💸 Tiny Health Raises $8.5M to Provide Early Detection of Health Issues in Infants
💸 Tiny Health Raises $8.5M to Provide Early Detection of Health Issues in Infants
FemWealth Issue #150
Hi FemWealth Friends,
In today’s edition: Cheryl Sew Hoy’s Tiny Health raised $8.5M to provide early detection of health issues in infants; Wardah Inam’s Overjet secured $53.2 million in funding to develop an AI platform aimed at helping dental organizations give patients the highest quality of care; co-founded and co-led by Managing Partner Alexandra Gylfe PhD MBA, Nordic Science Investments (NSI) launched its first €60 million fund to invest in Scandinavian startups; co-founded by Stephanie Campbell, Diana Murakhovskaya, and Leslie Goldman Tepper, US-based The Artemis Fund closed its second fund with $36 million in capital commitments to back underrepresented founders; and more in women-led startups and VC.
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In the Spotlight 💸
Founded and led by Cheryl Sew Hoy, Tiny Health is the first at-home gut microbiome test developed for babies and moms. The Austin, US-based startup raised a $8.5 million Series A round led by Spero Ventures. TheVentureCity, Overwater VC, Next Coast Ventures, Peterson Ventures, and Parenthood Ventures also participated. The company raised a total of $13 million.
“I was told my child would grow out of their eczema and allergies, but that wasn’t the case. From microbiome research I learned that I could improve my child’s conditions by healing the gut, which was a game-changer.
“However, there were no infant gut tests available to help detect imbalances and make corrections during the first 1,000 days of life, which is a crucial time for gut development. I founded Tiny Health to bridge the gap in the market, help address the pediatric chronic conditions crisis, and empower families to take a proactive approach to their lifelong health” - Cheryl Sew Hoy, CEO and founder of Tiny Health.
FemWealth Favourites ❤️
Startups: MIT Scientist Raises $53 Million to Deploy AI for Dentists (Bloomberg $) - Co-founded and led by Wardah Inam, Overjet is developing an AI platform aimed at helping dental organizations give patients the highest quality of care. The US startup secured $53.2 million in funding. March Capital led the round. General Catalyst Partners, Insight Partners, the Massachusetts Institute of Technology’s E14 Fund, and the American Dental Association contributed.
Topsort Raises $20 Million To Seize The Post-Cookie Market Opportunity This Year - Co-founded and led by Regina Ye, Topsort is an AI and ML-based retail media platform that offers modular scalable API for marketplaces and retailers to scale and launch retail media solutions. The San Francisco startup raised a $20 million Series A round from Upload Ventures, Quiet Capital, and Pear Ventures.
BrainCheck Secures $15 Million to Fuel Expansion and Adoption of its Next Generation Digital Cognitive Assessment and Care Planning Platform - Led by Kim Rodriguez, BrainCheck provides cognitive health assessments and management tools to empower physicians to deliver high-quality, personalized cognitive health. The Austin, US-based startup raised a $15 million Series B round co-led by Next Coast Ventures, S3 Ventures, and UPMC Enterprises.
Paris-based Bene Bono gets €10 million to accelerate the fight against food waste at its source - Co-founded by Claire Laurent (COO), Bene Bono’s platform helps organic farmers and manufacturers to sell food and non-food products rejected by major supermarkets for aesthetic or logistical reasons. The Paris-based foodtech startup raised €10 million in a funding round led by AXA Venture Partners and joined by investors including 2050, Stride VC, and Project A.
Wobble Genomics’ novel approach to RNA sequencing attracts £8.5M investment - Co-founded by Nicola Broughton, Wobble Genomics specializes in maximizing RNA and DNA sequencing efficiency for the discovery and detection of nucleic acid biomarkers. The University of Edinburgh spin-out secured £8.5 million in a round led by Mercia Ventures and BGF. IQ Capital, EOS Advisors, and Old College Capital (the university’s venture fund) also participated.
This Swedish startup wants to reduce the cost, and controversy, around stem cells production - Co-founded by Professor Katarina Le Blanc and Maria Rankka, Cellcolabs is a clinical-stage biotechnology startup on a mission to revolutionize healthcare through advanced cell therapies. The Stockholm-based startup raised $8.7 million.
Dutch VC invests in Kismet’s $8.2M round to connect caregivers, health insurance and care providers - Co-founded by Lauren Grimes (CXO), Kismet connects caregivers, health insurance, and healthcare providers worldwide. The Australian healthcare startup secured $8.2 million in Seed funding. Prosus Ventures and Airtree Ventures led the round.
