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It’s a reality that’s all too common among bankers on Wall Street — and one that venture-capital investors are hoping to capitalize on . "I was seeing how rote the work was, what a pain it was,” Stengel said, who would often work hundred-hour weeks . While at Princeton in 2019, Stengel researched how to use AI in chatbot form to analyze financial and economic data. Rogo is an AI platform built for investment bankers, hedge fund analysts, and private equity investors. Here's the 9-page pitch deck Rogo used to raise $7 million.
Persons: Gabriel Stengel, It’s, ” Stengel, Stengel, John Willett, Tumas Rackaitis, Gilder Gagnon Howe, , we've Organizations: Service, Lazard, Wall, Business, Princeton, JPMorgan, Co, AlleyCorp, Company Ventures, BoxGroup, ScOp Ventures, SEC
Car financing fintech Carmoola has raised a further $19.7 million in an extension to its Series A round. "The business has been growing strongly and revenues are up 5x," Aidan Rushby, Carmoola CEO and cofounder told Business Insider. The FCA moved to ban such commissions in 2021 and Rushby told BI that Carmoola was able to acquire customers at a lower cost by cutting out the middlemen. Rushby told BI that the round represented a 33% up round on its previous financing but declined to give specifics on the company's valuation. Check out Carmoola's 14-slide Series A extension deck below:
Persons: Carmoola, Aidan Rushby, we've, Rushby, It's Organizations: Business, FCA, InMotion Ventures Locations: London, InMotion Ventures , New York, Kyiv
It's been a challenging fundraising year for creator-economy startups. Some creator upstarts have still managed to raise millions of dollars in 2023 despite constraining macroeconomic conditions. Link-in-bio upstart Hype in April announced it had raised a $10 million Series A. "We knew going into it that we are fundraising in arguably the most challenging fundraising environment in recent times," said Arthur Leopold, cofounder of the creator-marketing platform Agentio and a former president at Cameo. The funding ranged from a few million dollars to as much as $70 million for one startup.
Persons: It's, upstarts, Andreessen Horowitz, VCs, Kara Burney, Arthur Leopold, Leopold, Agentio, Steven Galanis, YouTuber Cody Ko, PitchBook Organizations: PitchBook, Business, Abstract Ventures, Founders Fund, Silicon Valley Bank, Craft Ventures, AlleyCorp Locations: Web3, Silicon, North America
Yuvo wants to help the 1,400 Federally Qualified Health Centers in the US grow revenue and capacity. His startup, Yuvo, helps community health centers participate in value-based programs from insurance companies, which rewards health care providers with incentive payments for the quality of care they give people. As a middle man between the insurance providers and the health centers, Yuvo opens up access for these health centers to participate in the programs by assuming the risk involved in some of these contracts. From the success of the program, Yuvo added five other health centers in New York and Ohio, said Herrera. "We can double the revenue of health centers for many patients and that's game changing for an organization," said Herrera.
Persons: Yuvo, Cesar Herrera didn't, Herrera Organizations: Health Centers, Mastry Ventures, Federally, Health Center, AV8 Ventures, New York Ventures, HLM Venture Partners, VamosVentures, Social Innovation Fund Locations: NY, Detroit, New York, Ohio
Meadow is a fintech-meets-edtech startup that lets students calculate what they'd pay for college. On Meadow, students can see what their full cost for school would be after financial aid. The startup has landed partnerships with big universities and just raised $3.5 million in funding. It was especially hard for first generation or immigrant students, Brillembourg said, because of the hoops they needed to jump through to secure funds from multiple sources. "You're 18, not financially literate, and being thrown into this large complex financial payments journey with little or no support to navigate it," he said.
OAKLAND, Calif., Dec 14 (Reuters) - EnCharge AI, a chip startup born at a Princeton University lab, on Wednesday said it raised $21.7 million as it looks to commercialize its computing technology that is designed to run artificial intelligence applications more efficiently. Its first products will be cards that can be easily slotted into server racks for companies to run AI applications, said Naveen Verma, CEO and co-founder of EnCharge AI and a professor of electrical and computer engineering at Princeton. EnCharge AI chips work by computing data directly in the memory on the chip, using a special chip design and software. The chips will first be used in factories, warehouses and retail spaces to run AI applications, said Verma. EnCharge AI said the latest funding round was led by Anzu Partners with participation from AlleyCorp, Scout Ventures, Silicon Catalyst Angels, Schams Ventures, E14 Fund and Alumni Ventures.
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