Novadip Biosciences has raised a $39M funding round in equity and debt to provide therapies for bone defects and cancer. The Belgium-based company raised funds from investors based in Europe, the U.S., and China. More: - Novadip Biosciences is a clinical-stage company developing tissue regeneration therapies for critical bone defects, common orthopedic conditions, and cancer.
- Its proprietary technology platform aims to develop therapies that enable tissue reconstruction for patients with limited treatment options.
- $23M of the total funding amount was raised in equity, while the rest is structured as non-dilutive debt financing.
- Investors include CR-CP Life Science Fund, New Science Ventures, Fund+, SRIW Life Sciences, VIVES Louvain Technology Fund, InvestSud, and angel investors/family offices, including Pierre Drion and Olivier van der Rest.
- The company has two main products:
- NVD-X3, a therapy that can provide accelerated, durable bone union in spinal fusion procedures and non-healing fractures, and
- NVD-003, a therapy that aims to help patients that suffer from congenital pseudoarthrosis of the tibia. This condition affects 1 in 150,000 newborns. This therapy is pending FDA approval, having already received designations for accelerated approval. If the therapy is greenlighted, it could unlock over $100M in revenue for the company.
- Combined with spinal fusion procedures, the company expects to disrupt a market that is worth more than $2B.
- Novadip Biosciences is a spin-off company from Université Catholique de Louvain (UCLouvain) and St. Luc University Hospital. Currently, the company has 45 employees.
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Dataloop, a company that offers an AI tool used by Intel, Toyota, LinkedIn, and Vimeo, has raised a $33M Series B. Dataloop's product enables companies to deploy AI apps more efficiently by closing data loops faster. More: - Dataloop offers a full data life-cycle management platform that contains several tools for data pipelines, management, and applications. These services effectively serve as a one-stop shop for enterprises, making it possible for them to build, test, and launch their AI applications faster.
- This Series B funding round was led by NGP Capital and Alpha Wave Ventures, with participation from Amiti Ventures, F2 Venture Capital, and OurCrowd.
- The company aims to use the funding to expand its 60-employee team in the US, Europe, and India.
- Dataloop has not disclosed revenue figures but claims it has hundreds of customers across different industries, such as autonomous vehicle manufacturing, retail, robotics, agriculture, construction, etc.
- The global data annotation market is expected to grow to $6.45B by 2027, up from $695.5M in 2019. Major players in the market include Amazon, Google, Microsoft, Snowflake, Scale AI, etc.
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Lodgify has raised a $30M Series B to help vacation rental property owners manage all their properties in one platform. The platform also enables users without tech skills to build their own websites and accept payments. More: - Lodgify offers an API that can be integrated with popular rental platforms such as Airbnb, Booking.com, Virbo, etc.
- The software offers property managers all necessary features such as a reservation system, unified email inbox, guest and task management, performance analytics, accounting, etc.
- The company prices its product based on the number of rental properties the customer has and the type of accommodation business they provide.
- Octopus Ventures led the funding round with participation from Bonsai Partners, Aldea Ventures, ICF, Intermedia Vermögensverwaltung, and Nauta Capital.
- The Barcelona, Spain-based company has close to 200 employees.
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Aro Homes has raised a $21M Series A funding round to modernize residential construction by building sustainable net-zero-energy-use houses in 90 days. The company focuses on single-family residential housing. More: - Aro Homes buys old homes and renovates them with its innovative construction methodology. Aro homes can build/renovate the properties in 90 days or fewer. The company is vertically integrated, owning the entire production process.
- To improve efficiency, the company uses machine learning to learn all of the information it needs to know before it starts building. Some of these include neighborhood zoning, sustainability, and livability, but also more detailed factors such as how the land is oriented to sunlight and whether there are shade trees on the property, factors that affect energy use.
- Aro Homes claims its houses use 50% less energy, save 6,000 gallons of water per year, and reduce 11.2 tons of CO2 emissions per year.
- The company has a factory in Sacramento, California, and plans to expand to Silicon Valley soon.
- The round was led by Innovation Endeavors with participation from Western Technology Investment and Stanford University.
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Today's funding 💵 Web3/Crypto -
WalletConnect (New York), a crypto wallet secure transaction protocol company: $12.5M growth by Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Square Ventures, 1kx, HashKey, and Foresight Ventures. No-Code SaaS - Revuze (Israel), a software platform that offers insights on consumer behavior: $12M growth led by PSG.
- 3NETS (California), provides a unified cloud-stack platform for enterprise: $11M Seed led by Taiwania Capital.
- Logiwa (Chicago), a cloud fulfillment platform for high-volume direct-to-consumer businesses: $10M B led by Prologis Ventures and BAM Elevate.
Retail - SparkPlug (California), an incentive platform that gives employees cash for every sale they make: $8M A led by led by Lightbank with participation from Industry Ventures, TenOneTen Ventures, and Jason Calacanis. Disclaimer: Jason Calacanis is the founder and CEO of Inside.com.
Climate tech - Runwise (New York), provides software that aims to make buildings energy efficient: $19M A led by Fifth Wall with participation from Rudin Management, SOJA Ventures, Friedman Management, MCJ Collective, Derive Ventures, Helium-3, Silence VC, The Cannon Project, Waterman Ventures, Initialized Capital, Notation Capital, Susa Ventures, and NextView Ventures.
- Audette (Canada), makes it easier for builders to find emission-reducing opportunities: $9.5M growth led by Buoyant Ventures with participation from Energy Impact Partners, Active Impact Investments, Johnson Controls, Osgoode Properties, Powerhouse Ventures, Turnham-Green Capital, and Undivided Ventures.
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Quick Hits: - Whether you’re planning to travel, or just feeling the itch to learn something new, now’s the time to start speaking a new language with Babbel. Plus, for a limited time you can get 55% off.*
- GreatPoint Ventures has led a $4M Seed round in Colorado-based travel platform BookOutdoors.
- U.K.-based startup Log My Care has raised a $3.6M funding round led by Mercia with participation from Oxford Capital. Log My Care aims to make access to patient data more efficient by making the process digital.
- Centrifuge (New York), which offers financing for companies and individuals through off-chain assets, raised a $4M growth round led by Coinbase Ventures with participation from L1 Digital and Scytale.
- Accel India led a $4.5M Seed round in API security platform Akto. The latter is based in Palo Alto, California.
- Traditional dog food is packed with harmful filler ingredients. Vet Approved healthy dog food brand “Nom Nom” is offering 50% off a two-week trial to ensure your pup is happy and healthy.*
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 |  | 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. | |
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