Owler Weekly Funding Insights | August 14-20, 2023
A roundup of the previous week’s large and small funding rounds from Owler.
💸 COMPANIES YOU SHOULD KNOW
+ Mooe Robots Raised $13.7M in Series B Round
Specializing in unmanned industrial vehicles including its driverless forklift, Mooe Robots raised $13.7M in a Series B round funded by China Securities, with its investor expressing its hopes to see Mooe Robots take advantage of opportunities to develop within its industry and assist in the development of express logistics and industrial customers. The company’s Founder and CEO, Qian Motian, has 13 years of experience in the mobile robot industry.
+ Prairie Operating Co. Received $20M in PIPE Funding
In a move to acquire remaining Exok, Inc. assets, Prairie Operating Co. received $20 million in Private Investment in Public Equity (PIPE) funding. The Texas-based company describes itself as engaged in the development, exploration, and production of oil, natural gas and natural gas liquids with operations focused on unconventional oil and natural gas reservoirs. Prairie Operating Co. also focuses on cryptocurrency mining. Edward Kovalik, the company’s current CEO took on the role in September 2022.
+ Mendaera Raised $24M in Series A Funding
California-based medical technology startup Mendaera secured $24M in Series A funding. Tech Funding News reports the round was led by Lux Capital, with other investors of note including Operator Partners, Founders Fund, Allen & Company, Dr. Fred Moll of Auris Health, Intuitive Surgical, and former U.S. Senator Bob Kerrey. Mendaera announced its plans to use the funding to support its growth by expanding into a production facility in Silicon Valley.
+ Lightcast Discovery Raised $49M in Series B Round
Lightcast Discovery is a private life science tools company offering solutions for the pharmaceutical sector. FinSMEs says the company is developing a novel single-cell functional analysis platform. The funding raised during the Series B round will help accelerate growth and expansion before a planned full commercial launch.
+ Rondo Energy Raised $60M in Equity Funding
According to Finanznachrichten, Rondo Energy, the Oakland, California-based provider of zero-carbon industrial heat and power will use the funds to grow its international operations and develop and build storage projects worldwide. Rondo Energy also received an undisclosed amount during a Corporate round in July 2023.
💰 BIG BACKINGS
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