Category: angel investors

Diamond Age is a developer of a robotic construction technology intends to fix labor shortage issues in construction. The Bay Area startup focuses on automating the construction process by developing a suite of automated devices that diminish the manual labor needed to build new home by more than half.

Diamond Age was funded $8 million seed round led by Prime Movers Lab and Alpaca VC with participation from Dolby Family Ventures, Calm Ventures, angel funding Gaingels, GFA, Venture Partners, Suffolk Construction, Towerview Ventures.

The startup studies to put a slew of key emerging technologies to work in constructing houses with several workers in a significantly trimmed time frame. Diamond Age declares that when fully completed, its tech will reduce manual human labor by 55%. As a result, shorten the construction time on a single-family home from nine months to 30 days.

Precisely, the company relies on robotic and 3D printing solutions. The past involves a set of 26 different robotic arm attachments to help with the construction. That tech is link with a gantry-based 3D printing technology designed to assemble the interior and exterior walls of the house. These efficiencies could dramatically reduce the almost a million single-family home shortages in the U.S. housing market.

Diamond Age will use the new funding to scale its robotics platform advancement and produce a 1,100 square foot demonstration house. In addition, this fund will help Diamond Age partner with home builders and developers to turn the home building into an on-demand product. And give buyers more options when designing their home.

Suzanne Fletcher, the Prime Movers Lab General Partner, said that construction is still an old-fashioned industry that has yet to experience the comprehensive benefit of technology. As a result, it is plague with inefficiency and massive labor shortages. Because of that, Diamond Age is building a genuinely transformative system that will change the buying and building of new production homes forever.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Agora is a company based in San Francisco, CA. Also, a developer of a cloud-based construction management software designed to help contractors in materials management and procurement.

Agora was funded $33 million led the Series B funding round by Tiger Global, with additional critical investments from 8VC, Tishman Speyer, DST, angel investors Jerry Yang, Michael Ovitz, LeFrak, and Kevin Hartz.

The company plans to employ the funds to organize and trace materials, automate manual data entry, and bring all its supply chain stakeholders together upon a single platform for seamless interaction.

Maria Rioumine and Ryan Gibson have founded Agora. To make it easier for commercial trade contractors to order and track materials, automate manual data entry, and give everyone involved in the procurement process a single platform by which they can communicate with each other.

Commercial trade contractors over the US still rely on manual, pen-and-paper methods too often to operate their stocks chains. Service teams are overburdened with manual data entry and must rely on old systems that don’t work with each other. Area teams have no simple way to choose the precise materials they need and track them to delivery. These inefficient processes delayed contractors down and drive to miscommunication, project delays, and massive waste.

Agora’s software resolution is a critical component in decreasing the cost of construction, helping deliver essential projects that empower local communities faster and more efficiently, and reducing materials waste.

During the pandemic, contractors across the country faced severe supply chain disruptions and material price fluctuations. As a result, many turned to Agora to help them manage quotes across different vendors more quickly and lock in prices in advance.

Using the platform does explicitly things like giving contractors the ability to customize templates, create pre-approved materials lists and quickly reorder frequently needed items, order from a catalog that offers more than 400,000 SKUs, and eliminate manual data entry, which reduces errors and automates basic processes.

John Curtius, a partner at Tiger Global, said, That Agora’s platform gives industry-leading knowledge for commercial trade contractors and is a game-changer in improving how construction works. They are passionate about Agora’s strong traction, ridiculous market opportunity, and proven track record of client success.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Lucid Lane is a provider of health services aimed to support people living with medication dependency. The company’s services deal with mental health therapy, pain relief, opioids, and benzodiazepine management. And relapse prevention, thereby enabling patients to reduce their pain and improve mental wellness.

Lucid Lane funded $16 million led by Accel with Battery Ventures, AME Cloud Ventures, Morado Ventures, and strategic angel funding.

The company intends to use the funds on several improvements, including its strong analytics engine that brings personalized and context-sensitive medication and support in real-time. It has also expanded its services to address a broader spectrum of needs.

Millions of people in America are prescribe opioids and benzodiazepines to ease physical pain and mental health challenges.

The problem is comprehensive and complex. However, at its core is the need to consistently combine medical, behavioral, and motivational care to achieve patient freedom from dependence or addiction. Sadly, the current medical system is not set up well to deliver integrated type of care.

