Fast Funds Oct 16 2019

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Thimble, which offers short term, on demand insurance for small businesses and independent workers landed $22 million in Series A funding. IAC led the funding, with participation from AXA Venture Partners, Open Ocean Capital and Slow Ventures. The company was formerly known as Verify.

Azitra, based in Farmington, Connecticut, landed a $14 million commitment from KdT Ventures, with participation from Godfrey Capital and Bios Ventures. This Series A funding round brings its total funding to $17 million. Azitra researches and develops live biotherapeutic products to address multiple serious skin conditions and diseases.

Building Engines announced it completed a $12.7 million funding round. The startup operates a web and mobile content management platform which helps rental property management teams improve service delivery and tenant satisfaction, mitigate risk, and maintain properties and equipment. The growth funding was led by Wavecrest Growth Partners, Camber Creek, MassMutual Ventures, River Cities Capital Fund.

Lovevery, based in Boise, Idaho, operates an early learning platform for stage-based play that helps parents feel confident they are giving their kids the best in resources. The startup raised $20 million in Series B funding, from Chan Zuckerburg Initiative, GV, Reach Capital, Maveron, and Collaborative Fund.

PM UPDATE

Science Exchange, which it says is the leading marketplace for scientific research, announced it raised $20 million in funding from Maverick Ventures and Norwest Venture Partners, both leaders. Other investors are Collaborative Fund, Silicon Valley Bank, Windham Venture Partners, Union Square Ventures, and OATV. Science Exchange, based in Palo Alto, CA., enables breakthrough scientific discoveries by providing researchers with accessibility to the world’s top service providers.

Adroit Worldwide Media, which offers automated interactive brand presentation displays in retail outlets, got $11 million in Series A funding. Impact Venture Capital led the funding, with assistance from Mark IV Capital and The Contrarian Group. Smart Shelf, the high-tech digital display Adroit owns,  also provides demographic data on customer shopping activities using high definition optical sensors. The startup already counts companies such as Pepsi Co, Hershey, General Foods, WalMart and Save-A-Lot as clients.