Seed Weekly — Smaller rounds across the board this week
I hope everyone is healthy and continuing to pursue deals throughout these turbulent times.
Brilliant companies have always been built amidst macro uncertainty, and this time is no different.
Without further delay, highlights of this weeks funding rounds:
- 🇬🇧 Synthesized saw a nearly $3m round backed by Seedcamp and others. The company produces synthetic data (using AI) in order to maintain its functionality whilst safeguarding its sensitivity.
- 🇬🇧Culture Shift raised $1.6m for its platform that enables workers to confidentially report workplace harassment.
- 🇮🇳 FamPay was backed by Y-Combinator, GFC and Sequoia Capital India for its GoHenry-esque prepaid card for teens.
- 🇸🇬 Sama raised just over $1m from Collaborative Fund and Antler for its recruiting platform for Migrant workers.
Figures this week:
Funding rounds covered:
10
Countries covered:
6
Largest round:
$4,700,000
Estimated funds raised:
~€23,000,000 (not all covered below)
Categories & countries:
Most rounds:
🇮🇳 India
Largest Round:
🇮🇳 FamPay $4,700,000
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Edition 23 will be published Tuesday 24th March
🇮🇳India — $7.2
FamPay
Raised: $4.7m (Seed)
Category: Financial Services, Lifestyle, Payments, Software
Description: FamPay is India’s first payments app for teenagers and their families. With FamPay, minors can do UPI, P2P and card payments without the need to set up a bank account. FamPay allows parents to send money to their kids below the age of 18, which they can spend securely any time, anywhere, under parent’s supervision.
Investors: Sequoia Capital India, Y Combinator, Global Founders Capital and others.
Location: Bengaluru, India.
Karbon Card
Raised: $2m (Seed)
Category: Financial Services, FinTech, Payments, Software
Description: Karbon Card is a financial platform for Indian entrepreneurs. Corporate cards for high-growth companies.
Investors: Indian Founders and Angels.
Location: Bangalore, India.
Raised: $520k (Seed)
Category: Robotics, AI, B2B, Logistics, Supply chain Management.
Description: Unbox Robotics enables logistics players to automate and improve their package sorting process through an AI-powered parcel sorting robotic system. The company claims it can be installed 10X faster, save 50+% space and improve productivity by more than 5X.
Investors: SOSV, Entrepreneur First and others.
Location: Bangalore, India.
🇬🇧 United Kingdom — $4.5m
Synthesized
Raised: $2.8m (Seed)
Category: Artificial Intelligence, Machine Learning, Software
Description: Synthesized’s software uses AI to learn the structure of original data and simulate practically useful new data points, thus unleashing data’s full potential whilst protecting people’s privacy.
Investors: Seedcamp, IQ Capital and Pretiosum.
Location: London, England, UK.
Culture Shift
Raised: $1.6m (Seed)
Category: Artificial Intelligence
Description: Culture Shift is a technology company that has created a platform for people to confidentially and safely report workplace harassment.
Investors: Pratura Ventures
Location: Stockport, England, UK.
🇮🇱 Israel — $4.5m
Superwise.ai
Raised: $4.5m (Seed)
Category: Application Performance Management, AI, Big Data, Machine Learning
Description: Superwise.ai enables business and operational teams to take ownership of the health of their AI environments. Its AI Assurance platform includes AI performance management, bias detection, explainability and AI analytics capabilities.
Investors: F2 Capital and others.
Location: Tel Aviv, Israel.
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🇩🇪 Germany — $2.2m
iATROS
Raised: $2.2m (Seed)
Category: Artificial Intelligence, Health Care, Internet of Things, Machine Learning, Software
Description: iATROS allows healthcare providers to utilize smart health trackers in patient care by combining the permanently gathered vital data with advanced AI analytics and medical expertise to help with diseases such as high blood pressure, atrial fibrillation, heart failure or coronary heart disease.
Investors: High-tech Grunderfonds and others.
Location: Bonn, Germany.
🇳🇬Nigeria — $1.5m
Youverify
Raised: $1.5m (Seed)
Category: Developer APIs, Identity Management
Description: Youverify is a data aggregation and acquisition company that is on a mission to solve identity challenges in developing countries.
Investors: Orange Digital Ventures and others.
Location: Helsinki, Finland.
🇫🇷 France — $1.5m
Beeldi
Raised: $1.5m (Seed)
Category: Artificial Intelligence, Hardware, Information Technology, Software
Description: Beeldi is a mobile app solution intended to assist auditors in collecting field data, with the aim of making it as reliable, up-to-date and complete as possible. From the gathered data, Beeldi automatically generates maintenance or renovation action plans for the building.
Investors: Kima Ventures and Starquest Capital.
Location: Paris, France.
🇸🇬 Singapore — $1.1m
Sama
Raised: $1.1m (Seed)
Category: HR, Recruitment, Software
Description: Sama is building a digital recruiting platform for migrant workers.
Investors: Collaborative Fund, Antler and others.
Location: Singapore.
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