Top tech startup funding news for today, May 13, 2025

It’s May 13, 2025, and we’re back with your daily snapshot of the biggest funding moves shaping the global startup scene. From next-gen solid rocket motors to AI finance copilots and EV battery intelligence, today’s funding slate showcases the breadth of innovation investors are betting on.

Topping the charts is X-Bow Systems, which secured a commanding $105 million Series B backed by aerospace heavyweights like Lockheed Martin and Boeing to scale its rocket motor production. Meanwhile, Breathe Battery Technologies landed $21 million to push the boundaries of battery performance optimization for electric vehicles and beyond.

It wasn’t all defense and deep tech, though. FlexPoint bagged $12 million to streamline payments for managed service providers, India’s M1xchange raised $10 million in a strategic secondary deal to expand supply chain finance access for MSMEs, and Hyperbots emerged with $6.5 million to automate finance workflows using AI-native co-pilots.

From enterprise software to space-grade propulsion, the funding momentum is alive and well.

Here’s who raised, how much, and why it matters.

FlexPoint Raises $12M Series A for MSP Payments Automation

FlexPoint, a payments automation platform for managed service providers (MSPs), secured a $12 million Series A round led by Foundry Group to accelerate its growth through aggressive hiring, product development, and market expansion. The New York-based startup provides integrated invoicing, payment processing, and financing tools that help MSPs streamline financial operations for their clients. With this funding, FlexPoint plans to double or triple its 25-person team and build out a partner program enabling MSPs to resell its payments platform, aligning with its mission to offer better integrated payments solutions for IT service firms. The latest raise brings FlexPoint’s total funding to $19.5 million since its launch in 2023.

Funding Details:
Startup: FlexPoint
Investors: Foundry Group (lead), Haymaker Ventures, Garuda Ventures, Techstars, Far Out Ventures, Cascade Seed Fund
Amount Raised: $12 million
Total Raised: $19.5 million
Funding Stage: Series A
Funding Date: May 13, 2025

Shakers Raises €14M Series A to Scale AI-Powered Freelance Platform Across Europe

Shakers, a Madrid-based startup revolutionizing the way companies connect with tech freelancers, has secured a €14 million Series A funding round. The investment aims to expand its AI-driven platform across Europe, enabling businesses to assemble agile, on-demand teams of vetted freelancers.

Shakers’ proprietary AI matches freelancers to projects not only based on skills but also considering experience and team compatibility, eliminating the need for initial interviews and technical assessments. Since its inception in 2021, Shakers has onboarded over 10,000 freelancers and collaborated with more than 450 companies, including industry giants like Microsoft, Inditex, and Telefónica. The company plans to utilize the new funds to accelerate European expansion, double its team size, and enhance AI integrations to facilitate seamless collaboration between freelancers and businesses.

Funding Details:

• Startup: Shakers

• Investors: Partech (lead), KFund, Brighteye Ventures, Athos Capital, Wayra

• Amount Raised: €14 million

• Total Raised: Not disclosed

• Funding Stage: Series A

• Funding Date: May 13, 2025

X-Bow Systems Raises $105M Series B for Rocket Motor Production

X-Bow Systems, a New Mexico-based developer of advanced solid rocket motors and launch technology, raised over $105 million in a Series B round with a strategic investment from Lockheed Martin Ventures. The non-traditional rocket manufacturer will use the funds to scale up production capacity and establish itself as an independent supplier of solid rocket motors (SRMs) within the defense industrial base. As part of the deal, Lockheed Martin entered a strategic agreement to help accelerate X-Bow’s growth, including the planned opening of a new propellant manufacturing campus in Texas to meet defense demand. The round also saw participation from major aerospace and venture investors such as Boeing Ventures, Razor’s Edge Ventures, Balerion Space Ventures, and others, underscoring confidence in X-Bow’s “deep tech” approach to more affordable SRM production.

