The AlleyWatch Startup Daily Funding Report: 8/5/2022

Axio

$23M – Series B

Axio, a cybersecurity management platform, has raised $23M in Series B funding led by ISTARI. Founded by David White in 2016, Axio has now raised a total of $27.4M in reported equity funding.

Coherent

$4.5M – Seed

Coherent, an API platform for Web3 data, has raised $4.5M in Seed funding led by Foundry Group, Matchstick Ventures, and Kindred Ventures. Coherent was founded by Carl Cortright in 2022.

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CornerUp

$7.5M – funding according to a recent SEC filing

CornerUp, a B2B e-commerce platform for independent corner stores, has raised $7.5M in funding according to a recent SEC filing. The filing indicates that the round comes from twelve investors. CornerUp was founded by Harrison Azizi and Amol Sarva in 2021.

Mercantile

$21.7M – funding according to a recent SEC filing

Mercantile, a yet-to-launch fintech startup for small businesses, has raised $21.7M in funding according to a recent SEC filing. The filing indicates that the round comes from forty investors. Mercantile was founded by Luke Finney in 2021.

Portable

$3.2M – funding according to a recent SEC filing

Portable, a cloud-native data movement infrastructure, has raised $3.2M in funding according to a recent SEC filing. The filing indicates that the round comes from thirty-two investors. Portable was founded by Ethan Aaron and Azim Sonawalla in 2020.

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