Patients, doctors, and payers are all sad with the current results. Yet doctors especially stuck in the middle. As a result, patients with pain demand more prescriptions from their doctors, and regulators and insurance companies pressure them to prescribe fewer drugs.

Lucid Lane provides a solution for patients, doctors, and payers. Lucid Lane has lengthened its services to offer drug reduction management services for people who rely on opioids, benzodiazepines, alcohol, and nicotine and Medication-Assisted Treatment for patients diagnosed with substance disorder specifically for opioids and alcohol.

The technology of Lucid Lanes is enabling its programs to occur in the safest possible environments. Its web and mobile-based application provide remote patient monitoring and allows members to communicate with their dedicated therapists daily. Lucid Lane’s modern analytics engine brings out abounding health signs from patients to evaluate symptoms like depression, pain levels, anxiety, and withdrawal effects and personalize their treatment. In addition, the analytics engine identifies patients who need help and can connect them immediately with an on-call counselor.

This company has grown tremendously in both patients served and overall revenue, reaching the incredible demand for its services last year. As a result, lucid Lane now works with many hospitals, pain clinics, primary care providers, recovery centers, and other specialties in the United States.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Hightouch is a SaaS service that helps businesses sync their customer data across sales and marketing tools based in San Francisco, CA.

Hightouch was funded $12.1 million led by Amplify Partners with contribution from latest investor Bain Capital Ventures and come back investors Afore Capital and Y Combinator. In addition of angel investors such as the founders and CEOs of companies.

The company will apply the new financing to reinforce product growth and innovations that will allow fewer technical business teams to control the power of data in the tools they use daily.

Hightouch established on the idea that every business team—sales, marketing, support, success—needs pertinent, correct, and real-time customer data in the software they use to talk to customers, including CRM, email, and support service.

The data warehouse becomes the source of integrity for all information across a company. Still, the story usually ends there because tooling focused on getting data into the warehouse rather than out.

The data warehouse was always the slow, low-cost datastore that served as a backup for all information over the company. It gives companies security that they do not overlooked information, and it is constantly save.

At present, that data warehouses have gotten faster thanks to products like Snowflake and BigQuery. As a result, companies are beginning to notice they can include the data warehouse as part of their operational workflow.

Kashish Gupta, co-founder of Hightouch said, their vision is to make data accessible and valuable to everyone. Rapid growth is a vital sign that all teams, not just data teams, have an appetite for using warehouse data to power the entire customer data stack. They’re excited to continue to build tools that help every team deliver better experiences to their customers, whether B2B or B2C.

Lenny Pruss, the general partner at Amplify Ventures, said that the cloud data warehouse had become the source of truth for organizations’ data. As a result, they’ve seen an enormous market opportunity appear for a new set of tools that help operationalize and extract value from that data. So to decide to partner with Hightouch was easy. They are convince by their category-defining product, expansive vision, and the quality service of the team.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Guidewheel is a manufacturing tech leader in San Francisco, CA. That cloud-powered FactoryOps, empowering all the world’s factories to digitize their operations and reach sustainable peak performance.

Guidewheel was funded an $8 million Series A funding round led by Greycroft was joined in the round by leading firms, angels funding, and Fortune 500 executives. This company aims to use the new capital to expedite growth, expand the factories to digitize their operations, and reach sustainable peak performance and business reach.

The funding brings Guidewheel closer to its vision of empowering all factories to reach sustainable peak performance. While the world’s most giant factories use complicated systems to optimize efficiency, small and midsize manufacturers often mix the different machine makes models and ages with information in silos that don’t connect. It leaves teams to struggle with manual data entry and bring out fires. Manufacturers commonly lose more than 20 percent of production time as a result, at the cost of over $3 trillion in waste each year.

Mark Terbeek, Partner at Greycroft, said Guidewheel had built the real-time data platform we believe will help create manufacturing. It is a straightforward yet powerful platform that comes when factory performance is critical to survival for manufacturers and the supply chain overall.

Guidewheel’s plug-and-play FactoryOps platform turns the real-time of any machine into a connected, actively learning system for continuous improvement. Actively learning system delegate teams to diminish lost production time, increase output, and improve over time. As a result, groups can lengthen and progress at their own pace—the more they use Guidewheel, the more they get out of it.

