Top Funded Startups in January, 2024
In January 2024, several startups had significant financial movements, with several companies securing substantial investments across diverse sectors. This influx of capital reflects investor’s confidence in emerging technologies and innovative business models.
The funding rounds ranged from pre-seed to Series A and beyond, indicating an appetite for early-stage ventures and more mature startups poised for scaling. Key industries saw notable investments, reflecting trends toward healthcare innovation, fintech expansion, and AI integration.
These developments signal broader economic shifts as venture capital continues to fuel transformative ideas and technologies with the potential to reshape markets globally. This article has comprised a list of top-funded startups categorized based on their stages. Let’s look at them one by one.
TOP PRE-SEED FUNDED STARTUPS, JANUARY 2024
Pre-seed funding marks the earliest stage of startup financing. It helps founders transform their visionary ideas into viable business models. Let’s look at the top pre-seed funded startups with their funding details.
Accelerate Dental Holdings
As a Dental Partnership Organization (DPO), Accelerate Dental Holdings is revolutionizing dental care by maintaining a patient-first culture, investing in successful practices, and offering unparalleled business support. In January 2024, the company, based in Murray, Utah, successfully raised $11.7 million in seed funding to support its mission.
Echo Labs
Echo Labs, situated in San Francisco, California, aims to democratize education by making content accessible to all students and overcoming language, learning style, or hearing barriers. The company raised $7.7 million in seed funding in January 2024 from investors such as Basis Set Ventures, Daniel Gross, Dundee Venture Capital, Nat Friedman, and Techstars, underscoring its commitment to transforming the Artificial Intelligence, Machine Learning, and Speech Recognition industries.
unSkript, Inc
unSkript, Inc., utilizing Generative AI and adaptive health checks, proactively addresses issues within Kubernetes (k8s) clusters. The firm attracted $3.75 million in seed funding in January 2024 from First Rays Venture Partners, Scribble Ventures, WestWave Capital, and Zero Prime Ventures. Based in Los Altos Hills, California, unSkript is advancing the Artificial Intelligence, Cloud Management, and DevOps sectors with innovative solutions.
Bagel Network
Bagel Network facilitates collaboration between humans and AI agents to develop, trade, and license Machine Learning datasets. This Delaware, New Jersey-based initiative garnered $3.1 million in seed funding in January 2024, with capital from investors like Borderless Capital, Breed VC, CoinFund, Graph Paper Capital, Maven 11 Capital, and Protocol Labs, highlighting its innovative approach in the Artificial Intelligence, Blockchain, and Information Technology fields.
Cargado
Addressing the increasing trade between the U.S. and Mexico, Cargado, from Chicago, Illinois, simplifies cross-border processes with its software solutions. The company raised $3 million in seed funding in January 2024, supported by a diverse group of investors, including Amanda Lannert, Craig Fuller, Deepak Chhugani, Drew Herpich, Ezra Galston, Ironspring Ventures, Michael Elnick, Proeza Ventures, Sahil Bloom, Thomas Elnick, Wischoff Ventures, and Zenda, marking a significant step forward in the Logistics and Supply Chain Management sector.
Metris Energy
London-based Metris Energy empowers commercial property owners to seamlessly transition to solar energy. The company raised $2.55 million in seed funding in January 2024 from AENU and Octopus Ventures, aiming to simplify solar installation with its innovative technology and expert guidance in the Artificial Intelligence, Renewable Energy, and Solar industries.
Send AI
In Amsterdam, Send AI emphasizes the importance of data security and compliance in handling sensitive information. The company secured $2.5 million in seed funding in January 2024 from Gradient Ventures and Keen Venture Partners, reinforcing its commitment to the Information Technology, Machine Learning, Natural Language Processing, SaaS, and Software sectors with high-security data solutions.
