July is already over (mostly) and with it got here some really interesting funding rounds for startups.
Think you missed something? Don’t worry, we have got a roundup of some of the things that caught our eye over the past 4 weeks.
Better sleep
We all want to sleep higher. Well, a San Francisco-based startup raised some money this month to assist you to achieve your dream goals.
REM spaceA neurotech startup specializing in lucid dreaming research has closed a $1 million seed round. The recent capital will likely be used to develop software and hardware for the company’s research and business projects — including dietary supplements and a smart sleep mask.
The company goals to help people who are suffering from lucid dreaming — which REMspace defines as vivid dreams in which individuals “fully understand that they are dreaming and can control their dream” — go to sleep, get up gently, meditate, improve dream recall and even prevent snoring.
Better life with higher sleep – we’re all for it.
Big Money (Non-Alcoholic) Beer
Non-alcoholic beer has been around for a while now, so it is not what you are looking for. Athletic Brewing Co. Did this catch our attention?
It was about the amount of cash raised and how much it grew.
Connecticut-based brewery raises $50 million in funding General of the Atlantic earlier this month. The company, founded in 2017, raised $286 million (*5*)according to Crunchbase.
That’s a lot of cash for what was once a area of interest market, but it looks like which will now not be true. Athletic has gone from producing just 875 barrels in 2018 to selling greater than 258,000 barrels last 12 months.
According to the last questionnaire41% of Americans are actively trying to reduce their alcohol consumption, which is a 7% increase from 2023. In addition, 58% of consumers argue that low- or no-alcohol beer is a good alternative for individuals who want to reduce their alcohol consumption in the long run.
All this points to a growing market for sports, which is already classified By Brewers Association as the tenth largest craft brewer in the U.S. and the twentieth largest brewing company in the U.S.
Better insulation, higher Earth
Isolation startups don’t often appear on this list, so this month we’re featuring one.
Berlin-based startup Warm raised nearly $6.2 million in seed funding led by Emerging Education AND Pale blue dot to help German homeowners help the Earth.
The company, founded a 12 months ago, helps homeowners find cavity wall insulation that protects their homes from the heat and cold while reducing energy costs and carbon emissions.
While insulation could appear insignificant, the startup claims that heating is responsible for one-fifth of Germany’s carbon dioxide emissions.
But what really caught our attention were the startup’s ambitious plans. With a shortage of expert employees, the company has arrange a training academy for installers and is even offering students a “business-in-a-box solution” to help them start their very own businesses.
Only for you
The complement market has had its ups and downs, but like any other sector, it has seen improvements in AI.
Based in London Bioniq is doing just that and has raised $15 million in Series B funding led by Venture capital AND Unbound at a valuation of $75 million.
The company specializes in personalized AI-powered supplements. It offers two different offerings, one that takes into account things like age, weight, and lifestyle to create a personalized complement selection using its own proprietary dataset and AI algorithm.
The second function of this technology is to use data from blood markers to detect balance disorders.
Bioniq complement recommendations can range up to a combination of up to 53 different ingredients in a single every day dose. The company’s supplements come in small pellets, so there isn’t any need to swallow pills.
It’s much more detailed than simply going to your local GNC.
Specialist mental health
Mental health startups getting funded is nothing recent. The market has been growing for years, especially since the pandemic.
However, from time to time, our attention is drawn to a specific startup raising funds in this industry. Seven starlings Secured $10.9M in Series A funding led by Capital RHThe New York-based company specializes in women’s behavioral health services—particularly during critical times equivalent to infertility, miscarriage and loss, pregnancy, postpartum, and parenting.
According to the company, 94% of ladies do not seek help for perinatal mood and anxiety disorders due to a number of aspects, including a shortage of therapists and limited online reach. But while these conditions affect one in five women During motherhood, only 20% of ladies are screened for mental health problems, and 75% of those that need treatment do not receive it.
Seven Starling offers patients group therapy, medication management, and even in-app content and exercises. It is also on the network of many major business plans.