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Funding Wrap of the Week | North American Startups Funding Roundup | Feb 18 – Feb 23

There are a lot of North American Startups Funding Deals for growth-stage and early-stage deals this week; Let's talk about the Top 10 North American Startups Funding Deals.

There are a lot of North American Startups Funding Deals for growth-stage and early-stage deals this week; Let’s talk about the Top 10 North American Startups Funding Deals.

The Top 10 North American Startups Funding Deals

Arevon Energy

Arevon Energy, Inc. raises over $1 billion in funding from Wells Fargo provided a $431 million tax equity commitment. Arevon obtained $654 million of debt financing including a construction-to-term loan, a tax equity bridge loan, and letter of credit facilities.

Arevon Energy, Inc. is a leading renewable energy company, supplying clean energy to utilities and corporations across North America. Headquartered in Scottsdale, Arizona, and New York City, Arevon uses innovative approaches and leading-edge technology to develop, build, finance, own, and operate clean energy projects. 

Antora Energy

Antora Energy secures $150million in series B round funding from Decarbonisation Partners led the round, with participation from GS Futures, The Nature Conservancy, Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, and Grok Ventures, as well as an affiliate of NextEra Energy Resources.

Antora Energy is bringing zero-carbon power and heat to heavy industry. They enable complete reliance on renewable energy for industrial processes, both economically and practically.

PermitFlow

PermitFlow secures $31million in series A round funding from Kleiner Perkins led the investment, with participation from angel investors in AI, workflow software, ConTech, Felicis, Altos Ventures, and Y Combinator.

The top platform for managing and applying for permits in the country is called PermitFlow. They assist builders all around the nation in streamlining and expediting the construction permit application process.

Cagent Vascular

Cagent Vascular secures $30million in series C round funding. The financing was headed by USVP Venture Partners. Participating investors included Sectoral Asset Management as well as newcomer Blue Ridge Medical, LLC.

To treat peripheral artery disease (PAD) and chronic limb-threatening ischemia (CLTI), Cagent Vascular (Wayne, PA) has created and commercialised a revolutionary angioplasty balloon incorporating serration technology.

LeoLabs

LeoLabs secures $29million in funding from Dolby Family Ventures, 1941, GP Bullhound, and current investors Insight Partners, Velvet Sea Ventures, Space Capital, MDSV Capital, and Dylan Taylor’s AngelList Syndicate were among the backers.

LeoLabs VertexTM, they are revolutionizing the low-Earth orbit mission launch and tracking processes for satellite operators, businesses, and government agencies. Their unparalleled coverage, instantaneous tracking, and potent insights have made us the go-to choice for corporations and governments globally for the safe execution of space operations.

Scribe

Scribe Secures $25million in series B round funding from Redpoint Ventures led the round, which increased the total amount funded to $55 million. New York Life Ventures, Amplify Partners, Tiger Global, and XYZ Ventures also participated.

With Scribe, you can save over 20 hours each month on training, explanation, and “quick” inquiry responses. Scribe automatically creates detailed instructions using text and screenshots. 

Synadia

Synadia Secures $25Million in Series B Round funding from Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint Managing Director Ernie Bio will join Synadia’s board of directors.

Synadia empowers developers and enterprises to accelerate the delivery of their edge applications strategy in a highly secure and cloud-agnostic way. They are the creators and maintainers of the award-winning NATS.io open-source platform powering thousands of applications globally.

Highway 9 Networks

Highway 9 Networks secures $25million in funding from Mayfield, General Catalyst, Detroit Ventures, and other investors were among the backers. The money will be used by the business to increase operations and development initiatives.

In order to unleash the potential of the cloud on workplace mobility—for the first time ever—they launched Highway 9 Networks. To be more precise, they used their founding team’s extensive knowledge of networking and cloud computing to combine with a number of developments in private mobile technology, such as the availability of free spectrum, support for multiple eSIMs, and private 5G, to create a mobile cloud for the business

AtmosZero

AtmosZero secures $21million in series A round funding from this round was co-led by Engine Ventures and 2150 to accelerate the commercialization of its Boiler 2.0 technology. Constellation Technology Ventures, the strategic venture arm of Constellation Energy Corporation (Nasdaq: CEG), also joined the round along with existing backers, Energy Impact Partners, Starlight Ventures, and AENU.

AtmosZero is reimagining the boiler room for a decarbonized future by introducing its carbon-neutral, industrial electric boiler to enable pathways for a more sustainable future.

Insamo

Insamo secures $12million in seed funding from Playground Global, venBio, MRL Ventures Fund (MRLV), Sahsen Ventures, BEVC, Civilization Ventures, and Axial Ventures were among the investors who took part in the round.

The goal of Insamo is to revolutionise the process of finding medications for some of the most difficult illnesses. Their platform’s ability to develop, synthesise, and test at a never-before-seen scale is what makes it so innovative.

Name the Top North American Startups Funding Deals in This Week?

Arevon Energy, Antora Energy, PermitFlow, Cagent Vascular, LeoLabs, Scribe, Synadia, Highway 9 Networks, AtmosZero, Insamo, are the Top 10 North American Startups Funding Deals of This Week.

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