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HBS Alumni Startup Corner: Summer Funding Update

  1. Ecto, an aquaculture biotech company founded by Dmitry Kozachenok (MBA ’13), raised $7.2M from Aqua Spark and Vodia Ventures. 

  2. Burro, an autonomous farming company founded by Charlie Anderson (MBA ’14), raised $6M from ff Venture Capital and SVG Ventures. Consumer

  3. Gympass, a Brazilian fitness company founded by Cesar Carvalho (MBA ’12), raised $220M from Valor Capital Group, SoftBank, Kaszek, and General Atlantic. 

  4. Bloom & Will, a London based flower delivery company founded by Aron Gelbard (MBA ’09), raised $40.8M from General Catalyst, Index, and MMC Ventures. 

  5. Collective Retreats, a hospitality and experience provider originally co-founded by Cristina DeVito (MBA ’08) (who now serves as an adviser to the company), raised $23M from Slow Ventures, First Round Capital, and BBG Ventures. 

  6. Electric Gamebox, an immersive group entertainment platform led by Tough Mudder founder Will Dean (MBA ’09), raised $11M from Index, Brookfield Asset Management, and Project A Ventures. 

  7. Wagr, a peer-to-peer sports betting app founded by Mario Malavé (MBA ’20) and Eliana Eskinazi (MBA ’20), raised $4M from Greycroft and Pear VC. 

  8. Revel, a community for women over 50 founded by Alexa Wahr (MBA ’16) and Lisa Marrone (MBA ’17), raised $3.5M from Forerunner Ventures and August Capital. 

  9. Rootine, a nutrition startup founded by Rachel Soper (MBA ’17), raised $3M from Righ Side Capital Management, Techstars, and Cleo Capital. 

  10. Kudos, a disposable diaper company founded by Amrita Saigal (MBA ’14), raised $2.4M from Precursor Ventures, SV Angel, Foundation Capital, Liquid 2 Ventures, and Underscore VC. 

  11. MeTripping, a travel search platform founded by Varun Gupta (MBA ’11), raised $850K from SEA Fund, Arali Ventures, and Wayfare Ventures.   Enterprise 

  12. Eruditus and its online affiliate Emeritus, Indian edtech startups led by Ashwin Damera (MBA ’03), raised $430M and $650M respectively from Sequoia India, Accel India, SoftBank, and Canada’s Pension Plan. 

  13. Outreach, a sales engagement platform founded by Manny Medina (MBA ’03), raised $200M from Spark Capital, Tiger Global, Sapphire Ventures, and Salesforce Ventures. 

  14. At-Bay, a cybersecurity insurance company founded by Rotem Iram (MBA ’13) and Roma Itskovich (MBA ’12), raised $185M from LocalGlobe, Khosla Ventures, Lightspeed, Acrew Capital, and Microsoft’s venture fund M12. 

  15. SellerX, a Berlin-based buyer of fulfilled-by-Amazon businesses founded by Malte Horeyseck (MBA ’10) and Phillipp Triebel (MBA ’10), raised $117M from L Catterton, Village Global, and 83North. 

  16. Bubble, a no-code visual programming language founded by Emmanuеl Straschnοv (MBA ’12), raised $100M from Insight Partners, Signalfire, WndrCo, and Betaworks. 

  17. JW Player, a multimedia player for web and mobile founded by Dave Otten (MBA ’06), raised $100M from Greenspring Associates, Greycroft, and Headline. 

  18. Instawork, a career marketplace for hospitality professionals founded by Sumir Meghani (MBA ’08), raised $60M from Spark Capital, Craft Ventures, and Benchmark. 

  19. OpenSesame, a corporate training course e-publisher founded by Don Spear (MBA ’86), raised $50M from Altos Ventures and FTV Capital. 

  20. WeMaintain, a Paris-based elevator maintenance startup founded by ​​Benoit Dupont (MBA ’16), raised $35.1M from Eurazeo and Idinvest Partners. 

  21. Cobli, an IoT company for LatAm fleets founded by Parker Treacy (MBA ’12), raised $35M from SoftBank, Qualcomm Ventures, Valor Capital Group, and NXTP Ventures. 

  22. Retain.AI, a customer insights platform founded by Eric Chernoff (MBA ’13), raised $23M from Emergence and Afore Capital. 

  23. Visualping, an RPA company for change alerts founded by Serge Salager (MBA ’04), raised $6M from Mistral Ventures and FUSE. 

  24. Upscribe, a subscription ecommerce platform founded by Dileepan Sivapathasundaram (MBA ’13), raised $4M from Uncork and The House Fund.

  25. ApnaKlub, a consumer goods procurement marketplace founded by Shruti Gupta (MBA ’19), raised $3.5M from Surge, Whiteboard Capital, and Blume Ventures.

