The AlleyWatch Startup Daily Funding Report: 4/21/2022


Levels

$38M – Series A

Levels, a biowearable that monitors metabolic wellbeing for near real-time feedback, has raised $38M in Series A funding from investors that include Andreessen Horowitz, What If Ventures, Lenny Rachitsky, and AirAngels. Founded by Andrew Conner, Casey Means, David Flinner, Josh Clemente, and Sam Corcos in 2019, Levels has now raised a total of $50M in reported equity funding.

Spruce

$34M – Series A

Spruce, a decentralized identity solution platform, has raised $34M in Series A funding led by Andreessen Horowitz. Founded by Gregory Rocco, Jacob Blish, and Wayne Chang in 2020, Spruce has now raised a total of $41.5M in reported equity funding.

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TomTex Co

$1.7M – Pre-Seed

TomTex Co, a biomaterial company that creates leather alternatives from shell seafood and mushroom waste, has raised $1.7M in Pre-Seed funding led by SOSV. TomTex Co was founded by Ross McBee, Atom Nguyen, and Uyen Tran in 2020.

Ply

$1.675M – funding according to a recent SEC filing

Ply, a payments, spend management, and factoring platform for HVAC and plumbing businesses, has raised $1.675M in funding according to a recent SEC filing funding from investors that include . The filing indicates that the total offering is for $2M and there were eleven investors in this close. Ply was founded by Darion Miller and David Wigder in 2021.

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