Vensight - VC News & Insights

🔔Dendra Systems Raises $15.7M Series B🔔 'the number 1 ecosystem management platform for environmental managers' UK-based Dendra Systems, the technology-driven ecological restoration startup, raised $15.7M in Series B funding. 💸 The round was led by Zouk Capital LLP, with participation from new investor Aramco Ventures and existing investor Airbus Ventures. Additional contributions came from existing investor Understorey Capital and new investor Helium-3 Ventures. 💡 Under the leadership of CEO Dr Susan Graham, Dendra Systems offers an end-to-end RestorationOSTM solution, leveraging data capture and drone-based seeding, alongside a comprehensive AI-enabled ecosystem insights platform. Their innovative approach allows for targeted, rapid deployment of restoration efforts at scale, with ongoing monitoring, management, and reporting for multi-year projects. 🚀 With this influx of capital, Dendra Systems plans to expand into new geographical markets and further develop its AI-enabled ecology platform #StartupFunding #EcologicalRestoration #AI #TechInnovation #EnvironmentalSustainability #startup #vc #investment

🔔 TXOne Networks Raises $51 Million in Series B 🔔 ' The solution for tackling security weaknesses prevalent across industrial environments' 🤑 TXOne Networks, the Taiwan and Californian based leader in Cyber-Physical Systems (CPS) security has raised $51M in its Series B extension round of financing! 💰 The B round was led be TGVest Capital and Pegatron, CDIB Capital Group 中華開發資本 and CDIB Capital International Corporation. New Investors included Taiwania Capital and Applied Ventures! 🖥 Led by Terence Liu, TXOne Networks works with manufacturers and critical infrastructure operators to develop practical approaches to cyber defence of industrial control systems and operational technology (OT) environments. In April this year the company announced its latest innovative CPS protection platform, the SageOne central management console. The new platform delivers managements of the CPS attack surface across the OT environment, combines advanced technology with a user friendly interface for securing critical infrastructure and enables integrated lifecycle protection! 🏭 TXOne Networks already secured the operations of more than 3600 organisation globally in industries such as semiconductors, automotive, pharmaceutical, food and beverages, electronics, public transport, oil and gas and more! 📈 The new funds are set to be used to continue the growth with the SagaOne platform ! #venturecapital #vc #vcfunding #funding #seriesB #investments

🔔 Tuza Raises £4M Seed Funding🔔 'Revolutionising payment processing for small to medium-sized businesses' Tuza (formerly Statement), the London-based comparison site for business card payments, raised £4M in Seed funding. The round was led by Connect Ventures with participation from Northzone, TriplePoint Capital and Entrepreneur First. 💡 Founded by Olivia Stannah and Ed Hardy, With a focus on transparency and accessibility, Tuza offers a one-stop, zero-cost price comparison service, enabling SMBs to easily compare rates from top payment providers. Tuza allows merchants accepting payments in person to find the right provider for them and switch in minutes, a process that currently takes days. This comparison tool can save a convenience store over £5,400 annually by switching them in minutes. 💸 With this latest injection of seed funding, Tuza is primed to accelerate its growth, targeting the goal of reaching 100,000 merchants on the platform. This investment will also support the expansion of its talented team, as well as further technical development. Commenting on the news, Ed Hardy said: “Our latest round of investment underscores the urgency of our mission. Businesses shouldn’t bear high costs due to a lack of understanding about where or how to find better deals.” Huge things to come this year from Tuza. #StartupFunding #PaymentProcessing #SMBs #Empowerment #FinTech #SmallBusiness #TechInnovation #fundinground #seed #invetment

🔔 beehiiv Raises $33 Million in Series B 🔔 'empowering you to create, monetise, and grow your newsletter with an all-in-one publishing suite' 💰 beehiiv is an NYC-based provider of an email newsletter platform and has just raised $33M Series B funding! 🤑 The round was led by New Enterprise Associates (NEA) along with participation from Sapphire Sport and Lightspeed, with the latter participating in its Series A last June that raised $12.5M! 📩 Led by CEO Tyler Denk 🐝, beehiiv is an email newsletter platform that enhances audience engagement, growth, and monetisation through subscriptions and its ad network enabling sponsorship income. The platform's direct engagement model also allows publishers and advertisers to decrease reliance on lower-quality cookie-based data! 📈 beehiiv has already attracted a diverse assortment of enterprise publishers and content creators from Boston Globe Media, Brex ,Overtime and the likes of Arnold Schwarzenegger! The company intends to use the funds to further enhance engineering and support teams to improve the overall capabilities and user experience of the platform and to accelerate the growth and effectiveness of their user acquisition! #vc #venturecapital #seriesb #venturecapitalfunding #vcfunding #investment #startup

