The Weekly Notable Startup Funding Report: 6/13/22 – AlleyWatch

Aledade

$123.0M – Series E

Bethesda-based Aledade is a primary care physician platform that provides everything doctors need to create and run an accountable care organization. Founded by Edwin Miller, Farzad Mostashari, and Mat Kendall in 2014, Aledade has now raised a total of $417.9M in total equity funding and is backed by Fidelity Management and Research Company, Infinity Ventures Japan, Meritech Capital Partners, OMERS Growth Equity, and Tiger Global Management.

AppOmni

$70.0M – Series C

San Francisco-based AppOmni is a SaaS security management solution that enables security and IT teams to secure applications used by their employees. Founded by Brendan O’Connor and Brian Soby in 2018, AppOmni has now raised a total of $123.0M in total equity funding and is backed by ClearSky, Costanoa Ventures, Salesforce Ventures, Scale Venture Partners, and Thoma Bravo.

Branch

$147.0M – Series C

Columbus-based Branch is an insurance company focused on instantly providing bundled home and auto insurance. Founded by Joe Emison and Steve Lekas in 2017, Branch has now raised a total of $229.5M in total equity funding and is backed by Acrew, Anthemis Group, Flucas Ventures, Gaingels, Greycroft, HSCM Ventures, Narya Capital, SignalFire, Tower IV, and Weatherford Capital.

Calaxy

$26.0M – Series A

Katy-based Calaxy is the open social marketplace designed & built by Creators for Creators. Founded by Solo Ceesay in 2020, Calaxy has now raised a total of $33.5M in total equity funding and is backed by Animoca Brands, HBAR Foundation, and Polygon Studios.

CareAcademy

$20.0M – Series B

Cambridge-based CareAcademy offers an online training empowering senior care professionals to deliver the highest caliber of services. Founded by Helen Adeosun and Madhuri Reddy in 2013, CareAcademy has now raised a total of $32.2M in total equity funding and is backed by First Trust Capital Partners, Goldman Sachs Asset Management, Impact America Fund, MassMutual, Rethink Education, and Unseen Capital.

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SCiFi Foods

$22.0M – Series A

San Francisco-based SCiFi Foods works on the next generation of meat alternatives by cultivating meat, instead of harvesting meat from animals. Founded by Jess Krieger, Joshua March, and Kasia Gora in 2019, SCiFi Foods has now raised a total of $22.1M in total equity funding and is backed by Andreessen Horowitz.

Encamp

$30.0M – Series C

Indianapolis-based Encamp specializes in environmental compliance automation, hazardous material tracking, and environmental data management. Founded by Luke Jacobs and Sam Jacobs in 2017, Encamp has now raised a total of $47.2M in total equity funding and is backed by Allos Ventures, Drive Capital, High Alpha, and OpenView.

Canix

$10.0M – Series A

San Francisco-based Canix builds ERP software for cannabis companies Founded by Artem Pasyechnyk and Stacey Hronowski in 2018, Canix has now raised a total of $14.0M in total equity funding and is backed by AltaIR Capital, Cathexis Ventures, and Emles Venture Partners.

Kinside

$12.0M – Series A

Claremont-based Kinside is a developer of a child care flexible spending account designed to automate the claims process. Founded by Abe Han, Brittney Barrett, Rob Bircher, and Shadiah Sigala in 2018, Kinside has now raised a total of $16.6M in total equity funding and is backed by Initialized Capital, Magnify Ventures, Maven Ventures, and Wellington Management.

New York-based Ethena is a software-as-a-service that sells anti-harassment training software. Founded by Anne Solmssen and Roxanne Bras Petraeus in 2019, Ethena has now raised a total of $50.4M in total equity funding and is backed by Claire Hughes Johnson, Felicis Ventures, Gretchen Howard, Homebrew, Jack Altman, Lachy Groom, Mathilde Collin, Neo, and William Hockey. AlleyWatch broke the news in an exclusive covering the round and much more – Ethena $30M for its Operating System for Workplace Compliance Training

H1

$23.0M – Series C

New York-based H1 provides a health data platform to support the end-to-end therapeutic development process of medical companies and healthcare systems. Founded by Ariel Katz and Ian Sax in 2017, H1 has now raised a total of $193.9M in total equity funding and is backed by Goldman Sachs Asset Management, Menlo Ventures, Novartis Pharma, and Transformation Capital.

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L7 Informatics

$38.0M – Series C

Austin-based L7 Informatics provides a workflow management software platform for companies using data-intensive scientific techniques. Founded by Christopher Mueller in 2011, L7 Informatics has now raised a total of $61.1M in total equity funding and is backed by Banneker Partners.

