Dynamon, an eight-year-old startup based in Southampton, U.K., that specializes in developing advanced data analytics and simulation tools for commercial transport and logistics companies, raised a $5 million round from bp ventures. EU-Startups has more here.
Emtech, a four-year-old New York startup whose platform helps banks to prepare for regulators' testing requirements, raised a $4 million seed round led by Matrix Partners India, with other investors including BTN, VestedWorld, Equity Alliance, LoftyInc Capital, Level Up Ventures, and Collide Capital. The company has raised a total of $10 million. TechCrunch has more here.
Functional Finance, a two-year-old San Francisco startup whose platform enables insurance companies to automate checkout, financing, payables, and refund functions, raised an $8 million seed round (plus $2 million in SAFE notes) led by New Enterprise Associates, Walkabout Ventures, and Altai Ventures, with participation from C.V. Starr Insurance. More here.
Hologate, a 10-year-old Munich startup that provides extended reality technology for immersive entertainment products, raised a $9.1 million Series A round co-led by Bolero Holdings and Vester Partners, with Cherry Ventures also taking part. Silicon Canals has more here.
Hushmesh, a five-year-old startup based in Falls Church, Va., whose platform automates encryption key management for individuals and companies, raised a $5.2 million round led by Paladin Capital Group and including Akamai Technologies. More here.
Knot API, a four-year-old New York startup that enables card issuers to automatically switch saved payment methods at the request of their users, raised a $10 million Series A round led by Nava Ventures, with Plaid and Amex Ventures also anteing up. The company has raised a total of $13 million. More here.
Language I/O, a 12-year-old company based in Cheyenne, Wy., that says it provides real-time, "business-accurate" translation technology to allow companies to communicate internally and externally in any language, raised an $8 million Series A1 round led by Joint Effects, with Wyoming Venture Capital Fund, Gutbrain Ventures, PBJ Capital, and Omega Venture Partners also investing. The company has raised a total of $20 million. More here.
Ozlo Sleep, a one-year-old Boston startup that has developed earbuds to help people sleep better, raised a $10 million Series A round. LifeArc Ventures and Artis Ventures co-led the transaction. Fast Company has more here.
Polars, a three-year-old Amsterdam startup that has built a DataFrame library based on the Rust programming language for data scientists and engineers, raised a $4 million round. Bain Capital Ventures was the deal lead. EU-Startups has more here.
Reflex, a one-year-old San Francisco startup that is building a low-code web app development platform based on Python, raised a $5 million seed round led by Lux Capital, with participation from Abstract Ventures, Box Group, Y Combinator, Picus Capital, and Outset Capital. TechCrunch has more here.
Revalue Nature, a one-year-old London startup whose platform helps financiers evaluate potential carbon projects, raised a $10 million Series A round. Ecosystem Integrity Fund and SJF Ventures co-led the deal. Tech.eu has more here.
Wisecut, a four-year-old Miami startup that has developed an AI-powered automatic video editing platform, raised a $1 million round. Tim Draper was the sole investor and sealed the deal on a napkin. The company has raised a total of $1.3 million. VentureBeat has more here.
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