Crew
Crew assists parents in Lehi, Utah, with financial management tools to secure their children’s futures. With $2.5 million in seed funding received in January 2024, the company’s innovative approach promises to significantly advance in Finance, Financial Exchanges, and Financial Services.
Safary
Operating from San Francisco, California, Safary is pioneering privacy-friendly, cookieless Web3 analytics to streamline wallet acquisition. The company raised $2.4 million in seed funding in January 2024, with support from Arca, Big Brain Holdings, Diaspora Ventures, Lemniscap, Saison Capital, and SevenX Ventures, offering a groundbreaking solution in Marketing, Software, and Web3 analytics.
Pine Games
Istanbul’s Pine Games is passionate about creating mobile gaming experiences with broad appeal and lasting impact. The company raised $2.25 million in seed funding in January 2024, funded by 500 Emerging Europe, Laton Ventures, and Mert Gür, dedicating its efforts to producing timeless, engaging games for a global audience in the Gaming and Mobile sectors.
TOP SEED FUNDED STARTUPS, JANUARY 2024
Seed funding represents the initial investment that helps to nurture a startup’s growth from concept to early stages of operation. This early financial support is important for startups to develop their product, conduct market research, refine business models, and attract further investment necessary for scaling. Here are the top seed-funded startups from January.
Portal
Portal is reshaping the financial landscape by building a web-scale, serverless, peer-to-peer infrastructure that promotes financial self-sovereignty. With a mission to expedite hyperbitcoinization, Portal empowers individuals globally with a suite of tools designed for financial independence. The company successfully raised $34 million in funding on January 30, 2024, supported by investors like Arrington XRP Capital, Coinbase Ventures, Gate.io, and OKX Ventures.
Sakana AI
Sakana AI is at the forefront of artificial intelligence research, aiming to establish a world-class AI lab in Tokyo, Japan. The company is developing innovative foundation models inspired by natural intelligence, marking a new era in AI technology. With a funding achievement of $30 million on January 16, 2024, supported by investors like 500 Global, Alexandr Wang, Basis Set Ventures, Clément Delangue, Geodesic Capital, Global Brain Corporation, JAFCO, Jeff Dean, July Fund, KDDI Open Innovation Fund, Khosla Ventures, Learn Capital, Lux Capital, Miyako Capital, NTT Group, and Sony.
DISCO Pharmaceuticals
DISCO Pharmaceuticals is revolutionizing patient care by maximizing the effectiveness of targeted cancer therapies. Utilizing groundbreaking cell surfaceome discovery technology, the company seeks to explore new possibilities in cancer treatment. The company raised over $21.75 million on January 16, 2024, supported by investors like AbbVie Biotech Ventures, M Ventures, Panakes Partners, and Sofinnova Partners.
Paques Biomaterials
Paques Biomaterials is innovative in the biotechnology sector by turning organic side streams into biobased and biodegradable alternatives to plastic. With a vision for sustainability, the company secured $15.2 million in funding on January 27, 2024, indicating a significant move towards environmentally friendly materials. The investors were Invest-NL and NV NOM.
Blocklords
Blocklords introduces an immersive multiplayer experience and strategy game that enthralls players with depth and engagement. The investors were Animoca Brands, BITKRAFT Ventures, Delphi Ventures, FunPlus, Krafton, Makers Fund, Square Enix, and Yield Guild Games. By raising $15 million on January 17, 2024, Blocklords sets new standards in the Computer, Gaming, and Video Games industries.
Ernest Energy
Ernest Energy is reimagining the construction industry by leveraging the extensive experience of its team in various complex sectors. Focused on innovation and efficiency, Ernest Energy raised over $13.35 million on January 2, 2024, showcasing its commitment to transforming industries through Artificial Intelligence, Software, and technology-driven solutions.
SynMax
Specializing in satellite data analytics, SynMax uses commercial satellite imagery to enhance the monitoring and discovery of oil and gas assets, alongside providing maritime intelligence data. With $13 million in funding raised on January 8, 2024, from Alex Moore and Bill Perkins, SynMax is advancing the Analytics, Oil and Gas, and Satellite Communication sectors with its innovative approaches.
