Top 10 Startup and Tech Funding News – June 23, 2025

It’s Monday, June 23, 2025. Hope you had a great weekend. We’re back with your daily rundown of tech funding moves. Today’s funding slate is anything but quiet. From $2 billion seed bets to fresh capital fueling DeepTech in AI, fintech, and AgTech, the money is flowing—and fast.

Topping the charts is Thinking Machines Lab, which pulled in a jaw-dropping $2 billion seed round to build AI systems that collaborate with humans. Harvey followed with a $300 million Series E to automate legal work at scale, while Decagon banked $131 million to upgrade how companies handle customer service using AI agents.

Meanwhile, fintech continues to attract serious attention. Spinwheel locked in $30 million to tackle consumer debt, Conquest Planning raised $80 million to scale AI-powered financial advice, and Europe’s Finom closed $133 million to expand its business banking suite.

Hardware and infrastructure weren’t left behind. Snowcap Compute landed $23 million to push superconducting chips into the AI arms race, and Galbot raised $153 million for embodied AI robots in China. Halter, one of New Zealand’s rising stars, hit unicorn status with $100 million in smart farming tech.

Across industries and continents, from stealth launches to billion-dollar valuations, today’s funding snapshot proves one thing: global appetite for ambitious tech bets hasn’t slowed.

Here’s who raised, how much, and what they’re building.

Thinking Machines Lab Secures Record $2B Seed Round

San Francisco-based Thinking Machines Lab, founded by former OpenAI CTO Mira Murati and other AI veterans, announced it has closed a historic $2 billion seed financing at a $10 billion valuation. The Andreessen Horowitz–led round cements Thinking Machines as the largest seed deal on record. The startup is building “multimodal AI systems that work with people collaboratively,” aiming to make AI more adaptable and capable. The new capital will fuel product development and expansion of the founding team.

Funding Details:

Startup: Thinking Machines Lab

Investors: Andreessen Horowitz (lead) and other prominent venture firms

Amount Raised: $2.0 billion

Total Raised: $2.0 billion (first institutional round)

Funding Stage: Seed

Funding Date: June 23, 2025

Harvey Raises $300M Series E at $5B Valuation

Legal AI startup Harvey (formerly Counsel AI) announced a $300 million Series E round that values the company at $5 billion. The funding was led by Kleiner Perkins and Coatue, with participation from GV (Google Ventures), OpenAI Startup Fund, Sequoia, and RELX/LexisNexis.

Harvey’s AI platform automates complex legal tasks, and the new cash will be used to accelerate product development and expansion. This round more than doubles the valuation from earlier this year and is one of the largest raises in the legal tech sector to date.

Founded just three years ago, the company already serves over 337 legal clients in 53 countries, including top law firms like Paul, Weiss, and in-house legal teams at KKR and PwC.”

Funding Details:

Startup: Harvey (Counsel AI)

Investors: Kleiner Perkins and Coatue (co-leads); participation from GV, OpenAI Startup Fund, Sequoia, RELX/LexisNexis, etc.

Amount Raised: $300 million

Total Raised: Not disclosed (valued at $5B post-money)

Funding Stage: Series E

Funding Date: June 23, 2025

Decagon Nets $131M Series C at $1.5B Valuation

Decagon, a San Francisco–based AI customer service startup, closed a $131 million Series C round that sets its valuation at $1.5 billion. The round was co-led by Accel and Andreessen Horowitz, with continued support from A*, Bain Capital Ventures, Bond, and new investors Avra, Forerunner, and Ribbit Capital.

Decagon’s platform uses AI agents to automate customer support via chat and voice, serving clients like Hertz and Duolingo. The funding will expand the team and accelerate go-to-market efforts. Before this round, Decagon had raised $65M in Series B, bringing its total funding to roughly $196 million.

