Summer holidays and the quiet atmosphere of this time of yr may have caused some people to miss out on interesting startups that raised funding in August.
Don’t worry, we have a short list here covering every thing from space mining to mining latest and improved wood.
Big money for dirty laundry
We don’t talk much about laundry here, so let’s clear that up.
This month based in New York Cents has closed a $40 million Series B round led by Camber StreamThe startup provides a business management platform for anyone involved in the dirty business of cleansing clothes — including laundromats, dry cleaners, and even co-op laundry facilities.
The company launched in 2021 and helps cleansing firms streamline all facets of their business, including payments, delivery, and even marketing.
Now, back-end platforms that help run businesses are nothing latest, but one dedicated solely to laundry is interesting. But perhaps that shouldn’t come as a surprise, considering it’s a critical task all of us have to get done by some means — even if which means outsourcing it to another person.
That could also be why Cents has raised a lot of cash. The startup has already raised greater than $77 million, in keeping with the company, and also announced that it has acquired Laundries — a hardware payment system used to pay in self-service laundries and multi-person laundries.
Cents says its platform is now used by greater than 2,700 retail laundries — about 1 in 14 laundries in the U.S. — and greater than 3,500 shared laundries.
It seems that investors are optimistic and consider that they are going to not be deceived.
Allergy protection in your pocket
In the US, approximately 33 million people struggle with food allergiesso going to a restaurant may cause moments of hysteria.
Allergen Detection Company Amulet has something that may help. The Madison, Wisconsin-based startup has raised $5.8 million in Series A funding led by (*5*)HealthX Projects.
The startup created the Allergy Amulet, a small device (that appears a bit like a USB drive) that lets people test for food allergens on the go. The device has portable sensors that contain fast, local molecular detection technology that may find allergens, toxins, and contaminants.
The startup also has one other industrial device for restaurants, suppliers and manufacturers that enables them to discover toxins in food and environmental contaminants.
If you have allergies, not knowing what’s in your food may be scary. Maybe carrying it in your pocket will provide you with some peace of mind.
Space Mining
Let’s be honest, space is cool — which is why space startups often appear on this list.
This time it is AstroForgewhich raised $40 million in Series A funding led by Nova Threshold.
The Southern California-based startup launched its first mission last yr and plans a second this yr.
The latest money might be used for a third mission, in which the company hopes to dock a 440-pound spacecraft on a metal asteroid next yr. If that happens, it might be the first privately funded mission to land on a celestial body beyond the Earth-moon system.
The company desires to change into a pioneer in off-Earth mining to assist solve the problem of resource depletion.
AstroForge has already raised $55 million, so investors clearly consider it can work.
Not just for a hangover
Health is a growing technology sector as people wish to live healthier and, hopefully, happier lives.
This also applies to the field of probiotics, because ZBiotics“the latest $12 million Series A led by The capital of spring tides raise can confirm. The San Francisco-based startup is exploring ways ancient bacteria can assist with health problems that result from modern diets and lifestyles — it’s working to develop genetically engineered probiotics that may combat the diets and toxic byproducts of contemporary life
If ZBiotics sounds familiar, that’s because the company made a splash a few years ago when it unveiled its first product, Pre-Alcohol Probiotic Drink. The drink breaks down acetaldehyde in your gut and alleviates the dreaded unwanted side effects of alcohol the next day.
The company says sales of the product are greater than doubling each yr and are profitable. ZBiotics will use the fresh money to maneuver from a single-product company to a portfolio of genetically modified organism probiotics for health.
Better wood
When is a startup called InventionWood and says his goal is to create “superwood”, this catches our attention.
The Frederick, Maryland-based startup raised $8 million this month from investors including Grantham Foundation AND The builders’ vision is working on a patented technology that turns wood into a latest, high-performance, climate-resistant building material.
What is superwood? The company says it believes it may possibly create a material that’s stronger and lighter than steel, while also being more durable. The technology actually transforms the nanocellulose structure of wood—the strongest material in nature—into something that may “provide fire, insect, and rot resistance with bulletproof toughness.”
The company plans to start industrial operations in early 2025.