Concure Oncology Funded $2M to Innovate the Breast Cancer Treatment

Cancer

Startup Concure Oncology in Mercer Island, Washington. The mission is to ease the burden for women facing early-stage breast cancer by providing an innovative new kind of radiation treatment option.

Concure Oncology was funded $2 million in capital to use the funds to grow its company and train new clinicians to bring this treatment option to even more women.

Said Scott Armstrong, CEO of Concure Oncology. This funding can build out their team and give women who have breast cancer a better and more effective form of treatment as they move forward.

Breast Microseed Treatment is a radiation therapy technique for early-stage breast cancer patients. Also known as low-dose-rate brachytherapy, based on a similar method proven successful in treating prostate cancer. This procedure, also known as low-dose-rate brachytherapy, is based on a matching process established to treat prostate cancer successfully. What identifies this treatment from regular radiation therapy is that it allows post-lumpectomy patients the chance to have a one-time, one-hour procedure. The more burdensome conventional radiation may last from three to six weeks and require daily visits to a radiation facility.

After a tumor removed, the procedure involves placing small titanium seeds filled with radioactive palladium in the patient’s body where cancer applied. These seeds, which are the size of a rice grain, release a short measure of radiation in the former tumor area, killing any cancerous cells that remain and preventing new ones from growing. Once entirely removed, the seeds become inactive, with no radioactivity remaining.

Scott Armstrong said this financing speaks to the excitement and momentum they have seen for this truly groundbreaking type of breast cancer therapy.

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.

Perch Funded $123.5M to Accelerate Quality Brands and Expand its Platform

Brands

Perch based in Boston, MA. This company is a technology-enabled consumer quality brands that acquire and operate Amazon Marketplace businesses to win products in their respective categories.

Perch was funded $123.5 million in a new round of financing. Spark Capital led the funding with participation from past investor Tectonic Ventures and new backer Boston Seed. Perch intends to use the capital mainly to acquire category-leading products and companies, make out its core team, and invest in its technology platform.

Third-party sellers are growing gross revenue at a rate greater than 50% in 2020. Yet, even though 86 percent of third party sellers are profitable, there are often limited options and resources available for these entrepreneurs to take their products to the next level. That’s where Perch comes in. Perch acquires high-quality consumer products and brands that have a steady history of strong customer reviews. They are consistently one of the top products within their category and demonstrate the opportunity for continued growth.

Said Chris Bell, the CEO of Perch; they currently count women’s athleisure brand Satina, kitchenware from Flathead and Aulett and others, health and personal care brands among its stable companies. There are just ten on the platform today. The funding is getting on the back of success and ambitious plans to grow 50 by the end of 2021, eventually hundreds or thousands of brands.

Bell adds that technology is the most crucial part of our model because some 40% of the startup’s team works on its platform, which is used to onboard. Eventually, thousands of brands at scale in an e-commerce-native environment.

The platform helps run analytics on sales, determine pricing and ad strategy, inventory positioning, and other marketing decisions. Longer-term, it will also use to help figure out how to sell and balance products on social and retail channels.

Said Alex Finkelstein, General Partner of Spark Capital. The Perch team has the M&A, eCommerce, and Amazon experience to know what makes a quality and scalable consumer product and take those products to the next level post-acquisition. Moreover, they exceed excited to begin this round because Perch is already off to a solid start. Given the booming eCommerce market, he expects they will continue to see record numbers and added acquisitions this year.

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.

Yotascale Funded $13M for Next Cloud Innovation

Cloud

Yotascale, a Menlo Park, CA-based the industry leader in next-generation cloud cost management software, was funded $13 million for its Series B round funding.

The round was led by Felicis Ventures’ Aydin Senkut, with existing investors’ participation in Crosslink Capital, Pelion Ventures, and Engineering Capital. This funding intends to continue to expand operations and its business reach.

When you encountered a startup, you don’t go out and purchase a rack of servers. And you don’t produce an in-house data center team. Instead, you spread out your infrastructure needs to the major cloud platforms, namely Amazon AWS, Microsoft Azure, and Google Cloud.

That’s all fine, but any startup’s cloud setup will become more complex, varied, and perhaps multi-provider over time. Start in microservices, and one can turn up with significant confusion and an even higher bill. That’s the difficulty that Yotascale wants to beat.

Most startups they expand, so too does their outflow of dollars to the major tech companies. So paying less on AWS or Azure would be best for startups.