🔔Sorted Raises £1.65M Seed Funding🔔 'The Future of AI-Powered Recycling' 🇬🇧The London-based recycling tech startup, raised £1.65m in Seed funding. The round was led by Pi Labs with participation from Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect, Antler, and other angel investors. ♻ Globally, the environmental impact of waste dumping is staggering, with 2.12 billion tonnes of waste posing threats to air quality, ocean health, and soil fertility. Sorted is stepping up to tackle this challenge by addressing the increasing pressure from governments to reduce reliance on single-use materials and boost recycled content. 💡 Arthur Goujon, co-founder and CTO at Sorted, highlights the urgency for compliance with upcoming regulations like the UK Emissions Trading Scheme. Sorted's solution aims to empower the waste management sector to reduce its carbon footprint, increase recycled material output, and navigate industry challenges effectively. The Solution: Innovative Technology for Sustainable Sorting 🗑 Sorted's technology leverages computer vision, spectroscopy, and AI-driven coloured lasers to enhance human pickers' sorting efficiency. By identifying, distinguishing, and pinpointing valuable items on recycling lines, Sorted's solution optimizes waste recovery, leading to over a 50% improvement in residual waste recovery in its initial deployment. 💸 Sorted has already forged partnerships with major waste management and recycling companies in the UK and France, including SUEZ UK and Cawleys Waste & Resource Management. With this new funding, the startup plans to expand its business development and technical teams, accelerating its go-to-market strategy and contributing to a more sustainable future. Sorted's innovative approach not only drives environmental sustainability but also presents lucrative revenue opportunities for its clients while mitigating carbon emissions. We look forward to witnessing Sorted's continued success in revolutionising waste management and contributing to a greener, more sustainable world. #SeedFunding #SustainableTech #WasteManagement #CircularEconomy #EnvironmentalImpact #StartupFunding #InvestmentInsights 🌍♻️💡

🚀 Fresh Capital Chasing Revival in Startups 🌱 Investors are rediscovering sectors with funding dips through newly closed, industry-focused funds this year. From consumer goods to digital apps and gaming, venture funds in the U.S. have amassed fresh capital pools to re-inject into areas sorely below their peak investment levels. A modest rise in Q1 venture investment hints at a possible end to the downtrend experienced last year, suggesting a sunnier outlook ahead. 📈 Analysing the latest U.S. fundraising data for new startup investment vehicles, we've pinpointed where this newly allocated capital is headed. While the chase for AI dominance prevails, funds are simultaneously aiming at sectors previously overlooked. Let's delve deeper: 📲 The App Economy - Despite the decline in venture investment for app startups since 2016, Andreessen Horowitz has dedicated a whopping $1 billion from its recent 7.2 billion fundraiser towards an app-focused fund, propelled by AI. 🎮 Gaming - With early-stage deals rekindling the sector, BITKRAFT Ventures and Andreessen Horowitz are placing bets with their new gaming-focused funds, totalling $875 million. 🛍️ Consumer - Venture Capital may have cooled on direct-to-consumer models, but fresh fund like Maven newly closed $60 million suggest emerging consumer trends are still worth backing. 🌐 Web3 - Following a year of stagnant growth, Q1 has shown a renewed interest in crypto and blockchain, with Hack VC landing $150 million for rapid investments into the space. 🔒 Cybersecurity - Rebounded from lows, cybersecurity sees large-scale funding rounds and rising exit chatter. Ballistic Ventures' new $360 million cybersecurity-exclusive fund positions itself for the upswing. In summary, while AI's allure endures, we’re witnessing a welcome resurgence in startup sectors that have been out of the spotlight. This re-balancing, fuelled by targeted investment, signals an exciting time for innovation across the board.

