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- Flo Health reaches a $800m valuation after its Series C, a16z bets big on European AI
Flo Health reaches a $800m valuation after its Series C, a16z bets big on European AI
News in VC this week
Thrive Capital Raises $5 Billion: Thrive Capital closed its largest fundraising round to date, securing $5 billion, with $1 billion for early-stage and $4 billion for growth-stage investments (AI Market Insights).
Terumo Establishes $75 Million Venture Fund: Terumo Corporation launched "Terumo Ventures," a corporate venture capital fund with $75 million, targeting early-stage companies in cardiovascular and chronic disease treatment, and digital technologies (The Manila Times ).
Brandon Capital Launches $180 Million Fund: Brandon Capital announced its sixth fund, closing at A$270 million (US$180 million), aimed at supporting life sciences startups in Australia, New Zealand, and expanding internationally (Brandon Capital).
The Graph
Source: Pitchbook, deelscoop
Fundraising Startup Spotlight
👉️ Smallspark Space Systems (UK) is raising $3.5m at a $13m valuation to digitize spacecraft mission development!
⚡️ 1 liner about the startup:
“We build smarter spaceships with our software defined spacecraft computers”
🏆️ Early wins:
Smallspark has launched its digital environment MVP with paying customers providing positive feedback. The company has partnered with organizations like The Defense and Security Accelerator and UK Space Agency amongst others to bring its solutions to life.
The startup has already received commitments and an investment leader in the form of a Palo Alto based-VC.
Smallspark has also already secured multiple defence sector contracts.
💰️ What will funding be used for?
Joe Ward, CEO, has said that funding will be used for scaling and maturing the platform, bringing their spacecraft computer technology to TRL4 and bringing on a new CTO and other senior staff to reinforce organizational structure.
📲 Interested in investing? Reply to this email and we’ll connect you to the founders!
Investments from the past week
Seed
Hedra. (USA) - $10m - Video generation for everyone
AI
A platform designed to democratize video creation, offering tools to generate expressive and controllable human characters. This technology enables users to create imaginative worlds, characters, and stories with full creative control. The company raised $10 million in seed funding from Index Ventures, Abstract Ventures, Andreessen Horowitz, Jon Barron, and 8 other investors.
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SoraFuel (USA) - $6m: Jet fuel from just air, water and renewable energy
CleanTech
Climate technology products designed for affordable, carbon-negative drop-in systems. The company produces e-fuels from carbon captured directly from the air, utilizing a closed-loop system that relies solely on water and electricity. This process allows clients to dramatically reduce overall energy inputs and eliminate the need for traditional feedstocks. The company raised $6 million in seed funding from Engine Ventures and Wireframe Ventures. The funds will be used to expand the Boston-based team, develop commercialization partnerships, and advance the company's innovative technology.
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Axle Energy (UK) - $10.51m: Lowering energy costs at home
CleanTech & SaaS
Software designed to connect home energy devices to electricity markets. The platform provides flexibility to Electric Vehicles and home energy devices through connection, management, and monetization options, helping households save on electricity bills. Axle Energy raised £8.16 million in seed funding led by Accel, with participation from Picus Capital and 5 other investors, valuing the company at £15 million pre-money. The funds will be used to expand into other European markets.
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Black Forest Labs (Germany) - $31m: Europe’s competitor in image generation
AI
Cutting-edge generative deep-learning models designed for image and video generation with a focus on accessibility and transparency. The company aims to invigorate the open-source AI ecosystem and accelerate innovation in various fields, from graphic design to scientific visualization, by providing high-quality image generation models. Black Forest Labs raised $31 million in seed funding led by Andreessen Horowitz, with participation from Brendan Iribe, Michael Ovitz, and Garry Tan.
Series A
BatBox (USA) - $7.30m: Immersive baseball simulators
B2C Electronics
Immersive baseball simulators designed to recreate a realistic playing experience for all skill levels. The simulators utilize high-definition screens, real baseballs, and pitching machines, allowing sports fans to enjoy the excitement of baseball indoors. The company raised $7.3 million in Series A funding from EMERGING and MG Partners (Netherlands).