Yotascale wants to be the supporter for many companies to understand and attribute that spend to the right part of their platform or service, perhaps reducing aggregate spend at the same time.

Yotascale’s software provides engineering teams, the subject matter experts, for their cloud workloads and applications. Complete visibility of cloud costs, making more cost-effective decisions, and independently validating planned usage for faster buying cycles increased savings of 50%.

Yotascale’s next-generation approach to cloud cost management provides three pillars for a genuinely collaborative, optimized framework: unified cost management, joint cost optimization, and predictive capacity planning. Yotascale’s solution focuses on understanding cloud spend seamlessly and builds trust with engineering teams. Not just providing piecemeal reports requiring manual administrative configuration and sealed communications.

Yotascale has widely adopted industry-wide by leading fortune 1000 companies globally, such as Zoom Video Conferencing, Hulu, and Doordash, driving its revenue growth year over the year.

According to Aydin Senkut, founder and managing partner at Felicis, Yotascale provides complete visibility and significant savings and allows for accurate cost attribution, including usage of microservices. That’s why they are pleased to be a partner and to invest with Yotascale on their journey.

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.

A2 Biotherapeutics Funded $71.5M for Clinical Development Tumor Cell Platform

Biotherapeutics

Agoura Hills, California based A2 Biotherapeutics is a biotechnology company developing innovative cell therapies for stable tumor cancer patients, was funded $71.5M Series B financing.

The investors in this financing are The Column Group, Vida Ventures, Samsara BioCapital, Nextech Invest, Casdin Capital, Euclidean Capital, UC Investments, and Hartford HealthCare Endowment. The fund will proceed to the advancement of its Tmod (T-cell module) platform and the clinical development and in-house manufacturing of its three near-term product candidates.

A2 Biotherapeutics, established in 2018, is an entirely integrated discovery, development, and manufacturing organization that is applying its cell therapy Tmod platform for the treatment of solid tumor cancers.

Said Scott Foraker, the CEO of A2, is the first company to create vital engineered T cells that can combine two signals to harness the incredible power of immune cells to attack tumors that have lost specific genes while sparing normal cells whose genomes are intact.

Tmod design and proof-of-concept paperwork explain the Tmod dual-targeting system and demonstrate its ability to recognize and selectively destroy tumor cells that have lost expression of defined target molecules.

Tmod provides a practical solution to cancer research’s two significant problems: distinguishing tumor vs. normal cells and accessing new cancer targets. The Tmod platform can provide many products using various activator/blocker combinations.  By allowing these combinations, the Tmod platform has the potential to treat nearly all solid tumor cancers.

A2 has an accomplished team of previous Amgen and Kite Pharma drug and cell therapy developers to fulfill these vast potential therapies. Said Alexander Kamb, co-founder of A2, they have first-rate discovery scientists who can deliver on pioneering cancer programs and technology. Professional development and manufacturing staff allow us to innovate on both sides of the cell-therapy product—the Tmod target/receptor system and the T cells.

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.

ButterflyMX Funded $35M for New Smart Intercom Systems

Intercom

New York-based company ButterflyMX a smart intercom creator, a secure and convenient smartphone-based technology, was funded $35 million in a growth equity round.

This newest round was led by Volition Capital, with support from Egis Capital, RiverPark Ventures, and Stifel Venture Bank. As part of the financing, Roger Hurwitz and Robert Chefitz of Volition Capital and Egis Capital will join ButterflyMX’s board of directors.

A company spokesperson said that the fresh capital would expand into new markets, hire on 80 new employees by 2021, and introduce products that extend ButterflyMX’s intercom experience from the front door to the rest of the building.

The company started in 2014. Their mission is to let people open and manage doors from a smartphone. ButterflyMX does design to eliminate the unnecessary building wiring and in-unit hardware that comes with common video intercoms, significantly reducing installation costs for property owners and developers.

ButterflyMX enables easy property access control from anywhere at any time. With ButterflyMX, tenants enjoy seeing, speaking, grant building access to visitors via their smartphone, and building staff benefit from simplified property operations and management — allowing their teams to focus on higher-value tasks rather than managing and granting property access.

Cyrus Claffeey, the founder of ButterflyMX, said, Their smartphone-based platform does build to provide a better living and working experience by solving the access challenges associated with modern properties. Their products also simplify building staff by enabling them to focus their time effectively and efficiently, which has never been more important.

He is also thankful to their investors that allowed them to continue to develop products and services that help the real estate world move away from antiquated keys, fobs, and keycards for managing property access.