Funding Details:

Startup: Decagon

Investors: Accel and Andreessen Horowitz (co-leads); A*, Bain Capital Ventures, BOND, Avra, Forerunner, Ribbit

Amount Raised: $131 million

Total Raised: ~$196 million

Funding Stage: Series C

Funding Date: June 23, 2025

Spinwheel Raises $30M Series A for Consumer Debt Management

Fintech startup Spinwheel, which offers APIs and apps to streamline consumer debt payments, announced a $30 million Series A round. The round was led by F-Prime Capital, with participation from QED Investors, Foundation Capital, and Fika Ventures. Spinwheel’s platform aggregates consumer debt accounts (like credit cards and loans) and automates payments, similar to combining Plaid’s data services with Stripe’s payments. The fresh funding will support product enhancements and business development; Spinwheel had previously raised $14M in 2021, bringing its total capital to about $44M.

Funding Details:

Startup: Spinwheel

Investors: F-Prime Capital (lead); QED Investors, Foundation Capital, Fika Ventures

Amount Raised: $30 million

Total Raised: $44 million

Funding Stage: Series A

Funding Date: June 23, 2025

Tensec Scores $12M Seed Funding for Cross-Border Payments

Tensec, a Palo Alto fintech focused on real-time B2B cross-border payments, has raised a $12 million seed round. Costanoa Ventures led the financing, joined by Quiet Capital, WillowTree Investments, Cambrian VC, Ignia Partners, Montage Ventures, Renegade Partners, and Endeavor Scale Up Ventures.

Tensec’s no-code platform enables global trading companies to offer FX, treasury, and payment services to their SMB clients. The funding will help the team accelerate international expansion and product development. This is Tensec’s first external funding, with all $12M being seed capital.

Founded by former executives from PayPal, Meta, Goldman Sachs, Visa, Mastercard, Rapyd, and Credit Karma, Tensec provides global trade companies and FX providers with the infrastructure to offer cross-border payments and financial services directly to their customers. The company is backed by top-tier investors and operates out of its San Francisco headquarters, with additional offices in New York, Mexico City, and São Paulo.

Funding Details:

Startup: Tensec

Investors: Costanoa Ventures (lead); Quiet Capital, WillowTree Investments, Cambrian VC, Ignia Partners, Montage Ventures, Renegade Partners, Endeavor Scale Up Ventures

Amount Raised: $12 million

Total Raised: $12 million

Funding Stage: Seed

Funding Date: June 23, 2025

Finom Closes €115M Series C to Expand European Fintech

Amsterdam-based Finom, which provides financial tools for small and medium businesses, closed a €115 million (about $133M) Series C round. The oversubscribed round was led by AVP (formerly AXA Venture Partners) and co-led by Headline Growth, alongside existing backers Cogito, General Catalyst, and Northzone.

Finom will use the funds to further develop its platform and pursue growth across Europe. With this round, Finom’s total funding increases to about €347 million (roughly $400M). The company has built a suite of banking, invoicing, and expense-management tools for SMBs.

Funding Details:

Startup: Finom

Investors: AVP (AXA Venture Partners, lead); Headline Growth; Cogito; General Catalyst; Northzone

Amount Raised: €115 million (~$133M)

Total Raised: €347 million (~$400M)

Funding Stage: Series C

Funding Date: June 23, 2025

Qualytics Raises $10M Series A Led by BMW i Ventures

Qualytics, an enterprise data-quality platform founded by ex-Intel and SAS veterans, secured a $10 million Series A round. The round was led by BMW i Ventures, with participation from Conductive Ventures, The Hill Fund (Firebrand), Knoll Ventures, Inner Loop, SaaS Venture, Rich Family Ventures, and others.

Qualytics’ software helps companies automatically detect and correct errors in structured data pipelines. The new funding will support product development and customer acquisition. This is Qualytics’ first major institutional round, establishing a total raised to $10 million.