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Haus (USA) - $20m: Offering a new measurement for businesses: Incrementality
AI & MarketingTech
Marketing science and experimentation platform designed to facilitate data-driven decision-making in a dynamic privacy environment. The platform provides growth analytics by analyzing data, evaluating performance, and generating insights and attribution, ensuring clients achieve unmatched accuracy and precision in their measurements. The company raised $20 million in Series A2 funding led by 01 Advisors, with participation from Insight Partners, Mantis VC, Haystack Management Company, Octave (San Francisco), Baseline Ventures, Rahul Mehta, and Gokul Rajaram, valuing the company at $175 million pre-money.
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MYNE (Germany) - $43.43m: The smartest way to own your vacation home
PropTech
Prop-tech platform designed to facilitate the purchase and management of holiday homes in Europe and internationally. The platform offers a smart, stress-free way to buy and co-own holiday homes, helping individuals find and acquire their dream vacation homes at an affordable price. The company raised €40 million in funding through a combination of equity and debt financing led by Limestone Capital, with participation from Scope Hanson and Motive Partners. The funds will be used to enhance its technology and financing platform and expand its portfolio in existing markets.
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DCubeD (Germany) - $4.4m: Space engineering made easy
SpaceTech
Miniature actuators and smallsat deployables designed to accelerate space utilization through innovative and user-friendly technologies. The company's products include deployable structures such as release actuators, appendices, solar arrays, antennas, and sails that outperform traditional space exploration subsystems. The company raised €4.4 million in Series A funding led by Expansion Ventures and BayBG Venture Capital, with participation from High-Tech Gründerfonds, Rymdkapital, VENTIS, Decisive Point, Aurelia Foundry, and other undisclosed investors. The funds will be used to quadruple the production of satellite actuators to meet the rising demand from the anticipated 100,000 satellite launches in the coming years.
Series B
DeepScribe (USA) - $60m: Clinical documentation reimagined
AI & HealthTech
AI-based medical scribe technology designed to automate medical documentation. The technology extracts medically relevant information, summarizing interactions into cohesive sentences and directly integrating notes into the appropriate fields in EHR, allowing healthcare providers to focus more on face-to-face patient care. The company raised $60 millionfrom undisclosed investors, valuing the company at an estimated $290 million pre-money. The funds will be used to expand their ambient intelligence platform and extend their technology to more healthcare organizations.
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LeydenJar (Netherlands) - $40m: The smallest, most powerful batteries ever
NanoTech & ClimateTech
Silicon anode rolls designed to increase energy density in Li-ion battery cells. These silicon anodes offer greater capacity compared to graphite anodes and maintain mechanical stability. The production process, based on roll-to-roll plasma deposition, can be integrated into existing battery plants, enabling efficient energy storage for organizations. LeydenJar secured $40 million from undisclosed investors.
Series C
Knowde (USA) - $60m: The largest chemical marketplace
ClimateTech & E-Commerce
Online chemical marketplace designed to make trading chemicals, polymers, and industrial ingredients more accessible. The platform leverages deep learning, a self-learning data model, and internet technologies to search, filter, sample, quote, and purchase products according to client requirements. This enables users to compare, sample, quote, and purchase products from suppliers worldwide. The company raised $60 million funding from Sequoia Capital, Blue Cloud Ventures, and Point72 Ventures, valuing the company at $440 million pre-money.
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Flo Health (UK) - $200m: World’s most popular female health app
FemTech & HealthTech
AI-driven women's health application designed to assist girls and women in tracking their menstrual cycle. The application employs data science and AI to provide a curated cycle and ovulation tracking system, supporting women throughout their reproductive lives with personalized health insights, expert tips, safety, and a private community. Flo Health raised $200 million in Series C funding led by General Atlantic, valuing the company at $800 million pre-money. The funds will be used to attract more users and expand the focus to include menopause and perimenopause.
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