Several tech companies – COVU, Noetica AI, Numeric and FlexFactor — recently announced significant VC funding rounds, signaling strong investor confidence across various sectors.
COVU raises $12.5 mn
AI-native insurance services leader COVU announced the completion of $12.5 million in equity and debt financing as part of its Series A round.
This investment, led by Benhamou Global Ventures, ManchesterStory, and Markd, brings COVU’s total funding to over $20 million. COVU will use the funds to expand operations, enhance AI-powered platform, and help insurance agencies streamline workflows and improve customer service.
Noetica AI secures $22 mn
Noetica AI, a platform for deal-term analytics in capital markets, raised $22 million in Series A funding led by Lightspeed Venture Partners. The company plans to expand its platform, which has benchmarked terms for over $350 billion in transactions, and continue growing its client base among top law firms and financial institutions.
Numeric closes $28 mn
Financial data platform Numeric has raised $28 million in a Series A round led by Menlo Ventures. The platform, which provides real-time financial insights, has experienced rapid growth, with customers like OpenAI and Brex. The funding will drive engineering hires and further product development.
FlexFactor raises $16.8 mn
FlexFactor, a provider of payment decline recovery solutions for eCommerce, secured $16.8 million in Series A funding from Bessemer Venture Partners. The company aims to reduce the $500 billion in lost sales annually due to failed payments, helping merchants recover lost revenue and build stronger customer relationships.
MiLaboratories raises $10 mn
MiLaboratories has raised $10 million in Series A funding, led by Kfund. This financing supports its revolutionary Platforma.bio SDK, designed to streamline genomic research. The company plans to expand its reach, particularly in the U.S. market.
MeWe secures $6 mn
MeWe, a privacy-focused social media platform, secured $6 million in Series B funding from McCourt Global. This round will help MeWe integrate Web3 for its 20+ million users and enhance user engagement through a native token.
