Sparing Vision raises $75M to tackle hereditary retinal diseases

Plus: Prolific Machines raises $42M to develop cell-based meat

Inside.com Part of   Network September 15, 2022

Presented by

SparingVision has raised a $75M Series B. The company is based in France. More: The round was co-led by Jeito Capital and the University of Pittsburgh Medical Center Enterprise with participation from Ysios Capital, 4Bio, Bpifrance, and the RD Fund. SparingVision is a biotech company that develops genetic therapies for ophthalmological purposes, specifically hereditary retinal diseases that can cause blindness. The company aims to use the funds to develop a treatment for a condition called retinitis pigmentosa. This condition is one of the leading inherited causes of blindness today.

Prolific Machines has raised $42M in a Seed and Series A fundraise. The Seed round was led by Arvind Gupta, while Breakthrough Energy Ventures led the Series A. More: Other participants include Mark Cuban, David Rubenstein, Michael Rubin, Breyer Capital, The SALT Fund, Purple Orange Ventures, Fred Blackford, Jake Poliskin, Baruch Future Ventures, David Adelman, Mark Cuban, The Kraft Group, Kevin Love, Tobias Harris, Meek Mill, Ciara & Russell Wilson, Emily Ratajkowski, etc. Prolific Machines is a clean-meat manufacturing company that uses cell-agnostic technology to develop slaughter-free meat for consumers. The company aims to expand its product development through this latest funding. Prolific Machines previously raised its Pre-Seed round in 2020.

A message from DOUBLE Double is the #1 remote executive assistant service for busy founders, investors, executives, or anyone looking to save time and stay focused on what’s most important. Double helps you: Schedule meetings Inbox management Meeting prep & follow-up Report creation Invoicing Recruiting & much more!  Finding, training and managing a great assistant is a lot of work. Double makes it easy to get started with an experienced and vetted assistant right away, with no long-term contract.  Find your Double today and get $300 off your first month with the code INSIDE22. Find your double

Kojo has raised a $39M Series C funding round. The company is based in San Francisco. More: The round was led by Battery Ventures with participation from Schneider Electric, RXR, Bienville Capital, 8VC, Suffolk Construction, Human Capital, AME, and BoxGroup. Kojo aims to use the funds to accelerate growth and expand operations. The company has developed a software product that brings field, office, warehouse, and vendor teams together, helping construction companies reduce their costs. Kojo is planning on launching a payment solution that will enable its clients to pay for their services within the platform.

Dig Security has raised a $34M Series A round. The funding round was led by Signal Fire. More: Other participants in the round include Felicis, Okta Ventures, and angel investors. Dig previously raised an $11M Seed round in May 2022. Dig Security provides a platform that combines data security posture management, data loss prevention, and data detection and response. The software is compatible with AWS, Azure, and Snowflake. The company aims to use the funds to accelerate its product development.  Its client list includes several Fortune 500 companies. Dig Security is based in Tel Aviv, Israel.

A message from EYEO Get your free ticket to Ad-Filtering Dev Summit Join the free hybrid event in Amsterdam and online on 5 and 6 October 2022 alongside speakers from Meta, Opera, AdGuard, Mozilla, Google, eyeo and many more. You’ll learn about the future of ad filtering, from new technology like machine learning and VR/AR and embedded devices, to discussions on new privacy regulations and topics concerning the internet at large. Hear from industry professionals like: Ben Savage, Software Engineer at Meta Simeon Vincent, Developer Relations Engineer at Google Arjan van Leeuwen, Product Engineering Lead at Opera Arvind Narayanan, Professor at Princeton University Dr. Humera Noor, Director of Engineering at eyeo Get your free ticket to attend the event live in Amsterdam or online, on 5 and 6 October 2022. Register Here

