Weekly Roundup - Week 22, 2024

Jun 3, 2024

27/05/2024 - 02/06/2024

This is a weekly feature that recaps the week's funding rounds for B2B SaaS companies. 

Last week had some interesting fundraises with almost a lot of Seed and Series A funding rounds. There are many AI based startups as well, and we have listed them all. Dive in to learn more.

Intelligent AI, $1 Million, Venture - Series Unknown

Intelligent AI accelerates customer engagement with AI solutions for insurance and local government. It’s a developer of a platform for risk underwriting management that promises to lower claims for business interruption and global business risk. Cornwall & Isles of Scilly Investment Fund are the lead investors.


DataHow, Series A

DataHow is a technology company specializing in bioprocess data analytics and modeling that believes that data and smart, digital technologies will transform bioprocess development and manufacturing. Their flagship platform, DataHowLab, integrates hard-coded process knowledge with AI-driven algorithms to provide process engineers with deeper insights and enhanced capabilities for developing and manufacturing complex bioprocesses. They raised Series A on May 28, 2024, with Momenta as their lead investor.


StructureFlow, $6 Million, Series A

StructureFlow is an IT company that provides legal, finance, and corporate teams to create professional, data-rich structure diagrams. StructureFlow has raised a total of $9.68 million in funding over 2 rounds. Their latest funding was raised on May 30, 2024, from a Series A round. Their lead investor is FINTOP Capital.


EthonAI, $16.5 Million, Series A

EthonAI is an AI-powered platform that detects and prevents quality defects in manufacturing. EthonAI has already garnered a diverse customer base, including Fortune 500 companies and industry leaders like Siemens Smart Infrastructure and Lindt & Sprüngli. Their latest funding was raised on May 30, 2024, from a Series A round. Their lead investors are Index Ventures.


Growdash, $1.8 Million, Seed

Growdash is a business intelligence and analytics tool built specifically for restaurants to support profitable growth strategies. Growdash has raised a total of $2.6 million in funding over 2 rounds. They were funded by Oraseya Capital, Oryx Fund.


Firefly, $23 Million, Series A

Firefly, a Tel Aviv, Israel-based startup that provides cloud asset management with its infrastructure as a code solution, raised $23 million in Series A funding. The company will use the funding to expand its capabilities and market presence. Vertex was their lead investor. 


Kintsugi, $6 Million, Series A

Their cloud-based platform automates the entire sales tax life cycle across all sales channels - from calculations and nexus tracking to reporting and filing. They raised $6 million in a Series A funding at a $40 million valuation.  The round was led by Link Ventures.


Novel, $15 Million, Pre-Series A

Novel specializes in providing innovative solutions to support tech entrepreneurs in funding and growing their businesses. Its Capital Intelligence platform leverages AI and real-time data to equip founders with non-dilutive capital and essential tools for optimizing their capital stack. Their lead investors are IGNIA Ventures and Ulu Ventures.


Zefi.ai, $1.7 Million, Pre-Seed

Zefi.ai, a Turin, Italy-based startup on a mission to change the way software is built empowering product teams, raised €1.6 million in pre-seed funding. The round was led by 360 Capital and 14Peaks Capital 


AbleCredit, $1 Million, Pre-Seed

AbleCredit is your friendly, supportive credit assistant. It generates Credit Appraisal Memos based on your policies, without any human intervention. AbleCredit uses AI to develop generative models with voice, vision, and language capabilities, functioning as an AI assistant for the credit team to generate comprehensive credit reports in line with policies. Merak Ventures are their lead investors. 


From AbleCredit getting a million in Pre-Seed to a $23 Million in Series A by Firefly, here’s a roundup of the week. Stay tuned to see what’s in store for our next week’s roundup. 


Written by Angelin Bershiya - Marketing Intern