Recent news from the world of startups, venture investors, and future-building founders.
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Morphoceuticals, a biotechnology company advancing artificial intelligence-guided electroceuticals to regenerate limbs, repair tissues, and regenerate organs, raised $8M from Prime Movers Lab and Juvenescence.
Morphoceuticals' scientific founders successfully demonstrated limb regeneration in an African clawed frog in early 2022, becoming the first to achieve functional limb regeneration in an adult animal of a species that does not naturally regenerate complex limbs in adulthood.
The treatment consisted of a drug cocktail applied in a wearable bioreactor on the frog's hind leg for just 24 hours, which triggered an 18-month period of regrowth that regrew the leg and restored its functionality.
Ledge, a company providing a no-code payments command center built to empower CFOs and their finance teams, raised $9M from New Enterprise Associates, Vertex Ventures, FJ Labs and Picus Capital.
Axion Ray, an AI product integrity intelligence platform that extracts actionable insight from unstructured manufacturing data in real time, raised $7.5M in seed funding from Amplo, Inspired Capital, Boeing, and Tinicum Venture Partners.
Robigo, a biomanufacturing company developing microbial platform technology that leverages bioengineering and data science to precisely protect crops from disease while being safe to beneficial microorganisms, pollinators, humans, and the environment, raised $6.85M from Congruent Ventures, Good Growth Capital and First Star Ventures.
Sandbox Banking, a fintech company building a low-code integration platform to help banks and credit unions connect fintech products into their existing systems, raised $4.3M from Horizon Ventures, Forum Ventures, SixThirty, and Tuesday Capital.
BlueTrace, a traceability solution for seafood harvesters, growers, distributors, processors, and dealers, raised $3.2M from York IE, Maine Venture Fund, Coastal Enterprise Ventures, SeaAhead.
CommandK, a cybersecurity company focused on end-to-end lifecycle of sensitive data, raised $3M from Lightspeed, Robin Vasan, Jon Gelsey, Sundeep Peechu, Akash Saxena, Pratyus Patnaik, Abinash Tripathy, and AllIn Capital.
Previa Medical, a startup specialized in developing predictive medical devices that reduce the risk of complications in healthcare settings, raised €2.1M from Kreaxi, M2care, Veymont Participations, Hopla Memory, CCI Capital Croissance, Holding Seraip, Bpifrance and BNP Paribas.
Counteract, a company combating the climate crisis through insight, investment and invention in carbon removal, closed their venture capital fund, raising €39.38M.
The fund will invests in early-stage companies across the full spectrum of greenhouse gas removal solutions and aims to remove five billion tonnes of CO2.
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