Goldstein’s Snappy secures $70M in Series C funding

From our Women's PE Briefs - week commencing May 31, 2021

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Rana el Kaliouby and Picard’s Affectiva is set to be acquired

Affectiva, a venture-backed emotion-tracking company founded by scientists Rana el Kaliouby and Rosalind Picard, is set to be acquired. The Boston-based company has agreed to be purchased by Smart Eye for $73.5 million in a cash-and-stock transaction. Affectiva’s investors included Kleiner Perkins, Myrian Capital, Pegasus Tech Ventures, Aptiv PLC, Trend Forward Capital, Motley Fool Ventures and CAC.

Affectiva’s technology senses, models and adapts to human emotion and behavior. Automotive companies are working with Affective to understand drivers’ and passengers’ states and moods. Affectiva’s technology is also used by 28 percent of the Fortune Global 500 companies to test consumer engagement with ads, videos and TV programming. The company was spun-off from the MIT Media Lab. Rana served as CEO while Rosalind heads up the Affective Computing Group at MIT Media Lab.

Ma’s Faculty raises 30M pounds from the Apax Digital Fund

An artificial intelligence company co-founded by Angie Ma lands funding. Faculty raised 30 million pounds from the Apax Digital Fund. The capital will be used to drive the expansion of the London-based company’s “AI as a Service” model.

From helping companies optimize marketing spend and more accurately forecast demand for consumer goods to predicting pressures on the health care system during a pandemic, Faculty’s “AI as a Service” model can be applied to a broad range of problems for both public and private sector organizations. It enables customers to customize AI solutions to their needs with the ongoing training and support that guarantees safe and high-performance AI over the long term. The investment will support the next phase of the company’s growth over the coming years and accelerate its international expansion, as well as its new learning and development program that will help develop technical and commercial talent as the company scales.

Healander’s Airspace Link is set for liftoff

Airspace Link, which was co-founded by Ana Healander, is set for lift off after a funding round. According to TechCrunch, Airspace raised $10 million in Series A funding from Altos Ventures and Thales, with participation from previous investors Indicator Ventures, 2048 Ventures, Ludlow Ventures, Matchstick Ventures, Techstars and Detroit Venture Partners.

Airspace Link is an all-in-one FAA-certified, cloud-based platform simultaneously connecting all constituents involved in legally flying a drone. State and local governments use the Airspace Link portal to define areas of risk, special ordinances, and event restrictions within the community. Drone pilots plan and submit operations to the FAA through Airspace Link, enabling faster approvals and a stronger mitigation plans for complex flights.

The Detroit-based company anticipates using the additional funds to expand its domestic offering and expand overseas, integrating with as many transportation groups as possible.

Ana has more than 13 years of experience as a co-owner, franchise manager and operator at Metal Supermarket, which started as a small 2-person business and grew into a profitable business that was eventually sold.

Kazamias-led TRSM agrees to purchase Anglocom

Traductions Serge Bélair, Inc., a private equity-backed supplier of translation services led by Mary Kazamias, says yes to a purchase. Terms of TRSB’s acquisition of Anglocom were not disclosed. Anglocom provides French and English translators for corporate communications. TRSB is a portfolio company of HKW.

Sankar’s Atlan raises $16M in Series A funding

A company co-founded by Prukalpa Sankar secures funding to build a data collaboration platform for data teams. Atlan raised $16 million in a Series A round led by Insight Partners, with participation from angel investors, as well as existing investors Sequoia Surge and Waterbridge Ventures.

Based in New York, Atlan started out as an internal project at data for good firm, SocialCops, and was incubated across more than 200 data projects, including India’s National Data Platform used by the Prime Minister. The company has grown rapidly and is currently used by teams at large enterprises like Unilever and Scripps Health as well as high growth startups like Postman. The funding will help develop the company’s data collaboration platform.

Weiss-led Lydus Medical secures $2.7M in funding

Investors pump capital into an Israeli medical device that is led by Jessica Weiss and is focused on ensuring safe cardiovascular, transplant and reconstructive microsurgeries. Lydus Medical secured $2.7 million in Pre-A funding led by an unnamed strategic player with the participation of Sanara Ventures, Mor Research, Technion, Glenrock and existing shareholders.

Based in Ra’Anana, Israel, Lydus developed the Vesseal, a device that enables precise, symmetrical and rapid connection of blood and lymph vessels of tiny diameters for complicated procedures. In a statement, Jessica said, “Lydus technology delivers standardized, accurate anastomosis, significantly improving clinical results, shortening operation time and enabling successful microsurgery procedures even when a rare, highly skilled microsurgeon isn’t available.”

This funding will support the company’s ability to accelerate FDA clearance while scaling product development and prepare for market entry.

Sanara is a health care investment platform for innovative startups, comprising an Israeli Innovation Authority backed incubator and global giants Philips Healthcare & Teva Pharmaceuticals.

