Funding Wrap of the Week | American Startups Funding Roundup | May 5 – May 10

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

Palm Beach Capital

Palm Beach Capital , a middle market private equity firm secures its sixth fund, at over $350million its sixth private equity fund dedicated to partnering with founders, business owners, and management teams in key sector focus areas.

Founded in 2001, Palm Beach Capital is a middle market private equity investment firm based in West Palm Beach, Florida.

Sikich

Sikich LLC, a global technology-enabled professional services company, it has received a minority growth investment of $250 million from Bain Capital.

Sikich LLC is a global company specializing in technology-enabled professional services. With nearly 2,000 employees, it draws on a diverse portfolio of technology solutions to deliver transformative digital strategies. 

Bluejay Therapeutics

Bluejay Therapeutics, a leader in the development of novel therapeutics, secures $182million in series C round funding. This capital infusion will accelerate the clinical development of BJT-778, as the treatment for chronic hepatitis D (HDV).

Bluejay Therapeutics is a private biopharmaceutical company focused on the development of treatments for viral and liver diseases. 

Attovia Therapeutics

Attovia Therapeutics, a Fremont developer of a pipeline of biotherapeutics with an initial focus on immune-mediated diseases, secures $105million in series B round funding bringing the total capital raised by the Company since its launch in June 2023 to $165 million.

Attovia is creating a pipeline of biotherapeutics with an initial focus on immune-mediated diseases. The company leverages ATTOBODY™, a biparatopic biologics platform, to generate binders that offer stronger efficacy and a broader universe of druggable epitopes compared to traditional approaches.

Zanskar Geothermal & Minerals

Zanskar Geothermal & Minerals (”Zanskar”), the leading geothermal exploration company, secures $30Million in new funding led by Obvious Ventures.

Zanskar is an AI-native geothermal developer leveraging a suite of new technologies to improve the geothermal discovery and development process.

ArkeaBio

ArkeaBio™, a leading ag-biotech start-up developing, a vaccine to reduce livestock methane emissions, secures a $26.5 million Series A financing round. The raise was led by current investor Breakthrough Energy Ventures (BEV), and attracted additional investors, including The Grantham Foundation for the Protection of the Environment, AgriZeroNZ, Rabo Ventures, Overview Capital, and The51 Food & AgTech Fund.

ArkeaBio™ is an ag-biotech start-up developing a safe, user-friendly, and cost-conscious vaccine to reduce ruminant methane emissions that will work seamlessly with existing global agribusiness practices.

RunPod

RunPod, a comapny that enables developers to create unique full-stack AI apps secures $20million in seed funding. Adam Lewis, Nat Friedman, Julien Chaummond, and Dell Technologies Capital participated in the round, which was headed by Intel Capital.

RunPod is based in New Jersey and was established in 2022. RunPod offers affordable cloud computing services based on GPUs for AI model deployment, training, and scalability. Users only need to click a few times to start up an on-demand GPU instance with GPU Cloud.

Inkbit

Inkbit™, a pioneer in advanced additive manufacturing solutions, secures $19million in funding led by Ingersoll Rand , with participation from Future Labs Capital, GC Ventures America, iGlobe Partners, Ocado, Phoenix Venture Partners, Stratasys, Zeon Ventures, and other private investors.

Inkbit is an additive manufacturing company located in Medford, Massachusetts. The Inkbit Vista™ system is designed for volume production of complex polymer 3D printed parts.

OverT Bio

OverT Bio, a data-driven company working to enable the curative potential of cell therapies in solid tumors secures $16million in seed funding. With participation from Fusion Fund, OMX Ventures, Alexandria Venture Investments, Gaingels, Civilization Ventures, Hawktail, and Cancer Research Institute, ARTIS Ventures and Wing VC led the round.

Drs. Mat Legut and Neville Sanjana founded OverT Bio in 2022 with the goal of addressing significant unmet medical needs in solid tumours.

Panax

Panax, a provider of an AI-driven cash flow management platform, secures $15million in funding. Backers included Team8 and TLV Partners.

As businesses expand, treasury management gets more and more intricate. Panax goal is to automate treasury procedures so that finance teams can optimise cash and control complexity.

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.

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