💸 Led by Shayna Harris & Noramay Cadena, Supply Change Capital Launches $40M Debut Fund
FemWealth Issue #120
Hi FemWealth Friends!
In the Spotlight 💸
Co-founded by Managing Partners Shayna Harris and Noramay Cadena, Supply Change Capital launched its debut fund with $40 million in capital commitments to target investments in the global food industry.
The firm’s portfolio already includes 15 startups, of which eighty percent have Latinx, Black, or female founders and CEOs.
FemWealth Springboard 👧🏽
Edurino: Reimagining Education in the Age of AI
FemWealth Favourites ❤️
Crescendo Biologics secures $32M - Led by Theodora Harold, the Cambridge, UK-based clinical-stage, immuno-oncology company secured $32 million from Sofinnova Partners, Andera Partners, Quan Capital, Kreos Capital, and others.
Octave Bioscience Closes $30M Extension to Series B Funding - Co-founded by Melinda Thomas (COO), the US-based precision care company focuses on delivering a new standard of care for multiple sclerosis (MS) and other neurodegenerative diseases. Novartis, Hikma Ventures, Northpond Ventures, Deerfield Management, and others participated in the company’s Series B extension.
GlossGenius raises $28M to expand its bookings and payments platform for beauty businesses - Founded and led by Danielle Cohen-Shohet, GlossGenius secured $28 million in Series C funding. L Catterton led the round with participation from Bessemer Venture Partners and Imaginary Ventures.
AutogenAI secures $22.3 million via Blossom Capital for large language models that streamline bidding process - Co-founded by Raj Kaur (COO), AutogenAI is targeting the writing of bids and tenders for multi-million-pound contracts in the private and public sectors. The London-based startup raised a $22.3 million round led by Blossom Capital.
Quobly raises €19M to build fault-tolerant quantum computers - Co-founded and led by Maud Vinet, France-based Quobly (formerly, Siquance) is building a quantum computer using proven semiconductor processes. It raised €19M in a seed round from Quantonation, Bpifrance, Supernova Invest, and Innovacom.
HerMD opening new women’s health clinics following $18M extension - Founded by Chief Medical Officer Dr. Somi Javaid and led by CEO Kathy McAleer, HerMD, offers comprehensive women’s healthcare, either in-person or virtual. The US-based startup raised $18 million in additional Series A funding. Existing investor JAZZ led the round, with participation from Amboy Street Ventures and B-Flexion.
Dioxycle raises $17 million for its electrolyzer that turns CO2 into ethylene - Co-founded and led by Sarah Lamaison, the France-based carbon transformation startup is working on a new process to produce ethylene at scale using recycled carbon emissions. The company secured a $17 million funding round co-led by Breakthrough Energy Ventures and Lowercarbon Capital, with participation from Gigascale Capital.
Flipturn hauls in $4.5M seed funding to help trucking fleets electrify for less (TC+ $) - Co-founded and led by Katie Siegel, the US-based startup raised $4.5 million in seed funding to help fleets get the most out of their EVs and chargers. Accel led the round, with Comma Capital, Background Capital, and angel investors also joining.
Kenya’s FarmWorks raises $4M pre-Series A funding - Yi Li is the CEO and co-founder of FarmWorks, a Kenyan agtech that provides farmers with access to farm inputs, and market for their produce. The company raised $4.1 million in a pre-Series A round led by Acumen Resilient Agriculture Fund.
Lithuanian logtech startup raises €3M seed to fuel European growth and US expansion - Co-founded by Ugne Palionyte, GoRamp enables manufacturing, retail, and production companies to digitize their logistics operations.
Sanguina Raises $2.8M in Series A Funding to Drive Innovation in Home-Based Testing and Wellness Management - Co-founded and led by Erika Tyburski, the US-based startup provides a digital health platform that estimates hemoglobin levels and aids users in managing anemia. It secured a $2.8 million Series A funding round led by Veritus Holdings.
Home office furniture from the employer? She fetches millions for the idea - Founded and led by Lisa Rosa Brautigam, German home-office-as-a-service platform Nuwo raised €2.75 million in seed funding. Redstone led the round.
