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Funding Wrap of the Week | American Startups Funding Roundup | May 12 – May 17

There are a lot of American startups funding deals that are creating buzz around the startup ecosystem. These are the growth-stage and early-stage deals of this week. Let’s talk about the Top 10 Funding deals. 

There are a lot of American startups funding deals that are creating buzz around the startup ecosystem. These are the growth-stage and early-stage deals of this week. Let’s talk about the Top 10 Funding deals. 

The Top 10 American Startups Funding Deals

Vercel

Vercel, a frontend cloud platform, secures $250million in series E round funding at a valuation of $3.25B. Accel led the round, while other current investors CRV, GV, Notable Capital (formerly GGV Capital), Bedrock, Geodesic Capital, Tiger Global, 8VC, and SV Angel also participated.

The Frontend Cloud from Vercel offers the infrastructure and developer expertise needed to create, grow, and protect a quicker, more customised Web. 

Summit Wash Holdings

Summit Wash Holdings, a membership-focused car wash group established in 2022 secures $200million+ in debt funding to continue expansion in Central Florida, Connecticut, and New Jersey.

Summit Wash Holdings (“Summit”) was initially formed through a partnership with Russell Speeder’s Car Wash, a family-owned car wash platform with 21 locations across the Northeast, Nebraska, and Florida markets. 

Yendo

Yendo, the company that created the first-ever vehicle-secured credit card, secures $165million in debt funding led by i80 Group. The financing will be used to fuel customer growth, introduce new products and expedite the expansion of the company’s offerings across all 50 states.

Leveraging ML/AI powered customer onboarding, Yendo is the world’s first vehicle-secured, credit card. Yendo’s product is 95% cheaper than the non-bank financial products that Americans spend $45bn on each year.

HIF Global

HIF Global, the world´s leading eFuels company, secures US$164million in funding from existing shareholders and the Japanese energy company Idemitsu Kosan, to fund its eFuels projects. Idemitsu joins a premier group of existing HIF investors, including AME, EIG, Porsche, Baker Hughes, and Gemstone Investments.

HIF Global is the world’s leading eFuels company, developing projects to convert hydrogen, produced with low-cost renewable power, into carbon neutral liquid eFuels that can be transported and utilized in existing infrastructure. 

Weka

WekaIO (WEKA), the AI-native data platform company, has raised $140 million in an oversubscribed Series E funding round comprised of a combined primary and secondary transaction led by Valor Equity Partners, a previous investor in the company. Under the terms of the deal, Valor’s founder, CEO and Chief Investment Officer, Antonio Gracias, will join WEKA’s board.

WEKA is architecting a new approach to the enterprise data stack built for the AI era. The WEKA® Data Platform sets the standard for AI infrastructure with a cloud and AI-native architecture that can be deployed anywhere, providing seamless data portability across on-premises, cloud, and edge environments.

Allied OMS

Allied OMS, the first and only doctor-led and governed management services organization (MSO) for top-tier oral and maxillofacial surgery practices, secures $116million credit funding from four leading banks in the healthcare sector. KeyBanc Capital Markets served as left lead arranger for the syndicate, which includes BankUnited, N.A., Umpqua Bank, and First-Citizens Bank & Trust Company.

In the field of oral and maxillofacial surgery, Allied OMS is a doctor-owned, doctor-led, and doctor-governed management services organisation (MSO) that blends the finest aspects of private practice with private equity.

C3 Rentals LLC

C3 Rentals, a leader in trailer rental and ownership solutionsLLC secures $100million debt funding. Ankura Capital Advisors organised the facility and WhiteHawk Capital Partners provided funding.

AT C3 Rentals, their commitment is to give their clients valuable information so they can make insighted decisions about renting equipment for your projects.

Alkira

Alkira®, the leader in on-demand network infrastructure as-a-service, Secures $100 million in series C funding round, bringing the company’s total funding raised to date to $176 million.

The round was led by Tiger Global Management, a leading global investment firm, with additional investment from Dallas Venture Capital, Geodesic Capital and NextEquity Partners; and participation from existing investors, including, Kleiner Perkins, Koch Disruptive Technologies and Sequoia Capital.

ByHeart

ByHeart, a infant nutrition company, secures $95million in funding. They raised a total of $395M to date from investors including D1 Capital Partners, Bellco Capital, Polaris Partners, Two River, OCV Partners, AF Ventures, Red Sea Ventures, Gaingels and more.

New York City-based ByHeart , a baby nutrition company that was founded in 2016 and has production facilities in Pennsylvania, Oregon, and Iowa. Its mission is to provide parents more options so they may raise their children in a healthier way. 

Cover Genius

Cover Genius, the leading insurtech for embedded protection, secures $80 million Series E funding round. Despite the tech funding slowdown, the round was led by Spark Capital with support from existing investors, including Dawn Capital, King River Capital and G Squared.

Cover Genius is the global insurtech for embedded protection. Through XCover, its award-winning global distribution platform, it protects the customers of the world’s largest digital companies with seamless, end-to-end experiences.

These startups played a major role in American Startups Funding ecosystem in this week and secured funding from Venture Capitalists, Angle Investors in different funding Rounds.

Frequently asked questions (FAQs)

Name the Top American Startups Funding Deals in This Week?

Vercel, Summit Wash Holdings, Yendo, HIF Global, Weka, Allied OMS ,C3 Rentals LLC, Alkira, ByHeart, Cover Genius, are the Top 10 North American Startups Funding Deals of This Week.

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