💸 Anam Lakhani and Eve Halimi's Alinea Invest Raises $10.4M in Series A
FemWealth Issue #205
Hi FemWealth Friends,
In the Spotlight 💸
Co-founded and co-led by Anam Lakhani and Eve Halimi, Alinea Invest is a Gen Z-focused wealth management platform. The company’s app serves over 1 million users, 92% of whom are women and 70% of whom are Gen Z.
“We are the customer. From day one, we were designing for ourselves—and our friends. What we realized is that beginner investors want both guidance and freedom. They want to be told what to do, but they also want autonomy. At Alinea, we call it the salad and the fries.” - Anam Lakhani, Co-founder and co-CEO of Alinea Invest (via Forbes)
The New York startup raised $10.4 million in Series A funding led by Play Ventures and joined by GFR Fund, Y Combinator, Gaingels, FoundersX, F7, and Visible Ventures.
Read more: Fintech Alinea Invest Raises $10.4 Million For Gen Z Wealth Platform
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Startups: Los Angeles-based Rain raised a $75M Series B in another good sign for fintech - Co-founded by Jen Terrell, Rain offers an employer-integrated earned wage access (EWA) app. The Los Angeles startup raised $75 million in an all-equity Series B round led by Prosus at a post-money valuation of $340 million. Nextalia Ventures, Spark Growth Ventures, QED, Invus Opportunities, and others, also participated.
Baby Formula Company ByHeart Raises $72 Million in New Funding - Co-founded by Mia Funt, ByHeart is an infant nutrition company. The New York-based startup secured $72 million in funding.
Artisan, the ‘stop hiring humans’ AI agent startup, raises $25M — and is still hiring humans - Co-founded by Sam Stallings, Artisan is an AI sales agent startup. The San Francisco startup raised a $25 million Series A led by Glade Brook Capital. Y Combinator, Day One Ventures, HubSpot Ventures, Oliver Jung, Fellows Fund, and others also joined.
Corsha raises $18 million to expand machine identity security platform - Co-founded and led by Anusha Iyer, Corsha provides machine-to-machine communication solutions. The US startup raised $18 million in Series A-1 funding led by SineWave Ventures and joined by Razor’s Edge Ventures and Ten Eleven Ventures.
Estonian UP Catalyst receives €18M from EIB to scale CO₂-based raw material production - Co-founded by Kätlin Kaare, UP Catalyst produces carbon-neutral graphite and carbon nanotubes derived from industrial CO₂ emissions. The Tallinn-based startup raised €18 million in venture debt funding from the European Investment Bank.
Tracera Raises $12 Million to Scale AI-Powered ESG Reporting Platform - Co-founded by Chiara Meacci, Tracera helps businesses comply with ESG reporting requirements. The New York startup raised a $12 million Series A round led by Foundry, with Rho Ignition, Tola Capital, and Contour Venture Partners also contributing.
Starday Raises $11 Million in Series A Funding to Expand Data-Informed Food Innovation and Retail Partnerships - Co-founded by Lena Kwak and Lily Burtis, Starday is an AI-driven food company reinventing category growth for shelf-stable products. The US-based company raised $8 million in Series A funding co-led by Slow Ventures and Equal Ventures, with additional support from Vinyl Capital, Hannah Gray, Fearless Fund, Heirloom Capital Partners, and others. It also secured $3 million in a debt credit facility from Silicon Valley Bank, along with investment from global food and beverage companies.
Earlybird leads $8M investment in Wallet Studio, powering the future of customer interaction - Co-founded and co-led by Anna Bojic, Miss Moneypenny Technologies is a SaaS platform that leverages the full potential of Apple Wallet and Google Wallet. The Berlin-based startup raised $8 million in Seed funding led by Earlybird and joined by b2venture.
Cofertility raises a $7M Series A to make egg freezing free - Co-founded by former Uber executive Lauren Makler and health tech angel investor Halle Tecco, Cofertility offers women no-cost egg freezing in exchange for donating half the retrieved eggs to those unable to conceive. The Los Angeles startup raised a $7.25 million Series A round led by Next Ventures and Offline Ventures, with participation from Initialized, Gaingels, and other investors.
NOWOS raises €6M to expand lithium-ion battery repair and maintenance hubs - Co-founded by Ambre Eppler, Nowos provides lithium-ion battery repair and maintenance services. The Utrecht, Netherlands-based company raised €6 million in funding led by Shift4Good, with additional support from Fair Capital Impact Fund and Goeie Grutten Impact Fund.
Pax AI, a TurboTax for import taxes, raises $4.5M (Axios Pro $) - Co-founded and led by Penny Chen, Pax is an AI-powered duty drawback platform for small and mid-sized importers. The San Francisco startup raised a $4.5 million Seed round led by Initialized Capital, with Sancus, Basis Set, Soma Capital, General Catalyst, Transpose, and ZVC1 also joining.
Building Decarbonization Platform Adaptis Raises $4 Million - Co-founded and led by Sheida Shahi, Adaptis provides an AI-powered building optimization and sustainability platform. The Toronto-based startup raised $4 million in Seed funding led by Building Ventures, with additional support from MetaProp, 2048 Ventures, Powerhouse Ventures, and Blue Vision Capital.
Sizl raises $3.5M to expand its cook-to-order food delivery service - Co-founded by Anastasia Kalinkina, Sizl is a cook-to-order delivery service. The Chicago-based company closed a $3.5 million Seed round led by Yellow Rocks!, with participation from Kinetik and angel investors.
BLNG secures $3M for AI jewellery design - Co-founded and led by Valérie Leblond, BLNG is a gen AI platform for luxury jewelry design. The Paris and Los Angeles-based startup raised $3 million in Seed funding led by Speedinvest and joined by Cove Fund, eSeed, and Focal.
illumicell AI Raises $2M to Launch Portable AI Platform for Real-Time Male Fertility Diagnostics - Co-founded by Jeyla Sadikova, illumicell AI provides AI-powered male fertility diagnostics. The Boston-based startup raised $2 million in Pre-Seed funding from KOFA Healthcare, Harvard Phoenix Venture Fund, and MedTechSyndicates.
Nettle raises £1.45m to take sting out of risk assessment - Co-founded by Katya Lait, Nettle is an AI-powered risk assessment platform for commercial insurers. The London-based startup raised £1.45 million in Pre-Seed funding led by Project A.
Weight loss start-up Habitual gains pounds from funding boost - Co-founded and led by Napala R. Pratini, Habitual supports sustainable weight loss. The UK startup raised £1 million from Lexham Partners.
VC: Revent rocks the boat with $100M fund to invest in people and the planet - Co-founded by Dr. Lauren Lentz, Berlin-based Revent closed a €100 million ($109 million) Fund II to invest in “planetary and societal health” startups, specifically in energy transition, industrial decarbonization, healthcare, climate, economic empowerment, and reskilling, among others.
Ex-Accel investor Candice du Fretay launches $20m solo GP fund - Founded and led by former Accel investor Candice du Fretay, Outlier Grove launched its debut fund of $20 million. The London-based VC firm will back European B2B startups at Angel and Seed stages with tickets ranging from $200k-500k.
Sydney Thomas’ Symphonic Capital raises $13.5M for inaugural fund - Founded and led by Sydney Thomas, Symphonic Capital raised $13.5 million for its debut fund focused on digital health and fintech startups.
Founded and led by Leshika Samarasinghe, San Francisco-based Twine Ventures is raising $50 million for its second fund, per an SEC filing. (via Axios Pro)
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Until next Sunday,
Anamaria
Founder & Writer of FemWealth