#23: (9/16/24) Early & Growth Stage Tech Startup Funding Recap!
Check Out This Week's Venture Capital Investment Summary 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:
StackGen, led by Sachin Aggarwal, has raised a $12.3 million Seed funding round. StackGen makes generative infrastructure from code that automatically generates Infrastructure from Code (IfC) based on application code with golden standards applied. Built for platform engineers and DevOps teams, it reduces software development lifecycle bottlenecks, minimizes liabilities, and eliminates cognitive overload. The funds will be used to accelerate product development and enhance its go-to-market strategy. The round was led by Thomvest Ventures (Umesh Padval), with participation from existing investors, FireBolt Ventures (Cherian Mathew), WestWave Capital (Gaurav Manglik), and Secure Octane. [Link] #Data Infrastructure #Infrastructure from Code #DevTools #Generative AI #Artificial Intelligence
Reshape Automation, led by Juan Aparicio, has raised a $5 million Seed funding round. Reshape Automation makes an AI-powered platform that consolidates and analyzes process data, tracks requirements, and aggregates demand for automation equipment. With its AI agents and recommendation engine, it accelerates the adoption of automation while reducing risks for manufacturers and supply chain companies. The funds will be used to accelerate product suite development and deployment. The round was led by Ironspring Ventures (Ty Findley) and included new investors Haystack, Supply Chain Ventures, Remus Capital (Krishna K. Gupta), Expansion VC, and prominent angel investors including Amar Hanspal, former co-CEO of Autodesk, alongside existing investors Schematic Ventures (Julian Counihan) and Bee Partners. [Link] #Industrial Automation #Supply Chain Tech #Manufacturing Tech #Artificial Intelligence #Environmental Technology
Track3D, led by Chaitanya Naredla, has raised a $3.4 million Seed funding round. Track3D makes a reality intelligence platform for the construction industry. The AI-first platform integrates data from drones, 360 cameras, laser scanners, and mobile devices into a unified system that transforms raw visual data into actionable insights. This system of intelligence improves construction site management by providing real-time progress updates. The funds will be used to expand product offerings and enhance go-to-market efforts. The round was led by Endiya Partners, with participation from Shadow Ventures (KP Reddy), Monta Vista Capital (Roger Krakoff) and others. [Link] #Reality Intelligence Platform #ConTech #Construction Software #Environmental Technology #Sustainability Tech
Bounti, led by Ashar Rizqi, has raised a $16 million Series A funding round. Bounti makes an AI-driven platform that automates sales and customer outreach processes, boosting team productivity through personalized, data-driven prospecting. The platform enables users to generate highly personalized outreach to thousands of prospects within minutes, leveraging both AI and highly trained sales professionals. The funds will be used to expand operations and development efforts. The round was led by Google Ventures, with participation from Floodgate (Ann Miura-Ko), Octave (William Smith), Bloomberg Beta, Haystack, Octave Ventures, and MS&AD. [Link] #SalesTech #Sales Acceleration Software #Sales Automation Software #Sales Productivity Software #MarTech #Artificial Intelligence #Generative AI
Every, led by Rajeev Behera, has raised a $22.5 million Series A funding round. Every makes an all-in-one back-office platform that integrates finance and HR solutions such as banking, bill payments, bookkeeping, tax, payroll, and benefits. The platform simplifies back-office operations for tech founders and companies, providing a comprehensive suite of tools in one place. The funds will be used to add more products, including a free incorporation solution. The round was led by Redpoint Ventures (Alex Bard) with participation from Y Combinator (Garry Tan), Okta Ventures, Base10 Partners (Rexhep Dollaku) and Formus Capital. [Link] #FinTech #HRTech #Payroll Software #Back Office Software Platform #Productivity Tools
