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March 18, 2025 - Deals

Pilgrim Secures $3.25 Million Funding From Thiel Capital Cantos And Refactor

Pilgrim, a biotech startup founded by Thiel Fellow Jake Adler, is pioneering nanotechnology, bioelectronics, and AI-driven solutions to enhance military resilience and anti-threat biosurveillance. The company recently secured $3.25 million in funding from Thiel Capital, Cantos, and Refactor to advance its "Voyager" biotech platform, which includes nanoparticle-enabled vaccines and bio-hybrid wound-healing adhesives. Pilgrim aims to rapidly deploy innovative biotech for defense applications, with potential dual-use in civilian medicine, leveraging fast-track DoD-FDA approval pathways to accelerate development. FOUNDER: Thiel Fellow Jake Adler INVESTORS: Thiel Capital, Cantos, Refactor, Joshua Browder & Cory Levy AMOUNT: $3,250,000 HQ: #RedwoodCity #California #VentureCapital #Pilgrim #ThielCapital #Cantos #Refactor #ThielFellowJakeAdler #JoshuaBrowder #CoryLevy #TradedVC

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On Me Secures $6 Million Seed Funding Led By NFX With Investors Lerer Hippeau And FocalOn Me, a digital gift card startup founded by former Google employees and led by CEO and co-founder Darragh Meaney, has raised a $6M seed round to scale its mobile-first gifting platform that lets users buy interest-based digital gift cards instead of retailer-locked ones. The company plans to expand into new experiential categories like wine tastings and horseback riding, while promoting a more sustainable alternative to traditional plastic gift cards. The round was led by NFX with participation from Lerer Hippeau and Focal. FOUNDER: Darragh Meaney INVESTORS: NFX, Lerer Hippeau & Focal ROUND: Seed AMOUNT: $6,000,000 HQ: #SanFrancisco #California #VentureCapital #OnMe #DarraghMeaney #NFX #LererHippeau #Focal #TradedVC
Runware Raises $50 Million In Series A Round Led By Dawn Capital And InvestorsRunware, founded by Flaviu Radulescu in 2023, has raised $50 million in a Series A led by Dawn Capital to simplify image, video, and audio generation for developers. The platform has powered over 10 billion creations for more than 200,000 developers by offering a unified API and real-time access to AI models via its custom Sonic Inference Engine, while keeping pricing competitive. The funding round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun, bringing Runware’s total funding to $66 million. The company plans to use the capital to expand its infrastructure, grow its team, and scale to support millions of models, aiming to become the go-to API for all generative AI. FOUNDER: Flaviu Radulescu INVESTORS: Dawn Capital, Comcast Ventures, Speedinvest, Insight Partners & a16z Speedrun ROUND: Series A AMOUNT: $50,000,000 HQ: #England #UnitedKingdom #VentureCapital #Runware #FlaviuRadulescu #DawnCapital #ComcastVentures #Speedinvest #InsightPartners #a16zSpeedrun #TradedVC
Stic Secures $10 Million Investment Led By Adam Cohen At $200 Million ValuationStic, a Los Angeles–based, VC-backed adtech startup founded in 2023 by Adam Cohen, is redefining out-of-home advertising by turning everyday and gig-economy vehicles into measurable, mobile media. The company uses removable, technology-enabled stickers that track mileage, optimize ad placement, and calculate real-time impressions—allowing brands to reach audiences more effectively while enabling drivers to earn money as they go about their daily routines following its recent funding raise. FOUNDER: Adam Cohen AMOUNT: $10,000,000 VALUATION: $200,000,000 HQ: #LosAngeles #California #VentureCapital #Stic #AdamCohen #TradedVC
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