Top Startup and Tech Funding News – April 13 2025

It’s Monday, April 13, 2026, and we’re back with today’s top startup and tech funding news. Today’s rounds reflect a sharp shift toward infrastructure-heavy bets across AI, energy, advanced manufacturing, and capital markets. From world-model video generation and orbital intelligence to grid bottlenecks and EV production, investors are backing systems designed to operate at scale in both digital and physical environments.

Large late-stage financings signal continued conviction in capital-intensive sectors such as electric vehicles and generative AI, while early-stage rounds point to growing demand for tools that address real-world constraints—power access, retail decision-making, and healthcare delivery. Across sectors, today’s deals show a clear pattern: capital is concentrating around platforms that remove friction from complex systems, whether that’s energy grids, supply chains, financial rails, or clinical workflows.

Tech Funding News

Funding Highlights

• Slate Auto raises $650M Series C to scale affordable EV truck production
• ShengShu Technology raises RMB 2B Series B to advance world-model video generation
• Neomorph raises $100M Series B for molecular glue oncology R&D
• pH7 Technologies raises $32M Series B to scale critical minerals processing
• Critical Loop raises $26M Series A to accelerate grid interconnection solutions
• Citra Space raises $15M Series A for space object identification and intelligence
• Common Wealth raises CAD $12M Series A to expand group retirement platform
• Replenit raises $2.5M pre-seed for real-time retail decisioning AI
• Remission Medical raises Series A to scale embedded specialty-care delivery
• Superstate announces additional Series B closing for tokenized capital markets infrastructure

Investor Activity

Today’s funding activity highlights continued participation from a mix of venture firms, strategic corporates, and infrastructure-focused investors targeting long-term platform plays. Capital is flowing into areas where bottlenecks are most visible—energy, manufacturing, healthcare, and financial systems—while AI remains a central layer across multiple sectors. Strategic investors are increasingly aligning with startups that can integrate into existing industrial and institutional ecosystems, signaling a broader push toward scalable, real-world deployment over experimental applications.

Slate Auto Raises $650M in Series C Funding for Affordable EV Truck Production

Slate Auto is building a low-cost, highly customizable electric pickup platform, targeting a base price in the mid-$20,000s and leaning on post-delivery customization to widen its addressable market. The company says it has also accumulated more than 160,000 reservations, giving it an early demand signal as it pushes toward first deliveries in late 2026.

This Series C matters because it extends Slate’s runway through the most capital-intensive phase—industrializing production—and comes as the U.S. EV market digests cost pressure, wavering incentives, and a tougher path to scale for newer manufacturers. Slate positions the round as sufficient operating capital to reach the next development stage, with manufacturing plans centered on bringing production online this year.

Funding Details:

• Startup: Slate Auto
• Investors: TWG Global (lead); additional participants not disclosed; prior backers include General Catalyst and a family office affiliated with Jeff Bezos
• Amount Raised: $650M
• Total Raised: ~$1.4B (to date)
• Funding Stage: Series C
• Funding Date: April 13, 2026

Neomorph Raises $100M Series B Funding for Molecular Glue Oncology R&D

Neomorph develops “molecular glue” degraders—small molecules designed to trigger a cell’s own protein disposal machinery to eliminate disease-driving proteins that have historically been difficult to target with conventional drugs. Its financing is built around advancing a clinical program and extending a broader platform to expand the druggable universe.

The $100 million Series B is designed to fund Neomorph’s ongoing Phase 1/2 clinical work for NEO-811 in clear cell renal cell carcinoma and to continue building out its degrader pipeline across multiple therapeutic areas. The round’s investor mix underscores a continued appetite for differentiated drug discovery approaches directly tied to clinical execution.

Funding Details:

• Startup: Neomorph
• Investors: Deerfield Management (lead), Regeneron Ventures, Longwood Fund, Alexandria Venture Investments, Binney Street Capital, and others
• Amount Raised: $100M
• Total Raised: Undisclosed
• Funding Stage: Series B
• Funding Date: April 13, 2026

pH7 Technologies Raises $32M Series B for Critical Minerals Processing Scale-Up

pH7 Technologies is commercializing an organo-electrochemical extraction process to recover valuable metals from lower-grade ores, tailings, and complex feedstocks that are often uneconomic to process using traditional approaches. The company frames the opportunity as a processing bottleneck—less about discovering new deposits, more about extracting greater value from existing resources.

