Every week we highlight new funding successes from companies bringing about change in their industries.  We amplify the voice of companies delivering on tech innovation whilst also utilizing remote work, or being clear on the importance of D&I to their brand. All ingredients that talent.ai focus on when selecting the best tech startup funding rounds of the last 7 days. 

We see these journeys as an inspiration, offering insights to other founders, startups and innovators looking to evolve their stories into something extraordinary.  We know the hard work behind these accomplishments and always seek to recognise and applaud those involved from leadership and founders and their entire teams. 

Congratulations to all the founders and teams! 

Seed

Rever

Co-Founder – Màrius Montmany

Co-Founder – Oriol Hernandez i Fajula

Rever is an e-commerce tech startup that helps companies process and resolve returns quickly and easily. This return management software helps online stores improve customer attention and reduce processing costs. 

Barcelona-based Rever just raised a seed funding round investment of €7.5 Million from various investors like Sequoia’s Scouting Fund, the Spanish VC Mundi Ventures, and Y Combinator. Funded just in 2021, the company had already raised a €1 Million investment.

The company has not provided any public revenue or client numbers but claims to have over 140 customers in 40 countries. Additionally, they are expecting a 5x growth in revenue throughout 2023. Let’s see what the return on investment is for Rever. 

Series A 

Tomorrow University 

Co-CEO & Co-Founder – Christian Rebernik

Co-CEO & Co-Founder – Thomas Funke 

Tomorrow University of Applied Sciences is an EdTech startup creating educational programs and degrees centred around the most in-demand skills. The company also focuses on key areas of development: sustainability, entrepreneurship, technology, innovation, and leadership.

Berlin-based Tomorrow University just added a Series A funding round of $10 Million to its funding. The round was led by Europe’s largest EdTech investor group EduCapital with participation from other groups and angel investors. 

The new funding will help develop Tomorrow Univesity’s infrastructure and platform, as well as expand on its current degree portfolio. Shortage of talent and skilled labours is one of the biggest challenges of our future, and initiatives like Tomorrow Univesity’s could be the answer to ace this test! 

System Initiative 

CEO & Co-Founder – Adam Jacob

COO & Co-Founder – Mahir Lupinacci

System Initiative is a platform that helps DevOps teams build simulations of their infrastructure and quickly update their production environments. Its system provides a complete overview of the infrastructure which makes intricate updates easier to manage and automate. 

San Francisco-based System Initiative just announced a joint seed and Series A funding round. Having raised a $3 million seed round led by Amplify Partners, and a $15 million Series A round led by Scale Venture Partners. Both rounds included participation from additional existing and new investors. 

System Initiative is available in a private beta version for DevOps and will soon launch in an open-source and community-driven format. The company hopes to take DevOps to its highest potential to power more innovation.  

Series B

KoBold Metals

CEO & Co-Founder – Kurt House

KoBold Metals is a mineral exploration tech startup using AI and machine learning to help find the minerals needed for battery production. The company combines data, and artificial intelligence to reduce the cost and increase the speed of mineral exploration. 

Berkeley-based KoBold had one of the best weeks in tech. The company reached unicorn status after a $1.15 Billion valuation. Plus, a significant Series A funding round of $195 was led by T. Rowe Price. Investment also included some of the biggest names in tech including Andreessen Horowitz, Bill Gates, and the Jeff Bezos-backed Breakthrough Energy Ventures. 

Not a huge surprise since the company has previously raised a massive $192.5 Series B round. Furthermore, the company combines two of the hottest industry niches, clean energy and artificial intelligence. Massive investment and massive expectations follow this company.  

TreasurySpring 

CEO & Co-Founder – Kevin Cook

COO & Co-Founder – Matthew Longhurst 

CTO & Co-Founder -James Skillen

TreasurySpring is a B2B fintech startup helping companies through their platform to access and manage short-term cash investments. The company is minimizing risks and maximizing investment benefits to what would otherwise be idle cash holdings. 

London-based TreasurySpring just raised a $29 Million Series B round led by Balderton Capital with additional backing from new and existing investors. The company’s three founders Kevin Cook, James Skillenand Matthew Longhurst, all come from investment backgrounds and wanted to build a tool to make it more accessible to mid-range and startup companies. 

Issues with bank crashes like Credit Suisse and SVB have put the company on the map and increased interest from companies looking to make their cash profitable and safer. While TreasurySpring is aiming for accessibility, its clients are not small fish, most have from $5 to $10 million in cash to invest.