Guidewheel platform helps any factory team get to operational excellence quickly, cost-effectively, and swiftly expanded to 100+ plants across Mexico, East Africa, and the USA.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Lightyear, a New York City startup that develops cloud-based software to produce IT services, telecom network infrastructure, and manages service contracts.

Lightyear was funded $13.1 million, led by Ridge Ventures with participation from Zigg Capital and a slew of individual angel investors. This company plans to use the investment to boost hiring and resources development and new product features platform.

The company started in mid- 2019 intending to fix the problems that had plagued enterprise telecom buyers for decades, but they vastly underestimated the scope of the issue ahead of them. Data on serviceability and pricing is hard to come by and frequently inaccurate. The provider universe is in the thousands, and processes across carriers for a quote through renewal are not standardize.

Lightyear has two primary offerings. First, Lightyear’s procuring dashboard allows enterprises to buy telecom network infrastructure services. They are spanning internet and WAN connectivity, collocation services, and voice systems. Second, once contracts signed, Lightyear Manage lets customers oversee implementation, track network inventory, handle carrier issues and automate renewal bidding.

These solutions cover the entire life cycle of services, including configuring a more extensive array of services, assisting in managing the installation of the services, and helping reduce the number of delays and errors in installs.

The good reasons why Lightyear hadn’t successfully built a software business before. It’s their deep appreciation and respect for the problem set ahead of them that has given them attain so much in so little time to date.

Dennis Thankachan, CEO and co-founder, says the company has acquired customers by giving the latest way to procure network resources, which was a significant improvement over manual negotiating. 

Today, Lightyear boasts 500+ vendor relationships spanning the globe and has processed quotes for tens of thousands of services. In addition, they manage millions of dollars of telecom spend for hundreds of enterprise users, including several public companies.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Rootly is a developer and operator of an incident management platform designed to help companies resolve incidents faster by automating manual admin tasks based in San Francisco, CA. A new early-stage startup wants to help by building an incident-response solution inside of Slack.

Rootly funded $3.2 million in seed funding led by XYZ Venture Capital, 8VC and Y Combinator, and several angel fund and individual tech executives.

Funds will expand the Rootly team and accelerate product development as the company continues to add innovative features and extend its product suite.

Rootly’s incident management platform and Slackbot are design to help companies resolve incidents faster by automating manual admin tasks and providing insight to prevent them in the future. This problem has become increasingly important in 2021. Companies such as Slack, Robinhood, and most recently Fastly have experienced headline-grabbing outages, demonstrating that no company is immune to chaotic, manual, and expensive incidents.

Quentin Rousseau, Rootly co-founder, and CEO says that companies’ experience has been exacerbated over the past 18 months as teams have gone remote. As a result, more incidents become harder to resolve, but engineers are trying to fix issues in less than optimal conditions.

The Rootly solution helps SREs connect quickly to their various tools inside Slack, whether that’s Jira or Zendesk or DataDog or PagerDuty. It compiles an incident report in the background based on the conversation inside of Slack around resolving the incident. That will help when the team meets for an incident postmortem after the issue is resolved.

Ross Fubini, the managing partner at XYZ Venture Capital, says that the Rootly team understands the problem at a practical level; they know where all the pain points are. In addition, Rootly’s elegant solution eliminates the need for any company to try to build something similar in-house. No one can do it better.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Microverse is a provider of an online and full-time software development course designed to sharpen IT skills and find jobs globally. It is enabling student coders to become professional remote software developers on a global scale.

Microverse funded $12.5 million led by Northzone with additional participation from General Catalyst, All Iron Ventures, and many angel investors from companies such as Google, GitHub, Spotify, and Eventbrite co-founders Kevin and Julia Hartz also participated.

Edtech startup Microverse new investment is intend to use in increasing their global impact and grow our team.  Also, to help train student coders across the globe through its online school requires zero upfront cost, instead of relying on an income-share agreement that kicks in when student coders find a job.

Microverse started with the idea that while talent is everywhere, opportunities are not. But, as we know, it is changing, and the system requires amazingly skilled technical skills to help us take new challenges in this digital world. The adoption of remote work was necessary, but this past year has accelerated that transition.

