San Francisco-based pharmaceutical company Glycomine has secured $33 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Aug. 7 and led by Novo Holdings.
According to its Crunchbase profile, "Glycomine develops therapeutics for diseases that have no treatment options."
The company also raised a $12 million Series A round in 2016.
The round brings total funding raised by San Francisco companies in health care over the past month to $331 million. The local health care industry has produced 187 funding rounds over the past year, yielding a total of $5.2 billion in venture funding.
In other local funding news, robotics company MOTI announced a $31 million Series A funding round on July 17, financed by MSA Capital.
According to Crunchbase, "MOTI is your new smart companion for building better habits. His purpose is to empower people to live happier and healthier lives, one habit at a time. Imagine being able to exercise regularly, start a mindfulness practice or go to bed earlier, without forcing yourself."
Founded in 2015, the company has raised two previous rounds, including a seed round in 2016.
Meanwhile, greentech company Sunverge Energy raised $11 million in Series D funding, announced on Aug. 8. The round's investors were led by Ecosystem Integrity Fund.
From the company's Crunchbase profile: "Sunverge Energy provides integrated solar solutions for distributed generation and storage. It offers Sunverge Solar Integration System (SIS) Release 1.2, which distributes the generation and storage of renewable energy; and Sunverge SISport load management software, which supports strategies for shaping and shifting peak residential load. Sunverge Energy serves homeowners, small- to medium-sized businesses, utilitiesand electricity regulators."
Sunverge Energy last raised $36 million in Series C funding in 2016.
Also of note, social company Squad raised $5 million in seed funding, announced on Aug. 6 and led by First Round Capital.
From Crunchbase: "Squad lets you hang out with friends in all of your favorite apps. Video and audio chat while broadcasting your screen so everyone can see what you see. Show friends anything on your phone, from text messages to TikTok videos."
The company previously raised $1.5 million in seed funding in 2018.
Rounding out the city's recent top local funding events, agriculture company BeeFlow raised $3 million in Series A funding, announced on August 7 and financed by Ospraie Ag Sciences.
From Crunchbase: "BeeFlow is a company that generates and applies scientific knowledge to improve crop yields with bees. We can develop smart and strong bees for crop pollination by feeding bees with organic molecules. By improving bees' immune systems and teaching bees to pollinate specific targeted crops, farmers can improve between 20-90% their crop yields while reducing bee population decline."
The company previously raised $250,000 in seed funding in 2017.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
