Briefing

The Briefing: Personetics Lands $75M, 01 Advisers Raises $325M Fund, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Personetics lands $75M for AI-driven finance

Personetics, a provider of data-driven personalization and customer engagement tools for banks and financial services companies, announced that it raised $75 million in growth funding from Warburg Pincus.

Previously the company, which was founded in 2010 and has offices in London, New York, and Tel Aviv, had raised $83 million in venture funding, per Crunchbase data. The company says its software reaches more than 95 million personal banking customers and analyzes billions of transactions daily.

— Joanna Glasner

Health care and insurtech

Cohort, Pawlicy, Botco.ai raised rounds: Cohort, a New York based company founded in 2016, raised $11 million to scale virtual home-based care. F-Prime Capital led the round, which enabled Cohort to expand its platform, which provides software for chronic care management and clinical trials. Pet insurance marketplace Pawlicy Advisor raised $6.5 million in Series A funding, led by Rho Capital Partners and existing investor Defy Partners. This brings the company’s total funds raised since 2018 to $8 million. The New York-based startup intends to use the new funding toward team expansion, platform development, partnerships and customer acquisition. There are more than 2.4 million dogs and cats insured across the U.S., the company said. Botco.ai announced a $2.2 million seed round, led by Stout Street Capital, to bring HIPAA compliant, AI-powered marketing automation to a tool that facilitates meaningful and intelligent conversations between providers and consumers. Botco.ai, based in Scottsdale, Arizona, will use the capital for product and technology development.

— Christine Hall

Fintech

Mundi, Titan, Mirato raise rounds: Mundi, a Mexico and New York-based fintech company providing financial tools so companies can trade globally, said it raised $7.8 million in seed funding, led by Base10 PartnersRexhi Dollaku, to focus on international trade, accelerate growth in Mexico and launch new services. Investment platform Titan announced a $12.5 million Series A round of the funding led by General Catalyst. The New York-based company is building an operating system for active investment management. It has just under $500 million in assets under management after growing 600 percent in 2020. Meanwhile, Israel-based Mirato, which enables financial institutions to identify and manage third-party risk, closed on $9 million in funding co-led by Grove Ventures and Janvest Capital Partners.

— Christine Hall

Space

Axiom Space inks $130M: Axiom Space, a Houston company specializing in Low Earth Orbit economy, secured $130 million Series B funding led by C5 Capital. The company is developing a private space station, dubbed the “Axiom Station,” which is poised to be at the center of what will be a thriving network of commerce in Earth’s orbit, the company said. In fact, Bank of America and Morgan Stanley both project the station could be valued at more than $1 trillion in the next few decades.

— Christine Hall

Agriculture

Vestaron raises $18.3M: Vestaron, a Durham, N.C.-based company developing biopesticides for crop protection, announced $18 million in Series B-1 financing led by Northpond Ventures. The new funding gives the company more than $107 million in total funding since the company was founded in 2005. The funding will be used on commercial development. This follows the first full year of commercialization of Spear, its lead insecticidal peptide that targets pests and insects on specialty crops, such as pistachios.

— Christine Hall

Foodtech

Redefine Meat lands $29M: Israeli alternative meat maker Redefine Meat said Tuesday is closed on a $29 million round of Series A funding led by Happiness Capital and Hanaco Ventures. Redefine specializes in creating sustainable plant-based meat products with a taste and mouthfeel of animal meat. The funding will be used to expand its product offering, its commercial launch this year and large-scale production facility for its 3D alt-meat printers.

— Christine Hall

New funds

01 Advisors raises $325M second fund: San Francisco-based 01 Advisors, a venture capital firm led by early Twitter executives Dick Costolo and Adam Bain, has closed on $325 million for its second fund, which will focus on growth-stage Internet and technology companies.

How Women Invest announced its first fund of $10 million: How Women Invest (HWI) a Bay Area based fund raised $10 million from over 200 limited partners. “The pace at which this Fund closed, within a pandemic, is a true sign of the demand and desire of accredited female investors to move the dial on funding female-founded businesses,” said Erika Cramer, Managing Partner at How Women Invest. Julie Castro Abrams co-founder of HWI is also the founder of How Women Lead, a network of executive women. HWI plans to invest in 10-12 companies with an initial $250,000 to $750,000 for investment with reserves for follow on investing. HWI is also announcing two portfolio company investments in Gray Matter Analytics a healthcare analytics company, along with an investment in Hitch Works, a talent development platform. 

— Joanna Glasner, Gené Teare

M&A

CELLINK buys Genolis: Swedish biotech CELLINK, a developer of “bioinks” targeted for use in printing tissues, has reached an agreement to acquire the Finland-based robotics and diagnostic automation company Ginolis for €70 million (US$85M) in a mix of cash and stock.

— Joanna Glasner

Illustration: Dom Guzman

 

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