Funding Details:

Startup: Qualytics

Investors: BMW i Ventures (lead); Conductive Ventures; The Hill Fund by Firebrand; Knoll Ventures; Inner Loop; SaaS Venture; Rich Family Ventures

Amount Raised: $10 million

Total Raised: $10 million

Funding Stage: Series A

Funding Date: June 23, 2025

Conquest Planning Secures $110M CAD Series B for Financial Planning SaaS

Winnipeg-based Conquest Planning, which offers an AI-powered financial planning platform for advisors, announced a roughly C$110 million (US$80 million) Series B round. Goldman Sachs Alternatives Growth Equity led the round, and new investors Canapi Ventures, BDC Capital, Citi Ventures, TIAA Ventures, and USAA joined.

Existing backers BNY Mellon and Portage joined the round as well. Conquest will use the investment to accelerate U.S. expansion and enhance its Strategic Advice Manager (SAM) AI platform. Including previous rounds ($3M seed, $7.5M bridging round, $24M Series A), this brings Conquest’s total funding to about $115M USD.

Funding Details:

Startup: Conquest Planning

Investors: Goldman Sachs Alternatives Growth Equity (lead); Canapi Ventures; BDC Capital; Citi Ventures; TIAA Ventures; USAA; BNY Mellon; Portage Finance

Amount Raised: C$110 million (US$80M)

Total Raised: ~$115 million (including prior rounds)

Funding Stage: Series B

Funding Date: June 23, 2025

Snowcap Compute Raises $23M for Superconducting AI Chips

Snowcap Compute, a California-based startup developing superconducting computer chips for AI, has raised $23 million in funding. The round was led by Playground Global (via former Intel CEO Pat Gelsinger’s investment vehicle), with Cambium Capital and Vsquared Ventures also participating.

Snowcap’s goal is to build energy-efficient AI processors using superconductors, which could outperform traditional chips while using far less power. Pat Gelsinger is joining the board as part of the deal. Snowcap will use the funds to advance R&D and scale its chip development.

Gelsinger, who led the investment through Playground Global and is now joining Snowcap’s board, said the industry has reached a tipping point. AI is chewing through electricity, and power is quickly becoming a bottleneck for data centers.

Funding Details:

Startup: Snowcap Compute

Investors: Playground Global (lead, via Pat Gelsinger); Cambium Capital; Vsquared Ventures

Amount Raised: $23 million

Total Raised: $23 million

Funding Stage: Seed/Series unspecified

Funding Date: June 23, 2025

VoiceCare AI Raises $4.54M Seed Round for Healthcare AI Agents

VoiceCare AI, a healthcare administration AI startup, announced a $4.54 million seed round. Caduceus Capital Partners led the financing, with additional participation from Bread and Butter Ventures, Mayo Clinic, and a strategic revenue-cycle management partner.

VoiceCare’s first product, “Joy,” is a voice-based AI agent that automates complex back-office healthcare tasks like benefits verification and prior authorizations. The startup will use the funds to expand its engineering and product teams and to deploy Joy with new healthcare partners. This is VoiceCare’s first institutional round.

Funding Details:

Startup: VoiceCare AI

Investors: Caduceus Capital Partners (lead); Bread and Butter Ventures; Mayo Clinic; strategic revenue-cycle management firm

Amount Raised: $4.54 million

Total Raised: $4.54 million

Funding Stage: Seed

Funding Date: June 23, 2025

All Home Launches With Undisclosed Seed Round at $ 120 M+ Valuation

All Home, a new Indian interior design and home-improvement marketplace founded by three former PharmEasy co-founders, launched with an undisclosed seed round led by Bessemer Venture Partners. The round reportedly values All Home at over $120 million. Several industry angels joined the raise, including PharmEasy co-founder Siddharth Shah and VC veteran Kabir Narang.

All Home aims to simplify home interior procurement by offering a curated selection of design products through a single platform. The startup, which has been operating in stealth mode, has achieved operational profitability and plans to use the funding to expand its team and launch its platform nationwide.

