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Startup Vortex

Top 10 Pre-Seed to Series A Funding Rounds of the Week - 21 to 27 October

October 25, 2024
4 min

Welcome to this week’s roundup of the top 10 pre-seed to Series A funding rounds, where we highlight the most promising early-stage startups making waves across industries. From fintech disruptors to AI-driven platforms, these companies have captured the attention of leading investors and are poised to innovate in their respective sectors.

Let’s dive into the top deals of the week and meet the startups that are shaping the future.

⚫ Fintech ⚫

1. Azura

A startup that allows users to trade digital assets across multiple blockchains, raised a $6.9 million seed round.

→ Investors: Initialized Capital, with Volt Capital and Winklevoss Capital also joining.

→ Founded by: Jackson Denka.

2. Uprise

An embedded financial advisory platform tailored for small businesses, raised a $3.3 million seed round.

→ Investors: Blank Ventures. Graham & Walker, Hustle Fund, and Dash Fund were also part.

→ Founded by: Jennifer Chen Riolfi and Chris Goodmacher.

3. Ned

A startup automating the entire loan process for SMBs from application to repayment, allowing lenders to qualify borrowers, set repayment terms, and track financial performance, raised a $4.2 million seed round.

→ Investors: Impression Ventures and Capital Eleven.

→ Founded by: Dave Silverstein.

⚫ Content Creation ⚫

4. Highnote

An audio collaboration platform that helps musicians, producers, and audio creators streamline their workflow by centralizing communication, feedback, and file sharing in one place, raised a $2.5 million round.

→ Investors: Dropbox Ventures as well as previous investors Afore Capital, Character Capital + others.

→ Founded by: Jordan Bradley.

5. TollBit

A two-sided marketplace that connects digital publishers with AI companies, allowing publishers to license their content for AI training, raised a $24 million Series A round.

→ Investors: Lightspeed.

→ Founded by: Olivia Joslin and Toshit Panigrahi.

6. Passionfroot

A startup helping content creators manage sponsorships and brand collaborations by offering tools for booking, invoicing, and communications, raised a $3.8 million seed round.

→ Investors: Supernode Global.

→ Founded by: Jen Phan and Lorenzo De Nobili.

⚫ Security ⚫

7. Authologic

A digital identity verification platform that consolidates multiple e-ID systems into a single API, allowing companies to streamline KYC processes and prevent fraud without requiring traditional document uploads, raised an $8.2 million Series A.

→ Investors:  OpenOcean. Y Combinator, Peak Capital, and SMOK VC also showed up.

→ Founded by: Krzysztof Klimczak, Marek Rogoziński, and Jarosław Sygitowicz.

⚫ Marketing ⚫

8. Averi AI

A marketing management platform that combines generative AI with human experts to help businesses streamline their marketing operations, raised a $2 million pre-seed round.

→ Investors: Right Side Capital Management and Singularity Capital were the co-led.

→ Founded by: Zack Holland.

⚫ LegalTech ⚫

9. Genie AI

A startup that uses AI to help businesses and law firms quickly generate, edit, and review contracts by automating tasks typically done by junior legal staff, raised a $17.2 million Series A.

→ Investors: Google Ventures and Khosla Ventures.

→ Founded by: Rafie Faruq and Nitish Mutha.

⚫ Collaboration ⚫

10. Granola

A collaborative AI note-taking app, raised a $20 million Series A.

→ Investors: Spark Capital, with participation from Nat Friedman and Daniel Gross, Lightspeed, Betaworks, and Firstminute Capital.

→ Founded by: Sam Stephenson and Chris Pedregal.

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