Middesk

$57.0M – Series B

San Francisco-based Middesk is an identity platform that automates business verification and underwrites decisions. Founded by Kurt Ruppel and Kyle Mack in 2018, Middesk has now raised a total of $77.0M in total equity funding and is backed by Accel, Canapi Ventures, Gaingels, Insight Partners, and Sequoia Capital.

Nava

$40.0M – Series B

New York-based Nava provides employee benefits brokerage services with a focus on affordable healthcare. Founded by Brandon Weber, Donald DeSantis, and Kareem Zaki in 2019, Nava has now raised a total of $60.0M in total equity funding and is backed by Avid Ventures, GV, Homebrew, Isha Vij, James Groch, K5 Ventures, Quiet Capital, Sound Ventures, Thrive Capital, and Tom X Lee.

OhmConnect

$55.0M – Series D

San Francisco-based OhmConnect provides a software based powerplant which assists users in reducing their use of electricity. Founded by Curtis Tongue and Matt Duesterberg in 2013, OhmConnect has now raised a total of $83.5M in total equity funding and is backed by Carrier, Citi Impact Fund, City Light Capital, ClearSky, Elemental Excelerator, Floodgate, Japan Energy Fund, Radicle Impact, Sidewalk Infrastructure Partners, SunPower, and TELUS Ventures.

Opal

$10.0M – Series A

San Francisco-based Opal is empowering enterprises to build access management workflows that scale. Founded by Naseem Al-Naji and Stephen Cobbe in 2019, Opal has now raised a total of $11.8M in total equity funding and is backed by Andrew Peterson, base case capital, BoxGroup, Evan Reiser, Grant Miller, Greylock, Joe Morrissey, Joshua Ma, Pedro Canahuati, Philip Martin, and Tim Howes.

Owkin

$80.0M – Series B

New York-based Owkin is an AI precision medicine company with a vision to find the right drug for every patient. Founded by Gilles Wainrib and Thomas Clozel in 2016, Owkin has now raised a total of $334.1M in total equity funding and is backed by Bristol Myers Squibb.

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Quaise

$12.0M – Series A

Cambridge-based Quaise is an energy company that develops a millimeter-wave drilling technology to access deep geothermal energy. Founded by Aaron Mandell, Carlos Araque, Matthew Houde, and Paul Woskov in 2018, Quaise has now raised a total of $70.0M in total equity funding and is backed by Hostplus, Prelude Ventures, Safar Partners, TechEnergy Ventures, and Xplorer Capital.

Stellate

$25.0M – Series A

Middletown-based Stellate is a provider of a platform for developers to speed up GraphQL APIs. Founded by Max Stoiber and Tim Suchanek in 2020, Stellate has now raised a total of $30.0M in total equity funding and is backed by Tiger Global Management.

Teal

$6.3M – Seed

Coral Gables-based Teal helps people navigate change and drive their career with confidence and purpose. Founded by David Fano in 2019, Teal has now raised a total of $11.3M in total equity funding and is backed by Basecamp Fund, City Light Capital, Flybridge, Gaingels, Human Ventures, Lerer Hippeau, Oceans, Pareto Holdings, Rethink Education, Tom Willerer, and Zelkova Ventures.

Vanta

$110.0M – Series B

San Francisco-based Vanta is an automated security monitoring platform that helps companies get SOC 2, HIPAA, or ISO 27001 certified quickly. Founded by Christina Cacioppo and Erik Goldman in 2017, Vanta has now raised a total of $163.0M in total equity funding and is backed by Craft Ventures, Sequoia Capital, and Y Combinator.

Valkyrie Investments

$11.2M – Series B

Brentwood-based Valkyrie Investments is an alternative asset management firm with a focus on the digital asset economy. Founded by Leah Wald and Steven McClurg in 2020, Valkyrie Investments has now raised a total of $23.3M in total equity funding and is backed by Belvedere Capital, BNY Mellon, C Squared Venture Capital, ClearSky, Coinbase Ventures, SenaHill Partners, Wedbush Securities, and Zilliqa Capital.

Whistic

$35.0M – Series B

Pleasant Grove-based Whistic is a vendor security network for users to assess, publish, and share vendor security information. Founded by Juan Rodriguez in 2015, Whistic has now raised a total of $51.0M in total equity funding and is backed by Album VC, Emergence Capital, FJ Labs, Forgepoint Capital, and JMI Equity.

The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.