The Canadian cold is hitting North America! Find out which US and Canadian startups are raising funds between 11 and 17 November 2024. This week, Canadian startup Neo Financial is disrupting finance with its CAD 360 million!
Reminder: this article is sponsored by our partner WINVESTY. Are you looking for a Professional Fundraiser for your start-up or SME? Find out more about its WINVESTY Fundraiser programme.
Here is a summary of recent fundraising in North America:
Writer ✍️ - Artificial Intelligence - USD 200 million raised
- Amount raised USD 200 million (Series C)
- Domain : Generative artificial intelligence for businesses
- Country : United States
- Description San Francisco-based Writer has raised USD 200 million in a Series C round, valuing the company at USD 1.9 billion. This represents a significant increase on its previous valuation of USD 500 million, following a USD 100 million round led by Iconiq Growth last year.
runQL 🛠️ - Code - fundraising of CAD 1.6 million
- Amount raised 1.6 million CAD
- Domain : Data query management
- Country : Canada
- Description runQL aims to simplify the management of data queries by offering solutions to reduce the chaos associated with this complex task. With funding of CAD 1.6 million, the company plans to improve its tools and extend its market reach.
Trolley 💸 - Saas - CAD 32 million capital raising
- Amount raised CAD 32 million (Series B)
- Domain : Payment management platform
- Country : Canada
- Description Montreal-based Trolley has secured CAD 32 million in a Series B round to extend the global reach of its payment management platform. The funding, backed entirely by US investors, will be used to enhance the platform's functionality and strengthen its international presence.
Medeloop 🧬- AI and MedTech - USD 15.5 million fundraising round
- Amount raised USD 15.5 million (Series A)
- Domain Clinical research accelerated by AI
- Country United States (run by Canadians)
- Description Medeloop: Silicon Valley-based, Canadian-led Medeloop has closed a USD 15.5 million Series A round to support its platform for accelerating clinical research using artificial intelligence. The round was led by Inovia Capital.
UniUni 🚚 - Logistics - CAD 42.2 million capital raising
- Amount raised CAD 42.2 million (Series C2)
- Domain : Last mile logistics
- Country : Canada
- Description UniUni: Richmond, British Columbia-based UniUni has raised CAD 42.2 million in a Series C2 round to strengthen its expansion in the United States. The funds will be used to add warehouses, robotised sorting centres and enhance the company's software.
Neo Financial 💳 - Fintech - CAD 360 million fundraising round
- Amount raised CAD 360 million (Series D)
- Domain : Fintech
- Country : Canada
- Description Neo Financial, a Canadian fintech startup, has raised CAD 360 million in a Series D round, consisting of CAD 110 million in equity and CAD 250 million in debt. Participating investors include Tobi Lütke, Stewart Butterfield and David Baszucki.
Firefly Aerospace 🚀 - Space - USD 175 million fundraising round
- Amount raised USD 175 million (Series D)
- Domain : Manufacture of spacecraft
- Country : United States
- Description Firefly Aerospace: Firefly Aerospace, based in Texas, has raised USD 175 million in a Series D round led by RPM Ventures, valuing the start-up at more than USD 2 billion.
Metsera ⚕️ - Biotechnology - USD 215 million capital raising
- Amount raised USD 215 million (Series B)
- Domain Biotechnology (obesity treatments)
- Country : United States
- Description Metsera, a biotech start-up developing treatments for obesity, including GLP-1 injections, has raised USD 215 million in a Series B round led by Wellington Management and Venrock Healthcare Capital Partners. The funds will be used to accelerate clinical trials and prepare for commercialisation.
Chaos Industries 🛡️ - Defence - USD 145 million fundraising round
- Amount raised USD 145 million (Series B)
- Domain Defence technology
- Country : United States
- Description Chaos Industries, a Los Angeles-based start-up specialising in defence technologies, has raised USD 145 million in a Series B round led by Accel. The funds will be used to develop innovative new defence systems.
Recogni 💾 - Artificial Intelligence - USD 102 million raised
- Amount raised USD 102 million (Series C)
- Domain : Infrastructure for IA data centres
- Country : United States
- Description : Recogni, a start-up developing data centre infrastructure dedicated to artificial intelligence, has raised $102 million in a Series C round led by Celesta Capital and GreatPoint Ventures. Juniper Networks has also invested and will be working with the start-up.
TRexBio 🧪 - Biotechnology - USD 84 million financing round
- Amount raised USD 84 million (Series B)
- Domain Biotechnology (drugs based on T cells)
- Country : United States
- Description TRexBio, a Bay Area-based biotech company, has raised USD 84 million to develop innovative drugs using T cells. The round was led by Delos Capital.
Conduktor 📊 - Data - USD 30 million fundraising round
- Amount raised USD 30 million (Series B)
- Domain : Enterprise data management
- Country : United States
- Description Conduktor, an enterprise data management platform, has raised USD 30 million in a Series B round led by RTP Global. The funds will support platform enhancements and global expansion.
Radiant Industries ⚡ - Nuclear - USD 100 million fundraising round
- Amount raised USD 100 million (Series C)
- Domain : Nuclear micro-reactors
- Country : United States
- Description Radiant Industries, which specialises in the development of nuclear micro-reactors, has raised USD 100 million in a Series C round led by DCVC. The funds will be used to develop compact, sustainable energy solutions.
Vaulted Deep 🌱 - CleanTech - fundraising of USD 32.3 million
- Amount raised USD 32.3 million (Series A)
- Domain : Cleantech (carbon sequestration)
- Country : United States
- Description Vaulted Deep, a start-up specialising in the removal and storage of carbon dioxide in underground wells, has raised USD 32.3 million in a Series A round led by Prelude Ventures.
Stepful 🩺 - Health and AI - USD 31.5 million raised
- Amount raised USD 31.5 million (Series B)
- Domain : AI-based healthcare training
- Country : United States
- Description Stepful, a start-up using artificial intelligence to train entry-level healthcare professionals, has raised USD 31.5 million in a Series B round led by Oak HC/FT.
Beta Bionics ⚕️ - MedTech - USD 60 million raised
- Amount raised USD 60 million (E Series)
- Domain : Medical technology for diabetes
- Country : United States
- Description Beta Bionics, a start-up developing technologies for diabetes management, has raised USD 60 million in a Series E round led by Wellington Management.
Plantible 🌾 - Food - USD 30 million fund raising
- Amount raised USD 30 million (Series B)
- Domain Plant proteins
- Country : United States
- Description Plantible, a California-based start-up specialising in the production of plant proteins, has raised USD 30 million in a Series B round led by Piva Capital and Siddhi Capital.
These fundraisings highlight a variety of sectors including biotechnology, artificial intelligence, clean technologies and energy solutions, reflecting a dynamic ecosystem in North America.
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