Top 10 Startup and Tech Funding News – June 19, 2025
Nickie Louise
Posted On June 19, 2025
It’s Thursday, June 19, 2025. Just one more day to Friday. Here’s today’s tech funding roundup, tracking the capital pouring into startups reshaping how we build, diagnose, ship, pay, and protect.
Today’s deals spanned enterprise AI, borderless finance, open-source intelligence, and manufacturing automation. From Ramp’s $200 million Series E that pushed its valuation to $16 billion to Tennr’s $101 million raise to fix broken referral systems in healthcare, the day highlighted how AI continues to infuse itself into every corner of the startup landscape.
Funding Highlights
Ramp led the pack with a $200 million raise as it doubles down on AI-powered finance automation for enterprises. Close behind, Tennr scored $101 million to overhaul healthcare referrals using specialized AI models. In Europe, Mercanis and Pelico drew in $20 million and $40 million, respectively, fueling procurement automation and factory orchestration. Meanwhile, early-stage bets like Glyde and Sifflet show strong momentum around global fintech and AI data integrity.
Investor Activity
Founders Fund, General Catalyst, and Partech all took leading roles today, anchoring major growth rounds across healthtech, enterprise automation, and deeptech. While heavyweight rounds dominated the headlines, newer players like Capmont Technology and Fuel Ventures made strategic moves in seed and Series A deals, backing infrastructure plays built for scale from day one.
Whether it’s debugging AI pipelines, fixing healthcare bottlenecks, or upgrading how companies track supply chains, today’s deals confirm that investors are writing big checks for ideas solving real operational pain.
Here’s the full breakdown of today’s funding deals, with key details on investors, sectors, and funding stages.
Glyde Raises £450K Pre-Seed for Borderless Currency Platform
Glyde, a London-based fintech startup, raised £450,000 in a pre-seed round led by Fuel Ventures to build its borderless currency transfer platform. Founded by brothers Ellis and Nathan Taylor, Glyde enables individuals and businesses to send, receive, and convert money in over 50 currencies on their own terms, avoiding hidden fees and broker markups.
The platform gives users transparency and control over exchange rates – freelancers, e-commerce sellers, and other global earners can save significantly (up to 3× versus traditional providers) by choosing better rates. The fresh funds will go toward growing Glyde’s engineering team, accelerating product development, and expanding its user base across the UK and internationally.
Funding Details:
- Startup: Glyde
- Investors: Fuel Ventures (lead)
- Amount Raised: £450,000
- Total Raised: £450,000
- Funding Stage: Pre-Seed
- Funding Date: June 19, 2025
Tennr Raises $101M Series C to Streamline Healthcare Referrals
Tennr, a New York-based healthtech startup focused on patient referrals, has closed a $101 million Series C round to fix bottlenecks in the medical referral process. The round was led by IVP with participation from existing backers Andreessen Horowitz (a16z) and Lightspeed Venture Partners.
Coming less than a year after a $37 million Series B, this new funding values Tennr at about $605 million and will support the expansion of its AI-driven platform that automates referral paperwork and insurance checks across healthcare providers. Founded in 2021, Tennr has rapidly grown by using specialized AI models to decipher medical documents and ensure patients connect with the right specialists more efficiently.
Funding Details:
- Startup: Tennr
- Investors: IVP (lead), Andreessen Horowitz, Lightspeed Venture Partners
- Amount Raised: $101,000,000
- Total Raised: Not disclosed
- Funding Stage: Series C
- Funding Date: June 19, 2025
Mercanis Raises $20M Series A for AI-Driven Procurement Platform
Berlin-based Mercanis has secured over $20 million in a Series A round to accelerate its AI-driven procurement platform and expand into new markets. Founded in 2020, Mercanis offers a cloud-based “Agentic-AI” procurement suite that automates the entire sourcing lifecycle, from supplier selection to contract management.