Funding Details:
Startup: X-Bow Systems
Investors: Lockheed Martin Ventures (strategic lead), Boeing Ventures, Razor’s Edge Ventures, Balerion Space Ventures, Crosslink Capital (among others)
Amount Raised: $105 million (Series B)
Total Raised: Not disclosed
Funding Stage: Series B
Funding Date: May 13, 2025

M1xchange Secures $10M to Boost Digital Supply-Chain Finance

M1xchange, an Indian digital supply-chain financing platform (TReDS marketplace), secured an $10 million investment from Filter Capital in a secondary transaction to fuel its next stage of growth. The Gurgaon-based fintech operates an invoice discounting exchange that connects MSMEs, corporates, and financiers, addressing the credit gap for small businesses. This funding comes just weeks after a strategic stake purchase by Jindal Stainless, and brings M1xchange’s total funding to around $45 million to date. The fresh capital from Filter Capital reinforces investor confidence in M1xchange’s mission of driving financial inclusion for MSMEs through a transparent, tech-driven supply-chain finance ecosystem. The company plans to continue innovating its platform and expanding its reach as India’s MSMEs increasingly seek timely access to working capital.

Funding Details:
Startup: M1xchange
Investors: Filter Capital (new investor via secondary deal)
Amount Raised: $10 million
Total Raised: ~$45 million
Funding Stage: Strategic Secondary Investment (Series B extension)
Funding Date: May 13, 2025

Hyperbots Lands $6.5M Series A for AI Finance Co-Pilots

Hyperbots, a Bengaluru and US-based AI startup for finance and accounting automation, raised $6.5 million in a Series A round co-led by Arkam Ventures and Athera Venture Partners. The startup develops “agentic” AI co-pilots that can handle labor-intensive finance tasks, such as invoice processing, reconciliations, and compliance checks, with minimal human intervention.

The new funding will be used to expand Hyperbots’ presence in the US market, build additional AI co-pilot products, and launch “HyperLM,” a custom large-language model trained on extensive financial data to enhance its platform’s capabilities. Alongside the lead investors, the Series A saw participation from new investor JSW Ventures and existing backers Kalaari Capital, Sunicon Ventures, and Darashaw, reflecting strong support for Hyperbots’ vision of transforming back-office finance operations with AI. The company, founded in 2023 by Niyati Chhaya, Ram Jayaraman, and Rajeev Pathak, has about 55 engineers and aims to help mid-sized enterprises achieve up to 80% reductions in manual work with near-perfect accuracy in financial workflows.

Funding Details:
Startup: Hyperbots
Investors: Arkam Ventures and Athera Venture Partners (co-leads); JSW Ventures, Kalaari Capital (notable participants)
Amount Raised: $6.5 million
Total Raised: Not disclosed
Funding Stage: Series A
Funding Date: May 13, 2025

Breathe Battery Technologies Raises $21M Series B for EV Battery Software

Breathe Battery Technologies, a London-based battery software startup, announced a $21 million Series B round led by Kinnevik AB, with participation from Lowercarbon Capital and Volvo Cars Tech Fund. Breathe develops AI-driven, physics-based battery management tools that help electric vehicle and electronics manufacturers improve battery performance, enabling faster charging, longer cycle life, and enhanced safety for lithium-ion batteries.

The infusion of capital will accelerate the company’s growth and expansion of its product portfolio beyond its initial embedded software solution. In fact, alongside the funding, Breathe launched a suite of new battery simulation and optimization products (“Breathe Model,” “Breathe Map,” etc.), evolving into a comprehensive platform that supports the entire battery development lifecycle. Led by CEO Dr. Ian Campbell, Breathe’s expanded toolchain aims to help automakers and battery designers shorten development cycles and optimize battery use, addressing a critical need as the EV industry scales up.

Funding Details:
Startup: Breathe Battery Technologies
Investors: Kinnevik AB (lead), Lowercarbon Capital, Volvo Cars Tech Fund
Amount Raised: $21 million
Total Raised: Not disclosed
Funding Stage: Series B
Funding Date: May 13, 2025

Funding Summary Table