Hui-led IntoCare raises $15.6M in Series D funding

A Chinese medical technology company led by Zhang Hui secures capital. IntoCare raised 100 million RMB ($15.6 million) in a D Round financing led by Qiming Venture Partners with participation from Oriza Holdings, Oriza Fund of Funds and YuanBio Venture Capital.

Based in Suzhou, China, IntoCare is focused on the manufacturing and commercialization of surgical instruments and is a pioneer in providing powered surgical staplers for surgical operations. The proceeds from the new round will be used for product R&D, clinical research, marketing promotion and the launch of new offices and production sites.

In a statement, Zhang said, “since its inception, IntoCare has always been committed to helping doctors better serve patients in China and globally with excellent and innovative products. In the past six years, IntoCare, with its ‘Made-in-China’ products, has reversed the world’s impression of Chinese surgical products. At present, the company’s self-developed Powered Stapling Platform has been at the forefront of the world and has been unanimously recognized by the industry. In the future, IntoCare will continue to uphold the ‘insight into demand’ spirit and ‘self-development and innovation’ creeds, and provide more products with intelligence, safety, efficacy, and efficiency to serve the doctors and patients, and become a leading world-class enterprise.” 

Peled’s Laguna Health raises $6.6M to improve post-hospital recovery

A company co-founded by Yael Peled raises capital to improve post-hospital recovery. Laguna Health received $6.6 million in seed funding from Pitango HealthTech, LionBird and several angel investors.

Based in both Tel Aviv, Israel and San Francisco, Laguna uses data, digital care tools and behavioral health interventions to reduce negative outcomes that can lead people back to the hospital. Laguna’s recovery platform fuses data, digital care tools and proven behavioral health interventions to radically reduce negative outcomes, including lost productivity, mental health issues, substance use disorder or misuse and readmissions.

Yael previously co-founded Vim, which is building digital infrastructure for U.S. health care, and served as chief product officer at Bond, an e-commerce company.

The new funding will be used to build out Laguna’s clinical and operations teams in the U.S. and Israel.

Goldstein’s Snappy unwraps additional capital

Snappy, a corporate gifting site co-founded and led by Hani Goldstein, unwraps additional capital. The New York company secured $70 million in Series C funding from GGV Capital and existing investors 83North, Saban Ventures and Hearst Ventures.

Snappy is focused on providing corporations with creative ways to reward employees. Corporations using the platform are able to allow their employees to choose from a curated collection of personalized options. Customers include Microsoft, Adobe, Comcast and Uber. More than 1 million gifts have been sent through the site over the last six months. Among the offerings, which range from $15 to more than $1,000, are cooking and yoga classes, global getaways, as well as such products as Amazon’s Echo Dot and drones. Hani founded the company in 2015 with Dvir Cohen.

Keng’s Breinify secures $11M in funding

Investors deliver capital to an artificial intelligence company co-founded and led by Diane Keng which helps enterprises create personalized digital experiences. Breinify secured $11 million in a funding round led by Gutbrain Ventures and PBJ Capital, with participation from Streamlined Ventures, CXO Fund, Amino Capital, Startup Capital Ventures and Sterling Road.

Through its AI-powered personalization platform, San Francisco-based Breinify democratizes data science and allows enterprises to harness the power of data science and predictive personalization without a team of data scientists. The funds will be used to triple down on go-to-market execution, meet the increase of market demand, support customer growth and expand product features.

Prior to forming Breinify in 2015, Diane held roles with Symantec and Apple.

Novorol’s Ada Health raises $90M in Series B funding

Investors pump additional capital into a German company co-founded by Dr. Claire Novorol that is helping people manage their health. According to TechCrunch, Ada Health secured $90 million in a Series B round led by Leaps by Bayer, with participation from Samsung Catalyst Fund, Vitruvian Partners, Inteligo Bank, F4 and Mutschler Ventures.

Based in Berlin, Ada has created an AI-driven app that helps individuals check their symptoms and discover what might be causing them. The funding will be used to help the company expand deeper into the U.S., improve the company’s algorithms, add to its medical knowledge base and offer it in more than 10 languages.

Claire is a trained doctor and served as a pediatrician in London before specializing in clinical genetics, and now oversees all of Ada’s medical affairs and gives a voice to clinicians, patients and doctors.

Fowler sells Creative Educational Concepts to KnowFully

Creative Educational Concepts’ founder Joni Fowler has sold her continuing medical education provider to a private equity-backed company. Terms of CEC’s purchase by KnowFully Learning Group were not disclosed. Joni, however, will continue to lead the CEC division at KnowFully. She founded CEC in 2000.

Radnor, Pa.-based KnowFully provides continuing professional education, exam preparation courses and digital learning solutions to the accounting, finance and health care sectors. It is backed by NexPhase Capital, LP.

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