Anterior, a company that uses AI to expedite health insurance approval for medical procedures, has raised a $20 million Series A round at a $95 million post-money valuation led by NEA, according to two people familiar with the deal.
Existing investors Sequoia, which led Anterior’s $3.2 million seed round last September, and Neo, an accelerator that helped the company launch in the summer of 2022, also participated in the Series A financing.
The company has built an LLM-powered co-pilot that helps nurses and doctors save hours on gathering medical documentation required by insurance.
While Anterior’s initial offering is in prior authorization automation, the company eventually plans to expand into other medical administrative functions.
Makhzoimi also backed Xaira, an AI drug discovery startup that launched this year with $1 billion in funding.
While the food tech investment sector figured itself out last year, Miruku, a New Zealand-based food tech company, was busy getting ahead of molecular farming technology.
Since the seed round, the company made advancements in its proprietary dairy seed system.
Initially, Miruku focused on programming plants to produce dairy proteins that could be extracted from seeds.
That approach has since expanded to leverage interactions between recombinant dairy casein and native plant proteins, with or without improved fatty acid profiles.
It was led by Motion Capital and included seed round investor Movac and new investor NZVC.
A year after securing $24.5 million in Series A capital, ingredient company Elo Life Systems is back with a $20.5 million Series A extension from existing investors.
This new cash infusion gives Elo Life $45 million in venture-backed capital to date.
North Carolina-based Elo Life was founded in 2021 and is focused on a number of technologies from developing plant-based sweeteners to crop protection.
Its first product, launching in 2026, will be a natural, monk fruit-derived sweetener that Elo Life touts is 300 times sweeter than sugar without the calories.
Simply put, it uses plants as “biofactories” to produce the monk fruit sweetener in other easier-to grow-crops, like watermelons and sugar beets.
Digital Onboarding, a SaaS company specializing in helping financial institutions strengthen relationships with customers, secured $58 million in growth capital from Volition Capital to continue developing its digital engagement platform.
They changed the name to Digital Onboarding and began selling its engagement platform to banks and credit unions in January of 2018.
Communications from financial institutions, which are under strict regulations, is often paper-based, especially when opening a new account.
This often leads to between 25% and 40% of new checking accounts closed within the first year, said Brown, CEO of Digital Onboarding, citing a statistic from the 2023 Future of Finance Report.
Digital Onboarding is working with more than 140 financial institution customers.
Conta Simples, an expense management and corporate card company in Brazil, raised a Series B round of $41.5 million, or more than R$200 million.
The new funding comes as company executives Rodrigo Tognini, CEO, and Taeli Klaumann, CFO, tell TechCrunch that 2023 was the “best year” for Conta Simples.
In 2022, the company acquired online ads startup Hackr Ads following a R$121 million Series A ($24.8 million in today’s dollars).
This gave Hackr Ads’ customers the ability to use Conta and for Conta to provide its customers with a way to manage advertising campaigns.
“Some big companies, not only in Brazil, but all countries, are not well served with expense management, so there is a huge potential there,” Klaumann said.
Clients using Deco.cx see, on average, a 5x increase in PageSpeed score and a 30% increase in conversion rates, Crespo said.
Deco.cx signed over 65 clients, including Brazilian retail brands Grupo Reserva, Osklen and Zee.Dog.
It also amassed a community of more than 2,400 web developers and 36 system integration partner agencies.
He also wants to grow the company by bringing on additional engineers so Deco.cx can go into new markets, particularly the United States.
“We want to be the first choice for the next 10 million web developers who don’t want to spend our time connecting pipes.”
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