Today's funding 💵 SaaS HICX (U.K.), a SaaS platform that gives shipping companies more control over their data and transactions: $30M equity and debt led by Wavecrest Growth Partners and Canada's Espresso Capital. Diamond Standard (New York City), aims to make it easier to invest in commodities such as diamonds through digital shares: $30M A led by Left Lane Capital, and Horizon Kinetics, with participation from Gaingels and Republic.co. NYSHEX (New York City), a platform for contract management: $25M B led by Collate Capital with participation from Blumberg Capital, Goldman Sachs, and NewRoad Capital.  Benivo (U.K.), an employee management software solution with Fortune 1000 clients: $12M growth led by Updata Partners.  Chameleon (California), a no-code tool that enables companies to upgrade their UX: $13M A led by Matrix Partners with participation from angel investors.  Candis (Germany), enables companies to automate invoice receipt, data entry, invoice approval, and data export: $16M led by Viola FinTech with participation from Lightspeed and Viola Venture. Artificial Intelligence Aignostics (Germany), uses AI to create new therapies and advance research in pharmacy: $14M A led by Wellington Partners with participation from Boehringer Ingelheim Venture Fund, VC Fonds Technologie, and CARMA Fund. Health tech Great Bay Bio (Hong Kong), a bioprocessing company that aims to improve R&D in the health sector: $15M Pre Series-B led by Tiger Jade Capital with participation from AEF Greater Bay Area Fund and Vectr Ventures. Space Tech Morpheus Space (California), provides electric aircraft propulsion systems: $28M A led by Alpine Space Ventures, with participation from Morpheus Ventures, Vsquared Ventures, Lavrock Ventures, Airbus Ventures, In-Q-Tel, Pallas Ventures, and Techstars Ventures. Web3/Blockchain Thirdwave (remote), a decentralized search engine that provides data to gaming teams: $7M Seed led by Framework Ventures with participation from Animoca Brands, Play Ventures, Shima Capital, Hustle Fund, and Oceans Ventures. Fintech KolayBi (Turkey), a financial services company that focuses on SMEs: $1.15M growth led by TechOne VC. MetaFi (UAE), a trading platform that gamifies the investment process: $3M growth from DoublePeak Group, Maven Capital, OKX Blockdream Ventures, Megala Ventures, Magnus Capital, Legion Ventures, SL2 Capital, X21 Digital, Good Games Guild, MetaGaming Guild, Mintable Go! Fund, and Athena Ventures.

Quick Hits: Organize your startup business the right way with ClickUp. Create tasks and projects for each business division.* FindMine, a New York-based AI startup, has raised $9.9M. The Seed was led by XSeed Capital and Underscore VC. Inclusivity app Bloom Community has raised a $2.5M Seed round from Tuesday Capital with participation from Y-Combinator. HPC AI Tech, a China-based company that provides an AI platform for enterprises, has raised $6M in a Seed round. xtype (Israel), a native DevOps platform for ServiceNow, raised a $5.8M Seed round led by Columbia Capital with participation from Inner Loop Capital and SaaS Ventures. *This is sponsored content.

Upcoming events at Inside: September 14 - AMA with Brian Dean (Founder of Backlinko) (Register Here) September 21 - Hired's Navigating Market Uncertainty: The State of Tech Hiring Webinar (Register Here) * September 21 - AMA with Kristen Ruby (Founder of Ruby Media Group) (Register Here) September 22 - "Top 10 Overlooked VxWorks Features" with Brian Kuhl (Register Here) * September 28 - AMA with Leigh-Ann Buchanan (Founder of aīre ventures) (Register Here) October 05 - AMA with Ram Bartov (Chief Accounting Officer at TripActions)* (Register Here) October 11 - AMA with Mike Malone (Smallstep) (Register Here) October 12 - AMA with Bill Glenn (Executive Chairman at Crenshaw Associates) (Register Here) October 19 - AMA with Zecca Lehn (Responsibly VC) (Register Here) October 25 - Meet Our Fund 4, an Inside.com Summit (Register Here) *This is a sponsored listing.

Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords.

Sign up for Double today and get $300 off your first month using code INSIDE22.

Join Ad-Filtering Dev Summit and learn about the future of ad filtering, the latest privacy regulations, and about the internet at large.

767 Bryant St. #203, San Francisco, CA 94107 Copyright © 2022 Inside.com

Did someone forward this email to you? Head over to inside.com to get your very own free subscription! You received this email because you subscribed to Inside Venture Capital. Click here to unsubscribe from Inside Venture Capital list or manage your subscriptions.