and Adly, alongside continued support from SaaS Venture Capital, Stout Street Capital, and Okapi Venture Capital. [Link] #Finance Automation #Accounting Automation Platform #Artificial Intelligence #FinTech #Machine Learning #Payments Software #Customer Experience Software

  10. Anysphere, led by Michael Truell, has raised $100 million in a Series B funding round, elevating its post-money valuation to $2.6 billion. Anysphere is the developer of Cursor, an AI-powered coding assistant designed to enhance developer productivity by integrating advanced AI capabilities directly into the coding workflow. Since its inception, Cursor has gained traction among developers for its ability to streamline code generation and debugging processes, positioning it as a competitor to tools like GitHub Copilot. The company plans to utilize the new capital to further develop Cursor's features, expand its user base, and invest in scaling its infrastructure to meet growing demand. The round was led by returning investor Thrive Capital, with participation from Andreessen Horowitz (a16z). This funding comes just four months after Anysphere's $60 million Series A round, which valued the company at $400 million, marking a significant increase in valuation over a short period. Kudos to OpenAI Startup Fund (Ian Hathaway), for participating in prior funding rounds as well. [Link] #AI Coding Agents #DevTools #Artificial Intelligence #Machine Learning #AI Developer Platform #Generative AI #LLMOps Platform

*Note: The companies we feature in our weekly recap are a very small subset of a much larger batch, carefully chosen based on our team's assessment of how each company aligns with our GTM search practice. It’s worth noting that most startups raise funding rounds privately, often long before the news is announced publicly!