ButterflyMX is installed in more than 4,500 properties across the U.S. and internationally. It has adopted in buildings developed, owned, and operated by the most trusted names in real estate, including Greystar, AvalonBay Communities, Bozzuto, CA Ventures, Lennar, Lincoln Property Company, and Equity Residential.

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.

Veem Funded $31M to Widen the Payments Network Globally

Payments

Veem, a San Francisco, CA-based the fast-growing global payments network built for businesses, was funded $31 million Series C round financing.

Truist Ventures led the round. With the global investor base’s participation, MUFG Innovation Partners Co. Ltd., the largest bank in Japan, AB Ventures, Arab Bank, Paper Excellence, and Myer Family Investments.

It also included the existing investors, GV (formerly Google Ventures), Goldman Sachs, Kleiner Perkins, Silicon Valley Bank, National Australia Bank Ventures, and Trend Forward Capital.

This investment intends to use the funds to develop a robust channel partner program that will widen its geographic presence and expand its product suite.

The B2B payments network is booming right now so that the company’s self-described mission to become the “Venmo for businesses,” as it helps companies send and receive money internationally with its online wire-transfer service.

Veem is proliferating. Currently, about 225,000 businesses send and receive money in more than 100 countries using Veem’s platform. This company licensed and regulated in each country and state it serves, and it supports over 50 currencies. Secure, trackable transactions combined with seamless integrations with business applications such as QuickBooks, Xero, and NetSuite, enable firms to save time and money while mitigating risks associated with international funds transfers.

The statement of Vanessa Vreeland, head of Truist Ventures, inspires Veem’s management because they can resolve a critical pain point for small- and medium-sized businesses by their group of innovators and visionaries team. They are excited about the investment and the future opportunities it may bring. Veem’s strategic approach and commitment to constant improvement align well with how Truist sees technology’s role in shaping the client experience.

Said Marwan Forzley, the CEO of Veem, This funding round marks an important milestone for their company, putting them in an ideal position to build out their channel partner program and prepare for Veem’s next stage of global growth. Their channel partner network serves as their vehicle to better commercialize their product offering and further expand its market development efforts.

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.

Seegrid Funded $52M for High Demand of Industrial Vehicles

Demand

Seegrid Corporation, a Pittsburgh, PA-based the leader in self-driving industrial vehicles for material handling. As the demand for automation in supply chain operations continues to grow, so have investments in mobile robots’ suppliers.

Seegrid was funded $52 million was led by G2VP with participation from technology and robotics investors. The company plans to use the added capital to increase the size of its workforce to deliver best-in-class automation solutions for its customers and also will accelerate new product development and new product introductions. Seegrid also is considering potential strategic acquisitions.

Founded in 2003, Seegrid has created two vision-guided vehicles (VGVs) capable of moving materials in warehouses and manufacturing sites entirely autonomously. The company has two vehicles on the market a pallet truck and a tow tractor—these vehicles outfitted with stereo cameras and machine learning smarts. The VGVs created to “see just like humans do,” allowing them to navigate dynamic environments without additional infrastructure installation.

Seegrid CEO Jim Rock said they would expect to double revenues again this year and are seeing increased customer demand as the pandemic is driving many companies to greater use of automation across the material handling industry.

By this investment, they will continue to grow their market share, solidify their position as the market leader, and further disrupt the manufacturing, warehousing, and logistics industries.  Moreover, most importantly, the continued support from G2VP and its new investors enables to accelerate new product innovations and address customer needs in this rapidly changing climate.

Several of the world’s largest manufacturing and distribution brands believe Seegrid’s vision guided vehicles (VGVs), fleet management software, and industry-leading services teams to drive them forward, not only assisting with their manufacturing, distribution, and e-commerce fulfillment needs but making facilities safer and more productive.

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.

Biofourmis Funded $100M for Developing AI Therapeutics Solutions

AI

Biofourmis, based in Boston, Massachusetts, which combines AI-based data analytics and biosensors to monitor medical treatments’ progress, has raised funding from one of the world’s most high-profile investors.

Biofourmis was funded $100 million Series C financing led by SoftBank Vision Fund, with participation from old investors Openspace Ventures, MassMutual Ventures, Sequoia Capital, and EDBI.

This company plans to use the investment to develop and bring to market new digital therapeutics solutions across cardiology, respiratory, oncology, and pain, focusing on the United States and key Asian markets, including the Asia Pacific, China, and Japan.