The oversubscribed Series B final close brings in new strategic and financial backers and positions the company to accelerate the commercialization and deployment of its extraction technology, starting with copper and extending to other metals. The announcement also cites a separate venture debt component; this report’s “Amount Raised” reflects only the disclosed equity portion.

Funding Details:

• Startup: pH7 Technologies
• Investors: Fine Structure Ventures (lead), Asahi Kasei, Circular Innovation Fund, BHP Ventures (participation), plus existing investors
• Amount Raised: ~$32M (equity only; excludes venture debt)
• Total Raised: Undisclosed (Series B financing package cited at ~CAD $55M including venture debt)
• Funding Stage: Series B
• Funding Date: April 13, 2026

Critical Loop Raises $26M Series A for Faster Grid Interconnection

The industrial power startup Critical Loop has raised $26 million in a Series A round led by Conifer Infrastructure Partners and Hanover, with backing from Better Ventures, Climate Capital, Adapt Nation Capital, and Cyrus Ventures.

Critical Loop sells an industrial power platform that pairs microgrid deployment with flexible interconnection to shorten “time to power” for customers facing multi-year waits for permanent grid upgrades. Its stack integrates storage, generation, and a software-defined controller, aiming to help power-constrained projects move forward while longer-term utility upgrades catch up.

This Series A is a bet that grid congestion will remain a binding constraint on industrial electrification, data center buildouts, and infrastructure projects—thereby creating demand for plug-in, modular alternatives that can be deployed quickly. The company states that the raise brings its total committed equity and debt funding to date to $49 million; this report treats the Series A amount as equity, while noting the “to date” figure includes debt.

Funding Details:

• Startup: Critical Loop
• Investors: Conifer Infrastructure Partners (lead), Hanover (lead), Better Ventures, Climate Capital, Adapt Nation Capital, Cyrus Ventures
• Amount Raised: $26M
• Total Raised: $49M committed (equity + debt)
• Funding Stage: Series A
• Funding Date: April 13, 2026

ShengShu Technology Raises $2,000M Series B for World-Model Video Generation

ShengShu Technology develops multimodal generative AI and is expanding its video-model capabilities with new reference-driven workflows designed to enable more consistent, story-oriented video creation. The product push is tightly coupled with a world-model thesis: unifying representation, prediction, and action across digital and physical environments.

Alongside the product announcement, ShengShu disclosed a RMB 2 billion Series B financing, led by a major hyperscaler’s cloud unit, with a mix of institutional participants and increased commitments from existing investors. The financing is positioned to support broader world-model development across both content-generation (digital) and action-oriented (physical) systems.

Funding Details:

• Startup: ShengShu Technology
• Investors: Alibaba Cloud (lead), Andon Haitang, China Internet Investment Fund, TAL Education Group, Luminous Ventures, plus others; existing investors LINK-X CAPITAL, Delta Capital, Baidu Ventures increased
• Amount Raised: RMB 2B (Series B)
• Total Raised: Undisclosed
• Funding Stage: Series B
• Funding Date: April 13, 2026

Citra Space Corporation Raises $15M in Series A Funding for Space Object Identification

Citra Space builds software to identify and characterize objects in orbit—moving beyond basic detection and tracking toward persistent “fingerprints” and behavior-based profiles. Today, Citra Space announced it has raised $15M in Series A funding for space object identification. The company frames the problem as an identification-and-characterization gap: operators may track many objects but still lack actionable context about what they are and what they are doing.

The Series A aims to accelerate deployment with commercial and government partners, as increased space activity drives a higher operational tempo and greater demand for decision-grade orbital intelligence. Citra’s announcement also emphasizes multi-source data fusion as its core technical approach.

