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Civic Roundtable Raises $5M in Seed Funding

Finsmes · 1y ago

Civic Roundtable Raises $5M in Seed Funding

Boston-based Civic Roundtable has secured $5 million in seed funding to fuel its growth and impact in the government collaboration space. The company's collaboration platform connects government workers to their agencies and partners, catering specifically to the needs of government organizations. Since its launch in 2023, Civic Roundtable has onboarded 5,000 users from over 500 government agencies. The funding round was led by General Catalyst. The company plans to expand its presence in areas such as homelessness prevention, economic development, election administration, and cybersecurity.

Related News

Avatar Medical Raises €5M in Seed Funding

Finsmes · 1y ago

Paris and Mountain View-based company, Avatar Medical, has raised €5M in seed funding to further develop its real-time solution for surgeon-patient engagement. The funds will also be used for commercialisation in the US and Europe and to accelerate the development of its AvatarCloud product, which utilises 3D and XR renderings during patient consultations. CEO Xavier Wartelle expressed excitement at the opportunity to launch the FDA-cleared solution in the US and expand sales to medical schools in both continents.

PriyoShop Raises US$5M in Pre-Series A Funding

Finsmes · 1y ago

PriyoShop Raises US$5M in Pre-Series A Funding

Bangladeshi B2B retail marketplace PriyoShop has raised $5m in pre-seed funding. The round was led by Century Oak Ventures, with participation from Evolution Ventures, Iterative, SOSV, GFR Fund, BonBillo, Accelerating Asia, South Asia Tech Partners, and Voltity. PriyoShop will use the funds to introduce its retail supply chain solutions to businesses across various sectors. The company offers partnerships with brands and suppliers, enabling them to digitise logistics support and streamline operations across Bangladesh. It has already partnered with over 200 brands and is expanding into the food and beverage industry.

Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investment

TechCrunch · 2y ago

Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investment

Kenyan used car marketplace Peach Cars has raised $5 million in seed funding. The investment will be utilized to expand the platform's operations and enhance its technology. Peach Cars aims to revolutionize the used car market in Kenya by providing a transparent and efficient platform for buyers and sellers. The funding will support the company's growth and establish its presence in the market. Backed by Japanese investors, Peach Cars is building the infrastructure to power improved trust and customer experience in Africa's used‐car market.

Prompt engineering startup Vellum.ai raises $5M as demand for generative AI services scales

TechCrunch · 2y ago

Prompt engineering startup Vellum.ai raises $5M as demand for generative AI services scales

Vellum.ai, a startup focused on improving generative AI prompting, has closed a $5 million seed round. The company attracted participation from investors including Rebel Fund, Eastlink Capital, Pioneer Fund, Y Combinator, and several angels. With 40 paying customers and a monthly revenue growth rate of 25% to 30%, Vellum has seen rapid market acceptance since its establishment in January.

Better Auth, an authentication tool by a self-taught Ethiopian dev, raises $5M from Peak XV, YC

Internet

Internet · 3m ago

Better Auth, an authentication tool by a self-taught Ethiopian dev, raises $5M from Peak XV, YC

It’s rare to see a solo founder building a widely adopted developer infrastructure tool. Even more so if the founder happens to be from Africa. Bereket Engida, a self-taught programmer from Ethiopia, is quietly building what some developers say is the best authentication tool they’ve ever used. Engida’s startup, Better Auth, offers an open source framework that promises to simplify how developers manage user authentication, and it’s caught the attention of some big name investors. It recently raised about $5 million in seed funding from Peak XV (formerly Sequoia India and Southeast Asia), Y Combinator, P1 Ventures, and Chapter One.

BQP Raises $5M Oversubscribed Seed Round Following Pilot Agreement with Air Force Research Lab for Quantum-Accelerated Digital Twin Platform

StartupTalky

StartupTalky · 2m ago

BQP Raises $5M Oversubscribed Seed Round Following Pilot Agreement with Air Force Research Lab for Quantum-Accelerated Digital Twin Platform

BQP, a quantum-accelerated simulation software company, raised an oversubscribed $4.9M seed round. The funding will expand its digital twin platform, BQPhy®, in mission-critical sectors like aerospace, defense, and semiconductors. Backed by Monta Vista Capital and others, BQP partners with the Air Force Research Laboratory and key industry players to enhance mission-critical modeling with quantum computing. Their technology aims to significantly boost simulation performance, paving the way for future quantum-native solutions in various industries.

Mufin Green Finance raises $5M in debt from BlueOrchard

IndianStartupNews

IndianStartupNews · 1y ago

Mufin Green Finance raises $5M in debt from BlueOrchard

Mufin Green Finance has secured $5 million in debt funding from BlueOrchard, a leading impact investment firm. This partnership aims to support sustainable development and address global environmental challenges. The investment will enable Mufin Green Finance to advance its projects in the green and energy sectors, driving innovation and sustainable growth. The company has experienced significant growth and expects to reach an asset under management (AUM) of Rs 650-700 crore by the end of FY2024. Mufin Green Finance focuses on financing various elements of the electric vehicle ecosystem, including two- and three-wheelers, four-wheelers, fast chargers, and swappable batteries.

Check out the complete roundtable lineup at TC Early Stage 2024

TechCrunch · 1y ago

Check out the complete roundtable lineup at TC Early Stage 2024

TC Early Stage 2024 is set to host a lineup of roundtable sessions that aim to enlighten and invigorate entrepreneurs. These sessions will cover a range of topics including seed funding, the chameleon mindset, M&A exits, grabbing investors' attention, raising VC money, PR strategies for founders, and the right time to hire a product leader. The roundtables will be led by experts in their respective fields, providing valuable insights and networking opportunities for attendees. Make sure to grab your tickets before prices increase.

Delhi-based Kimbal Technologies raises $5M in a funding round led by Niveshaay

IndianStartupNews

IndianStartupNews · 1y ago

Delhi-based Kimbal Technologies raises $5M in a funding round led by Niveshaay

Delhi-based startup Kimbal Technologies has secured $5 million in funding to expand its smart grid solutions. Led by Niveshaay, the investment aims to support the firm's growth and product development. Kimbal Technologies focuses on providing advanced metering infrastructure solutions, including smart meters and communication technologies. The company's goal is to install 250 million prepaid smart meters across India by 2025. With this funding, Kimbal Technologies plans to scale up operations and contribute to the country's ambition of efficient energy distribution. The company faces competition from Husk Power Systems and Gram Power in the growing smart grid market.

Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC

Entrackr

Entrackr · 9h ago

Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC

Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC Jaagruk Bharat helps citizens navigate welfare schemes and public services through an easy-to-use, multilingual interface that supports discovery, application, and real-time tracking. Jaagruk Bharat, a civic-tech startup dedicated to making government services, has raised Rs 1.5 crore in a pre-seed funding round led by AJVC, the early-stage venture capital firm founded by Aviral Bhatnagar. The proceeds will be used to strengthen product development, expand collaborations with state and central government bodies, and enhance accessibility features across multiple platforms. It will also focus on scaling its reach among marginalized communities and improving system interoperability to make access to benefits faster and more reliable. Founded by Akshit and Abhishek Goel, Jaagruk Bharat helps citizens navigate welfare schemes and public services through an easy-to-use, multilingual interface that supports discovery, application, and real-time tracking. The company’s platform enables users to discover, apply for, and track government schemes and welfare services seamlessly, ensuring transparency and accountability at every step. By combining automation, vernacular support, and accessible interface design, Jaagruk Bharat is building a citizen-first ecosystem that simplifies government interactions for individuals across different socio-economic and linguistic backgrounds.

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