UK’s thymia raises $2.7 million to expand its AI approach to diagnosing mental health struggles through gamification - Co-founded by neuroscientist Dr Emilia Molimpakis (CEO) and Gabrielle Powell (COO), the UK-based startup raised a $2.7 million seed round led by Kodori Ventures, and joined by Entrepreneur First, Syndicate Room’s Access, Calm/Storm and Form Ventures, and angel investors.
Paris-based Impact+ raises €2 million to expand its greenhouse gas emissions evaluation platform for digital advertisers - Co-founded by Marion Cardona (COO) and Audrey Danthony (CPO), the Paris-based sustainability tech start-up is developing a platform that measures and evaluates the greenhouse gas emissions and electricity consumption of advertisers. It raised €2 million in a seed funding round led by Elevation Capital Partners.
Spacetech startup Space DOTS connects with €1.7 million in pre-seed funding round - Co-founded and led by Bianca Cefalo, the London-based spacetech startup aims to accelerate the pace of development of the space industry, offering a miniaturised in-orbit active testing solution. It raised €1.7 million in a pre-seed funding round that included Boost VC, Sie Ventures, 7Percent Ventures, Blue Wire Capital, and angels.
B2B SaaS start-up consalio backed by angel investors for an optimized advisor spend management - Founded and led by Felicia Mundhenke, consalio’s B2B SaaS solution enables companies to gain full transparency of their ongoing advisor activities and costs. The Germany-based startup raised €1.2 million in pre-seed funding.
Bloom Money raises £1M to digitize finance for ethnic communities - Co-founded and led by Nina Mohanty, UK-based Bloom Money raised £1 million to digitize an informal financial management system employed by ethnic communities across the world. Zinal Growth led the startup’s pre-seed round, with participation from January Ventures, Pact VC, and angel investors Bérénice Magistretti and June Angelides.
Emagine secures $1M from the U.S. National Science Foundation to advance its suite of maternal health tools - Courtney Williams is the company’s co-founder and CEO.
Berlin-based Hale raises €350K to transform women’s pelvic pain management - Co-founded by Vittoria Brolis and Gaia Salizzoni, Hale is on a mission to revolutionize patient care through a home-care management app designed to guide genito-pelvic patients throughout their health journey. Vento led the round, with contributions from B Heroes, Delirus Capital, StartupGym, Moonstone Fund, and angel investors.
VC: TitletownTech closes second fund totaling $70M - Co-led by Managing Director Jill Enos, the Wisconsin, US-based venture firm closed its second fund with $70 million in capital commitments. TitletownTech backs startups in sports, media, and entertainment, as well as health and wellness, agriculture, water, and environment, a.o.
Wisdom Ventures closes $10M Fund I to champion human connection and well-being - Co-led by General Partners Ruchika Sikri and Cecily Mak, Wisdom Ventures, a venture capital firm with a unique focus on mindfulness, compassion, well-being, and human connection closed its debut fund.
Wall Street to VC Journey: Full Circle - Founded by finance veteran Anna Garcia, Altari Ventures garnered $5.25 million in capital commitments for its first fund. The US-based, early-stage VC firm focuses on enterprise tech and fintech.
VC Promotions & Hires: Female Founders Fund announced Adrianna Samaniego’s promotion to Partner. She joined the NYC-based firm in 2020 and played a key role in building out FFF’s Scout Program. Bessemer Venture Partners promoted Sofia Guerra to vice president. She joined the firm in 2021 and focuses on the intersection of healthcare, life sciences, and software across all stages. Leah Sutton joined Balderton as Chief Portfolio Talent Officer.
Women’s Health: How The FemTech Revolution Addresses Women’s Sexual And Maternal Health - Features Tracy MacNeal, president and CEO of Materna Medical, a US-based startup that developed the first FDA-cleared OTC all-in-one vaginal dilator, designed to help relieve symptoms of vaginismus and other pelvic conditions.
Business: Alphabet CFO Ruth Porat leaving role to become president and chief investment officer - Google’s parent company, Alphabet, appointed Ruth Porat, its current chief financial officer, as president and chief investment officer.
Culture: Greta Gerwig makes history as Barbie has biggest opening weekend for film directed by a woman - Barbie’s director Greta Gerwig made history as the film earned $356 million at the global box office, the biggest debut ever for a female-directed film. Women moviegoers made up 65% of the audience.
Thank you for reading FemWealth! 🥰
Until next Sunday,
Anamaria
Founder & Writer of FemWealth