🔔 Outpost Raises $12.5 Million in Series A 🔔 'The backbone of your freight network' 🇺🇸 Outpost is a provider of a network of managed semi-truck parking facilities based out in Austin, Texas. 🤑 The round was led by GreenPoint Partners with support from Speedwagon Capital Partners and the funds will be used to accelerate the expansion of its managed properties and technology platform! 🚛 Led by CEO Trent Cameron, Outpost offers a network of truck parking facilities with 18 locations and over 8000 spaces which assists asset carriers, private fleets and owner-operators use truck parking as a flexible part of their transportation infrastructure without major capital investments and providing secure locations for drivers and cargo. 📈 Trent Cameron said 'This infrastructure will evolve beyond parking in the years ahead to include maintenance, electric vehicle charging, autonomous vehicle landing, office space and other essential services... and todays funding will help us accelerate these efforts.' Will this be the end of nationwide truck parking shortages? #vc #venturecapital #funding #vcfunding #seriesa #trucking #investment #startup

🔔Payflows Secures €25M Series A🔔 '360° finance platform for modern companies' 🇫🇷 The France-based SaaS platform for finance operations, secured €25m in Series A funding. The round was led by Balderton Capital with participation from existing investors Headline and Ribbit Capital. 🚀 The startup was launched in 2022 by CEO Pauline Glikman and CTO Joseph A. Payflows offers an operating system that integrates finance teams and workflows together to allow businesses to 'supercharge' their finance and procurement operations with workflows, collaboration, automation and analytics. 💡The platform allows businesses to reduce the number of finance tools, employee licences, close books faster, forecast cash flow more accurately and automate accounts payable operations. 💰 The company intends to use the funds to expand operations and its business reach. CEO Gilkman said in a statement “Much of this money is going to be about making sure that we’re US-ready.” One to watch in 2024 👀 #finance #vc #investing #seriesa #startup #operations #investment #seedround #seed #venturecapital #angel

🔔 Centrifuge Raises $15 Million in Series A🔔 'Enabling a radically faster, more cost-effective, and fully-transparent model for connecting investors and borrowers with bankless liquidity' 💸 Centrifuge, an onchain finance startup provides a platform for tokenised real-world assets unchain where investors gain access to a diverse range of assets, improving transparency and achieving better insights into their portfolio! 🤑 The round was co-led by ParaFi Capital and Greenfield Capital with participation from Gnosis , IOSG Ventures, Modular Capital, Circle Ventures, Edessa Capital, ProtoCap, Re7 Capital, Scytale Digital, Skynet Trading, TRGC, Arrington Capital, Bloccelerate VC, Borderless Capital, Wintermute, Stake Capital and The Spartan Group! 👩💻 Centrifuge's ecosystem extends beyond it onchain financial infrastructure, incorporating a decentralised autonomous organisation that's supported by a diverse community of finance professionals and developers! 🌍 They intend to use the funds to expand operations and its development efforts along with completing an efficient and user-friendly fund management platform unchain where managers can launch funds, tokenise assets and offer investment opportunities! #vc #vcfunding #venturecapital #blockchain #finance #investments #seriesa #startup

🔔 FYLD Raises £12M Funding🔔 'Automatically turn video and audio footage into real-time workflows' The London-based platform specialising in AI-powered field work has just secured £12M in funding, with Ontario Teachers' Pension Plan Teachers' Pension Plan leading the round. 🚀 Under the guidance of CEO Shelley Copsey, the startup is making an impact in the industry with its AI-driven digital platform, empowering field managers to make real-time, data-led decisions while revolutionising operational processes and procedures. 🔍 Launched by Koru, a venture studio spearheaded by Ontario Teachers', this company stands at the forefront of digital innovation. Their collaboration with SGN, a prominent UK gas utility within Ontario Teachers' infrastructure and natural resources portfolio, underscores their commitment to rigorous testing and validation of their technology. 💰 To date, the company has raised an impressive total of £26M, fueling the rapid adoption of its AI-powered platform and achieving 3x revenue growth in 2023. 📈 With this latest funding injection, their trajectory knows no bounds. They're poised to scale their commercial team, expedite product development, fortify their AI-driven predictive analytics platform, and expand both within their existing markets and into new territories globally. #AI #Funding #Innovation #FieldWork #TechRevolution #tech #vc #investment #fundinground #seed #startup