Company Fundraising News: October 2024

Rundit’s Company Fundraising News is back!

This October, we’re thrilled to announce the return of our highly anticipated Fundraising Newsletter, where we connect exceptional companies with top-tier investors from our extensive network. 🎉

🤝 At Rundit, we empower startups seeking capital by introducing them to over 10,000 venture capitalists and 1,000+ angel investors globally! Our mission is to bolster the startup ecosystem, and investors frequently seek our recommendations for featured companies in this newsletter. If your company is fundraising and you would like to join us on the next newsletter – fill in this form!


Vendora

Industry: Marketplaces

Round details: Series A – 5M€

Vendora is Europe’s pioneer in borderless C2C marketplaces for pre-loved items across Europe. We’ve cracked trust in Europe’s challenging markets, enabling seamless cross-border transactions.

Key Highlights:

– Growth: €12M GMV, 350% YoY.

– Liquidity: 14% of purchases within a day, 28% within a week.

– Inventory: 180,000+ new listings monthly.

– Diverse: Games, collectibles, fashion, electronics, more.

– Network Effects: 42% of sellers are also buyers.

– Loyalty: 43% monthly buyer return rate, 59% seller return rate.

– AI fraud detection, integrated payments, cross-border shipping with 100% money-back guarantee, fostering trust in Europe’s least trusting markets.

– Founded by former co-founder of Marktplaats.nl (€290M exit to eBay).

– Market leader in Greece, launched in Cyprus and Bulgaria, ready to scale in EU.


Adamant Health

Industry: Health Tech/ Deep Tech/ Medical Devices

Round details: Late Seed – 3M€ Equity + 2M€ non-dilutive

Parkinson’s disease (PD) is the fastest-growing neurological disorder globally, with care costs rising rapidly. Optimizing medication for each patient could cut overall care costs by two-thirds, potentially saving annually up to €200 billion in care costs by 2050.

Adamant Health offers innovative, AI-powered, one-of-a-kind technology to revolutionize PD care and improving patient quality of life without disrupting healthcare systems. Our patented, CE-marked technology uses surface EMG and motion measurement for enabling personalized treatment. Our service is targeted at healthcare providers, research organizations, and pharmaceutical companies.

Adamant Health is a four-year-old company with early customers in Finland and Germany. We seek €3M equity to scale operations and prepare for the US market entry.


Mia Health AS

Industry: Preventative/ Proactive Health

Round details: Seed – 2M€

Stay active to stay healthy. Mia is designed for everyone, regardless of physical fitness, tracking your progress over time to ensure you’re doing enough to stay healthy. Our digital twin is based on world-leading research from The Norwegian University of Science and Technology (NTNU).


StemSight

Industry: Biotech

Round details: Seed – 2M€

StemSight is developing off-the-shelf advanced therapies for curing blindness. Based on 20 years of clinical stem cell research for eye applications, StemSight’s first product is aimed at a pressing unmet need in corneal blindness called Limbal Stem Cell Deficiency – a severe rare disease which affects over 20,000 patients in Europe and the US who are most often blinded in their mid-30s due to injury or infections. StemSight’s product aims to restore sight to these patients by replacing the lost cells in the eye. Our approach is highly-differentiated in a $14b unaddressed market. In the future, we aim to use our therapeutic platform to create a pipeline of other sight-restoring therapies. We are in the middle of a 2 million equity round, that we will supplement with already-awarded non-dilutive funding for a total funding of 5,7 million €. The seed round will advance our lead asset towards clinical trials, estimated to start in 2027, and strengthen our pipeline.


Danu Robotics

Industry: Robotics

Round details: Seed – 2MÂŁ

Danu Robotics is an Edinburgh based cleantech company and are developing the world’s first AI guided, team-based, multi-picker robotic sorting system for waste management companies to fully automate their waste sorting process. Our vision is to bring supercomputing to robotics and to become the recycling industry’s default robot sorter provider. We have developed the first version of the product consisting of one vision system, one central control system and two robotic pickers.

We have successfully completed a beta system trial at one customer site last year, and at the same time, we have secured two paid-for pilot projects with EGF, Portugal’s biggest waste management company processing 60% of country household waste. Our technology has obtained 100% product market fit and we are in commercial discussions with the UK leading waste management companies including Veolia, Biffa and Suez representing 60-70% of the market share.


Ocean’s Balance

Industry: Seaweed

Round details: Seed – 1,75M$

Ocean’s Balance is a Maine-based seaweed ingredients company that is harnessing the power of the ocean to build a more resilient and climate-friendly planet. We’re addressing the rapidly growing demand for seaweed as an industrial ingredient in a wide range of markets driven by its unique properties and the demand for regenerative solutions. Ocean’s Balance has established a robust and cost-effective supply chain and advanced processing techniques to manufacture functional ingredients including a unique carrageenan replacement product line.


Wudpecker

Industry: AI Software

Round details: Seed – 1M€

Wudpecker is the next-generation Product Intelligence tool, bridging the gap between user feedback and actual product usage. Our platform solves a critical problem for product managers who struggle to connect qualitative insights from user interviews with quantitative data on feature usage. Wudpecker’s unique capabilities include recording and transcribing user interviews, integrating with product analytics tools, and combining insights from both qualitative and quantitative data sources. This comprehensive approach provides a complete story of user behavior and preferences.

Since launching, we’ve seen explosive growth, with 16000+ users (5x YoY), 200,000+ recorded meetings, and €6,074 in MRR. We’re targeting the $20B product analytics market, starting with PostHog’s 100,000 users as our initial testing ground.

Our experienced founding team brings strong technical backgrounds and startup experience. With €500k already committed from Trind VC, we’re seeking a €1M equity seed round to fuel our growth, expand our capabilities, and revolutionize how product managers make decisions.

Join us in creating the future of Product Intelligence, where user feedback and usage data seamlessly combine to drive better product prioritization and development.

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