CarbonPool
CarbonPool spearheads the transition to net zero by offering insurance for carbon credit shortfalls or reversals, thus fostering confidence among buyers, developers, and investors in carbon removal projects. With a funding round of $12.16 million on January 29, 2024, from Axel Theis, Christof Mascher, HCS Capital, Heartcore Capital, Revent, and Vorwerk Ventures, CarbonPool is making significant strides in Environmental Consulting and Insurance.
Aniai
Aniai aims to revolutionize the food service industry by integrating intelligent automation and AI into kitchens of any size. With a team of engineers and innovators, Aniai is transforming food service with technology, having raised $12 million on January 24, 2024, to further its mission in Artificial Intelligence, Industrial Automation, and Robotics within the Food and Beverage sector. The investors include Capstone Partners, Ignite Innovation Fund, InterVest Co., and SV Investment Corp.
Rainbow
Rainbow is transforming the insurance landscape for small businesses, beginning with restaurants, by turning insurance into a tool for positive, risk-preventing impact. With a successful funding of $12 million on January 10, 2024, funded by 8VC, Altai Ventures, Arch Capital Group, Buckley Ventures, Caffeinated Capital, Habitat Partners, and Zigg Capital, Rainbow is at the forefront of innovation in Consulting, Finance, and Insurance.
TOP SERIES A FUNDED STARTUPS, JANUARY 2024
Series A funding represents a critical stage for startups, marking their transition from seed-stage prospects to established businesses ready to scale operations. Here are the top-funded companies in this category.
Cour Pharmaceuticals Development
COUR Pharmaceuticals is revolutionizing immune-mediated disease treatment with first-in-class therapies aimed at reprogramming the immune system for antigen-specific tolerance. On January 30, 2024, the Skokie, Illinois-based company raised $105 million from investors like Alpha Wave Ventures, Angelini Ventures, Bristol Myers Squibb, JDRF T1D Fund, Lumira Ventures, Pfizer Breakthrough Growth Initiative, and Roche Venture Fund to advance their mission in the biotechnology, pharmaceutical, and therapeutics industries.
HashKey Group
HashKey Group is an Asia-based leading digital asset financial services group focusing on compliance-first principles, covering a licensed virtual asset exchange, brokerage platform, digital asset custody services, and blockchain technology investments. With $100 million secured on January 16, 2024, from OKX Ventures, HashKey Group is setting new standards in the Financial Services sector from its Hong Kong headquarters.
OnCusp Therapeutics
Dedicated to converting preclinical innovation into clinically validated cancer treatments, OnCusp Therapeutics secured $100 million on January 4, 2024. The New York City-based company received investments from BioTrack Capital, Blackbird Ventures, Catalio Capital Management, CJNV BioVentures, F-Prime Capital, Forge Life Science Partners, Marshall Wace, Novo Holdings, OrbiMed, Sofinnova Investments.
Lykos Therapeutics
Lykos Therapeutics seeks to transform mental health treatment with novel therapies and approaches. Garnering $100 million on January 5, 2024, from Bail Capital, EIR Pharmaceuticals, Helena, and more, the San Jose, California-based company is pioneering in clinical trials, health care, and medical research. The investors include Bail Capital, EIR Pharmaceuticals, Helena, KittyHawk Ventures, Satori Capital, Steven & Alexandra Cohen Foundation, The Joe and Sandy Samberg Foundation, True Ventures, Unlikely Collaborators, and Vine Ventures.
Harbor Health
Harbor Health raised $95.5 million on January 11, 2024, by integrating primary care, pediatrics, and specialty services. This Austin, Texas-based healthcare provider is supported by 8VC, Alta Partners, General Catalyst, Health2047 Capital Partners, Lemhi Ventures, and Martin Ventures, aiming to enhance medical, mHealth, personal health, and wellness solutions.