AceUp, led by Will Guillaume Foussier, has raised a $22.5 million Series A funding round. AceUp makes an AI-powered team transformation engine that helps enterprises build high-performing teams through leadership development, coaching, and talent analytics. The platform integrates 1-on-1 leadership coaching and AI-powered analytics to enhance team engagement and performance. The funds will be used to scale operations and accelerate product development. The round was led by PJC (David Martirano), Techstars Ventures, Gaingels Ventures, Water Bear Ventures and Launchpad Venture Group. [Link] #HRTech #People Analytics #Coaching Tech #Leadership Development Tech #Artificial Intelligence
Nirvana, led by Akshay Venkitasubramanian, has raised a $24.2 million Series A funding round. Nirvana makes a platform that provides transparency in eligibility and insurance verification through ML/AI. The platform enables patients to book healthcare appointments with full cost transparency while helping healthcare practices improve financial health and revenue cycle management. The funds will be used to expand operations and product development. The round was led by Northzone, with participation from Inspired Capital (Lucy Deland), Eniac Ventures (Hadley Harris), and Surface Ventures (Gyan Kapur, Dimitri Boguslavsky). [Link] #Health Tech #InsurTech #Artificial Intelligence #Healthcare Benefit Management Software #Healthcare Eligibility Software
Nostra AI, led by Arthur Root, has raised an $8.9 million Venture funding round. Nostra AI makes conversion optimization software for e-commerce brands, using its proprietary Edge Delivery Engine™ to enhance website performance and boost revenue. The platform creates engaging online experiences by optimizing website speed, personalization, and user engagement for brands like Forever 21 and Jones Road Beauty. The funds will be used to expand operations and business reach. The round was led by High Alpha (Kristian Andersen, Seth Corder) with participation from Signal Peak Ventures (Ben Dahl, Brandon Tidwell), Sugar Capital, Crosscut and Good Friends along with industry experts and angel investors such as Matthew Prince, Cloudflare CEO and co-founder. [Link] #E-Commerce Software #MarTech #CX Tech #SalesTech #Artificial Intelligence
Landbase, led by Daniel Saks, has raised a $12.5 million Seed funding round. Landbase makes an AI-driven go-to-market (GTM) platform that combines AI and human expertise to help businesses generate high-quality leads. The platform automates and optimizes GTM processes, enabling businesses to improve sales and marketing workflows. The funds will be used to expand operations and further product development. The round was co-led by A* Capital (Kevin Hartz), 8VC (Joe Lonsdale, Alex Kolicich), First Minute Capital, with participation from Inovia Capital, Picus, and General Catalyst (La Famiglia). [Link] #SalesTech #GTM Platform #AI Agent #Artificial Intelligence #MarTech #Generative AI
Connectly, led by Stefanos Loukakos, has raised a $20 million Series B funding round. Connectly makes a conversational commerce platform that automates customer interactions and sales processes across messaging platforms. The platform allows businesses to engage with customers in their preferred messaging apps, streamlining the entire customer journey from sales to support. The funds will be used to invest in AI models and scale the business. The round was led by Alibaba, with participation from Unusual Ventures (John Vrionis, Jyoti Bansal), Volpe Capital, RX Ventures, Falabella Ventures and Philippos Kourkoulos Latsis. [Link] #Artificial Intelligence #Retail Tech #CX Tech #SalesTech #MarTech #Customer Experience Software
Aifleet, led by Marc El Khoury, has raised a $17 million Series B funding round. Aifleet makes a tech-driven trucking platform that uses proprietary AI to improve driver satisfaction, truck utilization, and overall industry sustainability. The platform offers dynamic pricing tools, real-time tracking, and driver-centric scheduling, while also integrating future electric and autonomous technologies. The funds will be used to expand R&D, grow the operations team, and develop infrastructure. The round was led by Tom Williams at Heron Rock, with participation from Volvo Group Venture Capital, Obvious Ventures (James Joaquin, Vishal Vasishth), Ibex Investors (Jeff Peters), Compound, Winthrop Square, and Cooley, bringing its total funding to almost $50M. [Link] #Transportation Tech #Logistics Software #Supply Chain Software #Trucking Industry Tech #Environmental Technology #Sustainability Tech
*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!
