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Medical tech startup Inito raises $6 million in funding round led by Fireside Ventures
Economic Times
ยท
1y ago
Medial
Bengaluru-based medical technology startup Inito has raised $6 million in a Series A funding round led by Fireside Ventures. Inito helps women track fertility hormones and offers personalized analytics on reproductive health through its flagship product, the Fertility Monitor. The company plans to use the funds for global expansion, improve its analytics using AI, invest in R&D for new tests, and eventually offer diagnostic tests through a smartphone-based platform. The partnership with Fireside Ventures will provide financial backing and strategic guidance to build a prominent consumer health tech brand.
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Metalbook, three others raise early-stage funding
VCCircle
ยท
1y ago
Medial
Metal supply chain platform Metalbook has raised $15 million in a Series A funding round led by Rigel Capital, while internet browser Veera has raised $6 million in a seed funding round led by Ayon Capital. Quick service restaurant IDC Kitchen has raised $180,647 in a funding round from Velocity, and haircare startup iluvia has raised an undisclosed amount in a Series A funding round from Fireside Ventures and Multiply Ventures.
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AI startup Scribenote raises $8.2 million in Andreessen Horowitz-led funding round
Economic Times
ยท
10m ago
Medial
Scribenote, an AI-driven startup that generates medical records for veterinarians, has raised $8.2 million in an early-stage funding round led by Andreessen Horowitz. Other participants included Inovia Capital and Velocity Fund. Although the valuation of the funds raised was not disclosed, the investment highlights the growing investor interest in AI startups. Scribenote, founded in 2019, has automated over 1.5 million medical records in less than a year. This funding round comes after Andreessen Horowitz's involvement in the $6 billion series B funding of xAI, the AI startup founded by Elon Musk.
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Gurugram's Solethreads raises $3.7M in Series A round led by new and existing backers
IndianStartupNews
ยท
2y ago
Medial
Gurugram-based Solethreads, a rapidly growing casual footwear brand has raised $3.7 million in a Series A funding round led by Fireside Ventures and existing investors DSG Consumer Partners and Saama Capital.
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Elchemy, Beyond Appliances bag VC cheques from Prime Venture, Fireside
VCCircle
ยท
8m ago
Medial
Mumbai-based Elchemy and kitchen appliance startup Beyond Appliances have secured funding from venture capital firms Prime Venture Partners and Fireside Ventures, respectively. Elchemy, a specialty chemical distribution platform, raised $5.6 million in a Series A round led by Prime Venture Partners. The funds will be used to expand its presence in North America and invest in technology enhancements. Beyond Appliances raised $2 million in a seed round led by Fireside Ventures, which will be used to develop its smart kitchen appliances.
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Fireside-backed petcare startup Supertails snags Series B cheque
VCCircle
ยท
1y ago
Medial
Supertails, a petcare startup backed by Fireside Ventures, has raised Rs 125 crore ($15 million) in Series B funding. The round was led by RPSG Capital Ventures and saw participation from existing investors, including Fireside Ventures, Saama Capital, DSG Consumer Partners, and Sauce VC. Supertails plans to use the funding to acquire new customers, invest in technology, and expand its healthcare services. The Bengaluru-based startup aims to achieve an annual recurring revenue of Rs 500 crore in the next two years.
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Healthcare startup Abridge raises $150 mln for AI model for clinicians
Reuters
ยท
1y ago
Medial
Abridge, an AI-powered clinical documentation startup, has secured $150 million in a Series C funding round led by Lightspeed Venture Partners and Redpoint Ventures. This investment comes just four months after the company's previous funding round, and values Abridge at around $850 million. Abridge automates clinical notes and medical conversations for doctors and works with thousands of clinicians through partnerships with hospitals. The funding will be used for hiring and acquiring purpose-built medical AI models. Abridge's success reflects the growing demand for industry-specific AI models in areas such as healthcare.
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CoRover, Pepsales, Tuco bag early-stage funding
VCCircle
ยท
10m ago
Medial
Conversational AI startup CoRover has secured $4 million in a Series A funding round led by Venture Catalysts. CoRover helps businesses create personalized conversational experiences through various platforms. Pepsales, an AI-powered SaaS platform for sales teams, raised $1.1 million in pre-seed funding led by Chiratae Ventures. Tuco Intelligent, a kids' personal care brand, raised $2 million in seed funding led by Fireside Ventures and Whiteboard Capital. These investments will enable CoRover, Pepsales, and Tuco to further develop their technologies and expand their operations.
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Mental health startup Amaha raises $4.4 Mn in Series A
Entrackr
ยท
1y ago
Medial
Mental health startup, Amaha (formerly InnerHour), has raised $4.4 million in an extended Series A funding round led by Fireside Ventures. This is the first funding round for the Mumbai-based company in the last two years. The investment will help Amaha in its mission to bridge the mental health treatment gap in India. The platform operates through a team of 140+ psychiatrists and psychologists, with three in-person centers in Delhi, Mumbai, and Bengaluru. Amaha's revenue from operations increased significantly in FY23, but losses also grew during the same period.
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Sweet Karam Coffee raises $8 Mn led by Peak XV
Entrackr
ยท
4m ago
Medial
Sweet Karam Coffee Raises $8 Mn Led by Peak XV Chennai-based South Indian food brand Sweet Karam Coffee (SKC) has raised $8 million in its Series A round led by Peak XV Partners, with existing investor Fireside Ventures also increasing its stake. The funding comes almost two years after Sweet Karam Coffee raised $1.5 million from Fireside Ventures. The proceeds will be used to expand its distribution, launch new products, and improve its supply chain with tech. Founded in 2015, SKC is known for its authentic sweets, snacks, and filter coffee, which is made without palm oil, preservatives, or maida. It also sells condiments and ghee. The startup sells its products via its website, e-commerce marketplaces, and quick commerce platforms, serving customers across 32 countries. SKC claims to have grown 4X in revenue over the past 12 months and is projected to grow another 2.5X in the next 12 months. SKC announced the appointment of Nandhitha Indermohan (ex-Unilever) as Chief Operating Officer to boost execution.
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Qure.ai raises Series D funding led by Lightspeed, 360 ONE Asset
VCCircle
ยท
10m ago
Medial
Health-tech startup Qure.ai has raised $65 million in a Series D funding round led by Lightspeed Venture Partners and 360 ONE Asset. Qure.ai uses artificial intelligence to analyze medical imaging diagnostics, such as X-rays and CT scans, providing results in under a minute. The funding will be used to expand Qure.ai's presence in the US market, invest in AI models, and acquire complementary med-tech companies. Qure.ai has deployed its solutions in over 90 countries and aims to reach a billion patients through its technology. This latest funding follows a $40 million round secured in 2022.
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