Calluna Pharma
Focused on defeating chronic inflammation and fibrosis, Calluna Pharma from Oslo, Norway, raised $81.7 million on January 23, 2024. With funds from Forbion Capital Partners, Investinor, p53, and Sarsia, the company innovates in biotechnology and pharmaceuticals with its first-in-class therapies.
Sion Power
Sion Power is developing advanced energy storage systems for electric vehicles and aerospace, raising $75 million on January 23, 2024. This Tucson, Arizona-based company has attracted investment from Euclidean Capital, Hillspire, and LG Energy Solution, focusing on batteries, electric vehicles, and energy solutions.
Tr1x
Specializing in autoimmune and inflammatory diseases, Tr1x raised $75 million on January 17, 2024. The La Jolla, California-based biotech firm has attracted investments from Alexandria Venture Investments, Neva SGR, and The Column Group, developing regulatory T cell-based products for health care and medical applications.
Moonwalk Biosciences
Moonwalk Biosciences secured $57 million on January 4, 2024, aiming to reprogram cells to their healthy state via epigenetic profiling. This San Francisco company is pioneering biopharma, biotechnology, and life science, supported by Alpha Wave Global, ARCH Venture Partners, Future Ventures, Google Ventures, Khosla Ventures, and YK Bioventures.
Forta
Empowering parents with parent-led therapy for children with autism, Forta raised $55 million on January 17, 2024. The San Francisco-based company has the support of Alumni Ventures, Exor Ventures, Insight Partners, and Umami Capital, innovating in AI, health care, medical, therapeutics, and wellness sectors.
TOP ANGEL FUNDED STARTUPS, JANUARY 2024
Angel funding is a lifeline for early-stage startups, providing capital, valuable mentorship, and network access. The following companies have received angel funding in January.
Artificial Intelligence Risk, Inc.
Located in Cos Cob, Connecticut, Artificial Intelligence Risk, Inc. is set to deliver top-tier cybersecurity, risk, governance, and compliance management for AI systems. With a successful funding round on January 24, 2024, that raised $400,000 from Owl Peak Management, LLC, the company is poised to lead in safeguarding AI technologies across various sectors.
WSK Medical
Amsterdam’s WSK Medical is at the forefront of medical innovation, focusing on developing artificial intelligence software solutions for the early detection and classification of cancerous tumors. The company secured $331,098 in funding on January 1, 2024, demonstrating its commitment to revolutionizing cancer diagnostics through advanced AI technologies.
Fairylife
Fairylife, based in Chennai, Tamil Nadu, aims to transform industries with its commitment to innovation, quality, and eco-conscious product development. With a funding boost of $263,000 on January 18, 2024, supported by Rajesh Chandan, Fairylife is on a mission to deliver products that meet the highest performance standards while being mindful of environmental impact.
Legalyze.ai
Operating from Dallas, Texas, Legalyze.ai is dedicated to empowering legal professionals with AI, ensuring secure implementation and accurate responses to make law firms more competitive. The startup raised $100,000 from Payment Ventures on January 24, 2024, signaling a strong push towards integrating AI into legal services to enhance client satisfaction and efficiency.
River Platform Company
The River Platform Company, based in Portsmouth, New Hampshire, simplifies the orchestration of branded events through its innovative platform, facilitating effortless management with vetted volunteer hosts. The company attracted $50,000 in funding from Balaji Srinivasan on January 15, 2024, underlining its potential to redefine event management through technology.
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As we’ve seen, the top-funded startups in January 2024 show that investments are increasingly driven by technological innovation and strategic market positioning. These trends also highlight the importance of strategic financial planning and accurate business valuations in securing funding.
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Our valuation services offer a foundational step for startups to secure funding and strategically position themselves for long-term growth and success. Reach out to us and discover how our valuation services can propel your startup toward its next development phase!