They have seen companies transition to fully remote and choose to stay that way, at a dramatically faster step, exposing themselves to the worldwide talent provisions. They are focus on helping talented individuals worldwide prepare for and connect to opportunities in that global market. Microverse has now brought English-speaking students from over 188 countries through its program.

Microverse fully distributed team is currently made up of 20 unique and mission-driven people who have enabled it to get where it is today. However, to support people in every corner of the world and invest in our partnerships, plan, platform, and knowledge model, we need to expand our team.

As they enter this next stage, they have work cut out for them, but they’re excited to continue growing and improving Microverse. They are focus on tripling their school’s size over the next year and a half and will be doing the same with their team. With ambitious global goals, they’re focusing on making joining Microverse possible for more talented people around the world than ever before.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

OROS is an online outdoor apparel platform provider intended to offer aerogel technology-based clothing products based in Portland, Oregon.

The company’s platform sells lightweight coats, snow pants, hats, and gloves developed from NASA technology. Used for space suit insulation, it has made outerwear thinner, warmer, and more flexible to help advance in adventures, enabling users to withstand extreme cold regulate body heat.

OROS funded $14.5 million in Series A funding, led by Elizabeth Street Ventures and Enlightenment Capital with participation from entrepreneur Thomas Tull, the Chairman of Snap Inc. Michael Lynton, and angel funding Brandon Shainfeld, among others.

The received fund would help develop a first-to-market insulation technology to transform advanced thermal materials into technical fabrics. In addition, OROS noted that the facility would convert recycled fibers into “novel thermal performance fiber” and create garments with 3D knitting. The private manufacturing line will also enable OROS to customize machinery, equipment, and engineering processes while consolidating the supply chain to effectively and sustainably scale production.

Jeff Nash, CTO and VP of Product at OROS, said OROS has aspired to convert insulated apparel applying only the best materials and technologies. Some have developed with exclusive access to NASA IP and used for their most demanding applications in space. He has been in the industry for decades, and OROS is completely doing things differently. He strongly believes they are on the cusp of something groundbreaking: recreating insulated products for the industry.

In addition, industry veteran Hap Klopp serves as a board observer. Klopp is best established to take The North Face in 1968 and turn it into an international apparel business that he ran for 20 years.

Klopp said, what energizes him about OROS is its unique approach to building products. They do not imbue OROS with the same principles that traditional outdoor companies hold, such as the idea that broader outerwear means better outerwear. Instead, OROS has changed, owning an entirely new concept that can equate thinness with passion. In addition, the brand’s strength to take an existing idea and flip it on its head is what excites them most about working with them.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Transform is the developer of a data platform design based in San Francisco, CA, to establish and rely upon a single source of truth for critical business metrics.

Transform was funded $24.5 million in Series A financing. The funding includes $20 million and the following $4.5 million — both led by Redpoint Ventures and Index Ventures with participation from dozens of angel investors, including Lenny Rachitsky of Airbnb, Elad Gil of Color Genomics, and Cristina Cordova of Notion.

The new investment will allow them to double their team size this year. In addition, the company will hire incredible technical talent to ensure their product is scalable and reliable, and broadly accessible for every employee.

Businesses rely on metrics and KPIs to align with stakeholders, define company performance, and track outcomes. Unfortunately, establishing a single source of truth for these metrics today is nearly impossible because metric definitions spread across spreadsheets, wiki pages, internal dashboards, or sometimes shoehorned into data pipelines. As a result, teams stuck in disagreements about definitions, ownership, governance, and accuracy, which means analysts end up wasting significant time doing manual work to make sense of it all.

That is why Transform comes in. The first centralized metrics store empowers data analysts to deliver accurate, timely, confident, and fast insights. The metrics store they have built is a centralized repository that sits on top of your data warehouse and enables metrics governance at scale while making data accessible to every other tool in the modern data stack.

The motivation for building the product came to Nick Handel, James Mayfield, and Paul Yang. These are Transform’s CEO, COO, and software engineer — when they all worked together at Airbnb in a blend of roles that included product management and engineering. They saw how it transformed the way teams decided and leveraged metrics for executive reporting, product experimentation, and so much more.

Transform, as the startup, it’s doing so with an impressive amount of early backing. First, it gained investor confidence in these particular founders. Second, it understood a division in the market for, as the company describes it, a specific source of legitimacy for business data that could usefully filled.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.