Funding Wrap of the Week | North American Startups Funding Roundup | Jan 28 – Feb 2

There are a lot of North American Startups Funding Deals for growth-stage and early-stage deals this week; we will discuss about the top 10.

The Top 10 North American Startups Funding Deals of This Week

Kore.ai

Kore.ai secures $150million in funding from FTV Capital, a sector-focused growth equity investor with a successful 25+ year track record investing across enterprise technology, along with participation from NVIDIA and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie.

Kore.ai is a leading provider of advanced AI technology with a decade of experience in helping enterprises realize business value through the safe and responsible use of AI.

Zum

Zum secures $140million in series E round funding from GIC led the round, which increased the total to $350M. Participating were Climate Investment as well as current investors Sequoia and SoftBank Vision Fund 2.

Zūm has completely rethought the way students are transported. They are a rapidly expanding company seeking highly intelligent individuals who are driven to improve the biggest mass transit system in the country and significantly impact children, educators, parents, and caregivers.

Inari

Inari secures $103million funding from Hanwha Impact, Canada Pension Plan Investment Board (CPP Investments), Rivas Capital, NGS Super, State of Michigan Retirement System and company founder Flagship Pioneering. The company also welcomed several new investors including RCM Private Markets fund, advised by Rokos Capital Management (US) LP.

Inari, the SEEDesign™ company, develops seeds that address the world’s needs, pushing the boundaries of what is possible for a more sustainable, nature-positive food system.

Watershed

Watershed secures $100million in series C round funding from Greenoaks led the round, and Kleiner Perkins, Sequoia Capital, Elad Gil, Emerson Collective, and Galvanize Climate Solutions also participated.

Watershed was founded on the belief that businesses will play a vital role in the future of our world. They can alter the course of climate change by providing companies like Walmart, Stripe, Klarna, and Spotify with the means to quantify, disclose, and cut back on their greenhouse gas emissions.

Accompany Health

Accompany Health secures $56million in series A round funding from Venrock, ARCH Venture Partners, IVP, Granite Capital Management, and Evidenced were among the backers.

Accompany Health’s goal is to provide low-income patients with complex requirements with the respectable, first-rate treatment that they are entitled to but never get. Accompany Health is a primary, behavioral, and social care service that supports patients around-the-clock and provides at-home and virtual treatment.

Basking Biosciences

OH-based Basking Biosciences Secures $55Million in Funding. New investor ARCH Venture Partners led the round, with participation from additional new investors Insight Partners, Platanus, Solas BioVentures and RTW Investments.

Basking Biosciences, a clinical-stage biopharmaceutical company, was founded to solve the biggest need in acute thrombosis – for a rapid-onset, short-acting thrombolytic drug capable of reopening blocked arteries, and whose activity can be quickly reversed in the event of a bleeding complication.

Cohere Health 

Cohere Health secures $50million in equity funding from Deerfield Management, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners, and brings the total raised by Cohere to $106 million.

Cohere Health is a clinical intelligence company that provides intelligent prior authorization as a springboard to better quality outcomes by aligning physicians and health plans on evidence-based care paths for the patient’s entire care journey. 

Metronome

Metronome secures $43million in series B round funding from NEA led the round, with participation from General Catalyst and Andreessen Horowitz, previous funders. Along with the funding, NEA Venture Partner Hilarie Koplow-McAdams became a member of Metronome’s board of directors.

Metronome provides billing infrastructure that adapts to any size and stage, assisting software firms in the launch, iteration, and scaling of their business models.

Plex

Plex secures $40million in funding from Kleiner Perkins and Intercap were among the backers.

Plex offers access to thousands of films and TV series from international producers. From Japan to Cannes, Hollywood to Bollywood. Animation: Classics. material suited for families. films on documentary. musicals.

Thentia

Thentia secures $38million in series B round funding from First Ascent Ventures, Spring Mountain Capital, BDC Capital, and Espresso Capital, reflects a continued commitment to Thentia’s vision.

Thentia is driving regulatory transformation for hundreds of regulators and regulatory agencies worldwide with a platform that handles all key department functions including licensing, investigations, enforcement, fitness to practise, quality assurance, scope of practise, continuing education, board management, data analysis, and more.

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