Startup Funding: March 2021
Self-driving vehicles revved up investors in March, with two companies receiving over $200M apiece as they prepare for their systems to enter mass production. One focuses on software for passenger vehicles, while the other is looking to autonomous trucks. Both of the companies received investment from automakers, with China’s largest carmaker SAIC joining each of the funding rounds. It was also a good month for startups making chips for AI acceleration, with four companies from seed to Series D stages raising funds. Plus, two companies are looking to shake up the memory and storage space with some unique solutions. This month, we take a look at 24 startups that collectively raised over $1.3B.
Moov shifts HQ from California to Arizona amid global battle for chips
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Moov adds $2M in funding from Mark Cuban, NFX, and Flatiron Health Founders Nat Turner, Zach Weinberg
Global marketplace for pre-owned semiconductor manufacturing equipment aims to help solve global chip shortages
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SAN FRANCISCO, March 3, 2021 /PRNewswire/
Moov, a data-fueled marketplace for used manufacturing equipment, today announced a $2M strategic investment from VC firm NFX, Mark Cuban, Nat Turner, and Zach Weinberg, co-founders of Flatiron Health, and other strategic angels. This additional investment extends Moov s seed financing total to $4.4M, after an oversubscribed seed round last year, led by NFX with investment from Tencent co-founder Jason Zeng s Decent Capital, David Adelman s Darco Capital, Great Oaks Venture Capital, and other notable angel investors.
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David Energy Secures $19 Million In New Financing To Launch A New Kind of Electricity Supplier
BROOKLYN, N.Y. (Feb. 9, 2021) David Energy, a new kind of electricity supplier, today announced the close of $19 million in new financing. The new capital includes a $4.1M Seed round led by Equal Ventures and a $15 million working capital facility from Hartree Partners, a global merchant commodities firm specializing in energy and its associate industries. Additional seed investors include Operator Partners, Box Group, Greycroft, Sandeep Jain and Xuan Yong of RigUp, returning angel investor Kiran Bhatraju of Arcadia, and Jason Jacobs’ recently launched MCJ Collective, an early-stage climate tech fund.
Round: Series B
Description: Vise is an AI-driven portfolio management platform built and designed for financial advisors. Founded by Runik Mehrotra and Samir Vasavada in 2016, Vise has now raised a total of $63.0M in total equity funding and is backed by investors that include Founders Fund, Sequoia Capital, Great Oaks Venture Capital, Bling Capital, and Zach Weinberg.
Investors in the round: Allen & Company LLC, Founders Fund, Greenoaks Capital, Michael Ovitz, Nikesh Arora, Sequoia Capital
Industry: Artificial Intelligence, Financial Services, FinTech
Founders: Runik Mehrotra, Samir Vasavada
Founding year: 2016
Total equity funding raised: $63.0M
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