The company has built Biovitals®, personalized AI-based health analytics, and wearable sensors to improve healthcare providers’ gauge patient development and the effectiveness of drugs and other treatments. Including heart failure, oncology, infectious disease (i.e., COVID-19), chronic pain, acute coronary syndrome, and COPD.

Kuldeep Singh Rajput, Biofourmis CEO said, the pandemic today is pushing remote monitoring and digital therapeutics to the forefront of medicine. That’s why their vision is to utilize digital medicine to empower patients, clinicians, and researchers everywhere by giving software as a medication for patients with unmet clinical needs, from post-acute care to optimize medication therapy.

With this new funding, they will accelerate their global development, improve our digital therapeutics pipeline, develop additional care pathways, and drive beneath integration with their health system, hospital, pharmaceutical, and clinical research clients and partners.

Said Greg Moon, the SoftBank Investment Adviser partner, believes imminent health is the future of medicine, and Biofourmis is a leader in applying AI and machine learning-based solutions to advance digital therapeutics. And they also are excited to partner with Biofourmis and support its mission of using AI and wearables data to enable personalized care.

In combination with the Series C financing statement, Biofourmis has stated an order of its internal operations to enable deeper integration with clients and partners and support ongoing innovation. They will continue to drive evolution toward a more personalized and predictive remote care delivery method that patients prefer, enabling better outcomes.

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.

Startup Fox Robotics Funded $9M Automated Forklifts

Robotics

The pandemic now is understandable, proving to be a significant driver for robotics and automation adoption. The already hot categories prove to be also more appealing as companies look to technology amid the measure of a deadly and highly contagious virus. Warehouses and satisfaction centers are, naturally, a big category for funding.

Startup Fox Robotics an Austin, Texas-based maker of self-driving forklifts that automatically unload trailers. Fox Robotics was funded $9 million series A round funding led by Menlo Ventures, one of the most valued venture capital firms in Silicon Valley, and the addition of Mark Siegel, partner at Menlo Ventures. With support from previous investors Eniac Ventures, La Famiglia, SignalFire, Congruent Ventures, and AME Cloud Ventures.

Since Fox Robotics’ first pilot last October, customer demand has consistently outstripped our production capacity.  These funds will allow them to grow our engineering, production, and customer support teams to deliver more robots more quickly while keeping them happy and productive.

Fox makes self-driving forklifts that are more flexible, more capable, and safer than current AGV’s. Fox’s forklifts can tackle challenging tasks that no other automation can handle, such as unloading trailers without modifying the warehouse environment.

Mark Siegel, Partner at Menlo Ventures, said they are proud to back their team at Fox Robotics. Because this company’s value proposition is clear, its full-stack solution for self-driving forklifts that can increase workplace productivity 200 to 300 percent brings enormous efficiency to the supply chain.

Fox’s forklifts use modern AI for real-time detection of pallets, trailers, and obstacles and do not need pre-programmed fixed locations. They use sensors and dynamic planning to plan routes on the fly and do not require hand-drawn or memorized routes.

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.

Startup Gaming Investment $60M Funded by March Capital

Startup Gaming

March Capital funded $60 million the March Gaming Fund led by Managing Partner Gregory Milken. This fund focused on boosting startup gaming companies. It will seek to invest in seed and series A entrepreneurs who are developing game content, technology, and infrastructure.

March Capital Partners is a venture funds firm that supports entrepreneurs in pursuit of essential outcomes. Based in Santa Monica and funding globally, March invests in tomorrow’s market-leading businesses.

This company plans to lead approximately 12-15 seed & series A investments in gaming and provide connections and supervision to entrepreneurs in this field.

March Gaming has already invested in sports games specialist Nifty Games and mobile developer Knock Knock. Meanwhile, March Capital has previously funded live streaming tech provider Genvid Technologies and League of Legends esports team Immortals Gaming Club.

Said Gregory Milken, the Managing partner of March Capital, has long invested in gaming; they realized that they had a subset of investors and constituents who were very interested in games. They decided to dedicate a fund just for gaming investments and use our unique expertise and evaluation capabilities to capitalize on this opportunity.

Gregory Milken’s background and success documented in the gaming industry, personally invested in Small Giant Games acquired by Zynga. A former entrepreneur and operator, Milken is a life-long passionate gamer who will lead the fund and provide counsel and insights to gaming entrepreneurs.

Before his work in technology, he was SVP, Strategy Planning, and Operations for Knowledge Universe Education. He served in different business development at Warner Bros. in Hong Kong, London, and at Twentieth Century Fox.

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.