Funding Details:

• Startup: Citra Space Corporation
• Investors: Washington Harbour Partners (lead), Industrious Ventures, Reliable Properties; existing: Scout VC, Squadra Ventures, Alumni Ventures, Flex Capital
• Amount Raised: $15M
• Total Raised: Undisclosed
• Funding Stage: Series A
• Funding Date: April 13, 2026

Common Wealth Pension Services Inc. Raises $12M in Series A Funding for Group Retirement Expansion

Common Wealth is a retirement fintech targeting small- and mid-sized employers with group retirement plans, offering a platform that makes plan setup and administration easier while improving retirement outcomes for employees. The company positions the market gap as structural: many private-sector workers lack employer-sponsored retirement plans, especially at smaller organizations.

The Series A equity financing is intended to accelerate distribution, deepen advisor partnerships, and expand product and platform capabilities, including AI-driven features. The announcement also notes prior non-equity financing in the company’s capital structure; this report’s “Amount Raised” reflects the disclosed equity raise.

Funding Details:

• Startup: Common Wealth Pension Services Inc.
• Investors: Broadbent group, Good & Well, AgeTech Capital, Deokali Capital, Eventi Capital Partners, Flow Capital, plus Canadian families/individuals
• Amount Raised: CAD $12M (equity)
• Total Raised: Undisclosed
• Funding Stage: Series A
• Funding Date: April 13, 2026

Replenit Raises $2.5M Pre-Seed for Real-Time Retail Decisioning AI

Replenit has raised $2.5 million in a pre-seed round co-led by Movens Capital and Vastpoint, with participation from Logo Ventures, DigitalOcean Ventures, Finberg, and Caucasus Ventures. The startup is building an AI “decision engine” for retail teams—positioning itself as an action layer that selects the next-best step for each customer in real time, rather than just predicting outcomes or generating content. The company’s go-to-market thesis is that retail organizations are signal-rich but decision-poor, with many teams still dependent on static rules, segments, and manual playbooks.

The pre-seed financing is aimed at expanding product development and AI research, while staffing engineering teams and preparing for expansion into additional markets. The company also points to early enterprise traction and integrations with existing data and marketing stacks as a wedge into larger retail infrastructure.

Funding Details:

• Startup: Replenit
• Investors: Movens Capital (co-lead), Vastpoint (co-lead), Logo Ventures, DigitalOcean Ventures, Finberg, Caucasus Ventures
• Amount Raised: $2.5M
• Total Raised: Undisclosed
• Funding Stage: Pre-Seed
• Funding Date: April 13, 2026

Remission Medical Raises Undisclosed Series A for Embedded Specialty-Care Scaling

Remission Medical delivers “embedded” virtual rheumatology services by contracting directly with health systems and operationalizing care delivery inside existing workflows. The company’s model pairs clinical staffing with a proprietary operational layer that handles referral intake, scheduling, documentation support, revenue cycle operations, and performance reporting across distributed health-system environments.

The Series A is structured to fund health-system partner expansion, grow clinical workforce capacity, and further build the company’s scaling infrastructure. The announcement emphasizes speed-to-launch for new service lines and extension into adjacent specialties over time.

Funding Details:

• Startup: Remission Medical
• Investors: Blue Heron Capital (lead); other participants not disclosed
• Amount Raised: Undisclosed
• Total Raised: Undisclosed
• Funding Stage: Series A
• Funding Date: April 13, 2026

Superstate Raises Undisclosed Series B Funding for Tokenized Capital-Market Infrastructure

Superstate provides tokenization and on-chain transfer infrastructure to modernize the issuance and administration of regulated investment products. Today’s announcement focuses on the expansion of a strategic partnership tied to a product rollout, including plans for a major asset manager’s affiliate to serve as the investment manager for one of Superstate’s flagship tokenized funds in 2Q26.

The company also disclosed an additional closing in its previously announced Series B equity round. While the financing amount was not disclosed, the strategic alignment with an incumbent asset manager suggests a push toward mainstream distribution and institutional-grade operational integration.

Funding Details:

• Startup: Superstate
• Investors: Invesco Private Capital (strategic investor in Series B closing); other investors not disclosed
• Amount Raised: Undisclosed
• Total Raised: Undisclosed
• Funding Stage: Series B (additional closing of commitments)
• Funding Date: April 13, 2026

Tech Funding Summary Table