SetPoint Medical, a Valencia, Calif.-based company focused on treating chronic autoimmune diseases, raised $80 million in preferred stock financing along with a senior secured term loan facility of up to $65 million. Norwest Venture Partners and Viking Global Investors led the $80 million investment, which saw participation from Gilmartin Capital, New Enterprise Associates, Action Potential Venture Capital, Boston Scientific, Topspin Fund, Euclidean Capital, Morgenthaler Ventures and others. Runway Growth Capital provided the loan facility. Zack Scott, general partner at Norwest, joined SetPoint Medical’s board.
ADARx Pharmaceuticals Inc., a San Diego-based startup developing RNA-targeting therapeutics, closed on $46 million in Series B1 funding. Ascenta Capital led the round, which included additional support from OrbiMed Advisors, SR One Capital Management, Lilly Asia Ventures and Sirona Capital. Lorence Kim of Ascenta Capital joined the board.
Link, a San Francisco-based open-banking powered payment platform, snagged $20 million in Series A funding led by Valar Ventures.
nsKnox, a provider of business-to-business payment security and compliance technology, picked up a $17 million investment from Link Ventures, Harel Insurance & Finance, M12, Viola Ventures and others.
Chord, a New York-based commerce platform, nabbed $15 million in Series A extension funding. Co-lead investors Bright Pixel Capital and Eclipse Ventures were joined by GC1 Ventures, TechNexus Venture Collaborative, Anti Fund, Imaginary Ventures, Foundation Capital and White Star Capital in the round.
Ulvetanna Inc., a zero-knowledge proof acceleration platform, raised $15 million in seed funding. Bain Capital Crypto and Paradigm co-led the round, which included support from Jump Crypto.
Copilot, a portal that streamlines messaging, payments, file-sharing, help centers and custom app access for service businesses, landed a $10 million Series A round from investors including YC Continuity and Lachy Groom.
Skillit Inc., a New York-based recruiting platform for skilled, full-time construction labor, was seeded with a $5.1 million investment. Led by Building Ventures, the round included participation from MetaProp, HOLT Ventures, Great North Ventures, 1Sharpe Ventures and Takeoff Capital.
Architect Financial Technologies Inc., a Chicago-based developer of trading infrastructure for digital asset markets, completed a $5 million funding round from investors including Circle Ventures, Coinbase Ventures, SV Angel, Third Kind Venture Capital, Motivate Venture Capital and others.
SphereOne, a crypto payment platform, was seeded with a $2.5 million investment. Distributed Global led the round, which included contributions from Newark Venture Partners, Zero Knowledge and others.
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