Pathalys Pharma Lands $150M; Impel Drives Away With $104M

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This is a weekly feature that looks at the top 10 funding rounds announced for the week in the US. Check out the top funding rounds from the past week here.

After a strong start to the year, this week slowed down. No round came close to $200 million, and only three rounds reached the $100 million mark. Healthcare and biotech came to the fore again, as well as a startup using AI (it’s everywhere) to help people buy a car.

one. Pathalys Pharmacy$150 million, biotechnology: Raleigh, North Carolina-based Pathalys Pharma is the latest healthcare/biotech startup to raise a big round this year. The late-stage biopharmaceutical startup raised $150 million through what it called “a combination of secured product financing and equity to support the two Phase 3 clinical trials, registration efforts, and pre-market activities for upacicalcet.” , which is used to treat hyperparathyroidism. Abingworth was the main investor. Simultaneously, the company and Launch Therapeutics also announced a collaboration to advance Phase 3 clinical trials for the drug. Founded in 2021, Pathalys has raised $150 million to date, according to the company.

2. Boost$104M, automotive: AI is everywhere right now, so why not buy a car? New York-based digital engagement startup Impel scored $104 million in growth investment led by capital silver partners with additional investment of Wavecrest Growth Partners. The startup offers an AI-powered customer engagement platform for the automotive industry. Impel claims to have played a role in $2 billion worth of car sales since its inception in 2011. With so much data being generated about car buying, especially with so much car shopping online, Impel can use artificial intelligence to target customers with personalized messages. . Founded in 2011, the company has raised $130 million, according to Crunchbase.

3. Windmill$100M, environmental consulting: Mill was founded in 2020 by Nest alumni, beloved by smart homes. The San Bruno, California-based startup is on a mission to eliminate all waste and, in an effort to do so, is asking people to purchase a $33 monthly subscription for a 2-foot-tall kitchen bin. that “dries, shrinks, and eliminates odors.” ,” What Bloomberg reports. That same report also revealed that Mill has raised multiple rounds of funding from investors such as Innovative energy companies Y Energy Impact Partnersand has raised more than $100 million, but did not release an exact dollar figure.

Four. medical landmark$80 million, healthcare: Another healthcare-related company ranks in the top 5. Valencia, California-based clinical-stage healthcare startup SetPoint Medical has raised $80 million in a preferred stock financing co-led by new investors Northwest Venture Partners Y Viking World Investors. The company is developing a treatment for inflammation-mediated chronic autoimmune diseases with a focus on treating rheumatoid arthritis. Founded in 2006, the company has raised $344 million, according to Crunchbase.

5. Vannevar Laboratories$75 million, homeland security: Defense startups seem to be having a moment. Drone companies that help with homeland security have raised money recently and late last year.Anduril locked up a Series E worth nearly $1.5 billion valuing the company at $8.5 billion. That nearly doubles the company’s previous June 2021 valuation. Palo Alto, California-based homeland security technology developer Vannevar Labs is the latest after raising a $75 million Series B led by Felix one. Founded in 2019, Vannevar Labs has now raised more than $90 million, according to the company.

6. Outrider$73M, logistics: Golden, Colorado-based Outrider, a developer of software that enables autonomous yard operations for fulfillment centers, closed a $73 million Series C financing led by Capital FM. Founded in 2017, Outrider says it has raised $191 million to date.

7. cloudian$60 million, cloud storage: San Mateo, California-based cloud storage startup Cloudian has closed a new $60 million round of funding from various investors, including the likes of intel capital Y Silicon Valley Bank. Founded in 2011, Cloudian has now raised $233 million, according to the company.

8. ADARx Pharmaceuticals$46 million, biotechnology: San Diego-based ADARx Pharmaceuticals, a clinical-stage biotech startup developing RNA-targeted therapeutics, raised a $46 million Series B-1 led by Ascent Capital. Founded in 2019, the company has raised $132 million to date, according to Crunchbase.

9. MacroFab$42 million, manufacturing: Houston-based cloud manufacturing platform developer MacroFab raised $42 million led by Foundry. Founded in 2013, MacroFab has raised a total of $82 million, according to the company.

10 sublime systems$40M, energy: Somerville, Massachusetts-based Sublime Systems, a developer of decarbonized cement, closed on a $40 million Series A led by low carbon equity. It is the company’s first financing, according to Crunchbase.

Great global deals

Despite some big rounds of US-based startups this week, the three biggest came from abroad.

• based in india PhonePea mobile payment app, raised a venture round of $350 million.
• based in china GenScript ProBioa biopharmaceutical R&D and production platform, raised a $220 million Series C.
• London based electric vehicle manufacturer a motorcycle closed a venture round worth approximately $152 million.

Methodology

We tracked the largest announced rounds in the Crunchbase database that were generated by US-based companies during the seven-day period of January 14-20. Although most of the announced rounds are represented in the database, there might be a small delay as some rounds are reported at the end of the week.

Illustration: Dom Guzman