  26. Factal, a cybersecurity company founded by Charles Tillinghast (MBA ’90), raised $3.3M from Arthur Ventures and SeaChange. 

  27. Shelflife, a B2B procurement platform for food and beverage brands founded by Lillian Cartwright (MBA ’20), raised $3M from The MBA Fund, Kindred Ventures, Rough Draft Ventures, Dorm Room Fund, and Next View Ventures. 

  28. Sona, a frontline staff scheduling platform founded by Oli Johnson (MBA ’11), raised $1.6M from Speedinvest. 

  29. Liatris, a building materials company founded by Frank Yang (MBA ’06), raised $1M from Propel(X) and the Maryland Momentum Fund. Fintech, Crypto, and Real Estate

  30. Capchase, a fintech platform founded by Przemek Gotfryd (MBA ’21) and Miguel Fernandez Larrea (MBA ’21) that provides upfront funding to SaaS companies based on their future revenue, raised $280M and $125M in debt and equity in two rounds this summer from QED, i80, Caffeinated Capital, ONEVC, and Bling Capital. 

  31. FalconX, a cryptocurrency brokerage founded by Raghu Yarlagadda (MBA ’14) and Prabhakar Reddy (MBA ’14), raised $210M from Coinbase Ventures, Sapphire Ventures, B Capital, And Fidelity. 

  32. Habi, a Colombian real estate i-buyer founded by Brynne McNulty Rojas (MBA ’16), raised $100M from SoftBank, Tiger Global, FJ Labs, and 8VC. 

  33. Pintu, a crypto assets platform founded by Jeth Soetoyo (MBA ’19), raised $35M from Coinbase Ventures, Pantera Capital, Lightspeed, and The Spartan Group. 

  34. EmCasa, a Brazilian real estate marketplace founded by Gustavo Vaz (MBA ’18) and Yann Metz (MBA ’18), raised $21M from Monashees, Canary, and Pear VC. 

  35. Jones, a real estate insurance startup founded by Omri Stern (MBA ’15), raised $12.5M from Khosla Ventures, MetaPop, and JLL Spark. 

  36. Lidya, a fintech platform for Nigeria founded by Tunde Kehinde (MBA ’11), raised $8.3M from Musha Ventures, Flourish Ventures, and Mastercard Start Path. 

  37. Monarch Money, a personal finance platform to track expenses founded by Ozzie Osman (MBA ’14), raised $4.8M from Accel and SignalFire. 

  38. CrediVerso, a fintech platform focused on the U.S. Latino population founded by Charlie Hernández (MBA ’17), raised $3.1M from Point72 Ventures, Clocktower Technology Partners, and Bessemer Venture Partners. 

  39. Foundation Devices, an open-source hardware company for Bitcoin founded by Zach Herbert (MBA ’17), raised $2.5M from Bolt, Unpopular Ventures, and Third Prime. Healthcare (for humans) 

  40. Zus Health, a digital healthcare platform founded by Jonathan Bush (MBA ’97), raised $34M from Andreessen Horowitz, F-Prime Capital, and Maverick Ventures. 

  41. Medrhythms, a digital therapeutics company founded by Owen McCarthy (MBA ’15), raised $25M from Advantage Capital, Morningside Ventures, and Bose Ventures. 

  42. SolasCure, a wound care startup founded by Benjamin Newmark (MBA ’16), raised $20.4M from Seneca Partners, Bionova Capital, and the Development Bank of Wales. 

  43. Connie Health, an eldercare company founded by Oded Eran (MBA ’16), raised $13M from Khosla Ventures, Pitango Venture Capital, and Abstract Ventures.

  44. Minded, a mental health telecare company founded by David Ronick (MBA ’94), raised $9M from Streamlined Ventures and Link Ventures. 

  45. Elektra Health, a women’s healthcare platform founded by Jannine Versi (MBA ’14), raised $3.7M from Seven Seven Six, Flybridge, Human Ventures, Flare Capital Partners, and January Ventures.Healthcare (for pets)

  46. Embark, a pet health platform originally co-founded by Matt Salzberg (MBA ’10) (who now sits on the board), raised $75M from SoftBank, FJ Labs, F-Prime Capital, and Slow Ventures. 

  47. Mixlab, a pet pharmacy founded by Frederic Dijols (MBA ’13), raised $20M from TQ Ventures, Global Founders Capital, and Brand Foundry Ventures. 

  48. Wagmo, a pet wellness company founded by Christine Horvath (MBA ’18), raised $12.5M from Clover Health and Flatiron Health. 

  49. PawTree, a pet food company founded by Roger Morgan (MBA ’99), raised $1M from undisclosed investors. If you believe any HBS alumni startup fundings from this summer are missing, please reach out to me via the contact information below!

 
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