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Funding Wrap of the Week | American Startups Funding Roundup | September 2 – September 6

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...

[Funding News] Sedric AI Raises $18.5 Million in Series A Funding

Sedric AI, the pioneering compliance-dedicated AI platform for financial institutions, today announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry.

[Funding News] Mantel Raises $30 Million in Series A Funding

MA-based Mantel Capture, the technology provider of a carbon capture system using molten borates, has raised $30 million in Series A funding round co-led by Shell Ventures and Eni Next. Additional participating investors include Engine Ventures, New Climate Ventures, Hartree, bp Ventures, Arosa Ventures, Vale Ventures, Newlab, MCJ Collective, and others.

[Funding News] Cognitive Credit Secures $10 Million in Series B Funding Round

Cognitive Credit, the global leader in data and analytics software for corporate credit markets, today announces that it has closed its latest funding round in 2Q24, a $10mm Series B raise led by ETFS Capital, with existing investor XTX Ventures also participating.

[Funding News] You.com Raises $50 Million in Series B Funding Round

You.com has raised a $50M Series B led by Georgian, with participation from Salesforce Ventures, NVIDIA, SBVA (formerly Softbank Ventures Asia), DuckDuckGo, Day One Ventures, and others, bringing our total funding to $99 million. Series B Funding will enable us to continue building the most trusted AI productivity engine and expand into the enterprise.

[Funding News] Revefi Raises $20 Million in Series A Funding Round

Revefi has raised $20 million in a Series A financing. The new funds will fuel the launch of Raden -- the world's first AI data engineer. Raden uses the power of GenAI + AI to augment busy data teams and vastly improve organizations’ ROI from their data investments. The new round was led by Icon Ventures, with participation from Mayfield, GTM Capital and StepStone Group.

[Funding News] Trestle Raises $2.3 Million in Pre-Seed Funding Round

NYC-based Trestle has raised $2.3 million in pre seed funding round led by Lerer Hippeau with additional participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures.

[Funding News] Flex Raises $3.2 Million in Seed Funding Round

CA-based Flex, a payment platform for businesses to accept HSA/FSA cards has raised $3.2 million in seed funding round led by Y Combinator, SV Angel, Precursor Ventures, Liquid 2 Ventures, Heirloom Ventures, among others.

[Funding News] Cortex Secures $60 Million in Series C Funding Round

CA-based Cortex, the Internal Developer Portal eliminating “developer tax” with paved paths to production has raised $60 million in series C funding round, led by Scale Venture Partners, with participation from World Innovation Labs, Cross Creek, Alpha Square Group, Patrick and John Collison (Stripe) IVP, Sequoia, and Y Combinator.

[Funding News] eGenesis Raises $191 Million in Series D Funding Round

eGenesis, a biotechnology company developing human-compatible engineered organs to address the global organ shortage, announced the close of a $191 million Series D financing. Proceeds will be used to advance the company’s lead product candidate, EGEN-2784, to a first-in-human study for kidney transplant. The funding will also be used to advance pipeline programs as well as scale production.
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