Leading Media and Tech Investors Bet on “ToolBit” - The First Platform to Tackle the New Economics of Content in the AI Era - Co-founded by Olivia Joslin, TollBit enables websites to monetize data and content, monitor bot traffic to sites, and onboard AI and LLM partners. The New York startup raised a $7 million round led by Sunflower Capital and joined by AIX, Lerer Hippeau, Operator Collective, and Liquid 2 Ventures.
Startup founded by Amazon Alexa scientist looking to disrupt investment industry through AI raises $6.5 million - Founded and led by Doctor Ye Tian, Theia Insights aims to enable fund managers and index providers to make improved investment decisions. The Cambridge, UK-based startup raised $6.5 million in a funding round led by Silicon Valley’s Unusual Ventures, with additional support from Fidelity International Strategic Ventures, Clocktower Ventures, and strategic angels.
Bone Health Technologies Raises $5M to Advance Osteopenia Treatment - Led by Laura Yecies, Bone Health Technologies raised $5 million in funding to enhance care for individuals with low bone density. Esplanade Ventures, Berkeley Catalyst Fund, and Terumo Medical participated in the round.
Crypto risk analytics startup Agio Ratings raises $4.6M (Axios Pro $) - Led by Ana De Sousa, Agio Ratings helps firms with digital asset exposure to protect capital and underwrite credit. The London-based startup raised $4.6 million in Pre-Seed funding. Superscrypt led the round which also included Portage and MS&AD Ventures.
MDaaS raises $3M to improve healthcare access and expand network across Nigeria - Co-founded by Genevieve Oni, MDaaS Global operates a network of tech-enabled diagnostic centers. The Nigerian health tech company secured $3 million in Pre-Series A funding. Aruwa Capital and Newton Partners led the round.
Legitify closes €1.5M Seed funding for online notarisation solution - Co-founded and led by Aida Lutaj, Legitify offers online document certification and notarization. The Stockholm, Sweden-founded and Dublin, Ireland-based company raised €1.5 million in Seed funding. Verb Ventures led the round, with additional support from Enterprise Ireland, Actium Partners, Redbay Ventures, and other investors.
Berlin-based VC FoodLabs leads €1M seed round of biotech company Van Heron Labs - Founded and led by Rebecca Vaught, Ph.D., Van Heron Labs uses genomics, bioinformatics, artificial intelligence, and nanotechnology to improve how cells are cultured and harnessed. The US startup raised $1.1 million in Seed funding. FoodLabs led the round.
Danish climatetech NitroVolt secures €750K for green ammonia production - Co-founded and led by Suzanne Zamany Andersen, NitroVolt is developing the “Nitrolyzer” unit to enable cheaper and local ammonia production using only air, water, and electricity. The Danish-based climate tech company raised a Pre-Seed round of €750,000 from Swedish venture firm BackingMinds.
AI martech startup Lakmoos raises €300k for market research simulation - Co-founded and led by Kamila Zahradnickova, Lakmoos builds data models that simulate how target groups make decisions. The Czech martech AI startup raised €300,000 in Pre-Seed funding from Presto Ventures.
VC: Nordic Science Investments launches a new era for academic deep tech spinouts - Co-founded and co-led by Managing Partner Alexandra Gylfe PhD MBA, Nordic Science Investments (NSI) completed the initial closing of its first €60 million fund. The Finnland-based VC firm aims to back research-based deep tech across the Nordics.
Artemis Fund has a fresh $36 million to back diverse founders solving ‘big, hairy problems’ - Co-founded by Stephanie Campbell (General Partner), Diana Murakhovskaya (General Partner), and Leslie Goldman Tepper (Founding Partner), The Artemis Fund invests in underrepresented founders. The Houston and New York-based VC firm launched its second fund with $36 million in capital commitments. It aims to lead Seed rounds for diverse founders in fintech, commerce, and care. The firm’s portfolio includes over 20 companies led by female founders, with >60% having Black, Latinx, or immigrant leadership. Bank of America, Bank of Montreal, TIAA Nuveen’s Churchill Asset Management, Texas Capital Bank, Amazon, The Rockwell Fund, and Ballentine Partners are among the fund’s LPs.
“It’s good business to have diverse perspectives, and we felt that there was money being left on the table, and we’re there to be the best at it. We’re staying the course so we align the impact that we’re making with financial returns, not only for our LPs, but also for the communities that these entrepreneurs come from.” - Stephanie Campbell, General Partner (via TechCrunch)
Inspirational Quote ✨
“Invent your world. Surround yourself with people, color, sounds, and work that nourish you.” - SARK
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Until next Sunday,
Anamaria
Founder & Writer of FemWealth