Growthink Capital Research tracked $2.79 billion in new venture funding in July 2023, compared to the $4.36 billion tracked in June 2023.
The month’s biggest funding event belonged to Smile Doctors ($550 million) a dental support organization (DSO) intended to provide all-inclusive orthodontic treatments to patients helping its patients to get beautiful smiles and attain confidence.
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Three companies raised $100 million or more in July. Other than Smile Doctors, the other two companies that raised the most are as follows:
- Clair ($175 million) an instant pay access technology intended to develop a gig economy enabling human capital management teams to help maintain the financial health of workers.
- Author Health ($115 million) a comprehensive behavioral healthcare platform intended for serious mental illness enabling senior patients to receive virtual and in-person mental healthcare services they need in the setting that is convenient for them.
The hottest sectors for funding during the month were A.I./Machine Learning, Biotech, Healthtech, Cryptocurrency/Blockchain, and Financial Software.
Key funding events in each of these sectors for the month are below:
- A.I./Machine Learning deals included Unstructured ($25 million), Pano ($17 million), Topline Pro ($12 million), Peaxy ($12 million), Akooda ($11 million), CompScience ($10 million), RecruitBot ($8.2 million), Ubicept ($8 million), and Revolear ($6 million).
- Biotech deals included Ossium Health ($52 million), Empress Therapeutics ($50 million), Kincell Bio ($36 million), SURGE Therapeutics ($32 million), CoJourney ($30 million), A-Alpha Bio ($22 million), Verismo Therapeutics ($17 million), and Kayothera ($5.2 million).
- Healthtech deals included RapidAI ($75 million), Octave Bioscience ($30 million), Siphox Health ($27 million), Verifiable ($27 million), K4Connect ($8.9 million), Eureka Health ($7 million), and Fold Health ($6 million).
- Cryptocurrency/Blockchain deals included Futureverse ($54 million), RISC Zero ($40 million), Cosmic Wire ($30 million), Opolis ($6.6 million), and LunarCrush ($5 million).
- Financial Software deals included Collective Hub ($50 million), Jirav ($20 million), Immediate ($16 million), and Finicast ($13 million).
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Take our Fundability Test. If you had additional capital, could you use it to grow your company? Or to fund a liquidity event for you and your shareholders?
We’ve built a unique network of investors looking to invest in companies with the right, key characteristics.
To see if your company has them, take our “Fundability Test.”
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If you’re looking for outside funding to grow your company, please don’t hesitate to call us at (213) 927-3968 or fill out Growthink Capital’s contact form here.