The funding was led by Partech and AVP, with participation from Signals.VC, Capmont Technology, Speedinvest, and several angel investors, bringing Mercanis’s total funding to approximately $30 million. The company plans to use the capital to grow internationally and challenge legacy procurement systems with its AI-native approach.
Funding Details:
- Startup: Mercanis
- Investors: Partech (lead), AVP (lead), Signals.VC, Capmont Technology, Speedinvest, angel investors
- Amount Raised: $20,000,000
- Total Raised: $30,000,000
- Funding Stage: Series A
- Funding Date: June 19, 2025
Pelico Raises $40M Strategic Round for AI Supply Chain Platform
Pelico, a Paris- and Miami-based startup, raised a $40 million strategic round led by General Catalyst to bring AI-driven orchestration to manufacturing supply chains. Pelico’s platform acts as a real-time AI co-pilot for factory operations, helping manufacturers like Airbus, Eaton, and Safran anticipate and prevent production delays by instantly spotting parts shortages and bottlenecks in live data.
The new investment, which brings Pelico’s total funding to $72 million, will fuel the company’s North American expansion, hiring, and the development of “Agentic AI” capabilities for self-optimizing supply chains. Other backers include 83North and Serena Capital.
Funding Details:
- Startup: Pelico
- Investors: General Catalyst (lead), 83North, Serena Capital
- Amount Raised: $40,000,000
- Total Raised: $72,000,000
- Funding Stage: Strategic round
- Funding Date: June 19, 2025
Ramp Raises $200M Series E for AI-Powered Finance Platform
Ramp, the New York-based fintech behind an AI-powered finance operations platform, has raised $200 million in a Series E round led by Founders Fund. The raise brings Ramp’s valuation to $16 billion and its total equity funding to $1.4 billion to date.
Ramp provides corporate cards and spend-management tools for over 40,000 companies, using artificial intelligence to automate expense reports, bill payments, procurement, and more. The company says its platform has saved customers more than $10 billion and tens of millions of work hours by streamlining financial workflows.
Funding Details:
- Startup: Ramp
- Investors: Founders Fund (lead), Thrive Capital, D1 Capital, General Catalyst, GIC, ICONIQ Growth, Khosla Ventures, others
- Amount Raised: $200,000,000
- Total Raised: $1,400,000,000
- Funding Stage: Series E
- Funding Date: June 19, 2025
Commure Raises $200M Growth Financing for AI Healthcare Platform
Commure, a San Francisco-based healthtech startup, has secured $200 million in growth financing from General Catalyst’s Customer Value Fund to accelerate its AI-powered healthcare operations platform. Commure’s technology automates tasks across hospital revenue cycle management, clinical documentation, and practice management workflows, serving over 130 health systems and powering billions of dollars in annual transactions.
The non-dilutive funding will be used to scale product innovation and go-to-market initiatives to meet surging demand from U.S. healthcare providers for Commure’s full-stack AI platform.
Funding Details:
- Startup: Commure
- Investors: General Catalyst (Customer Value Fund)
- Amount Raised: $200,000,000
- Total Raised: Not disclosed
- Funding Stage: Growth (late-stage)
- Funding Date: June 19, 2025
Tadaweb Raises $20M Funding Round for AI-Powered OSINT Platform
Tadaweb, a Luxembourg-based open-source intelligence (OSINT) platform provider, has raised $20 million in funding to accelerate its global expansion and product development. The round was co-led by Arsenal Growth and Forgepoint Capital International, with participation from existing investor Wendel. The new funding brings Tadaweb’s total raised to $40 million.
Founded in 2011, Tadaweb specializes in “small data”—the volume of information a human analyst can realistically process. The company’s platform stitches together precise data points to deliver insights that are clear, focused, and actionable. Its technology leverages AI to enhance the work of human analysts, integrating third-party web tools and APIs to ingest data from publicly available intelligence (PAI), commercial databases, and other emerging sources.