Funding Details:

Startup: All Home

Investors: Bessemer Venture Partners (lead); angels including Siddharth Shah and Kabir Narang

Amount Raised: Undisclosed

Total Raised: Undisclosed

Funding Stage: Seed

Funding Date: June 23, 2025

Kazam Raises $6.2M Series B for EV Charging Tech

Kazam, an Indian electric-vehicle energy and charging infrastructure startup, announced a $6.2 million Series B round. The round was co-led by the World Bank’s IFC along with existing investors Vertex Ventures Southeast Asia & India and Avaana Capital. Kazam’s platform provides plug-and-play charging solutions and software for EV charging stations.

The new funding, plus the company’s prior $13 million in earlier rounds, brings Kazam’s total capital raised to $19.2 million. Kazam will use the investment to expand its technology and sales footprint in India and abroad.

Funding Details:

Startup: Kazam

Investors: IFC (lead); Vertex Ventures SEA & India; Avaana Capital Advisors

Amount Raised: $6.2 million

Total Raised: $19.2 million

Funding Stage: Series B

Funding Date: June 23, 2025

Halter Raises $100M Series D to Hit Unicorn Status

Halter, an Auckland-based agtech startup known for its “virtual fencing” smart collars for cattle, raised $100 million in Series D funding, reaching a $1 billion valuation. The round was led by Australian tech investor Bond, with VC firm NewView joining as a co-investor, along with existing backers Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures, and Promus Ventures.

The financing will accelerate Halter’s expansion in the U.S. market, where it already works with ranchers in 18 states. Halter’s platform uses audio cues and vibrations to help dairy and beef farmers manage herds more efficiently. After this deal, Halter becomes one of New Zealand’s rare unicorns.

Funding Details:

Startup: Halter

Investors: Bond (lead); NewView; existing investors Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures, Promus Ventures

Amount Raised: $100 million

Total Raised: Not disclosed

Funding Stage: Series D

Funding Date: June 23, 2025

PhysicsX Secures €117.3M Series B for Industrial AI Platform

London-based PhysicsX announced a €117.3 million Series B round to advance its AI-enabled engineering software. The round was led by Atomico and included Temasek, Siemens, Applied Materials, and July Fund, along with continued support from existing investors General Catalyst, NGP Capital, Radius Capital, Standard Investments, and Allen & Co. PhysicsX’s software uses AI and physics-informed models to help aerospace, defense, automotive, and energy companies speed up design and manufacturing.

The new funds will fuel global growth and the development of large-scale physics “foundation models.” Including this round, PhysicsX’s total funding is now about €147.7 million.

PhysicsX was founded in 2023 by Robin Tuluie and and Jacomo Corbo.  The startup is betting that deep AI support for engineers will become a competitive advantage in industries where quality, safety, and performance aren’t optional.

Funding Details:

Startup: PhysicsX

Investors: Atomico (lead); Temasek; Siemens; Applied Materials; July Fund; existing backers General Catalyst, NGP, Radius Capital, Standard Investments, Allen & Co.

Amount Raised: €117.3 million

Total Raised: €147.7 million

Funding Stage: Series B

Funding Date: June 23, 2025

Galbot Raises $153M Led by CATL for Robotics AI

Galbot, a Beijing-based startup developing embodied AI robots, announced a funding round of 1.1 billion yuan (approximately $153 million). The round was co-led by battery maker CATL through its Puquan Capital arm, and Chinese state-backed investors including China Development Bank’s investment arm, the Beijing Robot Industry Development Fund (part of state-owned Shougang Group), and VC firm Jiyuan Capital.

Galbot’s AI robots incorporate large multimodal models for tasks like object interaction and navigation. The proceeds will accelerate product development and commercialization of Galbot’s robotics AI platform. The company had previously raised about $69M in a 2024 funding.

Funding Details:

Startup: Galbot

Investors: CATL/Puquan Capital (co-lead); China Development Bank VC; Beijing Robot Industry Development Fund; Jiyuan Capital

Amount Raised: ¥1.1 billion (~$153M)

Total Raised: ~$222 million (including prior rounds)

Funding Stage: Series A/B (reported)

Funding Date: June 23, 2025