Deal Flow

Top Venture Capital-Funded Startups to Watch in 2023

Venture Capital deals handpicked by our team to have longevity, strong fundamentals, an intelligent executive team, and growth-oriented investors. If you're looking at the future of each respective industries, these are the companies to pay attention to. If you're a functional expert looking to get involved with mature startups like the ones listed below, get in touch to see if you're a fit to join our Flywheel.

Coefficient Lands $18M Series A Round

MOUNTAIN VIEW, CA, Coefficient, the company that turns business users into builders with real-time data connectivity and automation in spreadsheets, today announced an $18 million Series A.

The round was led by Battery Ventures, the global technology investment firm, along with existing investors Foundation Capital and S28 Capital. The new funding will enable Coefficient-whose product is currently used by customers including Zendesk, Spotify, Foursquare, Contentful and Miro-to expand its product offerings and scale its global operations.

Coefficient is a no-code solution that allows business teams to work with live data directly from their spreadsheets. This empowers anyone in the company to build reports and workflows that are real-time, flexible and accurate without any knowledge of SQL or other advanced tools. Now, companies can truly democratize data insights and empower teams to drive results.

Is no-code the future of startups? We are seeing a massive influx of new projects built on no-code tools like Bubble and using Coefficient for their data management - ultimately saving large sums from having active developers and paying costly fees to companies like AWS.

Kyte Pulls In $60M Series B Funding Round

SAN FRANCISCO, CA, Kyte, the company pioneering cars delivered to you on-demand for daily, weekly or monthly use, today announced $60 million in Series B growth equity financing.

The round is led by InterAlpen Partners, whose founder, Stephen George - an early investor in Tesla and SpaceX - is joining Kyte's Board. Other new investors include Valor Equity Partners, Anthemis, Citi Ventures, and Hearst Ventures, with significant participation from existing investors DN Capital plus 1984 Ventures, FJ Labs, and Urban Innovation Fund. This round brings Kyte's total funding to approximately $300M across equity and debt.

Kyte is reinventing the mobility market and is on a mission to unlock the freedom to go places. Kyte delivers cars on demand to people's doors for all trips longer than a rideshare. Through the Kyte mobile app on iOS, Android, or website, customers can book a car for a day, multiple days, multiple weeks, months, or however long they want. To begin, customers choose a time and location for their vehicle delivery. Then, the company dispatches a delivery driver - known as a Kyte Surfer - to deliver a clean, sanitized car at the time requested. When the vehicle is ready to be returned, a Kyte Surfer retrieves the car from the customer at the location and time they can flexibly choose.

Kyte’s value proposition is focusing on younger people living in cities without regular access to a vehicle, where there are little train or bus options available. A similar company to keep an eye on in Europe is BlaBlaCar, which is essentially an Uber for long car rides.

BuildWithin Launches With $2.4M Pre-Seed

FAIRFAX, VA, BuildWithin, a software platform that provides employers with the ability to create and manage apprenticeship and workplace training programs, launches today with $2.4 million in pre-seed funding.

The round was led by Dundee Venture Capital with participation from Black Capital, an early-stage fund focused on investing in underrepresented founders. BuildWithin's new funding also includes roughly $8 million in government grants.

BuildWithin is a software platform that enables employers to create, manage and expand apprenticeship programs, accelerating the productivity of new workers. Founded by Michelle Rhee and Ximena Hartsock, BuildWithin is dedicated to upskilling today's workforce.

A positive push in the HR Tech trend, we are interested in seeing how BuildWithin continues to take marketshare in their early Seed days.

MANSCAPED Announces Series B Funding

SAN DIEGO, CA, MANSCAPED, the leading men's lifestyle consumer brand and male grooming category creator, today announced a Series B funding round.

The round was co-led by Banner Ventures and Smash Ventures, who also led the Series A round in 2020. Terms of the deal were not disclosed.

Founded by Paul Tran in 2016, San Diego, California-based MANSCAPED® is the global men's lifestyle consumer brand and male grooming category creator trusted by over seven million men worldwide. The product range includes a diversified line of premium tools, formulations, and accessories designed to introduce and elevate a whole new self-care routine for men. MANSCAPED's collection is available globally in 39 countries via DTC and on Amazon in more than 100 countries worldwide. Retail placement includes Target®, Best Buy, Macy's, Walgreens, and Military Exchanges in the U.S., Hairhouse and Woolworths in Australia, and Tesco in Ireland.

Text is aggregated from various press release news sources, released by the acquiring firms.

‍If you're looking at the future of each respective industry, these are the companies to pay attention to. If you're a functional expert looking to get involved with mature startups like the ones listed below, get in touch to see if you're a fit to join our Flywheel.

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