Even Healthcare, Different and AuxoAI Raise Funding This Week
Khosla Ventures, General Catalyst and NTTVC each led one of five rounds reported in the week of October 19.
Key Takeaways
- Even Healthcare raised $50 million in a Series B led by Khosla Ventures.
- Different raised $48 million in a seed round led by General Catalyst.
- AuxoAI raised $20.7 million in a Series A led by NTTVC.
- The Pant Project raised about Rs 109 crore and CureBay about Rs 100 crore.
- This post covers only rounds that more than one weekly report lists.
Even Healthcare, Different, AuxoAI, The Pant Project and CureBay were among the startups that announced funding rounds in the week of October 19. Even Healthcare raised $50 million in a Series B round led by Khosla Ventures, and Different raised $48 million in a seed round led by General Catalyst.
The other three rounds were smaller. AuxoAI raised $20.7 million in a Series A led by NTTVC, The Pant Project raised about Rs 109 crore in a Series B led by Mirae Asset Venture Investments (India), and CureBay raised about Rs 100 crore in a Pre-Series C led by IvyCap Ventures. This post covers only the rounds that more than one report agrees on.
The week's five agreed funding rounds at a glance
| Company | Amount | Round | Lead investor |
|---|---|---|---|
| Even Healthcare | $50 million | Series B | Khosla Ventures |
| Different | $48 million | Seed | General Catalyst |
| AuxoAI | $20.7 million | Series A | NTTVC |
| The Pant Project | About Rs 109 crore | Series B | Mirae Asset Venture Investments (India) |
| CureBay | About Rs 100 crore | Pre-Series C | IvyCap Ventures |
Who else wrote cheques in these rounds
Alpha Wave took part in Even Healthcare's round, and Khosla Ventures led it. Lightspeed Venture Partners joined General Catalyst in the Different seed round. The Pant Project's Series B also included Sorin Investments, alongside the lead investor.
CureBay's round was a mix of equity and debt. Its lead, IvyCap Ventures, was joined by debt providers, according to the weekly reports. Rupee figures for The Pant Project and CureBay are the amounts reported in rupees. The dollar figures are approximate conversions that the reports give.
A $48 million seed round sits next to a $50 million Series B
The most striking line in the list is Different. A seed round of $48 million is close in size to Even Healthcare's $50 million Series B, which shows that early-stage rounds can be very large for some teams. The gap between $50 million and $48 million is $2 million, or 4% of the larger cheque.
The rest of the list is more usual. AuxoAI's $20.7 million Series A is about 41% of Even Healthcare's round, and The Pant Project and CureBay each raised a little over $10 million.
What founders can take from this week's mix of rounds
For founders, the week shows money going to rounds at several stages, from seed to Series B and Pre-Series C. Investors named in the reports include Khosla Ventures, General Catalyst, NTTVC, Mirae Asset Venture Investments (India) and IvyCap Ventures, each leading one of the five rounds.
It also shows how different the numbers can look. Weekly roundups list different deals, so a founder quoting a weekly total should say which tracker it came from.
Which of these companies will announce what they do with the money next?
The weekly reports in hand do not set out how each company will use its new funds, so this post does not guess. Readers can watch each company's own announcements for plans after the rounds. Next week's funding roundups will show whether deal sizes stay at this level.