Funding Details:
- Startup: Tadaweb
- Investors: Arsenal Growth (co-lead), Forgepoint Capital International (co-lead), Wendel
- Amount Raised: $20,000,000
- Total Raised: $40,000,000
- Funding Stage: Not disclosed
- Funding Date: June 19, 2025
Coralogix Raises $115M Series E for AI-Powered Observability Platform
Coralogix, an Israel-based data observability platform, raised $115 million in a Series E round at a valuation of over $1 billion. The round was led by NewView Capital, with participation from the Canada Pension Plan Investment Board (CPPIB) and NextEquity, alongside all major existing investors.
Coralogix’s software helps companies monitor and troubleshoot their applications in real time using an AI agent called “Olly,” which analyzes system logs and other data to surface insights and root causes of issues via simple text prompts. With the new funding, Coralogix plans to expand its R&D (including a larger engineering hub in India) and continue scaling its global customer base as it eyes an eventual US IPO in the next few years.
Funding Details:
- Startup: Coralogix
- Investors: NewView Capital (lead), CPPIB, NextEquity, Advent International, Brighton Park Capital
- Amount Raised: $115,000,000
- Total Raised: Not disclosed
- Funding Stage: Series E
- Funding Date: June 19, 2025
Sifflet Raises $18M Series A to Ensure Data Quality for AI
Sifflet, a Paris-based deeptech startup, raised $18 million to tackle the “silent AI” crisis caused by poor data quality. Founded in 2021 by Salma Bakouk – a former Goldman Sachs executive – along with Wissem and Wajdi Fathallah, Sifflet’s data observability platform helps enterprises identify and fix broken or inconsistent data that can undermine their AI models.
The company already counts large firms like Penguin Random House and Euronext among its clients, ensuring their AI projects run on reliable datasets. The Series A round was backed by existing investors EQT Ventures and Mangrove Capital, joined by new investor Capmont Technology, bringing Sifflet’s total funding to $18 million. The fresh capital will fuel Sifflet’s expansion into North America and support the launch of its AI-driven “data watchdog” agents that proactively detect and resolve data issues.
Funding Details:
- Startup: Sifflet
- Investors: EQT Ventures, Mangrove Capital, Capmont Technology
- Amount Raised: $18,000,000
- Total Raised: $18,000,000
- Funding Stage: Series A
- Funding Date: June 19, 2025
Summary of Funding Announcements (June 19, 2025)
| Startup | Investors (Lead and notable investors) | Amount Raised | Total Raised | Funding Stage | Funding Date |
|---|---|---|---|---|---|
| Tadaweb | Arsenal Growth (co-lead), Forgepoint Capital Intl., Wendel | $20 M | $40 M | Undisclosed | June 19, 2025 |
| Mercanis | Partech (lead), AVP (lead), Signals.VC, Capmont Tech, Speedinvest | $20 M | $30 M | Series A | June 19, 2025 |
| Pelico | General Catalyst (lead), 83North, Serena Capital | $40 M | $72 M | Strategic round | June 19, 2025 |
| Tennr | IVP (lead), Andreessen Horowitz, Lightspeed Venture Partners | $101 M | Not disclosed | Series C | June 19, 2025 |
| Ramp | Founders Fund (lead), Thrive Capital, D1 Capital, General Catalyst, GIC | $200 M | $1.4 B | Series E | June 19, 2025 |
| Commure | General Catalyst (Customer Value Fund) | $200 M | Not disclosed | Growth (Late-stage) | June 19, 2025 |
| Glyde | Fuel Ventures (lead) | £450 K | £450 K | Pre-Seed | June 19, 2025 |
| Coralogix | NewView Capital (lead), CPPIB, NextEquity, Advent Intl., Brighton Park | $115 M | Not disclosed | Series E | June 19, 2025 |
| Sifflet | EQT Ventures, Mangrove Capital, Capmont Technology | $18 M | $18 M | Series A | June 19, 2025 |
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